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India Replaces Japan as 2nd Largest Steel Producer: Worldsteel

Jan 30,2019

India has replaced Japan as the world’s second-largest steel producing country, while China is the largest producer of crude steel accounting for more than 51% of production, according to World Steel Association (worldsteel).


The global steel body in its latest report noted that China’s crude steel output jumped from 870.9 MT in 2017 to 6.6% 928.3 million tonnes (MT) in 2018. China’s share increased to 51.3% in 2018 from 50.3% in 2017.


“India’s crude steel production from 101.5 MT in 2017 was at 106.5 MT in 2018, up by 4.9%, meaning India has replaced Japan as the world’s second-largest steel producing country. Japan produced 104.3 MT in 2018, down 0.3% compared to 2017,” worldsteel said.


Global crude steel production reached from 1,729.8 MT in 2017 to 1,808.6 MT for the year 2018, a rise of 4.6%, it said. Others in the top 10 steel-producing countries include the United States, at the fourth position as the country produced 86.7 MT of crude steel in 2018, South Korea at 5th place produced 72.5 MT, Russia at 6th place produced 71.7 MT, Germany at 7th place produced 42.4 MT, Turkey at 8th place produced 37.3 MT, Brazil at 9th place produced 34.7 MT, and Iran at 10th place produced 25 MT.


Among other countries, Italy produced 24.5 MT of crude steel in 2018, France produced 15.4 MT, Spain produced 14.3 MT, and Ukraine produced 21.1 MT.


World Steel Association is one of the industry associations in the world. Its members represent around 85% of the world’s steel production, including over 160 steel producers with 9 of the 10 largest steel companies, national and regional steel industry associations, and steel research institutes.