Being first produced in 200 BC and first put on mass production in 1850s steel nowadays is arguably the most important material used in engineering and construction throughout the world. Being an alloy of iron and carbon, steel accounts for over 3500 various grades with different chemical, environmental and physical properties, 75% of which have been created in the past 2 decades. As of 2012, it was produced 1,545 million tons of crude steel in the World with China being an absolute leader accounting for about a half of world's crude steel production, according to the data provided by World Steel Association. Concerning international trade, Brazil is the biggest exporter of iron ore accounting for about one fourth of the world's iron ore exports, while China is the biggest importer. These and other statistics on annual and monthly dynamics of production of wide variety of steel products from World Steel Association is available below.
Blast Furnace & Direct Reduced Iron Production (Annual) | Blast Furnace & Direct Reduced Iron Production (Monthly) | Production of Steel by Products (Annual) | Production of Steel (Monthly) | Exports & Imports of Steel by Products | Use of Steel by Products
See also: World Crude Steel Production
Addressing a meeting of the parliamentary consultative committee, attached to his ministries, in Bengaluru, Karnataka on July 7th-2015. Union Steel and Mines Minister Narendra Singh Tomar said that India has overtaken the United States to become the World's third largest steel producer during the first five months of this calendar year.
During the last 10 years, a small group of emerging economies in Asia have supported the growth in total global steel production. While India and South Korea have contributed, production from China overwhelmingly leads globally. Accounting for half of global steel production, analysts worldwide monitor China's monthly production figures closely for signs of economic strength but also to gauge forward pricing expectations based on global demand and the production response of competing mills overseas.Between 2004 and 2014, China increased its annual steel production almost three times to about 823 million tons. At that volume, China's steel...