This article summarizes the world steel production by country.
In 2020, total world crude steel production was 1877.5 million tonnes (Mt). The biggest steel producing country is currently China, which accounted for 57% of world steel production in 2020.In 2020, China became the first country to produce over one billion tons of steel. In 2008, 2009, 2015 and 2016 output fell in the majority of steel-producing countries as a result of the global recession. In 2010 and 2017, it started to rise again. Crude steel production contracted in all regions in 2019 except in Asia and the Middle East.
This is a list of countries by steel production in 1967, 1980, 1990, 2000 and from 2007 to 2020, based on data provided by the World Steel Association.All countries with annual production of crude steel at least 2 million metric tons.
|41||United Arab Emirates||2.7||3.3||3.2||3.3||3.2||3.0||2.4||2.9||2.4||2.0||0.5||0.2||0.1||0.1||0.1||—||—||n/a|
|—||Others||27.7||n/a||n/a||n/a||n/a||n/a||n/a||28.4||29.5||29.9||26.5 (est.)||23.3 (est.)||28.6 (est.)||30.7 (est.)||n/a||n/a||n/a||n/a|
net: exports - imports
Net: imports − exports
|10||United Arab Emirates||2.4|
The economy of Ecuador is the eighth largest in Latin America and the 69th largest in the world by total GDP. Ecuador’s economy is based on the export of oil, bananas, shrimp, gold, other primary agricultural products and money transfers from Ecuadorian emigrants employed abroad. In 2017, remittances constituted 2.7% of country's GDP. The total trade amounted to 98% of the Ecuador’s GDP in 2017. The country is substantially dependent on its petroleum resources. In 2017, oil accounted for about one-third of public-sector revenue and 32% of export earnings. When Ecuador was part of OPEC, it was one of the smallest members and produced about 531,300 barrels per day of petroleum in 2017. It is the world's largest exporter of bananas and a major exporter of shrimp. Exports of non-traditional products such as cut flowers and canned fish have grown in recent years. In the past, Ecuador’s economy depended largely on primary industries like agriculture, petroleum, and aquaculture. As a result of shifts in global market trends and development of technology have led to the economic development of other sectors like textile, processed food, metallurgy and the service sectors. Between 2006 and 2014, GDP growth averaged 4.3%, driven by high oil prices and external financing. From 2015 until 2018 GDP growth averaged just 0.6%. Ecuador's president, Lenín Moreno, has launched a radical transformation of Ecuador’s economy since taking office in May 2017. The aim is to increase the private sector’s weight, in particular the oil industry.
The economy of Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology and entertainment sectors. It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 24th-largest in terms of purchasing power parity. Nigeria has the largest economy in Africa; its re-emergent manufacturing sector became the largest on the continent in 2013, and it produces a large proportion of goods and services for the West African subcontinent. In addition, the debt-to-GDP ratio is 16.075% as of 2019.
The economy of Taiwan is a highly developed capitalist economy with most government firms being privatized. It is the seventh largest in Asia and 20th-largest in the world by purchasing power parity allowing Taiwan to be included in the advanced economies group by the International Monetary Fund and gauged in the high-income economies group by the World Bank. Taiwan is the most technologically advanced computer microchip maker in the world.
The economy of Ukraine is an emerging free market economy. It grew rapidly from 2000 until 2008 when the Great Recession began worldwide and reached Ukraine as the 2008–2009 Ukrainian financial crisis. The economy recovered in 2010 and continued improving until 2013. From 2014 to 2015, the Ukrainian economy suffered a downturn, with GDP in 2015 being slightly above half of its value in 2013. In 2016, the economy again started to grow. By 2018, the Ukrainian economy was growing rapidly, and reached almost 80% of its size in 2008.
The economy of Vietnam is a socialist-oriented market economy, which is the 37th-largest in the world as measured by nominal gross domestic product (GDP) and 23rd-largest in the world as measured by purchasing power parity (PPP) in 2020. Vietnam is a member of Asia-Pacific Economic Cooperation, Association of Southeast Asian Nations and the World Trade Organization.
POSCO is a South Korean steel-making company headquartered in Pohang, South Korea. It had an output of 42,000,000 metric tons of crude steel in 2015, making it the world's fourth-largest steelmaker by this measure. In 2010, it was the world's largest steel manufacturing company by market value. Also, in 2012, it was named as the 146th world's largest corporations by the Fortune Global 500.
China Baowu Steel Group Corp., Ltd., commonly known as Baowu, is a state-owned iron and steel company headquartered in the Baosteel Tower in Pudong, Shanghai, China. The company was formed by Baosteel Group absorbing its smaller state-owned peer, Wuhan Iron and Steel Corporation in 2016.
The energy policy of India is largely defined by the country's expanding energy deficit and increased focus on developing alternative sources of energy, particularly nuclear, solar and wind energy. India attained 63% overall energy self-sufficiency in 2017.
Kazakhstan owns large reserves of energy resources, and therefore the energy policy of Kazakhstan has influence over the world's overall energy supply. Although Kazakhstan has not described itself as an energy superpower, Kazakhstan's former president Nursultan Nazarbayev has claimed Kazakhstan will become a factor of energy security in Asia and Europe. Kazakhstan has a strategic geographical location to control oil and gas flows from Central Asia to East (China) and West.
Ensuring adequate energy supply to sustain economic growth has been a core concern of the Chinese government since 1949. The country is the world's largest emitter of greenhouse gases, and coal in China is a major cause of global warming. However, from 2010 to 2015 China reduced energy consumption per unit of GDP by 18%, and CO2 emissions per unit of GDP by 20%. On a per-capita basis, it was the world's 51st largest emitter of greenhouse gases in 2016.
Peak coal is the peak consumption or production of coal by a human community. Global coal consumption peaked in 2013, and had dropped slightly by the end of the 2010s. The peak of coal's share in the global energy mix was in 2008, when coal accounted for 30% of global energy production. The decline in coal use is largely driven by consumption declines in the United States and Europe, as well as developed economies in Asia. In 2019 production increases in countries; such as China, Indonesia, India, Russia and Australia; equalled the falls in the United States and Europe, but coal's structural decline continued in the 2020s.
Since 2013, total primary energy consumption in India has been the third highest in the world after China and the United States. India is the second top coal consumer in the year 2017 after China. India ranks third in oil consumption with 221 million tons in 2017 after the United States and China. India is net energy importer to meet nearly 47% of its total primary energy in 2019.
Vietnam is a dynamic developing economy, with a relatively high growth rate. The energy sector plays a key role in promoting the country's socio-economic development. Vietnam has a diverse energy fuel resource of various types such as coal, natural gas, petroleum, hydropower and renewable energy sources such as solar energy, biomass energy, wind energy, etc. Because of its diverse natural resources and growing energy sector, the country has been very successful at attracting additional investment in renewables and other sources of energy.
The impact of the petroleum industry in China has been increasing globally as China ranks seventh for oil production and second in crude oil consumption in the world.
The economy of the People's Republic of China is a developing market-oriented economy that incorporates economic planning through industrial policies and strategic five-year plans. Dominated by state-owned enterprises (SOEs) and mixed-ownership enterprises, the economy also consists of a large domestic private sector and openness to foreign businesses in a system described as a socialist market economy. State-owned enterprises accounted for over 60% of China's market capitalization in 2019 and generated 40% of China's GDP of US$15.66 trillion in 2020, with domestic and foreign private businesses and investment accounting for the remaining 60%. As of the end of 2019, the total assets of all China's SOEs, including those operating in the financial sector, reached US$78.08 trillion. Ninety-one (91) of these SOEs belong to the 2020 Fortune Global 500 companies. China has the world's second largest economy when measured by nominal GDP, and the world's largest economy since 2014 when measured by Purchasing Power Parity (PPP), which according to some is a more accurate measure of an economy's true size. It has been the second largest by nominal GDP since 2010, which rely on fluctuating market exchange rates. An official forecast states that China will become the world's largest economy in nominal GDP by 2028. Historically, China was one of the world's foremost economic powers for most of the two millennia from the 1st until the 19th century.
The steel industry in China has been driven by rapid modernisation of its economy, construction, infrastructure and manufacturing industries.
For the economic effects refer to Economy of Iran.
The iron and steel industry in India is among the most important industries within the country. India surpassed Japan as second top steel producer in January 2019. As per worldsteel, India's crude steel production in 2018 was at 106.5 tonnes (MT), 4.9% increase from 101.5 MT in 2017, means that India overtook Japan as the world's second largest steel production country. Japan produced 104.3 MT in year 2018, decrease of 0.3% compared to year 2017. Industry produced 82.68 million tons of total finished steel and 9.7 million tons of raw iron. Most iron and steel in India is produced from the iron ore.
The oil and gas industry in India dates back to 1889 when the first oil deposits in the country were discovered near the town of Digboi in the state of Assam. The natural gas industry in India began in the 1960s with the discovery of gas fields in Assam and Maharashtra. As on 31 March 2018, India had estimated crude oil reserves of 594.49 million tonnes (MT) and natural gas reserves of 1339.57 billion cubic meters (BCM).
Greenhouse gas emissions by China are the largest of any country in the world both in production and consumption terms, and stem mainly from coal-fired power stations, coal mining, and blast furnaces producing iron and steel. When measuring production-based emissions, China emitted over 12 gigatonnes (Gt) CO2eq of greenhouse gases in 2014; almost 30% of the world total. This corresponds to over 7 tonnes CO2eq emitted per person each year, slightly over the world average and the EU average but less than half the second largest emitter of greenhouse gases, the United States, with its 16 tonnes. In consumption terms, China emits slightly less, with over 6 tonnes in 2016, slightly above the world average, but less than the EU average and less than the United States by more than a half, with close to 18 tonnes per person. 2020 GhG has been estimated at 14.4 Gt.