This article summarizes the world steel production by country.
In 2018, total world crude steel production was 1808.6 million tonnes (Mt). The biggest steel producing country is currently China, which accounted for 51.3% of world steel production in 2018.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.
This is a list of countries by steel production in 1967, 1980, 1990, 2000 and from 2007 to 2018, based on data provided by the World Steel Association.All countries with annual production of crude steel at least 2 million metric tons are listed.
|—||Others||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
|11||United Arab Emirates||3.8|
The economy of Canada is a highly developed market economy. It is the 10th largest GDP by nominal and 16th largest GDP by PPP in the world. As with other developed nations, the country's economy is dominated by the service industry which employs about three quarters of Canadians. Canada has the third highest total estimated value of natural resources, valued at US$33.2 trillion in 2019. It has the world's third largest proven petroleum reserves and is the fourth largest exporter of petroleum. It is also the fourth largest exporter of natural gas. Canada is considered an "energy superpower" due to its abundant natural resources and a small population of 37 million inhabitants relative to its land area.
The economy of Romania is a fast developing, upper middle income mixed economy with a very high Human Development Index and a skilled labour force, ranked 15th in the European Union by total nominal GDP and 10th largest when adjusted by purchasing power parity.
The economy of Turkey is an emerging market economy as defined by the International Monetary Fund. Turkey is among the world's developed countries according to the CIA World Factbook. Turkey is also defined by economists and political scientists as one of the world's newly industrialized countries. Turkey has the world's 19th-largest nominal GDP, and 13th-largest GDP by PPP. The country is among the world's leading producers of agricultural products; textiles; motor vehicles, transportation equipment; construction materials; consumer electronics and home appliances.
The economy of Vietnam is a socialist-oriented market economy, which is the 44th-largest in the world as measured by nominal gross domestic product (GDP) and 27th-largest in the world as measured by purchasing power parity (PPP). Vietnam is a member of Asia-Pacific Economic Cooperation, Association of Southeast Asian Nations and the World Trade Organization.
The Organization of the Petroleum Exporting Countries is an intergovernmental organization of 13 nations, founded on 14 September 1960 in Baghdad by the first five members, and headquartered since 1965 in Vienna, Austria. As of September 2018, the 13 member countries accounted for an estimated 44 percent of global oil production and 81.5 percent of the world's "proven" oil reserves, giving OPEC a major influence on global oil prices that were previously determined by the so-called "Seven Sisters" grouping of multinational oil companies. A larger group called OPEC+ was formed in late 2016 to have more control on global crude oil market. Due to the COVID-19 pandemic the demand for OPEC oil has fallen to a 30-year low in second quarter of 2020.
The world economy or global economy is the economy of all humans of the world, considered as the international exchange of goods and services that is expressed in monetary units of account. In some contexts, the two terms are distinct "international" or "global economy" being measured separately and distinguished from national economies while the "world economy" is simply an aggregate of the separate countries' measurements. Beyond the minimum standard concerning value in production, use and exchange the definitions, representations, models and valuations of the world economy vary widely. It is inseparable from the geography and ecology of Earth.
POSCO is a South Korean steel-making company headquartered in Pohang, South Korea. It had an output of 42 million tonnes 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 economy of India is characterised as a developing market economy. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). According to the IMF, on a per capita income basis, India ranked 139th by GDP (nominal) and 118th by GDP (PPP) in 2018. From independence in 1947 until 1991, successive governments promoted protectionist economic policies with extensive state intervention and regulation; the end of the Cold War and an acute balance of payments crisis in 1991 led to the adoption of a broad program of economic liberalisation. Since the start of the 21st century, annual average GDP growth has been 6% to 7%, and from 2014 to 2018, India was the world's fastest growing major economy, surpassing China. Historically, India was the largest economy in the world for most of the two millennia from the 1st until 19th century.
Mining in Iran is underdeveloped, yet the country is one of the most important mineral producers in the world, ranked among 15 major mineral-rich countries, holding some 68 types of minerals, 37 billion tonnes of proven reserves and more than 57 billion tonnes of potential reserves worth $770 billion in 2014. Mineral production contributes only 0.6 per cent to the country's GDP. Add other mining-related industries and this figure increases to just four per cent (2005). Many factors have contributed to this, namely lack of suitable infrastructure, legal barriers, exploration difficulties, and government control over all resources.
The Ministry of Steel is an executive branch agency of the Government of India that is responsible for formulating all policies regarding steel production, distribution and pricing in India. As of June 2019, the ministry is headed by a minister of cabinet rank, Dharmendra Pradhan and is assisted by a Minister of State, Faggan Singh Kulaste.
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 45% of its total primary energy.
The mineral industry is one of the main sectors of the Armenian economy and in 2017 accounted for 30.1% of its exports.
The economy of China has transitioned from a centrally-planned system to a more market-oriented economy, which currently ranks as the second largest in the world by nominal GDP and the largest in the world by purchasing power parity. China has the world's fastest-growing major economy, with growth rates averaging 6% over 30 years. As of 2018, China's private sector accounted for 60% of the GDP; the private sector is also responsible for 80% of urban employment and 90% of new jobs. According to the IMF, on a per capita income basis, China ranked 73rd by GDP (PPP) per capita in 2019. China's GDP was $14.3 trillion in 2019. The country has natural resources with an estimated worth of $23 trillion, 90% of which are coal and rare earth metals. China also has the world's largest total banking sector assets of around $40 trillion with $27.39 trillion in total deposits. It has the fourth-largest inward foreign direct investment, and the eleventh-largest outward foreign direct investment. China has the world's second-highest number of billionaires with total wealth of $996 billion. Of the world's 500 largest companies, 129 are headquartered in China. It has the world's largest foreign-exchange reserves worth $3.1 trillion. 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 industries are among the most important industries in India. During 2014 through 2016, India was the third largest producer of raw steel. In 2019 India became the 2nd largest steel producer in the world after China. and the largest producer of steel iron in the world. The 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 iron ore.