World Steel Association (worldsteel) in its report has stated that India's, which is the second largest steel producing nation, crude steel production rose by nearly 18 per cent to 118 million tonne (MT) in 2021, as compared to 100.3 MT in 2020. While, world leader China recorded a 3 per cent decline to 1,032.8 MT, as compared to 1,064.7 MT of steel in the same year.
The global industry body said ‘Total world crude steel production was 1,950.5 MT in 2021, a 3.7 per cent increase compared to 1,880.4 MT in 2020’. According to the report, in 2021, Japan produced 96.3 MT steel as against 83.2 MT in 2020. The United States' output was at 86 MT compared to 72.7MT a year ago.
While Russia produced 76 MT steel, South Korea produced 70.6 MT, Turkey 40.4 MT, Germany 40.1 MT, Brazil 36 MT and Iran produced 28.5 MT steel in 2021. Out of 1,950.5 MT, the top ten steel producing countries jointly produced 1,624.8 MT, the rest came in from other steel producing member nations.