China largest producer of crude steel in world
As per latest report of the World Steel Association (WSA), China is the largest producer of crude steel accounting for more than 51% of production. While, India has replaced Japan as world’s second largest steel producing country. The crude steel production of India in 2018 was at 106.5 MT. It went up by 4.9% from 101.5 MT in 2017. Japan produced 104.3 MT in 2018, down 0.3% compared to 2017. Global crude steel production reached 1,808.6 MT for the year 2018 from 1,729.8 MT in 2017, a rise of 4.6%. The WSA is the international trade body for the iron and steel industry. 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.