Q. Which country is the largest producer of crude steel in the world, according to latest report of World Steel Association (WSA)?
Answer: China
Notes: 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.
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📌 Question Number: 251 in Current Affairs Quiz - January, 2019 in the above course in App.