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China's steel industry, initially small and hindered by war, expanded rapidly following market reforms in 1978, eventually becoming the world's largest producer. Despite this growth, the industry faced challenges with high debt, market volatility, and environmental pressures.
In 2023, total world crude steel production was nearly 1.9 billion tons . The biggest steel producing country is currently China, which accounted for 54% of world steel production in 2023. [ 1 ] In 2020, despite the COVID-19 pandemic , China became the first country to produce over one billion tons of steel. [ 2 ]
This is a list of the largest steel-producing companies in the world mostly based on the list by the World Steel Association.The list ranks steelmakers by volume of steel production in millions of tons over time and includes all steelmakers with production over 10 million in 2021.
China currently dominates the steel industry. Six of the world’s top 10 steel producers are from China, with the state-owned Baowu Group leading the pack, according to data from the World Steel ...
China's steel industry, initially small and hindered by war, expanded rapidly following market reforms in 1978, eventually becoming the world's largest producer. Despite this growth, the industry faced challenges with high debt, market volatility, and environmental pressures.
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The Steel Industry of China: Its Present Status and Future Potential (1999) Hogan, William T. Minimills and Integrated Mills: A Comparison of Steelmaking in the United States (1987) Meny, Yves. Politics of Steel: Western Europe and the Steel Industry in the Crisis Years (1974–1984) (1986) Scheuerman, William.
China Steel was planned and organized in 1960s and the corporation was officially established on December 3, 1971. [4] Its adoption of the continuous casting production process, which was later computerized, obtained for the company international competitiveness. [4]