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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. Crude steel production contracted in all regions in 2019 except in Asia and the Middle East. India is the 2nd leading producer of iron and steel industries. [citation needed]
As more steel is produced than is scrapped, the amount of recycled raw materials is about 40% of the total of steel produced – in 2016, 1,628,000,000 tonnes (1.602 × 10 9 long tons; 1.795 × 10 9 short tons) of crude steel was produced globally, with 630,000,000 tonnes (620,000,000 long tons; 690,000,000 short tons) recycled.
Top steel producing companies. 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.
Amongst the other newly steel-producing countries, in 2017 South Korea produces 71 million tonnes, nearly double Germany; and Brazil 34 million tonnes; all three countries have not changed much since 2011. Indian steel production in 2017 is just over 100 million tonnes; up substantially from 70 million tonnes in 2011 – compared to only 1 ...
In 2022, the U.S. was the third-largest producer of raw steel worldwide, after China and India, and ranked sixth in pig iron production. By November 2024, the industry produced over 74 million net tons annually.
To produce a ton of steel in an electric arc furnace requires approximately 400 kilowatt-hours (1.44 gigajoules) per short ton or about 440 kWh (1.6 GJ) per tonne. The theoretical minimum amount of energy required to melt a tonne of scrap steel is 300 kWh (1.09 GJ) (melting point 1,520 °C (2,768 °F)).
Rank Country Usable iron ore production (× 1000 tonnes) Year World 2,500,000: 2022 1: Australia: 880,000: 2023 2: China: 659,000: 2023 3: Brazil: 422,000: 2023 4 ...
Since 2002, steel produced by electric arc furnace, the process used by the mini-mills, has produced more than half the steel made in the US. Many companies operating integrated mills also have mini-mills. A number of bankruptcies and acquisitions between 2000 and 2014 reversed the trend of industry fragmentation.