Kerala News Journal
Buisness

This nation produces more steel than the whole world combined, with India coming in second

Steel is used extensively in building and home systems all around the globe. The alloy is extensively utilized in the construction of bridges, buildings, and other infrastructure, and its manufacture is regarded as one of the major contributions to the nation's GDP. Additionally, steel is used in the construction of automobiles, ships, equipment, the manufacture of fertilizer, etc. Do you know which nation produces the most steel, though?
The world's top producer of steel makes such a significant contribution to global steel production that even if the rest of the world's output were combined, it couldn't surpass that of the top producer.
According to World of Statistics, the top 10 nations in terms of the proportion of steel produced are:
China – 53.9%
India – 6.6%
Japan – 4.8%
America (United States) – 4.3%
3.8% for Russia
3.5% for South Korea.
Europe – 2.0%
1.9% in Turkey
1.8% for Brazil
Iran – 1.6%
Look at the list here:
China produced 92.6 million tonnes (Mt) of steel in April 2023, according to worldsteel.org. Other nations contributed 10.7 Mt from India, 7.2 Mt from Japan, 6.6 Mt from the USA, 6.4 Mt from Russia, 5.7 Mt from South Korea, 3.2 Mt from Germany, 2.8 Mt from Brazil, 2.7 Mt from Turkey, and 3.1 Mt from Iran during the same month this year.
These figures demonstrate that there have been some modifications to the bottom of the list as of April 2023. This is due to the fact that output fluctuates from month to month and that nations with little variation in production volumes may switch places.
It is important to note that China has a significant cost-cutting advantage over the rest of the globe due to its ability to sustain itself without importing any steel for its infrastructure projects. However, China is also the biggest emitter of carbon dioxide, which implies that the industrial superpower is primarily responsible for the rise in global pollution levels.

Related posts

Halo Division to Close, Some Staff to Lose Jobs at Amazon

Admin

The Wizarding World is Reimagined by AI in “The Great Party of Hogwarts”

The government will list SCI’s non-core assets on the stock exchange this month and then invite bids for privatisation

PIL filed in Delhi High Court against RBI, SBI allowing exchange of Rs. 2,000 notes without identification verification

Admin

As the IT sector expands, high-skill gig workers are in high demand; these top skills are highlighted

The gaming industry is becoming a popular career choice, according to the HP India Gaming Landscape Study 2023. Key findings