China becomes world’s largest steel producer in 2017

China has remained the world’s largest steel producer in 2017 by producing 831.7 million tonnes (MT), according to a latest report published by World Steel Association (WSA). Japan has acquired 2nd position while India overtook the US to become the world’s 3rd largest steel producer. India’s crude steel production grew by 6.2% to 101.4 MT in 2017 compared to 95.5 MT in 2016. The Global steel production reached 1,691.2 MT for the year 2017, up by 5.3% compared to 2016 when the output was 1,606.3 MT. The WSA is one of the largest industry associations in the world. Its members represent approximately 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.