In 2023, the global steel industry had 71 reporting countries that produced crude steel. This list included diverse nations such as Algeria, Argentina, Australia, and Austria. Countries like Brazil, Canada, China, and Colombia were also represented in this group. The inclusion of these countries highlighted the global nature of the steel industry.
The significance of these reporting countries was evident as they collectively accounted for approximately 98% of the world’s output of crude steel. Japan and South Korea were among the industrial powerhouses while emerging economies like India and Brazil played a crucial role in shaping the production landscape for steel. Russia, Ukraine, and Belarus underscored the importance of Eastern Europe in the steel sector.
The diversity and reach of these 71 reporting countries emphasized the international scope of production and consumption in the global market. These nations faced different challenges and opportunities in the industry that influenced crude steel production on a worldwide scale.
