5 Largest Steel Producing Countries in the World

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1. China

Total crude steel production in 2021 (in millions of tonnes): 1,032.8

Total crude steel production in 2020 (in millions of tonnes): 1,064.7

There is absolutely no competition to China in topping the list of the 15 largest steel producing countries in the world, producing more steel than the other 14 countries combined. China registered a 3% decline in steel production from 2020 to 2021, and there will be an even bigger fall in steel production from 2021 to 2022, mainly because of Covid-19 containing measures implemented by the country which have only recently been implemented. The biggest steel company in the world by production is China Baowu Group while Ansteel Group, another Chinese company, ranks third in the list.

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