8. Brazil
Production: 33.3 million tonnes
The installed capacity in Brazil for crude steel production is a little less than 50 million tonnes. Compared to the production figure, it is quite clear that the industry has the potential to grow but like other nations, the lessening demand has Brazil cutting down on production. Since 2011, when the corresponding figure was 35.2 million tonnes, production has been decreasing at a slow and steady rate to the number we see today.
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