3. India
Production: 89.4 million tonnes
The company that accounts for 10% of the steel production in the world, and hence is the number 1 company in this regard, originated in India. ArcelorMittal was formed with the takeover of Arcelor by Mittal Steel, a company that formed in India in 1989, and has now flourished into a multinational presence. This fact emphasizes how significant steel production in India is.
While it is number 3 on our list of countries that produce the most steel in the world, India fails to be counted as a top exporter of the product, unable to cement a spot even in the top 15 exporters of steel. Its exports amounted to a mere 7.6 million tonnes in 2015.
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