Steel production has become a yardstick of a country's strength.
Steel is the backbone of industry and the backbone of all industrial powers. Therefore, a country's steel production is a major criterion for measuring a country's strength. But no one expected that the United States, which has always been regarded as the world's largest power, only ranked fourth in steel output. This may explain America's declining decline.
Steel is widely used in infrastructure construction, factory construction, machinery and equipment production and many other industries. Therefore, if any country wants to build a large industry, it must use a lot of steel. Therefore, from the perspective of steel production in various countries, it can also reflect the global economic situation from the side.
China is the country that produces the most steel in the world.
Worldwide, China is undoubtedly in first place. Looking at the real data, China will produce more than one billion tons of steel this year, accounting for 60% of the world's total, far ahead of any other country. This is in line with China's positioning as the "world's factory". China's machinery and electronic equipment now accounts for about 70% of the world's total, and a lot of steel is necessary to produce such a large number of mechanical and electronic equipment. In addition, people have always thought that China's steel production is mainly crude steel, and the output of high-quality and special varieties is relatively low. But today, China has a complete industrial chain, from space stations to aircraft carriers to tunnel boring machines, China can produce its own. Therefore, China's steel industry does not only produce steel, but also has many varieties of high-quality steel and special steel. China's huge production capacity is based on these powerful steel industries.
India is ahead of the West in steel production.
Surprisingly, India has surpassed many Western countries in steel production to become the world's second largest steel producer. India produced about 125 million tonnes of steel in 2022, second only to China and ahead of Japan and the United States. This is not in keeping with our stereotypical image of India's economic backwardness. This is why the West** is trumpeting that India is expected to surpass China and is called the "world's factory". India's fast-growing steel production shows the huge potential for India's industrial development. However, it should be noted that most of the steel produced in India is high-carbon steel, and its performance index cannot be compared with China's. Moreover, its production capacity is only a fraction of that of the Chinese market. India still has a long way to go to catch up with China.
Steel production in Japan and the United States has shown a downward trend across the board.
Japan and the United States, both major powers that have developed since World War II, once owned the world's largest steel producers. But now, they've started to go downhill. Japan produced about 89 million metric tons of steel in 2022, compared to 80 million metric tons in the United States. Ironically, in 1945, the United States was in its heyday in World War II, producing 80 million metric tons of steel. After 70 to 80 years, steel production in the United States has been at a standstill. It is not clear to the Americans themselves whether such a situation will embarrass them.
On steel production in China.
Due to the large amount of steel produced, China is now showing strong strength in many industries. During the War to Resist US Aggression and Aid Korea, China was known as "less steel and more gas" because its industrial strength was too poor. Today, we not only produce a large amount of steel, but also improve the technological level of the industry. This is the foundation for China to be the "factory of the world".
Brief summary. The steel production rankings of countries around the world not only reflect a country's economic strength, but also reflect a country's industrial development. China has the world's largest steel production base and is considered a sign of China's emergence as a global workshop. Moreover, India is stronger than many Western countries in the production of steel, which shows that the Indian industry has great prospects for development. However, there has been a significant decline in steel production in Japan and the United States, which may be the difficulty they face in developing their industries. China's steel production plays a pivotal role in the development of a country, and it is also a strong guarantee for the development of China's national economy. We believe that the competition in the world steel market will continue to intensify in the future, and all countries will occupy a greater position in the world economy by increasing productivity.