Countries by Crude Steel Production 2024

About This Dataset

Countries ranked by total crude steel produced in 2024, measured in millions of metric tons according to the World Steel Association. China produces over half of the world's entire steel output — more than 1,000 million tons annually — a dominance that has transformed global commodity markets, suppressed steel prices worldwide, and generated persistent trade disputes with Europe, the United States, and other steel-producing nations who struggle to compete with Chinese state-subsidised production.

✨ AI Insight

China's crude steel production in 2024 stands at an impressive 1,019 million metric tons, accounting for more than half of the global output. This dominance not only reflects China's industrial capacity but also its strategic investments and state support, which have led to lower production costs. In stark contrast, India, the second-largest producer, manages only 143 million metric tons, highlighting a significant gap of 876 million tons. Other countries like Japan and the United States produce 88 and 81 million metric tons respectively, further illustrating the disparity in steel production capabilities. This concentration of production raises ongoing concerns about global market stability and trade relations, particularly with countries affected by China's pricing strategies.

Source: Wikipedia

Key Findings

Auto-computed highlights from this dataset

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China leads with 1,019 in 2024.

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Average value in 2024: 193 · median: 79.

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Gap in 2024: China is 29.1× larger than Turkey.