5 Largest Pig Iron Producing Countries

4. Russia

Production of Pig Iron in 2022: 50 million tons

Russia was the largest exporter of pig iron in the world in 2021, when exports stood at $2.04 billion, but this number has since declined significantly following sanctions from the U.S. and other countries. Russia has one of the largest iron reserves in the world and most of its deposits are around Siberia and the Urals. Novolipetsk Steel, with a workforce of over 60,000, is a notable company in the Russian iron and steel market.