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8 Countries That Produce the Most Steel in the World

Published on December 30, 2016 at 4:39 am by Khadija Muhammad in Lists

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6. South Korea

Production: 69.7 million tonnes

The exports of South Korean steel industry amounted to 31.2 million tonnes in 2015, which is a huge percentage of its production. This may be due to the fact that it is charging a much lower price to fellow nations than it is to the local market. This strategy has been adopted to increase demand for South Korean steel and rival steel sold by China at abominably low rates.

8 Countries That Produce the Most Steel in the World

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