Metal production in Europe, United States, everything you need to know about steel in 2024

23 octobre 2025

What are the largest steel-producing countries in the world?

  • China: 819 million tons of steel.
  • India: 140.7 million tons.
  • Japan: 86.9 million tons.
  • United States: 81.3 million tons.
  • Russia: 76 million tons of steel.
  • South Korea: 66.6 million tons.

In 2024, China remains the leader in global steel production steel, while India continues its rise and other major producers, such as Japan, the United States, Russia, and South Korea, maintain their stability.

These nations will likely continue to play a key role in the market, facing economic and environmental challenges. The future of the steel industry will rely on innovation, sustainability, and international cooperation.

In 2024, China remains the largest steel producer with 819 million tons, accounting for nearly half of global production, followed by India with 140.7 million tons, Japan with 86.9 million tons, and the United States producing 81.3 million tons.

Who produces steel in Europe?

The steel company ArcelorMittal, based in Luxembourg, produced more than 79 million tons of crude steel and ranks behind the Chinese group China Bao Wu, which produced nearly 120 million tons. Moreover, in France, the majority of companies source from ArcelorMittal.

Which country produces the best steel in the world?

 

Steel is an extremely important material and its quality can vary significantly depending on the manufacturer. The highest quality steel in the world is produced by companies from Japan, Germany, and the United States. 

Impact of Donald Trump's Policies on Steel Trade: Tariffs and Economic Consequences

Regarding steel from the United States, the election of Donald Trump caused significant changes in international trade. Particularly concerning steel imports and exports. Under his presidency, the United States imposed tariffs on steel and aluminum from several countries, aiming to protect the domestic industry. This decision aimed to reduce imports and encourage local production.

What are the most commonly used steels?

Stainless steel

Stainless steel is the most commonly used metal for making kitchen utensils, but it is also used in the food industry, architecture, the medical sector, automotive, energy, and chemistry. It is valued for its corrosion resistance, durability, and aesthetics, particularly in jewelry and accessories 

Raw steel

Raw steel is the steel produced directly after the smelting of iron ore, before any processing or refining. It is a metal in the form of ingots, slabs, or billets, which must then undergo various treatments (such as melting, rolling, or alloying) to obtain steel intended for different industrial applications. 

It is transformed into finished products such as beams, sheets, pipes, rebar, and many other essential components in construction, automotive, aerospace, manufacturing of equipment and infrastructure, as well as in the production of appliances and machines. It is a crucial raw material for modern industry.

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