Vietnam
Vietnam made 19.0 million tons of steel in 2023. This was less than before because of unstable markets and a weak global economy. Vietnam’s steel companies benefit from strong local demand and infrastructure projects.
However, the industry faces challenges like supply and competition from imports. This shows Vietnam needs to make strategic moves to improve productivity and quality. More policy changes and technology upgrades seem key to putting Vietnam’s steel industry on a sustainable long-term growth path.
World’s Biggest Steel-Producing Countries
Major Steel-Producing Nations: China is the biggest crude steel producer in the world. Steel production is at the core of the modern world economy, and several countries play a key role in meeting the world’s demand of this indispensable good. From building infrastructure to producing and transporting, steel is a key factor in the industrial chain around the world.
Knowing the dynamics of steel production in the major steel-producing nations would help provide a better grasp of the economic growth status, technologies and market in these nations and worldwide.
Table of Content
- 1. China
- 2. India
- 3. Japan
- 4. United States
- 5. Russia
- 6. South Korea
- 7. Germany
- 8. Turkey
- 9. Brazil
- 10. Iran
- 11. Italy
- 12. Vietnam
- 13. Taiwan
- 14. Mexico
- 15. Indonesia