Steel

China produces approximately 1 billion metric tons of crude steel as of 2020, which accounted for around 57% of the world's total steel production. Other countries that are major steel producers include India, Japan, the United States, Russia, South Korea, and Germany, but China's output is significantly higher than any other country. The global steel industry is a critical component of the world economy, as steel is used in a wide range of industries, including construction, automotive manufacturing, and infrastructure development.