India Is Becoming A New Powerhouse In Global Steel Production ...Middle East

Via AG Metal Miner COVID-19, poor demand, and several other factors caused a drop in steel production worldwide the past few years. This included China, which is not only the biggest steel producer, but one with a massive impact on steel prices. Indeed, according to a report by the World Steel Association, global crude steel production, including semi-finished products, ingots, and liquid steel, fell to 1.89 billion tons in 2022. This is 3.9% less than 1.96 billion tons in 2021. The silver lining, as has become the norm now, was India. While…

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