By Paul Ploumis

SPOKANE (Scrap Monster):  The World Steel Association (worldsteel) has published the 2017 edition of ‘World Steel in Figures’. The yearly publication provides comprehensive overview of latest activities in global steel sector and indications of global trade flows along with key facts and figures for the year 2016.

According to the report, the global steel production has more than tripled from less than 500 million tonnes in 1967 to as high as nearly 1,600 million tonnes in 2016. The new industrializing nations such as Brazil, China, India, Iran and Mexico accounted for much of the steel production growth over the past 50 years. The innovations that have driven the efficiency of steel manufacturing process and level of sustainability standards will continue over the next 50 years, the publication noted.

Top steel-producing countries

The top twenty steel-producing countries in 2016 is listed in the below table. It must be noted that the tonnage is in million tonnes.

Major Steelmakers in the world

The table below lists the top twenty steelmakers of the world during 2016.

Note: Tonnage in million tonnes (Mt)

Major Importers of Steel in 2016

Major Exporters of Steel in 2016

Regions with the highest apparent steel use per capita

About World Steel Association

The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world. worldsteel represents approximately 150 steel producers (including 9 of the world's 10 largest steel companies), national and regional steel industry associations, and steel research institutes. worldsteel members represent around 85% of world steel production.