As per the latest report published by the World Steel Association (WSA), China has become the largest producer of steel in the world in 2017. As per the report, China accounted for almost 50% of world steel production in the year 2017. The publication provides an overview of various steel industry activities. Information about crude steel production, global steel trade, iron ore production and trade are part of this publication. The World Steel Association (WSA) published in its report that the total world crude steel production was 1691.2 million tonnes in the year 2017.
Steel is considered one of the essential factors in the economic growth of a country. World Steel Association (WSA) formed on 10th July 1967 is an international trade body for iron and steel industry. World Steel Association (WSA) is often abbreviated as worldsteel with its headquarters in Brussels, Belgium. It is a non-profit organization which represents over 160 steel producers in the world including national and regional steel industry associations. Earlier World Steel Association (WSA) was known as International Iron and Steel Institute (IISI). The name of International Iron and Steel Institute (IISI) was changed to World Steel Association (WSA) in October 2008. In April 2006 the organization opened its second office in Beijing, China. The main purpose of this organization is to promote steel and steel industry to the customers. It also publishes a list of the top steel-producing companies every year.
People’s Republic of China (PRC) or China is the world’s most populous country. The population of China is more than 1.4 billion. China is a country in East Asia with Xi Jinping as the President of the country. Xi Jinping belongs to the unitary one-party socialist republic and is the General Secretary of the party. The capital of China is Beijing with Shanghai being the largest city. The currency of China is Renminbi (yuan ¥). China is the third largest country in terms of area. The total area of the country is 9,596,961 sq km (3,705,407 sq mi). The official language of China is Standard Chinese.
