Ranked: The Largest Steel-Producing Countries in the World
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Key Takeaways
- China produces about one billion tonnes of steel each year, with the vast majority remaining in the country.
- At 149 million tonnes in steel production in 2024, India ranks in second—led by the Tata Steel Group, valued at roughly $23 billion.
- Nippon Steel, the largest steelmaker in Japan, has pushed for anti-dumping policies for Chinese steel imports due to their impact on the company’s profit margins.
Following massive stimulus after the global financial crisis, China grew to produce more than half of global steel production by 2015.
Fast forward to today, and it produces more than all other countries combined. For perspective, China Baowu Group, the largest steelmaker worldwide, produced 130.1 million tonnes of steel alone in 2024—more than nearly every other country.
This graphic shows the world’s largest steel-producing countries, based on data from the World Steel Association.
The Top 10 Steel-Producing Countries in 2024
Below, we show top 10 steel producers by country, highlighting China’s unrivaled dominance:
| Rank | Country | Crude Steel Production (Million Tonnes 2024) |
|---|---|---|
| 1 |  China |
1005.1 |
| 2 |  India |
149.4 |
| 3 |  Japan |
84.0 |
| 4 |  United States |
79.5 |
| 5 |  Russia |
71.0 |
| 6 |  South Korea |
63.6 |
| 7 |  Germany |
37.2 |
| 8 |  Türkiye |
36.9 |
| 9 |  Brazil |
33.8 |
| 10 |  Iran |
31.4 |
 Rest of World |
292.6 | |
 World |
1884.6 |
With over one billion tonnes of steel produced last year, China’s lead is nearly tenfold the second-highest country.
In recent years, China has aimed to curb “blind expansion” in the industry. As part of this, it has urged companies to not produce steel without an order, at a loss, or without a confirmed payment. Going further, Beijing announced it plans to cut steel output, with some estimating a reduction of up to 50 million tonnes this year.
With 149.4 million tonnes of steel production, India follows next. In 2024, Tata Steel Group was the world’s tenth-largest steelmaker, producing over 31 million tonnes. Driven by a surge in infrastructure investment, India’s steel consumption rose 8% last year and is expected to maintain a similar growth rate in 2025.
Japan takes third place with 84 million tonnes, led by Nippon Steel, while the U.S. follows closely with 79.5 million tonnes.
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