Crude steel production by month in China 2019-2020
In December 2020, China had produced around 91 million metric tons of crude steel.
Significance of Chinese steel production
Over the past two decades, Chinese steel industry has increased its output significantly and has grown into the world’s largest crude steel producing country, accounting for over half of the world’s production as of 2019. Among the leading ten global steelmakers, six companies were from China in 2019. These large state-owned enterprises have dominated the Chinese steel industry. Baosteel alone had produced around 67.43 million metric tons of raw steel in 2018.
Other natural resources
With a total land area of 9.6 million square kilometers, China is one of the largest countries worldwide and in possession of large mineral deposits. China was by far the leading hard coal producing country worldwide, with a hard coal production volume of almost 3.53 billion metric tons in 2018. As of 2019, China has been the world’s largest aluminum producer with a total smelter production of approximately 36 million metric tons of aluminum, as estimated for China for 2019. Also, China has the world’s largest reserves of zinc, antimony and many other nonferrous metals. Its annual production of rare earths far exceeded the total for the rest of the world since the beginning of the decade.
Significance of Chinese steel production
Over the past two decades, Chinese steel industry has increased its output significantly and has grown into the world’s largest crude steel producing country, accounting for over half of the world’s production as of 2019. Among the leading ten global steelmakers, six companies were from China in 2019. These large state-owned enterprises have dominated the Chinese steel industry. Baosteel alone had produced around 67.43 million metric tons of raw steel in 2018.
Other natural resources
With a total land area of 9.6 million square kilometers, China is one of the largest countries worldwide and in possession of large mineral deposits. China was by far the leading hard coal producing country worldwide, with a hard coal production volume of almost 3.53 billion metric tons in 2018. As of 2019, China has been the world’s largest aluminum producer with a total smelter production of approximately 36 million metric tons of aluminum, as estimated for China for 2019. Also, China has the world’s largest reserves of zinc, antimony and many other nonferrous metals. Its annual production of rare earths far exceeded the total for the rest of the world since the beginning of the decade.
