CURRENT AFFAIRS

Detailed explanation-1: -India’s steel production has reached a historic level of 120 million tonnes per year making it the world’s second-largest producer of Steel, the government informed the Rajya Sabha.

Detailed explanation-2: -India has emerged as the second-largest producer of crude steel by replacing Japan. The biggest steel producing country is currently China, which accounted for 57% of world steel production.

Detailed explanation-3: -In 2021, China’s Baowu Group was ranked as the world’s largest steel producer. China Baowu Group produced around 120 million metric tons of crude steel that year, around 40 million metric tons more than ArcelorMittal, which was second in the ranking.

Detailed explanation-4: -The correct answer is China. World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 161.0 million tonnes (Mt) in March 2022, a 5.8% decrease compared to March 2021. China produced 88.3 Mt in March 2022 and is at the top in steel production in the world.