CURRENT AFFAIRS

Detailed explanation-1: -Notes: As per latest report of the World Steel Association (WSA), China is the largest producer of crude steel accounting for more than 51% of production. While, India has replaced Japan as world’s second largest steel producing country.

Detailed explanation-2: -China as the global leader With a recorded 99.5 million metric tons of crude steel yield, May 2021 remains the highest production peak for China to date.

Detailed explanation-3: -The biggest steel producing country is currently China, which accounted for 57% of world steel production.

Detailed explanation-4: -Top 10 steel-producing countries China produced an estimated 81.7 Mt in January 2022, down 11.2% on January 2021. India produced 10.8 Mt, up 4.7%. Japan produced 7.8 Mt, down 2.1%. The United States produced 7.3 Mt, up 4.2%.

Detailed explanation-5: -Global crude steel production fell 4.2% annually to 1.9 billion tons in 2022, according to World Steel Association (worldsteel) data released on Tuesday.