Steel is the world's most popular construction material because of its unique combination of durability, workability, and cost. It's an iron alloy that contains between 0.2 and 2 percent carbon by weight.
According to the World Steel Association, in 2016 global crude steel production reached a high of 1, 628.5 million tonnes. Of this, approximately three-quarters were produced using BOS plants, while EAF facilities accounted for the remaining quarter.
Some of the largest steel producing countries are China, Japan, US, and India. China accounts for roughly 50 percent of this production.
The world's largest steel producers include ArcelorMittal, Hebei Steel Group, Baosteel, POSCO and Nippon Steel.
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