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China, India, Japan, the United States, and Russia were the top five steel-producing nations in 2023, in that order, with China the leader by far. China produced around 1 billion tons.
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Global steel use stands at 1.9 billion tons yearly ... U.S. Steel (NYSE:X) $8.5 billion Industry titan that had fallen on hard times but has restructured itself and remains a formidable competitor.