| The world produced and consumed close to 1,535 million metric tons of crude steel in the year 2015. Emerging economies are quickly climbing the production graph, with some of them having as much as 50% share in gross production of crude steel.
Colossal leaps in technology, rise in basic income levels, and dynamic geo-political and politico-economic factors are partly contributing to the surge in demand which in turn is forcing nations to increase productionand, in some cases, create an excess... |