In the framework of this policy, he strongly recommended that companies not to produce steel without order/on the warehouse, at a loss or without confirmed payment. Moreover, Beijing announced plans to reduce steel production, and, according to some estimates, this year the reduction will be up to 50 million tons.
, India with a production volume of 149.4 million tons of steel is following. In 2024, Tata Steel Group ranked tenth in the world for steel production, producing more than 31 million tons. Due to the sharp increase in investment in infrastructure, steel consumption in India grew by 8% last year and is expected to retain similar growth rates in 2025.
, Japan from 84 million tons, headed by Nippon Steel, is followed by the United States and Russia.
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