steel forming machine_steel forming machine

China continues to dominate as the leading steel producer globally, accounting for approximately 55% of the world's total output. India and the United States follow, recording growth rates of 12.6% and 9.8% respectively, while Europe's growth remains more modest at 4.2%. Despite these positive trends, the steel industry still faces numerous challenges, such as environmental concerns and the pressure to adopt sustainable production methods. Fluctuating raw material costs and supply chain disruptions also pose risks. Industry experts advocate for investment in green technologies to align steel production with global sustainability goals.