What can be seen from steel production

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In 2007, global steel production reached 1.345 billion tons. China's production of iron, steel, and materials reached 469 million tons, 489 million tons, and 565 million tons, respectively. The share of global steel production increased from 15.0% in 2000 to 36.4% in 2007. In 2007, China's steel production was more than the sum of Japan, the United States, Russia, India, South Korea, Germany, and Ukraine. 

In 2008, China's steel production reached 500 million tons, accounting for 37.3% of global steel production. The latest data from the National Bureau of Statistics shows that from January to November 2009, China's crude steel and pig iron production reached 518.18 and 498.6 million tons respectively, with year-on-year growth of 12.1% and 15.1%, respectively; Affected by the global economic crisis, it is expected that global crude steel production will be around 1.2 billion tons in 2009, a decrease of about 10% compared to 2008; However, China's steel production will continue to grow, with crude steel and pig iron production likely reaching historical records of around 570 million tons and 550 million tons, accounting for over 48% of global production.