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China's Dominance in the Global Steel Industry
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China dominates the global steel industry, accounting for over 66 million metric tons in exports, with Baowu Group being the largest crude steel producer. Steel consumption worldwide totaled almost 503.5 million metric tons in 2021.
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How does the use of steel in various sectors impact the economy?
What are the potential implications of the high steel consumption worldwide?
What factors contribute to China's dominance in the global steel industry?
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