where does the majority of steel come from
List of countries by steel production In 2017, total world crude steel production was 1,691.2 million tonnes (Mt). The biggest steel producing country is currently China, which accounted for 49.2% of world steel production in 2017.[1] In 2008, 2009, 2015 and 2016 output fell in the majority of steel-producing countries as a result of the global recession. In 2010 and 2017, it started to rise again.
Iron(III) oxide Iron(III) oxide or ferric oxide is the inorganic compound with the formula Fe2O3. It is one of the three main oxides of iron, the other two being iron(II) oxide (FeO), which is rare, and iron(II,III) oxide (Fe3O4), which also occurs naturally as the mineral magnetite. As the mineral known as hematite, Fe2O3 is the main source of iron for the steel industry. Fe2O3 is ferromagnetic,[citation needed] dark red, and readily attacked by acids. Iron(III) oxide is often called rust, and is acidic in nature and to some extent this label is useful, because rust shares several properties and has a similar composition. To a chemist, rust is considered an ill-defined material, described as hydrated ferric oxide.[citation needed]