In 1900, the United States was producing 37% of the world's steel, but with post war industrial development in Asia and centralised investment by China, by 2017 China alone accounted for 50%, with Europe (including the former Soviet Union) down to 24% and North America down to 6%.
In 1900, the United States produced 37% of the world's steel, but post-war industrial development in Asia and centralized investment by China led to a shift where by 2017, China alone accounted for 50%, while Europe (including the former Soviet Union) dropped to 24% and North America to 6%.