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Global Steel Production Trends: MDC Dominance and China's Growth

In 2002, about 60% of global steel production was concentrated in More Developed Countries (MDCs), a significant drop from 90% in 1973. China's steel manufacturing has witnessed remarkable growth in recent years, reshaping the global industry landscape.

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Global Steel Production Trends: MDC Dominance and China's Growth

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  1. About 60% of global steel production takes place in MDCs in 2002, compared to 90% in 1973. Growth of steel manufacturing in China has been especially dramatic.

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