Visualizing Raw Steel Production in 2023
June 20, 2024

By  Article/Editing: Bruno Venditti Graphics/Design: Sam Parker

Visualizing Raw Steel Production in 2023


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Steel is essential for the economy due to its crucial role in infrastructure, construction, manufacturing, and transportation sectors.


This graphic breaks down the estimated global production of raw steel in 2023. The data was sourced from the U.S. Geological Survey as of January 2024.


China Produces More Than Half the World’s Steel


One major issue facing the steel industry is overcapacity in top producer China.


Steel production in China has surpassed demand in recent years, leading to downward pressure on the profit margins of steel mills worldwide.


Historically, China’s troubled real estate sector has accounted for over one-third of the country’s steel consumption. To address this issue, the Chinese government has mandated steel production cuts since 2021.


Far behind China, India is the second-biggest producer of steel, followed by Japan.

Country Region 2023 Production (million tonnes)
🇨🇳 China Asia 1,000
🇮🇳 India Asia 140
🇯🇵 Japan Asia 87
🇺🇸 U.S. North America 80
🇷🇺 Russia Europe 75
🇰🇷 S. Korea Asia 68
🌍 Rest of World 420
Total 1,870

Infinite Recyclability


Steel is an alloy primarily composed of iron ore containing less than 2% carbon, 1% manganese, and other trace elements. It is 1,000 times stronger than iron and can be recycled over and over without sacrificing quality.


Steel is widely used in various industries. It is a fundamental material in construction, providing support through beams, internal structures, and roofing.


Moreover, steel’s corrosion-resistant properties make it ideal for water infrastructure. Stainless steel pipes are the preferred choice for underground water systems, ensuring longevity and purity in water transportation.

Additionally, most canned foods are stored in steel containers for preservation, as steel does not rust.


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October 9, 2025
TORONTO, Oct. 09, 2025 - VVC Exploration Corporation, dba VVC Resources ("VVC" or the "Company") (TSX-V: VVC; OTC: VVCVF) announces that Plateau Helium Corporation ("PHC"), a wholly owned subsidiary of the Company, has completed the purchase of the Ithaca 1-17 well together with approximately five miles of associated pipeline located in Rush county, Kansas in a prolific helium, gas and oil area known as the Central Kansas Uplift (CKU). The acquisition was initiated in April 2025 and PHC took possession in July 2025. As previously disclosed in our May 30, June 26 and September 2025 MD&As, PHC has a 50% operating interest in the well. The CKU Project targets helium-rich natural gas within multiple stacked reservoirs in Rush and Pawnee Counties, Kansas, where PHC has now assembled a meaningful lease position, acquired one producing property (Ithaca 1-17) and associated gas gathering system, and identified multiple development well locations. The acquisition of an existing gas gathering system serves to lower initial development cost while expediting the time needed to commence gas/helium sales and provide cashflow. « Building on a producing asset while securing midstream capacity is a practical way to de-risk our development program in the CKU, » said Bill Kerrigan, President of VVC and PHC. « The Ithaca 1-17 well and pipeline give us a backbone to bring wells online more efficiently. » About VVC Resources VVC engages in the exploration, development, and management of natural resources - specializing in scarce and increasingly valuable materials needed to meet the growing, high-tech demands of industries such as manufacturing, technology, medicine, space travel, and the expanding green economy. Our portfolio includes a diverse set of multi-asset, high-growth projects, comprising: Helium & industrial gas production in western U.S.; Gold & associated metals operations in northern Mexico; and Strategic investments in carbon sequestration and other green energy technologies. VVC is a Canada-based, publicly-traded company on the TSXV (TSX-V:VVC). To learn more, visit our website at: www.vvcresources.com.  Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
September 29, 2025
VVC announces its strategic development of the Central Kansas Uplift ("CKU") Project, an initiative being advanced through VVC’s wholly owned subsidiary, Plateau Helium Corporation ("PHC").
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