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Global steel production in the first half of 2023 decreased by 1.1%, with African production led by South Africa, Libya, and Tunisia showing a 4.1% increase during the same period.
Megatrends such as urbanisation, technological progress, and climate change will shape the future of the global steel industry, requiring adaptation and investment in innovation and sustainability.
Steel is widely used in mining due to its durability and corrosion resistance. It is used for tools, equipment, infrastructure, machinery, grinding balls, railway lines, and high-strength plates.