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EU steel sector

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The European Union, producing 193 million tonnes of crude steel, accounts for 18% of world production. China is the largest producer with 272 million tonnes (26% of world production), followed by Japan with 113 million tonnes and the USA with 99 million tonnes. The value of the annual EU steel production is estimated at EUR 21 billion, representing more than 1% of the Union’s GDP. Employment in the steel sector has contracted steadily over the years, so much so that from 1 million people working in the sector in 1970 there are now just 347,000 employed which represent less than 1.5% of the total employment in EU manufacturing industries.

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