Steel industry is the cornerstone of the modern economy. The health of the economy can be easily gauged by how well its steel industry is doing. Some of the top steel producers in the world are the USA, China, EU, Russia, India, Indonesia, etc. With the evolution of technology, the steel industry went through its share of change for good.
The production of steel on an industrialized scale began as early as the 1800’s in America and England. When steel was first manufactured in 1820 in Sheffield, England, it ushered in an era of rapid social, economic and industrial development. The invention of the steam engine further fastened the process of steel manufacturing and led to unprecedented economic development.