More than 70% of the World Steel is produced using Coal

Production of Steel takes place via two main routes:  BF-BOF route i.e. the blast furnace-basic oxygen furnace route and electric arc furnace or EAF route. The BF-BOF route accounts for 71% of the steel produced, whilst the EAF route accounts for 29% of the steel produced in the world.

Coal being a reducing agent serves as the key raw material for the production of pig iron during the blast furnace iron-making process. Although 54% of the steel produced in India is produced via the EF/EIF route, the majority of steel produced in the world (around 70%) is through the BF-BOF route using coal.

Each tonne of steel produced via the BF-BOF route requires about 0.77 tonnes of coal.

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Brazil and Australia accounts for the major production of iron ore worldwide. As of 2020, Brazil had reserves of 34 billion metric tons of crude ore whereas Australia has about 50 bilion tons of crude ore.
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