Where Data Tells the Story
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Most developed countries like the U.S. had already built their basic infrastructure and transitioned to service-based economies before China began to industrialize.
They didn't need the massive steel production capacity that China required for its rapid urbanization and industrialization.
Meanwhile, other developing countries lacked China's combination of government resources, industrial coordination, and sheer scale.
The result is that China essentially became the world's steel producer during its most intensive period of economic development, a position it maintains today even as its growth has moderated.