Just about everything – from the roof over your head to the device you’re reading this on – contains steel. It is one of the most commonly used materials in the world and has been for quite some time.

World crude steel production added up to about 1.662 billion tons in 2014, based on the 2014 World Crude Steel Production Performances reported by the World Steel Association (worldsteel). Yet despite these numbers, the outlook for the steel industry suggests slow growth for global steel demand, which is mostly a result of the deceleration in China and structural adjustments in most world economies.

Nevertheless, The World Steel Association’s Short Range Outlook (SRO) for 2015 and 2016 notes that even though the growth is expected to be slow, demand is still growing. They forecast that the apparent steel growth will increase by 0.5% in 2015 and 1.4% in 2016. Additionally, in developing and emerging nations, there is an increased optimism for growth, as the steel markets are beginning to exhibit the characteristics of mature markets.

For more information on The World Steel Association’s expected outcomes for 2015 and 2016, click here.

So, which countries claim the spots of the world’s top steel producers for now? Read on to find out and to learn some interesting steel-related facts about each.

5. South Korea

Crude Steel Production: 71 million tons

Interesting Fact:

Rising 270 meters above sea level, The Yi Sun-shin Bridge was opened in 2012 and links the cities of Gwangyang and Yeosu. It is the first suspension bridge to be made solely with Korean state-of-the-art technology and equipment, including 26,000 tons of steel rods and 24,000 tons of steel products. Extending 2,260 meters, it is the longest in Korea and the fourth longest in the world, surpassing even the Golden Gate Bridge. (Source: http://bit.ly/1crFdzx)

4. India

Crude Steel Production: 83.2 million tons

Interesting Fact:

The Lotus Temple, a Bahá’í House of Worship, is one of Delhi’s most iconic architectural feats and was designed in the form of a lotus flower to symbolize the religion’s cornerstones of purity and simplicity. The lotus has three sets of leaves or petals which are made out of thin concrete shells. At the top, a glass and steel roof provides protection from the elements and facilitates the entry of natural light. The temple also utilizes a number of steel reinforcements and structural steel staging. (Source: http://bit.ly/1zWQCTh)

3. United States

Crude Steel Production: 88.3 million tons

Interesting Fact:

In 1943, more than 1 billion pennies were made with steel because the United States was, at the time, engaged in World War II and copper was being rationed to make artillery. Steel pennies weigh 2.70 grams and are fairly lighter than traditional copper Lincoln pennies that weigh 3.11 grams. Today, these pennies are quite popular among coin collectors and are worth about 25-75 cents each. (Source: http://bit.ly/1cooLjx)

2. Japan

Crude Steel Production: 110.7 million tons

Interesting Fact:

Tokyo Tower, a communications and observation tower in Japan’s capital city, was built in 1958. It was constructed of steel, a third of which was scrap metal taken from 90 US tanks damaged in the Korean War. At 4,000 tons, it is significantly lighter than the Eiffel Tower, which weighs 7,000 tons, a result of exceptional advances in construction technology and steel manufacturing. (Source: http://bit.ly/1K3tHbS)

1. China

Crude Steel Production: 822.7 million tons

Interesting Fact:

The Chinese were the first people to combine carbon and iron to make steel. They’ve been making it since the first century BC in blast furnaces powered by the Asian monsoon winds. In recent years, they’ve become the world’s largest producer of steel, and consume twice as much steel as the US, Europe and Japan combined. (Source: http://bit.ly/1KzAKpG)

Production rates according to the World Steel Association (worldsteel) 2014 World Crude Steel Production Performances.

Haeundae Beach, a picturesque stretch of white sand in eastern Busan, is vital to the southern coastal city in that it operates as one of the biggest tourist destinations in Korea. Each summer, millions flock to the beach to soak up the sun, feast on succulent seafood and partake in a number of festivals and watersports.

The district’s landscape has undoubtedly changed over the years, but is more vibrant and dynamic than ever before, boasting a slew of natural, historical and contemporary tourist destinations.

Haeundae’s Most Loved Landmarks

Perhaps one of Haeundae’s most cherished landmarks is Dongbaek Island, which is actually now an extension of the mainland. Shrouded in dongbaek trees and evergreens, the small, lush island is an ideal place to be in the midst of Mother Nature herself.

Nurimaru APEC House (Image source: http://bit.ly/1EWMLWi)

Situated on the tip of Dongbaek Island is the Nurimaru APEC House, which was constructed in preparation for the 17th APEC summit in 2005 and has since become representative of Busan. The building’s roof was designed to complement the curves of the island on which it sits, and it offers impressive views of the district’s coastline.

Yonggungsa Temple (Image source: http://bit.ly/1QlqUM0)

On the opposite end of Haeundae lies Haedong Yonggungsa Temple, which was first built in 1376. This Buddhist temple is not only serene, but is extremely unique in that unlike most Korean temples, which are located in the mountains, it is set on a cliff overlooking the ocean. In addition to Buddha’s Birthday, when the temple is canopied in colorful lanterns, crowds flock here on New Year’s Day to watch the first sunrise of the year.

Another favorite Haeundae hotspot is the Sea Life Busan Aquarium, which is home to about 250 species and 35,000 marine animals. Children and adults of all ages enjoy the regularly scheduled activities and shows, and visitors can even have the chance to scuba dive with sharks in the main tank.

While these are the area’s most recognized destinations, another addition to Haeundae’s sandy shore is in the works and it promises to emerge as a representative landmark, contributing greatly to the area’s tourism industry.

A New Addition to Busan’s Best Beach

On April 17, POSCO E&C (CEO Tae-Hyun Hwang) signed a construction contract for a “Haeundae tourist resort city development project” with LCT PFV, the lead developer of the project, which will include a 101-story tower and two 85-story residential buildings, at an expected total cost of 2.7 trillion won.

The Landmark Tower Residence Hotel will consist of 561 standard units and 260 luxury units, and the two residential towers will accommodate 882 households. The complex will also be a one-stop-shop for all things lifestyle, complete with facilities for leisure, recreation, shopping and business.

POSCO E&C has been selected as the contractor for this project because of its brand value, construction capabilities and straightforward financing. Furthermore, POSCO E&C has a record of completing a number of large urban development projects, such as the Northeast Asia Trade Center in Songdo International City.

CEO Tae-hyun Hwang noted, “Through this project, POSCO E&C will prove its technical skills and construction abilities by perfectly constructing the complex, a future landmark of Busan. Also, we will use this as an opportunity to contribute to the development of the domestic construction business.”

So, the next time you’re in Haeundae enjoying all the wonderful things it has to offer, be sure not to miss any of its iconic destinations and catch a glimpse of the construction project that will most certainly be the city’s next representative landmark.