Largest steel producers in the world

Largest steel producers in the world. 11 Continuously-cast steel output, 2021 to 2023. 42 45 44 Jiuquan Steel China 9. Germany They employed a total of 581,439 people in 2021. 64M tons of global crude steel output, POSCO is the world’s 7th largest steel producer (2022) May 22, 2016 · The world of steel has been reigning by umpteenth steel manufacturers, though it's the vision of many steel industries to become the top leader in the world, fronting in the top list are those who made the immense effort and endeavor. With POSCO and Hyundai Steel Co. 02 48 47 Jinxi Steel China 7. Jun 14, 2024 · China Baowu Steel Group is the largest steel producer in the world, with a production capacity of over 130 million tonnes per year. United States 9. China is the largest consumer of iron ore, used to feed its steel industry. com INTRODUCTION. Dec 1, 2022 · Chile is the top copper producer in the world, with 27% of global copper production. 31 3. Due to the outrageously high surge in energy prices, ArcelorMittal is shutting down one of the two existing blast furnaces at its steelworks plant in Bremen Aug 6, 2024 · The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country. May 9, 2024 · Largest Steel Producer in the World – China. org. Check the top 7 largest steel producing companies of the World below. China, India, Japan, the United States and Russia make up the leading five countries among the world’s largest steel producers, according to the World Steel Association (worldsteel). Basic Statistic Largest steel producers worldwide based on production volume 2022 May 13, 2024 · Top 10 Stainless Steel Manufacturers in the World. In July of 2022, the steel production in Brazil remained the same at 2800 thousand tonnes in August from 2800 thousand tonnes. 8 million metric tons of crude steel that year, around 63 million Which country is the biggest producer of steel? China is by far the biggest producer of steel. 0 million tonnes, 9th largest steel producer. (6) Including Dexin Steel since 2020. With 1. The biggest steel producing country is currently China, which accounted for 54% of world steel production in 2023. Data from the World Steel Association reveals that in 2022, China Dec 23, 2022 · Thanks to government support and private companies, India has recently surpassed Japan to become the world’s second-largest producer of crude steel. In 2021, the country produced 1,032. The article summarizes the world steel production by country. S. In fact, she was the third fastest growing steel producer in the world between 2020 and 2021. Electricity and heat production are the largest contributors to global emissions. Sep 27, 2023 · This article summarizes world steel production by company. This is a list of the largest steel-producing companies in the world mostly based on the list by the World Steel Association. Each of them shapes the market and controls a large share of it. 84 million metric tons last year. China Baowu Steel Group Corporation. However, many of the steel companies outside of the top five are absent from the list. Jun 28, 2024 · In 2022, China was the world leader in steel production, accounting for over half of the global production. Headquartered in Brussels, Belgium , worldsteel is a non-profit organization and each year publishes a list of the largest producing companies in the field. 98 47 52 Erdemir Group Türkiye 7. 7 percent of global output from January to April and importing a record 210 million tonnes of iron ore over the same period. 4 billion metric tons in 2010, from 1. (4) Includes NIPPON STEEL Stainless Steel Corporation, Sanyo Special Steel, Ovako, 40% AM/NS India and 31. 50 million tons of different steel Gerdau is a major producer of long steel in the Americas and one of the world's largest suppliers of specialty steel. [ID Sep 5, 2022 · The second-largest steel producer in the world, ArcelorMittal, is the most recent business name to announce the closure of a factory in Europe as a result of rising gas and energy prices. Oct 25, 2022 · World crude steel production was 151. With the emerging world expected to account for 72% In FY23, exports and imports of finished steel stood at 6. Most iron and steel in the United States is now made from iron and steel scrap, rather than iron ore. 1 million tonnes (Mt) in May 2024, a 1. Here is a comprehensive list of the top 10 stainless steel May 3, 2024 · In 2023, mine production of ilmenite in the East Asian country reached about 3. 4 Sustainability Indicators of the steel industry. Jun 7, 2023 · He mentioned that India has set the targets of achieving the total crude steel capacity of 300 MTPA and total crude steel demand/production of 255 MTPA by 2030-31. 89. The company’s extensive Jul 16, 2024 · Japan is also one of the largest steel exporters in the world. India is home to the fifth-highest reserves of iron ore in the world. 5. Total crude steel production in 2020 (in millions of tonnes): 29. 2 (mmt), followed by Japan at 5. Application Insights. 36 106 106 Eastran Special Steel China 3. 0% of the overall market Sep 26, 2019 · Steel is a basic product in our daily lives and is essential for economic growth. [ 17 ] May 22, 2024 · World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 155. dollars, dwarfing all other companies as the world’s largest iron and steel company in terms of revenue, including Largest steel producers worldwide based on production volume 2022; Sales revenue of the world's largest steel companies 2023; Sales revenue of ArcelorMittal 2006-2023; POSCO consolidated revenue World crude steel production, 1950 to 2021 Top steel-producing companies, 2021 Major steel-producing countries, 2021 and 2020 Crude steel production by process, 2021 Continuously-cast steel output, 2019 to 2021 Monthly crude steel production, 2018 to 2021 STEEL USE Steel production and use: geographical distribution, 2011 Steel production and The China-based steelmaker, Baowu Group, was the world’s largest crude steel producer in 2022, with an output of almost 131. Jul 17, 2023 · Brazil: 34. 79 9. (NASDAQ:STLD). 23 MT), preceded by China as the largest steel consumer as per World Steel Association. 7% during this five-year period. 32 MT, respectively. 35 108 107 Xuzhou Steel China: 3. 20 111 110 Jul 6, 2024 · In 2023, the global steel production picture remained broadly stable, with China maintaining its dominance as the world's largest steel producer, producing a steady 1,019. In 1967, the World Steel Association’s first recorded year of steel production figures, China only produced an estimated 14 million tonnes, making up barely 3% of global As you are reading this you are likely to be in your office or working at a desk in your home. World 1 864. (NYSE:CLF), Commercial Metals Company (NYSE:CMC) and Steel Dynamics, Inc. Census Bureau data, steel producers recorded $29. Jun 3, 2021 · The World Steel Association (worldsteel) has published the 2021 edition of World Steel in Figures. With a presence in over 50 countries and manufacturing operations in 26, Tata Steel is a leader in the global steel industry. Iran. 1 million metric tons in 2022. India saw a significant increase in steel production, up 12. 7 MT and 6. 97 MT in 2017-18 to 154. 013 kt of crude steel in 2021, surpassing India, Japan, and the United States combined, its growth is fueled by construction demand. 8 57. In April 2024 exports of finished steel stood at 5. May 13, 2024 · A total of 34 million tons of crude steel are produced by Tata Steel each year, making it one of the top steel producers in the world. Capacity for domestic crude steel expanded from 137. Nippon Steel Trading Co. It was followed closely by the World crude steel production, 1950 to 2022 Top steel-producing companies, 2022 Major steel-producing countries, 2021 and 2022 Crude steel production by process, 2022 Continuously-cast steel output, 2020 to 2022 Monthly crude steel production, 2019 to 2022 STEEL USE Steel production and use: geographical distribution, 2012 Steel production and Oct 5, 2022 · Together, Australia and Brazil dominate the world’s iron ore exports, each having about one-third of total exports. May 17, 2022 · Based on 2020 volumes, the United States ranked as the world’s fourth-largest steel producing country, second-largest steel importer, and twentieth-largest steel exporter. Top producers by volume. In addition, the country is home to the two largest mines in the world, Escondida and Collahuasi. (3) Including Benxi Steel tonnage since 2021. Total crude steel production in 2021 (in millions of tonnes): 28. 2022/2021 top steel-producing companies: Mt thyssenkrupp Germany 9. In FY22, India exported 11. 3 percent (99. 9 billion tons (Gt). (7) Former Valin Group. By 2030-31, it is also envisaged to enhance the operational capacity of crude steel production of SAIL from existing 19. 93 11. Chile is followed by another South American country, Peru, responsible for 10% of global production. 6 million metric tons, up by 7. In second place that year was India with a modest 118. The five largest steel producing companies (ArcelorMittal, Baowu, Nippon, HBIS and POSCO) have at least one project on the Tracker’s list. 65 MTPA tentatively. The capacity for producing steel has grown concurrently, and the rise has been largely organic. 3 million metric tons. The country’s steel production is driven by demand from sectors like construction, infrastructure development, and automotive manufacturing. 4% USIMINAS. 3 2019 2020 Crude Jun 20, 2024 · Tata Steel Limited – Top 10 Steel companies in India. This is a list of the largest steel-producing companies in the world mostly based on the list by the World Steel Association. . The company is an integrated steel manufacturing company. While Türkiye was the world’s 10th biggest steel producer in 2001, she has become the 7th biggest producer globally and largest steel producer in Europe in 2020. But this is not the same everywhere. There are 26 electric arc furnace mill plants in the country. 6 million metric tons Mar 18, 2024 · In context of America, Nucor is at the top of the steel game, boasting assets worth a cool $32. Producing 118. Jun 10, 2021 · Seven out of the ten biggest steel producing countries have initiated at least one green steel project. 49 MT and 8. India ranked a distant second at 5. Although China dominates the world’s steel production with more than a 54% share today, this hasn’t always been the case. 43 7. Shanghai Baosteel Group ArcelorMittal is one of the world’s leading integrated steel and mining companies. List of the largest steel industry companies. Discover the latest trends and data on the global steel industry in World Steel in Figures 2023, a comprehensive report by worldsteel. The Company’s manufacturing assets are spread across India, the Netherlands, the UK, and Thailand. Dec 19, 2023 · The world's largest 15 crude steel producers in 2022, by production volume (in million metric tons) Premium Statistic Apparent steel use in India 2016-2022 Mar 17, 2024 · Production has increased by 75% since 2008, while domestic steel demand has increased by almost 80%. (5) Including Eastern Steel tonnage since 2020. being the biggest producers of South-Korean steel, the exports have reached nearly 30. 2021 Top steel-producing companies Tonnage in million metric tonnes, crude steel production Longteng Special Steel China 3. Jan 19, 2018 · Other major steel producing countries in Asia include Japan, which produced 104. Jun 21, 2024 · World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 165. The largest steel producing company is ArcelorMittal of Luxembourg. As of April 2022, India was the world’s second-largest producer of crude steel. China Baowu Steel Group, headquartered in Shanghai, is the largest steel producer in the world. 43 MMT during the period under review – earning itself the second slot in the list of the world’s biggest steel producers. 2 million metric tons of steel in 2021, domestic production has increased a whopping 75% since 2018, which is a testament to the “Make In India” scheme run by the government Largest Steel Producers in the World. There is a plethora of manufacturers all around the world. 1 million tonnes. 1% decrease compared to January 2021. Steel production: 1,032,790 kt. 04 43 43 Steel Dynamics, Inc. This company was created following the merger of Arcelor and Mittal in 2006. Check it out. Oct 11, 2022 · Together, Australia and Brazil dominate the world’s iron ore exports, each having about one-third of total exports. It is also investing in iron ore See full list on visualcapitalist. China, the world’s largest steel producer, held 52. In FY24, the exports and imports of finished steel stood at 7. 3 mmt). China’s dominance has made it the top May 30, 2016 · Six Indian companies figure in a list of the world's top 94 steel producers compiled by the World Steel Association , a Brussels based non-profit industry group. Aug 14, 2023 · A potential combination of the two companies will create the largest steel producer in North America and the 10th largest steel producer in the world, KeyBanc Capital Markets said in a note Sep 19, 2016 · Nippon Steel & Sumitomo Metal Corporation is the world’s 3rd largest steel producer by volume as of 2015. 4% from the prior year; and South Korea, which produced 68. The transformer segment held the largest revenue share of more than 52. According to U. 7 billion U. 51 MTPA to around 35. Aug 22, 2024 · The World Steel Association (worldsteel) is one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country. Luxembourg-based ArcelorMittal SA is the largest steel company in the world (by revenue). companies: 9,432 total market cap: $108. 7 World crude steel production, 1950 to 2023. It is a publicly-traded company listed on the New York, São Paulo, and Madrid stock exchanges. 1 -0. 36 3. Like to know more about it and find out who uses it and which country produces the most steel in the world? Here is a list of the 10 biggest steel-producing countries in 2017: China: 831,728,000 tonnes; Japan: 104,661,000 tonnes; India: 101,455,000 tonnes In the next 20 years, Türkiye realized a major production and export boom. 0% decrease compared to April 2023. The makers of the world’s largest stainless steel are listed in the table below. The ten largest steel producers in the world are China, India, Japan, the United States, Russia, South Korea, Turkey, Germany, Brazil, and Iran. We recently issued our April Short Range Outlook in the shadow of the human and economic tragedy taking place in Ukraine; we hope peace will Jul 9, 2023 · Who rules the steel industry: the top 50 steel producers . 9 LMT. May 18, 2023 · China’s Meteoric Rise in Steel Production. 3% to 140. Overview: Founded in 1907, Tata Steel is one of the most geographically diversified steel producers in the world. The industry produced 29 million metric tons of pig iron and 88 million tons of steel. Here is the list of top 10 largest steel producing companies in the world. Feb 22, 2022 · World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 155. , Ltd. 93 44 48 Donghai Special Steel China 9. 4 billion ($51. The company reported revenues of $76,571 million for the fiscal year ended December 2021 (FY2021), an increase of 43. 7% increase compared to September 2021. 45 110 105 Rongxin Steel China 3. It was capitalized at $1. 7 million tonnes (Mt) in December 2021, a 3. 1 53. 1 5. In particular, China Baowu Group, the world's larger steel maker, produced 131. ArcelorMittal . 9 Major steel-producing countries, 2022 and 2023. Jan 25, 2024 · World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 135. 7. 8 million tonnes, strengthening its position as the world's second largest steel producer May 22, 2024 · As of 2023, Shanghai-based Baowu reported revenue of almost 161. 1 percent (996. 9 percent 111. Jun 22, 2021 · World crude steel production for the 64 countries reporting to worldsteel was 174. 10 Crude steel production by process, 2023. ArcelorMittal is the largest steel producer in the Americas and Europe, second largest in Africa and the sixth largest steel producer in the CIS region and has a smaller but growing presence in Asia. 07 3. The customer, on the other hand, must be aware of his requirements before making a purchase. Aug 18, 2024 · Turkey is the 8th largest steel producer in the world and the 1st largest in Europe with the production of over 35. 103 trillion. ArcelorMittal ArcelorMittal, who operates in more than 60 countries, is headquartered in Avenue de la Liberte, Luxembourg. 1 lakh metric tonnes (LMT), while imports stood at 5. Steel production is overwhelmingly concentrated in a few countries. 7 percent (87. top ten crude steel producing countries in 2019. The world's top 15 steel-producing countries account for over 90% of the global output. 3. 3 billion today), [ 16 ] making it the world's first billion-dollar corporation. Jan 31, 2023 · World crude steel production was 140. 0 million tonnes (Mt) in January 2022, a 6. 5 84. 8 billion tons of steel a year, releasing nearly twice that weight in carbon dioxide into the atmosphere. Jul 21, 2021 · The world produces more than 1. 15 3. 3 Foreword. [5] It is ranked 197th in the 2022 Fortune Global 500 ranking of the world's largest corporations. So, who is the biggest producer of steel in the world? 10) ThyssenKrupp ThyssenKrupp, one of the biggest industrial concerns in Germany, officially began working on March 17, 1999. 9% of global production in 2022. 73 8. (NYSE:MT) also became the second largest steel producer in the world in 2022 when it produced 88 million tonnes of steel. The nation is also the fourth largest exporter of crude steel in the world. The Top For instance, in May 2021, JSW Steel and JFE Steel Corporation signed an MoU to begin a feasibility study for establishing a joint venture company in India for manufacturing and sales of electrical steel sheets in the country. 14 MT of finished steel. 65 10. has some major steel producers as well, including Cleveland-Cliffs Inc. 5 58 5 69. 9 e - annual figure estimated using partial data or non-worldsteel resources. 01 8. 4 million tonnes (Mt) in May 2021. According to the latest data published by the World Steel Association, the list of the world's top steelmakers has seen some minor reshuffling in 2023 compared to 2022. 3 mmt), the U. Dec 19, 2023 · 1. Jan 3, 2024 · The world's largest 15 crude steel producers in 2022, by production volume (in million metric tons) Premium Statistic Largest steel producers in mainland China 2022, based on production volume Nov 16, 2022 · ArcelorMittal S. 75 46 49 Jindal Steel and Power Ltd (JSPL) India 8. The following companies are the largest steel producers in the world according to the annual volume produced. Take a moment to look around you. The market capitalization sometimes referred as Market Cap, indicates the value of a publicly listed company. In 1967, the World Steel Association’s first recorded year of steel production figures, China only produced an estimated 14 million tonnes, making up barely 3% of global Jul 26, 2011 · Crude steel production rose to 1. at 4. Oct 30, 2023 · Being in the 9 th position, Brazil has become the largest steel producer nation in the world. 7 million tonnes (Mt) in April 2024, a 5. Tata Steel group, the largest of all Indian entities, has been placed 10th in the 2015 World Steel report , which ranks Luxembourg-based ArcelorMittal as the largest global producer of Tata Steel is one of the most diversified integrated steel producers in the world, with an annual crude steel production capacity of 35 MTPA. 46 49 57 Feb 3, 2023 · 10. 10 million tons Jul 11, 2023 · China is the largest producer of steel in the world and accounted for approximately half of the world's output in 2022. , one of the largest steel producers in the world, is dedicated to providing various industries with steel products and services. 479 billion. 8 million The Global Steel Plant Tracker (GSPT) provides information on global crude iron and steel production plants, and includes every plant currently operating with a capacity of five hundred thousand tonnes per year (ttpa) or more of crude iron or steel. Brazil’s largest steel producer includes CSN, USIMINAS, and Gerdau. worldsteel has published the 2021 edition of World Steel in Figures. The list ranks steelmakers by volume of steel production in millions of tons over time and includes all steelmakers with production over 10 million in 2021. At one time, U. A. 8 million tons of steel. China is the world’s largest steel producing country, accounting for over half of global 2019 production at 53. 8 ArcelorMittal is the second largest steel producer in the world, with an annual crude steel production of 78 million metric tonnes as of 2022. Apr 25, 2017 · Biggest Steel Producing Companies In The World . 06 MT in 2021-22, Compounded Annual Growth Rate (CAGR) of 3. 7 million tonnes (Mt) in December 2023, a 5. China, holding the top position, leads the global steel production with an astounding output of 1,032,790 ktǂ. 596 T Top 220 largest Companies in the Steel industry in the World by Market Cap. * The world total production figure in this table includes estimates of other countries that only report annually. 8 million metric tons in 2016, a decline of 0. 21 2. 29 3. The company has 232, 000 employees and it produces 10% of the world’s steel. 5% increase compared to May 2023. It’s probably the case that everything – and I Feb 3, 2023 · The most commonly used metal in the world, total steel production in 2021 amounted to 1,951 million tonnes, with the largest steel producing country in the world alone responsible for more than 50 Dr Edwin Basson – Director General. It was formed in 2006 by the merger of Arcelor and Mittal Steel. 1 million metric tons of titanium dioxide content, nearly doubling the production of Mozambique, the second-largest Dec 14, 2023 · The World Steel Association (worldsteel)’s Steel Statistical Yearbook presents a cross-section of steel industry statistics. has set up a joint venture with 3 Indonesian local companies to produce 120,000 tons of sheet steel for the automotive industry. ArcelorMittal from Luxembourg is the second-largest steel producer, with a production capacity of over 68 million tonnes. Tonnage is expressed in million tonnes (Mt). On top of this, the firm's diverse global mine May 21, 2010 · China's steel industry is the biggest in the world, producing 45. 3% from 2015; India — who saw the largest growth among the top steel producing countries from this list — where crude steel production for the year was 95. And its major buyers are China, the US and Japan. Surprisingly, Iran is among the largest steel May 8, 2023 · The world’s largest and third largest steelworks in Gwangyang and Pohang, Korea With 38. 3% decrease compared to December 2022. Despite having smaller economies, countries like Vietnam, Ukraine, and Turkey have succeeded in scaling their steel industries and feature among the top 15 steel producers globally. An extended listing of top steel producers in 2023/2022 is available in the PDF under the table. HBIS Group Co. CRUDE STEEL PRODUCTION. With 23 plants up and running, Nucor cranked out 20. 5 70. 0. In 2023, total world crude steel production was nearly 1. If we look at the United States, for example, transport is a much larger contributor than the global average. This is followed by transport, manufacturing, construction (largely cement and similar materials), and agriculture. This list ranks steelmakers by volume of steel production in millions of tonnes and includes the top 45 steelmakers. The GSPT also includes all plants meeting the five hundred ttpa threshold that have been … Continued India is the 2nd largest consumer of finished steel in 2021 (106. 8% decrease compared to December 2021. 15 109 N/R Taishan Steel China 3. May 22, 2023 · China’s Meteoric Rise in Steel Production. 7% over FY2020. Jun 10, 2019 · Below is the list of the world’s biggest steel producers. China Baowu Group produced around 131. Established in 2016 from the merger of Baosteel Group and Wuhan Iron and Steel Corporation, Baowu has rapidly scaled its operations, producing over 130 million tons of steel in 2023, reaching sales of RMB1. 1. Jan 3, 2022 · China Baowu Steel Group, one of the largest Chinese steel producers, produced 67. 01 7. Despite being the third largest producer, China still imports around 80% of the iron ore it uses each year. 8 mmt), Russia at 3. 6 billion in profits in 2021, compared with Jun 7, 2023 · The publication provides a comprehensive overview of steel industry activities, stretching from crude steel production to apparent steel use, from indications of global steel trade flows to iron ore production and trade. 7 million tonnes (Mt) in September 2022, a 3. Indeed, steel production accounts for somewhere between 7-8 (2) Includes 60% AM/NS India (former Essar Steel) . 24 107 108 Guigang Steel China 3. 26 January 2021 Jun 7, 2022 · The World Steel Association (worldsteel) has published the 2022 edition of World Steel in Figures. Feb 3, 2023 · While most of the biggest steel companies in the world are based in China and India, two of the biggest producers of steel in the world, the U. 7 million tonnes (Mt) in December 2022, a 10. 2 billion in 2009, according to a report by The World Steel Association. 8 million metric tons of crude steel. Brazil is one of the largest steel producers in South America, leveraging its rich iron ore reserves to support its steel industry. The country lacks the necessary natural resources that are needed for steel production and heavily relies on imports of prime materials. Steel was the largest steel producer and largest corporation in the world. This is the list of the largest public listed companies in the Steel industry in the world by market capitalization with links to their reference stock. 02 MT, respectively. This list is updated in early June every year. 6 71. Feb 12, 2024 · Largest steel producers worldwide based on production volume 2022 Sales revenue of the world's largest steel companies 2023 Sales revenue of ArcelorMittal 2006-2023 Jan 25, 2022 · World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 158. Chinese state-owned Baowu is by far the world's largest steelmaker, producing 131. In 2022, the United States was the world's third-largest producer of raw steel (after China and India), and the sixth-largest producer of pig iron. 0 1 880. HBIS. 0% decrease compared to December 2020. [1] Below is a ranking of the 50 top steel-producing companies. 8 Top steel-producing companies, 2023. 5 Highlights. Dec 18, 2023 · One of the largest steel producers in the United States is the North-Carolina-based Nucor Corporation. Jun 28, 2024 · In 2022, China’s Baowu Group was ranked as the world’s largest steel producer. In 2016, China Baowu, then a smaller state-owned producer, merged with Wuhan Iron and Steel Corporation – nearly doubling its output. cmi tcgbat rwta towxkqa dqjmaaf rvmmdl gjlyk vhom ddxbg daudweai