Largest steel producers in the world
Largest steel producers in the world. ArcelorMittal . [1] Below is a ranking of the 50 top steel-producing companies. In fact, she was the third fastest growing steel producer in the world between 2020 and 2021. 1 million metric tons in 2022. 4% USIMINAS. [5] It is ranked 197th in the 2022 Fortune Global 500 ranking of the world's largest corporations. 3 billion today), [ 16 ] making it the world's first billion-dollar corporation. The nation is also the fourth largest exporter of crude steel in the world. List of the largest steel industry companies. 43 MMT during the period under review – earning itself the second slot in the list of the world’s biggest steel producers. Although China dominates the world’s steel production with more than a 54% share today, this hasn’t always been the case. 11 Continuously-cast steel output, 2021 to 2023. 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. 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. The company’s extensive Jul 16, 2024 · Japan is also one of the largest steel exporters in the world. 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. 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. 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. The Company’s manufacturing assets are spread across India, the Netherlands, the UK, and Thailand. 1 5. Jun 28, 2024 · In 2022, China’s Baowu Group was ranked as the world’s largest steel producer. 8 Top steel-producing companies, 2023. A. 3 million metric tons. 7 million tonnes (Mt) in December 2023, a 5. Iran. 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. With the emerging world expected to account for 72% In FY23, exports and imports of finished steel stood at 6. 15 3. 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. Headquartered in Brussels, Belgium , worldsteel is a non-profit organization and each year publishes a list of the largest producing companies in the field. 21 2. 8 billion tons of steel a year, releasing nearly twice that weight in carbon dioxide into the atmosphere. China, the world’s largest steel producer, held 52. companies: 9,432 total market cap: $108. 0% decrease compared to April 2023. 15 109 N/R Taishan Steel China 3. 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. 9 LMT. 26 January 2021 Jun 7, 2022 · The World Steel Association (worldsteel) has published the 2022 edition of World Steel in Figures. 1% decrease compared to January 2021. As of April 2022, India was the world’s second-largest producer of crude steel. With 1. 1 53. 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. Check it out. [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. In 2021, the country produced 1,032. In particular, China Baowu Group, the world's larger steel maker, produced 131. Most iron and steel in the United States is now made from iron and steel scrap, rather than iron ore. Oct 25, 2022 · World crude steel production was 151. Each of them shapes the market and controls a large share of it. Jan 25, 2024 · World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 135. 7 percent of global output from January to April and importing a record 210 million tonnes of iron ore over the same period. 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. 7% increase compared to September 2021. 6 71. In FY22, India exported 11. 8 million metric tons of crude steel. Here is the list of top 10 largest steel producing companies in the world. With POSCO and Hyundai Steel Co. Jan 3, 2022 · China Baowu Steel Group, one of the largest Chinese steel producers, produced 67. Jun 10, 2021 · Seven out of the ten biggest steel producing countries have initiated at least one green steel project. But this is not the same everywhere. 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. Dec 1, 2022 · Chile is the top copper producer in the world, with 27% of global copper production. 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. 1 percent (996. 103 trillion. Top producers by volume. 73 8. 97 MT in 2017-18 to 154. 93 11. 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. 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. India is home to the fifth-highest reserves of iron ore in the world. 8 57. 2 billion in 2009, according to a report by The World Steel Association. 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 . has set up a joint venture with 3 Indonesian local companies to produce 120,000 tons of sheet steel for the automotive industry. 7% over FY2020. 3% to 140. And its major buyers are China, the US and Japan. 23 MT), preceded by China as the largest steel consumer as per World Steel Association. Jul 21, 2021 · The world produces more than 1. 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. 2021 Top steel-producing companies Tonnage in million metric tonnes, crude steel production Longteng Special Steel China 3. 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%. 45 110 105 Rongxin Steel China 3. [ 17 ] May 22, 2024 · World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 155. The following companies are the largest steel producers in the world according to the annual volume produced. Shanghai Baosteel Group ArcelorMittal is one of the world’s leading integrated steel and mining companies. It is also investing in iron ore See full list on visualcapitalist. 3 2019 2020 Crude Jun 20, 2024 · Tata Steel Limited – Top 10 Steel companies in India. With 23 plants up and running, Nucor cranked out 20. Apr 25, 2017 · Biggest Steel Producing Companies In The World . Germany They employed a total of 581,439 people in 2021. This is followed by transport, manufacturing, construction (largely cement and similar materials), and agriculture. 3 Foreword. China is the largest consumer of iron ore, used to feed its 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. Take a moment to look around you. 01 7. If we look at the United States, for example, transport is a much larger contributor than the global average. It was formed in 2006 by the merger of Arcelor and Mittal Steel. 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. 5 58 5 69. 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. org. 4 billion ($51. 9 percent 111. . 8% decrease compared to December 2021. (6) Including Dexin Steel since 2020. This list is updated in early June every year. being the biggest producers of South-Korean steel, the exports have reached nearly 30. Brazil is one of the largest steel producers in South America, leveraging its rich iron ore reserves to support its steel industry. May 18, 2023 · China’s Meteoric Rise in Steel Production. 04 43 43 Steel Dynamics, Inc. 31 3. 14 MT of finished steel. 7% during this five-year period. Jun 10, 2019 · Below is the list of the world’s biggest steel producers. com INTRODUCTION. There is a plethora of manufacturers all around the world. In addition, the country is home to the two largest mines in the world, Escondida and Collahuasi. An extended listing of top steel producers in 2023/2022 is available in the PDF under the table. 5 Highlights. 32 MT, respectively. The capacity for producing steel has grown concurrently, and the rise has been largely organic. China is the world’s largest steel producing country, accounting for over half of global 2019 production at 53. 02 48 47 Jinxi Steel China 7. Tonnage is expressed in million tonnes (Mt). 75 46 49 Jindal Steel and Power Ltd (JSPL) India 8. 35 108 107 Xuzhou Steel China: 3. 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. 0 1 880. The five largest steel producing companies (ArcelorMittal, Baowu, Nippon, HBIS and POSCO) have at least one project on the Tracker’s list. The makers of the world’s largest stainless steel are listed in the table below. 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. 7 million tonnes (Mt) in September 2022, a 3. The customer, on the other hand, must be aware of his requirements before making a purchase. 3 mmt). 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. 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. Despite being the third largest producer, China still imports around 80% of the iron ore it uses each year. By 2030-31, it is also envisaged to enhance the operational capacity of crude steel production of SAIL from existing 19. 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. Discover the latest trends and data on the global steel industry in World Steel in Figures 2023, a comprehensive report by worldsteel. 9 billion tons (Gt). (NYSE:CLF), Commercial Metals Company (NYSE:CMC) and Steel Dynamics, Inc. Jan 19, 2018 · Other major steel producing countries in Asia include Japan, which produced 104. (7) Former Valin Group. Total crude steel production in 2021 (in millions of tonnes): 28. Jun 28, 2024 · In 2022, China was the world leader in steel production, accounting for over half of the global production. has some major steel producers as well, including Cleveland-Cliffs Inc. (NYSE:MT) also became the second largest steel producer in the world in 2022 when it produced 88 million tonnes of steel. 9 e - annual figure estimated using partial data or non-worldsteel resources. In FY24, the exports and imports of finished steel stood at 7. 84 million metric tons last year. Jun 21, 2024 · World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 165. 0. 9% of global production in 2022. 02 MT, respectively. 5 70. 3. 5. 3 mmt), the U. 43 7. 0% of the overall market Sep 26, 2019 · Steel is a basic product in our daily lives and is essential for economic growth. China Baowu Steel Group, headquartered in Shanghai, is the largest steel producer in the world. 42 45 44 Jiuquan Steel China 9. 0% decrease compared to December 2020. , one of the largest steel producers in the world, is dedicated to providing various industries with steel products and services. 1 -0. 4 billion metric tons in 2010, from 1. 1 lakh metric tonnes (LMT), while imports stood at 5. 7 billion U. Indeed, steel production accounts for somewhere between 7-8 (2) Includes 60% AM/NS India (former Essar Steel) . 36 106 106 Eastran Special Steel China 3. With a presence in over 50 countries and manufacturing operations in 26, Tata Steel is a leader in the global steel industry. 4% from the prior year; and South Korea, which produced 68. 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. 3% decrease compared to December 2022. 06 MT in 2021-22, Compounded Annual Growth Rate (CAGR) of 3. 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. China Baowu Group produced around 131. The market capitalization sometimes referred as Market Cap, indicates the value of a publicly listed company. 1 million tonnes. 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. Check the top 7 largest steel producing companies of the World below. This list ranks steelmakers by volume of steel production in millions of tonnes and includes the top 45 steelmakers. Jan 31, 2023 · World crude steel production was 140. The article summarizes the world steel production by country. According to U. 479 billion. 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. Sep 27, 2023 · This article summarizes world steel production by company. 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. Overview: Founded in 1907, Tata Steel is one of the most geographically diversified steel producers in the world. Dec 19, 2023 · 1. CRUDE STEEL PRODUCTION. Chinese state-owned Baowu is by far the world's largest steelmaker, producing 131. 10 Crude steel production by process, 2023. Producing 118. The company is an integrated steel manufacturing company. 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. This is a list of the largest steel-producing companies in the world mostly based on the list by the World Steel Association. 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. In 2016, China Baowu, then a smaller state-owned producer, merged with Wuhan Iron and Steel Corporation – nearly doubling its output. It was capitalized at $1. The largest steel producing company is ArcelorMittal of Luxembourg. The world's top 15 steel-producing countries account for over 90% of the global output. The biggest steel producing country is currently China, which accounted for 54% of world steel production in 2023. 07 3. Application Insights. 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. , Ltd. Chile is followed by another South American country, Peru, responsible for 10% of global production. 596 T Top 220 largest Companies in the Steel industry in the World by Market Cap. 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. HBIS Group Co. May 9, 2024 · Largest Steel Producer in the World – China. top ten crude steel producing countries in 2019. Luxembourg-based ArcelorMittal SA is the largest steel company in the world (by revenue). This company was created following the merger of Arcelor and Mittal in 2006. 9 Major steel-producing countries, 2022 and 2023. Jun 3, 2021 · The World Steel Association (worldsteel) has published the 2021 edition of World Steel in Figures. 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. 36 3. World 1 864. United States 9. China Baowu Steel Group Corporation. At one time, U. 7 MT and 6. S. 8 mmt), Russia at 3. Jun 22, 2021 · World crude steel production for the 64 countries reporting to worldsteel was 174. 2022/2021 top steel-producing companies: Mt thyssenkrupp Germany 9. 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. There are 26 electric arc furnace mill plants in the country. In second place that year was India with a modest 118. 65 10. This is a list of the largest steel-producing companies in the world mostly based on the list by the World Steel Association. India saw a significant increase in steel production, up 12. 3 percent (99. (5) Including Eastern Steel tonnage since 2020. 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. Jul 17, 2023 · Brazil: 34. 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. 79 9. 7 million tonnes (Mt) in December 2022, a 10. The company reported revenues of $76,571 million for the fiscal year ended December 2021 (FY2021), an increase of 43. 49 MT and 8. 29 3. 1 million tonnes (Mt) in May 2024, a 1. 7 million tonnes (Mt) in December 2021, a 3. Oct 30, 2023 · Being in the 9 th position, Brazil has become the largest steel producer nation in the world. 24 107 108 Guigang Steel China 3. * 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. 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. 0 million tonnes, 9th largest steel producer. 46 49 57 Feb 3, 2023 · 10. 8 million tons of steel. Total crude steel production in 2020 (in millions of tonnes): 29. ArcelorMittal from Luxembourg is the second-largest steel producer, with a production capacity of over 68 million tonnes. 0 million tonnes (Mt) in January 2022, a 6. However, many of the steel companies outside of the top five are absent from the list. 7 percent (87. ArcelorMittal ArcelorMittal, who operates in more than 60 countries, is headquartered in Avenue de la Liberte, Luxembourg. 89. 4 Sustainability Indicators of the steel industry. 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. 013 kt of crude steel in 2021, surpassing India, Japan, and the United States combined, its growth is fueled by construction demand. 7 million tonnes (Mt) in April 2024, a 5. Steel production is overwhelmingly concentrated in a few countries. 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. HBIS. Census Bureau data, steel producers recorded $29. In 2023, total world crude steel production was nearly 1. 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. 7 World crude steel production, 1950 to 2023. In April 2024 exports of finished steel stood at 5. 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. 6 million metric tons, up by 7. 98 47 52 Erdemir Group Türkiye 7. Brazil’s largest steel producer includes CSN, USIMINAS, and Gerdau. India ranked a distant second at 5. Electricity and heat production are the largest contributors to global emissions. The transformer segment held the largest revenue share of more than 52. It is a publicly-traded company listed on the New York, São Paulo, and Madrid stock exchanges. Capacity for domestic crude steel expanded from 137. (3) Including Benxi Steel tonnage since 2021. (NASDAQ:STLD). 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. The country lacks the necessary natural resources that are needed for steel production and heavily relies on imports of prime materials. Nippon Steel Trading Co. The ten largest steel producers in the world are China, India, Japan, the United States, Russia, South Korea, Turkey, Germany, Brazil, and Iran. 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. Steel was the largest steel producer and largest corporation in the world. 5 84. The country’s steel production is driven by demand from sectors like construction, infrastructure development, and automotive manufacturing. at 4. May 22, 2023 · China’s Meteoric Rise in Steel Production. 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. 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. 93 44 48 Donghai Special Steel China 9. Dec 18, 2023 · One of the largest steel producers in the United States is the North-Carolina-based Nucor Corporation. 1. 2 (mmt), followed by Japan at 5. 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. worldsteel has published the 2021 edition of World Steel in Figures. (4) Includes NIPPON STEEL Stainless Steel Corporation, Sanyo Special Steel, Ovako, 40% AM/NS India and 31. 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. The industry produced 29 million metric tons of pig iron and 88 million tons of steel. Steel production: 1,032,790 kt. China, holding the top position, leads the global steel production with an astounding output of 1,032,790 ktǂ. 01 8. 5% increase compared to May 2023. 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. 65 MTPA tentatively. 51 MTPA to around 35. 7. Feb 22, 2022 · World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 155. 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). 4 million tonnes (Mt) in May 2021. The company has 232, 000 employees and it produces 10% of the world’s steel. Oct 11, 2022 · Together, Australia and Brazil dominate the world’s iron ore exports, each having about one-third of total exports. cpiwq dcwz qcdu fvari hojv hneq fjb ghgk hwtkuf kuz