List of steel producers

For the country-oriented account, see List of countries by steel production.

This is a list of the largest steel-producing companies in the world mostly based on the list by the World Steel Association. 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 2024.

The World Steel Association features a list from its members every year. Due to mergers, year-to-year figures for some producers are not comparable. Not all steel is the same. Some steel is more valuable than other steel, so the volume is not the same as turnover.

Some of the world's leading steel producers include China Baowu Group and ArcelorMittal. Notable players from China are HBIS Group, Ansteel Group, and Shagang Group. In India, Tata Steel, JSW Steel, SAIL and Jindal Steel and Power are key players in the steel industry. Japan's Nippon Steel Corporation is renowned for quality. POSCO Holdings from South Korea is also a significant contributor.

Steelmakers from multiple different countries, Argentina, Brazil, China, Germany, India, Iran, Japan, Luxembourg, Russia, South Korea, Taiwan and the United States, are included in the list associated with their volumes used as figures.

Top producers by volume

In millions of tonnes (Tg)
N° Company Country 2024[1] 2023[2] 2022[3] 2021[4] 2020[5] 2019[6] 2018[7] 2017[8] 2016[9] 2015[10] 2014[11] 2013[12] 2012[13] 2011[14] 2010[14] 2009[14] 2008[14] 2007[14]
1 Baowu China 130.09 130.77 131.84 120.0 115.3 95.5 67.4 65.4 63.8 60.7 76.4 83.2 79.2 81 - - - -
2 ArcelorMittal Luxembourg 65.00 68.52 68.89 79.3 78.5 97.1 96.4 97 95.5 97.1 98.1 96.1 93.6 97.2 98.2 77.5 103.3 116.4
3 Ansteel Group China 59.55 55.89 55.65 55.65 38.2 39.2 36.4 35.8 33.2 32.5 34.3 33.7 30.2 29.8 22.1 20.1 16 16.2
4 Nippon Steel Japan 43.64 43.66 44.37 49.46 41.6 51.7 49.2 47.4 46.2 46.3 49.3 50.1 47.9 33.4[15] 35.0[15] 26.5[15] 37.5[15] 35.7[15]
5 Hesteel Group China 42.28 41.34 41 41.64 43.8 46.6 46.8 45.6 46.2 47.7 47.1 45.8 42.8 44.4 52.9[16] 40.2[17] 33.3 31.1
6 Jiangsu Shagang China 40.22 40.54 41.45 44.23 41.6 41.1 40.7 38.4 33.3 34.2 35.3 35.1 32.3 31.9 30.1[16] 26.4[16] 23.3 22.9
7 Jianlong Steel China 39.37 36.99 36.56 36.71 36.5 31.2 27.9 20.3 16.5 15.1 15.2 14.3 13.8 12.4 8.8[16] 8.4[16] 6.5 7.8
8 POSCO South Korea 37.79 38.44 38.64 43.0 40.6 43.1 42.9 42.2 41.6 42 41.4 38.4 39.9 39.1 35.4 31.1 34.7 31.1
9 Shougang China 31.57 33.58 33.82 35.43 34.0 29.3 27.4 27.6 26.8 28.6 30.8 31.5 31.4 30 25.8[16] 17.3[16] 12.2 12.9
10 Tata Steel India 31.02 29.50 30.18 30.6 28.1 30.2 27.3 25.1 24.5 26.3 26.2 25.3 23 23.8 23.5[16] 21.9[16] 24.4 26.5
11 Delong Steel China 29.33 28.26 27.90 27.8 28.3 26.8 3.2 2.6 3.2
12 JSW Steel India 26.95 26.15 23.38 18.6 14.9 16.3 16.8 16.1 14.9 12.4 12.7 11.8 8.5 7 6.4 5.5 6.3 8.2
13 Hunan Valin Steel China 24.90 24.80 26.2 26.8 24.3 23 20.2 15.5 14.9 15.4 15 14.1 15.9 15.1[16] 11.8[17] 11.3[17] 11.1 -
14 JFE Japan 23.53 25.09 26.20 26.9 24.4 27.4 29.2 30.2 30.3 29.8 31.4 31.2 30.4 29.9 31.1 25.8 33 34
15 Jingye Steel China 22.72 14.51 15.4 16.3 12.6 11.3 10.4 11 11.3 10.5 9.7 7.3 5.8 - - - - -
16 Nucor United States 20.66 21.20 25.7 22.7 23.1 25.5 24.4 22 19.6 21.4 20.2 20.1 19.9 18.3 14 20.4 20 -
17 Shandong Steel China 19.45 19.45 29.42 28.25 31.1 27.6 23 21.7 23 21.7 23.3 22.8 23 24 23.2[16] 26.4[17] 21.8 23.8
18 Liuzhou Iron and Steel China 19.22 18.62 18.8 16.9 14.4 13.5 12.3 11.1 10.8 11.4 - - - - - - - -
19 Fangda Steel China 19.10 19.56 20.2 19.6 15.7 15.5 15.1 13.7 13.2 13.6 13.2 3.3 2.6 - - - - -
20 Steel Authority of India Limited India 19.10 19.18 17.93 17.3 15.0 16.2 16.3 14.8 14.4 14.3 13.6 13.5 13.5 13.5 13.6 13.5 13.7 13.9
21 Hyundai Steel South Korea 18.36 19.24 19.6 19.8 21.6 21.9 21.2 20.1 20.5 20.6 17.2 17.1 16.3 12.9 8.4 9.9 10
22 Rizhao Steel China 18.30 18.66 13.6 14.4 14.2 15 15 13.9 14 11.4 12.7 13.2 11.2 9.8[16] 9.9[16] 7.5 6.2
23 Cleveland-Cliffs United States 16.40 17.27 16.3 3.6
24 CITIC Limited China 16.15 14.17 14.0 14.1 13.6 12.3 8.8 8.4 7.6 7.9 7.7 - - - - - - -
25 Tsingshan Stainless Steel China 16.00 16.28 12.4 10.8 11.4 9.3 - - - - - - - - - - - -
26 Baotou Steel China 14.99 15.20 16.5 15.6 15.5 15.3 14.2 12.3 11.9 10.7 10.7 10.2 10.2 10.1[16] 10.1[16] 8.8 9.8
27 Jinan Steel China 14.30 15.27
28 Techint Argentina 14.29 14.82 14.9 12.6 14.4 15.4 11.8 8 8.4 9.4 9 8.7 9.5 8.8 6.9 10.4 13.1
29 U.S. Steel United States 14.18 15.75 16.3 11.6 13.9 15.4 14.4 14.2 14.5 19.7 20.4 21.4 22 22.3 15.2 23.2 21.5
30 Novolipetsk Steel Russia 13.60 14.24 17.3 15.8 15.6 17.4 17.1 16.6 16 16.1 15.5 14.9 12.1 11.9 10.9 11.3 9.7 -
31 Hebei Sinogiant Group China 13.04 13.63 14.3 14.2 10.3
32 Guangxi Shenglong Metallurgical China 12.79 13.12 12.2 12.1 7.6
33 Gerdau Brazil 12.78 12.74 14.2 13.0 13.1 15.8 16.5 16 17 19 19 19.8 20.5 21.6 14.2 20.4 18.6
34 China Steel Taiwan 12.65 12.58 16.0 14.1 15.2 15.9 15.3 15.5 14.8 15.4 14.3 12.7 14 12.7 8.9 11 10.9
35 Zenith Steel Group China 12.61 11.92 12.8 12.8 10.9 8.7 10.4 9.2 9.1 9 8.5 7.6 7 - - - - -
36 Anyang Steel China 12.50 12.34 9.5 11.2 10.5 11 10 10.5 10.7 10.9 10.3 7.7 9.4 10.0[16] 8.5[16] 9.0[17]
37 Sanming Steel China 11.41 11.24 11.4 11.4 12.4 11.7 11.2 10.4 9.6 9.2 8.2 7 5.7 - - - - -
38 Nanjing Iron and Steel Company China 11.35 11 11.6 11.6 11 10 9.9 9 8.6 8 6.1 7.2 - - - - - -
39 Magnitogorsk Iron and Steel Works Russia 11.20 12.99 13.6 11.6 12.5 12.7 12.9 12.5 12.2 13 11.9 13 12.2 11.4 9.6 12 13.3
40 Shaanxi Steel China 11.02 11.86 12.4 13.2 12.5 11.4 10.2 7.3 7.5 7.9 8 6.7 5.2 - - - - -
41 Severstal Russia 10.38 11.27 11.7 11.3 11.9 12 11.7 11.5 14.2 15.7 15.1 15.3 14.7[16] 16.7 19.2 17.3 - -
42 ThyssenKrupp Germany 10.26 10.35 12.0 10.7 12.3 12.6 13.2 17.2 17.3 17.2 15.9 15.1 17.9 16.7[16] 11 15.9 17
43 Steel Dynamics United States 10.20 10.32 12.2[18] 11.2[19]
44 Mobarakeh Steel Iran 10.19 10.33 16.7 18.9 16.8 16.8 15.6 14 14.1 14.4 14.3 13.6 12.6 11.4 10.6 10 10.1
World total - 1,892 1.890 1,952 1,878 1,869 1,814 1,733 1,629 1,621 1,671 1,607 1,548 1,490 1,413 1,219 1,329 1,348

Other steel producers

Steel producers merged with other companies, split into other companies or no longer operational

Notes

References

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  14. ^ a b c d e "Top steel producers" (PDF). Archived from the original (PDF) on March 7, 2012.
  15. ^ a b c d e Nippon Steel only
  16. ^ a b c d e f g h i j k l m n o p q r s "MetalBulletin: Top steelmakers 2010". Archived from the original on 2018-12-02. Retrieved 2011-11-05.
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  18. ^ "Steel Dynamics in 2022 received a revenue of $3.9 billion — News — GMK Center". GMK. 27 January 2023. Retrieved 2023-09-20.
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  21. ^ "Home". LIBERTY Steel Group.
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