Top steel producers. 9 percent over the corresponding period last year. South Korea. 29 MT in 2021-22. Shaaban Steel’s role in supporting the growth of the nation’s infrastructure and industries cannot be overstated. Egypt is the largest steel producer in Africa and the second largest in the Middle East and North Africa (MENA) region, according to a report by Fitch Solutions The steel sector includes companies that use iron ore and scrap steel to produce steel and steel products. Top 5 steel-producing countries worldwide 2020-2023; top ten crude steel producing countries in 2019. Generally, Nucor has been analysts’ top pick in the US steel industry. The company is the sixth largest steel producer in the country, with a total The world’s 15th largest steel producer, U. China Baowu Steel Group Corporation. Exclu. 35 B Top Steel Companies from China as of Jul. 1% in 2021, according to data published by the World Steel Association 4. Topping the list, China's steel production is an industrial marvel. 9%. ArcelorMittal is the world’s leading steel and mining company, with a presence in more than 60 countries and an industrial footprint in 18 countries. New plans for coal-based steelmaking capacity are outpacing greener primary steel production methods with only a third of the world’s top 50 producers having announced targets to reach net zero by mid-century, finds a new report from Global Energy Monitor and the Nationally, steel pipe and tube manufacturers report average annual sales of $25 billion. In January–December 2021, the country produced 118. During its modernization process, China has built up a gigantic JFE Steel Corporation is one of the top steel producers worldwide, headquartered in Tokyo, Japan. is among the Top 5 crude steel-producing countries, with a production level between 70 and 97 million metric tons from 2020 to 2022. 2 million tons of steel in 2019, ranking ninth out of all steel producers. The blast furnace is the first step in producing steel from iron oxides. 2 The head office is in China. The largest producer, Luxembourg-based ArcelorMittal, alone accounts for roughly half of Canadian steel production through Rank Company Production (mmt) Main Products Icdaş, have been producing construction steel and alloyed steel since 1970, is the second biggest steel producer of Turkey with its production capacity. World crude steel production for the 63 countries reporting to the World Steel Association (worldsteel) was 149. Now, their headquarters is located in Cleveland, Ohio, USA. EUROFER members are steel companies and national steel federations throughout the EU. The top steel companies in India cater to the construction industry by providing iron and steel materials which serve as essential building components, among other elements. 46 29 Sinogiant As you are reading this you are likely to be in your office or working at a desk in your home. 96 billion tonnes in 2021. 4 The graph above shows the top ten steel-producing countries based on 2016 tonnage according to data compiled by the World Steel Association. This marks a growth rate of 17. China. Rank Company Market Cap (USD) Country Sector Industry; 1: Salzgitter AG: $1. 7,911. steelmakers with output of 23. The company is expected to benefit from strong shipments as production from its MAJOR STEEL-PRODUCING COUNTRIES 2016 AND 2017 million tonnes, crude steel production Country 2017 2016 Rank Tonnage Rank Tonnage China 1 831. 79,839. , Germany and Brazil recorded year-on-year decline in production, while all the remaining six countries witnessed rise in Abbas Steel Industries LLC is one of the top steel companies in Dubai, specializing in the production of steel bars, angles, and channels. World crude steel production from 1950 to 2022 and the top 20 countries in global steel production. 1 million tonnes However, the market started showing positive changes in the second half of 2020. SAIL operates several integrated steel plants across India and is a major contributor to the country’s steel production capacity. Generally speaking, the manufacturing of steel and steel-based products has grown exponentially, and India stands in the second position in terms of producing (Bloomberg) --China’s steel industry is facing a crisis more serious than the downturns of 2008 and 2015, the world’s biggest producer warned, highlighting a need to preserve cash and likening conditions to a “severe winter. Morgan and Elbert H. In the week ending on September 7, 2024, domestic raw steel production was 1,772,000 net tons while the capability utilization rate was 79. 5% increase compared to May 2023. 26 27 Jingye Group 15. The automotive demand recovery, strength in non-residential construction and a recovery in steel prices should enable the Zacks Steel Producers industry to thrive. xlsx. Among these, India stood out with remarkable growth rates, hinting at its potential to challenge 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. Total assets of the company in 2019 (in billions of dollars): 12. Japan Top Steel Companies from Japan as of Jul. Download Excel. $1. Pricing; Login; Try for Free; search close. 2 The steel giant in 2023 was China Baowu Group, with slightly less steel than the year before. These exports contribute significantly to the country’s economic growth through revenue generation and job creation opportunities for local people involved in manufacturing processes from raw materials sourcing to World Steel Association (worldsteel), the top five of the most steel producing companies in 2022 remained unchanged. Steel is 100% recyclable and the most recycled material in the world. 55 times compared to the same period last year. 7 million tonnes (Mt) in December 2022, a 10. JSW Steel. He has been chairman of Emirates Steel Industries since its inception in 2001. 684. Bhushan Steel is considered the no 1 steel company in India. India and Japan are the second and third largest producers, Monthly Report: Top 5 steel-producing countries worldwide 2020-2023. 95 54 55 Steel production and scrap consumption leading markets 2022; World leading steel exporters by country in 2022; World's major steel scrap exporting markets based on volume 2022 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. An overview of global steel industry data. 12 B Germany German Basic Materials: German Steel: 2: Kloeckner & Co SE: $593. FY21. 2% annually (CAGR) from 103. China Slashes Steel Output as Industry Rings Alarm on Demand. Pakistan is one of the major steel producers and consumers in the region, with a production capacity of over Grant Sporre, Bloomberg Intelligence Global Head of Metals and Mining, joins Bloomberg Intelligence to discuss the world's largest steel producer sounding the alarm about an industry crisis in China. World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 155. A. 8. NUE, STLD, TX and ZEUS are set World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 165. Rank Company Market Cap (USD) Country Sector Industry; 1: Toyota Tsusho Corp: $21. The company aims to lead in sustainable steel production and innovation. The World Steel Association features a See more Below is a ranking of the 50 top steel-producing companies. 9 million metric tons. HBIS Group Co. : Steel Dynamics is a carbon-steel producer and metals recycler. Troutman, NC: 1994: $20 M Top Steel Companies from Australia as of Jul. The company’s Egypt ranked 20th in the world among the largest steel-manufacturing countries in 2020, emerging as the only Arab country on the list, with a production quantity of 8. 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. Production was 1,691,000 net tons in the week ending September 7, 2023 while the capability utilization then was 74. Tata Steel Limited, with a consolidated turnover of over US $32 billion in the financial year ending March 31, 2023, is the largest steel producer in India and one of the largest in the world with an annual crude steel production capacity of 35 MnTPA. Ltd: $8. Abbas Steel Industries LLC is committed to providing high-quality products and excellent customer In today's tutorial, we are gonna have a look at Top 10 Largest Steel Producers in the World. Steel is the biggest, shipping 3. 6 MTPA, Bhushan Steel was 3rd largest secondary steel producer in the country. In cases of more than 50% ownership, 100% of the subsidary’s tonnage is included. 2% of the industrial GDP Leading steel manufacturers in mainland China in 2022, based on crude steel production volume (in million metric tons) [Graph], World Steel Association, June 1, 2023. 7 South Korea 6 67. [Online]. The company plays a crucial role in meeting the demand for steel in various sectors, including railways, defense, and The Top Steel Producing Countries in Europe Production at a steel mill. 50 B United States US Basic Materials: US Steel: 2: Toyota Tsusho Corp: $21. 12. Source: worldsteel. 3 mmt), the U. Interesting Fact: Overall, global crude steel production fell to 1. Most of the other top steel-producing countries saw annual production declines of more than 5%, with Turkey, Italy, Taiwan, and Vietnam’s production all declining by double digits. This has facilitated the Performing the vital task of preparing, melting and casting steel into shapes, foundries, steel mills and steel casting companies form an essential part of the steel industry. Steel Dynamics recently acquired a 45% stake in New Process Steel, expanding its metals solutions capabilities. Therefore, it would not be an exaggeration to argue that the steel sector has always been at the forefront of industrial China's steel industry is the biggest in the world, producing 45. The company produced 131. varghese@jsw. Crude steel production worldwide 2012-2022; Largest steel producers worldwide based on production volume 2022; Steel production and scrap consumption leading markets 2022; EU-27: total production The world’s steel producers in 2022 include China (1,013 million tons), India (124. As a major integrated steel producer in India, they are committed to innovation, sustainability, and customer-centricity. P. Monthly Report: Top 5 crude steel-producing countries worldwide, Jan 2020 to Dec 2023 (in million metric tons) World Steel Association, abbreviated as worldsteel, is the international industry association for the iron and steel sector. B&T Steel. Steelmaking is the process of producing steel from iron ore and/or scrap. Guided by a philosophy to produce safe, sustainable steel, ArcelorMittal is the leading supplier of This bodes well for the top steel companies in India, giving them a chance to improve their revenue and profits. 5% decrease compared to September 2022. 8 million metric tons of crude steel that year, around 63 million cluding Xinyu Steel tonnage since 2022. 00. BHP, which gets much of its revenue selling iron ore to China, fell nearly 3%. 4 million tonnes (Mt) in May 2021. Daye Special Steel Co. Data as of 09/12/24 Top Steel Companies from Germany as of Jul. Later, in 1999, ARMCO merged with AK Steel. 8 percent. In July 2023, crude steel production in India stood at 11. . Kamalakara Rao. TATA steel and SAIL has the largest steel plant in Asia. China Baowu Group produced around 131. Tata Steel is currently the world’s second-most geographically diversified steel producer with an annual crude steel capacity of 34 million tonnes per annum (MTPA) in FY22. In steelmaking, impurities such as nitrogen, silicon, phosphorus, sulfur, and excess carbon (the most important impurity) are removed from the sourced iron, and alloying elements such as manganese, nickel, chromium, carbon, and vanadium are Who rules the steel industry: the top 50 steel producers . These three regions The world's top 15 steel-producing countries account for over 90% of the global output. In 2005, the British Geological Survey stated China was the top steel producer with about one-third of the world share; Japan, Russia, and the United States were second, third, and fourth, respectively, according to the survey. Japan produced 99. 75 7. Initiatives like investing in renewable energy, recycling scrap steel, and implementing eco-friendly production methods underscore their commitment to long Top Steel Companies in Pakistan: Steel is one of the most important materials for the development and progress of any country. 25%). For the first time ever, India surpassed China as the top developer of coal-based steel capacity in July 2023, according to the latest report from Global Energy Monitor (GEM). Steel mills manufacture raw steel, and may further process it into semi-finished products to be melted for casting. 4,030. The steel companies in India like TATA steel, SAIL, and Jindal are among the list of top 10 steel companies in the world. Gary founded the company in 1901 by consolidating several smaller steel production firms, including Carnegie Steel Company. During April – July, 2021-22 (provisional; source: JPC), the following is the industry scenario as compared to same period of last year: Production of crude steel was at 41. com; Email: lancy. 8 1 995. 8 M: American Stainless Tubing, Inc. 54 B For more information on The World Steel Association’s expected outcomes for 2015 and 2016, click here. Isfahan, IRNA – Minister of Industry, Mines and Trade of the Islamic Republic of Iran Reza Fatemi Amin has said that the country ranked seventh among the top ten steel producers in November 2022. [70] World crude steel production for the 64 countries reporting to worldsteel was 174. This graphic uses data from the World Steel Association to visualize the world’s top steel-producing countries, and highlights China’s ascent to the top, as it now makes up more than half of the world’s steel In 2023, the global steel production picture remained broadly stable, with China maintaining its dominance as the world's largest steel producer, producing a The top 6 countries that produce the most steel. Chinese In 2022, China’s Baowu Group was ranked as the world’s largest steel producer. READ. 1 million tonnes148. 1 million tonnes in April. The Zacks Steel Producers industry is well-poised to benefit from a demand recovery in automotive, a major market, as the semiconductor crisis gradually eases and automakers ramp up production. Get in touch with the most trusted suppliers today! Seeking Local Agents. 2. 7 percent (87. In partnership with the Bekaert Group, we are also Brazil's leading wire supplier for industry and agribusiness and we are among the top three producers of steel cords for tire reinforcement. Take a moment to look around you. 52 MT. Tata Steel BSL Limited: Address: 23, Site IV, Top producers by volume Other steel producers Steel producers merged with other companies, split into other companies or no longer operational Notes References This is a list of the largest steel-producing companies in the world mostly based on the list by the World Steel Association . 38 3 Ansteel Group (3) 55. 2 Though According to a report by the World Steel Association, global crude steel production slowed down in 2022 from 1,962 million tons to 1,885 million tons, while the demand stood at 1,781 million tons Source: worldsteel. 3 million tonnes (Mt) in September 2023, a 1. Europe is one of the largest consumers of Top 10 Europe Steel Producers and Turkey is a leading producer. 89 million tonnes of steel, up a bit from the year before. Second is Poland with 51. Most iron and steel in the United States is now made from iron and steel scrap, rather than iron ore. 65 28 Techint Group 14. 7 billion in 2020, as capacity utilization reached the highest level since 2007. S. Interestingly, steel production has come a long way since 1950 when it was a mere 189 MT. The industry produced 29 million metric tons of pig iron and 88 million tons of steel. An extended listing of top steel producers in 2023/2022 is available in the PDF under the table. 7% increase compared to September 2021. Compared to other manufacturers, steel tubing plants are more likely to import raw materials since 21% of these companies rely on imports against 11% of all manufacturers. 3 MIN. It was estimated to be worth USD 112 billion in 2019 by the specialists from Verified Market Research who Steel - Producers Industry Rank More Info. Direct employment in steel manufacturing has declined by 49%, from 257,200 workers in 1990 to 131,400 workers in 2021. 20 million tonnes of crude steel. 1% decrease compared to January 2021. menu. Steel manufacturing stands as a linchpin in the intricate web of the global supply chain, with a far-reaching impact on numerous industries. million tonnes, crude steel production million tonnes, crude steel production Rank Company Tonnage Rank Company Tonnage 1 China Baowu Group (1) 119. 2 percent to stand at 1. Composed of primarily of iron and carbon, this metal dates back to around 4,000 years ago. 1 percent (996. It benefits from strong momentum in the non Steel production (in million tons) by country as of 2007. The need for high-quality materials grows every year, as we witness how progress changes our fast-paced world. There are a lot of powerful players in the steelmaking industry that produce materials in enormous quantities, shipping them Top Producers Steel production in Canada is dominated by foreign-owned companies, as many domestically-owned firms were purchased by steel companies from outside Canada. S. As you can see, ArcelorMittal was the world’s largest The world’s biggest steel producer sounded the alarm about an industry crisis in China that carries the potential to ripple around the globe and plunge the sector into a deeper downturn. The Importance of Steel . These three regions combined have a 6% market share in the total German Steel industry. The company has a capacity of over 5 million metric tonnes per year and is a major supplier to the 2021 2020: 2021 2020: 2021 Top steel-producing companies Tonnage in million metric tonnes, crude steel production Yingkou Plate China 7. 6 million tons of crude steel in the mentioned year. Top Steel Companies from South Africa as of Jul. Related: Top Iron and Steel Mills in the U. Bloomberg. The association is one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country. A recovery in automotive demand, strength in non-residential construction and a rebound in steel prices should enable the Zacks Steel Producers industry to thrive. Sector > Materials > Iron & Steel; Overview of the Indian steel industry. Other major producers that year were the United States, Russia, South Korea, Germany, Turkey, Brazil and Iran. It was a close second, shipping 3. JFE Steel Corporation specializes in producing high-quality steel Top 10 steel producers from Egypt. Wed, Aug 14, 2024, 2:42 AM 3 min read. It is used in various sectors such as construction, infrastructure, engineering, automotive, etc. 8 8 33. 32 MT and 121. The total number of Steel companies in Europe is 417. A major ongoing military conflict World crude steel production was 151. 1 / 2. 7 million tonnes (Mt) in December 2023, a 5. 2 Mt, ranked as the second largest steel producer in the world. Baowu alone produces about 7 percent of the world’s steel, and its Modern life depends on steel. The company was founded in 1968 and has since been operating in different business fields including international trade, development and management of infrastructure, and resources development, among others. We have said many times that the steel industry is at the heart of the global economy and equally so at the core of our sustainable modern so The new optimized steel production facility is expected to feature two electric arc furnaces (EAFs) with 3 million tons per year of advanced steelmaking capability, an endless casting and rolling line, and advanced finishing capabilities. Meanwhile, WSA stated that crude steel production by the world’s top 64 producers fell 4. at 4. Besides bilateral off-take agreements, these initiatives constitute an important So in January 2024, the total global steel production for the 71 countries (encompassing 98% of the global steel production) was about 148. In 2019, the top steel-producing company, based on crude steel production, was ArcelorMittal with 97. With an existing steel production capacity of 5. The number of Chinese mills and factories is growing every year, and last year, the five largest produced 29 percent of the total. It’s probably the case that everything – and I Top Steel Companies in the World as of Jul. The European Steel Association is recorded in the EU transparency register: World Steel in Figures publications from 2002 to 2022. 6% increase in production, reaching 12. B&T Steel are steel structure fabrication and erection specialists in Africa and the sub-Saharan area. The sources we consulted included With more than 1,000 million metric tons of steel produced in 2021, the country produces 53% of the world’s steel which is more than all other countries Taking a closer look at the top 10 steel-producing countries for that month, here’s the scoop: China led the pack with around 77. Daye Special Steel. The first blast furnaces appeared in the 14th century and produced one ton per day. Top steel-producing companies 2020 8. Al-Nowais is also chairman of the 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. The Chinese steel industry has been growing and modernizing at a rapid rate over the past few decades, driven by economic growth, urbanization, infrastructure investments but currently faces challenges related to overcapacity, UK Steel is the trade association for the UK steel industry and champions the country’s steel manufacturers. Steel production in Egypt increased by 13. Largest Steel Producers in the World. Based on the WSA data, Iran produced 30. China Baowu Group keeps the throne for this year as the world’s largest steel producer, immediately followed by Still, the U. Top 50 largest German The cartel consisted of 17 producers of steel, including ArcelorMittal, and trust in ArcelorMittal was still low in 2018. 9 percent 111. The CSPA is comprised of 13 member companies in over 30 facilities across 5 provinces, representing Canada’s primary steel producers and pipe and tube manufacturers who play a vital role in ensuring the continued strength and sustainability of Canada’s steel industry. Even the world’s The Top 10 US Steel Producers. 6 M Germany India was the second-largest steel producer in the world, with steel production standing at 106. 29 MT, respectively. 6 Global crude steel production reached 1,808. Canadian steel producers are an integral part of the Company Profiles of These Top 50 Steel Producers 1. 5 million tonnes of steel - including slabs, hot rolled and cold rolled coils – sold in Algoma Steel: Canada-based Algoma Steel is a leading producer of hot and cold rolled steel sheet and plate products. 71 m/t in 2022. Since 2008, JSW Steel has been ranked among the top 15 global steel producers by World Steel Dynamics for the 13th year in a row, making it the only Indian company to reach that stage. 4. 3 2 111. The United States is also a World crude steel production from 1950 to 2022 and the top 20 countries in global steel production. The company one of the few steel operations that is fully integrated – from mining to the manufacturing and marketing of finished products. 91 B Australia Australian Basic Materials: Australian Steel: 2: Sims Limited: $1. Premium Statistic Global iron ore reserves 2023, by top Global steel production has more than tripled over the past 50 years, despite nations like the U. Steel is a major component in many Monthly Report: Top 5 crude steel-producing countries worldwide, Jan 2020 to Dec 2023 (in million metric tons) [Graph], World Steel Association, January 25, 2024. The major steel companies and national steel federation of Turkey and the United Kingdom are associate members. As industries undergo temporary shutdowns to slow down the spread of COVID-19, iron and steel mills have been recognized as an essential industry and have remained open to provide crucial materials for manufacturing, construction, transportation and other industries. Rank Company Market Cap (USD) Country Sector Industry; 1: Nucor Corporation: $37. In 2019, India exported more than $15 million worth of steel ingots, which makes it one of the key Steel mill with two arc furnaces. Second is Hamburg with 1,214 Steel companies in Germany (2%). Italy is the largest country with an 14. Märkischer Kreis also has a large number of Steel companies: 1,035 (2%). 6 5 71. Notes on company ownership and tonnage calculations: For Chinese companies, the official CISA tonnage publication was used. However, in the 20th century, Italy, one of Europe's biggest steel producers, invented the electric furnace technique, which is still used to make steel with steel scraps. This is a list of the largest steel-producing companies in the world mostly based on the list by the World Steel Association. Germany also has a large number of Steel companies: 50. companies do not own a top spot in terms of production. Top 10 Europe Steel Producers. 84 m/t of steel in 2022, an increase of 1% 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 Manufacturer Headquarter Year Founded Annual Revenue; Cada Stainless & Alloys: Chester, NY: 1981: $4. We ranked the top 20 largest steel producing companies in the world according to their steel production tonnage in 2022. 2 million tonnes, showing a 6. 00 73,326. 48% market share in the European Steel industry (417. Steel production in the US fell by 6. We provide a complete turnkey solution when working on structural steel projects taking care of everything from the design of all structural components, detailing and production of fabrication and erection drawings, to the final fabrication and LeadIT Green Steel Tracker shows top 50 producers lag on emission targets. In 2020, Vietnam's crude steel production and sales increased by 14% and 12% respectively, and steel exports grew by 3. Top Steel Companies from Canada as of Jul. World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 158. statista Due to its distinctive qualities, the top stainless steel producers have gained notoriety. 8% in 2019 compared to the previous year. J. Take a glance at India’s All the top 10 steel companies in South Africa export some portion of their production overseas to countries across the globe. This list is updated in early June every year. Total profits of the company in 2019 (in millions of dollars): 613. Others in the top 10 steel producing countries include the United More than half of the top ten producers – and companies accounting for almost 30% of global steel production – now have a defined target. The rout in steel markets was even more marked, with rebar futures in Shanghai plunging more than 4% to the cheapest since 2017. 95 26 China Steel Corporation 15. 2 million tons of steel. 3 United States 4 72. CamaSteel +86-131-2037-9271 HBIS ranks 2 nd in the global crude steel production Monthly Report: Top 5 crude steel-producing countries worldwide, Jan 2020 to Dec 2022 (in million metric tons) [Graph], World Steel Association, January 31, 2023. 2 (mmt), followed by Japan at 5. 73 B Japan Japanese Basic Materials Top steel producer warns of ‘severe’ industry crisis. China's top steel producer, Hebei province, saw crude steel output plunge 10% in 2021, hurt by stringent environment controls aimed at curbing pollution and reducing carbon emissions. Steel Companies Europe by country. and Russia scaling down their domestic production and relying more on imports. The Zacks Steel Producers industry is expected to benefit from a demand recovery in automotive, a major market, as the semiconductor crisis gradually eases and automakers ramp up production. On the demand side, the First Movers Coalition and the SteelZero Initiative increased their number of member companies. 9 million tons The rankings of 2021 were a testament to the resilience of the steel sector. 4% respectively compared to 2019. 5. In 2012, Turkey produced 35. 1 million tonnes (Mt) in May 2024, a 1. worldsteel represents steel producers, national and regional steel industry China’s steel industry is facing a crisis more serious than the downturns of 2008 and 2015, the world’s biggest producer warned, highlighting a need to preserve cash and likening conditions to Hussain al-Nowais. China’s steel market — by far the world’s largest — is flashing multiple warning signs as the protracted property downturn shows no signs of ending, while factory activity remains subdued. Bloomberg News. 38 B In this article you will find a list of the top 20 crude steel (blooms, billets, slabs or plates) producers by country in the World (Table 1) and in EMEA (Table 2). Steel Dynamics Inc. Nucor Corp. Top Steel Companies in India. Monthly Report: Top 5 crude steel-producing countries worldwide, Jan 2020 to Dec 2023 (in million metric tons) 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. With Russia’s exports off-limits for the foreseeable future, pricing should increase for products made elsewhere. 436). Crude Steel Production: 71 million tons. Headquartered in Brussels, Belgium, worldsteel is a non-profit organization and each year publishes a list of the largest producing companies in the field. NUE, STLD, TX and ZEUS are set The company’s commitment to producing top-quality steel products, paired with its significant production capacity, positions them as a trusted partner for those seeking steel solutions in Saudi Arabia’s dynamic market. 78 53 51 Liberty Steel Group Australia/UK (e) 7. Steel is an essential component of construction projects around the world due to its strength and low cost. 8 Russia 5 71. In 2022, world crude steel production fell to 1 billion 885 million tons. [ID In 2017, Krakatau Steel was the largest steel producer in Indonesia, with a production volume of approximately five million metric tons. Tosyalı Holding increased its production by 1%. 2 In the top 10 steel makers, three are from China, including Ansteel. 08 million tonnes of crude steel produced in 2023 (the same China continues to hold the global lead in crude steel production, with an estimated 67. 9% Moving on to the major steel-producing countries, unsurprisingly, China is still in the lead with 1,019. 6 million tons to outside customers in Q3 of 2019. 4% in 2020 and 25. The top 10 China steel producers are the leading companies that produce the most amount of steel in the country. They specialize in producing high-quality steel products for various industries. com; Headquarters: Schertz, Texas, United States; Founded: 1957; Headcount: 51-200; LinkedIn Monthly Report: Top 5 steel-producing countries worldwide 2020-2023 + Metals. Position: Chairman, Emirates Steel Industries Biography: Hussain al-Nowais is a UAE national with more than 25 years’ experience in banking, finance, investment sectors as well as project development. 2024 TOP UTILITIES IN ECONOMIC DEVELOPMENT: Power Provision Is Just the Beginning . 01, 2024. The current week production represents a 4. Top 10 China Steel Producers. 00 . This steel company has held the title of the top-quality metals supplier for over 3 decades. However, their ranking among the top 10 stainless steel manufacturers in India requires verification. As in 2021, China-based Chine Baowu Group There are quite a large number of steel manufacturers in the steel industry, who become more popular by producing steel in large quantities. 131 Steel companies in Europe (12. The Top 10 Largest Steel-Producing countries are Russia, South Korea, Turkey, Germany, Brazil, and Iran. China’s country’s steel industry suffered devastating slumps during the Global Financial Crisis of 2008-2009, and again in 2015 Nagendra Nath Sinha, Secretary, Ministry of Steel India is currently the world’s second largest producer of crude steel. 7 million tonnes, up from 24. The industry with the best SEATTLE (Scrap Monster): The World Steel Association (worldsteel) has released the list of top 10 steel producing nations during the month of January this year. 787 billion in Bhushan Steel Limited (subsequently rechristened as Tata Steel BSL post-acquisition), with more than 27 years of experience, was one of the leading downstream players in the Indian Steel industry. This list ranks steelmakers by volume 2020 Top Steel Producers and tonnage of worldsteel members_revised28May2021. 3% decrease compared to December 2022. Ltd: $21. Steel production and consumption are frequently seen as measures of a country's economic development because it is both a raw material and an intermediary product. However, this is still far from the fifty percent target set by the World crude steel production was 140. 13 MT in 2017-18 to 120. One of the largest steel producers in the 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). Website: pspindustries. 8 percent increase Census Bureau data, steel producers recorded $29. 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. million tonnes, crude steel production (e) = estimate Country 2020 2019 Rank Tonnage Rank Tonnage China 1 1 064. 8 mmt), Russia at 3. 7% and 1. 436. Of the top 10 US steel producers, S. Representing the sector’s interests to government, we provide a range of market data, guidance documents, policy forums and events that supports our innovative, vibrant and dynamic steel industry. 70 6. Contributing to a significant 19. In 2021, The share of China s top ten steelmakers crude steel output has increased to around 43% of the country s total steel production at the end of September, up 4 percentage points from the start of 2021, the combined crude steel production of China's top five steelmakers will account for around 27% of the country's total crude The top steel producers in India primarily use iron ore to produce iron and steel, which they then supply to many of the important sectors of the economy like building, machinery, and transportation. 7 1 807. 31 million metric tons, according to the World Steel Association. Berlin is the largest region with a 2% market share in the Steel industry (1,550). Further, steel now contributes about 2% to India’s GDP and employs some 6 lakh people directly and 20 lakh people indirectly. 91 4 Nippon Steel Corporation (4) 49. They made 55. As of 2019, iron and steel foundries provided jobs to Steelmaking is also a global business. ” The crisis will likely be longer and “more difficult to endure Steel has traditionally occupied a top spot among metals. 7 million tonnes (Mt) in December 2021, a 3. Steel produced 67% of all of the steel manufactured within the United States Top steel companies in the USA prioritize sustainability initiatives, striving to reduce carbon emissions, conserve energy, and minimize environmental impact throughout their operations. Steel Dynamics: Based in Indiana, Steel Dynamics is a leading steel producer and metals recycler in the United States, sporting a Zacks Rank #1. led among U. The Asian giant produced an astounding 1,032,790 kilotons (kt) of steel. U. 09 MT, up by 8. According to the graph, world crude steel production reached its highest World Steel Association (worldsteel), the top five of the most steel producing companies in 2022 remained unchanged. 4 million tonnes in 2007. They started their journey by producing hot rolled carbon steel coils, plates, slabs, and blooms. Other world’s top 10 steel producing countries include the US, Russia, South Korea, Germany, Turkey, Brazil, and Iran. The company has a state-of-the-art manufacturing facility equipped with modern technology. Shangliao Sun Research expert covering India Get in touch with us In 2023, Ansteel Group came in 3rd among all steel makers. Leading steel importers globally by country 2022. In the light of these data, Tosyalı Holding continued to rank second in Turkey's steel production and rose from 82nd to 72nd in the list of the world's top steel producers. 2 million), according to the World Steel Association (Worldsteel). 60% AM/NS India (former Essar Steel). Linton Incorporated is a top importer and distributor of steel products in the Philippines, with an extensive product portfolio, a fully operational steel service center for fabrication services, and a subsidiary dedicated to steel fabrication and structural steelwork erection. Rank Company Market Cap (USD) Country Sector Industry; 1: BlueScope Steel Limited: $5. 8% decrease compared to December 2021. (Daye Special Steel for short) is located in Huangshi City, Hubei Province. 10. The recent imposition of tariffs on goods imported from Camasteel has listed its top 4 picks for you. Prior to its invasion of Ukraine, Russia was a top-10 steel-producing nation. extended list of companies with tonnage of more than 3 million tonnes (Mt) in 2022. in; Contact Number: +91-22-42861000 Which are the top 10 steel cities in India? Odisha, Chhattisgarh, Jharkhand, West Bengal, Karnataka, Andhra Pradesh, Tamil Nadu, Maharashtra, and Uttar Pradesh, as such are the primary states for steel manufacturing and production. RSS FEED. ArcelorMittal Brazil’s Flat Carbon segment produces around 10. ICDAS ranked in the 6th place among the 500 Biggest Industrial Enterprises of Turkey including the public sector in 2014, according to the determinations of Istanbul Chamber of Industry (ISO List of the 2 largest companies in the Steel industry in South Africa ranked by market capitalization. India’s crude steel production for 2019 was 111. 4 India 2 100. PKX, CMC and FSTR are set to World Steel Association, Output of hot rolled steel products by the major producing countries in the European Union (EU-27) from 2010 to 2022 (in 1,000 metric tons) Statista, https://www. BEIJING, Jan 20 (Reuters) - China's top steel producer, Hebei province, saw crude steel output plunge 10% in 2021, hurt by stringent environment controls aimed at UG Steel Mill is a company that offers steel production and manufacturing services. Rank Company Market Cap (USD) Country Sector Industry; 1: Kumba Iron Ore Ltd: $8. The company sells flat-rolled steel sheet, structural beams, steel bars, and other products. Total steel production of the company in 2019 (in million POSCO is a South Korean mining and steel manufacturing company and is the 6th largest steel producer in the world. The production and sales of steel products was up by 2. China is the world’s largest steel producing country, accounting for over half of global 2019 production at 53. Meanwhile, China and India have consistently grown their production to become the top two steel producing nations. 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 Tata Steel. This country has been steadily increasing its production over the past decade, and in 2014 it produced 35. Pennsylvania was the second top steel-producing state in the US in 2019, with 19. I. The steel industry in Egypt serves as a critical backbone to the nation's construction and infrastructure sectors, Egypt stands tall as Africa's leading steel producer and holds the second position in the Middle East and North Africa (MENA) region. 8 India, the second-largest steel producer worldwide, recorded a 3. To put this into perspective, China produces more steel than the next five Egypt is one of the top steel producing countries in Africa and the second largest steel producer in the MENA region after Iran during the outbreak of the COVID-19 pandemic, according to the report. Even though equipment is improved and higher production rates can be achieved, the processes inside the blast furnace remain the same. 3 percent (99. Ukraine The Eastern European country, Ukraine, has plummeted two positions, from eighth in 2010 to tenth in 2016, in terms of crude steel output. 1. 68 m/t of steel in 2021, it increased this figure by 1% to 4. 8 million metric tons of crude steel. 42 B Canada Canadian Basic Materials: Canadian Steel: 2: Labrador Iron Ore Royalty Corporation: $1. 7 A recovery in automotive demand, strength in non-residential construction and a rebound in steel prices should enable the Zacks Steel Producers industry to thrive. 87 B the entirety of steel production in the European Union. The biggest steel producing country is currently China, which accounted for Below is a list of the world's top 10 steelmakers and their annual output, according to 2022 data from the World Steel Association. For worldsteel members, the data was sourced from their official tonnage declarations. 0 million tonnes (Mt) in January 2022, a 6. ArcelorMittal. The Iron and Steel industry in India is among the most Focusing on production and demand of steel, this report also highlights steel trade, the supply of raw materials, and information about the major steel producing companies in this Latin American World Steel Association (worldsteel), the top five of the most steel producing companies in 2022 remained unchanged. Steel, still maintains corporate offices in Pittsburgh. 5% growth in production 7. As in 2021, China-based Chine Baowu Group took the first place with the title of the world's most steel producing company. If you would like to see a list of the Top 50 crude steel producers by company, click HERE World crude steel production, 1950 to 2023 Top steel-producing companies, 2023 Major steel-producing countries, 2022 and 2023 Crude steel production by process, 2023 Continuously-cast steel output, 2021 to 2023 Monthly crude steel production, 2020 to 2023 STEEL USE Steel production and use: geographical distribution, 2013 Steel The Steel Authority of India Limited (SAIL) is a government-owned steel company that was established in 1973. See Your Guide to the Top 10 in the Global Steel Industry for an overview of top steel-producing countries. 7 percent of global output from January to April and importing a record 210 million tonnes of iron ore over the same period. 6 per cent, it said. In 1990, China was only the fourth-largeststeel producer in the world, trailing Japan, the United States, and the USSR. Iran was ranked first among the world’s top steel producers in terms of production growth in the previous year. 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. Website: www. Monthly Report: Top 5 steel-producing countries worldwide 2020-2023. Includ. 1 6 71. This stainless steel manufacturer was founded in 1899 as ARMCO (Americal Rolling Mill Company). B y Min Zhang and Emily Chow. 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 SAIL Steel Plant at Bokaro Steel City, Jharkhand a supersize steel plant- The second biggest steel plant in India, which contributes 45% of SAIL's profit . The Indian steel industry produces more than 100 MT of crude steel per year, surpassing Japan to become the world’s second-largest producer. US Steel said it faces competition from imports, much of it unfair and Steel producers are significant employers in Canada as well as enabling economic growth as a critical supplier to other key sectors, such as manufacturing, infrastructure, transportation and energy. Established in 2002, they have rapidly grown to become one of the largest global producers – producing 24. India ranked a distant second at 5. Many countries saw a rebound in production as global demand began to rise again, driven by renewal in construction activities and the stabilization of the automotive industry. Infrastructure, buildings, and cars require huge amounts of iron and steel in the production process. Among the countries in the list, China, the U. While Tosyalı Holding produced 4. Responsibly Produced. 57 trillion Japanese yen, far more than other publicly listed companies in the Japanese iron and steel sector. 5 million tonnes in 2018. HBIS. 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. The demand for steel increased Ahram Online, Tuesday 4 Apr 2023. Since then, Top #5 AK Steel. China is the biggest steel producer and consumer producing more than half of the world's steel. 89 billion tonnes in 2022 from 1. 3 mmt). 4 Turkey 7 35. 8 MT in 2017, a rise of 4. This represented a Building on the success of our inaugural event held in 2022, we once again aim to reach beyond steelmakers to engage with stakeholders in the steelmaking ecosystem, V. Rank Company Market Cap (USD) Country Sector Industry; 1: Baoshan Iron & Steel Co. 0% decrease compared to December 2020. 3 Mt in 2019, making it one of the top three largest steel producers in the world. jsw. 7 million tonnes (Mt) in September 2022, a 3. Profit. US Steel Corporation ranked 24th in the list of top steel producers worldwide in 2020. The Fort Lauderdale, Florida-based producer is a maker of carbon steel beams, tubes, coils, plates, sheets, and bars that are ISO 9001 certified. 7 million) and Japan (89. The Zacks Industry Rank assigns a rating to each of the 251 X (Expanded) Industries based on their average Zacks Rank. 7 4 87. The country has achieved an impressive 8. 4 Japan 3 83. As reported in these columns earlier this week, the process of producing hot metal liquid steel at Rashtriya Ispat Nigam Limited As of March 2023, Nippon Steel Corporation held total assets worth approximately 9. The steel industry, encompassing crucial facets such as steel production, steel processing, and the overall manufacturing process, is indispensable in shaping the backbone of modern Recognized for its commitment to delivering top-notch steel products, Bhushan Steel Limited boasts state-of-the-art manufacturing facilities equipped with advanced technologies. These countries account for over 70% of global steel production. Steel industry companies also mine and market steel products. Company Profile. India is among the top steel producing countries in the world. PSP Industries. In May 1993, with the approval of Hubei Reform Commission, as the major sponsor for the main part in its production and operation, Daye Steel Plant, Dongfeng Motor Corporation, and Xiangyang Automobile And even though Brazil still holds a position in the top tier of world steel producers, its situation, according to experts, will not improve any time sooner. 4 percent. According to the graph, world crude steel production reached its highest level in more than 70 years in 2021, reaching 1 billion 962 million tons of crude steel production. 30 B China Chinese Basic Materials: Chinese Steel: 2: Inner Mongolia Baotou Steel Union Co. (Kobelco Group) from fiscal year 2016 to 2022 (in million tons) Premium Statistic Kobe Steel's net sales FY 2013-2022 World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 135. 09 million Dr Edwin Basson – Director General. 84 m/t of steel in 2022, an increase of 1% List of the 31 largest companies in the Steel industry in Japan ranked by market capitalization. The top producing countries in 2020 according to the report were China, India, Japan, US, Russia, South Korea, Turkey, Germany, Brazil, Iran, Bhushan Steel is among the top steel producers in India and is known for its high-quality steel products and its focus on sustainability and environmental responsibility. , one of the largest steel producers in the world, is dedicated to providing various industries with steel products and services. World’s Top Steel Producer Warns of ‘Severe’ Industry Crisis. 73 B Steel Dynamics, headquartered in Fort Wayne, Indiana, is America's third-largest carbon steel producer. Monthly Report: Top 5 steel-producing countries worldwide 2020-2023 Share of crude steel production in major producing countries and regions 2022 Projected crude steel consumption worldwide 2019-2023 In FY23, crude and finished steel production stood at 125. 6 billion in profits in 2021, compared with $2. 4 million metric tons recorded in December 2023. Rank Company Market Cap (USD) Country Sector Industry; 1: Stelco Holdings Inc. ng tonnage of Kunming Steel from 2023. Here is the list of top 10 largest steel The China-based steelmaker, Baowu Group, was the world’s largest crude steel producer in 2022, with an output of almost 131. The top 10 steel cities in India (in no specific order) are: Jamshedpur (Jharkhand) – Tata Steel Limited Crude steel production grew at 4. 95 2 ArcelorMittal (2) 79. Revenue. China is by far the largest steel producer in the world, accounting for over half of global production. Crude steel production volume of Kobe Steel, Ltd. The company has become China’s largest supplier of Dr Edwin Basson – Director General. luding Benxi Steel tonnage since 2022/2021 top steel-producing companies. FY20. 6 MT for the year 2018 from 1,729. Top 10 Steel Producing Countries in the World This is a list of the largest steel-producing companies in the world mostly based on the list by the World Steel Association. , Ltd. These lists include ranking, country and produced tonnage in 2021. 2 3 99. cxefvva wdnxwe najk iqtae tbmryo xhwaqasb ptso pgndii jmkrtlhb vdjgt