Top 10 steel companies in the world (2024)

The study of top steel-producing companies in the world reveals a lot of interesting facts.

For example – 6 out of 10 companies in the top 10 list are Chinese. This article explains the top 10 steel companies and gives brief information about the leading companies.

Here is a list of the largest steel producers in the world.

#1 – China Baowu Group

China Baowu Group is a state-owned company headquartered in Shanghai, China. The company is popularly known as Baowu. The company makes various types of steel plates, hot rolled steel, cold rolled steel, steel wires, and so on.

#2 – ArcelorMittal

ArcelorMittal was formed in 2006 with the merger of two steel companies. – Arcelor and Mittal Steel. The company’s headquarters is located in Avenue de la Liberte, Luxembourg. Another interesting fact about the company is – it operates in more than 60 countries. With its steel products range, Arcelor and Mittal caters to various industries including automotive, construction, energy, packaging, transport and so on.

#3 – Ansteel Group

Anteel Group was established in 2010 with the merger of Anshan Iron and Steel Group Corporation. The company has an extensive range of steel products including hot rolled coils, cold rolled sheets, galvanised sheets, colour coated sheets, stainless steel, and so on. In all, the company has 7 production bases in China.

#4 – Nippon Steel Corporation

Nippon Steel Corporation is Japan’s largest steel-making company. The company has a presence in more than 15 countries in the world and its headquarters is located in Tokyo, Japan. Nippon Steel Corporation also offers a wide range of products. The company’s product range includes steel plates, steel sheets, steel pipes and tubes, bars, structural steel, stainless steel and so on. The company caters to many industries including railways, automotive, infrastructure, consumer electronics, energy, etc.

#5 – Shagang Group

Shagang Group’s head office is located in Zhangjiagang (‎Suzhou‎), China. The company has five production bases spread across the country. With an integrated manufacturing process, Shagang Group exports its products to about 100 countries.

#6 – HBIS Group

This state-owned company’s headquarters is situated at Shijiazhuang, Hebei, China. In 2022, the company’s steel production stood at 41 MT. The company offers a range of steel products including steel wire rods, cold-rolled plates, hot-rolled sheets, bars, galvanised steel, steel pipes, etc.

#7 – POSCO Holdings

It is the largest steel maker in South Korea. The company offers a range of steel products including hot and cold rolled steel, silicon steel sheets, stainless steel and so on. These products are used in a variety of industries such as automotive, shipbuilding, home appliance, engineering, and machinery industries.

#8 – Jianlong Group

Beijing Jianlong Heavy Industry Group Co., Ltd. is yet another Chinese steel maker that has made an entry in the list of top 10 steel companies in the world. The company makes a range of steel products including special steel, steel plates, steel tubes, sectional steel products, and so on.

#9 – Shougang Group

It is one of the oldest steel companies in China which was established in 1919. The company has nine production bases across China and it achieved a steel production level of 33.82 MT in 2022. With its wide product range, the company caters to construction, household appliances, etc. Also, the company focuses on quality management and has been awarded an ISO 9001:2000 certificate.

#10 – Tata Steel

The history of Tata Steel dates back to 1907 and since then it has been one of the leading brand in the steel industry. Today, Tata Steel‘s operations are spread in over 25 countries. The company’s largest plant is located in Jamshedpur, Jharkhand. Tata Steel’s Kalinganagar plant is included in the Global Lighthouse Network of the World Economic Forum for the application of Industry 4.0 technologies.

(Also read:Top 10 steel companies in India)

Top steel producing countries in the world

On a concluding note

Every country is focusing in manufacturing sector and working with steel companies closely to strengthen the steel exports with various favourable initiatives. Therefore, we are likely to see more companies entering the list of top 10 steel producing companies in the world.