Who are the top 10 steel companies in the world?

The 2020 ranking of major world steel manufacturers is available here.

In 2018, 1,808.4 million tonnes of crude steel were produced worldwide. The figure is constantly growing: in 2017 the million tonnes produced were 1,729.8 while in 2008 we were “only” talking about 1343.

Steel is essential in all industries and sectors, it surrounds our every day life and is a crucial asset for the world economy; but who produces it, and where? The answer is given by the World Steel Association, which has recently released the data on world steel output in 2018.

Arcelor Mittal, Luxembourg-based industry giant, is reconfirmed as the largest steel company in the world, while Asian manufacturers share all the other positions of this special ranking.

Top 10 steel companies in the world

Rank Company Headquarter Tonnage (MT)
1 ArcelorMittal Luxembourg 96.42 2 China Baowu Group China 67.43 3 Nippon Steel Corporation Japan 49.22 4 HBIS Group China 46.80 5 POSCO South Korea 42.86 6 Shagang Group China 40.66 7 Ansteel Group China 37.36 8 JFE Steel Corporation Japan 29.15 9 Jianlong Group China 27.88 10 Shougang Group China 27.34  
The first non-Asian company is Nucor Corporation, in 12th place. To find a European company (Luxembourg excluded) we have to scroll down to the 32nd position, with the German thyssenkrupp. If we consider the first 100 largest steel companies in the world, 53 are based in China.

As it is easy to understand from these data, China dominated the world steel market in 2018, producing 51.3% (928.3 MT) of the steel in circulation and consuming 49.9% (835 MT). In 2008 the Chinese market share in terms of steel output was 39.1%. Looking outside the Asian borders, USA produced 4.8% (86.6 MT) of the global steel in 2018 while the EU manufactured 9.3%.

Top steel producing countries

Rank Country Tonnage (MT)
1 China 928.3 2 India 106.5 3 Japan 104.3 4 United States 86.6 5 South Korea 72.5 6 Russia 71.7 7 Germany 42.4 8 Turkey 37.3 9 Brazil 34.9 10 Italy 24.5
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