With an increase in production of around 1.5 million tonnes, Arcelor Mittal is confirmed as the world's largest steel producer in 2017.
According to the latest data released by the World Steel Association, the top 10 of the world's major steel mills remains almost unchanged compared to 2016 with the only exception of Nippon Steel & Sumitomo Metal Corporation (NSSMC) and HBIS Group that exchange their positions, with the company headquartered in Japan moving up to third place on the podium.
The Asian continent dominates the ranking, in particular China with 25 steel producers out of 50.
To find an EU steel producer (only 3 in the standings) we have to scroll down to the twenty-ninth position under the heading thyssenkrupp. Unfortunately, the German company also owns the negative record in the list with a production decrease of around 4 million tons and a loss of 14 positions in respect to the previous year.
The first Italian steel mills, off the charts, are Ilva (with 4.73 million tonnes, at the center of a national case) and Acciaieria Arvedi SpA (with 3.19 mt).
In general, we can observe that although with increasing production volumes, almost all steel producers outside Asia are losing positions in favor of their Eastern competitors.
For worldsteel members, the data was sourced from the official tonnage declaration. For Chinese companies, the official CISA tonnage publication was used. In cases of more than 50% ownership, 100% of the subsidiary’s tonnage is included. In cases of 30% to 50% ownership, pro-rata tonnage is included. Unless otherwise specified, less than 30% ownership is considered a minority interest and therefore not included.
Click here to check out the complete list of the top steelmakers in 2017 >>
For what concerns the major steel producing countries, of course China leads the way once again with 831.7 million tonnes of raw steel produced in 2017 (49.2% of the total - 24 mt more than in 2016), followed by Japan (104.7), India (101.4), United States (81.6) and Russia (71.3). Germany is ranked 7th with 43.4 million tonnes, Italy 10th with 24.1.
Further information available on the association's website >>>
You could be interested in reading:
"A bad day for world trade": US tariffs on EU steel and aluminium are now official >>
The one-stop trading platform for the wire & tube industry in China >>
Updated data and figures on stainless steel production and use >>