Who rules the steel industry? The top 100 producers
The kings of steel: 2024 ranking overview
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 2024 compared to 2023.
Regional trends: Asia's dominance
China Baowu Group keeps the throne for this year as the world’s largest steel producer, immediately followed by ArcelorMittal; Ansteel Group also maintained its position on the podium at third place.
The only changes in the top 10 are the Chinese Jianlong Group and South Korean POSCO Holdings swapping places at number 7 and 8, with the former seeing a rise in its production. However, starting from around the 15th position, the landscape shows some marked volatility. Jingye Group, based in China, made quite a dramatic leap, jumping from the 29th position up to the 15th thanks to a sharp rise in output from 14.52 to 22.72 Million tonnes. This surge is largely due to the inclusion of Yingkou Plate’s tonnage starting from 2024, following Jingye’s acquisition or majority control of the company.
Similarly, Hoa Phat Steel from Vietnam has gained numerous positions (now 49th) following a notable increase in output, which highlights a strong performance from Southeast Asia. Another new entry is Türkiye’s Tosyali Holding, climbing to position 46th. Generally speaking, the Asian continent still dominates the ranking, with China alone accounting for 27 of the top 50 steel producers.
Western producers face increasing pressure
Meanwhile, most Western players dropped several spots, reflecting shifts in market dynamics, supply chain restructuring, and possible geopolitical impacts. To find an EU-based company – other than ArcelorMittal – we have to scroll down to the 42nd position under ThyssenKrupp. The first American steel mill is Nucor Corporation, in the 16th position (previously 15th), followed by Cleveland-Cliffs Inc. at 23rd and United States Steel Corporation at 29th (dropped 5 ranks compared to 2023). The biggest Indian steel mill is still Tata Steel Group at 10th place.
In general, we can observe that while the upper portion of the ranking remains stable, the mid-tier and lower-tier positions continue to fluctuate year-over-year, reflecting ongoing competition and shifting production strategies across the global steel industries. Ukrainian Metinvest Holding LLC climbs from No. 110 to No. 92, while Russian producers show moderate shifts: Novolipetsk Steel (NLMK) holds No. 30, Magnitogorsk Iron & Steel Works (MMK) drops to No. 39 (–5), and Severstal moves to No. 41 (previously 39).
Complete ranking of the world’s top steel producers in 2024
| Mt | Ranking | ||||
|---|---|---|---|---|---|
| HQ | 2024 | 2023 | 2024 | 2023 | |
| China Baowu Group | China | 130.09 | 130.77 | 1 | 1 |
| ArcelorMittal | Luxembourg | 65.0 | 68.52 | 2 | 2 |
| Ansteel Group | China | 59.55 | 55.89 | 3 | 3 |
| Nippon Steel Corporation | Japan | 43.64 | 43.66 | 4 | 4 |
| HBIS Group | China | 42.28 | 41.34 | 5 | 5 |
| Shagang Group | China | 40.22 | 40.54 | 6 | 6 |
| Jianlong Group | China | 39.37 | 36.99 | 7 | 8 |
| POSCO Holdings | South Korea | 37.79 | 38.44 | 8 | 7 |
| Shougang Group | China | 31.57 | 33.58 | 9 | 9 |
| Tata Steel Group | India | 31.02 | 29.50 | 10 | 10 |
| Delong Steel | China | 29.33 | 28.26 | 11 | 11 |
| JSW Steel Limited | India | 26.95 | 26.15 | 12 | 12 |
| Hunan Steel Group | China | 24.90 | 24.80 | 13 | 14 |
| JFE Steel Corporation | Japan | 23.53 | 25.09 | 14 | 13 |
| Jingye Group | China | 22.72 | 14.51 | 15 | 29 |
| Nucor Corporation | United States | 20.66 | 21.20 | 16 | 15 |
| Shandong Steel Group | China | 19.45 | 19.45 | 17 | 17 |
| Liuzhou Steel | China | 19.22 | 18.62 | 18 | 21 |
| Fangda Steel | China | 19.10 | 19.56 | 19 | 16 |
| SAIL | India | 19.10 | 19.18 | 20 | 19 |
| Hyundai Steel | South Korea | 18.36 | 19.24 | 21 | 18 |
| Rizhao Steel | China | 18.30 | 18.66 | 22 | 20 |
| Cleveland‑Cliffs Inc. | United States | 16.40 | 17.27 | 23 | 22 |
| CITIC Pacific | China | 16.15 | 15.66 | 24 | 25 |
| Tsingshan Holding | China | 16.00 | 16.28 | 25 | 23 |
| Baotou Steel | China | 14.99 | 15.20 | 26 | 27 |
| Jinan Iron and Steel Group | China | 14.30 | 15.27 | 27 | 26 |
| Techint Group | Argentina | 14.29 | 14.82 | 28 | 28 |
| United States Steel Corporation | United States | 14.18 | 15.75 | 29 | 24 |
| Novolipetsk Steel (NLMK) | Russia | 13.60 | 14.24 | 30 | 30 |
| Sinogiant Group | China | 13.04 | 13.63 | 31 | 31 |
| Shenglong Metallurgical | China | 12.79 | 13.12 | 32 | 33 |
| Gerdau S.A. | Brazil | 12.78 | 12.74 | 33 | 35 |
| China Steel Corporation | Taiwan, China | 12.65 | 12.58 | 34 | 36 |
| Zenith Steel | China | 12.61 | 12.08 | 35 | 37 |
| Anyang Steel | China | 12.50 | 13.50 | 36 | 32 |
| Sanming Steel | China | 11.41 | 11.24 | 37 | 40 |
| Nanjing Steel | China | 11.35 | 11.00 | 38 | 41 |
| Magnitogorsk Iron & Steel Works (MMK) | Russia | 11.20 | 12.99 | 39 | 34 |
| Shaanxi Steel | China | 11.02 | 11.86 | 40 | 38 |
| Severstal | Russia | 10.38 | 11.27 | 41 | 39 |
| thyssenkrupp | Germany | 10.26 | 10.35 | 42 | 42 |
| Steel Dynamics, Inc. | United States | 10.20 | 10.32 | 43 | 45 |
| Mobarakeh Steel Company | Iran | 10.19 | 10.33 | 44 | 43 |
| Puyang Steel | China | 9.38 | 4.89 | 45 | 80 |
| Tosyali Holding | Türkiye | 9.12 | 5.91 | 46 | 67 |
| Donghai Special Steel | China | 9.00 | 9.43 | 47 | 46 |
| Jiuquan Steel | China | 8.79 | 9.01 | 48 | 47 |
| Hoa Phat Steel | Viet Nam | 8.71 | 6.71 | 49 | 62 |
| Erdemir Group | Türkiye | 8.54 | 7.18 | 50 | 55 |
| Jindal Steel and Power Ltd (JSPL) | India | 8.06 | 7.90 | 51 | 49 |
| Donghua Steel | China | 7.95 | 6.07 | 52 | 65 |
| Jiujiang Wire Rod | China | 7.82 | 7.29 | 53 | 54 |
| EVRAZ | Russia | 7.78 | 8.76 | 54 | 48 |
| Jinnan Steel | China | 7.42 | 7.45 | 55 | 53 |
| SSAB | Sweden | 7.35 | 7.78 | 56 | 50 |
| Jinxi Steel | China | 7.33 | 7.53 | 57 | 52 |
| voestalpine | Austria | 6.83 | 7.10 | 58 | 58 |
| Fangtongzhou Holding | China | 6.78 | 6.83 | 59 | 59 |
| BlueScope Steel Limited | Australia | 6.61 | 6.45 | 60 | 63 |
| Salzgitter Group | Germany | 6.39 | 5.71 | 61 | 69 |
| Ezz Steel | Egypt | 6.38 | 6.17 | 62 | 64 |
| Kobe Steel | Japan | 6.09 | 6.03 | 63 | 66 |
| Formosa Ha Tinh | Viet Nam | 6.02 | 5.74 | 64 | 68 |
| Sanbao Steel | China | 6.00 | 5.66 | 65 | 70 |
| Shiheng Special Steel | China | 5.92 | 6.80 | 66 | 60 |
| CELSA Group | Spain | 5.70 | 5.61 | 67 | 71 |
| Kunming Steel | China | 5.49 | 7.14 | 68 | 56 |
| Saudi Iron and Steel Company (Hadeed) | Saudi Arabia | 5.41 | 5.50 | 69 | 73 |
| Commercial Metals Company (CMC) | United States | 5.33 | 5.41 | 70 | 75 |
| Yukun Steel | China | 4.84 | 4.06 | 71 | 90 |
| Gaoyi Steel | China | 4.82 | 4.81 | 72 | 81 |
| Yuanli Group | China | 4.71 | 5.05 | 73 | 77 |
| Stahlbeteiligungen Holding S.A. | Luxembourg | 4.63 | 3.84 | 74 | 94 |
| TMK | Russia | 4.60 | 4.97 | 75 | 78 |
| Aosen Steel | China | 4.58 | 4.77 | 76 | 83 |
| Ruifeng Steel | China | 4.37 | 7.12 | 77 | 57 |
| Ningbo Steel | China | 4.34 | 4.16 | 78 | 87 |
| Taihang Steel | China | 4.19 | 3.55 | 79 | 100 |
| Jiyuan Steel | China | 4.13 | 4.08 | 80 | 89 |
| Huttenwerke Krupp Mannesmann | Germany | 4.12 | 3.90 | 81 | 93 |
| Xinxing Pipes | China | 4.08 | 4.25 | 82 | 86 |
| Jianbang Group | China | 4.07 | 4.27 | 83 | 85 |
| Rockcheck Steel | China | 4.03 | 4.05 | 84 | 91 |
| Longteng Special Steel | China | 3.84 | 3.53 | 85 | 103 |
| Habaş | Türkiye | 3.80 | 3.92 | 86 | 92 |
| Companhia Siderúrgica Nacional (CSN) | Brazil | 3.79 | 3.30 | 87 | 108 |
| Lianxin Steel | China | 3.72 | 3.20 | 88 | 114 |
| Rashtriya Ispat Nigam Ltd (VIZAG Steel) | India | 3.65 | 4.45 | 89 | 84 |
| Hongxing Steel | China | 3.63 | 3.44 | 90 | 105 |
| Zhongyang Steel | China | 3.62 | 3.29 | 91 | 109 |
| Metinvest Holding LLC | Ukraine | 3.54 | 3.26 | 92 | 110 |
| Xianfu Steel | China | 3.50 | 3.38 | 93 | 107 |
| Çolakoğlu Metalurji A.Ş. | Türkiye | 3.43 | 2.55 | 94 | 122 |
| Acciaieria Arvedi SpA | Italy | 3.43 | 3.40 | 95 | 106 |
| Desheng Group | China | 3.43 | 3.75 | 96 | 95 |
| Tianzhu Steel | China | 3.38 | 3.53 | 97 | 102 |
| Mechel | Russia | 3.35 | 3.49 | 98 | 104 |
| Usinas Siderúrgicas de Minas Gerais S.A. (USIMINAS) | Brazil | 3.19 | 2.07 | 99 | 126 |
| Xinwuan Steel | China | 3.18 | 3.70 | 100 | 96 |
| İçdaş | Türkiye | 3.10 | 2.88 | 101 | 121 |
| Dongkuk Steel | South Korea | 3.10 | 3.70 | 102 | 97 |
| Metalloinvest Management Company | Russia | 3.06 | 3.11(r) | 103 | 116 |
| Taishan Steel | China | 3.01 | 3.25 | 104 | 111 |
(e) estimate; (r) revised
The data for Worldsteel members is sourced from their official tonnage declaration. When a company has more than 50% ownership of a subsidiary, the entire tonnage of the subsidiary is included. In cases where ownership ranges from 30% to 50%, the tonnage is included proportionally. It is important to note that ownership below 30% is considered a minority interest and is not included, unless stated otherwise. Figures reflect ownership as of December 31, 2024.
Moving on to the major steel-producing countries, unsurprisingly, China is still in the lead with 1005.1 million tonnes of crude steel produced in 2024, followed by India (149.6), Japan (84.0), the United States (79.5) and Russia (70.7) –Italy slipping to 12th place with 20.0 Mt.
Last update: June 17, 2025
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