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The steel industry continues to fuel infrastructure, automotive, and manufacturing industries around the globe in 2025. Most production leaders know that a volume versus history measurement is not a competitive differentiator today.
Our list provides a snapshot of the 10 largest steel companies and their recent data, to reveal some of the leaders in the steel industry who are actively embracing new technology and greener approaches to steel and steel making.
Top 10 Steel Companies in the World
| Ranking | Name of the company | Steel production in million tonnes (Mt) in 2024 | Headquarters’ location |
| 1 | China Baowu Group | 130.09 | China |
| 2 | ArcelorMittal | 65.00 | Luxembourg |
| 3 | Ansteel Group | 59.55 | China |
| 4 | Nippon Steel Corporation | 43.64 | Japan |
| 5 | HBIS Group | 42.28 | China |
| 6 | Shagang Group | 40.22 | China |
| 7 | Jianlong Group | 39.37 | China |
| 8 | POSCO Holdings | 37.79 | South Korea |
| 9 | Shougang Group | 31.57 | China |
| 10 | Tata Steel Group | 31.02 | India |
Updated on: Jul. 2025
Source: The above ranking is according to the World Steel Association, Top steel-producing companies 2024/2023
Key Takeaway in Comparison to the Previous Year
- China Baowu Group leads the world in crude steel production with 130.09 million tonnes in 2024 and still holds a large lead in front of the rest of the field.
- ArcelorMittal, in Luxembourg, is the largest non-Chinese producer, dropping a bit to 65.00 Mt, due to not only rationalization but also to establish ESG compliance.
- Jianlong Group is in 7th place at 39.37 Mt, surpassing POSCO, which shows how steadily Jianlong Group has grown in the private sector of China.
- POSCO Holdings, which is a South Korean steel company, is in 8th place with 37.79 Mt, dropping because of major production cuts, and it is shifting substantially as it moves to electric arc furnace production.
- Tata Steel Group is in the top 10 again with 31.02 Mt, due to the expansions in India, and there has been a resurgence in Europe, so its highest volume so far.
2022-23 Ranking List:
| Ranking | Name of the company | Steel production in million tonnes (Mt) in 2022 | Headquarters’ location |
| 1 | China Baowu Group | 131.84 | China |
| 2 | ArcelorMittal | 68.89 | Luxembourg |
| 3 | Ansteel Group | 55.65 | China |
| 4 | Nippon Steel Corporation | 44.37 | Japan |
| 5 | Shagang Group | 41.45 | China |
| 6 | HBIS Group | 41.00 | China |
| 7 | POSCO Holdings | 38.64 | South Korea |
| 8 | Jianlong Group | 36.56 | China |
| 9 | Shougang Group | 33.82 | China |
| 10 | Tata Steel | 30.18 | India |
The above ranking is according to the World Steel Association for 2022-2023.
Global Steel Giants at a Glance
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.
- Product Range: Hot-rolled and cold-rolled steel, electrical steel, silicon steel, stainless steel, steel plates, steel wires.
- Sustainability Goals: Carbon neutrality target by 2050; has made considerable investments in hydrogen-based steel production and digitalized green supply chains.
- Certifications: ISO 9001, ISO 14001, ISO 45001; Lighthouse Factories as recognized by the World Economic Forum (smart manufacturing).
2. ArcelorMittal
ArcelorMittal was formed in 2006 with the merger of two steel companies, Arcelor and Mittal Steel. The company’s headquarters are located in Avenue de la Liberté, Luxembourg. Another interesting fact about the company is – it operates in more than 60 countries. With its steel products range, Arcelor and Mittal cater to various industries including automotive, construction, energy, packaging, transport, and so on.
- Product Range: Flat carbon steel, long steel products, automotive steel, rails, steel pipes, and mining of raw materials.
- Sustainability Goals: Net zero emissions by 2050, with a 35% reduction in Europe by 2030. Promoting DRI (direct reduced iron) and smart carbon technologies.
- Certifications: ISO 50001, ResponsibleSteel™ Certified (first in the world), CDP A-list in climate change.
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.
- Product Range: Steel rails, shipbuilding steel, heavy plates, construction steel bars, cold-rolled sheets, and galvanised sheets.
- Sustainability Goals: Deep decarbonisation roadmap and aligned to its carbon neutrality commitment in 2060; expanding electric arc furnace capacity.
- Certifications: ISO 14001, OHSAS 18001, and Chinese Green Manufacturing awards.
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 are 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.
- Product Range: Automotive steel, railway tracks, seamless pipes, high-tensile strength steel, and stainless steel.
- Sustainability Goals: Carbon neutral by 2050; focuses on COURSE50 and Super COURSE50 technologies in the reduction of blast-furnace CO₂ emissions.
- Certifications: ISO 9001, ISO 14001, and certified Eco-Leaf (Japan), Top Runner Award (METI Japan).
5. HBIS Group
This state-owned company’s headquarters are situated in 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, galvanized steel, steel pipes, etc.
- Product Range: Automotive steel, pipeline steel, steel rebar, steel plate, structural steel.
- Sustainability Goals: HBIS Group wants to cut its CO₂ emissions by 10 percent by 2025 and eventually achieve carbon neutrality by 2060; they are a leader in EAF adoption.
- Certifications: ISO 45001, MIIT China has classified them as a Green Factory, and EPDs.
6. 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.
- Product Range: Long steel products, wire rods, rebars, steel billets, cold-rolled sheets.
- Sustainability Goals: They plan to transition 40 percent of their production to electric arc furnaces by 2026 to reduce emissions.
- Certifications: ISO 14001, ISO 9001; they have a National Green Supply Chain Certification.
7. 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.
- Product Range: Structural steel, steel plates, rebar, wire rods, pipes.
- Sustainability Goals: Committed to cleaner production; investing in steel plants powered by renewables and waste recycling technologies.
- Certifications: ISO 9001, ISO 45001, Certified Green Manufacturing Plant (China).
8. POSCO Holdings
It is the largest steelmaker 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.
- Product Range: Automotive steel, stainless steel, construction steel, high-strength steel, steel for energy pipelines.
- Sustainability Goals: POSCO’s goal is to reach net-zero by 2050; they are rolling out technology to replace fossil fuels with HyREX (hydrogen reduction steelmaking) technology.
- Certifications: ResponsibleSteel™, CDP Climate Change A List, Eco-Product Certification (Korea).
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.
- Product Range: Cold-rolled steel, silicon steel, coated sheets, and plates for bridges, ships, and oil pipelines.
- Sustainability Goals: Focus on industrial relocation and environmental improvement, reducing CO₂ emissions by 18% from 2020 to 2024.
- Certifications: ISO 9001, Environmental Excellence Award from the Beijing Municipal Government.
10. Tata Steel Group
The history of Tata Steel dates back to 1907, and since then, it has been one of the leading brands in the steel industry. Today, Tata Steel‘s operations are spread across 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.
- Product Range: Flat and long products, automotive steel, TMT bars, galvanised coils, CRCA steel, and construction solutions.
- Sustainability Objectives: One of the first Indian companies to commit to net-zero by 2045, clean energy, scrap recycling, and low-control tech at Jamshedpur.
- Certifications: ResponsibleSteel™, ISO 50001, Deming Prize for Total Quality Management, DJSI (Dow Jones Sustainability Index).
(Also read: Top 10 steel companies in India)
Top Steel-Producing Countries in the World
| Country | Steel production in million tonnes (Mt) 2024 |
| China | 1 005.1 |
| India | 149.4 |
| Japan | 84.0 |
| United States | 79.5 |
| Russia | 71.0 |
| South Korea | 63.6 |
| Germany | 37.2 |
| Turkey | 36.9 |
| Brazil | 33.8 |
| Iran | 31.4 |
Source: Updated on Jul. 2025 after the 2024 report released by WSA – World Steel Association.
Growth Factors for Large Steel Producers in 2025
As we are in 2025, leading steel producers have expanded competition on volume to include innovation, sustainability, and digital transformation. Here’s what’s driving growth in 2025:
1. Fast Tracking of Green Steel Commitments
- In 2025, many steel producers have accelerated their net-zero commitments.
- Technologies such as Direct Reduced Iron (DRI) using green hydrogen and Electric Arc Furnaces (EAFs) are being normalized.
- Policies from the EU’s Carbon Border Adjustment Mechanism (CBAM) and India’s green hydrogen mission are accelerating adoption at scale.
2. Infrastructure and Energy Funding is Increasing Demand
- Steel is benefiting from the influx of renewable energy construction (solar, wind, EV infrastructure) and mega infrastructure construction in India, Southeast Asia, and Africa.
- India’s PM Gati Shakti Master Plan is pushing the consumption of structural steel and TMT bars in logistics and urban infrastructure.
- Steel companies are responding by producing products specifically for modular construction as well as products that satisfy green building certifications and requirements.
3. Digital Steel Plants and Predictive Intelligence
- In 2025, all Tier 1 steel plants will have AI predictive maintenance, digital twins, and autonomous inspection tools.
- Real-time tracking of energy usage, smart inventory systems, and Blockchain in supply chains provide increased transparency for uptime.
- Overall, this digital agility can help companies reduce downtime and improve delivery performance in thin-margin markets.
4. Greater Focus on ESG and Circular Economy
- Leading steel companies are publishing annual reports on their ESG initiatives based on the Global Reporting Initiative (GRI) standard.
- Circular economy principles such as steel scrap recycling, zero-water discharge, and waste heat reuse have all been integrated into production cycles.
- Certifications such as ISO 14001, ResponsibleSteel™, and Environmental Product Declarations (EPDs) are a validation of brand credibility in 2025.
Key Challenges Faced by Global Steel Giants in 2025
In 2025, as they confront climate objectives, market shifts, and geopolitical unrest, leading global steelmakers find themselves juggling multiple challenges. While demand is steady in certain regions, steelmakers face increasing pressure to innovate, decarbonize, and operate as normal in an unpredictable environment.
- Carbon Emissions Mandates: Steel makers in every country observe that emissions mandates by governments around the world have increased and continue to push steel makers towards greener technology, i.e., green hydrogen and electric arc furnaces.
- Demand Variability: Parts of the economy, such as automotive and infrastructure still experiencing slow recovery in Western markets means that large volume orders for steel products have become less frequent and palatable.
- Raw Material Price Volatility: Global pricing of iron ore and coking coal remains unpredictable, which is squeezing margins and disrupting long-term agreements between buyers and sellers.
- Geopolitically-induced Supply Risk: Continuing conflicts and blockades through shipping routes, i.e., Red Sea route closures, are delaying shipments and increasing shipping costs.
- Workforce + Tech Shortage: Globally, a shortage of an existing technical workforce is constraining digital transformation and the speed of automation in and around the operation of traditional steel mills.
All things considered, the world’s largest steel makers, all pursuing net-zero status, have dug in on higher levels of R&D, localisation, and circular economy models, which is broadly an underlying reason for continued resilience and future readiness.
Emerging Steel Companies to Watch in 2025
In addition to the usual top 10, 2025 is seeing the emergence of agile, mid-tier steel companies that are innovating new methods of production, marketing, and distribution, while also digitising and implementing sustainable solutions. These mid-tier companies are not just building capacity; they are providing the industry with options to evolve the process of how steel is produced, marketed, and sold all around the globe.
- JSW Steel’s Global Reach: With new capacity in Odisha and a new push to expand into Europe, JSW is likely turning commercial prospects into a serious global player.
- Liberty Steel’s Green Focus: With the GREENSTEEL program, Liberty is focusing on low-carbon steelmaking and circular economy production models.
- AM/NS India’s Growth Momentum: With backing from ArcelorMittal and Nippon Steel, along with technology and scale, AM/NS India is rapidly expanding from Asia into the Middle East.
- Digital-first Steel Startups: Disruptors like Kallanish and Freemelt are entering supply chains and flipping them on their heads with real-time procurement, transactions, and custom alloy solutions.
While these companies are smaller players, they can respond within the market and sustainability mandates, and so are the entities that are most worth watching in the next industrial cycle.
Conclusion
Every country is focusing on the manufacturing sector and working with steel companies closely to strengthen the steel exports with various favorable initiatives. Therefore, we are likely to see more companies entering the list of the top 10 steel-producing companies in the world.
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Updated on 29 July 2025 with the latest 2024-2025 data and ranking to keep this page updated with the latest information.
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Swati is a passionate content writer with more than 10 years of experience crafting content for the business and manufacturing sectors, and helping MSMEs (Micro, Small and Medium Enterprises) navigate complexities in steel procurement, and business services. Her clear and informative writing empowers MSMEs to make informed decisions and thrive in the competitive landscape.
Tata Steel is the only Indian company on the list. I really want to know what makes them stand out compared to other Indian steelmakers.
Tata Steel’s a big deal, not just in India but around the world. They make all sorts of steel products and are always finding new ways to do things better. Plus, they care about the environment, which is important these days. And everyone knows the Tata name, so they’ve got a good reputation. That’s why they’re at the top of the game.
Tata do make quality steel products. they appear to have inherited an ageing infrastructure (Brittish steel) when purchasing Port talbot in Wales and are regularly subsidised to keep it running by a uk government who need to keep the jobs in the uk . constant threats of moving production out of the uk over the previous 20years or more appear to be a game between them and uk government . Tata do not appear willing to pay to modernise, in order to take care of the environment and it is a matter of time before they cease production in Wales, in order to avoid the expense of doing so , or pressurise the uk government to foot the bill or lose the jobs . all the while leaving the workers and people of Port Talbot ,who have relied on the steelworks for generations, in limbo .
guessing that it is based on production ie. how many million tons per annum ? just looked at some figures regarding Tata steel in Port Talbot in Wales , to compare with other Tata steelworks . steel production in China compared to the rest of the world is astronomical but having experience of cheap Chinese steel products i think that it is a case of quantity over quality.
Bhai arcelormittal is Indian based company and citizenship are Indian not Luxembourg some and essar steel group are its parts of this company and after few year you listan that acelor group are operated in Indian and formed it’s headquarters after 2030 .
ArcelorMittal Steel is an Indian company run by Indian named Laxmi Mittal 2nd rank in the world. HQ is on UK
There is no way any Chinesium is best in the world.
Thanks for the sharing very useful information
Thanks for the sharing very useful information…
Looks like US will move up on producing Steel. Cons right now produces over 10 times the amount of Steel as the US. In 1960 US had 7 times the amount of workers in the Steel industry that it has today. At the same time US population has gone up..