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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.
List of Top 10 steel companies in the world:
| Ranking | Name of the company | Steel production in million tonnes (Mt) in 2023-24 | Headquarters’ location |
| 1 | China Baowu Group | 130.77 | China |
| 2 | ArcelorMittal | 68.52 | Luxembourg |
| 3 | Ansteel Group | 55.89 | China |
| 4 | Nippon Steel Corporation | 43.66 | Japan |
| 5 | HBIS Group | 41.34 | China |
| 6 | Shagang Group | 41.54 | China |
| 7 | POSCO Holdings | 38.44 | South Korea |
| 8 | Jianlong Group | 36.99 | China |
| 9 | Shougang Group | 33.58 | China |
| 10 | Tata Steel Group | 29.50 | India |
Updated on: Sep. 2024
Source: The above ranking is according to the World Steel Association for 2023-2024 FY
Key takeaway in compare to previous year:
1. HBIS Group moved up one ranking up and Shagang Group moved 1 step down in the ranking.
2. China Baowu Group is still the number 1 company in steel production globally.
3. India’s Tata steel is on 10th position (similar to previous year).
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.
A brief about the companies:
#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
| Country | Steel production in million tonnes (Mt) in 2023-2024 |
| China | 1,019.1 |
| India | 140.8 |
| Japan | 87.0 |
| United States | 81.4 |
| Russia | 76.0 |
| South Korea | 66.7 |
| Germany | 35.4 |
| Turkey | 33.7 |
| Brazil | 31.8 |
| Iran | 31.0 |
Source: Updated on Sep. 2024 after July-24 report released by WSA – World Steel Association
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.
Updated on 19 Sep. 2024 with latest 2023-24 data and ranking to keep this page updated with latest information.
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…