This is a list of the largest steel-producing companies in the world mostly based on the list by the World Steel Association. The list ranks steelmakers by volume of steel production in millions of tons over time and includes all steelmakers with production over 10 million in 2024.
The World Steel Association features a list from its members every year. Due to mergers, year-to-year figures for some producers are not comparable. Not all steel is the same. Some steel is more valuable than other steel, so the volume is not the same as turnover.
Some of the world's leading steel producers include China Baowu Group and ArcelorMittal. Notable players from China are HBIS Group, Ansteel Group, and Shagang Group. In India, Tata Steel, JSW Steel, SAIL and Jindal Steel and Power are key players in the steel industry. Japan's Nippon Steel Corporation is renowned for quality. POSCO Holdings from South Korea is also a significant contributor.
Steelmakers from multiple different countries, Argentina, Brazil, China, Germany, India, Iran, Japan, Luxembourg, Russia, South Korea, Taiwan and the United States, are included in the list associated with their volumes used as figures.
Top producers by volume + In millions of tonnes (Tg) N° Company Country2024202320222021202020192018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 20071 Baowu 130.09130.77131.84120.0115.3 95.5 67.4 65.4 63.8 60.7 76.4 83.2 79.2 81 - - - -2 ArcelorMittal 65.0068.5268.8979.378.5 97.1 96.4 97 95.5 97.1 98.1 96.1 93.6 97.2 98.2 77.5 103.3 116.43 Ansteel Group 59.5555.8955.6555.6538.2 39.2 36.4 35.8 33.2 32.5 34.3 33.7 30.2 29.8 22.1 20.1 16 16.24 Nippon Steel 43.6443.6644.3749.4641.6 51.7 49.2 47.4 46.2 46.3 49.3 50.1 47.9 33.4Nippon Steel only 35.0 26.5 37.5 35.75 Hesteel Group 42.2841.344141.6443.8 46.6 46.8 45.6 46.2 47.7 47.1 45.8 42.8 44.4 52.9 40.2 33.3 31.16 Jiangsu Shagang 40.2240.5441.4544.2341.6 41.1 40.7 38.4 33.3 34.2 35.3 35.1 32.3 31.9 30.1 26.4 23.3 22.97 Jianlong Steel 39.3736.9936.5636.7136.5 31.2 27.9 20.3 16.5 15.1 15.2 14.3 13.8 12.4 8.8 8.4 6.5 7.88 POSCO 37.7938.4438.6443.040.6 43.1 42.9 42.2 41.6 42 41.4 38.4 39.9 39.1 35.4 31.1 34.7 31.19 Shougang 31.5733.5833.8235.4334.0 29.3 27.4 27.6 26.8 28.6 30.8 31.5 31.4 30 25.8 17.3 12.2 12.910 Tata Steel 31.0229.5030.1830.628.1 30.2 27.3 25.1 24.5 26.3 26.2 25.3 23 23.8 23.5 21.9 24.4 26.511 Delong Steel29.3328.2627.9027.828.326.83.22.63.212JSW Steel 26.9526.1523.3818.614.9 16.3 16.8 16.1 14.9 12.4 12.7 11.8 8.5 7 6.4 5.5 6.3 8.213 Hunan Valin Steel 24.9024.8026.226.8 24.3 23 20.2 15.5 14.9 15.4 15 14.1 15.9 15.1 11.8 11.3 11.1 -14 JFE 23.5325.0926.2026.924.4 27.4 29.2 30.2 30.3 29.8 31.4 31.2 30.4 29.9 31.1 25.8 33 34 15 Jingye Steel 22.7214.5115.416.3 12.6 11.3 10.4 11 11.3 10.5 9.7 7.3 5.8 - - - - -16 Nucor 20.6621.2025.722.7 23.1 25.5 24.4 22 19.6 21.4 20.2 20.1 19.9 18.3 14 20.4 20 -17 Shandong Steel 19.4519.4529.4228.2531.1 27.6 23 21.7 23 21.7 23.3 22.8 23 24 23.2 26.4 21.8 23.818 19.2218.6218.816.9 14.4 13.5 12.3 11.1 10.8 11.4 - - - - - - - -19 Fangda Steel 19.1019.5620.219.6 15.7 15.5 15.1 13.7 13.2 13.6 13.2 3.3 2.6 - - - - -20 Steel Authority of India Limited 19.1019.1817.9317.315.0 16.2 16.3 14.8 14.4 14.3 13.6 13.5 13.5 13.5 13.6 13.5 13.7 13.921 Hyundai Steel 18.3619.2419.619.8 21.6 21.9 21.2 20.1 20.5 20.6 17.2 17.1 16.3 12.9 8.4 9.9 1022 18.3018.6613.614.4 14.2 15 15 13.9 14 11.4 12.7 13.2 11.2 9.8 9.9 7.5 6.2 23 Cleveland-Cliffs16.4017.2716.33.6 24 CITIC Limited 16.1514.1714.014.1 13.6 12.3 8.8 8.4 7.6 7.9 7.7 - - - - - - -25 Tsingshan Stainless Steel 16.0016.2812.4 10.8 11.4 9.3 - - - - - - - - - - - -26 Baotou Steel 14.9915.2016.515.6 15.5 15.3 14.2 12.3 11.9 10.7 10.7 10.2 10.2 10.1 10.1 8.8 9.8 27Jinan Steel14.3015.2728 Techint 14.2914.8214.912.6 14.4 15.4 11.8 8 8.4 9.4 9 8.7 9.5 8.8 6.9 10.4 13.1 29 U.S. Steel 14.1815.7516.3 11.6 13.9 15.4 14.4 14.2 14.5 19.7 20.4 21.4 22 22.3 15.2 23.2 21.5 30 Novolipetsk Steel 13.6014.2417.315.8 15.6 17.4 17.1 16.6 16 16.1 15.5 14.9 12.1 11.9 10.9 11.3 9.7 -31 13.0413.6314.314.210.3 32 12.7913.1212.212.17.6 33 Gerdau 12.7812.7414.213.0 13.1 15.8 16.5 16 17 19 19 19.8 20.5 21.6 14.2 20.4 18.634 China Steel 12.6512.5816.014.1 15.2 15.9 15.3 15.5 14.8 15.4 14.3 12.7 14 12.7 8.9 11 10.935 12.6111.9212.812.8 10.9 8.7 10.4 9.2 9.1 9 8.5 7.6 7 - - - - -36 12.5012.349.5 11.2 10.5 11 10 10.5 10.7 10.9 10.3 7.7 9.4 10.0 8.5 9.0 37 11.4111.2411.4 11.4 12.4 11.7 11.2 10.4 9.6 9.2 8.2 7 5.7 - - - - -38 Nanjing Iron and Steel Company 11.351111.611.6 11 10 9.9 9 8.6 8 6.1 7.2 - - - - - -39 Magnitogorsk Iron and Steel Works 11.2012.9913.6 11.6 12.5 12.7 12.9 12.5 12.2 13 11.9 13 12.2 11.4 9.6 12 13.340 11.0211.8612.413.2 12.5 11.4 10.2 7.3 7.5 7.9 8 6.7 5.2 - - - - -41 Severstal 10.3811.2711.7 11.3 11.9 12 11.7 11.5 14.2 15.7 15.1 15.3 14.7 16.7 19.2 17.3 - -42 ThyssenKrupp 10.2610.3512.0 10.7 12.3 12.6 13.2 17.2 17.3 17.2 15.9 15.1 17.9 16.7 11 15.9 17 43 Steel Dynamics10.2010.3212.211.2 44 Mobarakeh Steel 10.1910.3316.718.9 16.8 16.8 15.6 14 14.1 14.4 14.3 13.6 12.6 11.4 10.6 10 10.1World total - 1,8921.890 1,952 1,878 1,869 1,814 1,733 1,629 1,621 1,671 1,607 1,548 1,490 1,413 1,219 1,329 1,348
Other steel producers Acerinox, Spain Aichi Steel Corporation, Japan Aisha Steel Mills, Pakistan Algoma Steel, Canada Allegheny Technologies, United States Acerias Paz del Rio, Colombia Altos Hornos y Acerías de Corral, Chile Angang Steel Company Limited, China Anyang Steel, China Aperam, Luxembourg Arrium, Australia BlueScope, Australia Böhler, Austria British Steel Ltd, United Kingdom BSRM, Bangladesh Byelorussian Steel Works, Belarus Carpenter Technology Corporation, United States Celsa Group, Spain Commercial Metals Company, United States Companhia Siderúrgica Nacional, Brazil Crucible Industries, United States Donghai Special Steel, China Dongkuk Steel, South Korea Esfahan Steel Company, Iran Erdemir, Turkey Eskoleia Stål, Norway Essar Steel, India Evraz, Russia EZDK, Egypt Handan Zongheng Iron and Steel, China , China Illich Steel and Iron Works, Ukraine Ilva (company), Italy İsdemir, Turkey International Steels Limited, Pakistan ISD Corporation, UkraineMetalBulletin: Top steelmakers 2011 Ittefaq Group, Pakistan Japan Steel Works, Japan Jindal Steel and Power, India Jinxi Iron and Steel, China , China Julien Inc., Canada Kobe Steel, Japan Krakatau Steel, Indonesia Kardemir, Turkey Libyan Iron and Steel Company, Libya Liberty Steel Group, UK Mahindra Ugine Steel, India Marcegaglia, Italy Mechel, Russia Meever & Meever, Netherlands Metaldom, Dominican Republic Metalloinvest, Russia Metinvest, Ukraine Mitsui & Co., Japan MMX Mineração, Brazil MMK-Atakaş Metallurgy, Turkey Mobarakeh Steel Company, Iran Mostostal, Poland Nisshin Steel, Japan Olympic Steel, United States Outokumpu, Finland Pakistan Steel Mills, Pakistan Panzhihua Iron and Steel, China Qatar Steel, Qatar Radius Recycling, United States Rautaruukki, Finland Reliance Steel & Aluminum Co., United States Sahaviriya Steel Industries, Thailand Salzgitter AG, Germany SeAH Beestel, South Korea Sheffield Forgemasters, United Kingdom SIDERPERU, Peru Sidetur, Venezuela Sonasid, Morocco SSAB, Sweden Stelco, Canada Tangshan Guofeng Iron and Steel, China Tenaris, Luxembourg Ternium - Hylsa and Imsa in Mexico, Siderar in Argentina Timken Company, United States Tuwairqi Steel Mills, Pakistan Usiminas, Brazil Vallourec, France Visakhapatnam Steel Plant, India Voestalpine, Austria Votorantim Siderurgia, Brazil
Steel producers merged with other companies, split into other companies or no longer operational AK Steel (bought by Cleveland-Cliffs) Algoma Steel (assets bought by Essar Steel in April 2007) Altos Hornos de México, (defunct in 2024) Arbed (merged in 2002 forming Arcelor) Arcelor (merged with Mittal forming ArcelorMittal) Baosteel Group (merged with Wuhan Group forming China Baowu Steel Group) Benxi Steel Group (merged with Ansteel Group) Bethlehem Steel (assets bought by ISG in 2003. ISG merged with Mittal, now ArcelorMittal) (bankrupted in 2016) British Steel Corporation formed in 1967 when steel was nationalised in the UK. Privatised again in 1988. British Steel plc (merged with Koninklijke Hoogovens (NL) in 1999 to form Corus, now Tata Steel) Carnegie Steel Company (sold to U.S. Steel in 1901) Cockerill-Sambre (acquired by Usinor in 1998, which became part of Arcelor in 2002, now ArcelorMittal) Corus Group (acquired by Tata Steel in 2007) Dofasco in Hamilton, Ontario, Canada (acquired by Arcelor, now ArcelorMittal) Falck Group (turned the production to renewable energy with Falck Renewables) Gruppo Riva (split into ILVA and Riva Forni Electtrici in 2013) Hoesch Stahl AG (acquired by ThyssenKrupp) Inland Steel Company (acquired by Ispat International became Mittal, now ArcelorMittal) International Steel Group (merged with Mittal, now ArcelorMittal) Jones and Laughlin Steel Company (acquired by Ling-Temco-Vought, renamed LTV Steel, acquired by ISG) Koninklijke Hoogovens (merged with British Steel (UK) in 1999 to form Corus, now Tata Steel) Krupp (merged with Thyssen to form ThyssenKrupp in 1999) Kunming Steel, China (merged into China Baowu Steel Group) Lackawanna Steel Company (acquired by Bethlehem Steel in 1922, plants closed in 1982) Laiwu Steel (merged into Shandong Iron and Steel Group) Lone Star Steel Company (acquired by U.S. Steel in 2007) Maanshan Iron & Steel (acquired by China Baowu in 2019) Mittal Steel Company (merged with Arcelor forming ArcelorMittal) National Steel Corporation (acquired by U.S. Steel in 2003) Northwestern Steel and Wire (reorganized and operating as Sterling Steel Company) Pingxiang Iron and Steel (merged with Jiujiang Steel forming Fangda Steel) Republic Steel (merged into LTV Steel, acquired by ISG, merged with Mittal, now ArcelorMittal) Rouge Steel (formerly owned by Ford Motor Corporation; acquired by Severstal in 2004) Steel Company of Wales (absorbed into British Steel Corporation in 1967) Taiyuan Iron and Steel Group (merged into China Baowu Steel Group) Timken (split to form TimkenSteel Corporation in 2014) Thyssen (merged with Krupp to form ThyssenKrupp in 1999) Weirton Steel (acquired by ISG, which merged with Mittal, now ArcelorMittal) Wuhan Iron and Steel Corporation (merged with Baosteel forming China Baowu Steel Group) Youngstown Sheet and Tube (acquired by Jones and Laughlin Steel Company ca. 1977)
References