FACT BOOK 2023

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World Steel Industry

Crude Steel Production - Top 30 Steelmakers

(million tons, %)

	Company	Country	2021	2022	Growth rate 22/21
1	China Baowu Group	China	130.6	131.8	1.0
2	ArcelorMittal	Luxembourg	79.3	68.9	-13.1
3	Ansteel Group	China	55.7	55.7	0.0
4	Nippon Steel Corporation	Japan	49.5	44.4	-10.3
5	Shagang Group	China	44.2	41.5	-6.3
6	HBIS Group	China	41.6	41.0	-1.5
7	POSCO Holdings	South Korea	43.0	38.6	-10.1
8	Jianlong Group	China	36.7	36.6	-0.4
9	Shougang Group	China	35.4	33.8	-4.5
10	Tata Steel Group	India	30.6	30.2	-1.3
11	Shandong Steel Group	China	28.3	29.4	4.1
12	Delong Steel Group	China	27.8	27.9	0.3
13	Hunan Steel Group	China	26.2	26.4	0.8
14	JFE Steel Corporation	Japan	26.9	26.2	-2.4
15	JSW Steel Limited	India	18.6	23.4	25.8
16	Nucor Corporation	USA	23.1	20.6	-10.9
17	Fangda Steel	China	20.0	19.7	-1.4
18	Hyundai Steel	South Korea	19.6	18.8	-4.4
19	Liuzhou Steel	China	18.8	18.2	-3.3
20	IMIDRO	Iran	16.7	18.0	7.8
21	SAIL	India	17.3	17.9	3.5
22	Cleveland-Cliffs	USA	18.3	16.8	-8.2
23	NLMK	Russia	17.3	16.0	-7.5
24	Rizhao Steel	China	13.6	15.6	15.2
25	CITIC Pacific	China	14.0	15.0	7.6
26	Techint Group	Argentina	14.9	14.9	-0.3
27	U. S. Steel	USA	16.3	14.5	-11.1
28	Shenglong Metallurgical	China	12.2	14.2	16.9
29	Baotou Steel	China	16.5	14.2	-13.8
30	Jingye Group	China	15.4	14.0	-9.2

Source: worldsteel

Notes on company ownership and tonnage calculations:
- For Chinese companies, the official CISA tonnage publication was used.
- In cases of more than 50% ownership, 100% of the subsidary’s tonnage is included.
- In cases of 30% to 50% ownership, pro-rata tonnage is included.
- Less than 30% ownership is considered a minority interest and therefore not included.