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Additional Facts 2024

Additional Facts

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World Steel Industry

Crude Steel Production - Top 30 Steelmakers

(million tons, %)


Company Country 2022 2023 Growth rate
23/22
1 China Baowu Group China 131.8 130.8 -0.8
2 ArcelorMittal Luxembourg 68.9 68.5 -0.5
3 Ansteel Group China 55.7 55.9 0.4
4 Nippon Steel Corporation Japan 44.4 43.7 -1.6
5 HBIS Group China 41.0 41.3 0.8
6 Shagang Group China 41.5 40.5 -2.2
7 POSCO Holdings South Korea 38.6 38.4 -0.5
8 Jianlong Group China 36.6 37.0 1.2
9 Shougang Group China 33.8 33.6 -0.7
10 Tata Steel India 30.2 29.5 -2.3
11 Delong Steel China 27.9 28.3 1.3
12 JSW Steel Limited India 23.4 26.2 11.8
13 JFE Steel Corporation Japan 26.2 25.1 -4.2
14 Hunan Steel Group China 26.4 24.8 -6.2
15 Nucor Corporation USA 20.6 21.2 2.9
16 Fangda Steel China 19.7 19.6 -0.7
17 Shandong Steel Group China 29.4 19.5 -33.9
18 Hyundai Steel South Korea 18.8 19.2 2.5
19 SAIL India 17.9 19.2 7.0
20 Rizhao Steel China 15.6 18.7 19.4
21 Liuzhou Steel China 18.2 18.6 2.3
22 Cleveland-Cliffs USA 16.8 17.3 2.8
23 Tsingshan Holding China 13.9 16.3 17.0
24 U. S. Steel USA 14.5 15.8 8.7
25 Baotou Steel China 14.2 15.2 7.2
26 Techint Group Argentina 14.9 14.8 -0.3
27 Jingye Group China 14.0 14.5 3.9
28 NLMK Russia 14.9 14.2 -4.7
29 CITIC Pacific China 15.0 14.2 -5.7
30 Sinogiant Group China 14.0 13.6 -2.3

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.