Additional Facts 2024

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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.