largest steel companies

2021/05/21

In 2015, this company produced 97.1 million tons of steel which is down from 98.1 million tons in 2014. It was formed in 2006 by the merger of Arcelor and Mittal Steel. These global companies process raw materials such as iron ore and carbon using blast furnaces and converters, and whose output is continuously cast steel in the form of ingots, and semi-finished products such as billets, blooms, and slabs, as well as liquid steel for castings. Nucor topped the list with more than 22 million tons. Its products are widely used in construction, automobile, coal, machinery, electricity, transportation and household appliances in over than 150 countries and regions. ; Hickman, Ark. ArcelorMittal plans to use its minority shareholding to participate in the future value creation. All maps, graphics, flags, photos and original descriptions 2022 worldatlas.com, Biggest Steel Producing Companies In The World, Top 10 Steel Producing Countries In The World, The Top Steel Producing Countries in Europe, The Biggest Industries In The United States, The Top Cocoa Producing Countries In The World. It was founded in 1968 and didnt hit the global stage until 2011 when it produced 39.1 million tons. The Google ranking from their website is excellent. No company produces more steel in the United States than Nucor Corporation, according to rankings published in the May 2008 issue of American Metal Market. NSSMC is the second largest steel provider across the globe. Should you opt for a traditional or steel base system for your DIY conservatory. With both companies already engaged in a strong relationship, they display high synergistic potential, which will help their integration. 10) JFE Steel Corporation Production has made a strong recovery with 11.94 and 11.26 million units produced in July and August respectively. In 2019, ArcelorMittals revenue totalled US$71 million. The second largest steel producing company in the world is Hesteel Group of China. you're here, check out our informative and insightful article. 15,837 news since 2002 Global steel prices and demand decreased in 2015. This list ranks steelmakers by volume of steel production in millions of tonnes and includes all steelmakers with production over 10 million in 2021. U.S. Steel was second with 16.8 million tons. Coming in at position 5 is South Koreas POSCO, with an output of 41.56 million tonnes. This organization has approximately 130,401 employees and produces stainless steel, special steel, and carbon steel. "At a time when more and more manufacturing jobs are moving overseas, Nucor's approach is to partner with our employees to make our company the safest, highest quality, lowest cost, most productive and most profitable steel company in the world.". Terms and Conditions, Shougang Group is a Chinese state-owned steel company, based in Beijing, it is one of the oldest steel manufacturing businesses in China established in 1919. During 2020, the Covid-19 pandemic caused car manufacturers to shut down plants, causing demand for steel to plummet. For comprehensive information on U.S.-based commercial and industrial suppliers, head over to Thomas Supplier Discovery, where we have a database of over 500,000 commercial and industrial suppliers, including over 2,100 U.S. Steel Suppliers. Welcome to the Thomasnet.com guide to the top US steel companies and global steel manufacturers. In position 2 is China-based China Baowu Steel Group, which is a state-run iron and steel company with a reported output of 63.81 million tonnes. In 2015, this company produced 47.7 million tons of steel, which is only roughly half that of ArcelorMittal. Sabre Steel, Inc., in Farmington Hills, Michigan, offers cold and hot rolled steel products in flat roll form. Reported revenue was $45.75 B. Headquartered in India, Tata companies employ over 581,470 people worldwide. Anshan Iron and Steel Group Corporation (Ansteel Group in short) is a Chinese state-owned steel company headquartered in Anshan, Liaoning. See Fort Lauderdale, Florida is home to Continental Steel & Tube Co. The capacity of HBIS is 30 million tonnes of steel per annum, making the company the largest steel provider in China. The top 25 Global Steel Manufacturers are summarized in table 2 below, ranked in descending order by estimated volume of steel produced based on statistics for 2016 output. In 2012, it made the Global Fortune 500 list at number 146. Nippon Steel & Sumitomo Metal Corporation (NSSMC) The Company produces cold rolled plates, high strength steel bars, steel pipes, and special steel products. Who is the largest steel company in the world?

Cleveland-Cliffs delivered 5.3mm tonnes of flat-rolled steel in 2019. US steel production grew 1% in 2019, representing 5% of total global crude steel production. The rankings by the magazine, its first in recent years, track which company produces the most steel on American soil. The companies shown are selected from suppliers as found on Thomasnet.com, based on user session data from 2018. The top stories of the day delivered to you every weekday. Regol-G Special Steel Services, Inc., located in Wheeling, Illinois, specializes in providing tool steels, abrasion-resistant plates, high strength and wear-resistant bars and alloys, and corrosion-resistant piping. Surface Protection Materials and Plastics Engineering Services, Innovative Safety and Productivity Solutions for Mining Applications, Tyre Repair Equipment and Conveyor Repair Equipment, Thank you for subscribing to Mining Technology, Mining news and in-depth feature articles on the latest mining company deals and projects covering trends in mineral exploration with up to date data on the most mined metal and mineral commodities, Receive our newsletter - data, insights and analysis delivered to you. The World Steel Association compiles a list from its members every year. Asia produced 1,341.6 million tons (mt) of crude steel in 2019, an increase of 5.7% compared to 2018.

Those numbers turned around slightly in 2010. China Baowu Steel Group Corp is a state-owned iron and steel company headquartered in Shanghai, China. Shagang Group is one of the largest private steel and iron enterprises in China, and its headquarters is located in Zhangjiagang City, Jiangsu Province. Who are the top 10 steel producers in the world? As the wind and solar energy sectors around the world continue to register higher growth rates, the infrastructure demand for steel will increase considerably in the coming years. When combined with Arcelor Mittal the group would have produced 16.5mm tonnes, making it the largest producer of flat-rolled steel in North America. This state owned enterprise is headquartered in Shijiazhuang, Hebei, People's Republic of China. Note that due to mergers, year-to-year figures for some producers are not comparable. Stay up to date on industry news and trends, product announcements and the latest innovations. 1. Steel output was 21.95 million tonnes. Russia-based NLMK appears in position 16 with 16.64 million tonnes produced, followed closely by Jianlong Group (#17), Gerdau (#18), China Steel Corporation (#19), and Valin Group (#20). 9. Due to its unique combination of strength, formability and versatility, steel has been widely used in various of industries such as construction, infrastructure, transportation, machinery, electrical appliances etc, thus becoming one of the most vital materials for any economic growth around the globe. ico-arrow-default-right. The new trend in the global steel market will see the rising demand for steel and steel products that are stronger, lighter and meet environmental standards. They also provide specialty piping in alloys including copper-nickel, chromoly, titanium, aluminum, Monel, and Inconel. All Rights Reserved. Find materials, components, equipment, MRO supplies and more. ; Wallingford, Conn.; New Salem, Pa.; Denton, Texas; and Dallas, Ga. Nucor and affiliates are manufacturers of steel products, including carbon and alloy steel in bars, beams, sheet and plate; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; light gauge steel framing; steel grating and expanded metal; and wire and wire mesh. Its main products include steel sheets, plates, shapes, pipes and tubes, stainless and specialty steels, electrical steels, bars and wire rods, and iron powders. The renewable energy facilities made by steel will enable the constructions to be stronger, taller, and lighter, which will increase their productivity as well as reduce carbon emissions associated with their construction. 7,595 companies Automotive components, passenger transportation systems, and naval submarines are just a few of the markets that this company serves. Hesteel Group employs over 124,000 people. The acquisition will be transformative for Cleveland-Cliffs, who will gain access to attractive high end markets with a particular focus on the US automotive industry. In total, Europe produces 47% of the steel, America produces 35% and other regions (Kazakhstan, Ukraine and South Africa) produces 18%. Based in Japan, this organization was created with the merger of two companies: Nippon Steel and Sumitomo Metal. They are also based in China. Jiangsu Shagang is one of the top five Chinas steel producers. HBIS, known as Hesteel Group Company Limited, is a leading Chinese state-owned iron and steel manufacturing group based in Hebei, China. Privacy & Cookie Notice. Thomas uses cookies to ensure that we give you the best experience on our website. This company was created following the merger of Arcelor and Mittal in 2006. What are the steel industry trends for future? In addition to hot and cold-rolled steel, the company offers steel products for electrical applications, galvanized steel, and other metal products including magnesium, aluminum, and titanium. The US produced 87.9 mt of crude steel in 2019, up by 1.5% from a year ago. The company provides steel sheets, electrical sheets, shapes, pipes and tubes, stainless products, steel bars and wire rods etc. In 2015, it produced 34.9 million tons. It is extended in 15 countries with nearly 83, 000 employees.

In Table 1, below, we've outlined steel suppliers/service centers in the USA. 4. Global crude steel production reached 1.87 billion tons in 2019, increased by 3.4% compared to 2018. 7. Nucor, through DJJ, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and non-ferrous scrap. 387 online exhibitors ArcelorMittal will receive 78.2 million shares of Cleveland-Cliffs common stock equating to 16% share in the company. 02792930139, Who rules the steel industry: the top 50 steel producers, Machines for wire, flat wire, and wire rod, Machines for mesh, chains and bent products, Fastener machinery (bolts, screws, rivets, nails), Machines for electric cables and optical fibers, Machines for sheet metal manufacturing and processing, Surface treatment materials and consumables, Heading, extrusion and other forming lubricants, Products for surface treatments and coatings, Insulation, yarns and shielding materials. China has long been leading the way of the worlds top 10 largest steel producing countries. ; Fort Payne, Ala.; Grapeland, Texas, St. Joe, Ind. Also shown in Table 2 is the country in which the manufacturer is headquartered as well as revenue and market capitalization data for those companies where financial data was reported. Want exclusive insights for 30M+ Companies? The Site uses cookies to record users' preferences in relation to the functionality of accessibility. Baosteel Steel producers merged with other companies, split or no longer operating, "worldsteel | Top steel-producing companies", World Steel Association: Top steelmaker in 2018, "World Steel Association: Top steelmaker in 2017", "World Steel Association: Top steelmaker in 2016", "World Steel Association: Top steel-producing companies 2015", "World Steel Association - Top steel-producing companies 2014", "World Steel Association - Top steel-producing companies 2012", World Steel Association: 2012/2013 Top 50 steel-producing companies and rank, https://en.wikipedia.org/w/index.php?title=List_of_steel_producers&oldid=1099352747, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 20 July 2022, at 09:26. South Korea-based Hyundai Steel shows up in position 13 is with 20.09 million tonnes of output. Following in position 3 is Hesteel Group, which was known previously as HBIS Group (Hebei Iron and Steel Group Co.), with some 46.18 million tonnes of output. Number 4 on the list is POSCO, with headquarters in South Korea. ; Berkeley County, S.C.; Decatur, Ala.; Blytheville, Ark. Currently, POSCO has 2 operations in South Korea and a joint-venture in the US state of California. North Americas crude steel production totalled 120 mt in 2019, decreased by 0.8% from 2018. The company has steel products, finishing, building products, fastener, wire and other operations in Florence, S.C.; Norfolk, Neb. For example, production levels reached 1.1 billion tons in 2005, and in 2015, grew to 1.6 billion tons. California Do Not Track Notice. The company will also receive Non-voting Preferred Stock with an approximate value of $373m. In addition, the company provides silicon products, cold-rolled products, hot-rolled products, profile products, plate products and wire rod products etc. ArcelorMittal USA Inc. was third.

Headquarted in Pohang, South Korea, POSCO operates two world's largest mills located in Pohang and Gwangyang which jointly produces 33.7 million tons of steel per annum. Some of the largest steel producers in Asia include China (996.3mt), India (111.2 mt), Japan (99.3 mt), and South Korea (71.4 mt). Position 4 is held by NSSMC Group (Nippon Steel & Sumitomo Metal Corporation), a Japan-based producer whose output was 46.16 million tonnes. Beartech Alloys located in Placentia, California provides standard bar, pipe, and tubing, as well as specialty alloys such as stainless steel, nickel, bronze and copper. Chinas share of global crude steel production increased from 50.9% in 2018 to 53.3% in 2019. 5. 6. A growing demand in the US for SUVs has also driven demand for domestic steel makers. 3. ; Maryville, Mo. The revenue of Tata companies was $103.27 billion (around Rs. via Manzoni 75 - With annual revenue of $17.65B, the company specializes in the manufacturing of hot-rolled steel sheeting. Steel and steel goods have been produced across the globe for over a thousand years. Different alloys of steel are also available with varying chemical compositions and mechanical properties, which also impact the environmental and operating conditions for which the alloy is best suited. BizVibe has redefined the concept of B2B networking by helping buyers select the right supplier. Eagle National Steel of Hutchins, Texas offers structural steel beams, square and rectangular tubing, and structural steel in flats, rounds, squares, and pipe forms, among others. Other worlds top 10 steel producing countries include the US, Russia, South Korea, Germany, Turkey, Brazil, and Iran. The position on the top 25 steel producers is the state-owned Iranian Mines & Mining Industries Development & Renovation (IMIDRO) at 14.02 million tonnes. - Italy: For a company pursuing internationalization, Expometals is an effective tool, as it allows to increase the visibility in the whole world., 381,715 annual visits Iron pellet producer, Cleveland-Cliffs, has entered a definitive agreement for the acquisition of all ArcelorMittal US operations. Luxembourgs ArcelorMittal ranks as the top steel producer, with 95.45 million tonnes of output. Indias crude steel production for 2019 was 111.2 Mt, ranked as the second largest steel producer in the world. What are the key factors driving the steel market growth? 23868 Valmadrera (LC) Italy The purchase of AK steel created a vertically integrated iron ore and steel company. Hebei Iron and Steel Group ; Jewett, Texas; Plymouth, Utah; Auburn, N.Y.; Birmingham, Ala.; Kankakee, Ill.; Jackson, Miss. 2. Posco 624,757 Crore) in 2013-14, with 67.2 percent of this coming from businesses outside India. metric tons), where 1 tonne is equivalent to 1,000 kilograms and is based on output as reported or estimated from 2016, ***Revenue is annual based on 4 quarterly reported values, reported as of 2017 and converted to US dollars using foreign exchange rates as of March 6, 2018, ****Market capitalization values are as of March 6, 2018, and were converted to US dollars using foreign exchange rates as of March 6, 2018. POSCO now produces over 42 million tons of crude steel a year and has grown to become a global business with production and sales in 53 countries in the world. Japan-based JFE Steel comes in at position 8, with 30.29 million tonnes of output and revenues of $31.73B. (The unit tonne is also called a metric ton in the U.S.). ; Brigham City, Utah; Chemung, N.Y.; Phoenix, Ariz.; Fontana, Calif.; Antioch, Calif.; Darlington, S.C.; Oak Creek, Wisc. Ansteel Group Corporation is currently the largest rail and ship plate manufacturer in China, the largest vanadium producer in the world and the largest titanium raw material and important titanium dioxide production base in China. They produce steel products that serve markets including automotive, shipbuilding, bridge construction & engineering, appliances, energy, and containers. Wuhan Iron and Steel Group Please fill the all required fields.!! Nippon Steel & Sumitomo Metal Corporation (NSSMC) was manufactured in association with the Nippon Steel and Sumitomo Metal in 2012. - Italy: We received several requests for quotation through the portal, and more than one brought to a successful conclusion., Cristian Saraceno, Tramev S.r.l. Examples of standard form factors include beams, bars, sheets, coils, plates, pipes, and wire. The steel manufacturer in position 12 is Nucor Corporation, headquartered in Charlotte, North Carolina, with operations across the United States. Jianlong Steel is a subsidiary of Chinas large domestic private enterprise Beijing Jianlong Group, which is engaged in resource exploitation, iron and steel production, shipping, shipbuilding and electrical machinery. This company was established in the year 1968 and has become one of the worlds largest steel manufacturers. In addition, they offer stainless steel shapes in plate, coil, sheet, bar stock, and angle and tube forms. Following in position 14 is Maanshan Steel headquartered in China with 18.63 million tonnes. Prized for its strength, durability, and capability to be recaptured and recycled, steel is an alloy of iron and carbon, and is able to be produced in different grades by the addition of other elements such as nickel and chromium, as in the case of stainless steel. With combined annual revenue from all business units of $51.56B, the company is somewhat unique on this list in that they have diverse business operations of which steel fabrication is just one component. Tick the boxes of the newsletters you would like to receive. Thomas Register and Eastern Steel Corp. in Brooklyn, New York provides an inventory of standard steel forms including bars, plates, grating, tubing, roof decking, and angle shapes. This company provides the steel for areas such as construction, automobiles, civil engineering, energy, resources and railways. The Company produces steel coils, cold rolled steel coils, electrical steels, medium plates, and long steel plates. The company also operates several overseas subsidiaries, including California Steel in the United States, Fujian Sino-Japan Metal in China, and Minas da Serra Geral in Brazil. Flat steel, long steel, plates and wires are its major products. ArcelorMittal plays a major role in supplying it to the markets including household, packaging, automotive and construction. This industry fact sheet is to assist industry professionals, investors, and people in general that are interested in gaining insights into the global steel and steel products industry including: Bizvibes smartB2B marketplace solutionshelp buyers and suppliers in the global steel industry to find and connect with each other, shorten sourcing and purchasing cycles, and maximise profit growth. This organization was founded in 2008 and is comprised of several subsidiaries. Here is the list of top 10 largest steel producing companies in the world. The Company mainly produces and sells steel plates, steel pipes, structural steel, and other metal and chemical products to industries like construction, automobiles, civil engineering, energy, resources and railways in Japan and around the world. Demand for US steel has grown since a 25% tariff was introduced on foreign steel in 2018. Gross tonnage as shown represents the output in millions of tonnes, where 1 tonne is equal to a mass of 1,000 kilograms. E-mail: staff@expometals.net, Copyright (c) 2001 - 2022 - Expometals.net by DELL'ORO di Dell'Oro Davide - VAT NO. Hyundai Steel Company is established as Koreas first steelmaker in 1953 and it has paved the way for sustainable growth by boosting blast furnace business as a new growth engine. The products of Ansteel are sold to more than 60 countries and regions around the world. Baosteel is one of the largest steel providers around the world. Prior to the acquisition, ArcelorMittal accounted for 50% of Cleveland-Cliffss product revenue. ; Seattle, Wash.; Marion, Ohio; Wallingford, Conn.; Memphis, Tenn.; Crawfordsville, Ind. Some of the largest steel producers in the EU include Germany (39.7 mt), Italy (23.2 mt), France (14.5 mt) and Spain (13.6 mt). The Middle East produced 45.3 Mt of crude steel in 2019, an increase of 19.2% on 2018. Skype: expometals In 2015, this company produced 46.3 million tons of steel. They also can perform custom metal fabrications services including machining services, bending, cutting, forming, and drilling, as well as secondary operations such as galvanizing. The mining industry's most comprehensive news and information delivered every month. The company serves major markets such as automotive, construction, household appliances, and packaging. Tata Steel Group is founded by Jamsetji in 1868. Shagang Group currently possesses total assets of RMB150 billion and more than 30,000 employees. The staff is proactive and helpful and the exposure of our brand has improved since we started to work with them. In 2019, ArcelorMittal USA generated revenues of $9.9bn, significantly higher than the $1.99bn generated by Cleveland-Cliffs. Thomas Regional are part of Thomasnet.com. Connect and transact with thousands of top North American companies today Another China-based company, Shandong Steel Group, comes in at position 11, with 23.02 million tonnes of output. Join today to see how BizVibe can help your business grow! 8. Suppliers of steel may be characterized by the specific end products produced and the processes employed. Other significant steel producing companies around the world can be found in the chart below. The global steel industry continues to grow with a strong and steady pace, mainly driven by the rapid development of industrialization and urbanization around the world, while the worlds top 10 largest steel companies are expected to further increase their market share and generate higher revenues through 2020. How much is the global steel market worth? Get Started>>. In return, this trend is also expected to boost the growth of the global steel industry in the near future. The decline in steel prices and demand has caused steel production around the world to decrease. According to the federal reserve, Motor Vehicle Assemblies produced just 3.6 million units during Q2 2020, far lower than an average of 10.88 million units in 2019. The company has two integrated steel mills in South Korea, it also operates a joint venture with U.S. Steel, USS-POSCO, which is located in California, United States.

Nucor's U.S. mills are in Darlington, S.C.; Norfolk, Neb. Germanys ThyssenKrupp ranks in position 15 in steel production, with 17.24 million tonnes of steel output. The company has 232, 000 employees and it produces 10% of the worlds steel. One of the latest trends being observed in the global steel market is the rising demand for steel in the renewable energy industry. They are located in San Diego, California. The nature of the deal allows the worlds largest steel maker to consolidate and diversify its business in the US and become less vulnerable to volatility in the steel industry.