Top 8 Steel Companies In World

5. Shagang Group (SZ:002075)

Headquarters: China

Steel Tonnage in 2022: 41.45 million metric tons 

Shagang Group is also on the list of top 20 steel companies in the world, owing to its impressive tonnage. The firm’s steel output quantity was 41.45 million metric tons in 2022, which highlighted a slight decrease from the previous year. For comparative context, the Shagang Group’s steel yield in 2021 was notably higher, at 44.23 million metric tons.