This brief article is the continuation of the detailed overview we did of the top 20 steel companies in the world. If you want to explore the main entities of this structural metal’s mining and exploration, read Top 20 Steel Producing Companies In World.
8. Jianlong Group
Headquarters: China
Steel Tonnage in 2022: 36.56 million metric tons
China’s Jianlong Group is among the top 10 steel companies in the world; its steel output was 36.56 million metric tons in 2022. This throughput was a marked increase from the company’s previous year’s yield of 35.71 million metric tons.
7. POSCO Holdings (NYSE:PKX)
Headquarters: South Korea
Steel Tonnage in 2022: 38.64 million metric tons
POSCO Holdings, from South Korea, reached a steel production tonnage of 38.64 million metric tons in 2022. The company was ranked number six in 2021, but because the production came down from 42.96 million metric tons in 2021 to 38.64 in 2022, its ranking dropped by one point.
6. HBIS Group (SZ:000709)
Headquarters: China
Steel Tonnage in 2022: 41 million metric tons
In 2022, HBIS Group’s steel tonnage totaled 41 million metric tons of steel, making it one of the top steel-producing companies in 2022. The production figure aligns with the company’s ongoing strategy to optimize steel production. Also, HBIS Group jumped a rank up as it was number 7 in 2021 in terms of steel tonnage.
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.
4. Nippon Steel Corporation (TYO:5401)
Headquarters: Japan
Steel Tonnage in 2022: 44.37 million metric tons
Nippon Steel Corporation’s outturn of the metal was 44.37 million metric tons in 2022, as per the World Steel Organization. This volume indicated a considerable decline from its previous year’s production, as in 2021, the corporation’s steel tonnage was 49.46 million metric tons. Also, Nippon Steel Corporation’s massive current market cap of $2.737 trillion shows its expansive footprint and standing in the mining sector.
3. Ansteel Group (HK:0347)
Headquarters: China
Steel Tonnage in 2022: 55.65 million metric tons
Ansteel Group is the third largest steel producing company in the world, owing to its monumental annual tonnage. It maintained a steady steel output of 55.65 million metric tons in 2022. Notably, the company’s production yield was the same in the preceding year and suggests operational consistency amid the dynamically evolving global steel market.
2. ArcelorMittal (NYSE:MT)
Headquarters: Luxembourg
Steel Tonnage in 2022: 68.89 million metric tons
ArcelorMittal is the largest steel producing company in Europe by production capacity. The mining giant’s steel production totaled 68.89 million metric tons in 2022. Comparatively, the Luxembourg-based steel manufacturer witnessed a steel outturn of 79.26 million metric tons in 2021 (significantly higher than that of 2022). ArcelorMittal boasts a current market cap of $22.081 billion, and its 2nd highest steel outturn in the world makes it the largest steel producer in Europe.
1. China Baowu Group (SS:60019)
Headquarters: China
Steel Tonnage in 2022: 131.84 million metric tons
China Baowu Group is the largest steel producing company in the world in terms of steel tonnage volume. The company’s steel production was a staggering 131.84 million metric tons in 2022, slighlty down from its outturn of 130.56 million metric tons in the previous year. China Baowu Group has a current market cap of $121.117 billion and aims to expand its production capacity.
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