Top 10 Largest Steel Producing Companies in the World

Iron is a very useful metal from ancient age of human civilization. From the Iron Age people made weapons, building structures, household accessories and many other things from iron. Steel has gained that iron’s place but it is also made from iron. So it is the Top 10 Largest Steel Producing Companies in the World. Let’s see which Companies is in the Top 10 Largest Steel Producing Companies in the World.

1. Arcelor Mittal SA-98.2 MMT: Arcelor Mittal SA is the world’s largest steel producing company. They produce more than 6% of global crude steel. The headquarters is located in Luxembourg, Germany. But Arcelor Mittal has operations in over 60 countries and annual gross revenues in excess of $70 billion. It is in the 1st position of these Top 10 Largest Steel Producing Companies in the World.

2. Baosteel – 37.0 MMT: The owner of Baosteel Group Corporation is Chinese state. Baoshan Iron & Steel, Guangdong Iron & Steel, Xinjiang Bayi Iron & Steel etc is the subsidy company of Baosteel. The company produces three kinds of steel such as Straight carbon steels, stainless steels and special steels. 118,500 people work in the company and their annual income is 273 billion RMB. It is in the 2nd position of these Top 10 Largest Steel Producing Companies in the World.

3. POSCO – 35.4 MMT: Pohang Iron and Steel Company is a joint venture of South Korea and U.S.A Steel in California. It is a major steel company in Asia. They produce hot rolled steel, steel plate; wire rod, cold rolled steel, electrical steel and stainless steel products. POSCO is in the 3rd position of these Top 10 Largest Steel Producing Companies in the World.

4. Nippon Steel Corp. – 35.0 MMT: The fourth position of these Top 10 Largest Steel Producing Companies in the World belongs to the Nippon Steel Corporation. It is Japan’s largest steel manufacturer. They produce roughly 35 million metric tons of crude steel annually. More 50,000 people work in the Nippon and is traded on the Tokyo Stock Exchange.

5. JFE Holdings – 31.1 MMT: The fifth position of these Top 10 Largest Steel Producing Companies in the World belongs to the JFE Holdings. The mother company is JFE Steel Corporation. It is a Japanese steel corporation. JFE Steel Corporation was formed in 2002 as a result of the merging of NKK and Kawasaki steel corp. The annual revenue of the company is 2,747.4 billion yen.

6. Jiangsu Shagang Group – 23.2 MMT: Jiangsu Shangang Group is the parent company of Shasteel, the klargest privately –owned steel producer in China. In this company more than 35,000 staff works. The company’s annual capacity is 29 million tons of iron, 35 million tons of steel and 33 million tons of rolled products. It is in the 6th position of these Top 10 Largest Steel Producing Companies in the World.

7. Tata Steel – 23.2 MMT: Tata steel is a subsidiary of the Tata Group. It was established in 1907. It is the biggest Indian steel company. Tata steel has an annual crude steel production capacity of over 28 MMT and has operations in 26 countries. The annual revenue of the company is $22.8 billion. There are more than80, 000 staff works across five continents in this company. It is in the 7th position of these Top 10 Largest Steel Producing Companies in the World.

8. US Steel – 22.3 MMT: The United States Steel Corporation was formed in 1901. It is domestically-owned integrated steel producer in USA. The Headquarter is in the Pittsburgh, Pennsylvania. US steel’s annual revenues is $17.37 billion and more than 42,000 staff works in the company. It is in the 8th position of these Top 10 Largest Steel Producing Companies in the World.

9. Ansteel – 22.1 MMT: Angang Steel Co. Ltd. Is the second-largest Chinese state owned steel producer. It was formed in 1997 and headquarter is in Anshan, in Northern China. The annual revenue of the company is 92.4 billion. Ansteel is in the 9th position of these Top 10 Largest Steel Producing Companies in the World.

10. Gerdau – 18.7 MMT: Gerdau is a Brazilian steel producer and the largest producer of long steel in the America. It was also founded in 1901. The company has an annual production capacity of 25 MMT and operations in 14 countries with over 40,000 employees. It produces long carbon steel, long specialty steel, flat steel as well as forged and cast parts. Gerdau is in the 10th position of these Top 10 Largest Steel Producing Companies in the World.

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