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The 10 Biggest Steel Producers

The world's top ten steel producers 2010

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Total crude steel production in 2010 exceeded 1.4 billion metric tonnes, up 15% from 2009. The world's ten largest steel producers accounted for approximately 25% of this production.

Statistics from the World Steel Association. Steel production statistics are noted alongside the company names and are indicated in millions of metric tonnes (MMT).

Note: The list does not include World Steel Association member companies that are part of consolidations with non-members

1. ArcelorMittal SA - 98.2 MMT

ArcelorMittal S.A. is the world’s largest steel producer, accounting for more than 6% of global crude steel production. Headquartered in Luxembourg, ArcelorMittal has operations in over 60 countries and annual gross revenues in excess of US$ 70 billion (2010).

2. Baosteel - 37.0 MMT

Baosteel Group Corporation (Baosteel) is Chinese state-owned enterprise consisting of Baoshan Iron & Steel Co. Ltd., Guangdong Iron & Steel Group Co. Ltd., Xinjiang Bayi Iron & Steel Co. Ltd., Ningbo Iron & Steel Co. Ltd. along with numerous steel processing, engineering and investment entities.

The company's three major steel production series include straight carbon steels, stainless steels and special steels. At the end of 2010, Baosteel possessed assets valued at RMB 432.1 billion, had an annual operating revenue of RMB 273 billion and employed 118,500 people.

3. POSCO - 35.4 MMT

Established in 1968, Pohang Iron and Steel Company (POSCO) operates two integrated steel mills in South Korea and a joint venture with U.S. Steel (USS-POSCO) in California. Major steel products include hot rolled steel, steel plate, wire rod, cold rolled steel, electrical steel and stainless steel products.

4. Nippon Steel Corp. - 35.0 MMT

Nippon Steel Corporation is Japan's largest steel manufacturer, producing roughly 35 million metric tons of crude steel in 2010. Nippon Steel employs over 50,000 staff and is traded on the Tokyo Stock Exchange.

5. JFE Holdings - 31.1 MMT

JFE Holdings Inc. (Japan) is the parent company of JFE Steel Corp., one of the world's largest integrated steel producers. Operating two major steelworks in Japan, JFE Steel was formed in 2002 as a result of the merging of NKK and Kawasaki Steel Corp. The company had sales of 2,747.4 billion yen in 2010 and is traded on the Tokyo Stock Exchange.

6. Jiangsu Shagang Group - 23.2 MMT

Jiangsu Shagang Group, or Shagang Group, is the parent company of Shasteel, the largest privately-owned steel producer in China. Established in 1975, by the end of 2010 Shasteel possessed assets worth RMB 132 billion and employed more than 35,000 staff. The company's annual production capacity is 29 million tons of iron, 35 million tons of steel and 33 million tons of rolled products.

7. Tata Steel - 23.2 MMT

Tata Steel (formerly Tata iron and Steel Company Limited) is a subsidiary of the Tata Group. Established in 1907, Tata Steel has an annual crude steel production capacity of over 28 MMT and has operations in 26 countries. With operation revenues of US$ 22.8 billion in fiscal 2010, the company also employs over 80,000 staff across five continents.

8. US Steel - 22.3 MMT

The United States Steel Corporation (US Steel) was formed in 1901 and is the largest domestically-owned integrated steel producer in the US. Headquartered in Pittsburgh, Pennsylvania, the company's integrated steel facilities include Gary Works, Great Lakes Works, Mon Valley Works, Granite City Works, Fairfield Works, Lake Erie Works, Hamilton Works and US Steel Kosice (Slovak Republic). US Steel had revenues of US$ 17.37 billion in 2010 and employs approximately 42,000 staff.

9. Ansteel - 22.1 MMT

Angang Steel Co. Ltd. (Ansteel) is the second-largest Chinese state-owned steel producer. Founded in 1997 and headquartered in Anshan, in northeastern China, the company had operating revenues of RMB 92.4 billion and profits of RMB 2.3 billion in 2010.

10. Gerdau - 18.7 MMT

Gerdau is a Brazilian steel producer and the largest producer of long steel in the Americas. Founded in 1901, the company now has an annual production capacity of 25 MMT and operations in 14 countries. With over 40,000 employees, Gerdau produces long carbon steel, long specialty steel, flat steel as well as forged and cast parts.

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