Top 50 global crude steel production companies in 2024
The World Steel Association released the World Steel Statistics 2025. This statistics ranks global steel companies based on crude steel production in 2024 and released the list of top 50 steel companies in the world (Top steelmakers in 2024). China Baowu Steel Group, ArcelorMittal, and Ansteel Group ranked the top three for the rest. In 2024, the global total crude steel production will be 1.885 billion tons, and the total consumption of finished steel will be 1.742 billion tons.
The top ten countries in crude steel production in 2024 are: China (1.005 billion tons), India (149.4 million tons), Japan (84 million tons), the United States (79.5 million tons), Russia (71 million tons), South Korea (63.6 million tons), Germany (37.2 million tons), Turkey (36.9 million tons), Brazil (33.8 million tons) and Iran (31.4 million tons).
The World Steel Association is one of the largest and most active industry associations in the world, with members spread across major steel-producing countries around the world. Members of the World Steel Association cover steel production enterprises, national and regional steel industry associations and steel research institutions, and members' crude steel output accounts for about 85% of the total global crude steel output.
Ranking the company's headquarters location crude steel output in 2024
1. China Baowu Group 130.09 million tons
2. ArcelorMittal Luxembourg 65 million tons
3. Ansteel Group China 59.55 million tons
4. Nippon Steel Corporation, Japan 43.64 million tons
5. Hebei Group (HBIS Group) China 42.28 million tons
6. Shagang Group China 40.22 million tons
7. Jianlong Group China 39.37 million tons
8. POSCO Holdings South Korea 37.79 million tons
9. Shougang Group China 31.57 million tons
10. Tata Steel Group India 31.02 million tons
11. Delong Steel China 29.44 million tons
12. JSW Steel Limited, India 26.95 million tons
13. Hunan Steel Group China 24.9 million tons
14. JFE Steel Corporation (JFE Steel Corporation) Japan 23.53 million tons
15. Jingye Group China 22.72 million tons
16. Nucor Corporation (Nucor Corporation) United States 20.66 million tons
17. Shandong Steel Group China 19.45 million tons
18. Liuzhou Steel Group (Liuzhou Steel) China 19.22 million tons
19. Fangda Steel China 19.1 million tons
20. India Steel Authority Co., Ltd. (SAIL) India 19.1 million tons
21. Hyundai Steel (Hyundai Steel) South Korea 18.36 million tons
22. Rizhao Steel (Rizhao Steel) China 18.3 million tons
23. Cleveland-Cliffs Company (Cleveland-Cliffs) United States 16.4 million tons
24. CITIC Pacific China 16.15 million tons
25. Tsingshan Holding Group (Tsingshan Holding) China 16 million tons
26. Baotou Steel Group (Baotou Steel) China 14.99 million tons
27. Jinan Iron and Steel Group Co., China 14.3 million tons
28. Techint Group Argentina 14.29 million tons
29. US Steel Corporation (US Steel) US 14.18 million tons
30. New Lipetsk Iron and Steel Company (NLMK) Russia 13.6 million tons
31. Xinhua United Metallurgical Holdings Group (Sinogiant Group) China 13.04 million tons
32. Guangxi Shenglong Metallurgical China 12.79 million tons
33. Gerdau SA Brazil 12.78 million tons
34. China Steel Corporation 12.65 million tons in Taiwan
35. Zenith Steel China 1261
36. Anyang Steel Group (Anyang Steel) China 12.5 million tons
37. Fujian Sanming Steel Group (Sanming Steel) China 11.41 million tons
38. Nanjing Steel Group (Nanjing Steel) China 11.35 million tons
39. MMK Russia 11.2 million tons
40. Shaanxi Steel Group (Shaanxi Steel) China 11.02 million tons
41. Severstal Russia 10.38 million tons
42. Thyssenkrupp (thyssenkrupp) Germany 10.26 million tons
43. Steel Dynamics, Inc. United States 10.2 million tons
44. Mobarakeh Steel Company Iran 10.19 million tons
45. Puyang Steel (Puyang Steel) China 9.38 million tons
46. Tosyali Holding Company (Tosyali Holding) Türkiye 9.12 million tons
47. Donghai Special Steel, Hebei, China 9 million tons
48. Jiuquan Steel Group (Jiuquan Steel) China 8.79 million tons
49. Hoa Phat Steel (Hoa Phat Steel) Vietnam 8.71 million tons
50. Erdemir Group Türkiye 8.54 million tons
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