Below is a ranking of the 50 top steel-producing companies. This list is updated in early June every year.

An extended listing of top steel producers in 2023/2022 is available in the PDF under the table.

Tonnage is expressed in million tonnes (Mt).

China Baowu Group (1)China130.77131.8411
ArcelorMittal (2)Luxembourg68.5268.8922
Ansteel Group (3)China55.8955.6533
Nippon Steel Corporation (4)Japan43.6644.3744
HBIS GroupChina41.3441.0056
Shagang GroupChina40.5441.4565
POSCO HoldingsSouth Korea38.4438.6477
Jianlong Group (5)China36.9936.5688
Shougang GroupChina33.5833.8299
Tata Steel GroupIndia29.5030.181010
Delong Steel (6)China28.2627.901112
JSW Steel LimitedIndia26.1523.381215
JFE Steel CorporationJapan25.0926.201314
Hunan Steel Group (7)China24.8026.431413
Nucor CorporationUnited States21.2020.601516
Fangda SteelChina19.5619.701617
Shandong Steel GroupChina19.4529.421711
Hyundai SteelSouth Korea19.2418.771818
Steel Authority of India Ltd. (SAIL)India19.1817.931920
Rizhao SteelChina18.6615.632022
Liuzhou SteelChina18.6218.212119
Cleveland-CliffsUnited States17.2716.802221
Tsingshan HoldingChina16.2813.922332
United States Steel CorporationUnited States15.7514.492426
Baotou SteelChina15.2014.182528
Techint GroupArgentina14.8214.862625
Jingye GroupChina14.5113.972729
Novolipetsk Steel (NLMK)Russia14.24(r) 14.942824
CITIC PacificChina14.1715.032923
Sinogiant GroupChina13.6313.953031
Shenglong MetallurgicalChina13.1214.213127
Magnitogorsk Iron & Steel Works (MMK)Russia12.9911.693237
Gerdau S.A.Brazil12.7413.903333
China Steel CorporationTaiwan, China12.5813.963430
Anyang SteelChina12.3411.183538
Zenith SteelChina11.9212.233635
Shaanxi SteelChina11.8612.173736
Sanming SteelChina11.2411.033939
Nanjing SteelChina11.0011.004040
Mobarakeh Steel CompanyIran10.3310.304242
Steel Dynamics, Inc.United States10.329.734344
EVRAZRussia10.09(r) 12.804434
Donghai Special SteelChina9.439.654545
Jiuquan SteelChina9.019.014646
Jindal Steel and Power Ltd (JSPL)India7.908.014747
Jinxi SteelChina7.537.434949
Jinnan SteelChina7.456.365056

(e) estimated; (r) time series revised; N/R not ranked

(1) Including Xinyu Steel tonnage since 2022. Excluding Kunming Steel tonnage since 2023.
(2) Includes 60% AM/NS India (former Essar Steel)
(3) Including Benxi Steel tonnage since 2021
(4) Includes NIPPON STEEL Stainless Steel Corporation, Sanyo Special Steel and Ovako, 40% AM/NS India and 31.4% USIMINAS
(5) Including Eastern Steel tonnage since 2020
(6) Including Dexin Steel tonnage since 2020
(7) Former Valin Group

Notes on company ownership and tonnage calculations:
For worldsteel members, the data was sourced from their official tonnage declarations. For Chinese companies, the official CISA tonnage publication was used, unless especially noted. In case of more than 50% ownership, 100% of the subsidiary’s tonnage is included, unless specified otherwise. In cases of 30%-50% ownership, pro-rata tonnage is included. Unless otherwise specified in the declaration, less than 30% ownership is considered a minority and therefore, not included. Figures represent ownership ending 31 December 2023.