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 2021/2022 is available in the PDF under the table.

Tonnage is expressed in million tonnes (Mt).

China Baowu Group (1)China131.84130.5611
ArcelorMittal (2)Luxembourg68.8979.2622
Ansteel Group (3)China55.6555.6533
Nippon Steel Corporation (4)Japan44.3749.4644
Shagang GroupChina41.4544.2355
HBIS GroupChina41.0041.6467
POSCO HoldingsSouth Korea38.6442.9676
Jianlong GroupChina36.5636.7188
Shougang GroupChina33.8235.4399
Tata SteelIndia30.1830.591010
Shandong Steel GroupChina29.4228.251111
Delong SteelChina27.9027.821212
Hunan Steel Group (5)China26.4326.211314
JFE Steel CorporationJapan26.2026.851413
JSW Steel LimitedIndia23.3818.591519
Nucor CorporationUnited States20.60(r) 23.131615
Fangda SteelChina19.7019.981716
Hyundai SteelSouth Korea18.7719.641817
Liuzhou SteelChina18.2118.831918
IMIDRO (6)Iran(e) 18.00(e) 16.702023
Steel Authority of India Ltd. (SAIL)India17.9317.332121
Cleveland-CliffsUnited States16.8018.302220
Novolipetsk Steel (NLMK)Russia(e) 16.0017.292322
Rizhao SteelChina15.6313.572433
CITIC PacificChina15.0313.972531
Techint GroupArgentina14.8614.912628
United States Steel CorporationUnited States14.4916.302725
Shenglong MetallurgicalChina14.2112.162838
Baotou SteelChina14.1816.452924
Jingye GroupChina13.9715.383027
China Steel CorporationTaiwan, China13.9615.953126
Sinogiant GroupChina13.9514.343229
Tsingshan HoldingChina13.9212.373337
Gerdau S.A.Brazil13.9014.203430
EVRAZRussia(e) 12.5013.573534
Zenith SteelChina12.2312.763635
Shaanxi SteelChina12.1712.393736
Magnitogorsk Iron & Steel Works (MMK)Russia11.6913.593832
Anyang SteelChina11.189.503946
Sanming SteelChina11.0311.404042
Nanjing SteelChina11.0011.584140
Steel Dynamics, Inc.United States9.738.934448
Donghai Special SteelChina9.6510.424544
Jiuquan SteelChina9.018.754649
Jindal Steel and Power Ltd (JSPL)India8.017.984752
Erdemir GroupTürkiye7.799.024847
Jinxi SteelChina7.437.464957
voestalpine GroupAustria7.427.865053

(e) estimate; (r) revised

(1) Includes tonnage of Xinyu Steel
(2) Includes 60% AM/NS India (former Essar Steel)
(3) Includes tonnage of Benxi Steel
(4) Includes Nippon Steel Stainless Steel Corporation, Sanyo Special Steel, Ovako, 40% AM/NS India and 31.4% USIMINAS
(5) Former Valin Group
(6) Estimated combined tonnage of Mobarakeh Steel, Esfahan Steel, Khuzestan Steel and NISCO

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 2022.