Top steel-producing companies 2020

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 2019/2020 is available from the PDF under the table.

Tonnage is expressed in million tonnes (Mt).

RANK COMPANY TONNAGE 2020
1 China Baowu Group (1) 115.29
2 ArcelorMittal (2) 78.46
3 HBIS Group (3) 43.76
4 Shagang Group 41.59
5 Nippon Steel Corporation (4) 41.58
6 POSCO 40.58
7 Ansteel Group 38.19
8 Jianlong Group 36.47
9 Shougang Group 34.00
10 Shandong Steel Group 31.11
11 Delong Steel Group 28.26
12 Tata Steel Group 28.07
13 Valin Group 26.78
14 JFE Steel 24.36
15 Nucor Corporation 22.69
16 Hyundai Steel 19.81
17 Fangda Steel 19.60
18 IMIDRO (5) (e) 18.90
19 Benxi Steel 17.36
20 Liuzhou Steel 16.91
21 Jingye Steel 16.30
22 Novolipetsk Steel (NLMK) 15.75
23 Baotou Steel 15.61
24 Steel Authority of India Ltd. (SAIL) 14.97
25 JSW Steel 14.86
26 Rizhao Steel 14.40
27 Sinogiant Group 14.18
28 China Steel Corporation 14.11
29 CITIC Pacific 14.09
30 EVRAZ 13.63
31 Shaanxi Steel 13.18
32 Gerdau 13.00
33 Zenith Steel 12.76
34 Techint Group 12.55
35 Shenglong Metallurgical 12.06
36 Nanjing Steel 11.58
37 Magnitogorsk Iron & Steel Works (MMK) 11.57
38 United States Steel Corporation 11.55
39 Sanming Steel 11.37
40 Severstal 11.31
41 Anyang Steel 11.20
42 Donghai Special Steel 10.88
43 Tsingshan Holding 10.80
44 thyssenkrupp 10.73
45 Metinvest Holding 10.16
46 Xinyu Steel 9.89
47 Jiuquan Steel 8.75
48 Erdemir Group 8.53
49 Steel Dynamics, Inc. 8.40
50 Jinxi Steel 8.01

(e) estimate

Notes:

(1) Includes 2020 tonnage of Taiyuan Steel and Kunming Steel, and tonnage of Maanshan Steel and Chongqing Steel, both part of China Baowu Group from 2019
(2) Includes 60% in AM/NS India (former Essar Steel)
(3) Includes tonnage of Serbia Iron & Steel d.o.o. Beograd and MAKSTIL A.D. in Macedonia
(4) Includes Nippon Steel Stainless Steel Corporation, Sanyo Special Steel, Ovako, 40% AM/NS India and 31.2% USIMINAS 
(5) Estimated combined tonnage of Mobarrakeh 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 2020.