Maintaining its place as the largest steel company in China, the country that produces the most steel in the world, Baowu Steel Group employs roughly 177,000 employees and exports steel to at least 40 countries. Total Steel Production: 95.5 million tonnes Part of this company’s success and size can be attributed to the merger that formed it, as in 2006, the Luxembourg-based Arcelor and Indian-based Mittal Steel unified to create this colossal company.īelieve it or not, ArcelorMittal provides roughly 10% of the world’s steel. Though ArcelorMittal’s headquarters is in Luxembourg, the company operates in over 60 countries and employs 232,000 people worldwide. With a massive $2.1 billion in profits throughout 2019, ArcelorMittal manages to beat out even their top Chinese competitors on multiple fronts. Total Steel Production: 97.1 million tonnesĭespite being a newcomer to the steel industry, this 15-year-old Luxembourgish-Indian hybrid company has risen through the ranks to become the largest steel company in the world. Headquarters: Luxembourg City, Luxembourg
To answer that, we’ve assembled a list of the 15 largest steel companies in the world, based on their volume of steel production in 2019. These companies provide an unquestionably important service, so who are they? Globally, there are several major players in the steel manufacturing business. Even more striking, that number increases by around 3-5% per year. In 2019 alone, steel companies provided roughly 1,869.9 million tonnes (Mt) of crude steel to governments, businesses, and other private industries all over the world.
Just imagine not being able to use your fridge, drive your car, or take a plane to your next vacation or business destination. From trains to kitchenware, and weapons to furniture, steel is involved in nearly every aspect of modern society.
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