Top 5 Steel Companies in World 2022

Updated on: 08/12/2022

1. ArcelorMittal

Largest global steel producers ArcelorMittal is the world’s leading integrated steel and mining company. As of December 31, 2019, ArcelorMittal had approximately 191,000 employees and the biggest stainless steel manufacturers.

ArcelorMittal is the largest steel producer in the Americas, Africa and Europe and is the fifth largest steel producer in the CIS region. ArcelorMittal has steel-making operations in 18 countries on four continents, including 46 integrated and mini-mill steel-making facilities.

ArcelorMittal’s steel-making operations have a high degree of geographic diversification. Approximately 37% of its crude steel is produced in the Americas, approximately 49% is produced in Europe and approximately 14% is produced in
other countries, such as Kazakhstan, South Africa and Ukraine.

ArcelorMittal produces a broad range of highquality finished and semi-finished steel products (“semis”). Specifically, ArcelorMittal produces flat steel products, including sheet and plate, and long steel products, including bars, rods and structural shapes.

In addition, ArcelorMittal produces pipes and tubes for various applications.
ArcelorMittal sells its steel products primarily in local markets and through its centralized marketing organization to a diverse range of customers in approximately 160 countries including the automotive, appliance, engineering, construction and machinery industries.

The Company also produces various types of mining products including iron ore
lump, fines, concentrate and sinter feed, as well as coking, PCI and thermal coal. It is largest in the list of Top 10 Steel Companies in World

2. China Baowu Steel Group Corporation Limited

China Baowu Steel Group Corporation Limited (hereinafter referred to as “China Baowu”), established by consolidation and restructuring of former Baosteel Group Corporation Limited and Wuhan Iron & Steel (Group) Corporation, was officially unveiled on December 1st, 2016. On September 19th, 2019, China Baowu consolidated and restructured with Ma Steel.

China Baowu is a pilot enterprise of state-owned capital investment companies with a registered capital of RMB52.79 billion, an asset scale of over RMB860 billion. The Company is 2nd in the list of Top 10 Steel Companies in World. One of the biggest stainless steel manufacturers in the world.

In 2019, China Baowu continued in maintaining its industrial leadership position with realized steel productivity of 95.46 million tons, gross revenue of 552.2 billion yuan, and total profits of 34.53 billion yuan. Its operation scale and profitability were ranked the first in the globe, making itself 111th among Global Fortune 500 companies.

3. Nippon Steel Corporation

Nippon Steel Stainless Steel Corporation provides steel customers with a wide range of high-quality stainless steel products that includes steel plates, sheets, bars, and wire rods by leveraging its most advanced technologies in the world. This subsidiary has developed the world’s first Sn-added low-interstitial ferritic steel grades, named the “FW (forward) series,” and a new type of duplex stainless steel.

The Company Provide steel plates for large industrial and social structures such as ships, bridges, and high-rise buildings; marine structures for oil and gas extraction; and high performance steel plates used for tanks and other energy-related products.

steel sheet used to make automobiles, electrical appliances, housing, beverage cans, transformers, and other goods. Having production and processing bases worldwide, this unit provides high quality, high-performance products and services in Japan and overseas.

4. HBIS Group

As one of the world’s largest steelmakers, HBIS Group Co., Ltd (“HBIS”) is devoted to providing various industries with the most valuable steel material and service solutions, aiming to become the most competitive steel enterprise.

HBIS has become China’s largest supplier for home appliance steel, second largest for automotive steel and the leading steel supplier for marine engineering, bridges and construction

Recent years HBIS has witnessed the successful controlling stake acquisition of PMC—the largest copper producer in South Africa, DITH—the world’s largest steel products marketing service provider, and Smederevo steel mill—the only large state-owned steel producer in Serbia.

HBIS has directly or indirectly participate and hold more than 70 overseas companies. Overseas assets has reached 9 billion dollars. With the business network throughout over 110 countries and regions, HBIS has been recognized as the most internationalized steel company of China.

Up to the end of 2019, HBIS has almost 127,000 employees, among which about 13,000 overseas employees are included. With revenue of 354.7 billion RMB and total assets of 462.1 billion RMB, HBIS has been the Global 500 for eleven consecutive years and ranks 214th in 2019.

HBIS is also ranks 55th, 17th and 32th respectively for China Top 500 Enterprises, Top 500 Chinese Manufacturing Enterprises and China’s 100 Largest Multinational Companies in 2019.


POSCO was launched on April 1, 1968 with a mission for national industrialization.
As the first integrated steel mill in Korea, Posco has grown to produce 41 million tons of crude steel a year, and has grown to become a global business with production and sales in 53 countries in the world.

POSCO has continued to contribute to the development of mankind through endless innovation and developments in technology, and has become the most competitive steel maker in the world. One of the biggest stainless steel manufacturers in the world.

POSCO will continue to be an enduring company, trusted and respected by people established its management philosophy Corporate Citizenship: Building a Better Future Together. The Company is 4th in the list of Top 10 Steel Companies in World.

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