World's Top 10 Steel Producers in CY'18
According to latest data release by World Steel Association (WSA), crude steel production of 66 steel manufacturing countries was reported at 1788.69 MnT in (Jan-Dec) CY'18, increased by 6% in comparison with 1691.20 MnT in CY'17.
Listed below are the world's top steel producing companies as per data released by WSA.
1. Arcelor Mittal- World’s leading integrated steel making company- Arcelor Mittal continues to maintain its position and remained the top steel maker producing 96.42 MnT in CY'18 compared to 97.03 MnT in previous year.
2. China Baowu Group- China Baowu Steel Group Corporation (Baowu Group), established through the consolidation and restructuring of former Baosteel Group Corporation and Wuhan Iron & Steel (Group) Corporation. The company stood 2nd in the list producing 67.43 MnT in CY'18, up 3% Y-o-Y as compared to 65.39 MnT in preceding year.
3. Nippon Steel and Sumitomo Metal Corporation (NSSMC)- Japan based steel making company stood 3rd in the list and stood at 49.22 MnT in CY'18 up by 4% Y-o-Y against 47.36 MnT in previous year.
4. HBIS Group- China based steel making company recorded tonnage of 46.80 MnT in CY'18 over 45.56 MnT in last year.
5. POSCO- South Korean steel making company - POSCO achieved tonnage of 42.86 MnT in CY'18 up by 2% Y-o-Y basis against 42.19 MnT in previous year.
6. Shagang Group- China’s Shagang Group recorded tonnage of 40.66 MnT in CY1'8 increased by 6% Y-o-Y basis compared to 38.35 MnT in previous year.
7. Ansteel Group- China’s Ansteel Group stood in 7th position. The company was formed from merger of Anshan Iron & Steel Group Corporation & Pangang group Co. The company achieved tonnage of 37.36 MnT in CY’18 up by 4% Y-o-Y basis compared to 35.76 MnT in previous year.
8. JFE Steel Corporation- Japanese steel making company- JFE Steel reported tonnage of 29.15 MnT in CY'18, fell by 3% Y-o-Y basis compared to 30.15 MnT in CY’17.
9. Jianlong Group- The largest private-owned enterprise in Tangshan, Hebei province; Jianlong Group produced 27.88 MnT of steel in CY'18 which was 20.26 MnT in preceding year.
10. Shougang Group- China’s state-owned company, Shougang Group stood at 10th position in the list churning out 27.34 MnT of steel in CY'18, down 1% Y-o-Y against 27.63 MnT in previous year.
Indian steel companies also topped the list- The Indian multinational steel making company, Tata Steel produced 27.27 MnT in CY'18. Meanwhile JSW Steel stood at 18th position with tonnage of 16.83 MnT in CY'18 up by 5% Y-o-Y basis against 16.06 MnT in previous year.
Steel Authority of India Limited (SAIL) stood at 20th position in the list recording tonnage of 15.93 MnT in CY'18, up 8% Y-o-Y against 14.8 MnT in CY’17.
source: SteelMint
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