There are a large number of steel producers in the steel industry who are becoming more popular by producing steel in large quantities.
Here is a list of the top 10 steel producing companies in the world.
1. ArcelorMittalArcelorMittal, which operates in more than 60 countries, is headquartered in Avenue de la Liberte, Luxembourg. It was formed in 2006 by the merger of Arcelor and Mittal Steel. The company has 232,000 employees and produces 10% of the world's steel.
ArcelorMittal plays a major role in supplying it to the household, packaging, automotive and construction markets. In total, Europe produces 47% of steel, America 35% and other regions (Kazakhstan, Ukraine and South Africa) 18%.
This multinational steel manufacturing company announced 35 deals around the world at the start of the merger. This company continued its investment by investing in Australia, France, South Africa, Canada, Brazil, Turkey, Costa Rica, Sweden, Venezuela, America and the United Arab Emirates.
2. Nippon Steel & Sumitomo Metal Company (NSSMC).Nippon Steel & Sumitomo Metal Corporation (NSSMC) was formed in 2012 as a joint venture between Nippon Steel and Sumitomo Metal. NSSMC is the second largest supplier of steel worldwide. The program is spread across 15 countries with approximately 83,000 employees. The company provides steel for areas such as construction, automotive, civil engineering, energy, resources and railways.
3. Hebei Iron and Steel Group
Hebei Iron and Steel Group Company Limited was registered in 2008. This state-owned enterprise is headquartered in Shijiazhuang, Hebei, People's Republic of China. The annual capacity of HBIS is 30 million tons of steel, making this company the largest steel supplier in China.
This company mainly produces wire rods, cold-rolled sheet, hot-rolled steel, rod, hot-rolled steel, vanadium pentaoxide, galvanized plate, welded pipe and other products according to the requirements.
4. Biostyle
Baosteel is one of the largest steel supply companies in the world. Baosteel Group was founded in 1978 and is headquartered in Pudong, Shanghai, China. It has 130,401 employees and produces steel products such as special steel, stainless steel, carbon steel, which are exported to more than 40 countries. This equipment is provided for areas such as automobiles, petrochemicals, transportation, nuclear energy, household appliances, metalworking, energy, machinery manufacturing, electronic instruments, and aerospace.
5. Wuhan Iron and Steel Group
Wuhan Iron and Steel Corporation is headquartered in Wuhan, Hubei, People's Republic of China. This company was founded in 1958 and is known as the first super-huge iron and steel complex in China. In addition, the company offers silicone products, cold-rolled products, hot-rolled products, profile products, plate products and wire rod products, etc.
6. Posco
Pohang Iron and Steel Company, commonly called POSCO. This company was established in 1968 and has become one of the largest steel producers in the world.
Headquartered in Pohang, South Korea, POSCO operates two of the world's largest plants in Pohang and Gwangyang, which together produce 33.7 million tons of steel per year. Flat steel, long steel, plates and wires are its main products.7. Jiangsu Shagang
Jiangsu Shagang is one of the top five steel producers in China. It was founded in Hanjiagang, Jiangsu, China in 1975. It produces nearly 18 million tons of iron annually, and its production line includes wire rods, hot coils, bars and slabs.
8. Tata Steel Group
Tata Steel Group was founded by Jamsetji in 1868. Headquartered in India, the company employs more than 581,470 people worldwide. Tata companies' revenue was $103.27 billion (about Rs. 624,757 crore) in 2013-14, of which 67.2 percent came from operations outside India.
9. HYUNDAI STEEL CO.
Hyundai Steel Company was founded in 1953 as Korea's first steel manufacturer, paving the way for sustainable growth by strengthening the blast furnace business as a new growth engine.
10) JFE Steel Company
JFE Steel was founded in 1950 and is based in Tokyo, Japan. The company was formerly known as Kawasaki Steel Corporation and changed its name to JFE Steel Corporation in April 2003. The company offers steel sheets, electrical sheets, shapes, tubes and pipes, stainless products, steel bars and wire rods, etc.