In 2023, China’s Baowu Group was ranked as the world’s largest steel producer. China Baowu Group produced around 130.8 million metric tons of crude steel that year, around 62 million metric tons more than ArcelorMittal, which was second in the ranking.
The world's largest 15 crude steel producers in 2023, by production volume
(in million metric tons)
Characteristic
Production volume in million metric tons
China Baowu Group* (China)
130.77
ArcelorMittal** (Luxembourg)
68.52
Ansteel Group*** (China)
55.89
Nippon Steel Corporation****(Japan)
43.66
HBIS Group (China)
41.34
Shagang Group (China)
40.54
POSCO (South Korea)
38.44
Jianlong Group (China)
36.99
Shougang Group (China)
33.58
Tata Steel* (India)
29.5
Delong Steel Group (China)
28.26
JSW Steel Limited (India)
26.15
JFE Steel (Japan)
25.09
0102030405060708090100110120130140150
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* China Baowu Group includes tonnage of Xinyu Steell **ArcelorMittal includes 60% AM/NS India (former Essar Steel) ***Ansteel Group includes tonnage of Benxi Steel ****Nippon Steel: tonnage includes Nippon Steel Stainless Steel Corporation, Sanyo Special Steel, Ovako, 40% AM/NS India and 31.4% USIMINAS. ***** Hunan Steel is the former Valin Group
The source adds the following information: "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 2023."
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World Steel Association. (June 5, 2024). The world's largest 15 crude steel producers in 2023, by production volume (in million metric tons) [Graph]. In Statista. Retrieved May 12, 2025, from https://www.statista.com/statistics/271979/the-largest-steel-producers-worldwide-ranked-by-production-volume/
World Steel Association. "The world's largest 15 crude steel producers in 2023, by production volume (in million metric tons)." Chart. June 5, 2024. Statista. Accessed May 12, 2025. https://www.statista.com/statistics/271979/the-largest-steel-producers-worldwide-ranked-by-production-volume/
World Steel Association. (2024). The world's largest 15 crude steel producers in 2023, by production volume (in million metric tons). Statista. Statista Inc.. Accessed: May 12, 2025. https://www.statista.com/statistics/271979/the-largest-steel-producers-worldwide-ranked-by-production-volume/
World Steel Association. "The World's Largest 15 Crude Steel Producers in 2023, by Production Volume (in Million Metric Tons)." Statista, Statista Inc., 5 Jun 2024, https://www.statista.com/statistics/271979/the-largest-steel-producers-worldwide-ranked-by-production-volume/
World Steel Association, The world's largest 15 crude steel producers in 2023, by production volume (in million metric tons) Statista, https://www.statista.com/statistics/271979/the-largest-steel-producers-worldwide-ranked-by-production-volume/ (last visited May 12, 2025)
The world's largest 15 crude steel producers in 2023, by production volume (in million metric tons) [Graph], World Steel Association, June 5, 2024. [Online]. Available: https://www.statista.com/statistics/271979/the-largest-steel-producers-worldwide-ranked-by-production-volume/
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