ArcelorMittal SA, POSCO Holdings Inc, Baoshan Iron & Steel Co Ltd, Nippon Steel Corp, and Nucor Corp are the top 5 steel companies in the world in 2021 by revenue. Cumulatively, the top 10 steel companies in the world generated revenue of $396,431 million, with average revenue growth of 32.7%, where the highest revenue was generated by ArcelorMittal SA ($76,571 million), followed by POSCO Holdings Inc ($66,718 million), while the lowest increases were registered by Angang Steel Co Ltd ($21,190 million). The highest revenue growth was registered by Nucor Corp (81.2%), followed by Hunan Valin Steel Co Ltd (47.2%), while Nippon Steel Corp reported a decline in its revenues by 18.5%. In terms of the geographical split, 8 out of the world's top 10 steel companies are based in Asia, while 1 is based in Europe, and the remaining 1 is based in North America. They employed a total of 581,439 people in 2021. Luxembourg-based ArcelorMittal SA is the largest steel company in the world (by revenue). The company reported revenues of $76,571 million for the fiscal year ended December 2021 (FY2021), an increase of 43.7% over FY2020. The company is an integrated steel manufacturing company. It manufactures and markets a range of finished and semi-finished steel products. As of December 31, 2021, the company had steelmaking operations in 16 countries, including 37 integrated and mini-mill steel-making facilities. It serves the automotive, appliance, engineering, construction, and machinery industries in approximately 160 countries. The company employs 158,000 people. POSCO Holdings Inc is one of the leading steel companies in the world (by revenue). The company reported revenues of $66,718 million for the fiscal year ended December 2021 (FY2021), an increase of 32.1% over FY2020. The company is an integrated steel manufacturing company. It produces and markets steel rolled products and plates globally. POSCO also offers planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings. The company operates through four reportable business segments: Steel, Trading, Construction, and Others and it employs 36,619 people.
Showing 10 out of 50 companies. ArcelorMittal SA, POSCO Holdings Inc, Baoshan Iron & Steel Co Ltd, Nippon Steel Corp, and Nucor Corp are the top 5 steel companies in the world in 2021 by revenue.
National Steel became one of the largest steel producers in the United States, but by the end of the century, the company was experiencing financial difficulties. Weirton Steel became the largest Employee Stock Ownership Plan (ESOP) steel plant in the world when employees purchased stocks in the 1980s.
In the late 19th and early 20th centuries the world's largest steel mill was the Barrow Hematite Steel Company steelworks located in Barrow-in-Furness, United Kingdom. Today, the world's largest steel mill is in Gwangyang, South Korea.
Skyscrapers are made possible by steel. The housing and construction sector is the largest consumer of steel today, using more than 50% of steel produced.
In January–December 2021, the country produced 118.20 million tonnes of crude steel. This marks a growth rate of 17.9 percent over the corresponding period last year. In 2021, India was the world's second largest consumer of steel, preceded by China as the largest consumer.
China is estimated to have produced 77.2 Mt in January 2024, down 6.9% on January 2023. India produced 12.5 Mt, up 7.3%. Japan produced 7.3 Mt, up 0.6%. The United States produced 6.8 Mt, down 0.3%.
The name Carnegie Steel Company can refer to Carnegie's first steel plant, which opened in 1875, as well as to the vast network of steel mills he built and purchased in the late 1880s and early 1890s.
India has become the 2nd largest consumer of finished steel in the world. The finished steel consumption was 106 million tons (MT) during the FY22. The per capita steel consumption in the World is around 233 kg.
Fundamental to our success has been Nucor's commitment to remaining the employer of choice as well as becoming the World's Safest Steel company for our team of 30,000 men and women, These commitments are essential to our overall success and evident to our core belief that our teammates are the most valuable part of ...
Address: Suite 769 2454 Marsha Coves, Debbieton, MS 95002
Phone: +813077629322
Job: Real-Estate Executive
Hobby: Archery, Metal detecting, Kitesurfing, Genealogy, Kitesurfing, Calligraphy, Roller skating
Introduction: My name is Gov. Deandrea McKenzie, I am a spotless, clean, glamorous, sparkling, adventurous, nice, brainy person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
