Worldsteel Association: Global Top50 steel production companies in 2021

2021 Global Steel Yearbook released by Worldsteel Association on June 7, 2022, the world's top 113 steel companies’crude steel production in 2021 was announced. According to the data, among the top 50 steel producers in the world, 27 Chinese steel companies are on the list. RP/HP/UHP graphite electrode has high physical & chemical indexes for steelmaking. China Baowu Group maintains the first place in the global crude steel output. In 2021, the crude steel output of Ansteel Group increased by 45.7% year-on-year to 55.65 million tons, jumping from the seventh place to the third place in the world. 

Arcelor Mittal remained the top producer among overseas steelmakers, producing 79.26 million tons of crude steel in 2021, a slight increase of 1% year-on-year.

Overseas steel companies with large growth include US steel (+41.1%), mainly due to the complete acquisition of Big River last year. Before that, US steel only owned part of the equity of Big River steel. In 2021, the crude steel output of JSW Steel Limited (JSW) reached 18.59 million tons, a year-on-year increase of 25%. In fact, its output in fiscal year 2022-2021 increased by 35% year-on-year, which includes the output of the subsidiary Bhushan Power (2.72 million tons) and the jointly controlled entity JSW Ispat Special (580,000 tons). In addition, the production capacity of Dolvi's Phase II expansion project was 780,000 tons. In 2021, the crude steel output of Nippon Steel increased by 19% to 49.46 million tons, due to the resumption of some equipment that had been significantly reduced since 2020. Cleveland Cliffs' output increased by 352% year-on-year to 16.3 million tons. The reasons include the incorporation of AK Steel business into the company after March 2020 and the completion of the acquisition of all assets of Arcelor Mittal USA in December 2020, including two iron mines and six steelmaking bases.

Crude steel output of 14 steel enterprises decreased compared with that in 2020, of which 11 were Chinese steel companies. The related reports in Steel and Iron market, we know more.

The top 50 global steel producers in 2021