5 Biggest Steel Companies in the World

2. China Baowu Steel Group

Total market cap of the company (in billions of dollars): 15.3

Total revenue of the company in 2019 (in billions of dollars): 43

Total assets of the company in 2019 (in billions of dollars): 48.3

Total profits of the company in 2019 (in millions of dollars): 2,100

Total steel production of the company in 2019 (in million of tonnes): 95.5

The biggest steel company in the biggest steel producting country in the world is China Baowu Steel Group, which was founded 42 years ago in 1978, and has nearly 177,000 employees. The company attracted controversy when the US Stel Corp accused it of stealing secrets, and a probe has been launched to investigate these allegations.