In this article we are going to list the 5 biggest steel companies in the world. For a detailed coverage of this topic and a more comprehensive list, please take a look at the 15 biggest steel companies in the world.
5. POSCO (NYSE:PKX)
Total market cap of the company (in billions of dollars): 12.1
Total revenue of the company in 2019 (in billions of dollars): 53.2
Total assets of the company in 2019 (in billions of dollars): 67.6
Total profits of the company in 2019 (in millions of dollars): 1,300
Total steel production of the company in 2019 (in million of tonnes): 43.1
Having been established 52 years ago in 1968, POSCO is the largest steel making company in South Korea. The company has close to 30,000 employees and has more than a dozen subsidiaries as well.
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4. Hesteel Group
Total market cap of the company (in billions of dollars): 3
Total revenue of the company in 2019 (in billions of dollars): 16.5
Total assets of the company in 2019 (in billions of dollars): 30
Total profits of the company in 2019 (in millions of dollars): 347.2
Total steel production of the company in 2019 (in million of tonnes): 46.6
The second biggest steel producer in China is Hesteel Group, whihc was estalished 12 years ago in 2008, and changed its name in 2016. The company, like most major companies in China, is owned by the government.
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3. Nippon Steel
Total market cap of the company (in billions of dollars): 7.9
Total revenue of the company in 2019 (in billions of dollars): 55.7
Total assets of the company in 2019 (in billions of dollars): 71.4
Total profits of the company in 2019 (in millions of dollars): 2,300
Total steel production of the company in 2019 (in million of tonnes): 51.7
Formed in 2012, the company came into existence through the merger of Sumitomo Metal and the old Nippon Steel. The company in 2013 was forced to pay around $88,000 each to four South Korean workers who were forced to work during World War II and filed for restitution decades later.
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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.
1. ArcelorMittal (NYSE:MT)
Total market cap of the company (in billions of dollars): 11.1
Total revenue of the company in 2019 (in billions of dollars): 70.5
Total assets of the company in 2019 (in billions of dollars): 87.9
Total profits of the company in 2019 (in millions of dollars): -2,500
Total steel production of the company in 2019 (in million of tonnes): 97.1
Topping the list of the 5 biggest steel companies in the world is ArcelorMittal, which is an Indian and Luxembourgish company which has headquarters maintained in Luxembourg. The company is also listed in the United States, and is also one of the most recently established companies in our list, having been founded 14 years ago in 2006. The company now has close to 200,000 employees and has plants in Brazil, Belgium, Ukraine, Kazakhstan, Czech Republic, Poland, Mexico, Romania, Algeria, Canada, Italy and the United States.
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