Top 8 Steel Companies In World

2. ArcelorMittal (NYSE:MT)

Headquarters: Luxembourg

Steel Tonnage in 2022: 68.89 million metric tons

ArcelorMittal is the largest steel producing company in Europe by production capacity. The mining giant’s steel production totaled 68.89 million metric tons in 2022. Comparatively, the Luxembourg-based steel manufacturer witnessed a steel outturn of 79.26 million metric tons in 2021 (significantly higher than that of 2022). ArcelorMittal boasts a current market cap of $22.081 billion, and its 2nd highest steel outturn in the world makes it the largest steel producer in Europe.