Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Chinese steelmakers raced in 2020 ahead when the rest of the world was still grappling with the disruption caused by the COVID-19 pandemic. Seven Chinese steelmakers ranked among the top 10 global steel producers with China’s Baowu Group ranking first followed by ArcelorMittal, and then China’s HBIS Group, Shagang Group placed third and fourth. Japan’s Nippon and South Korea’s Posco ranked five and six followed by four Chinese steelmakers Ansteel Group, Jianlong Group, Shougang Group and Shandong Steel Group, according to World Steel Association data.


Posco slipped to the sixth rank, a notch below its ranking in 2019. The steelmaker’s crude production fell 40.58mn mt in 2020, down by 5.9pc from 2019. While Hyundai’s crude production fell by 8.1pc to 19.81mn mt taking it to 16th rank down from 15th in 2019.


Global crude steel output hit 1,878mn mt in 2020, up 0.5pc from 2019, while China’s production rose by 7.0pc to 1,064.8mn mt in the same period. India produced 1,000.3mn mt, Japan 83.2mn mt, US 72.7mn mt, Russia 71.6mn mt and South Korea 67.1mn mt in 2020.


Top steel producers in 2020
1China Baowu Group115.29
3HBIS Group43.76
4Shagang Group41.59
5Nippon Steel Corporation41.58
7Ansteel Group38.19
8Jianlong Group36.47
9Shougang Group34.00
10Shandong Steel Group31.11
11Delong Steel Group28.26
12Tata Steel Group28.07
13Valin Group26.78
14JFE Steel24.36
15Nucor Corporation22.69
16Hyundai Steel19.81
17Fangda Steel19.60
18IMIDRO (5) (e)18.90
19Benxi Steel17.36
20Liuzhou Steel16.91
21Jingye Steel16.30
22Novolipetsk Steel (NLMK)15.75
23Baotou Steel15.61
24Steel Authority of India Ltd. (SAIL)14.97
25JSW Steel14.86
26Rizhao Steel14.40
27Sinogiant Group14.18
28China Steel Corporation14.11
29CITIC Pacific14.09
31Shaanxi Steel13.18
33Zenith Steel12.76
34Techint Group12.55
35Shenglong Metallurgical12.06
36Nanjing Steel11.58
37Magnitogorsk Iron & Steel Works (MMK)11.57
38United States Steel Corporation11.55
39Sanming Steel11.37
41Anyang Steel11.20
42Donghai Special Steel10.88
43Tsingshan Holding10.80
45Metinvest Holding10.16
46Xinyu Steel9.89
47Jiuquan Steel8.75
48Erdemir Group8.53
49Steel Dynamics, Inc.8.40
50Jinxi Steel8.01

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