Top 10 Iron and Steel Companies in the World 2015

Here is a list of the top 10 iron and steel companies in the world in 2015. These iron and steel manufacturing companies are one of the most prominent players in the sector due to their sheer vast size of operations and their requirements in every other sector like construction, consumer goods, infrastructure etc. This list consists of big players like Arcelor Mittal, Citic Pacific, Vale etc.

1) Citic Pacific

A Chinese iron and steel producing giant, Citic Pacific was founded in 1990 and is headquartered in Hong Kong island, Hong Kong.

Citic Pacific is a diversified company focusing primarily on special steel manufacturing, estate property and iron ore mining, supplying the raw material needed in the manufacture of special steel and real estate development in China involves in the manufacture, production, and sale of iron and steel. It operates in four areas:
• Special Steel
• Iron Ore Mining
• Real Estate Development
• Other Business divisions.

It has two diverse steel plant located at Xingcheng Special Steel and Xin Yegang. Citic group has 58% majority share in the company with other shareholder spread all across the world.
Sales: $51.9 bn
Profits: $5.1 bn
Assets: $767 bn
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2) Arcelor Mittal

Founded in 1976 and based in Luxembourg ArcelorMittal is involved in steelmaking and activities such as mining etc.
It was created by acquisition of Arcelor by Mittal steel in June 2006. With a workforce of more than 230000 employees it is the largest crude steel producer worldwide by volume ( around 103,800,000 MT ). It manufactures array of diverse products such as high scale, long and flat products, such as slabs, coils(hot rolled and cold cold-rolled), stainless steel products, plates etc. In February 2014, it collaborated with Nippon Steel & Sumitomo Metal Corporation and tookover ThyssenKrupp Steel USA, a steel processing plant located in Calvert, Alabama.
Sales: $79.2 bn
Profits: $1.1 bn
Assets: $99.2 bn
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3) Vale

With having access to 85 percent of Brazil’s approximate 300 million tonnes of iron ore produce, Vale is one of the most successful and prominent iron and steel multinational.
Vale operations spread across manufacture, production and sale of iron and steel . The company was founded in 1942 by Getulio Vargas. It is headquartered in Janeiro, Brazil. Vale is the largest and second largest producer of iron ore and of nickel contributing significantly to Brazil’s total exports. Vale has several divisions:
1. Bulk material
2. Basic metals
3. Fertilizers

Sales: $37.5 bn
Profits: $405 mn
Assets: $116.4 bn
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4) Posco

A South Korean multinational company , Posco is Pohang, South Korea based Iron and steel company.

It primarily focuses on production and sale of steel products. Presently, its production base is located at Phang and Gwangyang in South Korea. With an approximate production of 35,000,000 MT of the steel it is the 4th largest producer in the world. It manufactures crude steel, flat and long steel products, wires, rods, bars etc. It always has an investment outlook towards developing countries and thus as a part of its growth strategy in June 2005, it signed a Memorandum of Understanding with India to build a plant and surge their annual production capacity.
Sales: $61.8 bn
Profits: $563 mn
Assets: $77.6 bn
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5) Nippon Steel and Sumitomo Metal

Nippon Steel & Sumitomo Metal Corporation was formed in 2012 after the amalgamation of two big iron and steel players : Nippon Steel and Sumitomo Metal.

Nippon Steel & Sumitomo Metal Corporation by volume produces the second most quanitity of steel globally. Having its headquarter at Chiyoda, Tokyo, Japan it has spread its operations across the globe. Various associates of Nippon Steel and Sumitomo Metal are Nippon Steel Engineering, Nippon steel raw Material and Nippon Chemicals. It also engages in high scale engineering structures , generation of electricity, ferrous and non-ferrous metals etc.. To grow further it has joined hands with various local companies of developing countries .
Sales: $53.5 bn
Profits: $1.9 bn
Assets: $60 bn
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6) JFE Holding

It is a Japan based corporation and headquartered in Tokyo, Japan.

It was formed in 2002 by the amalgamation of two giants: NKK and Kawasaki Steel Corporation being Japan’s second and third largest steel manufacturer at the time. With core business of steel production , it is involved in diverse business operations such as high scale engineering, ship building segment, real-estate development etc. JFE holding is the sixth largest producer of crude steel in the world with approximate production of 33,000,000 MT by volume . JFE Holdings has several subsidiaries including JFE Engineering, JFE Steels and JFE Shoji
Sales: $36.3 bn
Profits: $1.3 bn
Assets: $38 bn
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7) Baoshan Iron and Steel

A Chinese Iron and steel producing company, Shanghai Boasteel Corporation is commonly known as Boasteel.

It is a state-owned iron and steel company Started in 1978 in Shanghai it is relatively younger compared to other iron and steel producer of the world. With revenue exceeding $21.5 bn and producing array of diverse products, Boasteel along with its associated companies is the third largest producer of the crude steel worldwide with an approximate production of 35,400,000 MT. It has a workforce of more than 130000 employees globally .
Sales: $30.4 bn
Profits: $940 mn
Assets: $37 bn
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9) Kobe Steel

A Japanese Iron and Steel company, Kobe Steel was founded in Kobe, Japan in September 1905.

In its century long history of existence it has spread its operation globally. Along with steel products it also produces diverse products such as Titanium products, structured material, cranes, a welding material etc. Various segments of its business operation are: Welding, Aluminum and Copper, Machinery, Kobelco construction machinery and cranes etc. It has around 36000 employees worldwide and around 208 subsidiary and 62 affiliate companies.
Sales: $17.7 bn
Profits: $ 666 mn
Assets: $19 bn
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10) Nucor

Nucor Corporation an multinational American company is primarily known for manufacturing of steel and production for steel products.
Having started in 1940, the company principally operates in the following segments:
Steel Mills
Steel Produce
Raw materials

It is the largest steel producer in the US and exports its produce to manufacturer and service centres across Mexico, Canada etc. It has an employee base of more than 20000 employees worldwide and has a revenue of more than 19 billion globally.
Sales: $21.1 bn
Profits: $ 712 mn
Assets: $15.6 bn

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