Largest Steel Producing Companies in the World
Smelted iron is used to make steel by being reduced to the right amount of carbon of which the steel has very many uses. Constructors find it very useful as it is tensile strong and also not very expensive. Some of the uses of steel being in buildings, infrastructure, tools and also used to make other items. The other helpful thing for cargo owners is using snap locs. The industry has really developed considering that steel is on high demand by everyone everywhere in the world. Because of the high demand rate, steel producing companies are very many in the whole world. The article herein lists some of the largest steel producing companies in the world.
One of the largest being ARCELORMITTAL company that operates in quite a number of countries in the world. The steel produced in the company is of great importance to various industries including construction and automobile. The other large steel manufacturer in the world is BAOSTEEL group corporation. It is one of the companies that manufactures the most steel in terms of output. The Chinese steel industry is controlled by this company as it is also ranked in the world to be among the largest companies. The other largest company in the list is NIPPON steel corporation. It also provides steel useful to different industries.
On the list also is HESTEEL GROUL. It has numerous products including automotive steel. POSCO company that was first started in Korea aiming at industrialization is also among the largest steel producing companies in the world of which it also operates on other countries. The other company that is among the largest in the world is JIANGSU SHAGANG which is also the largest private enterprise located in China. The company produces various products one being wire rods.
On the seventh number in the list is ANSTEEL GROUP which also is in China. It mainly focuses on producing upscale products. JFE STEEL corporation is the other one of the largest steel producing companies in the world which has reduced iron making process making it more environmentally friendly. Equipment in this company are of high-quality which also provides high-quality products of steel.
JIANLONG STEEL company is the other one on the list of the largest steel producing companies in the world. The company is also a privately owned enterprise. Lastly, SHOUGANG company is also on the list of the largest steel manufacturers in the world. It is a company that makes use of the new generation recyclable steel process of manufacturing in China. The listed companies are the largest steel producing companies in the world.