Top 10 Steel Companies in the World in 2021 by Revenue

ArcelorMittal SA, POSCO Holdings Inc, Baoshan Iron & Steel Co Ltd, Nippon Steel Corp, and Nucor Corp are the top 5 steel companies in the world in 2021 by revenue. Cumulatively, the top 10 steel companies in the world generated revenue of $396,431 million, with average revenue growth of 32.7%, where the highest revenue was generated by ArcelorMittal SA ($76,571 million), followed by POSCO Holdings Inc ($66,718 million), while the lowest increases were registered by Angang Steel Co Ltd ($21,190 million). The highest revenue growth was registered by Nucor Corp (81.2%), followed by Hunan Valin Steel Co Ltd (47.2%), while Nippon Steel Corp reported a decline in its revenues by 18.5%. In terms of the geographical split, 8 out of the world's top 10 steel companies are based in Asia, while 1 is based in Europe, and the remaining 1 is based in North America. They employed a total of 581,439 people in 2021. Luxembourg-based ArcelorMittal SA is the largest steel company in the world (by revenue). The company reported revenues of $76,571 million for the fiscal year ended December 2021 (FY2021), an increase of 43.7% over FY2020. The company is an integrated steel manufacturing company. It manufactures and markets a range of finished and semi-finished steel products. As of December 31, 2021, the company had steelmaking operations in 16 countries, including 37 integrated and mini-mill steel-making facilities. It serves the automotive, appliance, engineering, construction, and machinery industries in approximately 160 countries. The company employs 158,000 people. POSCO Holdings Inc is one of the leading steel companies in the world (by revenue). The company reported revenues of $66,718 million for the fiscal year ended December 2021 (FY2021), an increase of 32.1% over FY2020. The company is an integrated steel manufacturing company. It produces and markets steel rolled products and plates globally. POSCO also offers planning, designing, and construction of industrial plants, civil engineering projects, and commercial and residential buildings. The company operates through four reportable business segments: Steel, Trading, Construction, and Others and it employs 36,619 people.