Steel as we know it, plays a major role in almost every concrete structure or skyscraper there is to think of. Without steel, establishing almost every major monument or building we see now would be an impossibility. So well known is the significance and the strength of steel to hold great buildings intact that the world’s first and one of the strongest known superheroes of all time in the comic world, superman himself is dubbed, the man of steel. Such is the influence of steel in our modern world.
A blend of Iron, limestone and some other key elements, this substance is one of the major contributors to holding the largest of the bridges, towers, and other structures intact. It comes as no surprise that almost all the countries in the world are diving headfirst into the race of becoming the world’s largest producers of steel. Not only gigantic structures, but also a major part of complex electronic components, mechanical engines, automobiles, and much more require steel in vast quantities. Even imagining the vast machines, engines and automobile components would be meaningless without steel. It is one of the commonly available material with a tensile strength of epic proportions.
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Keeping all this in mind, here is the list of the top 10 steel manufacturing companies of the world
These are the largest manufacturers and have recorded highest profit and revenue all around the world:
This is one of the leading producer of the steel and the head office of its located at Kobe, Japan. The company was founded in the year 1905. Its revenue by sales is about $18.10 billion while estimated profit is about $0.6 billion. The assets of the company were about $21.20 billion. With a market value of about $4.8 billion, the company makes it into the top 10 list of the largest steel manufacturers in the world.
This company is one of the famous company which has its head quarters in Porto Alger, Brazil. It’s known for its use of pig iron and other metals. The revenue by sales of this company is about $19 billion. The profits gained by this company is about $0.20 billion. The assets of this company ranked at 9th position in our list is about $24.80 billion and the market value reported to be about $2.90 billion.
8. Nucor :
More than anything else this company is known as America’s largest recycling company. The company was established in the year 1905 with its head quaters is located at Charlotte, NC. The sales of this company is about$19.10 billion. The profit of this company is about $0.50 billion. The assets of this company is about $15.20 billion. The market value of it is about $16.10 billion, thus making it to 8th spot.
7. Tata Steels:
Started in the year 1907 this company is head head quartered in Bombay. The sales of this company is about $23.80 billion. The profits gained by this company is about $1.30 billion. The assets owned by the company is about $27.20 billion. And the market value of this company is about$6.50 billion and is one of the biggest conglomerates in India.
6. Baoshan Iron and Steel:
This Company was founded in the Shanghai, China. It was established in the year 2000. This company takes the 6th spot in our list and it reported sales is about $30.80 billion. The profits of the Company is about $0.70 billion. The assets of the company is about $37.40 billion. The market value of the company is about $10.40 bill.
5. JFE Holdings:
At the 5th position is this company, which was established in the year 2002. The head quarters of this company is located in Tokyo, Japan. The sales of the company is about $36.10 billion. The profit of the company is about $1 billion. The assets of the company is about $40.10 billion. The market value of the company is about $40.10 billion.
The company is established in the year 1942. Its headquarters is located at Janeiro, Brazil. The profit of this company is about $0.10 billion. The net assets of Vale is about $123.70 billion and its market value by market capitalization is about $72.40 billion. Thus, the company makes it to the 4th position in the list.
3. Nippon Steel and Sumitomo Meta:
At the 3rd spot in our list is the company, which was established in the year 2012. The head quarters of this company is located at Fuji. The revenue gathered by sales of is reported to be about $54.80 billion. The profits of this company in the year 2015 was about $2.30 billion. About $67.50 billion is the net asset value of this company. The market for this company is about $25.30 billion.
2. Posco :
This second largest steel manufacturing company in the world was established in the year 1968. The head quarters of this company is located at Pohang. Revenue obtained by the company from annual sales of steel is about $56.50 billion. The profit made by the company for the fiscal year 2015 was about $1.20 billion. The assets of this company are estimated to be about $80 billion. The market value of this manufacturer is about $24.80 billion.
1. Arcelor Mittal:
The company is established in the year 2006 by Lakshmi Mittal. The headquarters of this company is Lin Avenue de la liberte. The sales of this company is about $79.40 billion. The profits of this company is reported to be about $2.50 billion and the assets of this company estimated to be 112.30 billion. The largest steel manufacturing company’s market value by capitalization is estimated to be about US$ 26.80 billion.
Thus this is the list of top ten steel manufacturing companies in the world that have been around many years and have proved trustworthy by producing superior quality steel to support the infrastructures. It is very important to choose a right steel, because, once built, the structure should be firm and should have longevity, especially when it is about public properties like roads and bridges.