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Monday, March 21, 2011

Baosteel ranks the third on the world class steel makers list


Monday, 21 Mar 2011

According to the latest list of the 20 largest steel enterprises in the world, China 9 leading steelmakers are on the list. ArcelorMittal is still the top steel producer in the world. China HBIS and Baosteel rank the second and the third.

Last year, the world produced crude steel of record 1.41 billion tonnes up by 15%YoY. All the major steel producing countries reported double digit growth. However, the global steel production failed to recover the levels before the financial crisis.

The data shows that ThyssenKrupp crude steel production quickly rose by 52%YoY and the company ranks the 19th on the list.

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