According to the World Steel Association (WSA), POSCO ranked fourth in the world last year in terms of crude steel production by recording an output of 41.97 million tons.
In 2011, POSCO had ranked fourth but remained at the fifth place for the following three years. Although the volume of crude steel production of POSCO increased marginally from 41.59 million tons to 41.97 million tons between 2014 and 2015, that of Baosteel, which ranked fourth in 2014, dropped last year to cause a change in the rankings. Baosteel’s crude steel production fell from 43.35 million tons to 34.94 million tons between the two years.
ArcelorMittal remains on the top of the list with 97.14 million tons of crude steel production, followed by Hebei Iron and Steel (47.75 million tons) and Nippon Steel & Sumitomo Metal (46.37 million tons).
The global total crude steel production reached 1.621 billion tons last year, down 2.9% from a year ago. China’s volume amounted to 803.8 million tons, slightly less than the 822.8 million tons recorded in the preceding year. China was followed by Japan (105.2 million tons) and India (89.4 million tons).
Source: World Steel Association