Top 10 largest steel plants in Asia in 2024

Top 10 largest steel plants in Asia have contributed more than 478 million tons to global steel output. So why are they there? Let's explore them with MRS Steel below!

In 2023, Asia's total crude steel production was approximately 1.367 billion tons, a slight increase of 0.7% compared to last year. This figure included major steel-producing countries in the region such as China, India, Japan... In this article, let's review the production capacities and contributions of these manufactures to the global steel industry with MRS Steel!

Explore top 10 largest steel plant in Asia contributing over 478 million tons globally in 2023

1. China Baowu Group

China Baowu Steel Group Corporation, commonly known as Baowu, is the Asia’s largest steel plant. In 2023, Baowu produced 130.77 million tons of crude steel, a huge number compared to its competitors. The group's operating revenue reached 1.103 trillion Yuan (about 154 billion USD), while profit was 31.61 billion Yuan (about 4.4 billion USD).

Despite its huge production output, Baowu remains committed to sustainability and carbon reduction in production. The group has outlined a roadmap to reduce carbon emissions per tonne of steel by 30% from 2020 to 2035 and aims to achieve carbon neutrality by 2050.

Baowu leads the global steel industry with 130.77 million tons in 2023, while pushing for a sustainable future with a carbon-neutral goal by 2050

2. Ansteel Group

Ansteel Group, Asia's 2nd largest steel plant, has achieved many impressive achievements in 2023. After completing the merger with Benxi Steel, Ansteel has become the world's third largest steel manufacturer with 55.89 million tons of production in 2023. Ansteel aims to reach an output of 70 million tons of crude steel and 50 million tons of iron ore by 2025, with annual revenue of about 300 billion Yuan (equivalent to 46 billion USD).

Ansteel was also nominated for many important awards and recognitions such as the Innovation of the Year Award from Steelie Awards 2023, recognizing their efforts in applying advanced high strength steel (AHSS) to reduce vehicle weight. This is an important factor in reducing carbon emissions and increasing fuel efficiency.

Along with improvements in production capacity, Ansteel also actively invests in its carbon reduction plans to minimize the impact of steel production on the environment. The Group aims to increase the use of recycled materials and improve energy efficiency in its production processes.

Ansteel rises as the world's third-largest steel maker, targeting a 70 million ton output by 2025 and driving innovation in eco-friendly steel production

3. Nippon Steel Corporation

Nippon Steel Corporation is one of largest steel plants in Asia in terms of steel output in 2023 with 43.66 million tons. Nippon Steel has received many important awards, including the Innovation of the Year Award from the World Steel Association for its advanced technology development initiatives. The company also achieved international certifications for quality and environmental management such as ISO: 9001 and ISO: 14001.

Nippon Steel also aims to increase production and sustainable development with a plan to reduce carbon emissions by 30% by 2030 and reach carbon neutrality by 2050, contributing to global efforts to reduce the impact of climate change.

Nippon Steel leads with innovation, producing 43.66 million tons in 2023 while targeting a 30% carbon reduction by 2030

4. HBIS Group

HBIS Group ranked 5th in the list of top steel-producing companies 2023 published by Worldsteel with 41.34 million tons. The Group has conducted many projects to expand and improve production capacity, including plants in Serbia and joint ventures with international partners.

HBIS Group has received many important awards such as the title "Sustainability Champion" from the World Steel Association in 2023, marking the group's efforts in sustainable development and environmental management. HBIS Group has implemented many initiatives on green steel production and carbon reduction. The Group is leading in pilot steel production projects using hydrogen energy and carbon emission reduction technologies.

HBIS Group, producing 41.34 million tons in 2023, is recognized as a 'Sustainability Champion' for pioneering green steel and hydrogen technologies

5. Shagang Group

Shagang Group, also known as Jiangsu Shagang Group, is one of the largest private steel manufacturers in China and the world. Shagang Group has impressive production capacity with a total annual crude steel output of about 41.45 million tons, ranking 5th among the largest global steel manufacturers.

In 2022, Shagang's revenue reached 173.6 billion Yuan (about 27 billion USD). However, this revenue decreased by 7.6% compared to the previous year due to weaker market demand. Despite this, Shagang still maintains a strong position in the steel industry.

Shagang Group has received many important awards and certifications such as API, CARES, CE, DCL,... confirming Shagang's product quality and management system meet international standards.

Shagang Group, with a 41.45 million ton output, upholds global standards amidst market challenges, securing its place as a top steel producer

6. POSCO Holdings

POSCO Holdings is the only Korean steel manufacturer in the top 10 largest steel plants in Asia 2023 with 38.44 million tons. POSCO's current production capacity is about 42.89 million tons of crude steel per year and is targeted to 52 million tons per year by 2030.

POSCO Holdings is committed to reducing carbon emissions through the application of steel production technology using renewable energy and international cooperation. The group has cooperated with India's Adani Group to build a "green" integrated steel plant in Mundra, Gujarat at a cost of about 5 billion USD.

POSCO Holdings, a leader in Asia with 38.44 million tons in 2023, pioneers green steel innovation in partnership with India's Adani Group

7. Jianlong Group

Another Chinese steel brand in the top largest steel plant in Asia 2023 is Jianlong Group with an output of 36.99 million tons. Jianlong Group continuously invests in new technology and expands production capacity. The Group has participated in many international cooperation projects to improve steel production processes and reduce environmental impact. They also focus on developing high-end specialized steel products to meet the increasing demands of the market.

Jianlong Group, with a 2023 output of 36.99 million tons, excels in high-end steel production and international collaborations for sustainability

8. Shougang Group

Shougang Group's steel production capacity in 2023 reached 33.58 million tons. The group stands out with high-quality steel products such as electrical steel, automotive steel sheets and tinplate. In 2023, Shougang produced 21.7 million tons of high-grade steel, including 2.94 million tons of automotive steel plates and 1.25 million tons of electrical steel.

Shougang Group places special emphasis on sustainable development and carbon reduction initiatives. The group has implemented many advanced technologies to reduce emissions and improve energy efficiency. One of the outstanding achievements is Shougang Jingtang's MCCR production line, which allows for ultra-thin steel production with a thickness of only 0.8 mm, reducing CO2 emissions by 30% and pollutant emissions by 10% compared to traditional production lines.

9. Tata Steel Group

Tata Steel Group is the only Indian company in the top 10 largest steel plants in Asia 2023 with 29.5 million tons. Tata Steel is implementing expansion plans, including increasing production capacity at Kalinganagar to 5 million tons per year and developing high-end steel products for the automotive and construction industries. The group is also investing heavily in green steel production technology.

 One of the outstanding achievements is the plan to build an electric arc furnace (EAF) steel plant in Punjab, India, aimed at reducing greenhouse gas emissions. With these achievements and commitments, Tata Steel not only maintains its position as one of the world's leading steel corporations but also leads in promoting sustainable development and advanced technology in the steel industry.

Tata Steel, with a 2023 output of 29.5 million tons, is advancing green technology and expanding capacity to lead sustainable steel production

10. Delong Steel

According to the Worldsteel 2023 report, Delong Steel's steel output reached 28.26 million tons, ranking 10th largest steel plant in Asia. Delong Steel constantly invests in new technology and expands production capacity. Delong's BOF furnaces have a capacity of 120 tons each, ensuring continuous and efficient production. In addition, Delong Steel also maintains its environmental commitments by continuously receiving quality and environmental management certifications such as ISO 9001, ISO 50001, ISO 14001,...

Delong Steel secures its spot as Asia's 10th largest steel plant with a robust 28.26 million tons in 2023, championing sustainability and efficiency

MRS Steel: reliable steel supplier from Vietnam

As a leading Vietnamese steel supplier, MRS Steel has an extensive network of connections with the largest steel mills, a diverse range of high quality steel products to meet global market demands. With a commitment to service quality, MRS Steel will accompany importers in every purchasing and shipping process. Any errors that occur due to the manufacturer's fault during the process before, during and after purchase will be quickly and enthusiastically resolved. Partner with MRS Steel and experience the difference in quality, service and value we deliver in the competitive global steel market.

The top 10 largest steel plants in Asia in 2023 not only lead in production capacity but also in sustainable "green steel" technology innovation. Don't forget to follow MRS Steel to read more useful market analysis articles. For the most complete consulting information and quotes for Vietnamese steel, please contact via Email: vanloc@mrssteel.com.vn or Whatsapp: +84 76 911 2358