Top 12 companies in the High Strength Steel Market by Intellectual Market Insights Research

Published Date : 2023-Apr-03

High Strength Steel Market Top Key per analysis: Tata SteelSAIL, JSW SteelU.S. Steel, Nucor, Severstal,  Nippon Steel, Voestalpine, ThyssenKrupp, POSCO, ArcelorMittal and SSAB.

According to a comprehensive study by Intellectual Market Insights Research, the global High Strength Steel Market size was valued at USD 31.6 billion in 2021 and is projected to reach USD 49.6 billion by 2028. High Strength Steel Market Size, Share & Trends Analysis Report by Type, by Product Type, by End-use Industry, by Application & by Region, Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 - 2028, Growing at a CAGR of 9% from 2021 to 2028.

The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years data history and forecast.

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  1. Tata Steel

Founded: 1907

Headquarters: Mumbai, Maharashtra, India


About Us: Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand. It is a part of the Tata Group.

Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata Steel is among the top steel producing companies in the world with an annual crude steel capacity of 34 million tonnes. It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world. It is the second largest steel company in India (measured by domestic production) with an annual capacity of 13 million tonnes after Steel Authority of India Ltd. (SAIL).

Tata Steel's revenue for 2022 was listed at ?244,744 crore (US$31 Billion) and company had nearly 50,000 employees.


  1. SAIL

Founded: 1954

Headquarters: New Delhi, India


About Us: Steel Authority of India Limited (SAIL) is a central public sector undertaking based in New Delhi, India. It is under the ownership of the Ministry of Steel, Government of India with an annual turnover of INR 1,03,480 Crore (US$13 billion) for fiscal year 2021–22. Incorporated on 24 January 1973, SAIL has 60,766 employees (as of 1 October 2022). With an annual production of 16.30 million metric tons, it is the largest government owned steel producer. The hot metal production capacity of the company will further increase and is expected to reach a level of 50 million tonnes per annum by 2025.


  1. JSW Steel

Founded: 1982

Headquarters: Mumbai, Maharashtra, India


About Us: JSW Steel Limited is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group. After the merger of ISPAT Steel and Jindal Vijayanagar Steel Limited, JSW Steel became India's second largest private sector steel company.

JSW Stel's revenue for 2022 was listed at ?147,902 crore ($19 Billion) and company had nearly 15,000 employees.


  1. U.S. Steel

Founded: 1901

Headquarters: Pittsburgh, Pennsylvania, United States


About Us: United States Steel Corporation, more commonly known as U. S. Steel, is an American integrated steel producer headquartered in United States, with production operations primarily in the United States of America and in Central Europe. The company produces and sells steel products, including flat-rolled and tubular products for customers in industries across automotive, construction, consumer, electrical, industrial equipment, distribution, and energy. Operations also include iron ore and coke production facilities.

U.S. Steel's revenue for 2021 was listed at $20.75 Billion and company had nearly 25,000 employees.


  1. Nucor

Founded: 1940

Headquarters: Charlotte, North Carolina, United States


About Us: Nucor Corporation is an American producer of steel and related products based in Charlotte, North Carolina. It is the largest steel producer in the United States, the largest "mini-mill" steelmaker (i.e. it uses electric arc furnaces to melt scrap steel as opposed to blast furnaces to melt iron), and the biggest recycler of scrap in North America. As of 2021, Nucor was the 15th-largest steel producer in the world.

Nucor 's revenue for 2021 was listed at $36.48 Billion and company had nearly 30,000 employees.


  1. Severstal

Founded: 1993

Headquarters: Cherepovets, Russia


About Us: Severstal is a Russian company mainly operating in the steel and mining industry. Severstal is listed on the Moscow Exchange and LSE and is the largest steel company in Russia. The company is majority-owned and controlled by billionaire Alexey Mordashov. The company also has mining assets, thus securing its supply of raw materials.

Severstal's revenue for 2021 was listed at $11.4 Billion and company had nearly 50,000 employees.


  1. Nippon Steel

Founded: 1950

Headquarters: Chiyoda, Tokyo, Japan


About Us: Nippon Steel Corporation is a Japanese steel and iron industry company. Nippon was formed in 2012 by the merger of the old Nippon Steel and Sumitomo Metal. The old Nippon Steel Corporation was established in 1970 by the merger of Fuji Iron & Steel and Yawata Iron & Steel. Nippon Steel is the world's third largest steel producer by volume as of 2019.

Nippon Steel's revenue for 2021 was listed at ¥6.177 Trillion and company had nearly 105,796 employees.


  1. Voestalpine

Founded: 1973

Headquarters: Linz, Austria


About Us: Voestalpine AG – stylized as voestalpine – is an Austrian steel-based technology and capital goods group based in Linz, Austria. The company is active in steel, automotive, railway systems, profilform and tool steel industries.Iit is one of the few profitable steel companies in Europe. The Linz hot strip mill is a "fully integrated steel works" operated by voestalpine Stahl GmbH, a part of the steel division of voestalpine AG.

Voestalpine's revenue for 2022 was listed at €14,9 Billion and company had nearly 50,000 employees.


  1. ThyssenKrupp

Founded: 1999

Headquarters: Duisburg and Essen, Germany


About Us: ThyssenKrupp AG is a German industrial engineering and steel production multinational conglomerate. It is the result of the 1999 merger of Thyssen AG and Krupp and has its operational headquarters in Duisburg and Essen. The company claims to be one of the world's largest steel producers, and it was ranked tenth-largest worldwide. It is divided into 670 subsidiaries worldwide. ThyssenKrupp's products range from machines and industrial services to high-speed trains, elevators, and shipbuilding.

ThyssenKrupp's revenue for 2022 was listed at €14.41 Billion and company had nearly 1,10,000 employees.


  1. POSCO

Founded: 1968

Headquarters: Pohang, South Korea


About Us: POSCO (formerly Pohang Iron and Steel Company) is a South Korean steel-making company headquartered South Korea. It had an output of 42,000,000 metric tons  of crude steel, making it the world's sixth-largest steelmaker by this measure. In 2020, it was the world's largest steel manufacturing company by market value. Also, in 2022, it was named as the world's 146th-largest corporation by the Fortune Global 500.

POSCO's revenue for 2021 was listed at KRW 75.16 Trillion and company had nearly 30,000 employees.


  1. ArcelorMittal

Founded: 2006

Headquarters: Boulevard d’Avranches, Luxembourg City, Luxembourg


About Us: ArcelorMittal S.A. is a Luxembourgish multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel. ArcelorMittal is the second largest steel producer in the world, with an annual crude steel production of 88 million metric tonnes as of 2022.

ArcelorMittal's revenue for 2022 was listed at $79.844 Billion and company had nearly 158,000 employees.


  1. SSAB

Founded: 1978

Headquarters: Central Stockholm, Sweden


About Us: SSAB AB, (Swedish Steel AB) is a Swedish company, that specialises in processing raw material to produce steel. The largest shareholders are Aktiebolag Industrivärden and the Government of Finland. SSAB initially saw losses during the years 1978 to 1981 and became profitable in 1982. It is involved in the production of steel and steel products, both standardized and specialized for various fields and uses.

SSAB's revenue for 2021 was listed at 95.89 Billion Kr and company had nearly 15,000 employees.


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