Tata Steel continues to be world’s second-largest producer of steel
The Tata Steel Group continued to be the tenth largest producer of crude steel in the world, while JSW Steel Limited and SAIL were among the top 20 producers in 2024, data from the World Steel Organisation (worldsteel) showed. However, SAIL slipped a slot from 19 to 20.
According to worldsteel’s 2025 “World Steel in Figures 2025”, the Tata Group produced 31.02 million tonnes (mt) of crude steel. In 2023, it produced 29.5 mt of steel.
JSW Steel Limited continued to be the 12th largest producer, manufacturing 26.95 mt against 26.15 in 2023. SAIL dropped being the 20th largest producer with its output slipping to 19.10 mt from 19.18 mt in 2023.
Top producer
China Baowu Group was the top steel producer despite its production dropping to 130.09 mt last year from 130.77 mt in 2023. Arcelor Mittal retained the second slot, though its production also declined to 65 mt from 68.52 mt. China’s Ansteel followed them, producing 59.55 mt, up from 55.89 mt in 2023.
World steel production slipped to a four-year low in 2024 to 1.885 billion tonnes compared with 1.904 billion tonnes in 2023. While China’s output decreased to 1.05 billion tonnes (1.026 billion tonnes in 2023), Indian production zoomed to a record high of 149.4 mt from 140.8 mt in 2023.
India’s steel production has increased by 50 per cent since 2020, when the output dropped to 99.6 mt. The production growth dropped to 6.3 per cent in 2024 from 12.9 per cent in 2023, though.
Jindal, Vizag Steel slip
Among other Indian steel companies, Jindal Iron and Steel Group’s position slipped to 51 from 49 in 2023, despite its production increasing to 8.06 mt (7.90 mt). Vizag Steel (Rashtriya Ispat Nigal Limited) slipped to the 89th position with its production estimated to have dropped to 3.65 mt (4.45 mt).
The World Steel Organization gets data on the production of ferrous metal from 71 countries that account for 98 per cent of the total global production.
According to data, global steel production increased by 12 per cent in the past decade, with China’s share increasing by four percentage points to 53.3 per cent. During the period, India emerged as the second largest producer, accounting for 7.9 per cent of the global output against 5.2 per cent in 2014, overtaking North America. Other countries in Asia produced 7.9 per cent of the total global output, with their share increasing by 0.5 percentage point over the past decade.
Published on June 8, 2025
