Steel is a widely used metal due to its versatility and durability. When it comes to its production, China stands tall among all countries in the world. It produces more than half of the world’s steel. Due to the massive production level, China includes hundreds of steel companies. However, not all companies offer equal steel quality. In this article, I will explore the top 10 steel companies in China that are reliable and trustworthy. It will help you choose a Chinese company that meets your requirements and saves time. So, let’s get started!
Top 10 Chinese Steel Companies
As I said above, China is the heart of steel production. But do you find choosing the best among so many options challenging? Fret not! I will explore 10 top steel companies in China in the section below. It will make your research easier. So, let’s get started!
1- Ansteel Group
- Founded: 1916
- Revenue: CN¥73.354 billion (2015)
- Headquarters: Anshan, Liaoning, China
With 109 years of experience, Ansteel Group is one of the top steel companies in China. It is officially also known as Anshan Iron and Steel Group Corporation. Initially, it was established under the Japanese rule. However, in 1948, this company was restructured as a Chinese state-owned enterprise. Now, the Government of China is the owner of Ansteel Group.
From day one, the company has been focused on implementing innovative techniques. Thus, in 2015, it became the world’s seventh-largest steel manufacturing company by production level. Ansteel Group produces 63 million tonnes of steel annually. It operates nine production plants in different regions of China and 32 overseas production plants. All these plants serve about 70 countries worldwide.
2- China Baowu Steel Group
- Founded: 1978
- Chairman: Hu Wangming
- Headquarter: Shanghai, China
Formally known as China Baowu, it is also a state-owned company run by the Chinese government. This name was given in 2016 when two corporations, Baosteel Group and Wuhan Iron and Steel, were merged. This collaboration aims to achieve the highest production level in the world. Today, with 382,000 dedicated employees, it is 5th largest steel manufacturing company.
The company was established to fulfill domestic steel requirements. So, in the first years, it only exported 10% of its steel to other countries. However, after 2016, it grew to the next level and started exporting its products internationally. You can find a range of steel products from their online and offline stores, such as flat steel, long steel, wires, and plates.
3- HXSCO Company
- Headquarter: Shanghai, China
- Number of production lines: 20
- Stocking Capacity: 1000000 MTS
With 20 years of experience, this company is one of the leading steel manufacturers. They ensure high quality, reliability, and customer satisfaction. All of their metal products are certified with international quality standards. Besides other services, HXSCO also provides custom metals. You can get the desired size of several metals, including steel.
For this purpose, they use laser-cut and advanced welding technology to ensure accuracy. With quality, their products also come at affordable prices compared to other companies. Their standard products include electrical steel, carbon steel, alloy steel, and stainless steel. Moreover, HXSCO has a professional online team and platform to help the customers 24/7.
4- Jiangsu Shagang Group
- Founded: 1975
- No of Employees: 45,398
- Headquarters: Zhangjiagang (Suzhou), Jiangsu, China
Jiangsu Shagang Group started its journey with 450,000 Yauns only. Until 2000, it faced severe financial challenges. In 1998, they also established a provincial-level technical center. This center introduced innovative steel production processes. In 2001, the company gained a reputation when it bought a steel mill from Germany for 30 million Euros.
All the equipment was relocated to China to enhance their production level. It proved very helpful, and the company gained attention worldwide. Today, it operates several plants in China that produce various steel products. Their product line includes 150 series, 140000 varieties, and 6000 specifications. They not only serve within China but also in other countries.
5- Hesteel Group
- Founded: 2008
- Revenue: CN¥284.5 billion (2015)
- Headquarters: Shijiazhuang, Hebei, China
This is a major Chinese state-owned steel and iron manufacturing company. In 2008, it was established by merging two large companies: Tangshan Iron and Steel Group and Handan Iron and Steel Group. Therefore, it is also known as HBIS Group. This company’s first production plant was established in China. Later, they introduced several plants outside China in Serbia, known as Hesteel Serbia.
This move proved very fruitful in enhancing its international reputation. With 128,798 employees, this company became the second-largest steel manufacturer. It also runs several subsidiaries, including Tangsteel Group, Hansteel Group, and Shijiazhuang. Hesteel Group provides a range of steel, including low-carbon, low-alloy, and medium-carbon steel.
6- Shougang Group
- Founded: 1919
- Headquarter: Beijing, China
- Founder: Longyan Iron Mine Limited
Shougang Group is a semi-government steel and iron manufacturing company. Its parent plant, Shijingshan Steel Plant, was founded in 1919. However, when China came into being in 1949, the name was changed to Shougang Group. This is also one of the prominent steel companies that operates nine plants and produces over 30 million tons of steel annually.
This high production volume makes it globally famous. It was listed on the Shenzhen Stock Exchange in 2005 and started exporting its products worldwide. In addition to steel manufacturing, this company also runs several other businesses. For example, it manufactures electronics, machinery, and mines to support its steel production.
7- Benxi Steel Group
- Founded: 1905
- Headquarter: Benxi, China
- Owner: Liaoning SASAC (80%)
With a struggling past, this company is enriched with a historical background. A Japanese entrepreneur established the company as a coal mine. It was the era of the Russo-Japanese War. However, in 1911, at the end of World War II, the company went into complete control of the Japanese. The owner added iron to its name and started manufacturing iron with steel.
However, when the war ended, this company came under the control of the Chinese Communist Party. Several changes were made, and it became one of the top state-owned enterprises in 1997. This company operates several subsidiaries today, including Benxi Beijing Iron and Steel Group. It produces a wide range of steel, including Checked steel, low-carbon steel, and welding tube steel.
8- Baotou Steel
- Founded: 1954
- Chairman: Mr. Cui Chen
- Headquarters: Baotou, Inner Mongolia, China
With 27,062 staff, it is one of the largest steel producers in Inner Mongolia. In 1998, it underwent some changes, and its official name became “Baotou Iron and Steel Group Company Limited.” They established their first plant name as Inner Mongolia Baotou Steel Union Company Limited. This production plant proved very efficient and was listed on the Shanghai Stock Exchange in 1997.
Later, the company expanded to several production plants in China. Besides steel, they also offer rare earth metals. These metals became the main reason for their success at the international level. With online services, this company provides a variety of metal products worldwide. The list of their prominent steel products includes;
- Steel Rails and Steel plates
- Seamless Steel Tubes
- Hot and Cold Rolled Coils
- Galvanized Steel Plate
9- Nanjing Iron and Steel Company (NISCO)
- Founded: 1958
- Headquarters: Nanjing, China
- Founder: Nanjing Iron and Steel Group
NISCO was established as a state-owned enterprise in China. In 2000, it became publicly traded when listed on the Shanghai Stock Exchange. Over the years, they have started expanding production plants in different regions of China. NISCO uses high-tech manufacturing methods to produce about 6 million tons of steel annually.
With all its production plants in China, NISCO has a high global reputation. It supplies steel to about 60 different countries worldwide. Besides, the company actively invests in technology to minimize emissions and waste. In 2024, NISCO signed an agreement with Rio Tinto(the largest ore miner). This agreement focuses on applying biomass to reduce carbon footprint during steel production.
10- Delong Steel
- Founded: 1992
- No of employees: 46,403
- Headquarter: Nanshimen, China
The company’s first name was Teamsphere Ltd. In 2000, the name was changed to Shanghai Delong Steel Group Co., Ltd. In the global ranking, it is the 12th largest steel producer. This company operates several plants in China, but its most significant is the BF-BOF steel plant in Xingta. This plant produces 3 million tonnes of steel per annum.
Overall, Delong Steel produces 27.9 million tonnes of steel annually. This is indeed a significant amount to serve different countries worldwide. This company has expanded globally, with several plants in Southeast Asia, Indonesia, and Zimbabwe. The main products include high-quality carbon steel, hot-rolled coils, and special steel plates.
Conclusion
China is the largest hub for producing steel. In this article, I have explored China’s top 10 steel companies. All these companies have a good reputation not only in China but also around the world. They are trustworthy and provide high-quality steel worldwide. However, in terms of prices, each company varies somehow. So, before making a final decision, explore them through their official websites and customer reviews. Lastly, you should also compare each company’s quality and price differences.