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China Steel Production

We have compiled China's crude steel production data, annual changes, the largest steel production regions and import-export data for you.

China's Total Steel Production by Year
Year Production (000 mt) Production (Metric Tons)
2019 995.418,90 995.418.900
2020 1.064.766,80 1.064.766.800
2021 1.035.242,60 1.035.242.600
2022 1.017.959,00 1.017.959.000
2023 1.028.859,70 1.028.859.700
Largest Steel Companies in China
Company Name Headquarters Production Volume (Million Tons)
China Baowu Steel Shanghai 130.77 (2023 data)
Ansteel Group Anshan 55.89 (2023 data)
HBIS Group (Hesteel) Shijiazhuang 41.34 (2023 data)
Jiangsu Shagang Zhangjiagang 23 (2023 data)
Shougang Group Beijing N/A (not known from public sources.)

China Baowu Steel

China Baowu Steel Group, headquartered in Shanghai, is the largest steel producer in the world. It has a strong global presence and continuously invests in advanced technology and sustainable practices. The company focuses on high-quality steel production for industries such as automotive, construction, and energy.

Ansteel Group

Ansteel Group, based in Anshan, is one of China's oldest and most reputable steel manufacturers. The company plays a vital role in China's infrastructure development and supplies steel for various sectors, including shipbuilding and machinery. Ansteel is known for its innovation in steelmaking techniques.

Jiangsu Shagang

Jiangsu Shagang Group, located in Zhangjiagang, is China's largest privately-owned steel company. It has a diverse product range, including long steel products and flat steel products, catering to both domestic and international markets. The company emphasizes cost-efficiency and production flexibility.

HBIS Group (Hesteel)

HBIS Group, also known as Hesteel, is headquartered in Shijiazhuang and is a leading steel manufacturer in Hebei province. It provides steel products to over 120 countries and focuses on sustainable development and digital transformation in its operations.

Shougang Group

Shougang Group, headquartered in Beijing, is one of the oldest steel manufacturers in China, with a history dating back to 1919. The company has contributed significantly to major national projects and continues to modernize its production lines with environmentally friendly technologies.

Major Steel Production Regions in China
Region Production Volume (Million Tons) Description
Hebei Province 135.8 The largest steel-producing region in China; cities like Tangshan are major production hubs.
Jiangsu Province 74.5 Located in Eastern China, Jiangsu has key steel production facilities in cities like Zhangjiagang.
Shandong Province 44.48 An important steel industry hub on the eastern coast of China.
Liaoning Province Data not available Located in Northeast China, home to major steel-producing cities like Anshan.
Guangdong Province Data not available In Southern China, Zhanjiang Iron & Steel is a key production facility.

Note: Production volumes are based on 2023 data. Specific 2024 regional data is not yet available.

China Steel Export and Import Data (Yearly Overview)
Year Exports (Million Metric Tons) Imports (Million Metric Tons) Trade Balance (Million Metric Tons)
2015 110.0 13.0 97.0
2016 106.6 13.4 93.2
2017 73.3 13.8 59.5
2018 66.9 14.2 52.7
2019 62.0 15.3 46.7
2020 53.7 20.2 33.5
2021 66.9 14.3 52.6
2022 67.3 10.6 56.7
2023 90.3 7.7 82.6
2024 110.7 6.8 103.9

Notes:

  • Exports: Reflect the total volume of steel products China exported each year.
  • Imports: Indicate the total volume of steel products China imported annually.
  • Trade Balance: Calculated as Exports minus Imports, representing China's net steel export volume.
China's Share in Global Steel Production
Year China's Crude Steel Production (Million Metric Tons) Global Crude Steel Production (Million Metric Tons) China's Share of Global Production (%)
2013 822.0 1,650.0 49.8
2014 822.7 1,670.0 49.3
2015 803.8 1,620.0 49.6
2016 808.4 1,630.0 49.6
2017 870.9 1,730.0 50.3
2018 920.0 1,800.0 51.1
2019 995.4 1,870.0 53.3
2020 1,065.0 1,880.0 56.6
2021 1,035.0 1,960.0 52.8
2022 1,018.0 1,890.0 54.0

Notes:

  • China's Crude Steel Production: Represents the total volume of crude steel produced by China each year.
  • Global Crude Steel Production: Indicates the total volume of crude steel produced worldwide annually.
  • China's Share of Global Production: Calculated as the percentage of global crude steel production attributed to China.

Key Observations:

  • China's share of global crude steel production has consistently increased from 49.8% in 2013 to a peak of 56.6% in 2020.
  • In 2021, there was a slight decline in both China's production volume and its share of global production, followed by a modest increase in 2022.
  • Throughout this period, China has remained the world's largest steel producer, significantly influencing global steel markets.