Baosteel(SH:600019) Sou Hu Cai Jing·2025-07-19 00:09Global Steel Production Overview - In 2024, global crude steel production reached 1.885 billion tons, a decrease of 1% year-on-year [1] - China remains the largest steel producer, with a projected output of 1.005 billion tons in 2024, accounting for 53.3% of global production [1] - Other major producers include India (149.4 million tons), Japan (84 million tons), the United States (79.5 million tons), and Russia (71 million tons) [1] Top Steel Producers - The top 50 steel companies produced a total of 1.118 billion tons in 2024, an increase of 1% year-on-year, with the entry threshold rising from 7.45 million tons to 8.54 million tons [3] - China has 28 companies in the top 50, maintaining a dominant position, while the United States has 4, and India and Russia each have 3 [3] - China Baowu Steel Group leads the ranking with a production of 130 million tons, remaining stable compared to the previous year [7] Notable Company Performances - Ansteel Group ranked third with a crude steel output of 59.55 million tons, an increase of 6.5% year-on-year [5] - ArcelorMittal, based in Luxembourg, is the second-largest producer, with a production decline of 5.1% to 65 million tons [5] - Hebei Province, home to the leading Hebei Iron and Steel Group, produced 199.86 million tons, accounting for about 20% of China's total output [3] Financial Performance - China Baowu reported revenues of 900.2 billion yuan and a net profit of 13.57 billion yuan, reflecting declines of 19.12% and 43% respectively [7] - The restructuring of Ansteel and Benxi Steel has positioned it as the second-largest steel producer in China and third globally [5]