Largest Chinese steel companies stands as a cornerstone of its economic prowess, with several companies leading the global market in production and innovation. These industry giants not only contribute significantly to China’s economy but also play pivotal roles in the international steel landscape. Below is an overview of some of the largest Chinese steel companies, highlighting their production capacities, key achievements, and commitments to sustainability.​

China Baowu Steel Group Corporation

China Baowu Steel Group Corporation, commonly known as Baowu, is the largest steel producer in Asia. In 2023, Baowu produced an impressive 130.77 million tons of crude steel, generating an operating revenue of approximately 1.103 trillion Yuan (around $154 billion) and a profit of 31.61 billion Yuan ($4.4 billion). The company has set ambitious sustainability goals, aiming to reduce carbon emissions per ton of steel by 30% by 2035 and achieve carbon neutrality by 2050. ​Mid west steel supply+1Reuters+1

Ansteel Group

Following its merger with Benxi Steel, Ansteel Group became the world’s third-largest steel manufacturer in 2023, with a production of 55.89 million tons of crude steel. The group aims to increase its production capacity to 70 million tons by 2025. Ansteel has been recognized for its innovation, particularly for applying advanced high-strength steel (AHSS) to reduce vehicle weight, contributing to fuel efficiency and lower emissions. ​Mid west steel supply

HBIS Group

HBIS Group ranked as the fifth-largest steel producer globally in 2023, with an output of 41.34 million tons. The group is a leader in adopting green technologies, including hydrogen-based steel production. In 2023, HBIS was awarded the “Sustainability Champion” title by the World Steel Association for its pioneering work in carbon emission reduction and sustainable production. ​Mid west steel supply

Jiangsu Shagang Group

Jiangsu Shagang Group is a leading private steel manufacturer in China, producing 41.45 million tons of crude steel in 2023. Despite a 7.6% decline in revenue in 2022, Shagang continues to maintain global standards with certifications such as API, CARES, CE, and DCL. ​Mid west steel supply

Jianlong Group

Jianlong Group produced 36.99 million tons of crude steel in 2023. The company focuses on developing high-end specialized steel products and investing in environmentally friendly production processes. Jianlong participates in international collaborations to improve steel production efficiency and reduce environmental impact. ​Mid west steel supply

Shougang Group

Shougang Group achieved a production capacity of 33.58 million tons in 2023, specializing in high-quality steel products such as electrical steel and automotive steel sheets. The company’s Jingtang MCCR production line allows ultra-thin steel production with a thickness of only 0.8 mm, reducing CO2 emissions by 30% compared to traditional methods. ​Mid west steel supply

Benxi Steel Group

Founded in 1905, Benxi Steel Group, also known as Bengang Group Co., Ltd., is one of China’s oldest steel enterprises. With a production capacity of 20 million tons of crude steel, Benxi Steel is renowned for its extensive range of products used in various industries, including automotive, household appliances, petroleum, chemical, aerospace, and construction. The company has a strong focus on innovation, with national technology and testing centers dedicated to advancing steel production techniques. ​GTS Steel

Challenges and Market Dynamics

Despite their significant contributions, Chinese steel companies face challenges such as overcapacity, fluctuating demand, and international trade tensions. In March 2025, several steel producers in Xinjiang, including Xinjiang Ba Yi Iron and Steel Co., a subsidiary of China Baowu Steel Group, began reducing production in response to Beijing’s initiative to curtail industry overcapacity. This move aligns with China’s carbon emissions reduction goals and addresses issues of low domestic demand and declining prices. ​Reuters+1Mid west steel supply+1

Additionally, international trade policies have impacted Chinese steel exports. In February 2025, new tariffs imposed by the U.S. led to a decline in shares of major Chinese steelmakers, adding uncertainty to export prospects. Although the direct impact on exports to the U.S. is limited, these tariffs contribute to broader trade tensions affecting the industry. ​Reuters

Midwest Steel Supply: Your Trusted Partner

For businesses seeking reliable steel suppliers, Midwest Steel Supply stands out as a trusted partner. With over 21 years of experience, Midwest Steel Supply has built a robust distribution system with more than 500 branches and retail stores across various regions. The company offers a diverse range of high-quality steel products, including steel sheets, galvanized steel, zinc pipes, and plastic pipes, catering to markets in the Middle East, Southeast Asia, South Asia, West Asia, and other countries. Midwest Steel Supply operates a network of 10 factories strategically positioned near key seaports, ensuring cost-efficient transportation and quick adaptation to market demands. The company’s commitment to quality is evident through its advanced manufacturing lines and adherence to international standards. Mid west steel supply

In conclusion, China’s leading steel companies continue to play a vital role in the global steel industry through their substantial production capacities, innovative approaches, and dedication to sustainability. Despite facing challenges such as overcapacity and international trade tensions, these companies are adapting to market dynamics and contributing to the advancement of the steel sector. For businesses looking to source high-quality steel products, partnering with reputable suppliers like Midwest Steel Supply ensures access to a diverse range of products and expert services, supporting various industrial needs.