Top 10 Iron and Steel Companies in the World 2016

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1. Arcelor Mittal

The global steel giant Arcelor Mittal is a multinational and largest steel manufacturing corporation in the world headquartered in Luxembourg.

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The company was incorporated in 2006 from the takeover of Arcelor by Mittal Steel, which was an Indian owned multinational steel maker. The acquisition price was around $33 billion in total which was the largest acquisition in the steel industry till then, and has since then become one of the leaders in the industry.


In 2014, the Company in collaboration with Nippon Steel & Sumitomo Metal Corporation has made the acquisition of ThyssenKrupp Steel USA, a steel processing company in Alabama, US.

ArcelorMittal is the largest steelmaker in the Americas, African countries and the Europe and is the fifth largest steelmaker in the CIS region. ArcelorMittal has steelmaking operations in 19 countries across 4 continents, including 54 integrated and mini mill steel making facilities. At the end of the FY16, the company had nearly 209,000 employees.

ArcelorMittal is known for its high degree of geographic diversification in steel making operations. It contributes to nearly 37% of the crude steel is produced in the Americas, approximately 47% of steel produced in Europe and nearly 15% produced in other countries in the rest of the world. In addition, ArcelorMittal’s sales of steel products are generated from both developed and developing markets in the world, which have different consumption characteristics. ArcelorMittal’s mining operations are integrated with its global steel making facilities and are essential producers of iron ore and coal for their businesses.

ArcelorMittal had sales of $63.6 billion for the financial year 2016, representing nearly 20% decrease from sales of $80 billion for the financial year 2015. The loss in sales can be primarily attributed to lower average steel selling prices which were down by more than 20%

ArcelorMittal has made operating losses for FY 2016 which amounts to nearly $4 billion as compared to operating profits of $3 billion for FY 2015. Operating losses in FY 2015 were mainly due to impairment charges of $5 billion including $1 billion with respect to the Mining segment goodwill and $4 billion related to its tangible net worth.


Total Assets: $64 billion

Net Sales: $63.58 billion

Net Profits/Losses: - $8423 million


Ranking methodology:

A sample size of 20 global companies were taken for analysis. 3 major parameters for iron and steel companies are its value of assets, ability to generate sales and Profits. The data on these 3 parameters have been collected in million US dollars for the financial year 2016.

Total Value Assigned = 0.4*Total Assets+0.3*Net Sales+0.3*Net Profits

The final ranking was arrived based on the value derived from the above formula.

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