Gitnux/Report 2026

Chinese Steel Industry Statistics

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Chinese Steel Industry Statistics
Samuel NorbergWritten by Samuel Norberg·Fact-checked by Maya Johansson
Published
How this report is researched
01Editorial Scope

An editor sets the topic, the inclusion criteria, and the evaluation framework before research starts.

02Source Research

AI search agents locate sources and extract each figure together with the document it came from.

Read our full methodology →

Search agents attach provenance to every extracted figure.

Next review: within 31 days

01 Industry overview

The chinese steel industry at a glance

China remains the world’s largest steel producer, with 960.8 million tonnes of crude steel output in 2025, although production fell 4.4% as domestic demand weakened.

960.8 Mt[19]
Crude steel output, 2025
52.0%[19]
Share of global output, 2025
119.02 Mt[49]
Finished steel exports, 2025
725 Mt[54]
Crude steel output, Q1–Q3 2026
Market size
China’s steel market is best measured by physical output: crude steel production reached 960.8 million tonnes in 2025, equivalent to about 52.0% of global production. National finished-steel output was 1,190.2 million tonnes in 2025, according to China’s official statistics.[19][55]
Forecast & CAGR
The OECD forecasts Chinese steel demand at 830.94 million tonnes in 2025 and 817.84 million tonnes in 2030, implying an approximate annual decline of 0.3% over 2025–2030. Global demand is forecast to grow by about 0.9% annually over the same period, with growth concentrated outside China.[47]
Market share & regions
China accounted for approximately 52.0% of world crude steel output in 2025, producing 960.8 million tonnes out of a global 1,848.9 million tonnes. Asia produced 1,353.4 million tonnes, or about 73.2% of the global total, with China representing roughly 71.0% of Asian output.[19]
Segmentation
China’s crude steel production remained dominated by oxygen-based blast-furnace and basic-oxygen-furnace routes in 2025, which accounted for 89.4% of output; electric-arc-furnace production accounted for 10.6%. Product demand spans construction, machinery, automotive, appliances, energy infrastructure and shipbuilding, although the available national statistics do not provide a single comparable end-use split for 2025.[19]
Key players & concentration
China Baowu Group was the world’s largest steelmaker in 2025, producing 124.76 million tonnes of crude steel. Other major Chinese producers included Ansteel Group at 57.61 million tonnes, HBIS Group at 42.49 million tonnes, Shagang Group at 39.10 million tonnes and Jianlong Group at 38.02 million tonnes; the sector remains fragmented despite the scale of its largest groups.[19]
Pricing
China’s export pricing remained competitive in 2025: Mysteel assessed North China SS400 3-millimetre hot-rolled coil at an average of $463 per tonne, 9.6% below Japanese material, 11.1% below Indian material and 14.6% below Turkish material. In August 2026, China’s average steel export price was reported at $722.2 per tonne.[49][56]
Trends, drivers & challenges
The industry is shifting from volume growth toward higher-quality products, production efficiency, cost control and digitalization. Weak property and construction demand is reducing domestic consumption, while export strength, trade remedies and global overcapacity remain major challenges; major steelmakers’ profits fell 27.4% year on year in the first nine months of 2026.[54][57][47]
Consumer behavior & competition
Domestic apparent crude-steel consumption fell 3.8% year on year to 625 million tonnes in the first three quarters of 2026, reflecting weaker property-related demand. Competition is increasingly focused on exports, higher-value steel grades, manufacturing customers and cost efficiency, while overseas trade measures are restricting some markets.[54][49]
M&A
Recent China-related steel consolidation has largely involved state-backed restructuring rather than a single industry-wide transaction. China Baowu remained the largest producer in 2025 at 124.76 million tonnes, while Jingye’s ownership of British Steel became the subject of government intervention in the United Kingdom in 2026.[19][58]
Regulation
China expanded its national emissions-trading framework to include steel, cement and aluminium in 2025. The expansion added about 1,300 regulated entities, increased covered enterprises to approximately 3,500 and brought about 8 billion tonnes of carbon-dioxide-equivalent emissions, or roughly 60% of China’s total, into the system.[59][60]
Latest news
In the first three quarters of 2026, China’s crude steel output declined 2.9% year on year to 725 million tonnes, while apparent consumption fell 3.8% to 625 million tonnes and major steelmakers’ combined profits dropped 27.4%. Finished-steel exports reached 75.15 million tonnes in January–August 2026, down 3.0% year on year, as trade barriers increased.[54][49][57]

02 Ranking

Top 3 Companies in the Chinese Steel Industry

The leading companies in the chinese steel industry, ranked on market impact, performance, momentum, innovation and brand popularity.

Updated November 11, 2026 · Next review December 11, 2026

Verdict

Ansteel Group leads Gitnux's 2026 chinese steel ranking with an Overall score of 9.0, with R&D at 3.88% of revenue. Delong Steel Industry Group is the highest-ranked metal products manufacturer at 8.7, with 32.03 million tonnes of crude steel reported for 2025.

Ranked by Overall score · How we score ↓

Editor's top 3 picks

Where to start, by need.

  1. #1 Overall · Leader in integrated steel production

    Ansteel Group

    CN

    Ranked #1 · 9.0 · Integrated steel production

    Why we picked it: Integrated steel, mining and advanced materials, with R&D at 3.88% of revenue.

    See in ranking ↓Visit ansteel.cn ↗

  2. Leader in cold rolling and metal products

    Delong Steel Industry Group

    CN

    Ranked #2 · 8.7 · Cold rolling and metal products

    Why we picked it: Integrated steel, cold rolling and metal products, with crude steel output at 32.03 million tonnes in 2025.

    See in ranking ↓Visit dlsteelgroup.com ↗

  3. #3 overall

    Shandong Iron and Steel Group

    CN

    Ranked #3 · 7.8 · Integrated steel production

    Why we picked it: Integrated steel and ironmaking in Shandong, with R&D intensity of 5.26% of revenue.

    See in ranking ↓Visit shansteelgroup.com ↗

Pick 1 is the #1 company overall. Pick 2 is the highest-ranked company in the top 5 that adds a new segment; no further segment places in the top 5, so pick 3 follows rank.

Full ranking

Sort by
Top 3 companies in the chinese steel industry, 2026 – Gitnux ranking
#CompanyOverall ↓Company snapshot
1

Ansteel Group

Integrated steel production · CN

9.0
2

Delong Steel Industry Group

Cold rolling and metal products · CN

8.7
3

Shandong Iron and Steel Group

Integrated steel production · CN

7.8

How we score

  • Impact (30%): scale and weight in the market (revenue, market share, employees, market position).
  • Performance (20%): recent revenue growth and operating margin; an analyst assessment where a company does not publish them.
  • Momentum (20%): growth trajectory and future potential.
  • Innovation (15%): R&D intensity and how technologically advanced the company is.

Popularity (brand search demand, 15%) counts toward Overall but is not published as a column. Overall leaves out what is not known.

Scale Scores are shown on a 7–10 scale with one decimal; bars start at 7.0.

Cadence Recalculated when new figures are published; next review December 11, 2026.

Independence. Rankings are editorially independent. Scores, ranks, picks and the verdict follow the method above; no company can pay to change them.

Cite this ranking

APA

Samuel Norberg. (2026, November 11). Top 3 companies in the chinese steel industry. In Chinese Steel Industry Statistics. Gitnux. https://gitnux.org/chinese-steel-industry-statistics/#top-companies

report visual · Projection

China crude steel production

China crude steel production fell from 1.0B tonnes in 2021 to 1.0B tonnes in 2024.

1B tonnes
Start
-0.98%
CAGR · 3y
1B tonnes
Projected
20212024
source-verifiedstats.gov.cn2024

04 Statistics

Technology & Innovation

AI and analytics work show measurable plant outcomes. Nanjing Iron & Steel reported a 0.5% rise in overall yield rate in 2026, and its rolling-force hit rate increased from 88% to 98%.

AI in the chinese steel industry

  • AI-enabled process improvements raised Nanjing Iron & Steel’s overall yield rate by 0.5% in 2026.[1]
  • The YuanYe Steel large model supported annual output exceeding 2.5 million tonnes of steel plate at Nanjing Iron & Steel in 2026.[1]
  • More than 10 AI model projects were independently developed by CITIC Pacific Special Steel in 2024 for applications including sintering-water control and scenario modelling.[2]
  • The YuanYe Steel large model increased Nanjing Iron & Steel’s rolling-force hit rate from 88% to 98% in 2026.[1]
  • 20 AI pilot applications were deployed across Nanjing Iron & Steel’s full process and value chain in 2025, according to its annual report.[3]
  • AI-related applications were reported by nearly all first- and second-tier listed Chinese steel companies in 2024.[4]

Automation in the chinese steel industry

  • China’s industrial-robot output reached approximately 556,000 units in 2024, supporting automation across manufacturing sectors including steel.[5]
  • China accounted for 54% of global industrial-robot installations in 2024, increasing the availability of automation technology for Chinese steel plants.[6]
  • 276,288 industrial robots were installed across Chinese factories in 2023, providing the national automation base for steel producers.[7]
  • 41,578 industrial robots were installed in China’s metal and machinery industries in 2023, a 35% year-on-year increase; the category includes steelmaking applications.[7]
  • 1,755,132 industrial robots were operating in Chinese factories in 2023, up 17% year on year.[7]

Digital Transformation in the mining and metals sector (sector benchmark)

  • Across metals companies surveyed globally, 28% were developing a digital-transformation strategy in 2025.[8]
  • Across metals companies surveyed globally, 20% did not have a digital-transformation road map in 2025.[8]
  • Across metals companies surveyed globally, 44% had a digital-transformation strategy and were actively taking steps forward in 2025.[8]
  • U.S. mining firms recorded a 70.90% digitalization rate in the latest federal business-technology survey.[9]
  • Mining and metals executives ranked process intelligence, data mining and robotic-process automation as a digital priority for 56% of respondents in 2024.[10]

Technology Adoption in the mining and metals sector (sector benchmark)

  • Among global mining and metals companies, 48% said artificial intelligence would have the greatest impact on increasing metal supplies over the next five years in 2023.[11]
  • Among global mining and metals companies, 31% identified 5G networks as one of the two technologies most likely to increase metal supplies over the next five years in 2023.[11]
  • Nevada mining association members reported 40.4% adoption of cloud computing, 35.3% adoption of encryption and cybersecurity, and 33.8% adoption of IoT and connected devices in 2021.[12]
  • Among global mining and metals companies, 21% identified technologies that enhance recovery from recycled materials as a leading supply-enabling technology in 2023.[11]
  • Among global mining and metals companies, 17% identified autonomous steel production, such as autonomous vehicles, among the two technologies with the greatest expected supply impact in 2023.[11]

Cloud Computing in the mining and metals sector (sector benchmark)

  • Global mining executives said high-power computing and cloud would affect their businesses within one year for 52.6% of respondents in the Mining Journal survey.[13]
  • Mining executives identified cloud adoption as a digital priority for 12% of respondents planning investments over the next one to two years in 2024.[10]
  • U.S. mining businesses reported a 37.05% cloud-computing adoption rate in the federal business-technology survey.[9]
  • Global mining executives expected high-power computing and cloud to affect their businesses within five to ten years for 92.2% of respondents.[13]

Big Data in the mining and metals sector (sector benchmark)

  • Mining executives said big data and predictive analytics could affect their businesses within one year for 40.5% of respondents in the Mining Journal survey.[13]
  • Chilean mining companies reported that 7.52% analyzed large volumes of data from sensors or smart devices in the sectoral Industry 4.0 study.[14]
  • Chilean mining companies reported that 9.02% performed big-data analysis in the sectoral Industry 4.0 study.[14]
  • Mining executives expected big data and predictive analytics to affect their businesses within five to ten years for 95.7% of respondents.[13]
  • Global mining and metals companies ranked data analytics among the two technologies most likely to increase metal supplies, with 42% selecting it in 2023.[11]

05 Statistics

Data & Analytics

Data work focuses on training pass rates and dataset buildout. Nanjing Iron & Steel established more than 300,000 energy-data collection points in 2024 and reported 98.7% customer-complaint-closure in 2024.

Business intelligence in the chinese steel industry

  • 97.5% was the pass rate for junior BI engineers in Nanjing Iron & Steel’s 2024 training program, China.[15]
  • More than 300,000 energy-data collection points were established by Nanjing Iron & Steel in 2024, China.[15]
  • 80 business employees participated in Nanjing Iron & Steel’s intelligent BI data-analysis training in 2024, China.[15]
  • 15 practical data-analysis scenarios were implemented through Nanjing Iron & Steel’s BI training in 2024, China.[15]
  • 65.5% was the pass rate for senior BI engineers in Nanjing Iron & Steel’s 2024 training program, China.[15]

Data analytics in the chinese steel industry

  • More than 1,000万元 of data assets were recorded by Nanjing Iron & Steel in 2024, China.[16]
  • 15 production and energy data-analysis use cases were delivered through Nanjing Iron & Steel’s BI program in 2024, China.[15]
  • 49万元 of data resources were disclosed by HBIS in its 2024 third-quarter report, China.[16]
  • More than 300,000 data-collection points were integrated into Nanjing Iron & Steel’s energy dataset in 2024, China.[15]

Data Quality in the mining and metals sector (sector benchmark)

  • Across geoprofessionals globally, 50% expressed high confidence in their organisation’s ability to manage data quality in 2023.[17]
  • Across geoprofessionals globally, 30% identified real-time access to datasets in a usable format as their biggest collaboration challenge in 2023.[17]
  • Across mining respondents globally, 33% said they lacked the necessary information to make data-driven decisions in 2023.[17]
  • Across geoprofessionals globally, 30% rated unmanaged historical data as a significant data-management challenge in 2023.[17]
  • Across geoprofessionals globally, 36% identified knowing they had the most current and best-quality data as their biggest collaboration challenge in 2023.[17]

Data Governance in the mining and metals sector (sector benchmark)

  • Across geoprofessionals globally, 45% reported having an established data chain of custody in 2023.[17]
  • Across geoprofessionals globally, 14% said reporting tools showing who accessed or edited data were their biggest collaboration challenge in 2023.[17]
  • Across geoprofessionals globally, 29% said a single source of truth was the most important expected outcome from resolving data-management issues in 2023.[18]
  • Across geoprofessionals without an established framework globally, 56% planned to obtain one within three years in 2023.[17]
  • Across geoprofessionals globally, 30% reported having an established data-management framework in 2023.[17]

KPIs in the chinese steel industry

  • 98.7% was Baosteel’s customer-complaint-closure KPI in 2024, China.[15]
  • 100% was Chongqing Iron & Steel’s customer-complaint resolution KPI in 2024, China.[3]
  • 92.89 points was Baosteel’s customer-satisfaction KPI in 2024, China.[15]
  • 95.2% was HBIS’s customer-satisfaction KPI in 2024, China.[15]
  • 91.46% was Chongqing Iron & Steel’s customer-satisfaction KPI in 2024, China.[3]

06 Statistics

Strategy & Growth

Demand trends anchor steel planning. China’s apparent crude-steel consumption fell 3.8% year on year to 625 million tonnes in the first three quarters of 2026.

Growth in the chinese steel industry

  • China’s apparent steel use per capita was 562.1 kilograms in 2025, according to worldsteel.[19]
  • China’s apparent steel use was 905.1 million tonnes in 2023, down from 926.7 million tonnes in 2022.[19]
  • China’s apparent steel use per capita was 636.2 kilograms in 2023, according to worldsteel.[19]
  • China’s apparent steel use declined from 954.4 million tonnes in 2021 to 796.0 million tonnes in 2025, according to worldsteel.[19]
  • China’s apparent steel use per capita was 603.5 kilograms in 2024, according to worldsteel.[19]
  • China’s apparent steel use fell from 926.7 million tonnes in 2022 to 856.6 million tonnes in 2024.[19]

Differentiation in the chinese steel industry

  • 42.28 million tonnes of crude steel were produced by HBIS Group in 2024, ranking it fifth globally.[19]
  • 40.22 million tonnes of crude steel were produced by Shagang Group in 2024, ranking it sixth globally.[19]
  • 59.55 million tonnes of crude steel were produced by Ansteel Group in 2024, ranking it third globally.[19]
  • 39.37 million tonnes of crude steel were produced by Jianlong Group in 2024, ranking it seventh globally.[19]
  • 19.45 million tonnes of crude steel were produced by Shandong Steel Group in 2024, ranking it seventeenth globally.[19]
  • 29.33 million tonnes of crude steel were produced by Delong Steel in 2024, ranking it eleventh globally.[19]

07 Statistics

People & Workforce

Workforce indicators include retention and training throughput. Shandong Iron and Steel delivered 4,102,890 total training hours in 2024 and reported a 0.57% employee turnover rate.

Hiring in the chinese steel industry

  • 135 veterans were recruited by Shandong Iron and Steel in 2024.[20]
  • 2,018 employees aged 30 or younger worked at Shandong Iron and Steel in 2024.[20]

Employee retention in the chinese steel industry

  • The employee turnover rate for women at Shandong Iron and Steel was 0.09% in 2024.[20]
  • 100% of Shandong Iron and Steel employees returning from parental leave were retained in 2024.[20]
  • The employee turnover rate for men at Shandong Iron and Steel was 0.48% in 2024.[20]
  • 158 female employees at Shandong Iron and Steel took parental leave in 2024.[20]
  • Shandong Iron and Steel’s employee turnover rate was 0.57% in 2024.[20]

Remote Work in the mining and metals sector (sector benchmark)

  • Across Chilean mining and supplier companies, remote work covered 8.9% of extraction workers, 10.5% of processing workers, and 9.8% of maintenance workers, according to a survey referring to 2020.[21]
  • Across Chilean mining and supplier companies, 34.5% introduced remote work in main-value-chain positions such as extraction, processing, and maintenance, according to a survey referring to 2020.[21]
  • Across Chilean mining and supplier companies, 57.1% expected to maintain remote work in some positions after the pandemic, according to a survey referring to 2020.[21]
  • 100% of surveyed large-scale mining companies in Chile adopted virtual work in administration and support areas during the COVID-19 period, according to a survey referring to 2020.[21]
  • Across Chilean mining and supplier companies, 55.6% of mining companies reported applying remote work during the pandemic, according to a survey referring to 2020.[21]

Hybrid Work in the mining and metals sector (sector benchmark)

  • 2.4% of U.S. construction and extraction workers worked remotely at least sometimes during October 2023–September 2024, including hybrid and fully remote work.[22]
  • 76% of mining, quarrying, and oil-and-gas workers surveyed globally considered hybrid or remote work in an international relocation destination appealing in 2025.[23]
  • 3.4% of U.S. farming, fishing and forestry workers worked remotely at least sometimes during October 2023–September 2024, including hybrid and fully remote work.[22]
  • 16% of U.S. mining workers worked remotely at least sometimes during October 2023–September 2024, including hybrid and fully remote work.[22]

Upskilling in the chinese steel industry

  • 4,102,890 total training hours were delivered by Shandong Iron and Steel in 2024.[20]
  • 49.51 average training hours per employee were reported by Nanjing Iron & Steel in 2024 for both male and female employees.[24]
  • RMB95.04 million was invested in vocational training by Shandong Iron and Steel in 2024.[20]
  • RMB7.7295 million was invested in employee training by Chongqing Iron & Steel in 2024.[25]
  • 278,000 participants completed vocational-training projects at Baotou Iron and Steel in 2024.[26]

Employee Engagement in the mining and metals sector (sector benchmark)

  • At Mineral Resources Limited, 70% employee engagement was recorded in the FY2024 annual survey, three percentage points above the reported industry average of 67%.[27]
  • Across approximately 25 mining and metals organizations, 67% of employees were engaged in a Culture Amp benchmark collected from July 2025 through June 2026.[28]
  • Across approximately 25 mining and metals organizations, 27% of employees disagreed that the company acted when someone was not delivering in their role in a benchmark collected from July 2025 through June 2026.[28]
  • Across approximately 25 mining and metals organizations, 23% of employees were considering or actively seeking another job in a benchmark collected from July 2025 through June 2026.[28]
  • Across approximately 25 mining and metals organizations, 88% of employees agreed that they understood how their work contributed to company goals in a benchmark collected from July 2025 through June 2026.[28]

DEI in the chinese steel industry

  • 1,850 women were employed by Shandong Iron and Steel in 2024.[20]
  • 49.51 average training hours per female employee were reported by Nanjing Iron & Steel in 2024.[24]
  • 11.5% of Shandong Iron and Steel’s workforce was female in 2024, calculated from 1,850 female employees and 16,031 total employees.[20]
  • 100% was the parental-leave return and retention rate for female employees at Shandong Iron and Steel in 2024.[20]

08 Statistics

Customer & Sales

Customer metrics track complaint closure and satisfaction. Baosteel reported a 98.7% customer complaint closure rate in 2024 and 92.89 points for customer satisfaction.

Customer experience in the chinese steel industry

  • 925 visits to strategic key users were conducted by Shandong Steel in 2024 in China.[29]
  • 92.89 points was Baosteel’s 2024 customer satisfaction evaluation score in China.[30]
  • 98.7% was Baosteel’s 2024 customer complaint closure rate in China.[30]
  • Nearly 700 customer representatives and industry experts attended Valin Xiangtan Steel’s 2024 customer conference in China.[26]
  • 79.95 points was China Steel Corporation’s 2024 domestic-sales customer satisfaction score in Taiwan’s steel market.[31]

Customer acquisition in the chinese steel industry

  • 6,389 paying merchants used Zhaogang’s TCRM platform by December 2024.[3]
  • Approximately 40% was Zhaogang.com’s share of China’s online third-party steel transaction volume in 2023.[25]
  • 534,330 users were reached by Zhaogang’s TCRM platform by December 2024.[3]
  • 47 million tonnes was the 2023 transaction volume on Zhaogang.com’s Chinese steel platform.[25]
  • 371 suppliers and 1,728 buyers used Zhaogang’s non-steel transaction business by December 2024.[3]

Lead generation in the chinese steel industry

  • 19,811 orders were fulfilled by Zhaogang’s non-steel digital transaction business in 2024.[3]
  • Over 3,000 attendees participated in Mysteel’s 2025 China Steel Market Outlook conference, a major industry networking event.[32]
  • 160 billion yuan was the online transaction contract value generated by C&D Cloud Steel by March 2025.[33]
  • 47 million tonnes of online third-party steel transactions were handled by Zhaogang.com in China in 2023.[25]
  • 6,730,653 daily opportunities were processed by Zhaogang’s TCRM platform as of December 2024.[3]

09 Statistics

Marketing & Brand

Technical and digital engagement show up in measurable activity. China Steel Corporation held 10 technical seminars in 2025, and China Steel Network reported 660,000 public-account followers in 2024.

Marketing in the chinese steel industry

  • 10 technical seminars were held by China Steel Corporation in 2025 to improve customers’ steel-application knowledge.[3]
  • 15 large customer service teams operated within Shougang’s China marketing network in 2024.[34]
  • 94 ultra-deep wells deeper than 8,000 metres received Valin Hengyang Steelpipe technical services in 2024.[26]
  • 5 regional steel trading subsidiaries supported Shougang’s centralized marketing network in 2024.[34]
  • 550 wells received on-site technical services from Valin Hengyang Steelpipe in 2024.[26]

Digital marketing in the chinese steel industry

  • 230,000 community members were reported by China Steel Network in its 2024 annual report.[4]
  • One intelligent marketing IMC platform was launched by Baosteel in September 2024 in China.[30]
  • 660,000 public-account followers were reported by China Steel Network in its 2024 annual report.[4]
  • 24/7 online service was provided through Valin Hengyang Steelpipe’s digital intelligent marketing service platform in 2024.[26]
  • 470,000 registered businesses were reported by China Steel Network in its 2024 annual report.[4]

Branding in the chinese steel industry

  • 62.4 out of 100 was BAOWU’s Brand Strength Index score in Brand Finance’s 2025 ranking.[35]
  • 2.5 billion US dollars was BAOWU’s brand value in Brand Finance’s 2025 Mining, Metals & Minerals ranking.[35]
  • 53.4 billion yuan was Baosteel’s latest brand value in the 2023 China Listed Companies Brand Value List.[30]
  • 191.685 billion yuan was HBIS’s brand value in the 2025 China Top 500 Most Valuable Brands ranking.[36]

Social media in the chinese steel industry

  • More than 30 live-streaming rooms were operated by China Steel Network in 2024.[4]
  • 660,000 WeChat public-account followers were held by China Steel Network in 2024.[4]
  • Nearly 3 million followers were held across China Steel Network’s new-media accounts in 2024.[4]
  • 230,000 social-community members were reported by China Steel Network in 2024.[4]
  • 1.35 million Douyin followers were held by China Steel Network in 2024.[4]

Influencer Marketing in the mining and metals sector (sector benchmark)

  • In 2026, underground mining influencer Cory Rockwell had 117,100 TikTok followers, using videos about explosives, haul trucking, bolting and underground work.[37]
  • In 2026, Paula Mineria’s mining-related TikTok content had generated 1.6 million likes across audiences in Colombia, Japan, Chile, Panama, Canada and the United States.[37]
  • In 2026, Cory Rockwell’s most-watched underground-mining video reached 6.9 million views, demonstrating the potential scale of employee-led influencer content in mining.[37]
  • In 2026, Cory Rockwell’s underground-mining TikTok content had accumulated 5 million likes, providing a sector-specific audience benchmark for employee and operator advocacy.[37]
  • In 2026, Colombian mining and metallurgy student Paula Mineria had 110,600 TikTok followers, illustrating the reach of mining-focused influencer content.[37]

10 Statistics

Operations & Execution

Operational efficiency and emissions are tracked through process changes. China Baowu reported 20 kg of coke per tonne of hot metal saved via pellet substitution in a blast-furnace demonstration.

Process optimization in the chinese steel industry

  • 20 kg of coke per tonne of hot metal was saved by substituting pellets for sinter in a China Baowu blast-furnace demonstration.[19]
  • 102 technologies were included in China Baowu’s recommended catalog of ultimate energy-efficiency technologies.[30]
  • 0.25 tonnes of CO₂ per tonne of hot metal was reduced by the pellet-substitution process demonstrated by China Baowu.[19]
  • 1,420 tonnes of COD were emitted by China Baowu in 2024, down from 1,440 tonnes in 2023.[30]
  • 2.28 m³ of freshwater was consumed per tonne of steel at China Baowu in 2024, compared with 2.30 m³/t in 2023.[30]

Operational efficiency in the chinese steel industry

  • 24.90 million tonnes of crude steel were produced by Hunan Steel Group in 2024.[19]
  • 59.55 million tonnes of crude steel were produced by Ansteel Group in 2024.[19]
  • 31.57 million tonnes of crude steel were produced by Shougang Group in 2024.[19]
  • 39.37 million tonnes of crude steel were produced by Jianlong Group in 2024.[19]
  • 1,005.1 million tonnes of crude steel were produced in China in 2024.[19]

Supply chain in the chinese steel industry

  • 2.7% was the decline in China’s steel output during the first 11 months of 2024 compared with the same period of 2023.[24]
  • 146.85 million tonnes was China’s portside iron-ore inventory on December 27, 2024, up 28% year on year.[24]
  • 43 days was the inventory turnover period at a Chinese steel company at the end of 2024, down from 52 days at the start of the year.[24]
  • 1.237 billion tonnes of iron ore were imported by China in 2024, a record volume and 4.9% more than in 2023.[24]
  • 28% was the year-on-year increase in China’s portside iron-ore stocks by December 27, 2024.[24]

Outsourcing / Offshoring in the mining and metals sector (sector benchmark)

  • 54.0% was the average outsourcing rate among Chile’s medium-sized mining companies in 2019.[38]
  • Contractors represented 54% of Queensland’s mining-industry workforce in fiscal year 2022–2023.[39]
  • 75.0% was the average outsourcing rate among Chile’s large-scale mining companies in 2019.[38]
  • 13.5% was the average outsourcing rate among Chile’s small-scale mining companies in 2019.[38]
  • 30% of mining and metals companies rated outsourcing more functions and capabilities to third-party specialists a top or significant cybersecurity talent priority in 2023.[40]

11 Statistics

Finance & Pricing

Pricing and earnings signals stay compressed. In 2024, China’s average plate-steel-product price index fell to 100.58 points, and profits for association key enterprises declined about 50.3% year on year.

Pricing strategy in the chinese steel industry

  • 8.83% was the year-on-year decline in China’s average long-steel-product price index in 2024.[24]
  • 100.58 points was China’s average plate-steel-product price index in 2024, down 10.09% year on year.[24]
  • 8.39% was the year-on-year decline in China’s average Steel Price Index in 2024.[24]
  • 12% was the decline in China’s average steel price to approximately USD488 per tonne by July 2024.[41]
  • 10.09% was the year-on-year decline in China’s average plate-steel-product price index in 2024.[24]

Cost reduction in the chinese steel industry

  • 20 kg of coke per tonne of hot metal was reduced through China Baowu’s pellet-substitution process.[19]
  • 0.76% was the year-on-year decrease in domestic iron-concentrate costs for China’s key steel enterprises in 2024.[24]
  • 548.40 kgce per tonne was China Baowu’s comprehensive energy consumption intensity in 2024.[30]
  • 47,488 tonnes of nitrogen-oxide emissions were reported by China Baowu in 2024.[30]
  • 5.58% was the year-on-year decrease in imported iron-ore fines purchasing costs for China’s key steel enterprises in 2024.[24]

Profitability in the chinese steel industry

  • RMB29.19 billion was the approximate total profit of China’s iron-and-steel industry in 2024, down about 54.6% year on year.[3]
  • RMB42.9 billion was the 2024 profit of China Iron and Steel Association key enterprises, down 50.3% year on year.[42]
  • 1.97% was the average profit margin of large and medium-sized Chinese steel enterprises in January–June 2025.[43]
  • 50% was the approximate year-on-year decline in profits of China Iron and Steel Association key enterprises in 2024.[42]
  • RMB2.8055 trillion was the January–June 2025 operating cost of large and medium-sized Chinese steel enterprises.[43]

Financial planning in the chinese steel industry

  • RMB4.659 billion was attributable profit reported by a Chinese steel group in 2024.[24]
  • 100% was the operating-cash-flow realization rate reported by a Chinese steel company in 2024.[24]
  • 43 days was the year-end inventory turnover period at a Chinese steel company in 2024, down from 52 days at the beginning of the year.[24]
  • 81 days was the average inventory supply period of that Mainland China steel-processing group in 2024.[24]
  • HK$2,649.9 million was the total assets of a Mainland China steel-processing group at March 31, 2024.[24]

12 Statistics

Product & Service

Product development volumes are used to signal grade coverage. Maanshan Iron & Steel undertook 487 scientific research projects in 2024 and carried 108 new-product development projects.

Product development in the chinese steel industry

  • 108 new-product development projects were undertaken among 487 scientific research projects by Maanshan Iron & Steel in 2024, China.[15]
  • 19 new products were developed by Hangzhou Iron & Steel in 2024, with new-product output of 453,500 tonnes in Zhejiang, China.[44]
  • 15 new products were developed by Ningbo Iron & Steel in 2023, with cumulative output of 497,500 tonnes, China.[15]
  • 55 new products were developed by Bengang Steel Plates in 2024, China.[15]
  • 4.3% was the overall R&D-intensity rate of 28 key listed Chinese steel companies in 2024.[45]

Product lifecycle in the chinese steel industry

  • 16 steel products are covered by the World Steel Association’s lifecycle-inventory dataset based on 2024 data, including hot-rolled coil, plate, rebar, galvanized steel and tinplate.[19]
  • 2024 data were used in the latest global steel lifecycle-inventory dataset released in 2026, covering major steel-product markets including China.[19]

After-sales in the chinese steel industry

  • 92.89 points was Baosteel’s customer-satisfaction assessment score in 2024, China.[15]
  • 100% was Chongqing Iron & Steel’s customer-complaint resolution rate in 2024, China.[3]
  • 6,231 customer emails were received by Baosteel’s customer service center in 2024, China.[15]
  • 91.46% was Chongqing Iron & Steel’s customer-satisfaction rate in 2024, China.[3]
  • 100% was HBIS’s quality-complaint handling completion rate in 2024, China.[15]

Value proposition in the chinese steel industry

  • 5,000万元以上 was the annual additional benefit generated after Nanjing Iron & Steel’s integrated energy-control project went live in 2024, China.[15]
  • 276.62 million tonnes of specialty products were sold by Ningbo Iron & Steel in 2023, China.[15]
  • 4.65 million tonnes was the cumulative output of Hangzhou Iron & Steel’s 14 category-one new products in 2024, China.[44]
  • 15 customer product certifications were completed by Shagang in 2024 for automotive, railway and other high-end applications, China.[26]

13 Statistics

Sustainability & Ethics

Compliance and resource efficiency metrics are reported alongside customer and training coverage. Shandong Iron and Steel reported a 100% comprehensive steel-slag utilization rate in 2024.

Sustainability in the chinese steel industry

  • 99.02% was the water-reuse rate at Shanxi Taigang Stainless Steel in 2024, China.[26]
  • 80.2% was the clean-transport ratio reported by Shanxi Taigang Stainless Steel in 2024, China.[26]
  • 13.98 million tonnes of stainless steel were produced by Shanxi Taigang Stainless Steel in 2024, China.[26]
  • 54,354 volunteer-service hours were recorded by Shandong Iron and Steel in 2024, China.[20]
  • 100% was the employee social-insurance coverage rate at Shanxi Taigang Stainless Steel in 2024, China.[26]

ESG in the chinese steel industry

  • 4.11 billion yuan was Shanxi Taigang Stainless Steel’s R&D investment in 2024, China.[26]
  • 3.30% was Shandong Iron and Steel’s R&D-investment-to-revenue ratio in 2024, China.[20]
  • 128 employees participated in ESG training at Shanxi Taigang Stainless Steel in 2024, China.[26]
  • 100% of Shandong Iron and Steel employees received anti-discrimination and human-rights training in 2024, China.[20]
  • 87.9 points was Shanxi Taigang Stainless Steel’s customer-satisfaction score in 2024, China.[26]

Ethics in the chinese steel industry

  • 3,900 ten-thousand yuan had been recovered through supplier integrity-contract penalties at Shandong Iron and Steel by 2023, China.[15]
  • 100% of Shandong Iron and Steel directors received anti-commercial-bribery and anti-corruption training in 2024, China.[20]
  • 100% of Shandong Iron and Steel operations underwent internal audits or risk assessments on business ethics in 2024, China.[20]
  • 100% of Shandong Iron and Steel management personnel received anti-commercial-bribery and anti-corruption training in 2024, China.[20]
  • 100% of Shandong Iron and Steel employees received anti-commercial-bribery and anti-corruption training in 2024, China.[20]

CSR in the chinese steel industry

  • 100% was Shandong Iron and Steel’s employee-training coverage rate in 2024, China.[20]
  • 1,561 volunteer-service engagements were completed by Shanxi Taigang Stainless Steel in 2024, China.[26]
  • 9.70 million yuan was Shanxi Taigang Stainless Steel’s consumption-driven assistance spending in 2024, China.[26]
  • 100% was Shandong Iron and Steel’s parental-leave return and retention rate in 2024, China.[20]
  • 100% was Shandong Iron and Steel’s employee social-insurance coverage rate in 2024, China.[20]

Circular economy in the chinese steel industry

  • 21% was the share of recycled steel in China’s crude-steel production in 2023.[46]
  • 320 million tonnes was China’s 2025 target for annual steel-scrap utilization under its circular-economy plan.[47]
  • 407 million tonnes of ten major categories of renewable resources were recycled in China in 2024, including steel scrap.[46]
  • 100% was Shandong Iron and Steel’s comprehensive steel-slag utilization rate in 2024, China.[20]
  • 95.27% was Shandong Iron and Steel’s waste-recycling rate in 2024, China.[20]

Carbon footprint in the chinese steel industry

  • 2.10 tonnes of CO2 were emitted per tonne of steel produced in China, according to 2024 comparative calculations cited by the Brazil Steel Institute.[6]
  • 24.821 million tonnes of Scope 1 greenhouse-gas emissions were reported by Shandong Iron and Steel in 2024, China.[20]
  • 26.988 million tonnes of combined Scope 1 and Scope 2 greenhouse-gas emissions were reported by Shandong Iron and Steel in 2024, China.[20]
  • 2.332 million tonnes of Scope 2 greenhouse-gas emissions were reported by Shandong Iron and Steel in 2024, China.[20]
  • 2.18 tonnes of CO2-equivalent were emitted per tonne of crude steel in the worldsteel 2024 industry indicator, which includes Chinese producers in the reporting population.[19]

15 Statistics

Globalization & Expansion

International exposure shows through output and trade figures. China’s crude steel output was 1,005.1 million tonnes in 2025, and finished-steel exports reached 119.02 Mt in 2025.

Globalization in the chinese steel industry

  • 1,005.1 million tonnes of crude steel were produced in China in 2025, according to worldsteel’s annual country data.[19]
  • China’s apparent steel use was 796.0 million tonnes in 2025, according to worldsteel’s latest five-year series.[19]
  • China’s steel exports reached 118 million tonnes in 2024, according to reporting based on worldsteel data.[6]
  • China’s crude steel output was 1,019.1 million tonnes in 2024, based on worldsteel’s annual production series.[19]
  • China’s apparent steel use was 856.6 million tonnes in 2024, according to worldsteel.[19]

Key questions about the chinese steel industry

What sets the scale for China’s steel market size?
China’s steel market size is best measured by physical output: crude steel production reached 960.8 million tonnes in 2025.
Is Chinese steel demand expanding in the near term?
No. OECD forecasts Chinese steel demand at 830.94 million tonnes in 2025 and 817.84 million tonnes in 2030, implying an approximate annual decline of 0.3% over 2025–2030.
Which companies lead the chinese steel industry?
Ansteel Group leads Gitnux's 2026 chinese steel ranking with an Overall score of 9.0, with R&D at 3.88% of revenue. Delong Steel Industry Group is the highest-ranked metal products manufacturer at 8.7, with 32.03 million tonnes of crude steel reported for 2025.
What technology shift is visible in steel operations?
AI-enabled process improvements are already tied to yield and control metrics; for example, Nanjing Iron & Steel’s overall yield rate rose by 0.5% in 2026.
How concentrated is steel production in China?
Despite large groups, the sector remains fragmented despite the scale of its largest groups; China Baowu produced 124.76 million tonnes in 2025 and others include Ansteel at 57.61 million tonnes.
What is pressuring margins and production decisions in 2026?
Major steelmakers’ profits fell 27.4% year on year in the first nine months of 2026, alongside weaker property and construction demand that reduced domestic consumption.
Reference

Cite This Report

This report is designed to be cited. We maintain stable URLs and versioned verification dates. Copy the format appropriate for your publication below.

APA
Samuel Norberg. (2026, November 11). Chinese Steel Industry Statistics. Gitnux. https://gitnux.org/chinese-steel-industry-statistics
MLA
Samuel Norberg. "Chinese Steel Industry Statistics." Gitnux, 11 Nov 2026, https://gitnux.org/chinese-steel-industry-statistics.
Chicago
Samuel Norberg. 2026. "Chinese Steel Industry Statistics." Gitnux. https://gitnux.org/chinese-steel-industry-statistics.

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