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Tata Steel ranked sixth-largest producer, Arcelor Mittal is No. 1

Tata Steel ranked sixth-largest producer, Arcelor Mittal is No. 1
PTI
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First Published: Sat, Apr 14 2007. 12 31 AM IST
Updated: Sat, Apr 14 2007. 12 31 AM IST
New Delhi: Tata Steel Ltd, which recently acquired UK’s Corus Group Plc., has been ranked the world’s sixth-largest producer of the alloy with an output of 24 million tonnes (mt), according to Iron and Steel Statistics Bureau (ISSB).
Tata Steel bought Corus for about Rs51,600 crore.
According to data compiled by the London-based ISSB, Indian-born Lakshmi Mittal’s Arcelor Mittal has emerged as the largest producer with a total production of 118mt in 2006, after Mittal Steel Co. acquired European giant Arcelor SA for $38.3 billion (Rs1.76 lakh crore then) in the industry’s biggest-ever transaction.
Arcelor Mittal’s output rose from 109.7mt in 2005 to 118mt last year, while the combined output of Tata Steel and Corus rose from 23.2mt to 24mt.
In the country ranking, India stood seventh with a total output of 44 mt, up 8% from the previous year, while China retained its top position with 418.8 mt, up 18%.
Brazil, the native country of CSN, which had tried to beat out Tata Steel’s bid for Corus, witnessed a 2% fall in output to 30.9mt and was ranked ninth, according to the ISSB data.
Total global crude steel production rose 9% to 1.24 billion tonnes, while the top 15 producers accounted for about 35% of the total output.
In the company ranking, Japan’s Nippon Steel Corp. and JFE Steel Corp. jumped from third to second position and from fifth to third position, respectively.
South Korean major Posco maintained its fourth position, while China’s Baosteel gained one rank from sixth to fifth, with a total output of 26mt in 2006.
Other steel makers in the top 10 list included China’s Anben Steel (at seventh position created after the merger of Anshan Iron & Steel Group and Benxi), Shandong (at eighth rank after the merger of Laiwu and Jinan), U.S. Steel (ninth) and Nucor (10th).
The bureau said the rankings were based on data collected from the International Iron & Steel Institute and Metal Bulletin.
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First Published: Sat, Apr 14 2007. 12 31 AM IST
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