Another state-owned Chinese company, Ansteel Group, plans to produce 55.65 million tons of steel in 2022. The company is ranked third. Japan-based Nippon Steel Corporation is ranked fourth as it produced 44.37 million tonnes of steel last year.

Steel plays an important role in construction and other manufacturing goods. But, do you know which company is the world's largest steel company and where Tata Steel ranks on the list? Today we are going to give you the complete list of major steel producers in the world.

China's state-owned Baowu Steel Group Corp is the world's largest steel company. The company has produced 131.84 million metric tonnes of steel in a year. ArcelorMittal is second as the company is expected to produce 68.89 million tonnes of steel in 2022.

Another state-owned Chinese company, Ansteel Group, plans to produce 55.65 million tons of steel in 2022. The company is ranked third. Japan-based Nippon Steel Corporation is ranked fourth as it produced 44.37 million tonnes of steel last year.

China's Shagang Group is the largest private steel company and produced 41.45 million tonnes of crude steel in 2022. She is ranked fifth. China's state-owned HBIS company plans to produce 41 million tons of steel in 2022. It is the largest home appliance steel producer in the country. It ranks sixth.

South Korea's POSCO Steel plans to produce 38.64 million tonnes of crude steel in 2022. It ranks 7th. Chinese private company Jianlong Steel plans to produce 36.56 million tonnes of crude steel in 2022. It is ranked 8th. China's Shougang Group will produce 33.82 million tons of crude steel in 2022, ranking ninth.

Ratan Tata's Tata Steel plans to produce 30.18 million tonnes of steel in 2022. It is ranked 10th. According to Reuters, the company is one of the largest steel producers in Europe.