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The steel production and raw materials industry is a whole different world. I am not knowledgable in the area at all but a recent linkedin post by a friend was
by kamyarg 6y ago
The steel production and raw materials industry is a whole different world. I am not knowledgable in the area at all but a recent linkedin post by a friend was listing the biggest steel producers by country, I did not recognise any names except Tata from India and Thyssenkrupp from Germany.
Here is a list I found from a quick search, try to guess which country the biggest producers is based in or how many of top 5 you expect to have heard of before opening the link.
https://en.wikipedia.org/wiki/List_of_steel_producers https://en.wikipedia.org/wiki/List_of_steel_producers
- jfim 6y agoI didn't even know Thyssenkrupp did things other than elevators.
- kamyarg 6y ago"In February 2020, Thyssenkrup AG's board announced that it would sell its elevator segment to Advent International ... " https://en.wikipedia.org/wiki/ThyssenKrupp https://en.wikipedia.org/wiki/ThyssenKrupp This just keeps getting more interesting.
- mulmen 6y agoThis is actually pretty amazing. I predicted that the top few would be US based companies but I hadn't heard of them because they are rounding errors. I was wrong about that but the first US based steel company on the list is in my neighborhood. I ride up to their plant on my daily bike ride.
- kbenson 6y agoThat is a lot of Chinese steel, at what looks to be about 25% of the total worldwide production, just by the companies listed in the top 41. It looks like possibly a majority of worldwide production isn't in this list (which seems to gut off at less than 10 million tonnes), so it's possible it's even higher, if there's a lot of small steel companies based in China as well.