Earlier this month Nippon Steel Corp. and Sumitomo Metal Corp. of Japan merged to form the second biggest steelmaker in the world. The merged company had a combined production capacity of 46 million tons which is about half of production capacity of the number one global steelmaker ArcelorMittal (MT). Nippon Steel & Sumitomo Metal trades on the OTC market under the ticker NSSMY.
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Source: Steel’s New Number 2, The Wall Street Journal
The journal article noted that with this merger, nine out of the top ten steel makers are Asian companies.
Who were the World’s Top Steel-Producing Companies in 2011?
Source: World Steel Association
Some of the steel makers trading on the US markets include:
1. POSCO (PKX)
3. Nucor Steel (NUE)
4. Companhia Siderurgica Nacional SA (SID)
5. Gerdau (GGB)
A Review of the Current Global Steel Market (June, 2009)
Disclosure: No Positions