Where is the largest private steel company headed?
According to data from the World Steel Association (WSA), Shagang Group's crude steel production reached 40.54 million tons in 2023, making it the second-largest producer globally, trailing only Baowu Iron and Steel Group, Angang Group, and Hesteel Group. This places Shagang as the sixth-largest steel producer in the world, fourth in China, and first among private enterprises.
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