BLOG

Top 5 Suppliers in the Stainless Steel Market

Oct 5, 2017

Stainless steel is a highly versatile metal which finds extensive applications in industrial manufacturing and household appliances. Industrial manufacturers use stainless steel in metal products, mechanical engineering, construction, vehicles and spares, and electric machinery. The material’s versatility in its usage has resulted in the constant growth of this market with a CAGR of above 4% for the next couple of years. Stainless steel suppliers are looking for ways to digitize the supply chain and adopt sustainability practices to sustain themselves in the highly competitive market space. Here are the top stainless steel suppliers driving the competition in this market:

Request Free SampleACERINOX

ACERINOX is the world’s largest stainless steel supplier with an annual output of 3.5 million MT. They are headquartered in Madrid, Spain with operations spread across the world in parts of Europe, Malaysia, South Africa, USA, Argentina, and Chile. From its conception, it has carried out a continuous program of investments, with the development of technological innovations that have constituted an exemplary landmark in the technology of stainless steel.

POSCO

POSCO is the fifth largest steelmaker in the world headquartered in Pohang, South Korea. The stainless steel supplier serves high profile client such as Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co., and LG Electronics. In 2014, Posco & Chongqing Iron & Steel signed an agreement for $3.3 bn investment.

HBIS Group Co. Ltd

HBIS Group Co. Ltd is one of China’s largest iron and steel manufacturer with annual revenues of over US$ 40 billion. In 2016, the report on the comprehensive competitiveness of Chinese iron and steel enterprises categorized the HBIS Group to be “highly competitive”. They are highly focused on sustainable steelmaking practices with one of their plants being recognized as the cleanest steel plant in the world.

Tsingshan Holding Group Co. Ltd

Tsingshan Holding Group Co., Ltd., founded in 1992, offers stainless steel and related products, which are used in fields such as machinery, electric power, petroleum, chemical industry, aeronautics and astronautics, automobile, shipbuilding, food, pharmacy, and decoration. Operating with over 20,000 employees, this stainless steel supplier generates revenues of over US$ 15 billion.

Taiyuan Iron and Steel (Group) Co. Ltd. (TISCO)

Taiyuan Iron and Steel (Group) Co. Ltd. (TISCO) is a Chinese steelmaker with a production volume of 10.25 million metric tons, out of which 3.1 million MT is stainless steel. After starting its first phase of stainless steel production in 1952, the company has now achieved great success in its stainless steel business.

Read more about the top stainless steel supplier along with supply market landscape, pricing, and procurement insights in SpendEdge’s upcoming report on the global stainless steel market.

CTA view full reportRelated Articles:

Getting Down To Business

We are offering Free Trials to all our customers or prospects who have been impacted positively or negatively by Covid-19 and are looking to connect with prospect buyers immediately.

Contact us

Sourcing and Procurement Market Intelligence Services

Products and Tools

Featured

Services Overview

Category Market Intelligence

Supply Market Analysis

Low-Cost/Best-Cost Country Sourcing

Benchmarking

Spend Analysis

Cost Modeling and Should-Cost Analysis

Total Cost of Ownership (TCO) Analysis

Supplier Risk Analysis

Supply Chain Risk Assessment

Supplier Sustainability Assessment

Commodity Price Forecasting

Category Management

Supplier Negotiations

Contract Management

Procurement Store

Purchase Ready-to-use Reports

SEinsightsTM

Our Robust Procurement Platform

BizVibeTM

Suppliers and Buyers Marketplace

SUPPLY MARKET ANALYSIS FOR A METAL MANUFACTURING COMPANY HELPS ACHIEVE ANNUAL SAVINGS OF $15 MILLION

Industries

Industries Overview

Automotive and Tire

Banking, Financial Services and Insurance

Biotechnology, Pharmaceutical and Life Sciences

Chemicals

Energy

Food and Beverage

Industrial and Manufacturing

ICT, Media and Entertainment

Mining, Metals and Minerals

Retail and CPG

Transportation

INCREASING LOCAL PROCUREMENT BY 28% FOR A COMPANY IN THE METALS AND MINING INDUSTRY – A CASE STUDY BY SPENDEDGE

Resources

Featured

Resources Overview

COVID-19 Resources

Blogs

Case Studies

Whitepapers

Webinars

Press Releases and Media Mentions

5 KEY CORONAVIRUS RISK ASSESSMENT STRATEGIES TO OVERCOME HEALTHCARE SUPPLY CHAIN CHALLENGES

IDENTIFYING STRATEGIC PURCHASING PRACTICES FOR A COMPANY IN THE US FOOD SERVICE INDUSTRY | SPENDEDGE’S LATEST SUCCESS STORY

COVID-19

Featured

Overview

Buyers

Diagnostic Test Kit

Additional Resources
Contact

A LOOK INTO THE FUTURE OF THE FOOD AND BEVERAGE INDUSTRY AFTER THE COVID-19 PANDEMIC

Identifying the Top 100 Coronavirus (COVID-19) Test Kit Manufacturers Across Regions

Clients

Featured

Clients Overview

Who We Serve

Case Studies

SUPPLY CHAIN MANAGEMENT HELPS AN IMPORT AND EXPORT INDUSTRY CLIENT ENHANCE SUPPLY CHAIN VISIBILITY

REALIZING SAVINGS OF $15 MILLION IN PACKAGING SPEND FOR AN FMCG CLIENT – PACKAGING SOURCING STRATEGY

About Us

News

About SpendEdge
Why SpendEdge?
Vision, Mission and Values
Clients
Social Impact
Global Offices

Press Releases and Media Mentions

Upcoming Events & Webinars