Company Name | Main business area | Strength | Weakness |
Arcelor Mittal | 22 countries in the America, Europe, Asia and Africa | Have the largest and broad market, advanced technology research, strong development ability | Fierce competition, strict environmental legislation, threat from alternatives to steel |
POSCO | South Korea, Japan, China, Asia, North America and other regions | Complete product category, wide business scope, strong R&D ability | Be highly dependent on domestic markets, heavy debt burden, threat from alternatives to steel |
JFE | Canada, Brazil, China, Thailand, Philippines, Indonesia, South Korea, Germany and the United States, etc. | Developed quality assurance system, strong technical innovation ability, near the emerging markets | Be highly dependent on imported raw materials, strict environmental legislation, threat from alternatives to steel |
EU steel industry | Regional industry, Multinational operation | Grasp the high-end steel products within the EU market, highly specialized, strong R&D ability, high degree of recycling | Be highly dependent on imported raw materials and internal market of EU, high energy consumption, strict environmental legislation, weakened regional dominance |