2016 | 2015 | Name | Country | 2016 | 2015 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|
| 1 | 2 | BHP Billiton | Australia | $5,275M | $6,107M | AA+ | AA |
| 2 | 1 | Glencore Xstrata | Switzerland | $4,976M | $6,359M | AA- | AA |
| 3 | 3 | Posco | South Korea | $3,603M | $4,713M | AA | AA |
| 4 | 4 | ArcelorMittal | Luxembourg | $3,205M | $4,311M | AA- | AA- |
| 5 | 5 | Rio Tinto | United Kingdom | $3,076M | $4,229M | AA+ | AA+ |
| 6 | 6 | China Shenhua | China | $2,655M | $3,193M | AA | AA- |
| 7 | 7 | Thyssenkrupp | Germany | $2,508M | $3,014M | AA- | AA |
| 8 | 8 | Nippon Steel | Japan | $2,024M | $2,796M | A+ | AA |
| 9 | 12 | Vale | Brazil | $1,966M | $1,852M | AAA- | AAA- |
| 10 | 11 | Freeport-McMoRan | United States | $1,836M | $2,219M | AA | AA |
| 11 | 10 | Alcoa | United States | 🔒 | 🔒 | 🔒 | 🔒 |
| 12 | 13 | Anglo American | United Kingdom | 🔒 | 🔒 | 🔒 | 🔒 |
| 13 | 9 | Tata Steel | India | 🔒 | 🔒 | 🔒 | 🔒 |
| 14 | 14 | Baosteel | China | 🔒 | 🔒 | 🔒 | 🔒 |
| 15 | 15 | JFE | Japan | 🔒 | 🔒 | 🔒 | 🔒 |
| 16 | 16 | Nucor | United States | 🔒 | 🔒 | 🔒 | 🔒 |
| 17 | 22 | KOBELCO | Japan | 🔒 | 🔒 | 🔒 | 🔒 |
| 18 | null | Hitachi Metals Ltd | Japan | 🔒 | 🔒 | 🔒 | 🔒 |
| 19 | 17 | Voestalpine | Austria | 🔒 | 🔒 | 🔒 | 🔒 |
| 20 | 21 | GrupoMexico | Mexico | 🔒 | 🔒 | 🔒 | 🔒 |
| 21 | 20 | Vedanta Resources | India | 🔒 | 🔒 | 🔒 | 🔒 |
| 22 | null | Ma'aden | Saudi Arabia | 🔒 | 🔒 | 🔒 | 🔒 |
| 23 | 25 | Hyundai Steel | South Korea | 🔒 | 🔒 | 🔒 | 🔒 |
| 24 | null | Mitsubishi Materials | Japan | 🔒 | 🔒 | 🔒 | 🔒 |
| 25 | null | Newmont | United States | 🔒 | 🔒 | 🔒 | 🔒 |