The latest report released by the World Steel Association(WSA) on the steel industry showed that in 2009, the output of China's Baosteel Group Corporation reached 31.3 million tons, making the company the world's second largest steel enterprise, only behind the US's Arcelor Mittal.

Data showed that Arcelor Mittal's output in 2009 reached 77.50 million tons. South Korea's Pohang Iron and Steel Company (POSCO) ranked in the third position with an output of 31.1 million tons.

The report also showed that China's steel output in 2009 reached 568 million tons, topping in the world, followed by Japan, India, Russia and the US.