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It produced 9.29 million tonnes of crude steel last year.
For the last five years world crude steel production grew by more than 7 percent, with China being the major contributor.
Global crude steel production slumped by more than 24 percent in the last quarter of 2008.
Crude steel capacity reached 660 million tonnes at the end of 2008, senior officials from the association said.
The company has recently increased its existing crude steel capacities by around 40%.
He forecast Chinese crude steel production of 505m-510m tonnes this year.
Crude steel output in March rose 5.1 percent from a year earlier, the 22nd consecutive increase.
They account for almost half of the world's total crude steel production, which is at around 1.3 billion tonnes annually.
The capacity addition is equivalent to about 20 percent of the company’s crude steel output last year.
Asia produced 63.8 million tonnes of crude steel in August, up 2.4 percent against the same period last year.
Crude steel output in China is expected to fall to less than 500 million tonnes, analysts and industry officials have said.
The capacity closure target has been lifted from 55mt crude steel to 110mt.
Crude steel production in India increased 12 percent in the first 11 months of the year.
Prices for crude steel have plunged about 30 percent this year and are at the lowest levels in two decades.
It forecast a 6 percent rise in crude steel output to 33 million tonnes.
The investment is designed to boost crude steel production in Russia to 22 million tonnes by 2015.
Analysts and industry officials have said they expect crude steel output to fall below 500 million tonnes this year.
Collection: The 15 largest enterprises producing crude steel are surveyed.
For the second year running, UK crude steel production was down around 5%.
U.S. crude steel production was up approximately 41 percent during the first 11 months of 2010 compared to the same period last year.
China's crude steel output this year is forecast to rise about 10 percent to 550 million tonnes.
Global output of crude steel fell 19 percent in November as a cooling world economy hit demand.
Sparrows Point has capacity to produce 3.6 million tonnes a year of crude steel.
To another man, they would have been crude steel boxes, crawling their way one at a time through narrow darkness.
Exports were led by China's soaring production of crude steel, which is estimated to have hit a record 490 million tonnes.