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Global Steel Market Share, Size, Trends, Growth, Forecast: By Product: Long Steel, Flat Steel; By Type: Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel; By Application: Construction, Mechanical Engineering, Automotive, Metalware, Domestic Appliances, Agricultural, Others; Regional Analysis; Competitive Landscape; 2024-2032
Competitive Landscape
Major steel market players are increasing their collaboration, partnership, and research and development activities to gain a competitive edge
- ArcelorMittal S.A.
- Ansteel Group Corporation Limited
- Nippon Steel Corporation
- HBIS Group Co., Ltd.
- Jiangsu Shagang Group
- POSCO Holding Inc.
- JFE Steel Corporation
- Tata Steel Limited
- Hyundai Steel Co., Ltd
- China Baowu Steel Group Corporation
- Others
Steel Market Report Snapshots
Steel Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Steel Market Analysis
8.1 Key Industry Highlights
8.2 Global Steel Historical Market (2018-2023)
8.3 Global Steel Market Forecast (2024-2032)
8.4 Global Steel Market by Product
8.4.1 Long Steel
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Product Type
8.4.1.3.1 Wire Rod
8.4.1.3.2 Rebars
8.4.1.3.3 Merchant Bars
8.4.1.3.4 Heavy Sections
8.4.1.3.5 Others
8.4.2 Flat Steel
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Product Type
8.4.2.3.1 Hot Rolled Wide Strip
8.4.2.3.2 Quarto Plate
8.4.2.3.3 Others
8.5 Global Steel Market by Type
8.5.1 Carbon Steel
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Alloy Steel
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Stainless Steel
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Tool Steel
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Steel Market by Application
8.6.1 Construction
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Mechanical Engineering
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Automotive
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Metalware
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Domestic Appliances
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Agricultural
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global Steel Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Steel Market Analysis
9.1 Market by Product
9.2 Market by Type
9.3 Market by Application
9.4 Market by Country
9.4.1 United States of America
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Canada
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
10 Europe Steel Market Analysis
10.1 Market by Product
10.2 Market by Type
10.3 Market by Application
10.4 Market by Country
10.4.1 United Kingdom
10.4.1.1 Historical Trend (2018-2023)
10.4.1.2 Forecast Trend (2024-2032)
10.4.2 Germany
10.4.2.1 Historical Trend (2018-2023)
10.4.2.2 Forecast Trend (2024-2032)
10.4.3 France
10.4.3.1 Historical Trend (2018-2023)
10.4.3.2 Forecast Trend (2024-2032)
10.4.4 Italy
10.4.4.1 Historical Trend (2018-2023)
10.4.4.2 Forecast Trend (2024-2032)
10.4.4 Spain
10.4.4.1 Historical Trend (2018-2023)
10.4.4.2 Forecast Trend (2024-2032)
10.4.5 Others
11 Asia Pacific Steel Market Analysis
11.1 Market by Product
11.2 Market by Type
11.3 Market by Application
11.4 Market by Country
11.4.1 China
11.4.1.1 Historical Trend (2018-2023)
11.4.1.2 Forecast Trend (2024-2032)
11.4.2 Japan
11.4.2.1 Historical Trend (2018-2023)
11.4.2.2 Forecast Trend (2024-2032)
11.4.3 India
11.4.3.1 Historical Trend (2018-2023)
11.4.3.2 Forecast Trend (2024-2032)
11.4.4 ASEAN
11.4.4.1 Historical Trend (2018-2023)
11.4.4.2 Forecast Trend (2024-2032)
11.4.5 South Korea
11.4.5.1 Historical Trend (2018-2023)
11.4.5.2 Forecast Trend (2024-2032)
11.4.6 Australia
11.4.6.1 Historical Trend (2018-2023)
11.4.6.2 Forecast Trend (2024-2032)
11.4.7 Others
12 Latin America Steel Market Analysis
12.1 Market by Product
12.2 Market by Type
12.3 Market by Application
12.4 Market by Country
12.4.1 Brazil
12.4.1.1 Historical Trend (2018-2023)
12.4.1.2 Forecast Trend (2024-2032)
12.4.2 Argentina
12.4.2.1 Historical Trend (2018-2023)
12.4.2.2 Forecast Trend (2024-2032)
12.4.3 Mexico
12.4.3.1 Historical Trend (2018-2023)
12.4.3.2 Forecast Trend (2024-2032)
12.4.4 Guatemala
12.4.4.1 Historical Trend (2018-2023)
12.4.4.2 Forecast Trend (2024-2032)
12.4.5 El Salvador
12.4.5.1 Historical Trend (2018-2023)
12.4.5.2 Forecast Trend (2024-2032)
12.4.6 Honduras
12.4.6.1 Historical Trend (2018-2023)
12.4.6.2 Forecast Trend (2024-2032)
12.4.7 Others
13 Middle East and Africa Steel Market Analysis
13.1 Market by Product
13.2 Market by Type
13.3 Market by Application
13.4 Market by Country
13.4.1 Saudi Arabia
13.4.1.1 Historical Trend (2018-2023)
13.4.1.2 Forecast Trend (2024-2032)
13.4.2 United Arab Emirates
13.4.2.1 Historical Trend (2018-2023)
13.4.2.2 Forecast Trend (2024-2032)
13.4.3 Nigeria
13.4.3.1 Historical Trend (2018-2023)
13.4.3.2 Forecast Trend (2024-2032)
13.4.4 South Africa
13.4.4.1 Historical Trend (2018-2023)
13.4.4.2 Forecast Trend (2024-2032)
13.4.5 Turkey
13.4.5.1 Historical Trend (2018-2023)
13.4.5.2 Forecast Trend (2024-2032)
13.4.6 Egypt
13.4.6.1 Historical Trend (2018-2023)
13.4.6.2 Forecast Trend (2024-2032)
13.4.7 Iran
13.4.7.1 Historical Trend (2018-2023)
13.4.7.2 Forecast Trend (2024-2032)
13.4.8 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 ArcelorMittal S.A.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Ansteel Group Corporation Limited
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Nippon Steel Corporation
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 HBIS Group Co., Ltd.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Jiangsu Shagang Group
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 POSCO Holding Inc.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 JFE Steel Corporation
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Tata Steel Limited
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Hyundai Steel Co., Ltd
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 China Baowu Steel Group Corporation
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Steel Market: Key Industry Highlights, 2018 and 2032
2. Global Steel Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Steel Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Steel Historical Market: Breakup by Type (USD Million), 2018-2023
5. Global Steel Market Forecast: Breakup by Type (USD Million), 2024-2032
6. Global Steel Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Steel Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Steel Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Steel Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Steel Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Steel Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Steel Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Steel Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Steel Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Steel Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Major Importing Countries by Value
21. Major Exporting Countries by Value
22. Major Importing Countries by Volume
23. Major Exporting Countries by Volume
24. Global Steel Market Structure
Key Questions Answered in the Report
In 2023, the market volume was approximately 1799.6 MMT.
The market is projected to grow at a CAGR of 1.63% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around 2086.8 MMT by 2032.
The major drivers include the growth in infrastructural activities, construction of railways, ports, roads, airports and housing globally, and recyclability of steel.
The key trends aiding the market include technological developments such as Industry 4.0, digitalisation, automation, and additive manufacturing in steel production and the growing demand for light weighted steel in automotive sector.
The different types of steel include carbon steel, alloy steel, stainless steel, and tool steel.
The major applications of steel include construction, mechanical engineering, automotive, metalware, domestic appliances, and agricultural, among others.
The major players in the market include ArcelorMittal S.A., Ansteel Group Corporation Limited, Nippon Steel Corporation, HBIS Group Co., Ltd., Jiangsu Shagang Group, POSCO Holdings Inc., JFE Steel Corporation, Tata Steel Limited, Hyundai Steel Co., Ltd, and China Baowu Steel Group Corporation, among others.
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