Steel Market Size Share Growth & Industry Trends 2024-20231

Steel Market Size, Share, Industry, Forecast and Outlook (2024-2031)

<h2>Global Steel Market is segmented By Product (Crude Steel, Finished Steel,&nbsp;Scrap Steel) By Application (Pre-Engineered Metal Buildings, Panels, Roofs and Walls, Bridges, Industrial Structures, Others)&nbsp;By End-User (Automotive, Construction, Manufacturing, Machinery and Equipment, Consumer Goods, Aviation &amp; Marine, Others)&nbsp;and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) &ndash; Share, Size, Outlook, and Opportunity Analysis, 2024-2031</h2>

<h3>Market Overview&nbsp;</h3>

<blockquote>
Global Steel Market reached US$ 953.7 billion in 2023 and is expected to reach US$ 1,232.1 billion by 2031, growing with a CAGR of 3.3% during the forecast period 2024-2031.
</blockquote>

The global steel market is still an integral component of the industrial sector, contributing significantly to global manufacturing, infrastructure development and economic growth. To meet the demands of many end-user sectors, the steel industry persists in adapting and innovating in the face of obstacles such as overcapacity, varying demand and changing trade dynamics.

Steel companies can take advantage of economies of scale, streamline processes and improve supply chain management through acquisitions. Steel producers can expand their product lines, boost customer support and strengthen their market position by combining similar industries or obtaining specialized skills.&nbsp;

For instance, in December 2023, After surpassing bidders including Cleveland-Cliffs and ArcelorMittal in an auction, Japan&#39;s Nippon Steel secured an agreement to purchase US Steel for US$14.9 billion in cash. U.S. Steel was also pursued by ArcelorMittal. At a mill owned by Nippon and ArcelorMittal in Alabama, semi-finished product or slabs, that are purchased from domestic and international vendors are processed to produce steel sheet products. Additionally, they are spending almost US$ 1 billion on an electric arc furnace. Therefore, Asia-Pacific based manufacturers contribute to the growth of the global product market with significant market share.

<h3>Market Scope</h3>

<table cellspacing="0" style="border-collapse:collapse">
	<tbody>
		<tr>
			<td style="background-color:#4472c4; border-bottom:1px solid #7295d2; border-left:1px solid #7295d2; border-top:1px solid #7295d2; vertical-align:top; width:312px">
			Metrics
			</td>
			<td style="background-color:#4472c4; border-bottom:1px solid #7295d2; border-right:1px solid #7295d2; border-top:1px solid #7295d2; vertical-align:top; width:312px">
			Details
			</td>
		</tr>
		<tr>
			<td style="background-color:#d0dcf0; border-bottom:1px solid #8eaadb; border-left:1px solid #8eaadb; border-top:1px solid #7295d2; vertical-align:middle; width:312px">
			CAGR
			</td>
			<td style="background-color:#d0dcf0; border-bottom:1px solid #8eaadb; border-right:1px solid #8eaadb; border-top:1px solid #7295d2; vertical-align:middle; width:312px">
			3.3%
			</td>
		</tr>
		<tr>
			<td style="background-color:#d6e6f4; border-bottom:1px solid #8eaadb; border-left:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			Size Available for Years
			</td>
			<td style="background-color:#d6e6f4; border-bottom:1px solid #8eaadb; border-right:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			2022-2031
			</td>
		</tr>
		<tr>
			<td style="background-color:#d0dcf0; border-bottom:1px solid #8eaadb; border-left:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			Forecast Period
			</td>
			<td style="background-color:#d0dcf0; border-bottom:1px solid #8eaadb; border-right:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			2024-2031
			</td>
		</tr>
		<tr>
			<td style="background-color:#d6e6f4; border-bottom:1px solid #8eaadb; border-left:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			Data Availability
			</td>
			<td style="background-color:#d6e6f4; border-bottom:1px solid #8eaadb; border-right:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			Value (US$)&nbsp;
			</td>
		</tr>
		<tr>
			<td style="background-color:#d0dcf0; border-bottom:1px solid #8eaadb; border-left:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			Segments Covered
			</td>
			<td style="background-color:#d0dcf0; border-bottom:1px solid #8eaadb; border-right:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			Product, Application, End-User and Region
			</td>
		</tr>
		<tr>
			<td style="background-color:#d6e6f4; border-bottom:1px solid #8eaadb; border-left:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			Regions Covered
			</td>
			<td style="background-color:#d6e6f4; border-bottom:1px solid #8eaadb; border-right:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			North America, Europe, Asia-Pacific, South America and Middle East &amp; Africa
			</td>
		</tr>
		<tr>
			<td style="background-color:#d0dcf0; border-bottom:1px solid #8eaadb; border-left:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			Fastest Growing Region
			</td>
			<td style="background-color:#d0dcf0; border-bottom:1px solid #8eaadb; border-right:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			Asia-Pacific
			</td>
		</tr>
		<tr>
			<td style="background-color:#d6e6f4; border-bottom:1px solid #8eaadb; border-left:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			Largest Region
			</td>
			<td style="background-color:#d6e6f4; border-bottom:1px solid #8eaadb; border-right:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			Asia-Pacific
			</td>
		</tr>
		<tr>
			<td style="background-color:#d0dcf0; border-bottom:1px solid #8eaadb; border-left:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			Report Insights Covered
			</td>
			<td style="background-color:#d0dcf0; border-bottom:1px solid #8eaadb; border-right:1px solid #8eaadb; border-top:1px solid #8eaadb; vertical-align:middle; width:312px">
			Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter&rsquo;s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights.
			</td>
		</tr>
	</tbody>
</table>

&nbsp;

For more details on this report - <a href="https://www.datamintelligence.com/download-sample/steel-market" target="_blank">Request for Sample</a>

<h3>&nbsp;</h3>

<h3>Market Dynamics</h3>

Investment Driving Production Capacity Expansion in the Steel Industry

Steel companies can increase their production capacity through investment by building new facilities or by renovating and modernizing their current ones. Because of their increasing capacity, the expanding capacities will meet the rising demand for steel products both domestically and internationally.

Nucor Corp. stated on February 21, 2024, that the development of a rebar micro mill in the Pacific Northwest will get funds of US$ 860 million, as approved by the board. It&#39;s still unknown where the mill is located. The mill will produce 650,000 Tons of steel rebar annually, will be the largest Nucor steel rebar mill ever constructed. With authorization from the relevant authorities, it is expected to be finished in two years. The steelmaker stated in a statement that the local rebar market is anticipated to continue to demonstrate strength against the backdrop of rising U.S. infrastructure investments as part of Biden&#39;s US$ 1 trillion infrastructure package.

Technological Collaboration Driving Innovation in Eco-Friendly Steel Production

Collaboration allows the stakeholders to share technological advancements and solutions in the developments of eco-friendly steel production. The knowledge sharing will have the significant potential to accelerate the development of more sustainable steel production methods, such as harnessing renewable energy sources, storage technology and enhancing recycling procedures.

Early trading on October 30, 2023&nbsp;depicts a minor boost in Mukand&#39;s share price due to its collaboration with Tata Power Renewable Energy. A Power Delivery Agreement has been signed by the firms for a 43.75 MW AC Group Captive Solar project situated in Jamkhed, Maharashtra. In addition to meeting Mukand Limited&#39;s energy demands, this solar array is planned to produce 99.82 MUs yearly and improve the environmental friendliness of steel manufacturing processes.&nbsp;The group&rsquo;s captive solar power plant construction, operation and maintenance will fall under the purview of TPREL.&nbsp;

Trade Disputes and Protectionism

Foreign steel producers may find their access to markets restricted by governments that impose taxes or restrictions on steel imports. As a result, consumers and downstream sectors that use steel as a raw material may pay more as there is less competition in the regional and other local market place.

Global supply chains can be disrupted by trade disputes, which can cause logistical problems and delays in the delivery of steel products. The expansion of the steel market can also be hampered by long-term investment in additional capacity or infrastructure due to uncertainty surrounding trade rules and possible retaliatory actions.

Fluctuation Raw Material Costs

Price volatility for steel can result from changes in the cost of raw materials, which makes it challenging for manufacturers to bargain with clients or establish competitive selling prices. Customer demand can also be impacted by price volatility since companies may decide to defer purchases or look for substitute supplies in reaction to erratic price fluctuations.

Long-term investment in the steel sector may be discouraged by costs associated with raw materials being uncertain. In light of fluctuating input costs, steel producers might be reluctant to commit cash to new ventures or expansion plans, which would restrict the industry&#39;s potential for development and modernization.

<h3>Segment Analysis</h3>

The global steel market is segmented based on product, application, end-user and region.

Growing Crude Steel Production Drive Market

Crude steel is an essential component of many industrial manufacturing processes, including those that produce appliances, machinery, automobiles and ships. Crude steel is in greater demand as a raw material when industrial output levels expand internationally due to factors like economic expansion, technical improvement and rising consumer demand.

U.S.&#39;s crude steel output increased 0.2% to 80.7 million metric Tons in 2023, but in December it surged 7.6% to 6.8 million metric Tons. In 2023, Russia&#39;s steel production increased by 5.6% year over year to 75.8 million metric Tons and by 4.3% to 6 million metric Tons in December. Therefore, burgeoning demand for crude steel primarily in construction sector segment captures the majority of the market shares in the total global market.

<h3>Geographical Penetration</h3>

China&#39;s Technological Advancements and Investments in Steel Sector

China has made significant investments to modernize its steel sector using cutting-edge technology and manufacturing techniques. The technological developments can be used to improve the productivity, sustainability and quality of steel production in a new manufacturing facility in China. The global steel market&#39;s best practices and standards may be impacted by this technological advancement, promoting overall growth and development.

In January 2023, as the nation ramps up infrastructure expenditure, SteelAsia Manufacturing and China Baowu Steel Group will collaborate to establish a 108 billion Philippine peso (US$ 1.98 billion) factory in the Philippines. The greatest steel producer in the nation, SteelAsia and the biggest steel producer globally, Baowu, will choose a site for the project as early as February. Every year, 3 million Tons of molten steel will be produced there and utilized to make completed steel products. Therefore, China is leading the regional steel market with majority of the global market shares.

<h3>COVID-19 Impact Analysis</h3>

The pandemic has impacted steel industry with substantial drop in the demand for steel, especially from industries that use steel including manufacturing &amp; building and automobile industry. The demand for steel declined as a result of slower economic growth, postponed building projects and weaker consumer expenditure.

The COVID-19 pandemic and related lockdown measures, according to the World Steel Association, have had a major impact on global steel manufacturer&#39; output volumes. In April 2020, China reported producing 85.0 million Tons of crude steel. Nothing has changed from the manufacturing in April 2019. Furthermore, 5-7% of vehicles produced globally are produced in Asia. In April 2020, South Korea&#39;s automobile output fell by 22% year over year, while car exports fell by 44%. Car shipments from the nation to US fell by 28% in April compared to the same month the previous year.&nbsp;

<h3>Russia-Ukraine War Impact Analysis</h3>

Iron ore and steel prices increased sharply during the Russia-Ukraine conflict, as Russia and Ukraine are major exporters of these commodities. Domestic steel price increases have so far been insufficient to cover cost inflation; however, the consumption lag indicates greater margins in the fourth quarter.

Ukraine and Russia are major providers of the global steel supply chain, supplying finished steel, semis and raw materials including coking coal and iron ore. Russia and Ukraine produce over 100 million Tons of steel annually and export around 37 million Tons, accounting for 8-9% of world net trade. In 2021, Ukraine exported 40 million Tons of high-grade iron ore and pellets, whereas Russia exported approximately 29 million Tons of iron ore.

<h3>Key Developments</h3>

<ul>
	<li>In February 2024, The construction of US$ 1.5 billion steel mill at Manhize near Mvuma has been completed, with a probable commissioning date of June 10 this year.</li>
	<li>In December 2023, Imperial College London and Indian multinational Tata Steel have formed an agreement to setup a new GBP 10-million design investment manufacturing centre as part of efforts to develop innovative new technologies to help decarbonizes steel production.&nbsp;</li>
	<li>In January 2023, SteelAsia Manufacturing and China Baowu Steel Group will collaborate to establish a 108 billion Philippine peso (US$ 1.98 billion) factory in the Philippines.</li>
</ul>

<h3>Competitive Landscape</h3>

The major global players in the market include ArcelorMittal, Nippon Steel Corporation, Baosteel, TATA Steel, Steel Authority of India Limited (SAIL), Hyundai Steel Co., Ltd., JFE Steel Corporation, HBIS Group, ThyssenKrupp and POSCO.

<h3>Why Purchase the Report?</h3>

<ul>
	<li>To visualize the global steel market segmentation based on product, application, end-user and region, as well as understands key commercial assets and players.</li>
	<li>Identify commercial opportunities by analyzing trends and co-development.&nbsp;</li>
	<li>Excel data sheet with numerous data points of steel market-level with all segments.</li>
	<li>PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.</li>
	<li>Product mapping available as excel consisting of key products of all the major players.</li>
</ul>

The global steel market report would provide approximately 61 tables, 58 figures and 181 Pages.

<h3>Target Audience 2024</h3>

<ul>
	<li>Manufacturers/ Buyers</li>
	<li>Industry Investors/Investment Bankers</li>
	<li>Research Professionals</li>
	<li>Emerging Companies</li>
</ul>

<ol>
	<li>
	<h3 style="color:#1f3863; font-style:normal">Methodology and Scope</h3>

	<ol>
		<li>Research Methodology</li>
		<li>Research Objective and Scope of the Report</li>
	</ol>
	</li>
	<li>
	<h3 style="color:#1f3863; font-style:normal">Definition and Overview</h3>
	</li>
	<li>
	<h3 style="color:#1f3863; font-style:normal">Executive Summary</h3>

	<ol>
		<li>Snippet by Product</li>
		<li>Snippet by Application</li>
		<li>Snippet by End-User</li>
		<li>Snippet by Region</li>
	</ol>
	</li>
	<li>
	<h3 style="color:#1f3863; font-style:normal">Dynamics</h3>

	<ol>
		<li>Impacting Factors
		<ol>
			<li>Drivers
			<ol>
				<li>Investment Driving Production Capacity Expansion in the Steel Industry</li>
				<li>Technological Collaboration Driving Innovation in Eco-Friendly Steel Production</li>
			</ol>
			</li>
			<li>Restraints
			<ol>
				<li>Trade Disputes and Protectionism</li>
				<li>Fluctuation Raw Material Costs</li>
			</ol>
			</li>
			<li>Opportunity</li>
			<li>Impact Analysis</li>
		</ol>
		</li>
	</ol>
	</li>
	<li>
	<h3 style="color:#1f3863; font-style:normal">Industry Analysis&nbsp;</h3>

	<ol>
		<li>Porter&#39;s Five Force Analysis&nbsp;</li>
		<li>Supply Chain Analysis</li>
		<li>Pricing Analysis</li>
		<li>Regulatory Analysis</li>
		<li>Russia-Ukraine War Impact Analysis</li>
		<li>DMI Opinion</li>
	</ol>
	</li>
	<li>
	<h3 style="color:#1f3863; font-style:normal">COVID-19 Analysis</h3>

	<ol>
		<li>Analysis of COVID-19
		<ol>
			<li>Scenario Before COVID</li>
			<li>Scenario During COVID</li>
			<li>Scenario Post COVID</li>
		</ol>
		</li>
		<li>Pricing Dynamics Amid COVID-19</li>
		<li>Demand-Supply Spectrum</li>
		<li>Government Initiatives Related to the Market During Pandemic</li>
		<li>Manufacturers Strategic Initiatives</li>
		<li>Conclusion</li>
	</ol>
	</li>
	<li>
	<h3 style="color:#1f3863; font-style:normal">By Product</h3>

	<ol>
		<li>Introduction
		<ol>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Product</li>
			<li>Market Attractiveness Index, By Product</li>
		</ol>
		</li>
		<li>Crude Steel*
		<ol>
			<li>Introduction</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%)</li>
		</ol>
		</li>
		<li>Finished Steel
		<ol>
			<li>Flat</li>
			<li>Long</li>
			<li>Specialty
			<ol>
				<li>Stainless Sheet/Strip</li>
				<li>Stainless Plate</li>
				<li>Stainless Bar</li>
				<li>Stainless Rod</li>
				<li>Stainless Steel Wire</li>
			</ol>
			</li>
		</ol>
		</li>
		<li>Scrap Steel&nbsp;</li>
	</ol>
	</li>
	<li>
	<h3 style="color:#1f3863; font-style:normal">By Application</h3>

	<ol>
		<li>Introduction
		<ol>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Application</li>
			<li>Market Attractiveness Index, By Application</li>
		</ol>
		</li>
		<li>Pre-Engineered Metal Buildings*
		<ol>
			<li>Introduction</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%)</li>
		</ol>
		</li>
		<li>Panels</li>
		<li>Roofs and Walls</li>
		<li>Bridges</li>
		<li>Industrial Structures</li>
		<li>Others&nbsp;</li>
	</ol>
	</li>
	<li>
	<h3 style="color:#1f3863; font-style:normal">By End-User</h3>

	<ol>
		<li>Introduction
		<ol>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User</li>
			<li>Market Attractiveness Index, By End-User</li>
		</ol>
		</li>
		<li>Automotive*
		<ol>
			<li>Introduction</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%)</li>
		</ol>
		</li>
		<li>Construction</li>
		<li>Manufacturing</li>
		<li>Machinery and Equipment</li>
		<li>Consumer Goods&nbsp;</li>
		<li>Aviation &amp; Marine</li>
		<li>Others&nbsp;</li>
	</ol>
	</li>
	<li>
	<h3 style="color:#1f3863; font-style:normal">By Region</h3>

	<ol>
		<li>Introduction
		<ol>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Region</li>
			<li>Market Attractiveness Index, By Region</li>
		</ol>
		</li>
		<li>North America
		<ol>
			<li>Introduction</li>
			<li>Key Region-Specific Dynamics</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Product</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Application</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
			<ol>
				<li>U.S.</li>
				<li>Canada</li>
				<li>Mexico</li>
			</ol>
			</li>
		</ol>
		</li>
		<li>Europe
		<ol>
			<li>Introduction</li>
			<li>Key Region-Specific Dynamics</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Product</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Application</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
			<ol>
				<li>Germany</li>
				<li>UK</li>
				<li>France</li>
				<li>Italy</li>
				<li>Russia</li>
				<li>Rest of Europe</li>
			</ol>
			</li>
		</ol>
		</li>
		<li>South America
		<ol>
			<li>Introduction</li>
			<li>Key Region-Specific Dynamics</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Product</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Application</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
			<ol>
				<li>Brazil</li>
				<li>Argentina</li>
				<li>Rest of South America</li>
			</ol>
			</li>
		</ol>
		</li>
		<li>Asia-Pacific
		<ol>
			<li>Introduction</li>
			<li>Key Region-Specific Dynamics</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Product</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Application</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
			<ol>
				<li>China</li>
				<li>India</li>
				<li>Japan</li>
				<li>Australia</li>
				<li>Rest of Asia-Pacific</li>
			</ol>
			</li>
		</ol>
		</li>
		<li>Middle East and Africa
		<ol>
			<li>Introduction</li>
			<li>Key Region-Specific Dynamics</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Product</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By Application</li>
			<li>Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User</li>
		</ol>
		</li>
	</ol>
	</li>
	<li>
	<h3 style="color:#1f3863; font-style:normal">Competitive Landscape</h3>

	<ol>
		<li>Competitive Scenario</li>
		<li>Market Positioning/Share Analysis</li>
		<li>Mergers and Acquisitions Analysis</li>
	</ol>
	</li>
	<li>
	<h3 style="color:#1f3863; font-style:normal">Company Profiles</h3>

	<ol>
		<li>ArcelorMittal*
		<ol>
			<li>Company Overview</li>
			<li>Product Portfolio and Description</li>
			<li>Financial Overview</li>
			<li>Key Developments</li>
		</ol>
		</li>
		<li>Nippon Steel Corporation</li>
		<li>Baosteel</li>
		<li>TATA Steel</li>
		<li>Steel Authority of India Limited (SAIL)</li>
		<li>Hyundai Steel Co., Ltd.</li>
		<li>JFE Steel Corporation</li>
		<li>HBIS Group</li>
		<li>ThyssenKrupp</li>
		<li>POSCO&nbsp;&nbsp;(LIST NOT EXHAUSTIVE)&nbsp;</li>
	</ol>
	</li>
	<li>
	<h3 style="color:#1f3863; font-style:normal">Appendix</h3>

	<ol>
		<li>&nbsp;About Us and Services</li>
		<li>Contact Us</li>
	</ol>
	</li>
</ol>

List of Tables

Table 1 Global Steel Market Value, By Product, 2023, 2027 &amp; 2031 (US$ Billion)

Table 2 Global Steel Market Value, By Application, 2023, 2027 &amp; 2031 (US$ Billion)

Table 3 Global Steel Market Value, By End-User, 2023, 2027 &amp; 2031 (US$ Billion)

Table 4 Global Steel Market Value, By Region, 2023, 2027 &amp; 2031 (US$ Billion)

Table 5 Global Steel Market Value, By Product, 2023, 2027 &amp; 2031 (US$ Billion)

Table 6 Global Steel Market Value, By Product, 2022-2031 (US$ Billion)

Table 7 Global Steel Market Value, By Application, 2023, 2027 &amp; 2031 (US$ Billion)

Table 8 Global Steel Market Value, By Application, 2022-2031 (US$ Billion)

Table 9 Global Steel Market Value, By End-User, 2023, 2027 &amp; 2031 (US$ Billion)

Table 10 Global Steel Market Value, By End-User, 2022-2031 (US$ Billion)

Table 11 Global Steel Market Value, By Region, 2023, 2027 &amp; 2031 (US$ Billion)

Table 12 Global Steel Market Value, By Region, 2022-2031 (US$ Billion)

Table 13 North America Steel Market Value, By Product, 2022-2031 (US$ Billion)

Table 14 North America Steel Market Value, By Application, 2022-2031 (US$ Billion)

Table 15 North America Steel Market Value, By End-User, 2022-2031 (US$ Billion)

Table 16 North America Steel Market Value, By Country, 2022-2031 (US$ Billion)

Table 17 Asia-Pacific Steel Market Value, By Product, 2022-2031 (US$ Billion)

Table 18 Asia-Pacific Steel Market Value, By Application, 2022-2031 (US$ Billion)

Table 19 Asia-Pacific Steel Market Value, By End-User, 2022-2031 (US$ Billion)

Table 20 Asia-Pacific Steel Market Value, By Country, 2022-2031 (US$ Billion)

Table 21 Europe Steel Market Value, By Product, 2022-2031 (US$ Billion)

Table 22 Europe Steel Market Value, By Application, 2022-2031 (US$ Billion)

Table 23 Europe Steel Market Value, By End-User, 2022-2031 (US$ Billion)

Table 24 Europe Steel Market Value, By Country, 2022-2031 (US$ Billion)

Table 25 South America Steel Market Value, By Product, 2022-2031 (US$ Billion)

Table 26 South America Steel Market Value, By Application, 2022-2031 (US$ Billion)

Table 27 South America Steel Market Value, By End-User, 2022-2031 (US$ Billion)

Table 28 South America Steel Market Value, By Country, 2022-2031 (US$ Billion)

Table 29 Middle East and Africa Steel Market Value, By Product, 2022-2031 (US$ Billion)

Table 30 Middle East and Africa Steel Market Value, By Application, 2022-2031 (US$ Billion)

Table 31 Middle East and Africa Steel Market Value, By End-User, 2022-2031 (US$ Billion)

Table 32 ArcelorMittal: Overview

Table 33 ArcelorMittal: Product Portfolio

Table 34 ArcelorMittal: Key Developments

Table 35 Nippon Steel Corporation: Overview

Table 36 Nippon Steel Corporation: Product Portfolio

Table 37 Nippon Steel Corporation: Key Developments

Table 38 Baosteel: Overview

Table 39 Baosteel: Product Portfolio

Table 40 Baosteel: Key Developments

Table 41 TATA Steel: Overview

Table 42 TATA Steel: Product Portfolio

Table 43 TATA Steel: Key Developments

Table 44 Steel Authority of India Limited (SAIL): Overview

Table 45 Steel Authority of India Limited (SAIL): Product Portfolio

Table 46 Steel Authority of India Limited (SAIL): Key Developments

Table 47 Hyundai Steel Co., Ltd.: Overview

Table 48 Hyundai Steel Co., Ltd.: Product Portfolio

Table 49 Hyundai Steel Co., Ltd.: Key Developments

Table 50 JFE Steel Corporation: Overview

Table 51 JFE Steel Corporation: Product Portfolio

Table 52 JFE Steel Corporation: Key Developments

Table 53 HBIS Group: Overview

Table 54 HBIS Group: Product Portfolio

Table 55 HBIS Group: Key Developments

Table 56 ThyssenKrupp: Overview

Table 57 ThyssenKrupp: Product Portfolio

Table 58 ThyssenKrupp: Key Developments

Table 59 POSCO: Overview

Table 60 POSCO: Product Portfolio

Table 61 POSCO: Key Developments&nbsp;

List of Figures

Figure 1 Global Steel Market Value, 2022-2031 (US$ Billion)

Figure 2 Global Steel Market Share, By Product, 2023 &amp; 2031 (%)

Figure 3 Global Steel Market Share, By Application, 2023 &amp; 2031 (%)

Figure 4 Global Steel Market Share, By End-User, 2023 &amp; 2031 (%)

Figure 5 Global Steel Market Share, By Region, 2023 &amp; 2031 (%)

Figure 6 Global Steel Market Y-o-Y Growth, By Product, 2023-2031 (%)

Figure 7 Crude Steel Market Value, 2022-2031 (US$ Billion)

Figure 8 Finished Steel Market Value, 2022-2031 (US$ Billion)

Figure 9 Scrap Steel Market Value, 2022-2031 (US$ Billion)

Figure 10 Global Steel Market Y-o-Y Growth, By Application, 2023-2031 (%)

Figure 11 Pre-Engineered Metal Buildings Application in Global Steel Market Value, 2022-2031 (US$ Billion)

Figure 12 Panels Application in Global Steel Market Value, 2022-2031 (US$ Billion)

Figure 13 Roofs and Walls Application in Global Steel Market Value, 2022-2031 (US$ Billion)

Figure 14 Bridges Application in Global Steel Market Value, 2022-2031 (US$ Billion)

Figure 15 Others Application in Global Steel Market Value, 2022-2031 (US$ Billion)

Figure 16 Global Steel Market Y-o-Y Growth, By End-User, 2023-2031 (%)

Figure 17 Automotive End-User in Global Steel Market Value, 2022-2031 (US$ Billion)

Figure 18 Construction End-User in Global Steel Market Value, 2022-2031 (US$ Billion)

Figure 19 Manufacturing End-User in Global Steel Market Value, 2022-2031 (US$ Billion)

Figure 20 Machinery and Equipment End-User in Global Steel Market Value, 2022-2031 (US$ Billion)

Figure 21 Consumer Goods End-User in Global Steel Market Value, 2022-2031 (US$ Billion)

Figure 22 Aviation &amp; Marine End-User in Global Steel Market Value, 2022-2031 (US$ Billion)

Figure 23 Others End-User in Global Steel Market Value, 2022-2031 (US$ Billion)

Figure 24 Global Steel Market Y-o-Y Growth, By Region, 2023-2031 (%)

Figure 25 North America Steel Market Value, 2022-2031 (US$ Billion)

Figure 26 North America Steel Market Share, By Product, 2023 &amp; 2031 (%)

Figure 27 North America Steel Market Share, By Application, 2023 &amp; 2031 (%)

Figure 28 North America Steel Market Share, By End-User, 2023 &amp; 2031 (%)

Figure 29 North America Steel Market Share, By Country, 2023 &amp; 2031 (%)

Figure 30 Asia-Pacific Steel Market Value, 2022-2031 (US$ Billion)

Figure 31 Asia-Pacific Steel Market Share, By Product, 2023 &amp; 2031 (%)

Figure 32 Asia-Pacific Steel Market Share, By Application, 2023 &amp; 2031 (%)

Figure 33 Asia-Pacific Steel Market Share, By End-User, 2023 &amp; 2031 (%)

Figure 34 Asia-Pacific Steel Market Share, By Country, 2023 &amp; 2031 (%)

Figure 35 Europe Steel Market Value, 2022-2031 (US$ Billion)

Figure 36 Europe Steel Market Share, By Product, 2023 &amp; 2031 (%)

Figure 37 Europe Steel Market Share, By Application, 2023 &amp; 2031 (%)

Figure 38 Europe Steel Market Share, By End-User, 2023 &amp; 2031 (%)

Figure 39 Europe Steel Market Share, By Country, 2023 &amp; 2031 (%)

Figure 40 South America Steel Market Value, 2022-2031 (US$ Billion)

Figure 41 South America Steel Market Share, By Product, 2023 &amp; 2031 (%)

Figure 42 South America Steel Market Share, By Application, 2023 &amp; 2031 (%)

Figure 43 South America Steel Market Share, By End-User, 2023 &amp; 2031 (%)

Figure 44 South America Steel Market Share, By Country, 2023 &amp; 2031 (%)

Figure 45 Middle East and Africa Steel Market Value, 2022-2031 (US$ Billion)

Figure 46 Middle East and Africa Steel Market Share, By Product, 2023 &amp; 2031 (%)

Figure 47 Middle East and Africa Steel Market Share, By Application, 2023 &amp; 2031 (%)

Figure 48 Middle East and Africa Steel Market Share, By End-User, 2023 &amp; 2031 (%)

Figure 49 ArcelorMittal: Financials

Figure 50 Nippon Steel Corporation: Financials

Figure 51 Baosteel: Financials

Figure 52 TATA Steel: Financials

Figure 53 Steel Authority of India Limited (SAIL): Financials

Figure 54 Hyundai Steel Co., Ltd.: Financials

Figure 55 JFE Steel Corporation: Financials

Figure 56 HBIS Group: Financials

Figure 57 ThyssenKrupp: Financials

Figure 58 POSCO: Financials

Steel Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Steel Wire Rod and Wire Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: 2024 April 23

Starting from

Steel Fiber Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: 2024 March 18

Starting from

Green Steel Market Size, Share, Industry, Forecast and Demand (2024-2031)

Published: 2024 April 19

Starting from

Coated Steel Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 May 25

Starting from