[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Steel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 141 pages | ID: S7F18DEF08ADEN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Market Overview:

The global steel market size reached US$ 907 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,077 Billion by 2028, exhibiting a growth rate (CAGR) of 2.8% during 2023-2028.

Steel is a hard, strong grey or bluish-grey alloy produced by combining vital ingredients with iron and various elements. It is commonly available in flat and long steel variants. It is manufactured by melting raw materials, such as coal, iron ore and lime in a blast furnace and removing impurities. Steel is commonly used for the manufacturing of utensils, electrical cable trays, machines crews and hinges. It enhances toughness, design flexibility, tensile strength, anti-corrosion properties and malleability and improves overall shelf life. In comparison to iron, steel can efficiently be designed and molded in various forms to offer enhanced shape with a wide range of dimensions and extreme purity. As a result, steel finds extensive application across various industries, such as automotive, manufacturing and construction.

Steel Market Trends:
Significant growth in the automotive industry across the globe is creating a positive outlook for the market. Steel is widely used in the production of automobile structures, such as doors, engines, trunk closures, braking systems, fuel tanks, gears steering and braking systems. In line with this, the increasing demand for flat steel by automobile manufacturers to enhance fuel efficiency and reduce the overall weight of the vehicles is favoring the market growth. Moreover, various technological advancements, such as the integration of artificial intelligence (AI) and the development of rolling and casting techniques that assist in improving steel production methods to create designs that are resistant to pressure, temperature and corrosion, are providing an impetus to the market growth. Additionally, the widespread product adoption in the construction industry due to its properties, including ductility and durability, thus making the buildings earthquake-resistant, is positively impacting the market growth. Other factors, including the increasing product demand for manufacturing military aircraft and extensive infrastructural developments across the globe, are anticipated to drive the market toward growth

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global steel market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, product and application.

Breakup by Type:

Flat Steel
Long Steel

Breakup by Product:

Structural Steel
Prestressing Steel
Bright Steel
Welding Wire and Rod
Iron Steel Wire
Ropes
Braids

Breakup by Application:

Building and Construction
Electrical Appliances
Metal Products
Automotive
Transportation
Mechanical Equipment
Domestic Appliances

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ArcelorMittal S.A., EVRAZ plc, Gerdau S.A., Hyundai Steel Co. Ltd, JFE Steel Corporation (JFE Holdings Inc.), Jiangsu Shagang Group Co. Ltd, Nippon Steel Corporation, Nucor Corporation, Shougang Group Co. Ltd., Tata Steel Ltd. (Tata Group), thyssenkrupp AG and United States Steel Corporation.

Key Questions Answered in This Report

1. What was the size of the global steel market in 2022?
2. What is the expected growth rate of the global steel market during 2023-2028?
3. What are the key factors driving the global steel market?
4. What has been the impact of COVID-19 on the global steel market?
5. What is the breakup of the global steel market based on the type?
6. What is the breakup of the global steel market based on the product?
7. What is the breakup of the global steel market based on application?
8. What are the key regions in the global steel market?
9. Who are the key players/companies in the global steel market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL STEEL MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY TYPE

6.1Flat Steel
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Long Steel
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY PRODUCT

7.1Structural Steel
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Prestressing Steel
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Bright Steel
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4Welding Wire and Rod
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5Iron Steel Wire
  7.5.1 Market Trends
  7.5.2 Market Forecast
7.6Ropes
  7.6.1 Market Trends
  7.6.2 Market Forecast
7.7Braids
  7.7.1 Market Trends
  7.7.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1Building and Construction
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Electrical Appliances
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3Metal Products
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4Automotive
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5Transportation
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6Mechanical Equipment
  8.6.1 Market Trends
  8.6.2 Market Forecast
8.7Domestic Appliances
  8.7.1 Market Trends
  8.7.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
  14.3.1ArcelorMittal S.A.
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2EVRAZ plc
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
    14.3.2.4 SWOT Analysis
  14.3.3Gerdau S.A.
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
  14.3.4Hyundai Steel Co. Ltd
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
  14.3.5JFE Steel Corporation (JFE Holdings Inc.)
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6Jiangsu Shagang Group Co. Ltd
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
  14.3.7Nippon Steel Corporation
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
    14.3.7.3 Financials
    14.3.7.4 SWOT Analysis
  14.3.8Nucor Corporation
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
    14.3.8.4 SWOT Analysis
  14.3.9Shougang Group Co. Ltd.
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10Tata Steel Ltd. (Tata Group)
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis
  14.3.11thyssenkrupp AG
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 Financials
    14.3.11.4 SWOT Analysis
  14.3.12United States Steel Corporation
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
    14.3.12.3 Financials
    14.3.12.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Steel Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Steel Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Steel Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 4: Global: Steel Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Steel Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Steel Market: Competitive Structure
Table 7: Global: Steel Market: Key Players

LIST OF FIGURES

Figure 1: Global: Steel Market: Major Drivers and Challenges
Figure 2: Global: Steel Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Steel Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Steel Market: Breakup by Type (in %), 2022
Figure 5: Global: Steel Market: Breakup by Product (in %), 2022
Figure 6: Global: Steel Market: Breakup by Application (in %), 2022
Figure 7: Global: Steel Market: Breakup by Region (in %), 2022
Figure 8: Global: Steel (Flat Steel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Steel (Flat Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Steel (Long Steel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Steel (Long Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Steel (Structural Steel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Steel (Structural Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Steel (Prestressing Steel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Steel (Prestressing Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Steel (Bright Steel) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Steel (Bright Steel) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Steel (Welding Wire and Rod) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Steel (Welding Wire and Rod) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Steel (Iron Steel Wire) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Steel (Iron Steel Wire) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Steel (Ropes) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Steel (Ropes) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Steel (Braids) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Steel (Braids) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Steel (Building and Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Steel (Building and Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Steel (Electrical Appliances) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Steel (Electrical Appliances) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Steel (Metal Products) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Steel (Metal Products) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Steel (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Steel (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Steel (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Steel (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Steel (Mechanical Equipment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Steel (Mechanical Equipment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Steel (Domestic Appliances) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Steel (Domestic Appliances) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: North America: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: North America: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: United States: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: United States: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Canada: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Canada: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Asia-Pacific: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Asia-Pacific: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: China: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: China: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Japan: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Japan: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: India: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: India: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: South Korea: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: South Korea: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Australia: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Australia: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Indonesia: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Indonesia: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Europe: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Europe: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Germany: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Germany: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: France: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: France: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: United Kingdom: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: United Kingdom: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Italy: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Italy: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Spain: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Spain: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Russia: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Russia: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Latin America: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Latin America: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Brazil: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Brazil: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Mexico: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Mexico: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Middle East and Africa: Steel Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Middle East and Africa: Steel Market: Breakup by Country (in %), 2022
Figure 88: Middle East and Africa: Steel Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Global: Steel Industry: SWOT Analysis
Figure 90: Global: Steel Industry: Value Chain Analysis
Figure 91: Global: Steel Industry: Porter's Five Forces Analysis


More Publications