Structural Steel Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Angles, Channels, Rounds), By Application (Non-Residential, Residential), By Region, By Competition, 2020-2030F

May 2025 | 188 pages | ID: S59C0923FF31EN
TechSci Research

Abstracts

Market Overview

The Global Structural Steel Market was valued at USD 126.2 billion in 2024 and is projected t%li%reach USD 177.6 billion by 2030, growing at a CAGR of 5.7% during the forecast period. The market’s growth is primarily fueled by rapid urbanization, industrial expansion, and widespread infrastructure development worldwide. As cities grow and populations increase, there is rising demand for durable construction materials t%li%support the development of commercial, residential, and industrial structures such as high-rise buildings, transportation networks, and manufacturing plants.

Government investments in roads, bridges, ports, and railways, particularly across emerging economies, are significantly boosting demand for structural steel. The market als%li%benefits from advancements in steel production technology, including high-strength alloy formulations and efficient manufacturing techniques that enhance quality and performance. Environmental sustainability is another key factor, as structural steel is recyclable and aligns with green construction standards. Increasingly stringent building codes and a shift toward energy-efficient and long-lasting materials further reinforce steel’s role in modern construction. Additionally, as concrete and other substitutes become more expensive, structural steel continues t%li%offer a cost-effective and versatile solution across various sectors and regions.

Key Market Drivers

Urbanization and Infrastructure Development

Urbanization plays a crucial role in propelling the global structural steel market forward. As global urban populations continue t%li%grow, s%li%does the need for high-density living and robust urban infrastructure. This has resulted in heightened demand for structural steel in projects such as skyscrapers, commercial complexes, transportation corridors, and industrial facilities. The urban population, which stood at approximately 4.5 billion in 2024, is projected t%li%reach nearly 6.7 billion by 2050—driving sustained investment in both public and private construction activities.

Developed regions are focusing on smart city initiatives and infrastructure modernization, while emerging markets are investing heavily in new urban development. For example, projects like Hybar LLC’s rebar mill in Arkansas, USA, which will use scrap steel as its main input, reflect how infrastructure growth supports steel demand. Structural steel's strength, design flexibility, and durability make it indispensable for large-scale construction efforts across geographies.

Key Market Challenges

Volatility in Raw Material Prices

Fluctuating prices of core raw materials—especially iron ore, coal, and scrap steel—pose a major challenge t%li%the structural steel market. The unpredictability of raw material costs significantly impacts steel production expenses, often leading t%li%increased market prices and squeezed profit margins for manufacturers. These fluctuations stem from a variety of factors, including supply chain disruptions, geopolitical tensions, natural disasters, and trade restrictions.

For example, supply interruptions in key producing countries such as Brazil and Australia can rapidly affect global iron ore availability and pricing. Trade policies like tariffs further compound volatility, affecting international supply and demand dynamics. Additionally, as the industry moves toward electric arc furnaces using scrap steel, demand for this recycled input has surged, creating competitive pressures and supply constraints—particularly in developing nations. These pricing swings can delay projects and dampen structural steel demand, especially in cost-sensitive sectors.

Key Market Trends

Shift Toward Sustainable Construction Practices and Green Steel

Sustainability is emerging as a defining trend in the structural steel market, with increasing emphasis on reducing carbon emissions and adopting environmentally responsible materials. Green steel—produced using lower-emission methods such as hydrogen-based direct reduction (H-DRI)—is gaining traction in response t%li%growing climate concerns and regulatory pressure. Unlike traditional blast furnaces, H-DRI processes emit water vapor instead of CO?, making them a key innovation in low-carbon steelmaking.

Construction firms are aligning with green building initiatives and sustainability certifications that prioritize recyclable, energy-efficient materials. Green steel not only meets these requirements but als%li%helps companies meet their corporate ESG goals. This shift is creating opportunities for steelmakers investing in cleaner technologies and enabling them t%li%differentiate their offerings in an increasingly eco-conscious market landscape.

Key Market Players

• Arcelor Mittal S.A.
• Baogang Group
• Evraz plc
• Gerdau S.A
• Nippon Steel Corporation
• JSW Steel Limited
• Tata Steel Limited
• SAIL

Report Scope:

In this report, the Global Structural Steel Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:

• Structural Steel Market, By Product:
• Angles
• Channels
• Rounds
• Structural Steel Market, By Application:
• Non-Residential
• Residential
• Structural Steel Market, By Region:
• North America
• United States
• Canada
• Mexico
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• South America
• Brazil
• Colombia
• Argentina
• Middle East & Africa
• Saudi Arabia
• UAE
• South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Structural Steel Market.

Available Customizations:

Global Structural Steel Market report with the given market data, TechSci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up t%li%five).

Contents

1. PRODUCT OVERVIEW

1.1. Market Definition
1.2. Scope of the Market
  1.2.1. Markets Covered
  1.2.2. Years Considered for Study
  1.2.3. Key Market Segmentations

2. RESEARCH METHODOLOGY

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. EXECUTIVE SUMMARY

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. VOICE OF CUSTOMER

5. GLOBAL STRUCTURAL STEEL MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
5.2. Market Share & Forecast
  5.2.1. By Product (Angles, Channels, Rounds)
  5.2.2. By Application (Non-Residential, Residential)
  5.2.3. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)
5.3. By Company (2024)
5.4. Market Map

6. NORTH AMERICA STRUCTURAL STEEL MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
6.2. Market Share & Forecast
  6.2.1. By Product
  6.2.2. By Application
  6.2.3. By Country
6.3. North America: Country Analysis
  6.3.1. United States Structural Steel Market Outlook
    6.3.1.1. Market Size & Forecast
      6.3.1.1.1. By Value
    6.3.1.2. Market Share & Forecast
      6.3.1.2.1. By Product
      6.3.1.2.2. By Application
  6.3.2. Canada Structural Steel Market Outlook
    6.3.2.1. Market Size & Forecast
      6.3.2.1.1. By Value
    6.3.2.2. Market Share & Forecast
      6.3.2.2.1. By Product
      6.3.2.2.2. By Application
  6.3.3. Mexico Structural Steel Market Outlook
    6.3.3.1. Market Size & Forecast
      6.3.3.1.1. By Value
    6.3.3.2. Market Share & Forecast
      6.3.3.2.1. By Product
      6.3.3.2.2. By Application

7. EUROPE STRUCTURAL STEEL MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
7.2. Market Share & Forecast
  7.2.1. By Product
  7.2.2. By Application
  7.2.3. By Country
7.3. Europe: Country Analysis
  7.3.1. Germany Structural Steel Market Outlook
    7.3.1.1. Market Size & Forecast
      7.3.1.1.1. By Value
    7.3.1.2. Market Share & Forecast
      7.3.1.2.1. By Product
      7.3.1.2.2. By Application
  7.3.2. France Structural Steel Market Outlook
    7.3.2.1. Market Size & Forecast
      7.3.2.1.1. By Value
    7.3.2.2. Market Share & Forecast
      7.3.2.2.1. By Product
      7.3.2.2.2. By Application
  7.3.3. United Kingdom Structural Steel Market Outlook
    7.3.3.1. Market Size & Forecast
      7.3.3.1.1. By Value
    7.3.3.2. Market Share & Forecast
      7.3.3.2.1. By Product
      7.3.3.2.2. By Application
  7.3.4. Italy Structural Steel Market Outlook
    7.3.4.1. Market Size & Forecast
      7.3.4.1.1. By Value
    7.3.4.2. Market Share & Forecast
      7.3.4.2.1. By Product
      7.3.4.2.2. By Application
  7.3.5. Spain Structural Steel Market Outlook
    7.3.5.1. Market Size & Forecast
      7.3.5.1.1. By Value
    7.3.5.2. Market Share & Forecast
      7.3.5.2.1. By Product
      7.3.5.2.2. By Application

8. ASIA PACIFIC STRUCTURAL STEEL MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
8.2. Market Share & Forecast
  8.2.1. By Product
  8.2.2. By Application
  8.2.3. By Country
8.3. Asia Pacific: Country Analysis
  8.3.1. China Structural Steel Market Outlook
    8.3.1.1. Market Size & Forecast
      8.3.1.1.1. By Value
    8.3.1.2. Market Share & Forecast
      8.3.1.2.1. By Product
      8.3.1.2.2. By Application
  8.3.2. India Structural Steel Market Outlook
    8.3.2.1. Market Size & Forecast
      8.3.2.1.1. By Value
    8.3.2.2. Market Share & Forecast
      8.3.2.2.1. By Product
      8.3.2.2.2. By Application
  8.3.3. Japan Structural Steel Market Outlook
    8.3.3.1. Market Size & Forecast
      8.3.3.1.1. By Value
    8.3.3.2. Market Share & Forecast
      8.3.3.2.1. By Product
      8.3.3.2.2. By Application
  8.3.4. South Korea Structural Steel Market Outlook
    8.3.4.1. Market Size & Forecast
      8.3.4.1.1. By Value
    8.3.4.2. Market Share & Forecast
      8.3.4.2.1. By Product
      8.3.4.2.2. By Application
  8.3.5. Australia Structural Steel Market Outlook
    8.3.5.1. Market Size & Forecast
      8.3.5.1.1. By Value
    8.3.5.2. Market Share & Forecast
      8.3.5.2.1. By Product
      8.3.5.2.2. By Application

9. MIDDLE EAST & AFRICA STRUCTURAL STEEL MARKET OUTLOOK

9.1. Market Size & Forecast
  9.1.1. By Value
9.2. Market Share & Forecast
  9.2.1. By Product
  9.2.2. By Application
  9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
  9.3.1. Saudi Arabia Structural Steel Market Outlook
    9.3.1.1. Market Size & Forecast
      9.3.1.1.1. By Value
    9.3.1.2. Market Share & Forecast
      9.3.1.2.1. By Product
      9.3.1.2.2. By Application
  9.3.2. UAE Structural Steel Market Outlook
    9.3.2.1. Market Size & Forecast
      9.3.2.1.1. By Value
    9.3.2.2. Market Share & Forecast
      9.3.2.2.1. By Product
      9.3.2.2.2. By Application
  9.3.3. South Africa Structural Steel Market Outlook
    9.3.3.1. Market Size & Forecast
      9.3.3.1.1. By Value
    9.3.3.2. Market Share & Forecast
      9.3.3.2.1. By Product
      9.3.3.2.2. By Application

10. SOUTH AMERICA STRUCTURAL STEEL MARKET OUTLOOK

10.1. Market Size & Forecast
  10.1.1. By Value
10.2. Market Share & Forecast
  10.2.1. By Product
  10.2.2. By Application
  10.2.3. By Country
10.3. South America: Country Analysis
  10.3.1. Brazil Structural Steel Market Outlook
    10.3.1.1. Market Size & Forecast
      10.3.1.1.1. By Value
    10.3.1.2. Market Share & Forecast
      10.3.1.2.1. By Product
      10.3.1.2.2. By Application
  10.3.2. Colombia Structural Steel Market Outlook
    10.3.2.1. Market Size & Forecast
      10.3.2.1.1. By Value
    10.3.2.2. Market Share & Forecast
      10.3.2.2.1. By Product
      10.3.2.2.2. By Application
  10.3.3. Argentina Structural Steel Market Outlook
    10.3.3.1. Market Size & Forecast
      10.3.3.1.1. By Value
    10.3.3.2. Market Share & Forecast
      10.3.3.2.1. By Product
      10.3.3.2.2. By Application

11. MARKET DYNAMICS

11.1. Drivers
11.2. Challenges

12. MARKET TRENDS AND DEVELOPMENTS

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. COMPANY PROFILES

13.1. Arcelor Mittal S.A.
  13.1.1. Business Overview
  13.1.2. Key Revenue and Financials
  13.1.3. Recent Developments
  13.1.4. Key Personnel
  13.1.5. Key Product/Services Offered
13.2. Baogang Group
13.3. Evraz plc
13.4. Gerdau S.A
13.5. Nippon Steel Corporation
13.6. JSW Steel Limited
13.7. Tata Steel Limited
13.8. SAIL

14. STRATEGIC RECOMMENDATIONS

15. ABOUT US & DISCLAIMER