The global carbon steel market size is calculated at USD 1,060.96 billion in 2025 and is forecasted to reach around USD 1,514 billion by 2034, accelerating at a CAGR of 4.03% from 2025 to 2034. The Asia Pacific market size surpassed USD 680.04 billion in 2024 and is expanding at a CAGR of 4.04% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: Carbon Steel Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. Carbon Steel Market, by Type
8.1.1. Low Carbon Steel
8.1.1.1. Market Revenue and Forecast
8.1.2. Medium Carbon Steel
8.1.2.1. Market Revenue and Forecast
8.1.3. High Carbon Steel
8.1.3.1. Market Revenue and Forecast
9.1. Carbon Steel Market, by Application
9.1.1. Shipbuilding
9.1.1.1. Market Revenue and Forecast
9.1.2. Automotive
9.1.2.1. Market Revenue and Forecast
9.1.3. Construction
9.1.3.1. Market Revenue and Forecast
9.1.4. Others
9.1.4.1. Market Revenue and Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Type
10.1.2. Market Revenue and Forecast, by Application
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Type
10.1.3.2. Market Revenue and Forecast, by Application
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Type
10.1.4.2. Market Revenue and Forecast, by Application
10.2. Europe
10.2.1. Market Revenue and Forecast, by Type
10.2.2. Market Revenue and Forecast, by Application
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Type
10.2.3.2. Market Revenue and Forecast, by Application
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Type
10.2.4.2. Market Revenue and Forecast, by Application
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Type
10.2.5.2. Market Revenue and Forecast, by Application
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Type
10.2.6.2. Market Revenue and Forecast, by Application
10.3. APAC
10.3.1. Market Revenue and Forecast, by Type
10.3.2. Market Revenue and Forecast, by Application
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Type
10.3.3.2. Market Revenue and Forecast, by Application
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Type
10.3.4.2. Market Revenue and Forecast, by Application
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Type
10.3.5.2. Market Revenue and Forecast, by Application
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Type
10.3.6.2. Market Revenue and Forecast, by Application
10.4. MEA
10.4.1. Market Revenue and Forecast, by Type
10.4.2. Market Revenue and Forecast, by Application
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Type
10.4.3.2. Market Revenue and Forecast, by Application
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Type
10.4.4.2. Market Revenue and Forecast, by Application
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Type
10.4.5.2. Market Revenue and Forecast, by Application
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Type
10.4.6.2. Market Revenue and Forecast, by Application
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Type
10.5.2. Market Revenue and Forecast, by Application
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Type
10.5.3.2. Market Revenue and Forecast, by Application
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Type
10.5.4.2. Market Revenue and Forecast, by Application
11.1. JFE Steel Corporation
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. HBIS Group
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. AK Steel Corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Evraz PLC
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Baosteel Group
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. ArcelorMittal
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Nippon Steel Corporation
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. United States Steel
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Curtis Steel Co. Ltd
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Omega Steel Company
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
13.1. About Us
13.2. Glossary of Terms
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