Steel Market Size, Share, and Trends 2024 to 2034

The global steel market size was USD 1.47 trillion in 2023, calculated at USD 1.55 trillion in 2024 and is expected to be worth around USD 2.60 trillion by 2034. The market is slated to expand at 5.32% CAGR from 2024 to 2034.

  • Last Updated : September 2024
  • Report Code : 4920
  • Category : Chemical and Material

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

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

Chapter 5. COVID 19 Impact on Steel Market 

5.1. COVID-19 Landscape: 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

Chapter 7. Competitive Landscape

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

Chapter 8. Global Steel Market, By January

8.1. Steel Market, by January, 2024-2034

8.1.1. Flat

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Long

8.1.2.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Steel Market, By End-use

9.1. Steel Market, by End-use, 2024-2034

9.1.1. Building & Construction

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2. Automotive & Aerospace

9.1.2.1. Market Revenue and Forecast (2021-2034)

9.1.3. Railways & Highways

9.1.3.1. Market Revenue and Forecast (2021-2034)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Steel Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by January (2021-2034)

10.1.2. Market Revenue and Forecast, by End-use (2021-2034)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by January (2021-2034)

10.1.3.2. Market Revenue and Forecast, by End-use (2021-2034)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by January (2021-2034)

10.1.4.2. Market Revenue and Forecast, by End-use (2021-2034)

10.2. Europe

10.2.1. Market Revenue and Forecast, by January (2021-2034)

10.2.2. Market Revenue and Forecast, by End-use (2021-2034)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by January (2021-2034)

10.2.3.2. Market Revenue and Forecast, by End-use (2021-2034)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by January (2021-2034)

10.2.4.2. Market Revenue and Forecast, by End-use (2021-2034)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by January (2021-2034)

10.2.5.2. Market Revenue and Forecast, by End-use (2021-2034)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by January (2021-2034)

10.2.6.2. Market Revenue and Forecast, by End-use (2021-2034)

10.3. APAC

10.3.1. Market Revenue and Forecast, by January (2021-2034)

10.3.2. Market Revenue and Forecast, by End-use (2021-2034)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by January (2021-2034)

10.3.3.2. Market Revenue and Forecast, by End-use (2021-2034)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by January (2021-2034)

10.3.4.2. Market Revenue and Forecast, by End-use (2021-2034)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by January (2021-2034)

10.3.5.2. Market Revenue and Forecast, by End-use (2021-2034)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by January (2021-2034)

10.3.6.2. Market Revenue and Forecast, by End-use (2021-2034)

10.4. MEA

10.4.1. Market Revenue and Forecast, by January (2021-2034)

10.4.2. Market Revenue and Forecast, by End-use (2021-2034)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by January (2021-2034)

10.4.3.2. Market Revenue and Forecast, by End-use (2021-2034)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by January (2021-2034)

10.4.4.2. Market Revenue and Forecast, by End-use (2021-2034)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by January (2021-2034)

10.4.5.2. Market Revenue and Forecast, by End-use (2021-2034)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by January (2021-2034)

10.4.6.2. Market Revenue and Forecast, by End-use (2021-2034)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by January (2021-2034)

10.5.2. Market Revenue and Forecast, by End-use (2021-2034)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by January (2021-2034)

10.5.3.2. Market Revenue and Forecast, by End-use (2021-2034)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by January (2021-2034)

10.5.4.2. Market Revenue and Forecast, by End-use (2021-2034)

Chapter 11. Company Profiles

11.1. Nippon Steel Corporation

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. NUCOR

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Outokumpu

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. POSCO

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. ArcelorMittal

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Baosteel Group

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Emirates Steel

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. JFE Steel Corporation

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Tata Steel

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Thyssenkrupp

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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