The Australia steel market reached USD 13.24 Billion in 2025. The market is projected to grow at a CAGR of 2.90% between 2026 and 2035, reaching almost USD 17.62 Billion by 2035.
Base Year
Historical Period
Forecast Period
Australia produces 5.5 million tons of steel annually.
Australia has the potential to capture 6.5% of the global market for steel and generate A$65 billion from annual exports.
Blast furnace is the predominant method of steel manufacturing in Australia.
Compound Annual Growth Rate
2.9%
Value in USD Billion
2026-2035
*this image is indicative*
| Australia Steel Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 13.24 |
| Market Size 2035 | USD Billion | 17.62 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 2.90% |
| CAGR 2026-2035 - Market by Region | Victoria | 3.4% |
| CAGR 2026-2035 - Market by Region | Australian Capital Territory | 2.9% |
| CAGR 2026-2035 - Market by Product | Flat Steel | 3.4% |
| CAGR 2026-2035 - Market by End Use | Construction | 3.7% |
| Market Share by Region | New South Wales | 34.6% |
The building and construction industry of Australia offers an output worth USD$162 million annually, constituting nearly 10% of its GDP. With the anticipated growth of the construction sector and green building practices, the demand for steel is expected to rise significantly as it is a tensile and versatile metal that supports cost-savings while enhancing building lifespan.
In April 2024, the Australian Steel Institute requested a ban on the exports of unprocessed steel scrap to foreign countries in order to meet the burgeoning domestic demand and decarbonise excessive steel production. As per the International Energy Association, industrial processes account for over 11% of the total carbon emissions in Australia. The implementation of such favourable initiatives is expected to further drive the market growth in the coming years.
Over the forecast period, Australia is expected to begin manufacturing steel using direct reduced iron technology, in which carbon monoxide and hydrogen are used to remove oxygen from iron ores and convert it into a pure metal. Currently, this process accounts for less than 5% of the production of green steel, but technological advancements are expected to enable the replacement of hydrogen with green hydrogen in the future, thereby decarbonising the process further. At present, for every single ton of steel produced, nearly 2 tons of carbon dioxide is released into the atmosphere.
"Australia Steel Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by Type
Market Breakup by End Use
Market Breakup by Region
| CAGR 2026-2035 - Market by | Product |
| Flat Steel | 3.4% |
| Long Steel | XX% |
| CAGR 2026-2035 - Market by | End Use |
| Construction | 3.7% |
| Automotive | 3.2% |
| Mechanical Engineering | XX% |
| Domestic Appliances | XX% |
| Metalware | XX% |
| Others | XX% |
| CAGR 2026-2035 - Market by | Region |
| Victoria | 3.4% |
| Australian Capital Territory | 2.9% |
| New South Wales | XX% |
| Queensland | XX% |
| Western Australia | XX% |
| Others | XX% |
Based on end use, the market is divided into construction, mechanical engineering, automotive, domestic appliances, metalware, and agricultural, among others. Over the forecast period, the automotive sector is projected to grow at a CAGR of 3.2% between 2026 and 2035, as increasing vehicle sales necessitate the demand for strong and durable components like wheel rims, exhaust pipes, chassis, and radiators, among others.
| Market Share by | Region |
| New South Wales | 34.6% |
| Victoria | XX% |
| Queensland | XX% |
| Australian Capital Territory | XX% |
| Western Australia | XX% |
Major market players are expected to develop their capabilities for steel recycling to meet the growing demand for strong and lightweight materials across different industries.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at nearly USD 13.24 Billion in 2025.
The market is projected to grow at a CAGR of 2.90% between 2026 and 2035.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 17.62 Billion in 2035.
The different products in the market include flat steel and long steel.
The different types of steel in the market include carbon steel, alloy steel, stainless steel, and tool steel.
The major end uses of steel in the market include construction, mechanical engineering, automotive, domestic appliances, metalware, and agricultural, among others.
The different regions covered in the EMR report include New South Wales, Victoria, Queensland, Australian Capital Territory, and Western Australia, among others.
The key market players are Vulcan Steel (Australia) Pty Limited, Master Steel, InfraBuild Trading Pty Limited, BlueScope Steel Limited, and Steel Fabrication Services., among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Type |
|
| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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