As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Steel Market: By Product: Hot Rolled Steel, Cold Rolled Steel, Direct Rolled Steel, Steel Tubes, Others; By Application: Pre-Engineered Metal Buildings, Bridges, Industrial Structures, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Steel Market Outlook

The global steel market attained a value of about USD 841 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 3.1% to reach nearly USD 1010 billion by 2026.

 

Extensive Adoption of the  Product by Downstream Industries to Aid the Growth of the Steel Industry

Due to favourable properties of the product, such as malleability, ductility, durability, hardness, and versatility, the demand within the steel industry has witnessed a sustained growth, making it one of the leading industries globally. The market growth has been further catalysed by the extensive adoption of steel within the production processes of a wide variety of industries, including the transportation, manufacturing, construction, and aviation industries, among others.

 

Global Steel Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

 

As populations grow and the standards of living improve, the demand for steel is also expected to be augmented. Looking forward, the steel industry is expected to gain momentum owing to the rising demand for automobiles and infrastructural growth. The growing demand for alternative and sustainable energy sources is expected to provide a further impetus to the growth of the market as the infrastructure of renewable energy sources like solar wind and hydropower make ample use of stainless steel. The growth in household income and spending power is also expected to aid the market as a number of home appliances like refrigerators, televisions, ovens, and others make use of steel.

 

The Asia Pacific Region to Contribute Significantly to the  Growth of the Steel Industry

The Asia Pacific region comprises of a number of emerging economies that are some of the major producers of steel globally. Within the Asia Pacific, India is one of the major regional markets for steel. In India, the iron and steel industry is experiencing a robust demand from sectors like infrastructure, oil and gas, and automotive, which has been driving the growth of the steel industry in the region. The Indian steel industry is further being driven by the easy availability of low-cost manpower and the presence of abundant iron ore reserves in the country. The implementation of schemes by the Government of India like the Jal Jiban Mission, Pradhan Mantri Awaas Yojana -Gramin and Urban (PMAY-G & U), Bharatmala and Sagarmala, and the National Steel Policy have provided favourable prospects for public and foreign investments, further leading to the growth of the steel industry. The launch of various projects like the construction of metro railways and new airports and irrigation projects are anticipated to catalyse the market growth in India, thus, aiding the overall growth of the steel industry.

 

Steel: Industry  Definition and Segmentation

Steel is an iron-based alloy, which might contain carbon, silicon, manganese, and other minerals. The process of steelmaking involves the production of steel from iron ore and/or scrap. Due to its high durability and malleability, steel is a preferred choice of raw material in a number of industries like the manufacturing, automotive, and consumer products industries.

On the basis of product, the market is segmented into:

  • Hot Rolled Steel
  • Cold Rolled Steel
  • Direct Rolled Steel
  • Steel Tubes
  • Others

Based on application, the market is divided into:

  • Pre-Engineered Metal Buildings
  • Bridges
  • Industrial Structures
  • Others

The EMR report looks into the regional markets of steel like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Post-Pandemic Rebound in Construction and Automotive Activities to Augment the Market Growth of the Steel Industry

Post the COVID-19 pandemic that adversely affected the output of major industries, the global economy is expected to witness a healthy recovery. The steel industry is expected to recover from the adverse impact of the pandemic by 2021 as all the major steel producing countries have been projected to witness an increase in the use of steel with the recovery in downstream demand. As almost all the countries of the world aim at restoring their economies with the help of real estate construction, the steel industry is expected to witness a robust growth. Steel is the material of choice in the construction activities because of its durability, recyclability, resistance to fire, and corrosion.

With the outbreak of the COVID-19 pandemic in 2020, the automobile sector witnessed constrained operations due to the global lockdown restrictions and falling demand, which negatively impacted the steel industry. However, as the pandemic is expected to recede by 2021, the automobile sector is projected to recover and flourish due to the recovery in economy and demand, along with the launch of various new projects. This is anticipated to catalyse the demand growth within the steel industry. As the pandemic has propelled the demand for personal vehicles as opposed to using public transport due to heightened health and hygiene consciousness, the demand for steel is expected to witness further growth.

The market for steel is further expected to be supported by the growing trends of sustainability and eco-consciousness. Being the world’s most recycled material, the product is expected to witness a healthy growth in demand owing to the growing environmental concerns among the consumers. It is further proven that steel does not release toxins into the ground, thus, making it an eco-friendly product, which is further anticipated to boost its demand.

 

Key Industry Players in the Global Steel Market

The report presents a detailed analysis of the following key players in the global steel  market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.

  • ArcelorMittal SA
  • Nippon Steel Corporation
  • POSCO
  • Anshan Iron and Steel Group Corporation
  • China Baowu Steel Group Corp., Ltd.
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region
Breakup by Product Hot Rolled Steel, Cold Rolled Steel, Direct Rolled Steel, Steel Tubes, Others
Breakup by Application Pre-Engineered Metal Buildings, Bridges, Industrial Structures, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ArcelorMittal SA, Nippon Steel Corporation, POSCO, Anshan Iron and Steel Group Corporation, China Baowu Steel Group Corp., Ltd., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Steel Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Steel Historical Market (2016-2020) 
    8.3    Global Steel Market Forecast (2021-2026)
    8.4    Global Steel Market by Product
        8.4.1    Hot Rolled Steel
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Cold Rolled Steel
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Direct Rolled Steel
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Steel Tubes 
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Others
    8.5    Global Steel Market by Application
        8.5.1    Pre-Engineered Metal Buildings
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Bridges
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Industrial Structures
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global Steel Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Price Analysis
    13.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    ArcelorMittal SA
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Nippon Steel Corporation
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certification
        14.2.3    POSCO
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Anshan Iron and Steel Group Corporation
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    China Baowu Steel Group Corp., Ltd.
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Industry Events and Developments

 

List of Figures and Tables

1.    Global Steel Market: Key Industry Highlights, 2016 and 2026
2.    Global Steel Historical Market: Breakup by Product Type (USD Billion), 2016-2020
3.    Global Steel Market Forecast: Breakup by Product Type (USD Billion), 2021-2026
4.    Global Steel Historical Market: Breakup by Application (USD Billion), 2016-2020
5.    Global Steel Market Forecast: Breakup by Application (USD Billion), 2021-2026
6.    Global Steel Historical Market: Breakup by Region (USD Billion), 2016-2020
7.    Global Steel Market Forecast: Breakup by Region (USD Billion), 2021-2026
8.    North America Steel Historical Market: Breakup by Country (USD Billion), 2016-2020
9.    North America Steel Market Forecast: Breakup by Country (USD Billion), 2021-2026
10.    Europe Steel Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    Europe Steel Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Asia Pacific Steel Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Asia Pacific Steel Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Latin America Steel Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Latin America Steel Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Middle East and Africa Steel Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Middle East and Africa Steel Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Major Importing Countries by Volume (2020)
19.    Major Exporting Countries by Volume (2020)
20.    Major Importing Countries by Value (2020)
21.    Major Exporting Countries by Value (2020)
22.    North America Historical Price Trends and Forecast 2016-2026
23.    Europe Historical Price Trends and Forecast 2016-2026
24.    Asia Pacific Historical Price Trends and Forecast 2016-2026
25.    Latin America Historical Price Trends and Forecast 2016-2026
26.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
27.    Global Steel Market Structure

Key Questions Answered in the Report

The global steel market attained a value of nearly USD 841 billion in 2020.

The market is projected to grow at a CAGR of 3.1% in the forecast period of 2021-2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 1010 billion by 2026.

The superior qualities of the product, like strength, malleability, and recyclability, are aiding market growth. Other factors, such as the implementation of favourable government schemes, increased public and foreign investments, and rapid industrialization, are also aiding  the growth of the market.

The industry is being driven by increased demand of the product from the construction and automobile sectors as a means of recovery of the economy after the outbreak of the COVID-19 pandemic.

The major regional markets for steel are North America, Latin America, the Asia Pacific, Europe and the Middle East and Africa.

The major products of steel in the industry are hot rolled steel, cold rolled steel, direct rolled steel, and steel tubes, among others.

Pre-engineered metal buildings, bridges, and industrial structures, among others, are the major application segments in the industry.

The major players in the market are ArcelorMittal SA, Nippon Steel Corporation, POSCO, Anshan Iron and Steel Group Corporation, and China Baowu Steel Group Corp., Ltd., among others.

Analyst Review

The global steel market attained a value of nearly USD 841 billion, driven by the product’s properties of durability, malleability, and recyclability. Aided by the rising demand from the construction and automobile industries, the industry is further expected to grow at a CAGR of 3.1% in the forecast period 2021-2026 to reach about USD 1010 billion by 2026.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of product, the market is divided into hot rolled steel, cold rolled steel, direct rolled steel, steel tubes, and others. Based on application, the market is divided into pre-engineered metal buildings, bridges, industrial structures, and others. The major regional markets for steel are North America, Latin America, the Asia Pacific, Europe and the Middle East and Africa. The key players in the above market are ArcelorMittal SA, Nippon Steel Corporation, POSCO, Anshan Iron and Steel Group Corporation, China Baowu Steel Group Corp., Ltd., and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

Purchase Full Report

Mini Report

$1499
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$2699
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

$3699
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$4699
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports





NEWSLETTER