Press release
Global Steel Market Size to Reach USD 1,124.00 Billion in 2030
Reports and Data's latest report states that the global steel market had a size of USD 895.32 Billion in 2021 and is predicted to have a revenue Compound Annual Growth Rate (CAGR) of 2.6% during the forecast period. The market's revenue growth is primarily driven by the increasing demand for steel from various end-use industries, such as automotive, chemical, energy, construction, and building.Steel is a crucial material in construction as it can withstand seismic impacts and is not prone to rust, termites, mildew, bugs, mildew or fungi. The rising number of residential, commercial, retail, entertainment, and hotel development projects in the construction sector is propelling the market's revenue growth.
Furthermore, the steel market is witnessing an increasing demand in transportation buildings such as airports and subway rapid transit systems, for various applications including bollards, ticket counters, benches, escalators, and canopies. Steel is also extensively used in pools for both architectural and structural purposes, such as pool liners, handrails, ladders, and ventilation systems. Jindal Stainless launched India's first hot rolled checker plate named Jindal Infinity made from the finest HE 409M grade steel available, at the 2021 International Railway Equipment Exhibition at CII on December 16th, 2021.
Access Full Report Description with Research Methodology and Table of Content @ https://www.reportsanddata.com/report-detail/steel-market
Steel Market Segments:
Reports and Data has segmented the global steel industry into four categories for the purpose of this report: Type Outlook, Product Outlook, Application Outlook, and Regional Outlook.
The Type Outlook includes four segments: Carbon Steel, Alloy Steel, Stainless Steel, and Tool Steel. The revenue for each segment is measured in USD Billion from 2019 to 2030.
The Product Outlook comprises of five segments: Hot Rolled Steel, Cold Rolled Steel, Direct Rolled Steel, Steel Tubes, and Others. The revenue for each segment is also measured in USD Billion from 2019 to 2030.
The Application Outlook includes three segments: Pre-Engineered Metal Buildings, Bridges, Industrial Structures, and Others. The revenue for each segment is also measured in USD Billion from 2019 to 2030.
Lastly, the Regional Outlook includes five segments: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Sweden, BENELUX, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Rest of APAC), Latin America (Brazil, Rest of LATAM), and Middle East & Africa (Saudi Arabia, UAE, South Africa, Israel, Rest of MEA). The revenue for each region is measured in USD Billion from 2019 to 2030.
Get Free Sample PDF (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.reportsanddata.com/download-free-sample/3009
Steel Market: Strategic Developments
The global steel market is segmented by type into carbon steel, alloy steel, stainless steel, and tool steel. Among these, the stainless steel segment is expected to experience significant revenue growth during the forecast period. Stainless steel is highly valued for its corrosion resistance, which is due to the presence of the alloying element chromium. High alloy grades of stainless steel can withstand corrosion in most acid, caustic, and chlorinating conditions, making them highly desirable for use in process equipment. Low alloy grades of stainless steel, on the other hand, are resistant to corrosion in clean water and air conditions. Stainless steel finds application in heat exchangers, superheaters, boilers, feedwater heaters, valves, mains, and aerospace applications, all of which drive the revenue growth of the segment.
Tata Steel launched Galvanova on November 27, 2020. Galvanova is a new-generation steel that meets the growing unmet needs of small and medium-sized enterprises (MSMEs). This product is highly suitable for HVAC, false ceilings, and solar applications, which strengthens Tata Steel's portfolio by focusing on the consumer electronics and solar industries.
On April 28, 2022, Jindal Stainless Ltd. (JSL) acquired Paul Wurth, a business area of the SMS Group, to build a 2 million-tonne blast furnace at the Kalinganagar Steelworks. The new blast furnace has an operating volume of 2,307 m3 and includes a bellless top, TMT machine, copper, and cast-iron staves. This acquisition allows JSL to expand its business and strengthen its position in the global steel market.
Steel Market: Competitive Landscape
The market report profiles various companies operating in the global steel industry. These companies include Emirates Steel, Hamriyah Steel, Nippon Steel Corporation, ANIE, United Iron & Steel Co. LLC, AbdulKarim Al-Rajhi Steel Company, Absal, ArcelorMittal, Jiangsu Zhishang Metal Products Co. Ltd, and SABIC. These companies are involved in the manufacturing and production of various steel products and are continuously engaged in research and development activities to improve their product offerings. They also undertake strategic initiatives such as mergers, acquisitions, partnerships, and collaborations to expand their business operations and strengthen their market position. With the rising demand for steel in various industries, these companies are expected to witness significant growth opportunities in the global steel market.
Browse Our Related Links:
Wood Pellets Market Companies - https://www.marketwatch.com/press-release/wood-pellets-market-to-reach-usd-1716-billion-by-2027-2023-04-17?mod=search_headline
Graphene in Batteries and Supercapacitors Market Revenue - https://www.marketwatch.com/press-release/graphene-in-batteries-and-supercapacitors-market-size-analysis-industry-
outlook-region-forecast-2023-2027-2023-04-17?mod=search_headline
AI in Oil and Gas Market Reports - https://www.marketwatch.com/press-release/ai-in-oil-and-gas-market-trends-revenue-major-players-share-analysis-forecast-till-2026-2023-04-17?mod=search_headline
Wind Turbine Pitch System Market Overview - https://www.marketwatch.com/press-release/wind-turbine-pitch-system-market-size-revenue-analysis-pest-region-country-forecast-2023-2028-2023-04-17?mod=search_headline
Passive Fire Protection Market Segmentations - https://www.marketwatch.com/press-release/passive-fire-protection-market-to-reach-usd-565-billion-by-2027-2023-04-18?mod=search_headline
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyses consumer behaviour shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Power and Energy, and Chemicals. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Steel Market Size to Reach USD 1,124.00 Billion in 2030 here
News-ID: 3040053 • Views: …
More Releases from Reports And Data

Global Automotive Variable Geometry Turbocharger Market Insight, Growth, Industr …
The automotive variable geometry turbocharger (VGT) market is an important segment within the automotive turbocharger industry, focused on advanced turbocharging technology that adjusts turbine geometry to optimize exhaust flow and boost pressure. VGTs enhance engine performance, improve fuel efficiency, and reduce emissions, making them essential in modern internal combustion engines-particularly in downsized gasoline and diesel engines. This technology supports automakers' efforts to meet stringent fuel economy and emission regulations while…

Global Automotive Vacuum Pump Market Size, Growth, Industry Trends | Reports and …
The automotive vacuum pump market is a significant segment within the automotive components industry, focusing on pumps that generate vacuum pressure essential for various vehicle functions such as brake boosters, engine control, HVAC systems, and emission control. These pumps improve vehicle safety, performance, and efficiency and are critical in modern internal combustion engine (ICE) vehicles as well as in hybrid and electric vehicles (EVs), especially as engine downsizing and electrification…

Global Automotive Tie Rod Assembly Market Set for Rapid Growth - Reports and Dat …
The automotive tie rod assembly market is a key segment within the automotive steering system components industry, focusing on the manufacture and supply of tie rod assemblies that are essential for precise steering control, vehicle stability, and safety. Tie rod assemblies connect the steering gear to the wheels and play a crucial role in translating driver steering input into wheel movement. These assemblies are widely used across passenger cars, light…

Global Automotive Transmission Valve Spool Market Insight, Growth, Industry Tren …
The automotive transmission valve spool market is a vital segment within the automotive transmission components industry, focusing on manufacturing and supplying valve spools that control hydraulic fluid flow inside transmission systems. These valve spools are critical for enabling smooth gear shifts, optimizing transmission performance, and enhancing overall vehicle efficiency and reliability. They are widely used across automatic and advanced transmission systems in passenger cars, commercial vehicles, and increasingly in hybrid…
More Releases for Steel
Steel Beams Market is Booming Worldwide with Steel Dynamics, JSW Steel, JFE Stee …
HTF MI just released the Global Steel Beams Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach.
Major Giants in Steel Beams Market are:
ArcelorMittal (Luxembourg), Nippon Steel (Japan),…
Special Ball Bearing Steel Market : Eminent Players - Nippon Steel, Suzhou Steel …
Market Description -
Los Angeles, (United States) - The information made available in the Special Ball Bearing Steel report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work,…
Miscellaneous Steel Detailing | Steel Detailer | Steel Detailing Services
We provide the highest quality of finished projects in the industry. Boasting unmatched turnaround times, and superb accuracy. WorldSteel Detailings has onboard team of experienced steel detailers and engineers with a wide range of experience from industrial and commercial projects to high rise buildings. By using innovative technologies and latest softwares, our structural steel detailing team provides accurate services as per your requirements based on country standards.Our steel detailing professionals…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in…