openPR Logo
Press release

Carbon Steel Market 2024: Key Market Players, Mergers, and Regional Highlights

Carbon Steel Market

Carbon Steel Market

๐€๐ง๐š๐ฅ๐ฒ๐ณ๐ข๐ง๐  ๐ญ๐ก๐ž ๐‚๐š๐ซ๐›๐จ๐ง ๐’๐ญ๐ž๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก

The global carbon steel market is experiencing a wave of significant growth, driven by increased demand across various industries such as automotive, construction, and machinery. As of 2024, the carbon steel sector is poised for continued expansion due to the rise in infrastructure projects, automotive production, and the manufacturing of essential machinery.

This report highlights the key developments, mergers, and acquisitions taking place across regions such as Vietnam, Thailand, Japan, South Korea, Europe, and the United States, reflecting the dynamic shifts in this ever-evolving market.

๐†๐ž๐ญ ๐š ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/118645/

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ: ๐ˆ๐ง๐œ๐ซ๐ž๐š๐ฌ๐ข๐ง๐  ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐€๐œ๐ซ๐จ๐ฌ๐ฌ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐ž๐ฌ

The demand for carbon steel is being fueled by several factors:

Infrastructure Development: Construction of bridges, roads, and commercial buildings in emerging economies is boosting carbon steel consumption.
Automotive Industry: A rise in car production globally, especially in Asian markets like Japan and South Korea, has significantly increased demand for high-strength steel.
Technological Advancements: New manufacturing technologies that improve steel quality and reduce production costs are driving market growth.

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ: ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐œ ๐Œ๐จ๐ฏ๐ž๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐‚๐š๐ซ๐›๐จ๐ง ๐’๐ญ๐ž๐ž๐ฅ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

The carbon steel market is undergoing rapid consolidation, with several notable mergers and acquisitions aimed at strengthening market positions:

Vietnam: The leading Vietnamese steel manufacturer, Hoa Sen Group, recently acquired several regional steel mills to boost its production capacity and extend its market reach.
South Korea: Hyundai Steel's acquisition of Dongbu Steel has strengthened its position as a leader in the production of high-grade carbon steel for the automotive sector.
Japan: Japan's top steel producer, Nippon Steel Corporation, merged with Sumitomo Metal Industries to expand its portfolio and improve its competitiveness in global markets.
These strategic moves are not only increasing production capacity but also enabling companies to diversify their offerings and tap into emerging markets.

๐“๐จ ๐ฅ๐ž๐š๐ซ๐ง ๐ฆ๐จ๐ซ๐ž ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐Ÿ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐œ๐ก๐ž๐œ๐ค: https://www.maximizemarketresearch.com/request-sample/118645/

๐Š๐ž๐ฒ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ: ๐‚๐š๐ซ๐›๐จ๐ง ๐’๐ญ๐ž๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง ๐€๐ฌ๐ข๐š ๐š๐ง๐ ๐๐ž๐ฒ๐จ๐ง๐

๐‘ฝ๐’Š๐’†๐’•๐’๐’‚๐’Ž ๐’‚๐’๐’… ๐‘ป๐’‰๐’‚๐’Š๐’๐’‚๐’๐’…: ๐‘ฌ๐’™๐’‘๐’‚๐’๐’…๐’Š๐’๐’ˆ ๐‘ด๐’‚๐’๐’–๐’‡๐’‚๐’„๐’•๐’–๐’“๐’Š๐’๐’ˆ ๐‘ฉ๐’‚๐’”๐’†
In Southeast Asia, both Vietnam and Thailand are becoming prominent players in the carbon steel market. Vietnam's Hoa Sen Group has been a significant force, especially after acquiring several mills, while Thailand's SSI Steel is ramping up production to meet both domestic and international demand. The government's commitment to infrastructure development is expected to continue driving demand for steel products.

๐‘ฑ๐’‚๐’‘๐’‚๐’ ๐’‚๐’๐’… ๐‘บ๐’๐’–๐’•๐’‰ ๐‘ฒ๐’๐’“๐’†๐’‚: ๐‘ป๐’†๐’„๐’‰๐’๐’๐’๐’๐’ˆ๐’Š๐’„๐’‚๐’ ๐‘จ๐’…๐’—๐’‚๐’๐’„๐’†๐’Ž๐’†๐’๐’•๐’” ๐’Š๐’ ๐‘บ๐’•๐’†๐’†๐’ ๐‘ท๐’“๐’๐’…๐’–๐’„๐’•๐’Š๐’๐’
Japan and South Korea remain critical players in the global carbon steel market. Japan's advanced technology and high-quality production processes ensure its competitive edge. South Korea's steel production is increasingly focused on high-strength steel for the automotive and construction sectors, with companies like Hyundai Steel and POSCO leading innovation in product development.

๐‘ฌ๐’–๐’“๐’๐’‘๐’†: ๐‘บ๐’–๐’”๐’•๐’‚๐’Š๐’๐’‚๐’ƒ๐’Š๐’๐’Š๐’•๐’š ๐’‚๐’๐’… ๐‘ฎ๐’“๐’†๐’†๐’ ๐‘บ๐’•๐’†๐’†๐’ ๐‘ฐ๐’๐’Š๐’•๐’Š๐’‚๐’•๐’Š๐’—๐’†๐’”
In Europe, carbon steel production is evolving toward more sustainable methods. The European Union's push for greener manufacturing processes has led to investments in electric arc furnaces and green hydrogen initiatives. Leading European producers, such as ArcelorMittal, are investing heavily in eco-friendly production methods to reduce carbon emissions.

๐‘ผ๐’๐’Š๐’•๐’†๐’… ๐‘บ๐’•๐’‚๐’•๐’†๐’”: ๐‘บ๐’•๐’“๐’†๐’๐’ˆ๐’•๐’‰๐’†๐’๐’Š๐’๐’ˆ ๐’•๐’‰๐’† ๐‘ซ๐’๐’Ž๐’†๐’”๐’•๐’Š๐’„ ๐‘บ๐’•๐’†๐’†๐’ ๐‘ฐ๐’๐’…๐’–๐’”๐’•๐’“๐’š
The U.S. is focusing on reshoring its steel production capabilities. In 2024, U.S. Steel and Nucor Corporation have increased investments in domestic plants to meet rising demand from the automotive and construction sectors. These strategic initiatives aim to reduce reliance on imports and bolster the domestic economy.

๐ˆ๐ง๐ญ๐ซ๐ข๐ ๐ฎ๐ž๐ ๐ญ๐จ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐œ๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ? ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ก๐š๐ง๐๐ฌ-๐จ๐ง ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/request-sample/118645/

๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐‚๐š๐ซ๐›๐จ๐ง ๐’๐ญ๐ž๐ž๐ฅ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

Green Steel Production: As demand for more sustainable products rises, steel manufacturers worldwide are adopting eco-friendly production processes, such as electric arc furnaces and hydrogen-based steelmaking.
High-Strength Steel Demand: With the growth of the automotive and aerospace industries, manufacturers are focusing on producing high-strength, lightweight carbon steel to meet stringent performance requirements.
Smart Manufacturing: Digitalization in the steel production process is becoming a significant trend. Smart factories equipped with IoT sensors and AI-driven automation are enhancing operational efficiency and reducing costs.

๐‚๐š๐ซ๐›๐จ๐ง ๐’๐ญ๐ž๐ž๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐›๐ฒ ๐“๐ฒ๐ฉ๐ž

low-carbon steel
Medium-carbon steel
High-carbon steel

The market for carbon steel is divided into three categories based on type: low-, medium-, and high-carbon steel.

The most common type of carbon steel is low carbon steel. The carbon content of these steels is typically less than 0.25 weight percent. Since heat treatment cannot harden them, cold work is typically used to accomplish this. Low carbon steels are frequently utilized in food cans, pipes, structural forms, automobile body parts, and bridge and construction components.

๐›๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง

Shipbuilding
Construction
Automotive
Other

The market for carbon steel is divided into several segments based on its applications, including shipbuilding, construction, and automotive. Because carbon steel is used in shipbuilding because of its mechanical qualities and affordability, the shipbuilding segment has had the biggest market share throughout history and the forecast period. In the shipbuilding business, carbon steel is essential.

๐›๐ฒ ๐’๐ก๐š๐ฉ๐ž

Long Steel
Tabular Steel
Flat Steel

๐›๐ฒ ๐„๐ง๐ ๐ฎ๐ฌ๐ž๐ซ

Ship-Building
Automotive
Infrastructure & Transport
Construction

๐“๐จ ๐๐ž๐ฅ๐ฏ๐ž ๐๐ž๐ž๐ฉ๐ž๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐Ÿ๐จ๐ฅ๐ฅ๐จ๐ฐ ๐ญ๐ก๐ข๐ฌ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-carbon-steel-market/118645/

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

1.HBIS Group
2. Baosteel Group
3. ArcelorMittal
4. Nippon Steel Corporation
5. POSCO
6. AK Steel Corporation
7. NLMK
8. Evraz plc
9. United States Steel
10. JFE Steel Corporation
11. Hitachi Ltd.
12. Ansteel Group Corporation
13. Tata Steel
14. Thyssenkrupp AG
15. United States Steel Corporation
16. Hyundai Steel
17. Curtis steel
18. Omega steel

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐–๐ก๐š๐ญ'๐ฌ ๐“๐ซ๐ž๐ง๐๐ข๐ง๐ :

โ™ฆ Global High-efficiency Particulate Air (HEPA) Filters Market https://www.maximizemarketresearch.com/market-report/global-high-efficiency-particulate-air-hepa-filters-market/107411/

โ™ฆ Global Non-breathable Films Market https://www.maximizemarketresearch.com/market-report/global-non-breathable-films-market/44746/

โ™ฆ Global Automotive Perimeter Monitoring System Market https://www.maximizemarketresearch.com/market-report/global-automotive-perimeter-monitoring-system-market/74021/

โ™ฆ Global Image Processing Systems Market https://www.maximizemarketresearch.com/market-report/global-image-processing-systems-market/46445/

โ™ฆ Global Dissolved Gas Analyzer (DGA) Market https://www.maximizemarketresearch.com/market-report/global-dissolved-gas-analyzer-dga-market/35283/

โ™ฆ Dementia Care Products Market https://www.maximizemarketresearch.com/market-report/global-dementia-care-products-market/24987/

โ™ฆ DevOps Certification Service Market https://www.maximizemarketresearch.com/market-report/global-devops-certification-service-market/79809/

โ™ฆ Global Sports Apparel Embellishment Market https://www.maximizemarketresearch.com/market-report/global-sports-apparel-embellishment-market/35918

โ™ฆ Note Taking App Market https://www.maximizemarketresearch.com/market-report/note-taking-app-market/148234/

โ™ฆ Global Automated Waste Collection System (AWCS) Market https://www.maximizemarketresearch.com/market-report/global-automated-waste-collection-system-awcs-market/88188/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

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 Carbon Steel Market 2024: Key Market Players, Mergers, and Regional Highlights here

News-ID: 3756250 • Views: โ€ฆ

More Releases from Maximize Market Research Pvt. Ltd.

Functional Brain Imaging Systems Market Key Trends, Opportunities, Revenue Analysis, Sales Revenue
Functional Brain Imaging Systems Market Key Trends, Opportunities, Revenue Analy โ€ฆ
Functional Brain Imaging Systems Market was valued at US$ 4.98 Bn. in 2023, and the total functional brain imaging systems revenue is expected to grow at a CAGR of 6.8 % for the period 2024-2030, reaching nearly US$ 7.90 Bn. in 2030. Functional Brain Imaging Systems Market Overview: The Functional Brain Imaging Systems Market is witnessing significant growth due to increasing demand for advanced diagnostic tools in neuroscience and mental health research.โ€ฆ
Small-Scale Bioreactors Market Development Status, Share, Size, Trend Anlysis, Competition Analysis
Small-Scale Bioreactors Market Development Status, Share, Size, Trend Anlysis, C โ€ฆ
The Small-Scale Bioreactors Market size was valued at USD 1.41 Billion in 2024 and the total Small-Scale Bioreactors revenue is expected to grow at a CAGR of 8.6% from 2025 to 2032, reaching nearly USD 2.73 Billion. Small-Scale Bioreactors Market Overview: The Small-Scale Bioreactors Market is witnessing robust growth driven by increasing demand for efficient and scalable solutions in biopharmaceutical research, process development, and academic laboratories. These systems enable rapid optimization ofโ€ฆ
India Microwave Oven Market Growth Forecast (2022-2029) - Expected to Reach USD 791.77 Billion
India Microwave Oven Market Growth Forecast (2022-2029) - Expected to Reach USD โ€ฆ
India Microwave Oven Market size was valued at US$ 398.53 Bn in 2021 and the total revenue is expected to grow at 8.96% through 2022 to 2029, reaching nearly US$ 791.77 Bn. India Microwave Oven Market Overview: The India Microwave Oven Market is experiencing steady growth, driven by the increasing adoption of modern kitchen appliances and the rising influence of urban lifestyles. Changing food consumption patterns, growing disposable income, and a preferenceโ€ฆ
Glutathione Market Future Scope Analysis with Size, Trend, Opportunities, Revenue, Future Scope
Glutathione Market Future Scope Analysis with Size, Trend, Opportunities, Revenu โ€ฆ
The glutathione market size was valued at USD 2.58 Billion in 2024 and the total revenue is expected to grow at a CAGR of 12.87 % from 2025 to 2032, reaching nearly USD 6.8 Billion. Glutathione Market Overview: The Glutathione Market is witnessing robust growth driven by the increasing awareness of its powerful antioxidant properties and its rising application across pharmaceuticals, cosmetics, and nutraceuticals. Glutathione plays a vital role in detoxification, immuneโ€ฆ

All 5 Releases


More Releases for Steel

Steel Beams Market is Booming Worldwide with Steel Dynamics, JSW Steel, JFE Stee โ€ฆ
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),โ€ฆ
Special Ball Bearing Steel Market : Eminent Players - Nippon Steel, Suzhou Steel โ€ฆ
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,โ€ฆ
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 professionalsโ€ฆ
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni โ€ฆ
A detailed study on โ€˜Structural Steel marketโ€™ 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 industryโ€™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 inโ€ฆ
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni โ€ฆ
A detailed study on โ€˜Structural Steel marketโ€™ 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 industryโ€™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 inโ€ฆ
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni โ€ฆ
A detailed study on โ€˜Structural Steel marketโ€™ 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 industryโ€™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 inโ€ฆ