Press release
Iron and Steel Mills and Ferroalloy Market: Steady Growth Expected with a Jump from $1219.81 billion in 2025 to $1438.1 billion by 2029
Iron And Steel Mills And Ferroalloy Market Size
What Is The Projected Market Size Of The Global Iron And Steel Mills And Ferroalloy Market And Its Growth Rate?
The iron and steel mills and ferroalloy market is anticipated to witness robust growth, attributed to rise in construction activity, strong economic growth in emerging markets and increasing use of recycled steel.
•Historic growth rate: The market size has grown from $1150.23 billion in 2024 to $1219.81 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%.
•Forecasted growth rate: The market size is estimated to reach $1438.1 billion by 2029 at a CAGR of 4.2%.
What Is Driving The Growth In The Iron And Steel Mills And Ferroalloy Market?
Growth in the iron and steel mills and ferroalloy market is primarily propelled by the rise in metal consumption by the aerospace sector. Increase in air travel is resulting in heightened demand for commercial airplanes, leading to significant metal requirements, consequently driving the market. Assets provided by renowned bodies like the International Air Transport Association (IATA) and Boeing forecast a significant rise in air travel and the need for new jets respectively, further substantiating the market push.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2863&type=smp
Who Are the Key Players Driving Iron And Steel Mills And Ferroalloy Market Growth?
•POSCO
•ArcelorMittal S.A.
•Nippon Steel & Sumitomo Metal Corporation
•TATA Steel Group
•Nucor Corp
•JFE Holdings, Inc.
•GERDAU S.A
•Hyundai Steel Company
•Maanshan Iron and Steel Company Limited
•Thyssenkrupp AG
•Baoshan Iron & Steel Co. Ltd
•Kobe Steel Limited
•Baowu steel
•Ningbo BST Metal Products Co. Ltd., and many others.
What Are The Key Trends In The Iron And Steel Mills And Ferroalloy Market?
Key trends shaping the market include:
•Shift from conventional blast furnaces to modern EAFs (electric-arc furnaces)
•Focus on AHSS (advanced high-strength steel)
•Use of artificial intelligence
•Focus on HYBRIT (hydrogen breakthrough ironmaking technology)
•Focus on mergers and acquisitions
•Focus on new product development
•Adoption of robotics in iron ore mining
What Are The Segments Of The Global Iron And Steel Mills And Ferroalloy Market?
•By Type: Ferroalloys, Pig Iron, Crude Steel
•By End-User Industry: Automotive, Machinery, Oil And Gas, Construction, Other End-Users
Which Region Leads The Iron And Steel Mills And Ferroalloy Market?
Asia-Pacific dominated the iron and steel mills and ferroalloy market in 2024, followed by Western Europe. The market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/iron-and-steel-mills-and-ferroalloy-global-market-report
What Is Covered In The Iron And Steel Mills And Ferroalloy Market Global Market Report?
- Market Size Analysis: Analyze the Iron And Steel Mills And Ferroalloy Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Iron And Steel Mills And Ferroalloy Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Iron And Steel Mills And Ferroalloy Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Iron And Steel Mills And Ferroalloy Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=2863&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Iron and Steel Mills and Ferroalloy Market: Steady Growth Expected with a Jump from $1219.81 billion in 2025 to $1438.1 billion by 2029 here
News-ID: 3837070 • Views: …
More Releases from The Business Research Company
Handguns Market Overview, Emerging Developments, and Key Player Analysis
An Overview of the Expanding Handguns Market
The global handguns market is set to experience significant growth in the coming years, driven by innovations and increasing demand across various user groups. This report offers insights into the market size, key drivers, prominent players, emerging trends, and segmentation, providing a comprehensive understanding of the industry's current landscape and future prospects.
Download a free sample of the handguns market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=25341&type=smp
Projected Growth and Market Size…
Leading Companies Fueling Growth and Innovation in the Ground Handling Systems M …
The ground handling systems market is on track for notable expansion as the aviation sector increasingly embraces advanced technologies and sustainability initiatives. This growth reflects broader trends in airport infrastructure development, cargo logistics, and digital innovation, which are reshaping how ground operations are managed globally. Let's explore the market's growth expectations, leading players, emerging trends, and detailed segmentation.
Projected Market Growth and Size of the Ground Handling Systems Market
The ground…
Future Prospects: Key Trends Shaping the GEO Satellite Market Until 2030
The global GEO satellite market is positioned for meaningful growth over the coming years, driven by advancements in technology and increasing demand across various sectors. Understanding the market's size, key players, technological trends, and segmentation provides valuable insight into the evolving landscape and future opportunities of this industry.
Projected Market Growth and Size of the GEO Satellite Market by 2030
The GEO satellite market is anticipated to experience steady expansion, reaching…
Emerging Sub-Segments Transforming the Flying Taxis Market Landscape
The concept of flying taxis has moved from science fiction toward becoming a practical mode of transportation. With rapid technological advancements and increasing investments, this market is positioned for impressive growth as it aims to redefine urban mobility and reduce ground traffic congestion. Below is an overview of the flying taxis market, its growth drivers, key players, and emerging trends shaping the future of urban air travel.
Anticipated Growth of the…
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…
