Steel Market Share, Size & Growth Forecast by 2034

The global steel market is expected to grow at 5.4% CAGR from 2024 to 2030. It is expected to reach above USD 910 billion by 2030 from USD 566 billion in 2020.

On March 28, 2025, Exactitude Consultancy., Ltd. released a research report offers a comprehensive examination of the various processes and materials used in the production of Steel market goods. The market study excludes key regions that are accelerating marketization. This section also gives the extent of different market segments and applications that could have an impact on the market in the future. Current trends and historical turning points form the basis of the enormous amount of data. The report includes information on market trends and development, growth drivers, emerging technologies, and the investment structure of the Steel market.

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This report is also available in the following languages: Japanese (鉄鋼市場), Korea (철강 시장), china (钢铁市场), French (Marché de l'acier), German (Stahlmarkt), and Italy (Mercato dell'acciaio), etc.

Key Companies Profiled

ArcelorMittal (Luxembourg), POSCO (South Korea), Shangang Group (Spain), NSSMC Group (Japan), China Baowu Group (China), HBIS Group (China), Tata Steel Group (India), Nucor Corporation (US), Hyundai Steel Company (South Korea), China Steel Company (Taiwan).

Market Segmentation

Steel Market by Type, 2020-2029, (USD Million), (Kilotons)

Flat Steel

Long Steel

Steel Market by Product, 2020-2029, (USD Million), (Kilotons)

Structural Steel

Iron Steel Wire

Bright Steel

Welding Iron/Rod

Ropes

Prestressing Steel

Braids

Others

Steel Market by Application, 2020-2029, (USD Million), (Kilotons)

Automotive

Mechanical

Building And Construction

Metal Products

Mechanical Equipment

Electric Appliances

Domestic Appliances

Other Transportation

Steel Market by Region, 2020-2029, (USD Million), (Kilotons)

North America

Europe

Asia Pacific

South America

Middle East And Africa

Important countries in all regions are covered.

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If opting for the Global version of Steel Market; then the below country analysis would be included:

- North America (the USA, Canada, and Mexico)

- Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland, and the Rest of Europe)

- Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia, and the Rest of APAC)

- South America (Brazil, Argentina, Chile, Colombia, the Rest of the countries, etc.)

- the Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)

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The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Steel market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Steel market.

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Reasons To Buy The Steel Market Report:

➼ In-depth analysis of the market on the global and regional levels.

➼ Major changes in market dynamics and competitive landscape.

➼ Segmentation on the basis of type, application, geography, and others.

➼ Historical and future market research in terms of size, share growth, volume, and sales.

➼ Major changes and assessment in market dynamics and developments.

➼ Emerging key segments and regions

➼ Key business strategies by major market players and their key methods

Our team is available 24/7 to assist and support our customers through reliable research.

Customization

-20% free customization.

-Five Countries can be added as per your choice.

-Five Companies can added as per your choice.

-Free customization up to 40 hours.

-Post-sales support for 1 year from the date of delivery.

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