Steel Market Update: Latest Pricing Trends and Supply Chain Shifts | 2025 - 2032

Steel Market reached US$ 1.47 trillion in 2024 and is expected to reach US$ 2.11 trillion by 2032, growing with a CAGR of 4.60% during the forecast period 2025-2032.

The steel Market is extensively analyzed in the latest study by DataM Intelligence, delivering a well-rounded assessment backed by reliable statistics, historical data, and strategic insights. This report profiles leading industry players, examining their product offerings, pricing strategies, financial health, and growth initiatives. It offers a clear perspective on market dynamics, competitive landscape, and emerging trends that are set to shape the industry's future.

Unlock exclusive insights with our detailed sample report (Please enter your Corporate Email ID to get priority access):- https://datamintelligence.com/download-sample/steel-market?rk

The steel market encompasses the global production, distribution, and consumption of steel-a key industrial alloy made primarily of iron and carbon. It serves as a backbone for various sectors including construction, automotive, infrastructure, machinery, shipbuilding, energy, and consumer goods. The market includes different product types such as flat steel, long steel, and tubular steel, with applications ranging from rebar and structural beams to steel coils and sheets.

List of the Key Players in the steel Market:

ArcelorMittal, Nippon Steel Corporation, Baosteel, TATA Steel, Steel Authority of India Limited (SAIL), Hyundai Steel Co., Ltd., JFE Steel Corporation, HBIS Group, ThyssenKrupp and POSCO.

steel Industry Development:

1. U.S. Imposes 50% Steel Tariffs
The U.S. has increased tariffs on steel and aluminum imports to 50%, significantly affecting global trade and pricing.

This move is expected to raise domestic manufacturing costs, impact canned food prices, and lead to tensions with major steel-exporting regions like the EU and Asia.

2. U.S.-Mexico Nears Trade Agreement
The U.S. is close to finalizing a trade agreement with Mexico that would address the ongoing steel tariff issues, aiming to stabilize cross-border trade.

3. EU Seeks Emergency Steel Support
The European Union is discussing financial aid and strategic actions to support its domestic steel industry, which is under pressure due to high energy prices and U.S. tariffs.

4. Italy Supports Local Steel Giant
Italy has allocated significant government funds to support its largest steel manufacturer, aiming to safeguard thousands of jobs and maintain production levels amid global uncertainties.

5. India Faces Weak Uptake in Pricing Scheme
India's export parity price scheme for steel is seeing limited adoption, as local prices remain below parity levels. Domestic demand, however, is expected to grow by 8-9% in the near term.

6. Plant Closures & Capacity Adjustments
A major South Korean steelmaker has temporarily shut down one of its plants due to reduced demand.

Meanwhile, construction is set to begin on a new electric arc furnace (EAF) steel plant in the UK, part of a green transformation by a leading steel manufacturer.

Research Methodology

Our research methodology combines both qualitative and quantitative approaches to provide you with a thorough market analysis. We begin by gathering data from trusted industry reports and databases (secondary research), followed by primary research through surveys and interviews with key experts. We then apply advanced statistical tools to analyze the data, uncover trends, and assess market dynamics. Additionally, we use market segmentation and Porter's Five Forces analysis to evaluate competition. This approach ensures that the insights we provide are reliable, actionable, and tailored to support your decision-making process.

Speak to Our Senior Analyst and Get Customization in the report as per your requirements: https://datamintelligence.com/customize/steel-market

Segment Covered in the steel Market:

By Product: Crude Steel, Finished Steel

By Application: Pre-Engineered Metal Buildings, Panels, Roofs and Walls, Bridges, Industrial Structures, Others

By End-User: Automotive, Construction, Manufacturing, Machinery and Equipment, Consumer Goods, Aviation & Marine, Others

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, Market Access, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Regional Analysis for steel Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

Buy Now: https://www.datamintelligence.com/buy-now-page?report=steel-market

Contact Us -

Company Name: DataM Intelligence

Contact Person: Sai Kiran

Email: Sai.k@datamintelligence.com

Phone: +1 877 441 4866

Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.