Carbon steel is a common type of metal that is used in engineering and construction applications. It has high tensile strength and durability, but is less resistant to corrosion than stainless steel. Carbon steel is comprised of iron alloyed with small amounts of carbon, manganese, sulfur, and phosphorus. These elements are added to improve the steel’s properties.
Market Dynamics:
Infrastructure development, automotive industry, and rapid urbanization is anticipated to drive growth of the global carbon steel market over the forecast period. Moreover, energy sector is also expected to boost the growth of the global carbon steel market over the forecast period. Green steel production, high-strength, low-alloy steels, developing markets, and value-added products are expected to create growth opportunities for the global carbon steel market over the forecast period. The rapid industrialization and urbanization in countries across Asia Pacific are driving the demand for carbon steel in various industries such as construction, automotive, and manufacturing. The rise in construction activity is driving the demand for carbon steel products. Repair and rehabilitation are anticipated to make up a significant portion of overall costs, with a major portion of demand coming from carbon steel products. Technological innovation and advancement are optimizing the performance of carbon steel products, by making them more widely used in downstream applications. The demand for lightweight and strong materials in the automotive and aerospace industries is driving the expansion of the global carbon steel market.
However, environmental concerns, competition from alternatives, volatility in raw material prices, and overcapacity are expected to hamper growth of the global carbon steel market over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global carbon steel market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global carbon steel market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include ArcelorMittal, Nippon Steel & Sumitomo Metal Corporation (NSSMC), POSCO, Tata Steel, Baowu Group (China Baowu Steel Group Corp.), JFE Steel Corporation, JSW Steel, United States Steel Corporation (U.S. Steel), Shagang Group, Ansteel Group
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global carbon steel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Carbon Steel market
- By Carbon Content:
- Low Carbon Steel (Mild Steel)
- Medium Carbon Steel
- High Carbon Steel
- By End-use Industry:
- Construction
- Automotive
- Oil & Gas
- Energy
- Consumer Goods
- Shipbuilding
- Others
- By Form:
- Flat Products
- Long Products
- Tubular Products
- By Process:
- Basic Oxygen Furnace (BOF)
- Electric Arc Furnace (EAF)
- By Treatment:
- Cold Rolled
- Hot Rolled
- Galvanized
- Annealed
- By Application:
- Tools
- Pipes & Tubes
- Construction Hardware
- Structural
- By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
- Company Profiles:
- Nippon Steel & Sumitomo Metal Corporation (NSSMC)
- POSCO
- Tata Steel
- Baowu Group (China Baowu Steel Group Corp.)
- JFE Steel Corporation
- JSW Steel
- United States Steel Corporation (U.S. Steel)
- Shagang Group
- Ansteel Group
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Carbon Content
- Market Snippet, By End-use Industry
- Market Snippet, By Form
- Market Snippet, By Process
- Market Snippet, By Treatment
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Infrastructure Development
- Automotive Industry
- Rapid Urbanization
- Restraints
- Competition from Alternatives
- Environmental Concerns
- Overcapacity
- Opportunities
- Green Steel Production
- High-Strength, Low-Alloy Steels
- Developing Markets
- Key Highlights
- Regulatory Scenario
- Recent Trends
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Mergers, Acquisitions and Collaborations
- 4. Global Carbon Steel Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Global Carbon Steel Market, By Carbon Content, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 – 2032
- Segment Trends
- Low Carbon Steel (Mild Steel)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Medium Carbon Steel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- High Carbon Steel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- 6. Global Carbon Steel Market, By End-Use Industry, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 – 2032
- Segment Trends
- Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Energy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Consumer Goods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Shipbuilding
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- 7. Global Carbon Steel Market, By Form, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 – 2032
- Segment Trends
- Flat Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Long Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Tubular Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- 8. Global Carbon Steel Market, By Process, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 – 2032
- Segment Trends
- Basic Oxygen Furnace (BOF)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Electric Arc Furnace (EAF)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- 9. Global Carbon Steel Market, By Treatment, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 – 2032
- Segment Trends
- Cold Rolled
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Hot Rolled
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Galvanized
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Annealed
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- 10. Global Carbon Steel Market, By Application, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 – 2032
- Segment Trends
- Tools
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Pipes & Tubes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Construction Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- Structural
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
- 11. Global Carbon Steel Market, By Region, 2020-2032, (US$ Bn)
- Introduction
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, For Country 2021 –2032
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Carbon Content, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Form, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Process, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Treatment, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Carbon Content, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Form, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Process, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Treatment, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Carbon Content, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Form, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Process, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Treatment, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
- Germany
- U.K
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Carbon Content, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Form, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Process, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Treatment, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Carbon Content, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Form, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Process, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Treatment, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2020-2032,(US$ Bn)
- GCC Countries
- Israel
- South Africa
- North Africa
- Central Africa
- Rest of Middle East
- 12. Competitive Landscape
- Nippon Steel & Sumitomo Metal Corporation (NSSMC)
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- POSCO
- Tata Steel
- Baowu Group (China Baowu Steel Group Corp.)
- JFE Steel Corporation
- JSW Steel
- United States Steel Corporation (U.S. Steel)
- Shagang Group
- Ansteel Group
- Analysts’ Views
- 13. Section
- References
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook