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Steel Market Size, Share & Trends Analysis Report By Product (Flat, Long), By End Use (Building & Construction, Automotive & Aerospace, Railways & Highways), By Region (North America, Europe, APAC, MEA), And Segment Forecasts, 2026 - 2033

Publisher Grand View Research
Published Dec 29, 2025
Length 110 Pages
SKU # GV20724145

Description

Steel Market Summary

The global steel market size was estimated at USD 1.49 trillion in 2025 and is projected to reach USD 2.28 trillion by 2033, at a CAGR of 5.9% from 2026 to 2033. The global steel market is anticipated to be driven by rising investments in construction activities.

Infrastructure and construction extensively require massive amounts of steel to enhance the aesthetic appeal and corrosion resistance of the structure. Steel products offer high strength and are 100% recyclable, which makes them applicable in residential, commercial, and infrastructural applications.

The global steel market is witnessing transformative trends and drivers that significantly shape its future. A major trend is the focus on sustainability, as steel manufacturers increasingly invest in green technologies to minimize carbon emissions. This includes adopting electric arc furnaces and developing low-carbon steel production methods to align with environmental standards and consumer preferences for eco-friendly products. Digital transformation is also becoming prevalent, with the industry leveraging IoT, AI, and data analytics to enhance operational efficiency and streamline manufacturing processes.

In addition, the shift towards electric vehicles and the need for durable, energy-efficient building materials are driving this demand. The steel industry is experiencing consolidation and strategic partnerships, as companies merge or join forces with tech firms to boost competitiveness and innovate production processes.

Furthermore, infrastructure development is crucial as global investments in infrastructure are projected to grow notably with steel being a key material in these projects. The automobile industry's growth, especially with the rise of electric vehicles, is also a significant factor, as evidenced by the International Energy Agency’s forecast of over 17 million electric car sales in 2024. Moreover, urbanization trends are increasing demand for residential and commercial buildings; the UN estimates that by 2050, 68% of the global population will reside in urban areas, necessitating substantial steel use in construction.

Global Steel Market Report Segmentation

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global steel market report on the basis of product, end use, and region.
  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
  • Flat
  • Long
  • End Use Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
  • Building & Construction
  • Automotive & Aerospace
  • Railways & Highways
  • Others
  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2021 - 2033)
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Italy
  • Russia
  • Asia Pacific
  • China
  • Japan
  • India
  • Latin America
  • Brazil
  • Middle East & Africa
  • Saudi Arabia
  • UAE
Please note The report will be delivered in 4-8 business days upon order notification.

Table of Contents

110 Pages
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Information Analysis
1.3.2. Market Formulation & Data Visualization
1.3.3. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
3.1. Global Steel Market Outlook
3.2. Value Chain Analysis
3.2.1. Raw Material Trends
3.2.2. Sales Channel Analysis
3.3. Manufacturing & Technology Overview
3.4. Regulatory Framework
3.5. Price Trend Analysis
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.7. Industry Trends
3.7.1. ESG Trends
3.7.2. Trade Outlook
3.8. Porter’s Five Forces Analysis
3.8.1. Bargaining Power of Suppliers
3.8.2. Bargaining Power of Buyers
3.8.3. Threat of Substitution
3.8.4. Threat of New Entrants
3.8.5. Competitive Rivalry
3.9. PESTLE Analysis
3.9.1. Political
3.9.2. Economic
3.9.3. Social Landscape
3.9.4. Technology
3.9.5. Environmental
3.9.6. Legal
Chapter 4. Steel Market: Product Estimates & Trend Analysis
4.1. Steel Market: Product Movement Analysis, 2025 & 2033
4.2. Flat
4.2.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
4.3. Long
4.3.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
Chapter 5. Steel Market: End Use Estimates & Trend Analysis
5.1. Steel Market: End Use Movement Analysis, 2025 & 2033
5.2. Building & Construction
5.2.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
5.3. Automotive & Aerospace
5.3.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
5.4. Railways & Highways
5.4.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
5.5. Others
5.5.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
Chapter 6. Steel Market: Regional Estimates & Trend Analysis
6.1. Regional Analysis, 2025 & 2033
6.2. North America
6.2.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.2.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.2.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.2.4. U.S.
6.2.4.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.2.4.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.2.4.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.2.5. Canada
6.2.5.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.2.5.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.2.5.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.2.6. Mexico
6.2.6.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.2.6.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.2.6.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.3. Europe
6.3.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.3.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.3.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.3.4. Germany
6.3.4.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.3.4.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.3.4.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.3.5. France
6.3.5.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.3.5.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.3.5.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.3.6. Italy
6.3.6.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.3.6.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.3.6.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.3.7. Russia
6.3.7.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.3.7.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.3.7.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.4.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.4.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.4.4. China
6.4.4.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.4.4.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.4.4.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.4.5. Japan
6.4.5.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.4.5.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.4.5.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.4.6. India
6.4.6.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.4.6.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.4.6.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.5. Latin America
6.5.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.5.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.5.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.5.4. Brazil
6.5.4.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.5.4.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.5.4.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.6.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.6.3. Market estimates and forecasts, by end use, 2021 - 2033 (Kilotons) (USD Million)
6.6.4. Saudi Arabia
6.6.4.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.6.4.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.6.4.3. Market estimates and forecasts, by end-use, 2021 - 2033 (Kilotons) (USD Million)
6.6.5. UAE
6.6.5.1. Market estimates and forecasts, 2021 - 2033 (Kilotons) (USD Million)
6.6.5.2. Market estimates and forecasts, by product, 2021 - 2033 (Kilotons) (USD Million)
6.6.5.3. Market estimates and forecasts, by end-use, 2021 - 2033 (Kilotons) (USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments, By Key Market Participants
7.2. Company Categorization
7.3. Heat Map Analysis
7.4. Company Market Ranking
7.5. Vendor Landscape
7.5.1. List of Raw Material Suppliers
7.5.2. List of Distributors
7.5.3. List of Other Prominent Manufacturers
7.6. List of Prospective End Users
7.7. Strategy Mapping
7.8. Company Profiles/Listing
7.8.1. ArcelorMittal
7.8.1.1. Company Overview
7.8.1.2. Financial Performance
7.8.1.3. Product Benchmarking
7.8.2. Baosteel Group
7.8.2.1. Company Overview
7.8.2.2. Financial Performance
7.8.2.3. Product Benchmarking
7.8.3. Emirates Steel
7.8.3.1. Company Overview
7.8.3.2. Financial Performance
7.8.3.3. Product Benchmarking
7.8.4. JFE Steel
7.8.4.1. Company Overview
7.8.4.2. Financial Performance
7.8.4.3. Product Benchmarking
7.8.5. Nippon Steel Corporation
7.8.5.1. Company Overview
7.8.5.2. Financial Performance
7.8.5.3. Product Benchmarking
7.8.6. NUCOR
7.8.6.1. Company Overview
7.8.6.2. Financial Performance
7.8.6.3. Product Benchmarking
7.8.7. Outokumpu
7.8.7.1. Company Overview
7.8.7.2. Financial Performance
7.8.7.3. Product Benchmarking
7.8.8. POSCO
7.8.8.1. Company Overview
7.8.8.2. Financial Performance
7.8.8.3. Product Benchmarking
7.8.9. Tata Steel
7.8.9.1. Company Overview
7.8.9.2. Financial Performance
7.8.9.3. Product Benchmarking
7.8.10. thyssenkrupp
7.8.10.1. Company Overview
7.8.10.2. Financial Performance
7.8.10.3. Product Benchmarking

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