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Global Steel Manufacturing Market Research Report - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2033)

Published Aug 13, 2025
Length 224 Pages
SKU # LOOK20514367

Description

Definition and Scope:

Steel is the main engineering material used in industries such as Construction, Automotive, Transport, Power, Mechanical Machinery, Metal Goods, and Domestic Appliances. It is also the main material utilized in delivering renewable energy such as solar, tidal, and wind power. Steel is composed of iron, carbon, impurities, and alloying elements, the combination of which determines the properties of the steel.

In the steel manufacturing market, key trends include the development of advanced steel grades like HSLA and AHSS, which enhance performance and safety. Sustainability is gaining prominence, driven by electric arc furnaces, hydrogen use, and carbon capture technologies. The circular economy and recycling are promoting material reuse and waste reduction. Energy efficiency and cost reduction are also critical, with advancements in energy management and digital technologies helping to lower operational costs and environmental impact.

The global Steel Manufacturing market size is projected to reach US$ 1,830,582 Million by 2030 from US$ 1,394,723 million in 2023 at a CAGR of 3.88% during 2024-2030. The steel manufacturing market is driven by several key factors. Innovation in steel applications enhances performance and efficiency across industries, expanding market opportunities. Technological advancements, such as electric arc furnaces and hydrogen-based steelmaking, are improving efficiency and reducing emissions. Sustainability and environmental regulations are pushing the industry towards greener practices, while urbanization and infrastructure development are increasing demand for steel in construction and smart city projects.

However, the Steel Manufacturing industry faces significant challenges including competition from lightweight materials and composites, which offer superior performance characteristics. Harsh operational environments lead to safety and maintenance issues, while a shortage of skilled workers impedes productivity and technological adoption. Geopolitical instability disrupts supply chains and trade, impacting raw material access and increasing production costs.

Segment by Type, the Steel Manufacturing market can be divided into Carbon Steel, Alloy Steel, Stainless Steel and Tool Steel. In the steel manufacturing market, Carbon Steel dominates with a 69.47% share in 2023 and a CAGR of 2.77% from 2024 to 2030, reflecting its broad application across various industries. Alloy Steel follows with a 7.34% share and a CAGR of 2.90%, indicating steady growth in specialized applications. Stainless Steel holds a 3.52% share, growing at 2.98% annually, driven by its corrosion resistance in demanding environments. Tool Steel, with a 1.25% share, is expanding at the highest CAGR of 3.59%, due to its critical role in manufacturing high-performance tools and machinery.

By application, the Steel Manufacturing market can be split into Building and Infrastructure, Mechanical Equipment, Automotive, Metal Products, Other Transport and Domestic Appliances. In the steel manufacturing market, the Building and Infrastructure segment dominates with a 52.32% share in 2023 and is expected to grow at a CAGR of 3.03% from 2024 to 2030, indicating steady demand driven by ongoing urbanization and infrastructure development. The Mechanical Equipment segment holds a 15.99% share, with a CAGR of 2.83%, reflecting moderate growth as industrial machinery continues to evolve. The Automotive sector, with a 12.00% share and a similar growth rate of 2.83%, shows stable expansion due to ongoing advancements in automotive technology and increasing demand for high-strength materials. The Metal Products segment, at 9.67%, and the Other Transport segment, at 4.97%, both exhibit moderate growth rates of 2.57% and 3.14% respectively, driven by evolving transport and logistics needs. The Domestic Appliances segment, with a minimal 1.98% share, is expected to grow at a CAGR of 3.03%, suggesting niche but steady demand in this area.

On basis of geography, the Steel Manufacturing market is segmented into North America, Europe, Asia-Pacific, South America, Middle East and Africa, etc. In the steel manufacturing market by geography, Asia-Pacific leads with a dominant 71.64% share in 2023, reflecting its extensive industrial base and high demand for steel in construction and manufacturing. Europe holds a 13.45% share, showing significant but more moderate market presence, driven by advanced infrastructure and automotive sectors. North America contributes 7.47%, indicating substantial demand, particularly in automotive and construction, but with less emphasis compared to Asia-Pacific. South America and Middle East & Africa have smaller shares of 2.33% and 5.10% respectively, highlighting emerging opportunities and growth potential in these regions.

According to our estimation, the global Steel Manufacturing market has a low level of market concentration, and the manufacturers in the market as a whole are not in fierce competition in the market. One evidence is that the CR5 and HHI of the market in 2023 are 25.05% and 1.71%, respectively, which shows a moderate market concentration. Currently, the key players in the market include China Baowu Group, ArcelorMittal, Ansteel Group, Nippon Steel Corporation, HBIS Group, Shagang Group, POSCO Holdings, Jianlong Group, Shougang Group, Tata Steel Group, Delong Steel, JSW Steel Limited, JFE Steel Corporation, Hunan Steel Group, Nucor Corporation, Fangda Steel, Shandong Steel Group, Hyundai Steel, Steel Authority of India Ltd. (SAIL), Rizhao Steel and Liuzhou Iron and Steel.

This report offers a comprehensive analysis of the global Steel Manufacturing market, examining all key dimensions. It provides both a macro-level overview and micro-level market details, including market size, trends, competitive landscape, niche segments, growth drivers, and key challenges.

Report Framework and Key Highlights:

Market Dynamics: Identification of major market drivers, restraints, opportunities, and challenges.

Trend Analysis: Examination of ongoing and emerging trends impacting the market.

Competitive Landscape: Detailed profiles and market positioning of major players, including market share, operational status, product offerings, and strategic developments.

Strategic Analysis Tools: SWOT Analysis, Porter’s Five Forces Analysis, PEST Analysis, Value Chain Analysis

Market Segmentation: By type, application, region, and end-user industry.

Forecasting and Growth Projections: In-depth revenue forecasts and CAGR analysis through 2033.

This report equips readers with critical insights to navigate competitive dynamics and develop effective strategies. Whether assessing a new market entry or refining existing strategies, the report serves as a valuable tool for:

Industry players

Investors

Researchers

Consultants

Business strategists

And all stakeholders with an interest or investment in the Steel Manufacturing market.

Global Steel Manufacturing Market: Segmentation Analysis and Strategic Insights

This section of the report provides an in-depth segmentation analysis of the global Steel Manufacturing market. The market is segmented based on region (country), manufacturer, product type, and application. Segmentation enables a more precise understanding of market dynamics and facilitates targeted strategies across product development, marketing, and sales.

By breaking the market into meaningful subsets, stakeholders can better tailor their offerings to the specific needs of each segment—enhancing competitiveness and improving return on investment.

Global Steel Manufacturing Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Companies Profiled

China Baowu Group

ArcelorMittal

Ansteel Group

Nippon Steel Corporation

HBIS Group

Shagang Group

POSCO Holdings

Jianlong Group

Shougang Group

Tata Steel Group

Delong Steel

JSW Steel Limited

JFE Steel Corporation

Hunan Steel Group

Nucor Corporation

Fangda Steel

Shandong Steel Group

Hyundai Steel

Steel Authority of India Ltd. (SAIL)

Rizhao Steel

Liuzhou Iron and Steel

Market Segmentation by Type

Carbon Steel

Alloy Steel

Stainless Steel

Tool Steel

Others

Market Segmentation by Application

Building and Infrastructure

Mechanical Equipment

Automotive

Metal Products

Other Transport

Domestic Appliances

Others

Geographic Segmentation

North America: United States, Canada, Mexico

Europe: Germany, France, Italy, U.K., Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium, Russia.

Asia-Pacific: China, Japan, South Korea, India, Australia, Indonesia, Malaysia, Philippines, Singapore, Thailand

South America: Brazil, Argentina, Colombia.

Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa, Rest of MEA

Report Framework and Chapter Summary

Chapter 1: Report Scope and Market Definition

This chapter outlines the statistical boundaries and scope of the report. It defines the segmentation standards used throughout the study, including criteria for dividing the market by region, product type, application, and other relevant dimensions. It establishes the foundational definitions and classifications that guide the rest of the analysis.

Chapter 2: Executive Summary

This chapter presents a concise summary of the market’s current status and future outlook across different segments—by geography, product type, and application. It includes key metrics such as market size, growth trends, and development potential for each segment. The chapter offers a high-level overview of the Steel Manufacturing Market, highlighting its evolution over the short, medium, and long term.

Chapter 3: Market Dynamics and Policy Environment

This chapter explores the latest developments in the market, identifying key growth drivers, restraints, challenges, and risks faced by industry participants. It also includes an analysis of the policy and regulatory landscape affecting the market, providing insight into how external factors may shape future performance.

Chapter 4: Competitive Landscape

This chapter provides a detailed assessment of the market's competitive environment. It covers market share, production capacity, output, pricing trends, and strategic developments such as mergers, acquisitions, and expansion plans of leading players. This analysis offers a comprehensive view of the positioning and performance of top competitors.

Chapters 5–10: Regional Market Analysis

These chapters offer in-depth, quantitative evaluations of market size and growth potential across major regions and countries. Each chapter assesses regional consumption patterns, market dynamics, development prospects, and available capacity. The analysis helps readers understand geographical differences and opportunities in global markets.

Chapter 11: Market Segmentation by Product Type

This chapter examines the market based on product type, analyzing the size, growth trends, and potential of each segment. It helps stakeholders identify underexplored or high-potential product categories—often referred to as “blue ocean” opportunities.

Chapter 12: Market Segmentation by Application

This chapter analyzes the market based on application fields, providing insights into the scale and future development of each application segment. It supports readers in identifying high-growth areas across downstream markets.

Chapter 13: Company Profiles

This chapter presents comprehensive profiles of leading companies operating in the market. For each company, it details sales revenue, volume, pricing, gross profit margin, market share, product offerings, and recent strategic developments. This section offers valuable insight into corporate performance and strategy.

Chapter 14: Industry Chain and Value Chain Analysis

This chapter explores the full industry chain, from upstream raw material suppliers to downstream application sectors. It includes a value chain analysis that highlights the interconnections and dependencies across various parts of the ecosystem.

Chapter 15: Key Findings and Conclusions

The final chapter summarizes the main takeaways from the report, presenting the core conclusions, strategic recommendations, and implications for stakeholders. It encapsulates the insights drawn from all previous chapters.

Table of Contents

224 Pages
1 Introduction to Research & Analysis Reports
1.1 Steel Manufacturing Market Definition
1.2 Steel Manufacturing Market Segments
1.2.1 Segment by Type
1.2.2 Segment by Application
2 Executive Summary
2.1 Global Steel Manufacturing Market Size
2.2 Market Segmentation – by Type
2.3 Market Segmentation – by Application
2.4 Market Segmentation – by Geography
3 Key Market Trends, Opportunity, Drivers and Restraints
3.1 Key Takeway
3.2 Market Opportunities & Trends
3.3 Market Drivers
3.4 Market Restraints
3.5 Market Major Factor Assessment
4 Global Steel Manufacturing Market Competitive Landscape
4.1 Global Steel Manufacturing Sales by Manufacturers (2020-2025)
4.2 Global Steel Manufacturing Revenue Market Share by Manufacturers (2020-2025)
4.3 Steel Manufacturing Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.4 New Entrant and Capacity Expansion Plans
4.5 Mergers & Acquisitions
5 Global Steel Manufacturing Market by Region
5.1 Global Steel Manufacturing Market Size by Region
5.1.1 Global Steel Manufacturing Market Size by Region
5.1.2 Global Steel Manufacturing Market Size Market Share by Region
5.2 Global Steel Manufacturing Sales by Region
5.2.1 Global Steel Manufacturing Sales by Region
5.2.2 Global Steel Manufacturing Sales Market Share by Region
6 North America Market Overview
6.1 North America Steel Manufacturing Market Size by Country
6.1.1 USA Market Overview
6.1.2 Canada Market Overview
6.1.3 Mexico Market Overview
6.2 North America Steel Manufacturing Market Size by Type
6.3 North America Steel Manufacturing Market Size by Application
6.4 Top Players in North America Steel Manufacturing Market
7 Europe Market Overview
7.1 Europe Steel Manufacturing Market Size by Country
7.1.1 Germany Market Overview
7.1.2 France Market Overview
7.1.3 U.K. Market Overview
7.1.4 Italy Market Overview
7.1.5 Spain Market Overview
7.1.6 Sweden Market Overview
7.1.7 Denmark Market Overview
7.1.8 Netherlands Market Overview
7.1.9 Switzerland Market Overview
7.1.10 Belgium Market Overview
7.1.11 Russia Market Overview
7.2 Europe Steel Manufacturing Market Size by Type
7.3 Europe Steel Manufacturing Market Size by Application
7.4 Top Players in Europe Steel Manufacturing Market
8 Asia-Pacific Market Overview
8.1 Asia-Pacific Steel Manufacturing Market Size by Country
8.1.1 China Market Overview
8.1.2 Japan Market Overview
8.1.3 South Korea Market Overview
8.1.4 India Market Overview
8.1.5 Australia Market Overview
8.1.6 Indonesia Market Overview
8.1.7 Malaysia Market Overview
8.1.8 Philippines Market Overview
8.1.9 Singapore Market Overview
8.1.10 Thailand Market Overview
8.1.11 Rest of APAC Market Overview
8.2 Asia-Pacific Steel Manufacturing Market Size by Type
8.3 Asia-Pacific Steel Manufacturing Market Size by Application
8.4 Top Players in Asia-Pacific Steel Manufacturing Market
9 South America Market Overview
9.1 South America Steel Manufacturing Market Size by Country
9.1.1 Brazil Market Overview
9.1.2 Argentina Market Overview
9.1.3 Columbia Market Overview
9.2 South America Steel Manufacturing Market Size by Type
9.3 South America Steel Manufacturing Market Size by Application
9.4 Top Players in South America Steel Manufacturing Market
10 Middle East and Africa Market Overview
10.1 Middle East and Africa Steel Manufacturing Market Size by Country
10.1.1 Saudi Arabia Market Overview
10.1.2 UAE Market Overview
10.1.3 Egypt Market Overview
10.1.4 Nigeria Market Overview
10.1.5 South Africa Market Overview
10.2 Middle East and Africa Steel Manufacturing Market Size by Type
10.3 Middle East and Africa Steel Manufacturing Market Size by Application
10.4 Top Players in Middle East and Africa Steel Manufacturing Market
11 Steel Manufacturing Market Segmentation by Type
11.1 Evaluation Matrix of Segment Market Development Potential (Type)
11.2 Global Steel Manufacturing Sales Market Share by Type (2020-2033)
11.3 Global Steel Manufacturing Market Size Market Share by Type (2020-2033)
11.4 Global Steel Manufacturing Price by Type (2020-2033)
12 Steel Manufacturing Market Segmentation by Application
12.1 Evaluation Matrix of Segment Market Development Potential (Application)
12.2 Global Steel Manufacturing Market Sales by Application (2020-2033)
12.3 Global Steel Manufacturing Market Size (M USD) by Application (2020-2033)
12.4 Global Steel Manufacturing Sales Growth Rate by Application (2020-2033)
13 Company Profiles
13.1 China Baowu Group
13.1.1 China Baowu Group Company Overview
13.1.2 China Baowu Group Business Overview
13.1.3 China Baowu Group Steel Manufacturing Major Product Offerings
13.1.4 China Baowu Group Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.1.5 Key News
13.2 ArcelorMittal
13.2.1 ArcelorMittal Company Overview
13.2.2 ArcelorMittal Business Overview
13.2.3 ArcelorMittal Steel Manufacturing Major Product Offerings
13.2.4 ArcelorMittal Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.2.5 Key News
13.3 Ansteel Group
13.3.1 Ansteel Group Company Overview
13.3.2 Ansteel Group Business Overview
13.3.3 Ansteel Group Steel Manufacturing Major Product Offerings
13.3.4 Ansteel Group Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.3.5 Key News
13.4 Nippon Steel Corporation
13.4.1 Nippon Steel Corporation Company Overview
13.4.2 Nippon Steel Corporation Business Overview
13.4.3 Nippon Steel Corporation Steel Manufacturing Major Product Offerings
13.4.4 Nippon Steel Corporation Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.4.5 Key News
13.5 HBIS Group
13.5.1 HBIS Group Company Overview
13.5.2 HBIS Group Business Overview
13.5.3 HBIS Group Steel Manufacturing Major Product Offerings
13.5.4 HBIS Group Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.5.5 Key News
13.6 Shagang Group
13.6.1 Shagang Group Company Overview
13.6.2 Shagang Group Business Overview
13.6.3 Shagang Group Steel Manufacturing Major Product Offerings
13.6.4 Shagang Group Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.6.5 Key News
13.7 POSCO Holdings
13.7.1 POSCO Holdings Company Overview
13.7.2 POSCO Holdings Business Overview
13.7.3 POSCO Holdings Steel Manufacturing Major Product Offerings
13.7.4 POSCO Holdings Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.7.5 Key News
13.8 Jianlong Group
13.8.1 Jianlong Group Company Overview
13.8.2 Jianlong Group Business Overview
13.8.3 Jianlong Group Steel Manufacturing Major Product Offerings
13.8.4 Jianlong Group Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.8.5 Key News
13.9 Shougang Group
13.9.1 Shougang Group Company Overview
13.9.2 Shougang Group Business Overview
13.9.3 Shougang Group Steel Manufacturing Major Product Offerings
13.9.4 Shougang Group Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.9.5 Key News
13.10 Tata Steel Group
13.10.1 Tata Steel Group Company Overview
13.10.2 Tata Steel Group Business Overview
13.10.3 Tata Steel Group Steel Manufacturing Major Product Offerings
13.10.4 Tata Steel Group Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.10.5 Key News
13.11 Delong Steel
13.11.1 Delong Steel Company Overview
13.11.2 Delong Steel Business Overview
13.11.3 Delong Steel Steel Manufacturing Major Product Offerings
13.11.4 Delong Steel Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.11.5 Key News
13.12 JSW Steel Limited
13.12.1 JSW Steel Limited Company Overview
13.12.2 JSW Steel Limited Business Overview
13.12.3 JSW Steel Limited Steel Manufacturing Major Product Offerings
13.12.4 JSW Steel Limited Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.12.5 Key News
13.13 JFE Steel Corporation
13.13.1 JFE Steel Corporation Company Overview
13.13.2 JFE Steel Corporation Business Overview
13.13.3 JFE Steel Corporation Steel Manufacturing Major Product Offerings
13.13.4 JFE Steel Corporation Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.13.5 Key News
13.14 Hunan Steel Group
13.14.1 Hunan Steel Group Company Overview
13.14.2 Hunan Steel Group Business Overview
13.14.3 Hunan Steel Group Steel Manufacturing Major Product Offerings
13.14.4 Hunan Steel Group Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.14.5 Key News
13.15 Nucor Corporation
13.15.1 Nucor Corporation Company Overview
13.15.2 Nucor Corporation Business Overview
13.15.3 Nucor Corporation Steel Manufacturing Major Product Offerings
13.15.4 Nucor Corporation Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.15.5 Key News
13.16 Fangda Steel
13.16.1 Fangda Steel Company Overview
13.16.2 Fangda Steel Business Overview
13.16.3 Fangda Steel Steel Manufacturing Major Product Offerings
13.16.4 Fangda Steel Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.16.5 Key News
13.17 Shandong Steel Group
13.17.1 Shandong Steel Group Company Overview
13.17.2 Shandong Steel Group Business Overview
13.17.3 Shandong Steel Group Steel Manufacturing Major Product Offerings
13.17.4 Shandong Steel Group Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.17.5 Key News
13.18 Hyundai Steel
13.18.1 Hyundai Steel Company Overview
13.18.2 Hyundai Steel Business Overview
13.18.3 Hyundai Steel Steel Manufacturing Major Product Offerings
13.18.4 Hyundai Steel Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.18.5 Key News
13.19 Steel Authority of India Ltd. (SAIL)
13.19.1 Steel Authority of India Ltd. (SAIL) Company Overview
13.19.2 Steel Authority of India Ltd. (SAIL) Business Overview
13.19.3 Steel Authority of India Ltd. (SAIL) Steel Manufacturing Major Product Offerings
13.19.4 Steel Authority of India Ltd. (SAIL) Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.19.5 Key News
13.20 Rizhao Steel
13.20.1 Rizhao Steel Company Overview
13.20.2 Rizhao Steel Business Overview
13.20.3 Rizhao Steel Steel Manufacturing Major Product Offerings
13.20.4 Rizhao Steel Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.20.5 Key News
13.21 Liuzhou Iron and Steel
13.21.1 Liuzhou Iron and Steel Company Overview
13.21.2 Liuzhou Iron and Steel Business Overview
13.21.3 Liuzhou Iron and Steel Steel Manufacturing Major Product Offerings
13.21.4 Liuzhou Iron and Steel Steel Manufacturing Sales and Revenue fromSteel Manufacturing (2020-2025)
13.21.5 Key News
14 Key Market Trends, Opportunity, Drivers and Restraints
14.1 Key Takeway
14.2 Market Opportunities & Trends
14.3 Market Drivers
14.4 Market Restraints
14.5 Market Major Factor Assessment
14.6 Porter's Five Forces Analysis of Steel Manufacturing Market
14.7 PEST Analysis of Steel Manufacturing Market
15 Analysis of the Steel Manufacturing Industry Chain
15.1 Overview of the Industry Chain
15.2 Upstream Segment Analysis
15.3 Midstream Segment Analysis
15.3.1 Manufacturing, Processing or Conversion Process Analysis
15.3.2 Key Technology Analysis
15.4 Downstream Segment Analysis
15.4.1 Downstream Customer List and Contact Details
15.4.2 Customer Concerns or Preference Analysis
16 Conclusion
17 Appendix
17.1 Methodology
17.2 Research Process and Data Source
17.3 Disclaimer
17.4 Note
17.5 Examples of Clients
17.6 Disclaimer
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