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Global Steel Market Research Report 2025
Published Date: March 2025
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Report Code: QYRE-Auto-26E9090
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Global Steel Market Insights and Forecast to 2028
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Global Steel Market Research Report 2025

Code: QYRE-Auto-26E9090
Report
March 2025
Pages:131
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

Steel Market Size

The global market for Steel was valued at US$ 1329590 million in the year 2024 and is projected to reach a revised size of US$ 1240510 million by 2031, growing at a CAGR of -1.0% during the forecast period.

Steel Market

Steel Market

Steel industry is one of the essential industries for the development of any community. In fact, it is really the base for numerous industries that could not have been established without steel industry. The European industrial revolution at the beginning of this century was actually founded on this industry. There are three basic routes to obtain finished steel products: (1) integrated steel production, (2) secondary processing, and (3) direct reduction. Integrated steel production involves transforming coal to coke in coke ovens, while iron ore is sintered or belletized prior to being fed into the blast furnace (BF). The ore is reduced in the blast furnace to obtain hot metal containing some 4% carbon and smaller quantities of other alloying elements. Next the hot metal is converted to steel in the basic oxygen furnace (BOF). Then, it is continuously cast to obtain semi-finished products, such as blooms, bars or slabs. These semi-finished products are rolled to the finished shapes of bars, sheet, rail, H or I beams. The secondary processing, often called minimills, starts with steel scrap which is melted in an electrical arc furnace (EAF). The molten steel produced is possibly treated in a ladle furnace and then continuously cast and finished in a rolling operation. Originally, minimills provided only lower grade products, especially reinforcing bars. But, they recently have been able to capture a growing segment of the steel market. An alternative mode of steel production is the direct reduction method. In this method, production starts with high grade Iron ore pellets which are reduced with natural gas to sponge pellets. Then, the sponge iron pellets are fed into an electrical arc furnace. The resulting steel is continuously cast and rolled into a final shape.
The global key manufacturers of Steel include China Baowu Group, ArcelorMittal and Nippon Steel Corporation, etc, top 3 manufacturers hold a share approximately 17%. China Baowu Group is the world's largest Steel manufacturer, with a market share of more than 8%. Americas, Europe and Asia Pacific are the major Steel market, they have a market share of more than 94%. Asia Pacific is the largest market with a share of 67%. In terms of product type, Carbon Steel is the largest market segment with a share of more than 87%. In terms of applications, Buildings and Infrastructure is the largest downstream segment, with a market share of about 45%.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Steel, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Steel.
The Steel market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Steel market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Steel manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation

Scope of Steel Market Report

Report Metric Details
Report Name Steel Market
Accounted market size in year US$ 1329590 million
Forecasted market size in 2031 US$ 1240510 million
Base Year year
Forecasted years 2025 - 2031
by Type
  • Carbon Steel
  • Alloy Steel
by Application
  • Buildings and Infrastructure
  • Automotive
  • Transportation
  • Energy
  • Steel Packaging
  • Mechanical Equipment
  • Domestic Appliances
  • Metal Products
  • Others
Production by Region
  • North America
  • Europe
  • APAC
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By Company China Baowu Group, ArcelorMittal, Ansteel Group, Nippon Steel Corporation, Shagang Group, POSCO, HBIS Group, Jianlong Group, Shougang Group, Tata Steel, Shandong Steel Group, Delong Steel Group, Hunan Steel Group, JFE Steel Corporation, JSW Steel Limited, Nucor Corporation, Fangda Steel, Hyundai Steel, Liuzhou Steel Group, IMIDRO, SAIL, Cleveland-Cliffs, Novolipetsk Steel (NLMK), Rizhao Steel Holding Group, CITIC Pacific, Techint Group, United States Steel Corporation, Shenglong Metallurgical, Baotou Steel Group, Jingye Group
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Detailed analysis of Steel manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 3: Production/output, value of Steel by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
  • Chapter 4: Consumption of Steel in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
  • Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
  • Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
  • Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
  • Chapter 10: The main points and conclusions of the report.

FAQ for this report

What is the Steel Market size in 2031?

Ans: The Steel Market size in 2031 will be US$ 1240510 million.

What is the market share of major companies in Steel Market?

Ans: The global key manufacturers of Steel include China Baowu Group, ArcelorMittal and Nippon Steel Corporation, etc, top 3 manufacturers hold a share approximately 17%.

What is the Steel Market share by region?

Ans: Asia Pacific is the largest market with a share of 67%.

What is the Steel Market share by type?

Ans: In terms of product type, Carbon Steel is the largest market segment with a share of more than 87%.

What is the Steel Market share by application?

Ans: In terms of applications, Buildings and Infrastructure is the largest downstream segment, with a market share of about 45%.

Who are the main players in the Steel Market report?

Ans: The main players in the Steel Market are China Baowu Group, ArcelorMittal, Ansteel Group, Nippon Steel Corporation, Shagang Group, POSCO, HBIS Group, Jianlong Group, Shougang Group, Tata Steel, Shandong Steel Group, Delong Steel Group, Hunan Steel Group, JFE Steel Corporation, JSW Steel Limited, Nucor Corporation, Fangda Steel, Hyundai Steel, Liuzhou Steel Group, IMIDRO, SAIL, Cleveland-Cliffs, Novolipetsk Steel (NLMK), Rizhao Steel Holding Group, CITIC Pacific, Techint Group, United States Steel Corporation, Shenglong Metallurgical, Baotou Steel Group, Jingye Group

What are the Application segmentation covered in the Steel Market report?

Ans: The Applications covered in the Steel Market report are Buildings and Infrastructure, Automotive, Transportation, Energy, Steel Packaging, Mechanical Equipment, Domestic Appliances, Metal Products, Others

What are the Type segmentation covered in the Steel Market report?

Ans: The Types covered in the Steel Market report are Carbon Steel, Alloy Steel

1 Steel Market Overview
1.1 Product Definition
1.2 Steel by Type
1.2.1 Global Steel Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Carbon Steel
1.2.3 Alloy Steel
1.3 Steel by Application
1.3.1 Global Steel Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Buildings and Infrastructure
1.3.3 Automotive
1.3.4 Transportation
1.3.5 Energy
1.3.6 Steel Packaging
1.3.7 Mechanical Equipment
1.3.8 Domestic Appliances
1.3.9 Metal Products
1.3.10 Others
1.4 Global Market Growth Prospects
1.4.1 Global Steel Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Steel Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Steel Production Estimates and Forecasts (2020-2031)
1.4.4 Global Steel Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Steel Production Market Share by Manufacturers (2020-2025)
2.2 Global Steel Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Steel, Industry Ranking, 2023 VS 2024
2.4 Global Steel Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Steel Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Steel, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Steel, Product Offered and Application
2.8 Global Key Manufacturers of Steel, Date of Enter into This Industry
2.9 Steel Market Competitive Situation and Trends
2.9.1 Steel Market Concentration Rate
2.9.2 Global 5 and 10 Largest Steel Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Steel Production by Region
3.1 Global Steel Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Steel Production Value by Region (2020-2031)
3.2.1 Global Steel Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Steel by Region (2026-2031)
3.3 Global Steel Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Steel Production Volume by Region (2020-2031)
3.4.1 Global Steel Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Steel by Region (2026-2031)
3.5 Global Steel Market Price Analysis by Region (2020-2025)
3.6 Global Steel Production and Value, Year-over-Year Growth
3.6.1 North America Steel Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Steel Production Value Estimates and Forecasts (2020-2031)
3.6.3 APAC Steel Production Value Estimates and Forecasts (2020-2031)
4 Steel Consumption by Region
4.1 Global Steel Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Steel Consumption by Region (2020-2031)
4.2.1 Global Steel Consumption by Region (2020-2025)
4.2.2 Global Steel Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Steel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Steel Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Steel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Steel Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Steel Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Steel Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Steel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Steel Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Steel Production by Type (2020-2031)
5.1.1 Global Steel Production by Type (2020-2025)
5.1.2 Global Steel Production by Type (2026-2031)
5.1.3 Global Steel Production Market Share by Type (2020-2031)
5.2 Global Steel Production Value by Type (2020-2031)
5.2.1 Global Steel Production Value by Type (2020-2025)
5.2.2 Global Steel Production Value by Type (2026-2031)
5.2.3 Global Steel Production Value Market Share by Type (2020-2031)
5.3 Global Steel Price by Type (2020-2031)
6 Segment by Application
6.1 Global Steel Production by Application (2020-2031)
6.1.1 Global Steel Production by Application (2020-2025)
6.1.2 Global Steel Production by Application (2026-2031)
6.1.3 Global Steel Production Market Share by Application (2020-2031)
6.2 Global Steel Production Value by Application (2020-2031)
6.2.1 Global Steel Production Value by Application (2020-2025)
6.2.2 Global Steel Production Value by Application (2026-2031)
6.2.3 Global Steel Production Value Market Share by Application (2020-2031)
6.3 Global Steel Price by Application (2020-2031)
7 Key Companies Profiled
7.1 China Baowu Group
7.1.1 China Baowu Group Steel Company Information
7.1.2 China Baowu Group Steel Product Portfolio
7.1.3 China Baowu Group Steel Production, Value, Price and Gross Margin (2020-2025)
7.1.4 China Baowu Group Main Business and Markets Served
7.1.5 China Baowu Group Recent Developments/Updates
7.2 ArcelorMittal
7.2.1 ArcelorMittal Steel Company Information
7.2.2 ArcelorMittal Steel Product Portfolio
7.2.3 ArcelorMittal Steel Production, Value, Price and Gross Margin (2020-2025)
7.2.4 ArcelorMittal Main Business and Markets Served
7.2.5 ArcelorMittal Recent Developments/Updates
7.3 Ansteel Group
7.3.1 Ansteel Group Steel Company Information
7.3.2 Ansteel Group Steel Product Portfolio
7.3.3 Ansteel Group Steel Production, Value, Price and Gross Margin (2020-2025)
7.3.4 Ansteel Group Main Business and Markets Served
7.3.5 Ansteel Group Recent Developments/Updates
7.4 Nippon Steel Corporation
7.4.1 Nippon Steel Corporation Steel Company Information
7.4.2 Nippon Steel Corporation Steel Product Portfolio
7.4.3 Nippon Steel Corporation Steel Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Nippon Steel Corporation Main Business and Markets Served
7.4.5 Nippon Steel Corporation Recent Developments/Updates
7.5 Shagang Group
7.5.1 Shagang Group Steel Company Information
7.5.2 Shagang Group Steel Product Portfolio
7.5.3 Shagang Group Steel Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Shagang Group Main Business and Markets Served
7.5.5 Shagang Group Recent Developments/Updates
7.6 POSCO
7.6.1 POSCO Steel Company Information
7.6.2 POSCO Steel Product Portfolio
7.6.3 POSCO Steel Production, Value, Price and Gross Margin (2020-2025)
7.6.4 POSCO Main Business and Markets Served
7.6.5 POSCO Recent Developments/Updates
7.7 HBIS Group
7.7.1 HBIS Group Steel Company Information
7.7.2 HBIS Group Steel Product Portfolio
7.7.3 HBIS Group Steel Production, Value, Price and Gross Margin (2020-2025)
7.7.4 HBIS Group Main Business and Markets Served
7.7.5 HBIS Group Recent Developments/Updates
7.8 Jianlong Group
7.8.1 Jianlong Group Steel Company Information
7.8.2 Jianlong Group Steel Product Portfolio
7.8.3 Jianlong Group Steel Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Jianlong Group Main Business and Markets Served
7.8.5 Jianlong Group Recent Developments/Updates
7.9 Shougang Group
7.9.1 Shougang Group Steel Company Information
7.9.2 Shougang Group Steel Product Portfolio
7.9.3 Shougang Group Steel Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Shougang Group Main Business and Markets Served
7.9.5 Shougang Group Recent Developments/Updates
7.10 Tata Steel
7.10.1 Tata Steel Steel Company Information
7.10.2 Tata Steel Steel Product Portfolio
7.10.3 Tata Steel Steel Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Tata Steel Main Business and Markets Served
7.10.5 Tata Steel Recent Developments/Updates
7.11 Shandong Steel Group
7.11.1 Shandong Steel Group Steel Company Information
7.11.2 Shandong Steel Group Steel Product Portfolio
7.11.3 Shandong Steel Group Steel Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Shandong Steel Group Main Business and Markets Served
7.11.5 Shandong Steel Group Recent Developments/Updates
7.12 Delong Steel Group
7.12.1 Delong Steel Group Steel Company Information
7.12.2 Delong Steel Group Steel Product Portfolio
7.12.3 Delong Steel Group Steel Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Delong Steel Group Main Business and Markets Served
7.12.5 Delong Steel Group Recent Developments/Updates
7.13 Hunan Steel Group
7.13.1 Hunan Steel Group Steel Company Information
7.13.2 Hunan Steel Group Steel Product Portfolio
7.13.3 Hunan Steel Group Steel Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Hunan Steel Group Main Business and Markets Served
7.13.5 Hunan Steel Group Recent Developments/Updates
7.14 JFE Steel Corporation
7.14.1 JFE Steel Corporation Steel Company Information
7.14.2 JFE Steel Corporation Steel Product Portfolio
7.14.3 JFE Steel Corporation Steel Production, Value, Price and Gross Margin (2020-2025)
7.14.4 JFE Steel Corporation Main Business and Markets Served
7.14.5 JFE Steel Corporation Recent Developments/Updates
7.15 JSW Steel Limited
7.15.1 JSW Steel Limited Steel Company Information
7.15.2 JSW Steel Limited Steel Product Portfolio
7.15.3 JSW Steel Limited Steel Production, Value, Price and Gross Margin (2020-2025)
7.15.4 JSW Steel Limited Main Business and Markets Served
7.15.5 JSW Steel Limited Recent Developments/Updates
7.16 Nucor Corporation
7.16.1 Nucor Corporation Steel Company Information
7.16.2 Nucor Corporation Steel Product Portfolio
7.16.3 Nucor Corporation Steel Production, Value, Price and Gross Margin (2020-2025)
7.16.4 Nucor Corporation Main Business and Markets Served
7.16.5 Nucor Corporation Recent Developments/Updates
7.17 Fangda Steel
7.17.1 Fangda Steel Steel Company Information
7.17.2 Fangda Steel Steel Product Portfolio
7.17.3 Fangda Steel Steel Production, Value, Price and Gross Margin (2020-2025)
7.17.4 Fangda Steel Main Business and Markets Served
7.17.5 Fangda Steel Recent Developments/Updates
7.18 Hyundai Steel
7.18.1 Hyundai Steel Steel Company Information
7.18.2 Hyundai Steel Steel Product Portfolio
7.18.3 Hyundai Steel Steel Production, Value, Price and Gross Margin (2020-2025)
7.18.4 Hyundai Steel Main Business and Markets Served
7.18.5 Hyundai Steel Recent Developments/Updates
7.19 Liuzhou Steel Group
7.19.1 Liuzhou Steel Group Steel Company Information
7.19.2 Liuzhou Steel Group Steel Product Portfolio
7.19.3 Liuzhou Steel Group Steel Production, Value, Price and Gross Margin (2020-2025)
7.19.4 Liuzhou Steel Group Main Business and Markets Served
7.19.5 Liuzhou Steel Group Recent Developments/Updates
7.20 IMIDRO
7.20.1 IMIDRO Steel Company Information
7.20.2 IMIDRO Steel Product Portfolio
7.20.3 IMIDRO Steel Production, Value, Price and Gross Margin (2020-2025)
7.20.4 IMIDRO Main Business and Markets Served
7.20.5 IMIDRO Recent Developments/Updates
7.21 SAIL
7.21.1 SAIL Steel Company Information
7.21.2 SAIL Steel Product Portfolio
7.21.3 SAIL Steel Production, Value, Price and Gross Margin (2020-2025)
7.21.4 SAIL Main Business and Markets Served
7.21.5 SAIL Recent Developments/Updates
7.22 Cleveland-Cliffs
7.22.1 Cleveland-Cliffs Steel Company Information
7.22.2 Cleveland-Cliffs Steel Product Portfolio
7.22.3 Cleveland-Cliffs Steel Production, Value, Price and Gross Margin (2020-2025)
7.22.4 Cleveland-Cliffs Main Business and Markets Served
7.22.5 Cleveland-Cliffs Recent Developments/Updates
7.23 Novolipetsk Steel (NLMK)
7.23.1 Novolipetsk Steel (NLMK) Steel Company Information
7.23.2 Novolipetsk Steel (NLMK) Steel Product Portfolio
7.23.3 Novolipetsk Steel (NLMK) Steel Production, Value, Price and Gross Margin (2020-2025)
7.23.4 Novolipetsk Steel (NLMK) Main Business and Markets Served
7.23.5 Novolipetsk Steel (NLMK) Recent Developments/Updates
7.24 Rizhao Steel Holding Group
7.24.1 Rizhao Steel Holding Group Steel Company Information
7.24.2 Rizhao Steel Holding Group Steel Product Portfolio
7.24.3 Rizhao Steel Holding Group Steel Production, Value, Price and Gross Margin (2020-2025)
7.24.4 Rizhao Steel Holding Group Main Business and Markets Served
7.24.5 Rizhao Steel Holding Group Recent Developments/Updates
7.25 CITIC Pacific
7.25.1 CITIC Pacific Steel Company Information
7.25.2 CITIC Pacific Steel Product Portfolio
7.25.3 CITIC Pacific Steel Production, Value, Price and Gross Margin (2020-2025)
7.25.4 CITIC Pacific Main Business and Markets Served
7.25.5 CITIC Pacific Recent Developments/Updates
7.26 Techint Group
7.26.1 Techint Group Steel Company Information
7.26.2 Techint Group Steel Product Portfolio
7.26.3 Techint Group Steel Production, Value, Price and Gross Margin (2020-2025)
7.26.4 Techint Group Main Business and Markets Served
7.26.5 Techint Group Recent Developments/Updates
7.27 United States Steel Corporation
7.27.1 United States Steel Corporation Steel Company Information
7.27.2 United States Steel Corporation Steel Product Portfolio
7.27.3 United States Steel Corporation Steel Production, Value, Price and Gross Margin (2020-2025)
7.27.4 United States Steel Corporation Main Business and Markets Served
7.27.5 United States Steel Corporation Recent Developments/Updates
7.28 Shenglong Metallurgical
7.28.1 Shenglong Metallurgical Steel Company Information
7.28.2 Shenglong Metallurgical Steel Product Portfolio
7.28.3 Shenglong Metallurgical Steel Production, Value, Price and Gross Margin (2020-2025)
7.28.4 Shenglong Metallurgical Main Business and Markets Served
7.28.5 Shenglong Metallurgical Recent Developments/Updates
7.29 Baotou Steel Group
7.29.1 Baotou Steel Group Steel Company Information
7.29.2 Baotou Steel Group Steel Product Portfolio
7.29.3 Baotou Steel Group Steel Production, Value, Price and Gross Margin (2020-2025)
7.29.4 Baotou Steel Group Main Business and Markets Served
7.29.5 Baotou Steel Group Recent Developments/Updates
7.30 Jingye Group
7.30.1 Jingye Group Steel Company Information
7.30.2 Jingye Group Steel Product Portfolio
7.30.3 Jingye Group Steel Production, Value, Price and Gross Margin (2020-2025)
7.30.4 Jingye Group Main Business and Markets Served
7.30.5 Jingye Group Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Steel Industry Chain Analysis
8.2 Steel Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Steel Production Mode & Process Analysis
8.4 Steel Sales and Marketing
8.4.1 Steel Sales Channels
8.4.2 Steel Distributors
8.5 Steel Customer Analysis
9 Steel Market Dynamics
9.1 Steel Industry Trends
9.2 Steel Market Drivers
9.3 Steel Market Challenges
9.4 Steel Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
List of Tables
 Table 1. Global Steel Market Value by Type, (US$ Million) & (2024 VS 2031)
 Table 2. Global Steel Market Value by Application, (US$ Million) & (2024 VS 2031)
 Table 3. Global Steel Production Capacity (K MT) by Manufacturers in 2024
 Table 4. Global Steel Production by Manufacturers (2020-2025) & (K MT)
 Table 5. Global Steel Production Market Share by Manufacturers (2020-2025)
 Table 6. Global Steel Production Value by Manufacturers (2020-2025) & (US$ Million)
 Table 7. Global Steel Production Value Share by Manufacturers (2020-2025)
 Table 8. Global Key Players of Steel, Industry Ranking, 2023 VS 2024
 Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Steel as of 2024)
 Table 10. Global Market Steel Average Price by Manufacturers (US$/MT) & (2020-2025)
 Table 11. Global Key Manufacturers of Steel, Manufacturing Base Distribution and Headquarters
 Table 12. Global Key Manufacturers of Steel, Product Offered and Application
 Table 13. Global Key Manufacturers of Steel, Date of Enter into This Industry
 Table 14. Global Steel Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 15. Mergers & Acquisitions, Expansion Plans
 Table 16. Global Steel Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 17. Global Steel Production Value (US$ Million) by Region (2020-2025)
 Table 18. Global Steel Production Value Market Share by Region (2020-2025)
 Table 19. Global Steel Production Value (US$ Million) Forecast by Region (2026-2031)
 Table 20. Global Steel Production Value Market Share Forecast by Region (2026-2031)
 Table 21. Global Steel Production Comparison by Region: 2020 VS 2024 VS 2031 (K MT)
 Table 22. Global Steel Production (K MT) by Region (2020-2025)
 Table 23. Global Steel Production Market Share by Region (2020-2025)
 Table 24. Global Steel Production (K MT) Forecast by Region (2026-2031)
 Table 25. Global Steel Production Market Share Forecast by Region (2026-2031)
 Table 26. Global Steel Market Average Price (US$/MT) by Region (2020-2025)
 Table 27. Global Steel Market Average Price (US$/MT) by Region (2026-2031)
 Table 28. Global Steel Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K MT)
 Table 29. Global Steel Consumption by Region (2020-2025) & (K MT)
 Table 30. Global Steel Consumption Market Share by Region (2020-2025)
 Table 31. Global Steel Forecasted Consumption by Region (2026-2031) & (K MT)
 Table 32. Global Steel Forecasted Consumption Market Share by Region (2026-2031)
 Table 33. North America Steel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K MT)
 Table 34. North America Steel Consumption by Country (2020-2025) & (K MT)
 Table 35. North America Steel Consumption by Country (2026-2031) & (K MT)
 Table 36. Europe Steel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K MT)
 Table 37. Europe Steel Consumption by Country (2020-2025) & (K MT)
 Table 38. Europe Steel Consumption by Country (2026-2031) & (K MT)
 Table 39. Asia Pacific Steel Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (K MT)
 Table 40. Asia Pacific Steel Consumption by Region (2020-2025) & (K MT)
 Table 41. Asia Pacific Steel Consumption by Region (2026-2031) & (K MT)
 Table 42. Latin America, Middle East & Africa Steel Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (K MT)
 Table 43. Latin America, Middle East & Africa Steel Consumption by Country (2020-2025) & (K MT)
 Table 44. Latin America, Middle East & Africa Steel Consumption by Country (2026-2031) & (K MT)
 Table 45. Global Steel Production (K MT) by Type (2020-2025)
 Table 46. Global Steel Production (K MT) by Type (2026-2031)
 Table 47. Global Steel Production Market Share by Type (2020-2025)
 Table 48. Global Steel Production Market Share by Type (2026-2031)
 Table 49. Global Steel Production Value (US$ Million) by Type (2020-2025)
 Table 50. Global Steel Production Value (US$ Million) by Type (2026-2031)
 Table 51. Global Steel Production Value Market Share by Type (2020-2025)
 Table 52. Global Steel Production Value Market Share by Type (2026-2031)
 Table 53. Global Steel Price (US$/MT) by Type (2020-2025)
 Table 54. Global Steel Price (US$/MT) by Type (2026-2031)
 Table 55. Global Steel Production (K MT) by Application (2020-2025)
 Table 56. Global Steel Production (K MT) by Application (2026-2031)
 Table 57. Global Steel Production Market Share by Application (2020-2025)
 Table 58. Global Steel Production Market Share by Application (2026-2031)
 Table 59. Global Steel Production Value (US$ Million) by Application (2020-2025)
 Table 60. Global Steel Production Value (US$ Million) by Application (2026-2031)
 Table 61. Global Steel Production Value Market Share by Application (2020-2025)
 Table 62. Global Steel Production Value Market Share by Application (2026-2031)
 Table 63. Global Steel Price (US$/MT) by Application (2020-2025)
 Table 64. Global Steel Price (US$/MT) by Application (2026-2031)
 Table 65. China Baowu Group Steel Company Information
 Table 66. China Baowu Group Steel Specification and Application
 Table 67. China Baowu Group Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 68. China Baowu Group Main Business and Markets Served
 Table 69. China Baowu Group Recent Developments/Updates
 Table 70. ArcelorMittal Steel Company Information
 Table 71. ArcelorMittal Steel Specification and Application
 Table 72. ArcelorMittal Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 73. ArcelorMittal Main Business and Markets Served
 Table 74. ArcelorMittal Recent Developments/Updates
 Table 75. Ansteel Group Steel Company Information
 Table 76. Ansteel Group Steel Specification and Application
 Table 77. Ansteel Group Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 78. Ansteel Group Main Business and Markets Served
 Table 79. Ansteel Group Recent Developments/Updates
 Table 80. Nippon Steel Corporation Steel Company Information
 Table 81. Nippon Steel Corporation Steel Specification and Application
 Table 82. Nippon Steel Corporation Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 83. Nippon Steel Corporation Main Business and Markets Served
 Table 84. Nippon Steel Corporation Recent Developments/Updates
 Table 85. Shagang Group Steel Company Information
 Table 86. Shagang Group Steel Specification and Application
 Table 87. Shagang Group Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 88. Shagang Group Main Business and Markets Served
 Table 89. Shagang Group Recent Developments/Updates
 Table 90. POSCO Steel Company Information
 Table 91. POSCO Steel Specification and Application
 Table 92. POSCO Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 93. POSCO Main Business and Markets Served
 Table 94. POSCO Recent Developments/Updates
 Table 95. HBIS Group Steel Company Information
 Table 96. HBIS Group Steel Specification and Application
 Table 97. HBIS Group Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 98. HBIS Group Main Business and Markets Served
 Table 99. HBIS Group Recent Developments/Updates
 Table 100. Jianlong Group Steel Company Information
 Table 101. Jianlong Group Steel Specification and Application
 Table 102. Jianlong Group Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 103. Jianlong Group Main Business and Markets Served
 Table 104. Jianlong Group Recent Developments/Updates
 Table 105. Shougang Group Steel Company Information
 Table 106. Shougang Group Steel Specification and Application
 Table 107. Shougang Group Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 108. Shougang Group Main Business and Markets Served
 Table 109. Shougang Group Recent Developments/Updates
 Table 110. Tata Steel Steel Company Information
 Table 111. Tata Steel Steel Specification and Application
 Table 112. Tata Steel Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 113. Tata Steel Main Business and Markets Served
 Table 114. Tata Steel Recent Developments/Updates
 Table 115. Shandong Steel Group Steel Company Information
 Table 116. Shandong Steel Group Steel Specification and Application
 Table 117. Shandong Steel Group Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 118. Shandong Steel Group Main Business and Markets Served
 Table 119. Shandong Steel Group Recent Developments/Updates
 Table 120. Delong Steel Group Steel Company Information
 Table 121. Delong Steel Group Steel Specification and Application
 Table 122. Delong Steel Group Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 123. Delong Steel Group Main Business and Markets Served
 Table 124. Delong Steel Group Recent Developments/Updates
 Table 125. Hunan Steel Group Steel Company Information
 Table 126. Hunan Steel Group Steel Specification and Application
 Table 127. Hunan Steel Group Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 128. Hunan Steel Group Main Business and Markets Served
 Table 129. Hunan Steel Group Recent Developments/Updates
 Table 130. JFE Steel Corporation Steel Company Information
 Table 131. JFE Steel Corporation Steel Specification and Application
 Table 132. JFE Steel Corporation Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 133. JFE Steel Corporation Main Business and Markets Served
 Table 134. JFE Steel Corporation Recent Developments/Updates
 Table 135. JSW Steel Limited Steel Company Information
 Table 136. JSW Steel Limited Steel Specification and Application
 Table 137. JSW Steel Limited Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 138. JSW Steel Limited Main Business and Markets Served
 Table 139. JSW Steel Limited Recent Developments/Updates
 Table 140. Nucor Corporation Steel Company Information
 Table 141. Nucor Corporation Steel Specification and Application
 Table 142. Nucor Corporation Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 143. Nucor Corporation Main Business and Markets Served
 Table 144. Nucor Corporation Recent Developments/Updates
 Table 145. Fangda Steel Steel Company Information
 Table 146. Fangda Steel Steel Specification and Application
 Table 147. Fangda Steel Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 148. Fangda Steel Main Business and Markets Served
 Table 149. Fangda Steel Recent Developments/Updates
 Table 150. Hyundai Steel Steel Company Information
 Table 151. Hyundai Steel Steel Specification and Application
 Table 152. Hyundai Steel Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 153. Hyundai Steel Main Business and Markets Served
 Table 154. Hyundai Steel Recent Developments/Updates
 Table 155. Liuzhou Steel Group Steel Company Information
 Table 156. Liuzhou Steel Group Steel Specification and Application
 Table 157. Liuzhou Steel Group Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 158. Liuzhou Steel Group Main Business and Markets Served
 Table 159. Liuzhou Steel Group Recent Developments/Updates
 Table 160. IMIDRO Steel Company Information
 Table 161. IMIDRO Steel Specification and Application
 Table 162. IMIDRO Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 163. IMIDRO Main Business and Markets Served
 Table 164. IMIDRO Recent Developments/Updates
 Table 165. SAIL Steel Company Information
 Table 166. SAIL Steel Specification and Application
 Table 167. SAIL Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 168. SAIL Main Business and Markets Served
 Table 169. SAIL Recent Developments/Updates
 Table 170. Cleveland-Cliffs Steel Company Information
 Table 171. Cleveland-Cliffs Steel Specification and Application
 Table 172. Cleveland-Cliffs Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 173. Cleveland-Cliffs Main Business and Markets Served
 Table 174. Cleveland-Cliffs Recent Developments/Updates
 Table 175. Novolipetsk Steel (NLMK) Steel Company Information
 Table 176. Novolipetsk Steel (NLMK) Steel Specification and Application
 Table 177. Novolipetsk Steel (NLMK) Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 178. Novolipetsk Steel (NLMK) Main Business and Markets Served
 Table 179. Novolipetsk Steel (NLMK) Recent Developments/Updates
 Table 180. Rizhao Steel Holding Group Steel Company Information
 Table 181. Rizhao Steel Holding Group Steel Specification and Application
 Table 182. Rizhao Steel Holding Group Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 183. Rizhao Steel Holding Group Main Business and Markets Served
 Table 184. Rizhao Steel Holding Group Recent Developments/Updates
 Table 185. CITIC Pacific Steel Company Information
 Table 186. CITIC Pacific Steel Specification and Application
 Table 187. CITIC Pacific Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 188. CITIC Pacific Main Business and Markets Served
 Table 189. CITIC Pacific Recent Developments/Updates
 Table 190. Techint Group Steel Company Information
 Table 191. Techint Group Steel Specification and Application
 Table 192. Techint Group Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 193. Techint Group Main Business and Markets Served
 Table 194. Techint Group Recent Developments/Updates
 Table 195. United States Steel Corporation Steel Company Information
 Table 196. United States Steel Corporation Steel Specification and Application
 Table 197. United States Steel Corporation Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 198. United States Steel Corporation Main Business and Markets Served
 Table 199. United States Steel Corporation Recent Developments/Updates
 Table 200. Shenglong Metallurgical Steel Company Information
 Table 201. Shenglong Metallurgical Steel Specification and Application
 Table 202. Shenglong Metallurgical Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 203. Shenglong Metallurgical Main Business and Markets Served
 Table 204. Shenglong Metallurgical Recent Developments/Updates
 Table 205. Baotou Steel Group Steel Company Information
 Table 206. Baotou Steel Group Steel Specification and Application
 Table 207. Baotou Steel Group Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 208. Baotou Steel Group Main Business and Markets Served
 Table 209. Baotou Steel Group Recent Developments/Updates
 Table 210. Jingye Group Steel Company Information
 Table 211. Jingye Group Steel Specification and Application
 Table 212. Jingye Group Steel Production (K MT), Value (US$ Million), Price (US$/MT) and Gross Margin (2020-2025)
 Table 213. Jingye Group Main Business and Markets Served
 Table 214. Jingye Group Recent Developments/Updates
 Table 215. Key Raw Materials Lists
 Table 216. Raw Materials Key Suppliers Lists
 Table 217. Steel Distributors List
 Table 218. Steel Customers List
 Table 219. Steel Market Trends
 Table 220. Steel Market Drivers
 Table 221. Steel Market Challenges
 Table 222. Steel Market Restraints
 Table 223. Research Programs/Design for This Report
 Table 224. Key Data Information from Secondary Sources
 Table 225. Key Data Information from Primary Sources
 Table 226. Authors List of This Report


List of Figures
 Figure 1. Product Picture of Steel
 Figure 2. Global Steel Market Value by Type, (US$ Million) & (2020-2031)
 Figure 3. Global Steel Market Share by Type: 2024 VS 2031
 Figure 4. Carbon Steel Product Picture
 Figure 5. Alloy Steel Product Picture
 Figure 6. Global Steel Market Value by Application, (US$ Million) & (2020-2031)
 Figure 7. Global Steel Market Share by Application: 2024 VS 2031
 Figure 8. Buildings and Infrastructure
 Figure 9. Automotive
 Figure 10. Transportation
 Figure 11. Energy
 Figure 12. Steel Packaging
 Figure 13. Mechanical Equipment
 Figure 14. Domestic Appliances
 Figure 15. Metal Products
 Figure 16. Others
 Figure 17. Global Steel Production Value (US$ Million), 2020 VS 2024 VS 2031
 Figure 18. Global Steel Production Value (US$ Million) & (2020-2031)
 Figure 19. Global Steel Production Capacity (K MT) & (2020-2031)
 Figure 20. Global Steel Production (K MT) & (2020-2031)
 Figure 21. Global Steel Average Price (US$/MT) & (2020-2031)
 Figure 22. Steel Report Years Considered
 Figure 23. Steel Production Share by Manufacturers in 2024
 Figure 24. Global Steel Production Value Share by Manufacturers (2024)
 Figure 25. Steel Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 26. The Global 5 and 10 Largest Players: Market Share by Steel Revenue in 2024
 Figure 27. Global Steel Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Figure 28. Global Steel Production Value Market Share by Region: 2020 VS 2024 VS 2031
 Figure 29. Global Steel Production Comparison by Region: 2020 VS 2024 VS 2031 (K MT)
 Figure 30. Global Steel Production Market Share by Region: 2020 VS 2024 VS 2031
 Figure 31. North America Steel Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 32. Europe Steel Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 33. APAC Steel Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 34. Global Steel Consumption by Region: 2020 VS 2024 VS 2031 (K MT)
 Figure 35. Global Steel Consumption Market Share by Region: 2020 VS 2024 VS 2031
 Figure 36. North America Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 37. North America Steel Consumption Market Share by Country (2020-2031)
 Figure 38. U.S. Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 39. Canada Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 40. Europe Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 41. Europe Steel Consumption Market Share by Country (2020-2031)
 Figure 42. Germany Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 43. France Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 44. U.K. Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 45. Italy Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 46. Russia Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 47. Asia Pacific Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 48. Asia Pacific Steel Consumption Market Share by Region (2020-2031)
 Figure 49. China Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 50. Japan Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 51. South Korea Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 52. China Taiwan Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 53. Southeast Asia Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 54. India Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 55. Latin America, Middle East & Africa Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 56. Latin America, Middle East & Africa Steel Consumption Market Share by Country (2020-2031)
 Figure 57. Mexico Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 58. Brazil Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 59. Turkey Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 60. GCC Countries Steel Consumption and Growth Rate (2020-2031) & (K MT)
 Figure 61. Global Production Market Share of Steel by Type (2020-2031)
 Figure 62. Global Production Value Market Share of Steel by Type (2020-2031)
 Figure 63. Global Steel Price (US$/MT) by Type (2020-2031)
 Figure 64. Global Production Market Share of Steel by Application (2020-2031)
 Figure 65. Global Production Value Market Share of Steel by Application (2020-2031)
 Figure 66. Global Steel Price (US$/MT) by Application (2020-2031)
 Figure 67. Steel Value Chain
 Figure 68. Channels of Distribution (Direct Vs Distribution)
 Figure 69. Bottom-up and Top-down Approaches for This Report
 Figure 70. Data Triangulation
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