Global Crude Steel Market Growth 2025-2031

Global Crude Steel Market Growth 2025-2031

The global Crude Steel market size is predicted to grow from US$ 1308710 million in 2025 to US$ 1601600 million in 2031; it is expected to grow at a CAGR of 3.4% from 2025 to 2031.

The crude steel market represents the supply of and demand for the crude steel products operated by independent crude steel products producers and integrated steel companies alike. The term “crude steel” is internationally used to mean the first solid steel product upon solidification of liquid steel, including ingots from conventional mills and semis (e.g., slab, billet and blooms) from continuous casters, suitable for further processing or for sale. The term “crude steel” is synonymous with the terms “raw steel” commonly used by manufacturers and third-party analysts in this industry.

Global Crude Steel includes China Baowu Group and ArcelorMittal S.A., etc. Global top two companies hold a share over 10%. Asia is the largest market, with a share about 70%, followed by Europe and North America with the share about 10% and 7%.

LP Information, Inc. (LPI) ' newest research report, the “Crude Steel Industry Forecast” looks at past sales and reviews total world Crude Steel sales in 2024, providing a comprehensive analysis by region and market sector of projected Crude Steel sales for 2025 through 2031. With Crude Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Crude Steel industry.

This Insight Report provides a comprehensive analysis of the global Crude Steel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Crude Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Crude Steel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Crude Steel and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Crude Steel.

This report presents a comprehensive overview, market shares, and growth opportunities of Crude Steel market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Fully Deoxidized Steel
Semi Deoxidized Steel
Not Deoxidized Steel

Segmentation by Application:
Construction
Automotive
Transportation
Energy
Packaging
Tools and Machinery
Consumer Appliances
Metal Product
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
China Baowu Group
ArcelorMittal S.A.
Hesteel Group
Shagang Group
POSCO
Nippon Steel
Ansteel Group
Jianlong Heavy Industry Group
Shougang Group
Shandong Steel Group
Delong Steel Group
Tata Steel
Valin Group
JFE Group
Nucor Corporation
Hyundai Steel
Fangda Steel
IMIDRO
Benxi Steel
Liuzhou Steel
Jingye Steel
Novolipetsk Steel
Baotou Iron & Steel
SAIL
JSW Steel
Rizhao Steel
Sinogiant Group
China Steel Corporation
CITIC Pacific
EVRAZ

Key Questions Addressed in this Report

What is the 10-year outlook for the global Crude Steel market?

What factors are driving Crude Steel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Crude Steel market opportunities vary by end market size?

How does Crude Steel break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.