Global Steel Products Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Steel Products Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Steel products are the following products primarily made of steel, which is an alloy of iron and carbon, containing less than 2% carbon and 1% manganese and small amounts of silicon, phosphorus, sulfur and oxygen. Steel Products are stronger and more resistant to fracture than other forms of iron. Steel is one of the most important materials in the world, so Steel Products is involved in a wide range of fields, including construction, infrastructure, machinery and equipment, household appliances, weapons, automobiles and a growing number of aerospace and other transportation fields.

Market Overview:

The latest research study on the global Steel Products market finds that the global Steel Products market reached a value of USD 1215127.91 million in 2022. It’s expected that the market will achieve USD 1407526.87 million by 2028, exhibiting a CAGR of 2.48% during the forecast period.

The downstream industry is developing rapidly

In recent years, the promotion of large-scale production and mechanization in various industries around the world has driven the rapid development of construction machinery, manufacturing machinery, agricultural machinery, and handling machinery. At the same time, affected by factors such as the gradual improvement of production technology requirements and the gradual increase of labor costs, the degree of mechanization will be further enhanced. The machinery industry is expected to maintain long-term rapid growth and drive the demand for steel products. In addition, the automobile industry has shown a fast development trend in recent years. The development of new energy vehicles will promote the long-term growth of the automobile industry, and then drive the demand for high-end steel products.

Region Overview:

Asia Pacific had the highest growth rate of all regions

Company Overview:

China Baowu Steel Group Corporation Limited manufactures and distributes steel products. The Company produces strip steels, steel plates, hot rolled steels, cold rolled steels, steel wires, and more. China Baowu Steel Group also operates new materials, intelligent services, industrial finance, and other businesses.

Segmentation Overview:

By type, Carbon Steel segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Construction segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Steel Products market covered in Chapter 3:

Nucor Corporation
NLMK Group
Hyundai Steel
Shagang Group
Nippon Steel and Sumitomo Metal
ThyssenKrupp
Valin Steel Group
Shandong Iron & Steel Group
Hesteel Group
Gerdau
JFE Steel Corporation
POSCO
Tata Steel
Shougang Group
Jianlong Heavy Industry Group
ArcelorMittal
China Baowu Steel Group
Ansteel Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Steel Products market from 2018 to 2029 is primarily split into:

Carbon Steel
Stainless Steel

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Steel Products market from 2018 to 2029 covers:

Construction
Automotive
Transportation
Energy
Machinery
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)