Global Steel industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Steel market consists of the production of crude steel in the stated country or region. Crude steel production refers to the production of the first solid steel products upon solidification of liquid steel. It includes ingots (in conventional mills) and semis (in modern mills with continuous casting facilities). Crude steel also includes liquid steel, which goes into the production of steel castings.
The global steel market recorded revenues of $1,593,697.2 million in 2023, representing a compound annual growth rate (CAGR) of 6.7% between 2018 and 2023.
Market production volume increased with a CAGR of 0.8% between 2018 and 2023, reaching a total of 1,813,097.1 thousand tonnes in 2023.
The increase in real Gross Value Added (GVA) in industry annual growth has been a key driver for the steel market. In 2023, the Chinese real GVA in the industrial sector grew by 5.3%, according to the United Nations Statistics Division (UNSTAT). This rise in industrial activity led to higher steel consumption for machinery, equipment, and construction materials.
Scope
Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the steel market in the global
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global steel market
Leading company profiles reveal details of key steel market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Global steel market with five year forecasts
Reasons to Buy
What was the size of the Global steel market by value in 2023?
What will be the size of the Global steel market in 2028?
What factors are affecting the strength of competition in the Global steel market?
How has the market performed over the last five years?
What are the main segments that make up the global's steel market?
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market share
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What are the most recent market developments?
8 Company Profiles
8.1. China Baowu Steel Group Corp Ltd
8.2. Nippon Steel Corp
8.3. Ansteel Group Corp Ltd
8.4. ArcelorMittal SA
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Global steel market value: $ million, 2018-23
Table 2: Global steel market volume: thousand tonnes, 2018-23
Table 3: Global steel market geography segmentation: $ million, 2023
Table 4: Global steel market value forecast: $ million, 2023-28
Table 5: Global steel market volume forecast: thousand tonnes, 2023-28
Table 6: Global steel market share: % share, by volume, 2023
Table 7: China Baowu Steel Group Corp Ltd: Key Facts
Table 8: China Baowu Steel Group Corp Ltd: Key Employees