North America Steel Market Summary, Competitive Analysis and Forecast to 2026
Summary
Steel in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The steel market consists of the production of crude steel in the stated country or region.
- The North American steel market had total revenues of $185.0 billion in 2021, representing a compound annual growth rate (CAGR) of 20.5% between 2016 and 2021.
- Market consumption volume increased with a CAGR of 1.3% between 2016 and 2021, to reach a total of 117.2 million tons in 2021.
- The market grew strongly in 2017 and 2018, largely due to growth in the construction and automotive industries.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the steel market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the steel market in North America
- 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 North America steel market with five year forecasts
- What was the size of the North America steel market by value in 2021?
- What will be the size of the North America steel market in 2026?
- What factors are affecting the strength of competition in the North America steel market?
- How has the market performed over the last five years?
- 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. How did the COVID-19 pandemic affect the industry?
- 7.5. What is the rationale for recent M&A activity?
- 8 Company Profiles
- 8.1. ArcelorMittal SA
- 8.2. United States Steel Corporation
- 8.3. Nucor Corp
- 8.4. Gerdau Long Steel North America
- 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: North America steel market value: $ billion, 2016–21
- Table 2: North America steel market volume: million tons, 2016–21
- Table 3: North America steel market geography segmentation: $ billion, 2021
- Table 4: North America steel market value forecast: $ billion, 2021–26
- Table 5: North America steel market volume forecast: million tons, 2021–26
- Table 6: North America steel market share: % share, by volume, 2021
- Table 7: ArcelorMittal SA: key facts
- Table 8: ArcelorMittal SA: Annual Financial Ratios
- Table 9: ArcelorMittal SA: Key Employees
- Table 10: ArcelorMittal SA: Key Employees Continued
- Table 11: ArcelorMittal SA: Key Employees Continued
- Table 12: United States Steel Corporation: key facts
- Table 13: United States Steel Corporation: Annual Financial Ratios
- Table 14: United States Steel Corporation: Key Employees
- Table 15: United States Steel Corporation: Key Employees Continued
- Table 16: Nucor Corp: key facts
- Table 17: Nucor Corp: Annual Financial Ratios
- Table 18: Nucor Corp: Key Employees
- Table 19: Nucor Corp: Key Employees Continued
- Table 20: Gerdau Long Steel North America: key facts
- Table 21: Gerdau Long Steel North America: Key Employees
- Table 22: North America exchange rate, 2017–21
- List of Figures
- Figure 1: North America steel market value: $ billion, 2016–21
- Figure 2: North America steel market volume: million tons, 2016–21
- Figure 3: North America steel market geography segmentation: % share, by value, 2021
- Figure 4: North America steel market value forecast: $ billion, 2021–26
- Figure 5: North America steel market volume forecast: million tons, 2021–26
- Figure 6: Forces driving competition in the steel market in North America, 2021
- Figure 7: Drivers of buyer power in the steel market in North America, 2021
- Figure 8: Drivers of supplier power in the steel market in North America, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the steel market in North America, 2021
- Figure 10: Factors influencing the threat of substitutes in the steel market in North America, 2021
- Figure 11: Drivers of degree of rivalry in the steel market in North America, 2021
- Figure 12: North America steel market share: % share, by volume, 2021
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