Steel Global Industry Almanac 2019-2028
Summary
Global Steel industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume , 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.
- Market volume refers to the production volume. Market value is calculated by multiplying market volume with the production price.
- All market data and forecasts are adjusted for inflation and all currency conversions used in the creation of this report have been calculated using yearly annual average exchange rates.
- The global steel market recorded revenues of $15,93,697.2 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 18,13,097.1 thousand tons 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.
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the global steel market
- 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 by both value and volume
- 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?
- Who are the top competitors in the global 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. Competitive landscape
- 2 Introduction
- 2.1. What is this report about?
- 2.2. Who is the target reader?
- 2.3. How to use this report
- 2.4. Definitions
- 3 Global Steel
- 3.1. Market Overview
- 3.2. Market Data
- 3.3. Market Segmentation
- 3.4. Market outlook
- 3.5. Five forces analysis
- 4 Macroeconomic Indicators
- 4.1. Country data
- 5 Steel in Asia-Pacific
- 5.1. Market Overview
- 5.2. Market Data
- 5.3. Market Segmentation
- 5.4. Market outlook
- 5.5. Five forces analysis
- 6 Steel in Europe
- 6.1. Market Overview
- 6.2. Market Data
- 6.3. Market Segmentation
- 6.4. Market outlook
- 6.5. Five forces analysis
- 7 Macroeconomic Indicators
- 7.1. Country data
- 8 Steel in France
- 8.1. Market Overview
- 8.2. Market Data
- 8.3. Market Segmentation
- 8.4. Market outlook
- 8.5. Five forces analysis
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Steel in Germany
- 10.1. Market Overview
- 10.2. Market Data
- 10.3. Market Segmentation
- 10.4. Market outlook
- 10.5. Five forces analysis
- 11 Macroeconomic Indicators
- 11.1. Country data
- 12 Steel in Australia
- 12.1. Market Overview
- 12.2. Market Data
- 12.3. Market Segmentation
- 12.4. Market outlook
- 12.5. Five forces analysis
- 13 Macroeconomic Indicators
- 13.1. Country data
- 14 Steel in Brazil
- 14.1. Market Overview
- 14.2. Market Data
- 14.3. Market Segmentation
- 14.4. Market outlook
- 14.5. Five forces analysis
- 15 Macroeconomic Indicators
- 15.1. Country data
- 16 Steel in Canada
- 16.1. Market Overview
- 16.2. Market Data
- 16.3. Market Segmentation
- 16.4. Market outlook
- 16.5. Five forces analysis
- 17 Macroeconomic Indicators
- 17.1. Country data
- 18 Steel in China
- 18.1. Market Overview
- 18.2. Market Data
- 18.3. Market Segmentation
- 18.4. Market outlook
- 18.5. Five forces analysis
- 19 Macroeconomic Indicators
- 19.1. Country data
- 20 Steel in India
- 20.1. Market Overview
- 20.2. Market Data
- 20.3. Market Segmentation
- 20.4. Market outlook
- 20.5. Five forces analysis
- 21 Macroeconomic Indicators
- 21.1. Country data
- 22 Steel in Indonesia
- 22.1. Market Overview
- 22.2. Market Data
- 22.3. Market Segmentation
- 22.4. Market outlook
- 22.5. Five forces analysis
- 23 Macroeconomic Indicators
- 23.1. Country data
- 24 Steel in Italy
- 24.1. Market Overview
- 24.2. Market Data
- 24.3. Market Segmentation
- 24.4. Market outlook
- 24.5. Five forces analysis
- 25 Macroeconomic Indicators
- 25.1. Country data
- 26 Steel in Japan
- 26.1. Market Overview
- 26.2. Market Data
- 26.3. Market Segmentation
- 26.4. Market outlook
- 26.5. Five forces analysis
- 27 Macroeconomic Indicators
- 27.1. Country data
- 28 Steel in Mexico
- 28.1. Market Overview
- 28.2. Market Data
- 28.3. Market Segmentation
- 28.4. Market outlook
- 28.5. Five forces analysis
- 29 Macroeconomic Indicators
- 29.1. Country data
- 30 Steel in The Netherlands
- 30.1. Market Overview
- 30.2. Market Data
- 30.3. Market Segmentation
- 30.4. Market outlook
- 30.5. Five forces analysis
- 31 Macroeconomic Indicators
- 31.1. Country data
- 32 Steel in North America
- 32.1. Market Overview
- 32.2. Market Data
- 32.3. Market Segmentation
- 32.4. Market outlook
- 32.5. Five forces analysis
- 33 Steel in Russia
- 33.1. Market Overview
- 33.2. Market Data
- 33.3. Market Segmentation
- 33.4. Market outlook
- 33.5. Five forces analysis
- 34 Macroeconomic Indicators
- 34.1. Country data
- 35 Steel in Scandinavia
- 35.1. Market Overview
- 35.2. Market Data
- 35.3. Market Segmentation
- 35.4. Market outlook
- 35.5. Five forces analysis
- 36 Steel in Singapore
- 36.1. Market Overview
- 36.2. Market Data
- 36.3. Market Segmentation
- 36.4. Market outlook
- 36.5. Five forces analysis
- 37 Macroeconomic Indicators
- 37.1. Country data
- 38 Steel in South Africa
- 38.1. Market Overview
- 38.2. Market Data
- 38.3. Market Segmentation
- 38.4. Market outlook
- 38.5. Five forces analysis
- 39 Macroeconomic Indicators
- 39.1. Country data
- 40 Steel in South Korea
- 40.1. Market Overview
- 40.2. Market Data
- 40.3. Market Segmentation
- 40.4. Market outlook
- 40.5. Five forces analysis
- 41 Macroeconomic Indicators
- 41.1. Country data
- 42 Steel in Spain
- 42.1. Market Overview
- 42.2. Market Data
- 42.3. Market Segmentation
- 42.4. Market outlook
- 42.5. Five forces analysis
- 43 Macroeconomic Indicators
- 43.1. Country data
- 44 Steel in Turkey
- 44.1. Market Overview
- 44.2. Market Data
- 44.3. Market Segmentation
- 44.4. Market outlook
- 44.5. Five forces analysis
- 45 Macroeconomic Indicators
- 45.1. Country data
- 46 Steel in The United Kingdom
- 46.1. Market Overview
- 46.2. Market Data
- 46.3. Market Segmentation
- 46.4. Market outlook
- 46.5. Five forces analysis
- 47 Macroeconomic Indicators
- 47.1. Country data
- 48 Steel in The United States
- 48.1. Market Overview
- 48.2. Market Data
- 48.3. Market Segmentation
- 48.4. Market outlook
- 48.5. Five forces analysis
- 49 Macroeconomic Indicators
- 49.1. Country data
- 50 Company Profiles
- 50.1. China Baowu Steel Group Corp Ltd
- 50.2. ArcelorMittal SA
- 50.3. Nippon Steel Corp
- 50.4. Ansteel Group Corp Ltd
- 50.5. JSW Steel Ltd
- 50.6. Tata Steel Ltd
- 50.7. ThyssenKrupp AG
- 50.8. Tata Steel Europe Ltd
- 50.9. Grupo Celsa
- 50.10. Aperam SA
- 50.11. Vallourec SA
- 50.12. Salzgitter AG
- 50.13. Saarstahl AG
- 50.14. BlueScope Steel Ltd
- 50.15. Liberty Steel Group
- 50.16. Bisalloy Steel Group Ltd
- 50.17. Gerdau SA
- 50.18. Companhia Siderurgica Nacional
- 50.19. Usinas Siderurgicas de Minas Gerais SA
- 50.20. Stelco Holdings Inc
- 50.21. Evraz Plc
- 50.22. China Steel Corp
- 50.23. HBIS Group Co Ltd
- 50.24. Anshan Iron and Steel Group Co Ltd
- 50.25. Jindal Steel & Power Ltd
- 50.26. Steel Authority of India Ltd
- 50.27. PT Krakatau Steel Persero Tbk
- 50.28. Gunung Steel Group
- 50.29. PT Gunung Raja Paksi Tbk
- 50.30. PT Jindal Stainless Indonesia
- 50.31. Marcegaglia Steel SpA
- 50.32. Danieli & C. Officine Meccaniche SpA
- 50.33. Arvedi Group
- 50.34. JFE Holdings Inc
- 50.35. Kobe Steel Ltd
- 50.36. Industrias CH SAB de CV
- 50.37. Altos Hornos de Mexico SAB de CV
- 50.38. Ternium SA
- 50.39. Van Merksteijn International BV
- 50.40. United States Steel Corp
- 50.41. Steel Dynamics Inc
- 50.42. Nucor Corp
- 50.43. Magnitogorsk Metallurgicheskiy Kombinat
- 50.44. Novolipetsk Steel
- 50.45. Severstal
- 50.46. SSAB AB
- 50.47. BE Group AB
- 50.48. Outokumpu Oyj
- 50.49. ArcelorMittal South Africa Ltd
- 50.50. Columbus Stainless (Pty) Ltd
- 50.51. Evraz Highveld Steel and Vanadium Ltd
- 50.52. POSCO Holdings Inc
- 50.53. Hyundai Steel Co
- 50.54. KG Dongbu Steel Co Ltd
- 50.55. Dongkuk Steel Mill Co Ltd
- 50.56. Acerinox SA
- 50.57. Eregli Demir ve Celik Fabrikalari TAS
- 50.58. Icdas Celik Enerji Tersane ve Ulasim Sanayi AS
- 50.59. Habas Group
- 50.60. Tosyali Holding AS
- 50.61. British Steel Ltd
- 51 Appendix
- 51.1. Methodology
- 51.2. 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 share: % share, by volume, 2023
- Table 5: Global steel market value forecast: $ million, 2023-28
- Table 6: Global steel market volume forecast: thousand tonnes, 2023-28
- Table 7: Global Size of Population (million), 2019-23
- Table 8: Global real GDP (Constant 2010 Prices, $ billion), 2019-23
- Table 9: Global GDP (Current Prices, $ Billion), 2019-23
- Table 10: Global Inflation, 2019-23
- Table 11: Global Consumer Price Index (Absolute), 2019-23
- Table 12: Global exchange rate, 2018-23
- Table 13: Asia-Pacific steel market value: $ million, 2018-23
- Table 14: Asia-Pacific steel market volume: thousand tonnes, 2018-23
- Table 15: Asia-Pacific steel market geography segmentation: $ million, 2023
- Table 16: Asia-Pacific steel market value forecast: $ million, 2023-28
- Table 17: Asia-Pacific steel market volume forecast: thousand tonnes, 2023-28
- Table 18: Europe steel market value: $ million, 2018-23
- Table 19: Europe steel market volume: thousand tonnes, 2018-23
- Table 20: Europe steel market geography segmentation: $ million, 2023
- Table 21: Europe steel market value forecast: $ million, 2023-28
- Table 22: Europe steel market volume forecast: thousand tonnes, 2023-28
- Table 23: Europe Size of Population (million), 2019-23
- Table 24: Europe real GDP (Constant 2010 Prices, $ billion), 2019-23
- Table 25: Europe GDP (Current Prices, $ Billion), 2019-23
- Table 26: Europe Inflation, 2019-23
- Table 27: Europe Consumer Price Index (Absolute), 2019-23
- Table 28: Europe exchange rate, 2018-23
- Table 29: France steel market value: $ million, 2018-23
- Table 30: France steel market volume: thousand tonnes, 2018-23
- Table 31: France steel market geography segmentation: $ million, 2023
- Table 32: France steel market value forecast: $ million, 2023-28
- Table 33: France steel market volume forecast: thousand tonnes, 2023-28
- Table 34: France Size of Population (million), 2019-23
- Table 35: France real GDP (Constant 2010 Prices, $ billion), 2019-23
- Table 36: France GDP (Current Prices, $ Billion), 2019-23
- Table 37: France Inflation, 2019-23
- Table 38: France Consumer Price Index (Absolute), 2019-23
- Table 39: France exchange rate, 2018-23
- Table 40: Germany steel market value: $ million, 2018-23
- Table 41: Germany steel market volume: thousand tonnes, 2018-23
- Table 42: Germany steel market geography segmentation: $ million, 2023
- Table 43: Germany steel market value forecast: $ million, 2023-28
- Table 44: Germany steel market volume forecast: thousand tonnes, 2023-28
- Table 45: Germany Size of Population (million), 2019-23
- Table 46: Germany real GDP (Constant 2010 Prices, $ billion), 2019-23
- Table 47: Germany GDP (Current Prices, $ Billion), 2019-23
- Table 48: Germany Inflation, 2019-23
- Table 49: Germany Consumer Price Index (Absolute), 2019-23
- Table 50: Germany exchange rate, 2018-23
- Table 51: Australia steel market value: $ million, 2018-23
- Table 52: Australia steel market volume: thousand tonnes, 2018-23
- Table 53: Australia steel market geography segmentation: $ million, 2023
- Table 54: Australia steel market value forecast: $ million, 2023-28
- Table 55: Australia steel market volume forecast: thousand tonnes, 2023-28
- Table 56: Australia Size of Population (million), 2019-23
- Table 57: Australia real GDP (Constant 2010 Prices, $ billion), 2019-23
- Table 58: Australia GDP (Current Prices, $ Billion), 2019-23
- Table 59: Australia Inflation, 2019-23
- Table 60: Australia Consumer Price Index (Absolute), 2019-23
- Table 61: Australia exchange rate, 2018-23
- Table 62: Brazil steel market value: $ million, 2018-23
- Table 63: Brazil steel market volume: thousand tonnes, 2018-23
- Table 64: Brazil steel market geography segmentation: $ million, 2023
- Table 65: Brazil steel market value forecast: $ million, 2023-28
- Table 66: Brazil steel market volume forecast: thousand tonnes, 2023-28
- Table 67: Brazil Size of Population (million), 2019-23
- Table 68: Brazil real GDP (Constant 2010 Prices, $ billion), 2019-23
- Table 69: Brazil GDP (Current Prices, $ Billion), 2019-23
- Table 70: Brazil Inflation, 2019-23
- Table 71: Brazil Consumer Price Index (Absolute), 2019-23
- Table 72: Brazil exchange rate, 2018-23
- Table 73: Canada steel market value: $ million, 2018-23
- Table 74: Canada steel market volume: thousand tonnes, 2018-23
- Table 75: Canada steel market geography segmentation: $ million, 2023
- Table 76: Canada steel market value forecast: $ million, 2023-28
- Table 77: Canada steel market volume forecast: thousand tonnes, 2023-28
- Table 78: Canada Size of Population (million), 2019-23
- Table 79: Canada real GDP (Constant 2010 Prices, $ billion), 2019-23
- Table 80: Canada GDP (Current Prices, $ Billion), 2019-23
- Table 81: Canada Inflation, 2019-23
- Table 82: Canada Consumer Price Index (Absolute), 2019-23
- Table 83: Canada exchange rate, 2018-23
- Table 84: China steel market value: $ million, 2018-23
- Table 85: China steel market volume: thousand tonnes, 2018-23
- Table 86: China steel market geography segmentation: $ million, 2023
- Table 87: China steel market value forecast: $ million, 2023-28
- Table 88: China steel market volume forecast: thousand tonnes, 2023-28
- Table 89: China Size of Population (million), 2019-23
- Table 90: China real GDP (Constant 2010 Prices, $ billion), 2019-23
- Table 91: China GDP (Current Prices, $ Billion), 2019-23
- Table 92: China Inflation, 2019-23
- Table 93: China Consumer Price Index (Absolute), 2019-23
- List of Figures
- Figure 1: Global steel market value: $ million, 2018-23
- Figure 2: Global steel market volume: thousand tonnes, 2018-23
- Figure 3: Global steel market geography segmentation: % share, by value, 2023
- Figure 4: Global steel market share: % share, by volume, 2023
- Figure 5: Global steel market value forecast: $ million, 2023-28
- Figure 6: Global steel market volume forecast: thousand tonnes, 2023-28
- Figure 7: Forces driving competition in the global steel market, 2023
- Figure 8: Drivers of buyer power in the global steel market, 2023
- Figure 9: Drivers of supplier power in the global steel market, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the global steel market, 2023
- Figure 11: Factors influencing the threat of substitutes in the global steel market, 2023
- Figure 12: Drivers of degree of rivalry in the global steel market, 2023
- Figure 13: Asia-Pacific steel market value: $ million, 2018-23
- Figure 14: Asia-Pacific steel market volume: thousand tonnes, 2018-23
- Figure 15: Asia-Pacific steel market geography segmentation: % share, by value, 2023
- Figure 16: Asia-Pacific steel market value forecast: $ million, 2023-28
- Figure 17: Asia-Pacific steel market volume forecast: thousand tonnes, 2023-28
- Figure 18: Forces driving competition in the steel market in Asia-Pacific, 2023
- Figure 19: Drivers of buyer power in the steel market in Asia-Pacific, 2023
- Figure 20: Drivers of supplier power in the steel market in Asia-Pacific, 2023
- Figure 21: Factors influencing the likelihood of new entrants in the steel market in Asia-Pacific, 2023
- Figure 22: Factors influencing the threat of substitutes in the steel market in Asia-Pacific, 2023
- Figure 23: Drivers of degree of rivalry in the steel market in Asia-Pacific, 2023
- Figure 24: Europe steel market value: $ million, 2018-23
- Figure 25: Europe steel market volume: thousand tonnes, 2018-23
- Figure 26: Europe steel market geography segmentation: % share, by value, 2023
- Figure 27: Europe steel market value forecast: $ million, 2023-28
- Figure 28: Europe steel market volume forecast: thousand tonnes, 2023-28
- Figure 29: Forces driving competition in the steel market in Europe, 2023
- Figure 30: Drivers of buyer power in the steel market in Europe, 2023
- Figure 31: Drivers of supplier power in the steel market in Europe, 2023
- Figure 32: Factors influencing the likelihood of new entrants in the steel market in Europe, 2023
- Figure 33: Factors influencing the threat of substitutes in the steel market in Europe, 2023
- Figure 34: Drivers of degree of rivalry in the steel market in Europe, 2023
- Figure 35: France steel market value: $ million, 2018-23
- Figure 36: France steel market volume: thousand tonnes, 2018-23
- Figure 37: France steel market geography segmentation: % share, by value, 2023
- Figure 38: France steel market value forecast: $ million, 2023-28
- Figure 39: France steel market volume forecast: thousand tonnes, 2023-28
- Figure 40: Forces driving competition in the steel market in France, 2023
- Figure 41: Drivers of buyer power in the steel market in France, 2023
- Figure 42: Drivers of supplier power in the steel market in France, 2023
- Figure 43: Factors influencing the likelihood of new entrants in the steel market in France, 2023
- Figure 44: Factors influencing the threat of substitutes in the steel market in France, 2023
- Figure 45: Drivers of degree of rivalry in the steel market in France, 2023
- Figure 46: Germany steel market value: $ million, 2018-23
- Figure 47: Germany steel market volume: thousand tonnes, 2018-23
- Figure 48: Germany steel market geography segmentation: % share, by value, 2023
- Figure 49: Germany steel market value forecast: $ million, 2023-28
- Figure 50: Germany steel market volume forecast: thousand tonnes, 2023-28
- Figure 51: Forces driving competition in the steel market in Germany, 2023
- Figure 52: Drivers of buyer power in the steel market in Germany, 2023
- Figure 53: Drivers of supplier power in the steel market in Germany, 2023
- Figure 54: Factors influencing the likelihood of new entrants in the steel market in Germany, 2023
- Figure 55: Factors influencing the threat of substitutes in the steel market in Germany, 2023
- Figure 56: Drivers of degree of rivalry in the steel market in Germany, 2023
- Figure 57: Australia steel market value: $ million, 2018-23
- Figure 58: Australia steel market volume: thousand tonnes, 2018-23
- Figure 59: Australia steel market geography segmentation: % share, by value, 2023
- Figure 60: Australia steel market value forecast: $ million, 2023-28
- Figure 61: Australia steel market volume forecast: thousand tonnes, 2023-28
- Figure 62: Forces driving competition in the steel market in Australia, 2023
- Figure 63: Drivers of buyer power in the steel market in Australia, 2023
- Figure 64: Drivers of supplier power in the steel market in Australia, 2023
- Figure 65: Factors influencing the likelihood of new entrants in the steel market in Australia, 2023
- Figure 66: Factors influencing the threat of substitutes in the steel market in Australia, 2023
- Figure 67: Drivers of degree of rivalry in the steel market in Australia, 2023
- Figure 68: Brazil steel market value: $ million, 2018-23
- Figure 69: Brazil steel market volume: thousand tonnes, 2018-23
- Figure 70: Brazil steel market geography segmentation: % share, by value, 2023
- Figure 71: Brazil steel market value forecast: $ million, 2023-28
- Figure 72: Brazil steel market volume forecast: thousand tonnes, 2023-28
- Figure 73: Forces driving competition in the steel market in Brazil, 2023
- Figure 74: Drivers of buyer power in the steel market in Brazil, 2023
- Figure 75: Drivers of supplier power in the steel market in Brazil, 2023
- Figure 76: Factors influencing the likelihood of new entrants in the steel market in Brazil, 2023
- Figure 77: Factors influencing the threat of substitutes in the steel market in Brazil, 2023
- Figure 78: Drivers of degree of rivalry in the steel market in Brazil, 2023
- Figure 79: Canada steel market value: $ million, 2018-23
- Figure 80: Canada steel market volume: thousand tonnes, 2018-23
- Figure 81: Canada steel market geography segmentation: % share, by value, 2023
- Figure 82: Canada steel market value forecast: $ million, 2023-28
- Figure 83: Canada steel market volume forecast: thousand tonnes, 2023-28
- Figure 84: Forces driving competition in the steel market in Canada, 2023
- Figure 85: Drivers of buyer power in the steel market in Canada, 2023
- Figure 86: Drivers of supplier power in the steel market in Canada, 2023
- Figure 87: Factors influencing the likelihood of new entrants in the steel market in Canada, 2023
- Figure 88: Factors influencing the threat of substitutes in the steel market in Canada, 2023
- Figure 89: Drivers of degree of rivalry in the steel market in Canada, 2023
- Figure 90: China steel market value: $ million, 2018-23
- Figure 91: China steel market volume: thousand tonnes, 2018-23
- Figure 92: China steel market geography segmentation: % share, by value, 2023
- Figure 93: China steel market value forecast: $ million, 2023-28
- Figure 94: China steel market volume forecast: thousand tonnes, 2023-28
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