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Synopsis
The global Steel market size was valued at USD 1654390 million in 2022 and is forecast to a readjusted size of USD 1367940 million by 2029 with a CAGR of -2.7% during review period.
Steel industry is one of the essential industries for the development of any community. In fact, it is really the base for numerous industries that could not have been established without steel industry. The European industrial revolution at the beginning of this century was actually founded on this industry. There are three basic routes to obtain finished steel products: (1) integrated steel production, (2) secondary processing, and (3) direct reduction.
Integrated steel production involves transforming coal to coke in coke ovens, while iron ore is sintered or belletized prior to being fed into the blast furnace (BF). The ore is reduced in the blast furnace to obtain hot metal containing some 4% carbon and smaller quantities of other alloying elements. Next the hot metal is converted to steel in the basic oxygen furnace (BOF). Then, it is continuously cast to obtain semi-finished products, such as blooms, bars or slabs. These semi-finished products are rolled to the finished shapes of bars, sheet, rail, H or I beams.
The secondary processing, often called minimills, starts with steel scrap which is melted in an electrical arc furnace (EAF). The molten steel produced is possibly treated in a ladle furnace and then continuously cast and finished in a rolling operation. Originally, minimills provided only lower grade products, especially reinforcing bars. But, they recently have been able to capture a growing segment of the steel market.
An alternative mode of steel production is the direct reduction method. In this method, production starts with high grade Iron ore pellets which are reduced with natural gas to sponge pellets. Then, the sponge iron pellets are fed into an electrical arc furnace.
The resulting steel is continuously cast and rolled into a final shape.
Global key players of steel include China Baowu Group, ArcelorMittal, Ansteel Group, Nippon Steel Corporation, etc. The top four players hold a share over 15%. Yhe global steel are mainly produced in China. Asia is the largest market, has a share about 68%, followed by Europe and North America, with share 12% and 10%, separately.
The Global Info Research report includes an overview of the development of the Steel industry chain, the market status of Buildings and Infrastructure (Carbon Steel, Alloy Steel), Automotive (Carbon Steel, Alloy Steel), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Steel.
Regionally, the report analyzes the Steel markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Steel market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Steel market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Steel industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K MT), revenue generated, and market share of different by Type (e.g., Carbon Steel, Alloy Steel).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Steel market.
Regional Analysis: The report involves examining the Steel market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Steel market.
This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Steel:
Company Analysis: Report covers individual Steel manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Steel This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Buildings and Infrastructure, Automotive).
Technology Analysis: Report covers specific technologies relevant to Steel. It assesses the current state, advancements, and potential future developments in Steel areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Steel market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Steel market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
- Carbon Steel
- Alloy Steel
Market segment by Application
- Buildings and Infrastructure
- Automotive
- Transportation
- Energy
- Steel Packaging
- Mechanical Equipment
- Domestic Appliances
- Metal Products
- Others
Major players covered
- China Baowu Group
- ArcelorMittal
- Ansteel Group
- Nippon Steel Corporation
- Shagang Group
- POSCO
- HBIS Group
- Jianlong Group
- Shougang Group
- Tata Steel Group
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Steel product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Steel, with price, sales, revenue and global market share of Steel from 2018 to 2023.
Chapter 3, the Steel competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Steel breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Steel market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Steel.
Chapter 14 and 15, to describe Steel sales channel, distributors, customers, research findings and conclusion.
Index
1 Market Overview
1.1 Product Overview and Scope of Steel
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
1.3.1 Overview: Global Steel Consumption Value by Type: 2018 Versus 2022 Versus 2029
1.3.2 Carbon Steel
1.3.3 Alloy Steel
1.4 Market Analysis by Application
1.4.1 Overview: Global Steel Consumption Value by Application: 2018 Versus 2022 Versus 2029
1.4.2 Buildings and Infrastructure
1.4.3 Automotive
1.4.4 Transportation
1.4.5 Energy
1.4.6 Steel Packaging
1.4.7 Mechanical Equipment
1.4.8 Domestic Appliances
1.4.9 Metal Products
1.4.10 Others
1.5 Global Steel Market Size & Forecast
1.5.1 Global Steel Consumption Value (2018 & 2022 & 2029)
1.5.2 Global Steel Sales Quantity (2018-2029)
1.5.3 Global Steel Average Price (2018-2029)
2 Manufacturers Profiles
2.1 China Baowu Group
2.1.1 China Baowu Group Details
2.1.2 China Baowu Group Major Business
2.1.3 China Baowu Group Steel Product and Services
2.1.4 China Baowu Group Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.1.5 China Baowu Group Recent Developments/Updates
2.2 ArcelorMittal
2.2.1 ArcelorMittal Details
2.2.2 ArcelorMittal Major Business
2.2.3 ArcelorMittal Steel Product and Services
2.2.4 ArcelorMittal Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.2.5 ArcelorMittal Recent Developments/Updates
2.3 Ansteel Group
2.3.1 Ansteel Group Details
2.3.2 Ansteel Group Major Business
2.3.3 Ansteel Group Steel Product and Services
2.3.4 Ansteel Group Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.3.5 Ansteel Group Recent Developments/Updates
2.4 Nippon Steel Corporation
2.4.1 Nippon Steel Corporation Details
2.4.2 Nippon Steel Corporation Major Business
2.4.3 Nippon Steel Corporation Steel Product and Services
2.4.4 Nippon Steel Corporation Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.4.5 Nippon Steel Corporation Recent Developments/Updates
2.5 Shagang Group
2.5.1 Shagang Group Details
2.5.2 Shagang Group Major Business
2.5.3 Shagang Group Steel Product and Services
2.5.4 Shagang Group Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.5.5 Shagang Group Recent Developments/Updates
2.6 POSCO
2.6.1 POSCO Details
2.6.2 POSCO Major Business
2.6.3 POSCO Steel Product and Services
2.6.4 POSCO Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.6.5 POSCO Recent Developments/Updates
2.7 HBIS Group
2.7.1 HBIS Group Details
2.7.2 HBIS Group Major Business
2.7.3 HBIS Group Steel Product and Services
2.7.4 HBIS Group Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.7.5 HBIS Group Recent Developments/Updates
2.8 Jianlong Group
2.8.1 Jianlong Group Details
2.8.2 Jianlong Group Major Business
2.8.3 Jianlong Group Steel Product and Services
2.8.4 Jianlong Group Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.8.5 Jianlong Group Recent Developments/Updates
2.9 Shougang Group
2.9.1 Shougang Group Details
2.9.2 Shougang Group Major Business
2.9.3 Shougang Group Steel Product and Services
2.9.4 Shougang Group Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.9.5 Shougang Group Recent Developments/Updates
2.10 Tata Steel Group
2.10.1 Tata Steel Group Details
2.10.2 Tata Steel Group Major Business
2.10.3 Tata Steel Group Steel Product and Services
2.10.4 Tata Steel Group Steel Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2018-2023)
2.10.5 Tata Steel Group Recent Developments/Updates
3 Competitive Environment: Steel by Manufacturer
3.1 Global Steel Sales Quantity by Manufacturer (2018-2023)
3.2 Global Steel Revenue by Manufacturer (2018-2023)
3.3 Global Steel Average Price by Manufacturer (2018-2023)
3.4 Market Share Analysis (2022)
3.4.1 Producer Shipments of Steel by Manufacturer Revenue ($MM) and Market Share (%): 2022
3.4.2 Top 3 Steel Manufacturer Market Share in 2022
3.4.2 Top 6 Steel Manufacturer Market Share in 2022
3.5 Steel Market: Overall Company Footprint Analysis
3.5.1 Steel Market: Region Footprint
3.5.2 Steel Market: Company Product Type Footprint
3.5.3 Steel Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations
4 Consumption Analysis by Region
4.1 Global Steel Market Size by Region
4.1.1 Global Steel Sales Quantity by Region (2018-2029)
4.1.2 Global Steel Consumption Value by Region (2018-2029)
4.1.3 Global Steel Average Price by Region (2018-2029)
4.2 North America Steel Consumption Value (2018-2029)
4.3 Europe Steel Consumption Value (2018-2029)
4.4 Asia-Pacific Steel Consumption Value (2018-2029)
4.5 South America Steel Consumption Value (2018-2029)
4.6 Middle East and Africa Steel Consumption Value (2018-2029)
5 Market Segment by Type
5.1 Global Steel Sales Quantity by Type (2018-2029)
5.2 Global Steel Consumption Value by Type (2018-2029)
5.3 Global Steel Average Price by Type (2018-2029)
6 Market Segment by Application
6.1 Global Steel Sales Quantity by Application (2018-2029)
6.2 Global Steel Consumption Value by Application (2018-2029)
6.3 Global Steel Average Price by Application (2018-2029)
7 North America
7.1 North America Steel Sales Quantity by Type (2018-2029)
7.2 North America Steel Sales Quantity by Application (2018-2029)
7.3 North America Steel Market Size by Country
7.3.1 North America Steel Sales Quantity by Country (2018-2029)
7.3.2 North America Steel Consumption Value by Country (2018-2029)
7.3.3 United States Market Size and Forecast (2018-2029)
7.3.4 Canada Market Size and Forecast (2018-2029)
7.3.5 Mexico Market Size and Forecast (2018-2029)
8 Europe
8.1 Europe Steel Sales Quantity by Type (2018-2029)
8.2 Europe Steel Sales Quantity by Application (2018-2029)
8.3 Europe Steel Market Size by Country
8.3.1 Europe Steel Sales Quantity by Country (2018-2029)
8.3.2 Europe Steel Consumption Value by Country (2018-2029)
8.3.3 Germany Market Size and Forecast (2018-2029)
8.3.4 France Market Size and Forecast (2018-2029)
8.3.5 United Kingdom Market Size and Forecast (2018-2029)
8.3.6 Russia Market Size and Forecast (2018-2029)
8.3.7 Italy Market Size and Forecast (2018-2029)
9 Asia-Pacific
9.1 Asia-Pacific Steel Sales Quantity by Type (2018-2029)
9.2 Asia-Pacific Steel Sales Quantity by Application (2018-2029)
9.3 Asia-Pacific Steel Market Size by Region
9.3.1 Asia-Pacific Steel Sales Quantity by Region (2018-2029)
9.3.2 Asia-Pacific Steel Consumption Value by Region (2018-2029)
9.3.3 China Market Size and Forecast (2018-2029)
9.3.4 Japan Market Size and Forecast (2018-2029)
9.3.5 Korea Market Size and Forecast (2018-2029)
9.3.6 India Market Size and Forecast (2018-2029)
9.3.7 Southeast Asia Market Size and Forecast (2018-2029)
9.3.8 Australia Market Size and Forecast (2018-2029)
10 South America
10.1 South America Steel Sales Quantity by Type (2018-2029)
10.2 South America Steel Sales Quantity by Application (2018-2029)
10.3 South America Steel Market Size by Country
10.3.1 South America Steel Sales Quantity by Country (2018-2029)
10.3.2 South America Steel Consumption Value by Country (2018-2029)
10.3.3 Brazil Market Size and Forecast (2018-2029)
10.3.4 Argentina Market Size and Forecast (2018-2029)
11 Middle East & Africa
11.1 Middle East & Africa Steel Sales Quantity by Type (2018-2029)
11.2 Middle East & Africa Steel Sales Quantity by Application (2018-2029)
11.3 Middle East & Africa Steel Market Size by Country
11.3.1 Middle East & Africa Steel Sales Quantity by Country (2018-2029)
11.3.2 Middle East & Africa Steel Consumption Value by Country (2018-2029)
11.3.3 Turkey Market Size and Forecast (2018-2029)
11.3.4 Egypt Market Size and Forecast (2018-2029)
11.3.5 Saudi Arabia Market Size and Forecast (2018-2029)
11.3.6 South Africa Market Size and Forecast (2018-2029)
12 Market Dynamics
12.1 Steel Market Drivers
12.2 Steel Market Restraints
12.3 Steel Trends Analysis
12.4 Porters Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry
12.5 Influence of COVID-19 and Russia-Ukraine War
12.5.1 Influence of COVID-19
12.5.2 Influence of Russia-Ukraine War
13 Raw Material and Industry Chain
13.1 Raw Material of Steel and Key Manufacturers
13.2 Manufacturing Costs Percentage of Steel
13.3 Steel Production Process
13.4 Steel Industrial Chain
14 Shipments by Distribution Channel
14.1 Sales Channel
14.1.1 Direct to End-User
14.1.2 Distributors
14.2 Steel Typical Distributors
14.3 Steel Typical Customers
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology
16.2 Research Process and Data Source
16.3 Disclaimer
Published By : GlobalInfoResearch
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