China Alloy Steel Market Size & Outlook, 2025-2030

The alloy steel market in China is expected to reach a projected revenue of US$ 59,144.1 million by 2030. A compound annual growth rate of 7.8% is expected of China alloy steel market from 2025 to 2030.
Revenue, 2024 (US$M)
$39,809.3
Forecast, 2030 (US$M)
$59,144.1
CAGR, 2025 - 2030
7.8%
Report Coverage
China

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China alloy steel market, 2018-2030 (US$M)

China alloy steel market, 2018-2030 (US$M)

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China alloy steel market highlights

  • The China alloy steel market generated a revenue of USD 39,809.3 million in 2024 and is expected to reach USD 59,144.1 million by 2030.
  • The China market is expected to grow at a CAGR of 7.8% from 2025 to 2030.
  • In terms of segment, low alloy was the largest revenue generating type in 2024.
  • High Alloy is the most lucrative type segment registering the fastest growth during the forecast period.


Alloy steel market data book summary

Market revenue in 2024USD 39,809.3 million
Market revenue in 2030USD 59,144.1 million
Growth rate7.8% (CAGR from 2025 to 2030)
Largest segmentLow alloy
Fastest growing segmentHigh Alloy
Historical data2018 - 2023
Base year2024
Forecast period2025 - 2030
Quantitative unitsRevenue in USD million
Market segmentationLow Alloy, High Alloy


Other key industry trends

  • In terms of revenue, China accounted for 48.2% of the global alloy steel market in 2024.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China alloy steel market is projected to lead the regional market in terms of revenue in 2030.
  • China is the fastest growing regional market in Asia Pacific and is projected to reach USD 59,144.1 million by 2030.

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Alloy Steel Market Companies

Name Profile # Employees HQ Website
JFE Steel View profile 10001+ Tokyo, Tokyo, Japan, Asia https://www.jfe-steel.co.jp/en
Hbis Group View profile 11-50 Shijiazhuang, Hebei, China, Asia https://www.hbisco.com
POSCO E&C View profile 5001-10000 Pohang, Kyongsang-bukto, South Korea, Asia http://www.poscoenc.com
ArcelorMittal View profile 10001+ Luxembourg, Luxembourg, Luxembourg, Europe https://corporate.arcelormittal.com/
Hyundai Steel View profile 10001+ Seoul, Seoul-t'ukpyolsi, South Korea, Asia https://www.hyundai-steel.com
Steel Authority Of India Ltd DR View profile 59186 Lodi Road, Ispat Bhawan, New Delhi, India, 110003 https://www.sail.co.in
Kobe Steel Ltd View profile 44938 2-4, Wakinohama-Kaigandori 2-chome, Chuo-ku, Kobe, Hyogo, Japan, 651-8585 http://www.kobelco.co.jp
Aperam View profile 5001-10000 Luxembourg, Luxembourg, Luxembourg, Europe http://www.aperam.com
BAOSTEEL View profile 10001+ Shanghai, Shanghai, China, Asia http://www.baosteel.com/group_en/
Carpenter Technology Corp View profile 4500 1735 Market Street, 15th Floor, Philadelphia, PA, United States, 19103 https://www.carpentertechnology.com
Outokumpu Oyj Class A View profile 8776 Salmisaarenranta 11, Helsinki, Finland, FI-00180 https://www.outokumpu.com
Thyssenkrupp AG View profile 100202 ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 https://www.thyssenkrupp.com
Nippon Steel Corp View profile 121990 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 https://www.nipponsteel.com
Tata Steel Ltd GDR - 144A View profile 73496 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 https://www.tatasteel.com

China alloy steel market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to alloy steel market will help companies and investors design strategic landscapes.


Low alloy was the largest segment with a revenue share of 65.1% in 2024. Horizon Databook has segmented the China alloy steel market based on low alloy, high alloy covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the China alloy steel market , including forecasts for subscribers. This country databook contains high-level insights into China alloy steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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China alloy steel market size, by type, 2018-2030 (US$M)

China Alloy Steel Market Outlook Share, 2024 & 2030 (US$M)

China alloy steel market size, by type, 2018-2030 (US$M)

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