China Alloy Steel Market Size & Outlook, 2025-2030
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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 2024 | USD 39,809.3 million |
| Market revenue in 2030 | USD 59,144.1 million |
| Growth rate | 7.8% (CAGR from 2025 to 2030) |
| Largest segment | Low alloy |
| Fastest growing segment | High Alloy |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Low 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 Scope
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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Target buyers of China alloy steel market databook
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Our clientele includes a mix of alloy steel market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
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)
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