Global Flat Steel Market Size & Outlook, 2022-2030

The global flat steel market size was estimated at USD 816,149.6 million in 2022 and is projected to reach USD 997,351.9 million by 2030, growing at a CAGR of 2.5% from 2023 to 2030.
Revenue, 2022 (US$M)
$816,149.6
Forecast, 2030 (US$M)
$997,351.9
CAGR, 2023 - 2030
2.5%
Report Coverage
Worldwide

Global flat steel market highlights

  • The global flat steel market generated a revenue of USD 816,149.6 million in 2022 and is expected to reach USD 997,351.9 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 2.5% by 2030.
  • In terms of segment, plates accounted for a revenue of USD 540,741.9 million in 2022.
  • Plates is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2022.
  • Country-wise, France is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 816,149.6 million
Market revenue in 2030USD 997,351.9 million
Growth rate2.5% (CAGR from 2022 to 2030)
Largest segmentPlates
Fastest growing segmentPlates
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSheets & Coils, Plates

Other key industry trends

  • In terms of revenue, the North America accounted for 11.9% of the global flat steel market in 2022.
  • By country, the China is projected to lead the global market in terms of revenue in 2030.
  • By country, France is the fastest growing regional market and is projected to reach USD 9,162.3 million by 2030.

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Flat Steel Market Companies

Name Profile # Employees HQ Website
HBIS View profile 51-100 Waxahachie, Texas, United States, North America https://www.hbisonline.com
Ezz Steel View profile 5001-10000 Garden City, Al Qahirah, Egypt, Africa http://www.ezzsteel.com
Voestalpine AG View profile 50712 Voestalpine-Strasse 1, Linz, Austria, 4020 https://www.voestalpine.com
United States Steel Corp View profile 21803 600 Grant Street, Pittsburgh, PA, United States, 15219-2800 https://www.ussteel.com
BAOSTEEL View profile 10001+ Shanghai, Shanghai, China, Asia http://www.baosteel.com/group_en/
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
POSCO Holdings Inc ADR View profile 44501 POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, Republic of, 06194 https://www.posco.co.kr
Nippon Steel Corp View profile 121990 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 https://www.nipponsteel.com
JFE Holdings Inc View profile 44469 2-2-3 Uchisaiwaicho, Chiyoda-ku, Tokyo, Japan, 100-0011 http://www.jfe-holdings.co.jp
ArcelorMittal SA Depository Receipt View profile 126756 24-26, Boulevard d’Avranches, Luxembourg, Luxembourg, L-1160 http://www.arcelormittal.com
Nucor Corp View profile 32000 1915 Rexford Road, Charlotte, NC, United States, 28211 https://www.nucor.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

Global flat 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 flat steel market will help companies and investors design strategic landscapes.


Plates was the largest segment with a revenue share of 66.26% in 2022. Horizon Databook has segmented the Global flat steel market based on sheets & coils, plates covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Flat Steel Product Outlook (Revenue, USD Million, 2018-2030)
    • Plates
    • Sheets & Coils
  • Global Flat Steel End-Use Outlook (Revenue, USD Million, 2018-2030)
    • Others
    • Building & Construction
    • Automotive & Aerospace
    • Railways & Highways

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

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Global flat steel market size, by regions, 2018-2030 (US$M)

Top 10 countries: Flat steel market size, 2022 (US$M)

Global flat steel market share, by end-use, 2022 & 2030 (%, US$M)

Flat steel market: Opportunity assessment by country

Global flat steel market, by region, 2022 (US$M)

Global flat steel market size, by regions, 2018-2030 (US$M)

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