Global Steel Market Size & Outlook

The steel industry worldwide is expected to reach a projected revenue of US$ 2,009,457.8 million by 2030. A compound annual growth rate of 4.6% is expected of the worldwide steel industry from 2024 to 2030.
Revenue, 2023 (US$M)
$1,469,035.8
Forecast, 2030 (US$M)
$2,009,457.8
CAGR, 2024 - 2030
4.6%
Report Coverage
Worldwide

Global steel market highlights

  • The global steel market generated a revenue of USD 1,469,035.8 million in 2023 and is expected to reach USD 2,009,457.8 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 4.6% by 2030.
  • In terms of segment, flat accounted for a revenue of USD 1,469,035.8 million in 2023.
  • Flat is the most lucrative product type segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2023.


Global data book summary

Market revenue in 2023USD 1,469,035.8 million
Market revenue in 2030USD 2,009,457.8 million
Growth rate4.6% (CAGR from 2023 to 2030)
Largest segmentFlat
Fastest growing segmentFlat
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationFlat


Other key industry trends

  • In terms of revenue, the North America accounted for 10.8% of the global steel market in 2023.

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Steel Market Scope

Steel market segmentation & scope
Flat
Long
End Use
Building & Construction
Automotive & Aerospace
Railways & Highways
Others
U.S.
Canada
Mexico
Denmark
France
Germany
Italy
UK
Spain
Sweden
Norway
Brazil
Argentina
Australia
China
India
Japan
South Korea
Thailand
UAE
South Africa
Saudi Arabia
Kuwait

Steel Market Companies

Name Profile # Employees HQ Website

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


flat was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global steel market based on flat covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of Global steel market databook

  • Our clientele includes a mix of steel market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global steel market , including forecasts for subscribers. This global databook contains high-level insights into Global steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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

Top 10 countries: Steel market size, 2023 (USD Million)

Top 10 countries: Steel market size, 2023 (USD Million)

Global steel market, by region, 2023 (US$M)

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

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