Global Steel Market Size & Outlook, 2023-2030
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)
$2,009,457.8
CAGR, 2024 - 2030
4.6%
Report Coverage
Worldwide
Global steel market, 2018-2030 (US$M)
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 2023 | USD 1,469,035.8 million |
| Market revenue in 2030 | USD 2,009,457.8 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Flat |
| Fastest growing segment | Flat |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Flat |
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
End Use
Building & Construction
Automotive & Aerospace
Railways & Highways
Others
Countries
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 size, by regions, 2018-2030 (US$M)
Related regional statistics
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