STEEL MARKET REPORT Steel market report
The global steel market is projected to grow at a CAGR of 4.6% from 2025 to 2030, with the flat steel segment also expected to expand at the same rate.
In 2024, the long steel segment dominated the global industry by capturing 54.1% of the revenue, largely driven by booming construction and infrastructure projects.
The building and construction applications led the market with a 45.5% revenue share in 2024, underscoring the crucial role of steel in urban development.
The consumer goods segment is anticipated to grow at a CAGR of 5.7% from 2025 to 2030, fuelled by rising demand for durable, high-quality products.
The Asia-Pacific region dominated the global steel market in 2024 with a 54.8% revenue share, driven by extensive infrastructure development and urbanisation.
According to UN estimates, 68% of the global population is projected to reside in urban areas by 2050, a trend that will significantly boost steel demand in construction.
Steel market
Size by product, 2020–2030 (USD trillion)
4.6%
Market CAGR 2025–2030 Source:
www.grandviewresearch.com
2020 2021 2022 2023 2024 2025 2026 Long steel Flat steel 2027 2028 2029 2030
$1.5trn
56 Summer 2025 |
ochmagazine.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71
