Global Steel Market (2020-2026) | Outlook, Size, Share & COVID-19 IMPACT

Market Forecast by Type (flat steel and long steel), by Application (building & construction, electrical appliances, metal products, domestic appliances, mechanical equipment, automotive, and others), by Product Type (structural steel, prestressing steel, bright steel, welding wire/rod, iron steel wire, ropes, and braids), By Regions (Asia Pacific, Europe, Middle East, Africa, North America, Latin America) and Competitive Landscape

Product Code: ETC054683 Publication Date: Jun 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 300 No. of Figures: 90 No. of Tables: 30

Global steel market report thoroughly covers the market by Product types, Types, Applications, and key regions including the Asia Pacific, Latin America, Middle East, Europe, North America, and Africa. Global steel market outlook report provides an unbiased and detailed analysis of the ongoing Global steel market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Global steel market Synopsis

Global steel market is expected to witness growth over the upcoming years. According to Global Steel Association, global steel production and consumption growth are rapidly increasing. Expansion in Global manufacturing activity, resilient growth in China driven by supply-side reforms, pick up the commodity prices and favorable financing conditions globally are the growth recovery primary driven. Even because of the steel market the growth of India’s GDP is also increasing as consumption-led growth is influenced by government policies and investments. Growing development of infrastructure coupled with surging construction activities is driving the Global Steel Market Growth. Rising demand for automobiles and growth in the transportation sector is also propelling the development of the market. Moreover, the Global outbreak of COVID-19 has a worse impact on worldwide business. However, the market and the economy are expected to regain growth soon.

According to 6Wresearch, the Global Steel Market size is anticipated to register growth during 2020-2026. The growing population coupled with improvement in the standard of living is driving the Global Steel Market Share. Market data as per the steel market trends suggest that steel consumption growth stalled in most economies in 2018 and that the 2017 recovery may be losing importance. Downside risks to the outlook include increased trade frictions and a weakening global economy, which suggests that without further action large structural imbalances are likely to persist. At present, China is the leading region in steel production and with the highest revenue-generating country followed by India, Australia, Japan, and South Korea. The growing demand for renewable and sustainable energy sources is driving the Global Steel Market Value

The prominent players identified in this market include Ansteel Group Corporation Limited, ArcelorMittal S.A, China Baowu Steel Group Corporation Limited, HBIS Group, Hyundai Steel Company, POSCO, Shougang Corporation, Tata Steel Europe Ltd, Tata Steel Group, United States Steel Corporation, etc.

Market Analysis by application

Based on applications, the building, and construction segment is projected to be the fastest-growing and the largest end-use sector of the steel market during the forecasted period because it helps in the construction of the building, railway tracks, roads, bridges, factories, and other engineering structure. It not only lowers the construction cost but also reduces the long-term maintenance costs of buildings. Based on type, Flat steel is used in the development of infrastructure in the energy sector. It is also used in oil, gas, nuclear, solar, wind, and hydro energy plants.

Market Analysis by Region

The Asia Pacific accounted for the largest share of global steel market, followed by Europe and North America. China is one of the major consumers of flat steel in the Asia Pacific region. In the research, it was found that the global steel market has been segmented into flat and long steel

Market Analysis by Type

The flat steel segment accounted for the largest share of global steel market. The prestressing steel market segment accounted for the second-largest share of the Global steel market Share.

Key Highlights of The Reports

  • Global Steel Market Outlook
  • Global Steel Market Overview
  • Global Steel Market Forecast
  • Historical Data for the period 2016-2019 and Market Forecast of Global Steel Market Revenues until 2026
  • Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Type
  • Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
  • Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product Type
  • Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Regions
  • Historical Data for the period 2016-2019 and Market Forecast until 2026 for Latin America Steel Market
  • Historical Data for the period 2016-2019 and Market Forecast until 2026 for North America Steel Market
  • Historical Data for the period 2016-2019 and Market Forecast until 2026 for Middle East Steel Market
  • Historical Data for the period 2016-2019 and Market Forecast until 2026 for Africa Steel Market
  • Historical Data for the period 2016-2019 and Market Forecast until 2026 for Global Steel Market
  • Historical Data for the period 2016-2019 and Market Forecast until 2026 for Middle East Steel Market
  • Market Drivers and Restraints
  • Global Steel Market Trends
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Global Steel Market Share, By Players
  • Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

By Type:

  • Flat Steel
  • Long Steel

By Product Type:

  • Structural Steel
  • Prestressing Steel
  • Bright Steel
  • Welding Wire/Rod
  • Iron Steel Wire
  • Ropes
  • Braids

By Application:

  • Building and Construction
  • Electrical Appliances
  • Metal Products
  • Domestic Appliances
  • Mechanical Equipment
  • Automotive
  • Others

By Regions:

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East
  • Africa
Global Steel Market: FAQs
The flat steel segment accounted for the largest share of the global Steel Market.
Asia Pacific accounted for the largest share of global steel market, followed by Europe and North America.
The prominent players identified in this market include Ansteel Group Corporation Limited, ArcelorMittal S.A, China Baowu Steel Group Corporation Limited, HBIS Group, Hyundai Steel Company, POSCO, Shougang Corporation, Tata Steel Europe Ltd, Tata Steel Group, United States Steel Corporation, etc.
Yes, the report includes the impact of COVID-19.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1. Executive Summary
2. Introduction
2.1. Key Highlights of the Report
2.2. Report Description
2.3. Market Scope & Segmentation
2.4. Research Methodology
2.5. Assumptions
3. Global Steel Market Overview
3.1. Global Steel Market Revenues, 2019 & 2026F
3.2. Global Steel Market - Industry Life Cycle
3.3. Global Steel Market - Porter's Five Forces
3.4. Global Steel Market Revenue Share, By Application, 2019 & 2026F
3.5. Global Steel Market Revenue Share, By Type, 2019 & 2026F
3.6. Global Steel Market Revenue Share, By Product Type, 2019 & 2026F
3.7. Global Steel Market Revenue Share, By Regions, 2019 & 2026F
4. Global Steel Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints
5. Global Steel Market Trends
6. Global Steel Market, By Application
6.1. Global Steel Market, By Application
6.1.1. Overview and Analysis
6.1.2. Global Steel Market Revenues, By Building & Construction, 2016 - 2026F
6.1.3. Global Steel Market Revenues, By Electrical Appliances, 2016 - 2026F
6.1.4. Global Steel Market Revenues, By Metal Products, 2016 - 2026F
6.1.5. Global Steel Market Revenues, By Domestic Appliances, 2016 - 2026F
6.1.6. Global Steel Market Revenues, By Mechanical Equipment, 2016 - 2026F
6.1.7. Global Steel Market Revenues, By Automotive, 2016 - 2026F
6.1.8. Global Steel Market Revenues, By Others, 2016 - 2026F
7. Global Steel Market, By Type
7.1. Global Steel Market, By Type
7.1.1. Overview and Analysis
7.1.2. Global Steel Market Revenues, By Flat Steel, 2016 - 2026F
7.1.3. Global Steel Market Revenues, By Long Steel, 2016 - 2026F
8. Global Steel Market, By Product Type
8.1. Global Steel Market, By Product Type
8.1.1. Overview and Analysis
8.1.2. Global Steel Market Revenues, By Structural Steel, 2016 - 2026F
8.1.3. Global Steel Market Revenues, By Prestressing Steel, 2016 - 2026F
8.1.4. Global Steel Market Revenues, By Bright Steel, 2016 - 2026F
8.1.5. Global Steel Market Revenues, By Welding Wire/Rod, 2016 - 2026F
8.1.6. Global Steel Market Revenues, By Iron Steel Wire, 2016 - 2026F
8.1.7. Global Steel Market Revenues, By Long Ropes, 2016 - 2026F
8.1.8. Global Steel Market Revenues, By Braids, 2016 - 2026F
9. Latin America Steel Market
9.1. Latin America Steel Market, By Application
9.2. Latin America Steel Market, By Type
9.3. Latin America Steel Market, By Product Type
9.4. Latin America Steel Market, By Countries
10. North America Steel Market
10.1. North America Steel Market, By Application
10.2. North America Steel Market, By Type
10.3. North America Steel Market, By Product Type
10.4. North America Steel Market, By Countries
11. Middle East Steel Market
11.1. Middle East Steel Market, By Application
11.2. Middle East Steel Market, By Type
11.3. Middle East Steel Market, By Product Type
11.4. Middle East Steel Market, By Countries
12. Europe Steel Market
12.1. Europe Steel Market, By Application
12.2. Europe Steel Market, By Type
12.3. Europe Steel Market, By Product Type
12.4. Europe Steel Market, By Countries
13. Africa Steel Market
13.1. Africa Steel Market, By Application
13.2. Africa Steel Market, By Type
13.3. Africa Steel Market, By Product Type
13.4. Africa Steel Market, By Countries
14. Asia Pacific Steel Market
14.1. Asia Pacific Steel Market, By Application
14.2. Asia Pacific Steel Market, By Type
14.3. Asia Pacific Steel Market, By Product Type
14.4. Asia Pacific Steel Market, By Countries
15. Global Steel Market Key Performance Indicators
16. Global Steel Market - Opportunity Assessment
16.1. Global Steel Market Opportunity Assessment, By Type, 2019 & 2026F
16.2. Global Steel Market Opportunity Assessment, By Application, 2019 & 2026F
17. Global Steel Market - Competitive Landscape
17.1. Global Steel Market Revenue Share, By Companies, 2019
17.2. Global Steel Market Competitive Benchmarking, By Operating and Technical Parameters
18. Company Profiles
19. Recommendations
20. Disclaimer

North America Steel Market (2021-2027): Market Forecast By Countries (United States, Canada), By Types (Flat Steel, Long Steel), By Product Type (Structural Steel, Prestressing Steel, Bright Steel, Welding Wire/Rod, Iron Steel Wire, Ropes, Braids), By Applications (Building & Construction, Electrical Appliances, Metal Products, Domestic Appliances, Mechanical Equipment, Automotive, Others) And Competitive Landscape

Latin America Steel Market (2021-2027): Market Forecast By Countries (Brazil, Mexico, Argentina, Rest Of Latin America), By Types (Flat Steel, Long Steel), By Product Type (Structural Steel, Prestressing Steel, Bright Steel, Welding Wire/Rod, Iron Steel Wire, Ropes, Braids), By Applications (Building & Construction, Electrical Appliances, Metal Products, Domestic Appliances, Mechanical Equipment, Automotive, Others) And Competitive Landscape

Europe Steel Market (2021-2027): Market Forecast By Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest Of Europe), By Types (Flat Steel, Long Steel), By Product Type (Structural Steel, Prestressing Steel, Bright Steel, Welding Wire/Rod, Iron Steel Wire, Ropes, Braids), By Applications (Building & Construction, Electrical Appliances, Metal Products, Domestic Appliances, Mechanical Equipment, Automotive, Others) And Competitive Landscape

Asia Pacific Steel Market (2021-2027): Market Forecast By Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest Of Asia), By Types (Flat Steel, Long Steel), By Product Type (Structural Steel, Prestressing Steel, Bright Steel, Welding Wire/Rod, Iron Steel Wire, Ropes, Braids), By Applications (Building & Construction, Electrical Appliances, Metal Products, Domestic Appliances, Mechanical Equipment, Automotive, Others) And Competitive Landscape

Middle East Steel Market (2021-2027): Market Forecast By Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain And Turkey), Market Forecast By Types (Flat Steel, Long Steel), By Product Type (Structural Steel, Prestressing Steel, Bright Steel, Welding Wire/Rod, Iron Steel Wire, Ropes, Braids), By Applications (Building & Construction, Electrical Appliances, Metal Products, Domestic Appliances, Mechanical Equipment, Automotive, Others) And Competitive Landscape

Africa Steel Market (2021-2027): Market Forecast By Countries (South Africa, Nigeria, Kenya, Rest Of Africa), By Types (Flat Steel, Long Steel), By Product Type (Structural Steel, Prestressing Steel, Bright Steel, Welding Wire/Rod, Iron Steel Wire, Ropes, Braids), By Applications (Building & Construction, Electrical Appliances, Metal Products, Domestic Appliances, Mechanical Equipment, Automotive, Others) And Competitive Landscape

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