Market Overview:
The global crude steel and iron market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for crude steel and iron from various end-use industries, such as building & infrastructure, mechanical equipment, automotive, metal products, electrical equipment, domestic appliances and other transport. Asia Pacific is expected to be the fastest-growing region in the global crude steel and iron market during the forecast period.
Product Definition:
Iron and steel are both metals that are used extensively in industry. Iron is the most common metal on Earth, while steel is a type of iron that has been alloyed with carbon.
Oxygen Process:
The oxygen process is a method of producing steel and iron wherein air is passed over liquid metal in the presence of oxygen. The basic raw materials required for this process are liquid metallurgical steel or ferrous sulfide (FeS) which is melted in an electric furnace and then carried by pipes to the area where it is used.
Electric Process:
Electric process is used to convert pig iron or crude steel into useful shapes and sizes. It includes basic operations such as heating, cooling, dressing, annealing and refining. The electric furnace uses electricity for heat transfer from the feedstock to the metal; it can be either a gas-fired or water-fired device.
Application Insights:
The application segment includes mechanical equipment, automotive, electrical equipment, building & infrastructure and other transport. The mechanical equipment segment accounted for the largest volume share of over 50% in 2017. This is attributed to the growing demand from construction industry for steel products including beams and columns.
Building & infrastructure was the second-largest application sub-segment in 2017 owing to increasing demand from countries such as India, China and Brazil for cold rolled coil (CCR) products used in various structures such as bridges and buildings. In addition, crude steel is also used directly by the construction industry in its structural components including beams, girders etc., which are further utilized by end users on a commercial scale.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 60% of the total revenue in 2017 owing to high demand from end-use industries, such as building & construction, automotive, machinery and others. China is projected to remain a key consumer due to increasing investments in infrastructure development coupled with rising manufacturing activities across various end-use sectors.
The growth of crude steel production mainly contributes towards China’s economic growth as it provides employment opportunities for large population within the country thereby reducing brain drain scenario which has become prominent among developing countries including India and Philippines.
Growth Factors:
- Increasing demand from construction and infrastructure sectors
- Rising demand from automobile and engineering industries
- Growing consumption in developing countries
- Proliferation of new steel production capacities globally
- Price volatility of key raw materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Crude Steel and Iron Market Research Report
By Type
Oxygen Process, Electric Process, Others
By Application
Building & Infrastructure, Mechanical Equipment, Automotive, Metal Products, Electrical Equipment, Domestic Appliances, Other Transport
By Companies
ArcelorMittal, China Baowu, Nippon Steel, HBIS, POSCO, Shagang, Ansteel, Jianlong, Tata Steel, Shougang, ArcelorMittal, JFE Steel, Valin, Nucor, Hyundai Steel, IMIDRO, JSW Steel, SAIL, Benxi Steel, Fangda Steel, NLMK, Baotou Steel, Techint, U. S. Steel, EVRAZ, Gerdau, MMK, Shaanxi Steel, Thyssenkrupp, SSAB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Crude Steel and Iron Market Report Segments:
The global Crude Steel and Iron market is segmented on the basis of:
Types
Oxygen Process, Electric Process, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Building & Infrastructure, Mechanical Equipment, Automotive, Metal Products, Electrical Equipment, Domestic Appliances, Other Transport
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ArcelorMittal
- China Baowu
- Nippon Steel
- HBIS
- POSCO
- Shagang
- Ansteel
- Jianlong
- Tata Steel
- Shougang
- ArcelorMittal
- JFE Steel
- Valin
- Nucor
- Hyundai Steel
- IMIDRO
- JSW Steel
- SAIL
- Benxi Steel
- Fangda Steel
- NLMK
- Baotou Steel
- Techint
- U. S. Steel
- EVRAZ
- Gerdau
- MMK
- Shaanxi Steel
- Thyssenkrupp
- SSAB
Highlights of The Crude Steel and Iron Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Oxygen Process
- Electric Process
- Others
- By Application:
- Building & Infrastructure
- Mechanical Equipment
- Automotive
- Metal Products
- Electrical Equipment
- Domestic Appliances
- Other Transport
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Crude Steel and Iron Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Crude steel and iron are materials that have been produced from raw ore. They are both strong, but they can also be brittle.
Some of the major companies in the crude steel and iron market are ArcelorMittal, China Baowu, Nippon Steel, HBIS, POSCO, Shagang, Ansteel, Jianlong, Tata Steel, Shougang, ArcelorMittal, JFE Steel, Valin, Nucor, Hyundai Steel, IMIDRO, JSW Steel, SAIL, Benxi Steel, Fangda Steel, NLMK, Baotou Steel, Techint, U. S. Steel, EVRAZ, Gerdau, MMK, Shaanxi Steel, Thyssenkrupp, SSAB.
The crude steel and iron market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Crude Steel and Iron Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Crude Steel and Iron Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Crude Steel and Iron Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Crude Steel and Iron Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Crude Steel and Iron Market Size & Forecast, 2018-2028
4.5.1 Crude Steel and Iron Market Size and Y-o-Y Growth
4.5.2 Crude Steel and Iron Market Absolute $ Opportunity
Chapter 5 Global Crude Steel and Iron Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Crude Steel and Iron Market Size Forecast by Type
5.2.1 Oxygen Process
5.2.2 Electric Process
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Crude Steel and Iron Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Crude Steel and Iron Market Size Forecast by Applications
6.2.1 Building & Infrastructure
6.2.2 Mechanical Equipment
6.2.3 Automotive
6.2.4 Metal Products
6.2.5 Electrical Equipment
6.2.6 Domestic Appliances
6.2.7 Other Transport
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Crude Steel and Iron Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Crude Steel and Iron Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Crude Steel and Iron Analysis and Forecast
9.1 Introduction
9.2 North America Crude Steel and Iron Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Crude Steel and Iron Market Size Forecast by Type
9.6.1 Oxygen Process
9.6.2 Electric Process
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Crude Steel and Iron Market Size Forecast by Applications
9.10.1 Building & Infrastructure
9.10.2 Mechanical Equipment
9.10.3 Automotive
9.10.4 Metal Products
9.10.5 Electrical Equipment
9.10.6 Domestic Appliances
9.10.7 Other Transport
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Crude Steel and Iron Analysis and Forecast
10.1 Introduction
10.2 Europe Crude Steel and Iron Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Crude Steel and Iron Market Size Forecast by Type
10.6.1 Oxygen Process
10.6.2 Electric Process
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Crude Steel and Iron Market Size Forecast by Applications
10.10.1 Building & Infrastructure
10.10.2 Mechanical Equipment
10.10.3 Automotive
10.10.4 Metal Products
10.10.5 Electrical Equipment
10.10.6 Domestic Appliances
10.10.7 Other Transport
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Crude Steel and Iron Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Crude Steel and Iron Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Crude Steel and Iron Market Size Forecast by Type
11.6.1 Oxygen Process
11.6.2 Electric Process
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Crude Steel and Iron Market Size Forecast by Applications
11.10.1 Building & Infrastructure
11.10.2 Mechanical Equipment
11.10.3 Automotive
11.10.4 Metal Products
11.10.5 Electrical Equipment
11.10.6 Domestic Appliances
11.10.7 Other Transport
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Crude Steel and Iron Analysis and Forecast
12.1 Introduction
12.2 Latin America Crude Steel and Iron Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Crude Steel and Iron Market Size Forecast by Type
12.6.1 Oxygen Process
12.6.2 Electric Process
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Crude Steel and Iron Market Size Forecast by Applications
12.10.1 Building & Infrastructure
12.10.2 Mechanical Equipment
12.10.3 Automotive
12.10.4 Metal Products
12.10.5 Electrical Equipment
12.10.6 Domestic Appliances
12.10.7 Other Transport
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Crude Steel and Iron Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Crude Steel and Iron Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Crude Steel and Iron Market Size Forecast by Type
13.6.1 Oxygen Process
13.6.2 Electric Process
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Crude Steel and Iron Market Size Forecast by Applications
13.10.1 Building & Infrastructure
13.10.2 Mechanical Equipment
13.10.3 Automotive
13.10.4 Metal Products
13.10.5 Electrical Equipment
13.10.6 Domestic Appliances
13.10.7 Other Transport
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Crude Steel and Iron Market: Competitive Dashboard
14.2 Global Crude Steel and Iron Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ArcelorMittal
14.3.2 China Baowu
14.3.3 Nippon Steel
14.3.4 HBIS
14.3.5 POSCO
14.3.6 Shagang
14.3.7 Ansteel
14.3.8 Jianlong
14.3.9 Tata Steel
14.3.10 Shougang
14.3.11 ArcelorMittal
14.3.12 JFE Steel
14.3.13 Valin
14.3.14 Nucor
14.3.15 Hyundai Steel
14.3.16 IMIDRO
14.3.17 JSW Steel
14.3.18 SAIL
14.3.19 Benxi Steel
14.3.20 Fangda Steel
14.3.21 NLMK
14.3.22 Baotou Steel
14.3.23 Techint
14.3.24 U. S. Steel
14.3.25 EVRAZ
14.3.26 Gerdau
14.3.27 MMK
14.3.28 Shaanxi Steel
14.3.29 Thyssenkrupp
14.3.30 SSAB
