Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Iron & Steel Market by Type (Iron, Steel), By Application (Building, Construction, Railways, Fertilizers, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Iron & Steel Market by Type (Iron, Steel), By Application (Building, Construction, Railways, Fertilizers, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 137487 3300 Chemical & Material 377 249 Pages 4.6 (41)

Market Overview:

The global iron and steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for steel in construction and infrastructure sectors, globally. Additionally, rising demand for automobiles and railways is also propelling the growth of this market. Asia Pacific is expected to be the fastest-growing region during the forecast period, followed by Europe.

Global Iron & Steel Industry Outlook

Product Definition:

Iron is a chemical element with symbol Fe and atomic number 26. It is a metal in the first transition series. It is by mass the most common element on Earth, forming much of Earth's outer and inner core. Steel is an alloy of iron and carbon, containing up to 2% carbon by weight.


Iron is a metal and group of minerals. It has various forms including ferrous (Fe2+), non-ferrous (non-metallic) and others. Iron can be found in the soil, rocks, water or even animals. The most common form of iron ore is known as hematite which contains iron and oxygen together.


Steel is a hard, iron-based alloy that is produced by the heating of iron above its melting point. The metal has high tensile strength and can be easily shaped, forming tools & dies or wire. It also has good ductility and strong corrosion resistance making it suitable for use in construction materials such as beams, channels & structural shapes; automotive components; shipbuilding products; machinery parts; railways equipment etc.

Application Insights:

Building was the largest application segment in 2017 and accounted for a volume share of over 50.0% in the global iron and steel market. The segment is expected to witness growth on account of increasing construction activities across various economies including India, China, U.S., Germany, Brazil etc. Growing urbanization along with rising demand for high-quality construction materials is anticipated to propel product demand over the forecast period.

The railway application segment was valued at USD 3,000 million in 2017 owing to growing investments by governments & private companies for expanding & upgrading rail networks especially in Europe.

Regional Analysis:

Asia Pacific dominated the global iron and steel market in 2016, accounting for a share of 59.2%. The region is also expected to be the fastest-growing market over the forecast period owing to rapid industrialization coupled with increasing infrastructure spending. In addition, rising demand from end-use industries such as construction and automotive will drive growth over the coming years.

The European market was valued at USD X billion in 2016 and is projected to grow at a rate of 4% during the forecast period. Increasing investments in railways are expected to propel product demand across Europe during the forecast period. For instance, according to Infrastructurshub International (IIPV), EU member states have invested approximately USD X trillion on rail infrastructure projects between 2007-2013 which include construction of high speed railway lines as well as stations renovation/construction activities etc., thus creating ample opportunities for industry expansion over next eight years or so till 2018  ending date  of this study).

Growth Factors:

  • Growing demand from construction and infrastructure sectors
  • Rising demand for automobiles and appliances
  • Increasing use of steel in renewable energy sector
  • Rapid industrialization in emerging economies
  • Technological advancements that improve the quality and efficiency of steel production

Scope Of The Report

Report Attributes

Report Details

Report Title

Iron & Steel Market Research Report

By Type

Iron, Steel

By Application

Building, Construction, Railways, Fertilizers, Others

By Companies

JFE Steel, Arcelor Mittal, TATA Steel, NLMK, Harsco, POSCO, JSW, ArcelorMittal, Kobe Steel, Steel Authority of India, Nippon Steel & Sumitomo Metal, Edw. C. Levy

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Iron & Steel Market Report Segments:

The global Iron & Steel market is segmented on the basis of:


Iron, Steel

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.


Building, Construction, Railways, Fertilizers, Others

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:

  1. JFE Steel
  2. Arcelor Mittal
  3. TATA Steel
  4. NLMK
  5. Harsco
  6. POSCO
  7. JSW
  8. ArcelorMittal
  9. Kobe Steel
  10. Steel Authority of India
  11. Nippon Steel & Sumitomo Metal
  12. Edw. C. Levy

Global Iron & Steel Market Overview

Highlights of The Iron & Steel Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Iron
    2. Steel
  1. By Application:

    1. Building
    2. Construction
    3. Railways
    4. Fertilizers
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Iron & Steel 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

Global Iron & Steel Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Iron and steel are two types of metals. Iron is a metal that is found in the Earth's crust. It is a strong, durable metal that can be made into many different objects. Steel is a type of iron that has been treated with carbon to make it stronger.

Some of the major companies in the iron & steel market are JFE Steel, Arcelor Mittal, TATA Steel, NLMK, Harsco, POSCO, JSW, ArcelorMittal, Kobe Steel, Steel Authority of India, Nippon Steel & Sumitomo Metal, Edw. C. Levy.

The iron & steel market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Iron & Steel Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Iron & Steel Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Iron & Steel Market - Supply Chain
   4.5. Global Iron & Steel Market Forecast
      4.5.1. Iron & Steel Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Iron & Steel Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Iron & Steel Market Absolute $ Opportunity

5. Global Iron & Steel Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Iron & Steel Market Size and Volume Forecast by Type
      5.3.1. Iron
      5.3.2. Steel
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Iron & Steel Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Iron & Steel Market Size and Volume Forecast by Application
      6.3.1. Building
      6.3.2. Construction
      6.3.3. Railways
      6.3.4. Fertilizers
      6.3.5. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Iron & Steel Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Iron & Steel Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Iron & Steel Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Iron & Steel Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Iron & Steel Demand Share Forecast, 2019-2029

9. North America Iron & Steel Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Iron & Steel Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Iron & Steel Market Size and Volume Forecast by Application
      9.4.1. Building
      9.4.2. Construction
      9.4.3. Railways
      9.4.4. Fertilizers
      9.4.5. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Iron & Steel Market Size and Volume Forecast by Type
      9.7.1. Iron
      9.7.2. Steel
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Iron & Steel Demand Share Forecast, 2019-2029

10. Latin America Iron & Steel Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Iron & Steel Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Iron & Steel Market Size and Volume Forecast by Application
      10.4.1. Building
      10.4.2. Construction
      10.4.3. Railways
      10.4.4. Fertilizers
      10.4.5. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Iron & Steel Market Size and Volume Forecast by Type
      10.7.1. Iron
      10.7.2. Steel
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Iron & Steel Demand Share Forecast, 2019-2029

11. Europe Iron & Steel Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Iron & Steel Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Iron & Steel Market Size and Volume Forecast by Application
      11.4.1. Building
      11.4.2. Construction
      11.4.3. Railways
      11.4.4. Fertilizers
      11.4.5. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Iron & Steel Market Size and Volume Forecast by Type
      11.7.1. Iron
      11.7.2. Steel
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analyss
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Iron & Steel Demand Share, 2019-2029

12. Asia Pacific Iron & Steel Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Iron & Steel Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Iron & Steel Market Size and Volume Forecast by Application
      12.4.1. Building
      12.4.2. Construction
      12.4.3. Railways
      12.4.4. Fertilizers
      12.4.5. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Iron & Steel Market Size and Volume Forecast by Type
      12.7.1. Iron
      12.7.2. Steel
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Iron & Steel Demand Share, 2019-2029

13. Middle East & Africa Iron & Steel Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Iron & Steel Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Iron & Steel Market Size and Volume Forecast by Application
      13.4.1. Building
      13.4.2. Construction
      13.4.3. Railways
      13.4.4. Fertilizers
      13.4.5. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Iron & Steel Market Size and Volume Forecast by Type
      13.7.1. Iron
      13.7.2. Steel
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Iron & Steel Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Iron & Steel Market: Market Share Analysis
   14.2. Iron & Steel Distributors and Customers
   14.3. Iron & Steel Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. JFE Steel Overview Financials Developments Strategic Outlook
      14.4.2. Arcelor Mittal Overview Financials Developments Strategic Outlook
      14.4.3. TATA Steel Overview Financials Developments Strategic Outlook
      14.4.4. NLMK Overview Financials Developments Strategic Outlook
      14.4.5. Harsco Overview Financials Developments Strategic Outlook
      14.4.6. POSCO Overview Financials Developments Strategic Outlook
      14.4.7. JSW Overview Financials Developments Strategic Outlook
      14.4.8. ArcelorMittal Overview Financials Developments Strategic Outlook
      14.4.9. Kobe Steel Overview Financials Developments Strategic Outlook
      14.4.10. Steel Authority of India Overview Financials Developments Strategic Outlook
      14.4.11. Nippon Steel & Sumitomo Metal Overview Financials Developments Strategic Outlook
      14.4.12. Edw. C. Levy Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

Our Trusted Clients

Contact Us