The global raw steel market is expected to grow at a CAGR of 3.5% during the forecast period, from 2021 to 2030. The growth in the market is attributed to the increasing demand for raw steel in various applications such as construction, transport, energy infrastructures, packaging and appliances and industry. The demand for raw steel is also driven by its use as a key input material in various industries such as automotive and aerospace. Raw steel production has been on an upward trend over the past few years due to increased investments by governments across different regions of the world. The global raw steel market can be segmented on the basis of type into pig iron as raw material and scrap iron as raw material; on application into construction, transport, energy infrastructures, packaging and appliances and industry; and region into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) & Middle East & Africa (MEA). 5a) Steel production in India is expected to grow at a rate of 5% annually over the next 10 years due to increased urbanization rates and industrialization efforts from the government; this will lead to an increased demand for raw materials like iron ore, coal, limestone, etc, as well as finished products like cement or rebar that are made from these inputs; this will also lead to an increase in jobs related to mining or manufacturing these goods (e.g., jobs related with mining coal). 5b) Steel production in India is expected to grow at a rate of 5% annually over the next 10 years due 6 factors: 1) Increased urbanization rates 2) Industrialization efforts from government 3) Increased use of electricity 4) Increase in number of factories 5) Increase in number of cars 6) Increase in number of buildings.
Some Of The Growth Factors Of This Market:
- The demand for steel is expected to grow by 2% annually, which will lead to a need for more raw steel.
- The global population is expected to grow by 1 billion people in the next 20 years, which will increase the demand for steel and raw materials.
- China's economic growth has slowed down, but it still remains one of the world's largest consumers of raw materials and steel products.
- The United States' economy has been growing steadily since 2009, which has led to an increased demand for construction projects and other infrastructure projects that require large amounts of raw materials like steel and concrete.
Industry Growth Insights published a new data on “Raw Steel Market”. The research report is titled “Raw Steel Market research by Types (Pig Iron as Raw Material, Scrap Iron as Raw Material), By Applications (Construction, Transport, Energy infrastructures, Packaging, Appliances and Industry), By Players/Companies ArcelorMittal, Hesteel Group, Nippon Steel & Sumitomo Metal, POSCO, Baosteel Group, Jiangsu Shagang, Ansteel Group, JFE, Shougang, Tata Steel, Wuhan Iron and Steel Corporation, Shandong Iron and Steel Group, Hyundai Steel, Nucor Corporation, Maanshan Iron and Steel Company”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Raw Steel Market Research Report
By Type
Pig Iron as Raw Material, Scrap Iron as Raw Material
By Application
Construction, Transport, Energy infrastructures, Packaging, Appliances and Industry
By Companies
ArcelorMittal, Hesteel Group, Nippon Steel & Sumitomo Metal, POSCO, Baosteel Group, Jiangsu Shagang, Ansteel Group, JFE, Shougang, Tata Steel, Wuhan Iron and Steel Corporation, Shandong Iron and Steel Group, Hyundai Steel, Nucor Corporation, Maanshan Iron and Steel Company
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Raw Steel Market Report Segments:
The global Raw Steel market is segmented on the basis of:
Types
Pig Iron as Raw Material, Scrap Iron as Raw Material
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
Construction, Transport, Energy infrastructures, Packaging, Appliances and Industry
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
- Hesteel Group
- Nippon Steel & Sumitomo Metal
- POSCO
- Baosteel Group
- Jiangsu Shagang
- Ansteel Group
- JFE
- Shougang
- Tata Steel
- Wuhan Iron and Steel Corporation
- Shandong Iron and Steel Group
- Hyundai Steel
- Nucor Corporation
- Maanshan Iron and Steel Company
Highlights of The Raw Steel 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:
- Pig Iron as Raw Material
- Scrap Iron as Raw Material
- By Application:
- Construction
- Transport
- Energy infrastructures
- Packaging
- Appliances and Industry
- 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 Raw 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.
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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?
Some of the major players in the raw steel market are ArcelorMittal, Hesteel Group, Nippon Steel & Sumitomo Metal, POSCO, Baosteel Group, Jiangsu Shagang, Ansteel Group, JFE, Shougang, Tata Steel, Wuhan Iron and Steel Corporation, Shandong Iron and Steel Group, Hyundai Steel, Nucor Corporation, Maanshan Iron and Steel Company.
The raw steel market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Raw 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. Raw Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Raw Steel Market - Supply Chain
4.5. Global Raw Steel Market Forecast
4.5.1. Raw Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Raw Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Raw Steel Market Absolute $ Opportunity
5. Global Raw 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. Raw Steel Market Size and Volume Forecast by Type
5.3.1. Pig Iron as Raw Material
5.3.2. Scrap Iron as Raw Material
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Raw 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. Raw Steel Market Size and Volume Forecast by Application
6.3.1. Construction
6.3.2. Transport
6.3.3. Energy infrastructures
6.3.4. Packaging
6.3.5. Appliances and Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Raw 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. Raw 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 Raw 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. Raw 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 Raw Steel Demand Share Forecast, 2019-2026
9. North America Raw 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 Raw 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 Raw Steel Market Size and Volume Forecast by Application
9.4.1. Construction
9.4.2. Transport
9.4.3. Energy infrastructures
9.4.4. Packaging
9.4.5. Appliances and Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Raw Steel Market Size and Volume Forecast by Type
9.7.1. Pig Iron as Raw Material
9.7.2. Scrap Iron as Raw Material
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 Raw Steel Demand Share Forecast, 2019-2026
10. Latin America Raw 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 Raw 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 Raw Steel Market Size and Volume Forecast by Application
10.4.1. Construction
10.4.2. Transport
10.4.3. Energy infrastructures
10.4.4. Packaging
10.4.5. Appliances and Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Raw Steel Market Size and Volume Forecast by Type
10.7.1. Pig Iron as Raw Material
10.7.2. Scrap Iron as Raw Material
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 Raw Steel Demand Share Forecast, 2019-2026
11. Europe Raw 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 Raw 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 Raw Steel Market Size and Volume Forecast by Application
11.4.1. Construction
11.4.2. Transport
11.4.3. Energy infrastructures
11.4.4. Packaging
11.4.5. Appliances and Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Raw Steel Market Size and Volume Forecast by Type
11.7.1. Pig Iron as Raw Material
11.7.2. Scrap Iron as Raw Material
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potentil Analysis
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 Raw Steel Demand Share, 2019-2026
12. Asia Pacific Raw 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 Raw 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 Raw Steel Market Size and Volume Forecast by Application
12.4.1. Construction
12.4.2. Transport
12.4.3. Energy infrastructures
12.4.4. Packaging
12.4.5. Appliances and Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Raw Steel Market Size and Volume Forecast by Type
12.7.1. Pig Iron as Raw Material
12.7.2. Scrap Iron as Raw Material
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 Raw Steel Demand Share, 2019-2026
13. Middle East & Africa Raw 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 Raw 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 Raw Steel Market Size and Volume Forecast by Application
13.4.1. Construction
13.4.2. Transport
13.4.3. Energy infrastructures
13.4.4. Packaging
13.4.5. Appliances and Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Raw Steel Market Size and Volume Forecast by Type
13.7.1. Pig Iron as Raw Material
13.7.2. Scrap Iron as Raw Material
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 Raw Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Raw Steel Market: Market Share Analysis
14.2. Raw Steel Distributors and Customers
14.3. Raw Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ArcelorMittal
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hesteel Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nippon Steel & Sumitomo Metal
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. POSCO
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Baosteel Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jiangsu Shagang
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ansteel Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. JFE
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shougang
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tata Steel
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Wuhan Iron and Steel Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Shandong Iron and Steel Group
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Hyundai Steel
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Nucor Corporation
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Maanshan Iron and Steel Company
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook