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Steel - Global Market Trajectory & Analytics

  • ID: 338732
  • Report
  • July 2020
  • Region: Global
  • 294 Pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • EVRAZ NTMK (Russia)
  • EVRAZ plc (UK)
  • Gerdau S.A. (Brazil)
  • HBIS Group (China)
  • Nucor Corporation (USA)
  • POSCO (South Korea)
  • MORE
The global Steel market is projected to reach 1.74 billion metric tons by 2024, driven by increasing consumption in India, Russia, Turkey and other emerging markets, even as Chinese consumption slows down. Few of the factors responsible for the decline in Chinese consumption of steel include the government’s decision to cap steel production as part of a focused economic policy skewed towards environmental protection and the resulting closure of polluting steel plants; slowing economic growth and a parallel decline in domestic steel consumption in construction, housing and heavy machinery manufacturing. With the global steel industry dominated by China, the volatile domestic market condition is infusing significant uncertainty in the international market. Nevertheless, promising growth in developing countries is helping partially counterbalance the Chinese decline and brighten the outlook. Given that construction and transportation industries are the primary consumers of steel accounting for nearly two-thirds of global steel consumption, infrastructure developments in emerging markets are helping sustain growth in steel consumption. In addition, projected improvements in U.S production of steel at the back of hefty duties imposed by the Trump administration on Chinese imports is also expected to benefit growth in the market. China represents the largest market worldwide with consumption in the country projected to decline over the analysis period. India is expected to be the next growth driver of global steel consumption. Driven by India, Asia-Pacific (excluding Japan and China) is forecast to emerge as one of the fastest growing markets with a CAGR of 4.1% over the analysis period. Other emerging markets in the spotlight include Turkey, Russia, and other Latin American and Middle Eastern countries.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • EVRAZ NTMK (Russia)
  • EVRAZ plc (UK)
  • Gerdau S.A. (Brazil)
  • HBIS Group (China)
  • Nucor Corporation (USA)
  • POSCO (South Korea)
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Steel Industry - A Prelude

Recent Market Activity

Steel Market Witnesses Uptick in Demand and Prices

Overcapacity & Inventory Levels - A Review

China Holds the Key

Chinese Steel Consumption to Slow Down - India Could Fill the Gap with Strongly Growing Appetite for the Metal

Global Demand for Steel to Slowdown in 2018 due to Chinese Curbs on Excess Capacity

China Announces Plans to Cap Steel Production

Steel Price Differential - Global Impacts

Globalization & Rationalization - A Surviving Strategy

Emerging Economies to Considerably Impel Global Steel Demand

Global Competitor Market Shares

Steel Competitor Market Share Scenario Worldwide (in %): 2018 & 2029

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

Ansteel Group Corporation Limited (China)

ArcelorMittal S.A. (Luxembourg)

China Baowu Steel Group Corporation Limited (China)

EVRAZ plc (UK)

EVRAZ NTMK (Russia)

Gerdau S.A. (Brazil)

HBIS Group (China)

HYUNDAI Steel Company (South Korea)

JFE Steel Corporation (Japan)

Jiangsu Shagang Group (China)

Nippon Steel & Sumitomo Metal Corporation (Japan)

Nucor Corporation (USA)

POSCO (South Korea)

Riva Group (Italy)

Shandong Iron and Steel Group Co. Ltd. (China)

Shougang Corporation (China)

Tata Steel Group (India)

Tata Steel Europe Ltd. (UK)

thyssenkrupp Steel Europe AG (Germany)

United States Steel Corporation (USA)

3. MARKET TRENDS & DRIVERS

Impact of US Steel Tariffs - A Brief Review

Improving Economy Buoys General Market Optimism

Steel Logistics to be affected by US Tariffs

US Import Tariffs on Steel to hurt South Korea and EU Countries the Most

Ongoing Drive for Lighter Weight Vehicles Drives Demand for High Strength Steel

Emissions Regulations Landscape in Major Countries/Regions

Innovations and Product Differentiation Grow in Focus

High Performance Steel Grades Gain Importance in Machinery

Steel Vs Aluminum: The Material Wars Continue

Demand for Stainless Steel Gains Momentum

Demand for Special Long Steel on the Rise

Steel Manufacturers Move Closer to Customers

Rising Demand for Recycled Steel Pushes Demand for Steel Scrap

Stainless Steel Continues to Reign Appliances Market

Carbon Steel Market - A Review

Move towards EAF - An Ongoing Trend

Steel Industry Persists with its Energy Conservation Drive

Environmentally Friendly Approach Gains Focus

Global GDP Performance & Market Outlook

Manufacturing Sector to Support Growth

Steel Industry Fortunes Intrinsically Tied to Construction Industry Dynamics

Population Growth & Urbanization Drive Demand for Steel

Urbanization in Developing Countries to Drive Growth

Revival in the Automotive Industry Improve Prospects

Price Volatility in Oil and Gas Sector Impacts Demand

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Steel Global Market Estimates and Forecasts in Metric Tons by Region/Country: 2020-2027
TABLE 2: Steel Global Retrospective Market Scenario in Metric Tons by Region/Country: 2012-2019
TABLE 3: Steel Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Construction (End-Use) Global Opportunity Assessment in Metric Tons by Region/Country: 2020-2027
TABLE 5: Construction (End-Use) Historic Sales Analysis in Metric Tons by Region/Country: 2012-2019
TABLE 6: Construction (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Transportation (End-Use) Worldwide Sales in Metric Tons by Region/Country: 2020-2027
TABLE 8: Transportation (End-Use) Historic Demand Patterns in Metric Tons by Region/Country: 2012-2019
TABLE 9: Transportation (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027
TABLE 10: Machinery (End-Use) Global Market Estimates & Forecasts in Metric Tons by Region/Country: 2020-2027
TABLE 11: Machinery (End-Use) Retrospective Demand Analysis in Metric Tons by Region/Country: 2012-2019
TABLE 12: Machinery (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Metal Goods (End-Use) Demand Potential Worldwide in Metric Tons by Region/Country: 2020-2027
TABLE 14: Metal Goods (End-Use) Historic Sales Analysis in Metric Tons by Region/Country: 2012-2019
TABLE 15: Metal Goods (End-Use) Share Breakdown Review by Region/Country: 2012 VS 2020 VS 2027
TABLE 16: Household Appliances (End-Use) Worldwide Latent Demand Forecasts in Metric Tons by Region/Country: 2020-2027
TABLE 17: Household Appliances (End-Use) Global Historic Analysis in Metric Tons by Region/Country: 2012-2019
TABLE 18: Household Appliances (End-Use) Distribution of Global Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 19: Other End-Uses (End-Use) Sales Estimates and Forecasts in Metric Tons by Region/Country for the Years 2020 through 2027
TABLE 20: Other End-Uses (End-Use) Analysis of Historic Sales in Metric Tons by Region/Country for the Years 2012 to 2019
TABLE 21: Other End-Uses (End-Use) Global Market Share Distribution by Region/Country for 2012, 2020, and 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Steel Market Share (in %) by Company: 2018 & 2025

Market Analytics
TABLE 22: United States Steel Latent Demand Forecasts in Metric Tons by End-Use: 2020 to 2027
TABLE 23: Steel Historic Demand Patterns in the United States by End-Use in Metric Tons for 2012-2019
TABLE 24: Steel Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027

CANADA

TABLE 25: Canadian Steel Market Quantitative Demand Analysis in Metric Tons by End-Use: 2020 to 2027
TABLE 26: Steel Market in Canada: Summarization of Historic Demand Patterns in Metric Tons by End-Use for 2012-2019
TABLE 27: Canadian Steel Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

JAPAN

TABLE 28: Japanese Demand Estimates and Forecasts for Steel in Metric Tons by End-Use: 2020 to 2027
TABLE 29: Japanese Steel Market in Metric Tons by End-Use: 2012-2019
TABLE 30: Steel Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027

CHINA

TABLE 31: Chinese Demand for Steel in Metric Tons by End-Use: 2020 to 2027
TABLE 32: Steel Market Review in China in Metric Tons by End-Use: 2012-2019
TABLE 33: Chinese Steel Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

EUROPE

Market Facts & Figures

European Steel Market: Competitor Market Share Scenario (in %) for 2018 & 2025

Market Analytics
TABLE 34: European Steel Market Demand Scenario in Metric Tons by Region/Country: 2020-2027
TABLE 35: Steel Market in Europe: A Historic Market Perspective in Metric Tons by Region/Country for the Period 2012-2019
TABLE 36: European Steel Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 37: European Steel Addressable Market Opportunity in Metric Tons by End-Use: 2020-2027
TABLE 38: Steel Market in Europe: Summarization of Historic Demand in Metric Tons by End-Use for the Period 2012-2019
TABLE 39: European Steel Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

FRANCE

TABLE 40: Steel Quantitative Demand Analysis in France in Metric Tons by End-Use: 2020-2027
TABLE 41: French Steel Historic Market Review in Metric Tons by End-Use: 2012-2019
TABLE 42: French Steel Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027

GERMANY

TABLE 43: Steel Market in Germany: Annual Sales Estimates and Forecasts in Metric Tons by End-Use for the Period 2020-2027
TABLE 44: German Steel Market in Retrospect in Metric Tons by End-Use: 2012-2019
TABLE 45: Steel Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027

ITALY

TABLE 46: Italian Demand for Steel in Metric Tons by End-Use: 2020 to 2027
TABLE 47: Steel Market Review in Italy in Metric Tons by End-Use: 2012-2019
TABLE 48: Italian Steel Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

UNITED KINGDOM

TABLE 49: United Kingdom Demand Estimates and Forecasts for Steel in Metric Tons by End-Use: 2020 to 2027
TABLE 50: United Kingdom Steel Market in Metric Tons by End-Use: 2012-2019
TABLE 51: Steel Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027

SPAIN

TABLE 52: Spanish Steel Market Quantitative Demand Analysis in Metric Tons by End-Use: 2020 to 2027
TABLE 53: Steel Market in Spain: Summarization of Historic Demand Patterns in Metric Tons by End-Use for 2012-2019
TABLE 54: Spanish Steel Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

RUSSIA

TABLE 55: Russian Steel Latent Demand Forecasts in Metric Tons by End-Use: 2020 to 2027
TABLE 56: Steel Historic Demand Patterns in Russia by End-Use in Metric Tons for 2012-2019
TABLE 57: Steel Market Share Breakdown in Russia by End-Use: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 58: Rest of Europe Steel Addressable Market Opportunity in Metric Tons by End-Use: 2020-2027
TABLE 59: Steel Market in Rest of Europe: Summarization of Historic Demand in Metric Tons by End-Use for the Period 2012-2019
TABLE 60: Rest of Europe Steel Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 61: Asia-Pacific Steel Market Estimates and Forecasts in Metric Tons by Region/Country: 2020-2027
TABLE 62: Steel Market in Asia-Pacific: Historic Market Analysis in Metric Tons by Region/Country for the Period 2012-2019
TABLE 63: Asia-Pacific Steel Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 64: Steel Quantitative Demand Analysis in Asia-Pacific in Metric Tons by End-Use: 2020-2027
TABLE 65: Asia-Pacific Steel Historic Market Review in Metric Tons by End-Use: 2012-2019
TABLE 66: Asia-Pacific Steel Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027

AUSTRALIA

TABLE 67: Steel Market in Australia: Annual Sales Estimates and Forecasts in Metric Tons by End-Use for the Period 2020-2027
TABLE 68: Australian Steel Market in Retrospect in Metric Tons by End-Use: 2012-2019
TABLE 69: Steel Market Share Distribution in Australia by End-Use: 2012 VS 2020 VS 2027

INDIA

TABLE 70: Indian Steel Market Quantitative Demand Analysis in Metric Tons by End-Use: 2020 to 2027
TABLE 71: Steel Market in India: Summarization of Historic Demand Patterns in Metric Tons by End-Use for 2012-2019
TABLE 72: Indian Steel Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

SOUTH KOREA

TABLE 73: Steel Market in South Korea: Recent Past, Current and Future Analysis in Metric Tons by End-Use for the Period 2020-2027
TABLE 74: South Korean Steel Historic Market Analysis in Metric Tons by End-Use: 2012-2019
TABLE 75: Steel Market Share Distribution in South Korea by End-Use: 2012 VS 2020 VS 2027

REST OF ASIA-PACIFIC

TABLE 76: Rest of Asia-Pacific Demand Estimates and Forecasts for Steel in Metric Tons by End-Use: 2020 to 2027
TABLE 77: Rest of Asia-Pacific Steel Market in Metric Tons by End-Use: 2012-2019
TABLE 78: Steel Market Share Shift in Rest of Asia-Pacific by End-Use: 2012 VS 2020 VS 2027

LATIN AMERICA

TABLE 79: Latin American Steel Market Trends by Region/Country in Metric Tons: 2020-2027
TABLE 80: Steel Market in Latin America in Metric Tons by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 81: Latin American Steel Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 82: Latin American Demand for Steel in Metric Tons by End-Use: 2020 to 2027
TABLE 83: Steel Market Review in Latin America in Metric Tons by End-Use: 2012-2019
TABLE 84: Latin American Steel Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

ARGENTINA

TABLE 85: Argentinean Steel Addressable Market Opportunity in Metric Tons by End-Use: 2020-2027
TABLE 86: Steel Market in Argentina: Summarization of Historic Demand in Metric Tons by End-Use for the Period 2012-2019
TABLE 87: Argentinean Steel Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

BRAZIL

TABLE 88: Steel Quantitative Demand Analysis in Brazil in Metric Tons by End-Use: 2020-2027
TABLE 89: Brazilian Steel Historic Market Review in Metric Tons by End-Use: 2012-2019
TABLE 90: Brazilian Steel Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027

MEXICO

TABLE 91: Steel Market in Mexico: Annual Sales Estimates and Forecasts in Metric Tons by End-Use for the Period 2020-2027
TABLE 92: Mexican Steel Market in Retrospect in Metric Tons by End-Use: 2012-2019
TABLE 93: Steel Market Share Distribution in Mexico by End-Use: 2012 VS 2020 VS 2027

REST OF LATIN AMERICA

TABLE 94: Rest of Latin America Steel Latent Demand Forecasts in Metric Tons by End-Use: 2020 to 2027
TABLE 95: Steel Historic Demand Patterns in Rest of Latin America by End-Use in Metric Tons for 2012-2019
TABLE 96: Steel Market Share Breakdown in Rest of Latin America by End-Use: 2012 VS 2020 VS 2027

MIDDLE EAST

TABLE 97: The Middle East Steel Market Estimates and Forecasts in Metric Tons by Region/Country: 2020-2027
TABLE 98: Steel Market in the Middle East by Region/Country in Metric Tons: 2012-2019
TABLE 99: The Middle East Steel Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 100: The Middle East Steel Market Quantitative Demand Analysis in Metric Tons by End-Use: 2020 to 2027
TABLE 101: Steel Market in the Middle East: Summarization of Historic Demand Patterns in Metric Tons by End-Use for 2012-2019
TABLE 102: The Middle East Steel Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

IRAN

TABLE 103: Iranian Demand Estimates and Forecasts for Steel in Metric Tons by End-Use: 2020 to 2027
TABLE 104: Iranian Steel Market in Metric Tons by End-Use: 2012-2019
TABLE 105: Steel Market Share Shift in Iran by End-Use: 2012 VS 2020 VS 2027

ISRAEL

TABLE 106: Israeli Steel Addressable Market Opportunity in Metric Tons by End-Use: 2020-2027
TABLE 107: Steel Market in Israel: Summarization of Historic Demand in Metric Tons by End-Use for the Period 2012-2019
TABLE 108: Israeli Steel Market Share Analysis by End-Use: 2012 VS 2020 VS 2027

SAUDI ARABIA

TABLE 109: Saudi Arabian Demand for Steel in Metric Tons by End-Use: 2020 to 2027
TABLE 110: Steel Market Review in Saudi Arabia in Metric Tons by End-Use: 2012-2019
TABLE 111: Saudi Arabian Steel Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027

UNITED ARAB EMIRATES

TABLE 112: Steel Market in the United Arab Emirates: Recent Past, Current and Future Analysis in Metric Tons by End-Use for the Period 2020-2027
TABLE 113: United Arab Emirates Steel Historic Market Analysis in Metric Tons by End-Use: 2012-2019
TABLE 114: Steel Market Share Distribution in United Arab Emirates by End-Use: 2012 VS 2020 VS 2027

REST OF MIDDLE EAST

TABLE 115: Steel Market in Rest of Middle East: Annual Sales Estimates and Forecasts in Metric Tons by End-Use for the Period 2020-2027
TABLE 116: Rest of Middle East Steel Market in Retrospect in Metric Tons by End-Use: 2012-2019
TABLE 117: Steel Market Share Distribution in Rest of Middle East by End-Use: 2012 VS 2020 VS 2027

AFRICA

TABLE 118: African Steel Latent Demand Forecasts in Metric Tons by End-Use: 2020 to 2027
TABLE 119: Steel Historic Demand Patterns in Africa by End-Use in Metric Tons for 2012-2019
TABLE 120: Steel Market Share Breakdown in Africa by End-Use: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 144

Note: Product cover images may vary from those shown
3 of 3
  • Ansteel Group Corporation Limited (China)
  • ArcelorMittal S.A. (Luxembourg)
  • China Baowu Steel Group Corporation Limited (China)
  • EVRAZ plc (UK)
  • EVRAZ NTMK (Russia)
  • Gerdau S.A. (Brazil)
  • HBIS Group (China)
  • HYUNDAI Steel Company (South Korea)
  • JFE Steel Corporation (Japan)
  • Jiangsu Shagang Group (China)
  • Nippon Steel & Sumitomo Metal Corporation (Japan)
  • Nucor Corporation (USA)
  • POSCO (South Korea)
  • Riva Group (Italy)
  • Shandong Iron and Steel Group Co. Ltd. (China)
  • Shougang Corporation (China)
  • Tata Steel Group (India)
  • Tata Steel Europe Ltd. (UK)
  • thyssenkrupp Steel Europe AG (Germany)
  • United States Steel Corporation (USA)
Note: Product cover images may vary from those shown
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