+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
New

Steel North America (NAFTA) Industry Guide 2020-2029

  • PDF Icon

    Report

  • 257 Pages
  • August 2025
  • Region: North America
  • MarketLine
  • ID: 5312170
The NAFTA Steel industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The North American Free Trade Agreement (NAFTA) is a trade agreement between the countries in North America: the US, Canada and Mexico. The steel industry within the NAFTA countries had a total market value of $92.28 billion in 2024.The US was the fastest growing country, with a CAGR of 6% over the 2020-24 period.
  • Within the steel industry, the US is the leading country among the NAFTA bloc, with market revenues of $69.71 billion in 2024. This was followed by Mexico and Canada, with a value of $12.09 and $10.47 billion, respectively.
  • The US is expected to lead the steel industry in the NAFTA bloc, with a value of $79.15 billion in 2029, followed by Mexico and Canada with expected values of $14.03 and $11.99 billion, respectively.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the NAFTA steel market
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the NAFTA steel market
  • Leading company profiles reveal details of key steel market players’ NAFTA operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the NAFTA steel market with five year forecasts by both value and volume
  • Compares data from the US, Canada and Mexico, alongside individual chapters on each country

Reasons to Buy

  • What was the size of the NAFTA steel market by value in 2024?
  • What will be the size of the NAFTA steel market in 2029?
  • What factors are affecting the strength of competition in the NAFTA steel market?
  • How has the market performed over the last five years?
  • What are the main segments that make up the NAFTA steel market?

Table of Contents

1 Introduction
1.1. What is this report about?
1.2. Who is the target reader?
1.3. How to use this report
1.4. Definitions
2 NAFTA Steel
2.1. Industry Outlook
3 Steel in Canada
3.1. Market Overview
3.2. Market Data
3.3. Market Segmentation
3.4. Market outlook
3.5. Five forces analysis
4 Macroeconomic Indicators
4.1. Country data
5 Steel in Mexico
5.1. Market Overview
5.2. Market Data
5.3. Market Segmentation
5.4. Market outlook
5.5. Five forces analysis
6 Macroeconomic Indicators
6.1. Country data
7 Steel in The United States
7.1. Market Overview
7.2. Market Data
7.3. Market Segmentation
7.4. Market outlook
7.5. Five forces analysis
8 Macroeconomic Indicators
8.1. Country data
9 Company Profiles
9.1. China Baowu Steel Group Corp Ltd
9.2. ArcelorMittal SA
9.3. Ansteel Group Corp Ltd
9.4. Nippon Steel Corp
9.5. JSW Steel Ltd
9.6. Tata Steel Ltd
9.7. ThyssenKrupp AG
9.8. Tata Steel Europe Ltd
9.9. Grupo Celsa
9.10. Aperam SA
9.11. Vallourec SA
9.12. Salzgitter AG
9.13. Saarstahl AG
9.14. BlueScope Steel Ltd
9.15. Liberty Steel Group
9.16. Bisalloy Steel Group Ltd
9.17. Gerdau SA
9.18. Companhia Siderurgica Nacional
9.19. Usinas Siderurgicas de Minas Gerais SA
9.20. Stelco Holdings Inc
9.21. Evraz Plc
9.22. HBIS Group Co Ltd
9.23. Jiangsu Shagang Group Co Ltd
9.24. Anshan Iron and Steel Group Co Ltd
9.25. Steel Authority of India Ltd
9.26. Jindal Steel Ltd
9.27. PT Krakatau Steel Persero Tbk
9.28. PT Gunung Raja Paksi Tbk
9.29. PT Steel Pipe Industry of Indonesia Tbk
9.30. Marcegaglia Steel SpA
9.31. Arvedi Group
9.32. Danieli & C. Officine Meccaniche SpA
9.33. JFE Holdings Inc
9.34. Kobe Steel Ltd
9.35. Industrias CH SAB de CV
9.36. Ternium SA
9.37. Altos Hornos de Mexico SAB de CV
9.38. Van Merksteijn International BV
9.39. United States Steel Corp
9.40. Nucor Corp
9.41. Steel Dynamics Inc
9.42. Magnitogorsk Metallurgicheskiy Kombinat
9.43. Severstal
9.44. Novolipetsk Steel
9.45. SSAB AB
9.46. Ovako AB
9.47. Outokumpu Oyj
9.48. BRC Asia Ltd
9.49. NatSteel Holdings Pte. Ltd.
9.50. ArcelorMittal South Africa Ltd
9.51. Evraz Highveld Steel and Vanadium Ltd
9.52. Columbus Stainless (Pty) Ltd
9.53. Scaw South Africa (Pty Ltd)
9.54. POSCO Holdings Inc
9.55. Hyundai Steel Co
9.56. Dongkuk Steel Mill Co Ltd
9.57. KG Dongbu Steel Co Ltd
9.58. Acerinox SA
9.59. Eregli Demir ve Celik Fabrikalari TAS
9.60. Icdas Celik Enerji Tersane ve Ulasim Sanayi AS
9.61. Tosyali Holding AS
9.62. British Steel Ltd
10 Appendix
10.1. Methodology
10.2. About the Publisher
List of Tables
Table 1: NAFTA countries steel industry, revenue ($m), 2020-29
Table 2: NAFTA countries steel industry, revenue ($m), 2020-24
Table 3: NAFTA countries steel industry forecast, revenue ($m), 2024-29
Table 4: Canada steel market value: $ million, 2019-24
Table 5: Canada steel market volume: thousand tonnes, 2019-24
Table 6: Canada steel market geography segmentation: $ million, 2024
Table 7: Canada steel market value forecast: $ million, 2024-29
Table 8: Canada steel market volume forecast: thousand tonnes, 2024-29
Table 9: Canada Size of Population (Million), 2020-24
Table 10: Canada Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 11: Canada GDP (Current Prices, $ Billion), 2020-24
Table 12: Canada Inflation, 2020-24
Table 13: Canada Consumer Price Index (Absolute), 2020-24
Table 14: Canada Exchange Rate, 2019-24
Table 15: Mexico steel market value: $ million, 2019-24
Table 16: Mexico steel market volume: thousand tonnes, 2019-24
Table 17: Mexico steel market geography segmentation: $ million, 2024
Table 18: Mexico steel market value forecast: $ million, 2024-29
Table 19: Mexico steel market volume forecast: thousand tonnes, 2024-29
Table 20: Mexico Size of Population (Million), 2020-24
Table 21: Mexico Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 22: Mexico GDP (Current Prices, $ Billion), 2020-24
Table 23: Mexico Inflation, 2020-24
Table 24: Mexico Consumer Price Index (Absolute), 2020-24
Table 25: Mexico Exchange Rate, 2019-24
Table 26: United States steel market value: $ million, 2019-24
Table 27: United States steel market volume: thousand tonnes, 2019-24
Table 28: United States steel market geography segmentation: $ million, 2024
Table 29: United States steel market value forecast: $ million, 2024-29
Table 30: United States steel market volume forecast: thousand tonnes, 2024-29
Table 31: United States Size of Population (Million), 2020-24
Table 32: United States Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 33: United States GDP (Current Prices, $ Billion), 2020-24
Table 34: United States Inflation, 2020-24
Table 35: United States Consumer Price Index (Absolute), 2020-24
Table 36: United States Exchange Rate, 2019-24
Table 37: China Baowu Steel Group Corp Ltd: Key Facts
Table 38: China Baowu Steel Group Corp Ltd: Key Employees
Table 39: ArcelorMittal SA: Key Facts
Table 40: ArcelorMittal SA: Annual Financial Ratios
Table 41: ArcelorMittal SA: Key Employees
Table 42: ArcelorMittal SA: Key Employees Continued
Table 43: Ansteel Group Corp Ltd: Key Facts
Table 44: Ansteel Group Corp Ltd: Key Employees
Table 45: Nippon Steel Corp: Key Facts
Table 46: Nippon Steel Corp: Annual Financial Ratios
Table 47: Nippon Steel Corp: Key Employees
Table 48: Nippon Steel Corp: Key Employees Continued
Table 49: JSW Steel Ltd: Key Facts
Table 50: JSW Steel Ltd: Annual Financial Ratios
Table 51: JSW Steel Ltd: Key Employees
Table 52: JSW Steel Ltd: Key Employees Continued
Table 53: Tata Steel Ltd: Key Facts
Table 54: Tata Steel Ltd: Annual Financial Ratios
Table 55: Tata Steel Ltd: Key Employees
Table 56: ThyssenKrupp AG: Key Facts
Table 57: ThyssenKrupp AG: Annual Financial Ratios
Table 58: ThyssenKrupp AG: Key Employees
Table 59: Tata Steel Europe Ltd: Key Facts
Table 60: Tata Steel Europe Ltd: Key Employees
Table 61: Grupo Celsa: Key Facts
Table 62: Grupo Celsa: Key Employees
Table 63: Aperam SA: Key Facts
Table 64: Aperam SA: Annual Financial Ratios
Table 65: Aperam SA: Key Employees
Table 66: Vallourec SA: Key Facts
Table 67: Vallourec SA: Annual Financial Ratios
Table 68: Vallourec SA: Key Employees
Table 69: Salzgitter AG: Key Facts
Table 70: Salzgitter AG: Annual Financial Ratios
Table 71: Salzgitter AG: Key Employees
Table 72: Saarstahl AG: Key Facts
Table 73: Saarstahl AG: Key Employees
Table 74: BlueScope Steel Ltd: Key Facts
Table 75: BlueScope Steel Ltd: Annual Financial Ratios
Table 76: BlueScope Steel Ltd: Key Employees
Table 77: Liberty Steel Group: Key Facts
Table 78: Liberty Steel Group: Key Employees
Table 79: Bisalloy Steel Group Ltd: Key Facts
Table 80: Bisalloy Steel Group Ltd: Annual Financial Ratios
Table 81: Bisalloy Steel Group Ltd: Key Employees
Table 82: Gerdau SA: Key Facts
Table 83: Gerdau SA: Annual Financial Ratios
Table 84: Gerdau SA: Key Employees
Table 85: Companhia Siderurgica Nacional: Key Facts
Table 86: Companhia Siderurgica Nacional: Annual Financial Ratios
Table 87: Companhia Siderurgica Nacional: Key Employees
Table 88: Usinas Siderurgicas de Minas Gerais SA: Key Facts
Table 89: Usinas Siderurgicas de Minas Gerais SA: Annual Financial Ratios
Table 90: Usinas Siderurgicas de Minas Gerais SA: Key Employees
Table 91: Stelco Holdings Inc: Key Facts
Table 92: Evraz Plc: Key Facts
Table 93: Evraz Plc: Annual Financial Ratios
Table 94: Evraz Plc: Key Employees
Table 95: HBIS Group Co Ltd: Key Facts
Table 96: HBIS Group Co Ltd: Annual Financial Ratios
Table 97: HBIS Group Co Ltd: Key Employees
Table 98: Jiangsu Shagang Group Co Ltd: Key Facts
Table 99: Jiangsu Shagang Group Co Ltd: Key Employees
Table 100: Anshan Iron and Steel Group Co Ltd: Key Facts
Table 101: Anshan Iron and Steel Group Co Ltd: Key Employees
Table 102: Steel Authority of India Ltd: Key Facts
Table 103: Steel Authority of India Ltd: Annual Financial Ratios
Table 104: Steel Authority of India Ltd: Key Employees
Table 105: Steel Authority of India Ltd: Key Employees Continued
Table 106: Steel Authority of India Ltd: Key Employees Continued
List of Figures
Figure 1: NAFTA countries steel industry, revenue ($m), 2020-29
Figure 2: NAFTA countries steel industry, revenue ($m), 2020-24
Figure 3: NAFTA countries steel industry forecast, revenue ($m), 2024-29
Figure 4: Canada steel market value: $ million, 2019-24
Figure 5: Canada steel market volume: thousand tonnes, 2019-24
Figure 6: Canada steel market geography segmentation: % share, by value, 2024
Figure 7: Canada steel market value forecast: $ million, 2024-29
Figure 8: Canada steel market volume forecast: thousand tonnes, 2024-29
Figure 9: Forces driving competition in the steel market in Canada, 2024
Figure 10: Drivers of buyer power in the steel market in Canada, 2024
Figure 11: Drivers of supplier power in the steel market in Canada, 2024
Figure 12: Factors influencing the likelihood of new entrants in the steel market in Canada, 2024
Figure 13: Factors influencing the threat of substitutes in the steel market in Canada, 2024
Figure 14: Drivers of degree of rivalry in the steel market in Canada, 2024
Figure 15: Mexico steel market value: $ million, 2019-24
Figure 16: Mexico steel market volume: thousand tonnes, 2019-24
Figure 17: Mexico steel market geography segmentation: % share, by value, 2024
Figure 18: Mexico steel market value forecast: $ million, 2024-29
Figure 19: Mexico steel market volume forecast: thousand tonnes, 2024-29
Figure 20: Forces driving competition in the steel market in Mexico, 2024
Figure 21: Drivers of buyer power in the steel market in Mexico, 2024
Figure 22: Drivers of supplier power in the steel market in Mexico, 2024
Figure 23: Factors influencing the likelihood of new entrants in the steel market in Mexico, 2024
Figure 24: Factors influencing the threat of substitutes in the steel market in Mexico, 2024
Figure 25: Drivers of degree of rivalry in the steel market in Mexico, 2024
Figure 26: United States steel market value: $ million, 2019-24
Figure 27: United States steel market volume: thousand tonnes, 2019-24
Figure 28: United States steel market geography segmentation: % share, by value, 2024
Figure 29: United States steel market value forecast: $ million, 2024-29
Figure 30: United States steel market volume forecast: thousand tonnes, 2024-29
Figure 31: Forces driving competition in the steel market in the United States, 2024
Figure 32: Drivers of buyer power in the steel market in the United States, 2024
Figure 33: Drivers of supplier power in the steel market in the United States, 2024
Figure 34: Factors influencing the likelihood of new entrants in the steel market in the United States, 2024
Figure 35: Factors influencing the threat of substitutes in the steel market in the United States, 2024
Figure 36: Drivers of degree of rivalry in the steel market in the United States, 2024

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Acerinox SA
  • Altos Hornos de Mexico SAB de CV
  • Anshan Iron and Steel Group Co Ltd
  • Ansteel Group Corp Ltd
  • Aperam SA
  • ArcelorMittal SA
  • ArcelorMittal South Africa Ltd
  • Arvedi Group
  • Bisalloy Steel Group Ltd
  • BlueScope Steel Ltd
  • BRC Asia Ltd
  • British Steel Ltd
  • China Baowu Steel Group Corp Ltd
  • Columbus Stainless (Pty) Ltd
  • Companhia Siderurgica Nacional
  • Danieli & C. Officine Meccaniche SpA
  • Dongkuk Steel Mill Co Ltd
  • Eregli Demir ve Celik Fabrikalari TAS
  • Evraz Highveld Steel and Vanadium Ltd
  • Evraz Plc
  • Gerdau SA
  • Grupo Celsa
  • HBIS Group Co Ltd
  • Hyundai Steel Co
  • Icdas Celik Enerji Tersane ve Ulasim Sanayi AS
  • Industrias CH SAB de CV
  • JFE Holdings Inc
  • Jiangsu Shagang Group Co Ltd
  • Jindal Steel Ltd
  • JSW Steel Ltd
  • KG Dongbu Steel Co Ltd
  • Kobe Steel Ltd
  • Liberty Steel Group
  • Magnitogorsk Metallurgicheskiy Kombinat
  • Marcegaglia Steel SpA
  • NatSteel Holdings Pte. Ltd.
  • Nippon Steel Corp
  • Novolipetsk Steel
  • Nucor Corp
  • Outokumpu Oyj
  • Ovako AB
  • POSCO Holdings Inc
  • PT Gunung Raja Paksi Tbk
  • PT Krakatau Steel Persero Tbk
  • PT Steel Pipe Industry of Indonesia Tbk
  • Saarstahl AG
  • Salzgitter AG
  • Scaw South Africa (Pty Ltd)
  • Severstal
  • SSAB AB
  • Steel Authority of India Ltd
  • Steel Dynamics Inc
  • Stelco Holdings Inc
  • Tata Steel Europe Ltd
  • Tata Steel Ltd
  • Ternium SA
  • ThyssenKrupp AG
  • Tosyali Holding AS
  • United States Steel Corp
  • Usinas Siderurgicas de Minas Gerais SA
  • Vallourec SA
  • Van Merksteijn International BV