Rolled and Drawn Steel Market Report 2026

The rolled and drawn steel market size has grown steadily in recent years. It will grow from $257.98 billion in 2025 to $268.74 billion in 2026 at a compound annual growth rate (CAGR) of 4.2%. The growth in the historic period can be attributed to growth of automotive manufacturing, expansion of construction activities, increasing demand for home appliances, rise in industrial machinery production, development of cold rolled steel technologies.

The rolled and drawn steel market size is expected to see strong growth in the next few years. It will grow to $327.84 billion in 2030 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to adoption of smart manufacturing solutions, rising demand for high-performance steel in automotive, growth in sustainable construction projects, increasing applications in machinery and appliances, expansion of infrastructure development globally. Major trends in the forecast period include rising demand for automotive-grade steel, expansion in construction sector, adoption of advanced coating technologies, growth of deep drawing and cold rolled applications, increasing focus on high-strength steel products.

The expanding global automotive industry is expected to drive the growth of the rolled and drawn steel market in the near future. The automotive sector's growth is leading to a higher demand for automotive parts to enhance both the interior and exterior appearance of vehicles, as well as to improve their longevity and maintain their original quality, subsequently increasing the need for rolled and drawn steel. For example, in December 2023, Marklines Co., a Japan-based advertising agency, reported that total car sales in the United States reached 15,608,386 units in 2023, reflecting a 12.3% increase from 13,905,195 units in 2022. Thus, the growth of the automotive industry will stimulate the rolled and drawn steel market.

Key companies in the rolled and drawn steel market are directing their focus towards developing coated steel, including antibacterial coatings, to enhance hygiene and maximize market profits. Antibacterial coating serves as a protective layer on surfaces, inhibiting the growth of harmful microorganisms and promoting hygiene. In May 2023, Novolipetsk Steel (NLMK), a Russia-based steel-making company, launched premium rolled steel featuring an antibacterial coating. Initial trials conducted by the company's partners attest to the coating's ability to safeguard the metal from harmful microorganisms, making it suitable for interior surfaces in sectors such as food and healthcare industries.

In March 2023, ArcelorMittal, a multinational steel manufacturing and mining corporation based in Luxembourg, completed the acquisition of Companhia Siderúrgica do Pecém (‘CSP’) for approximately $2.2 billion. This strategic move was intended to capitalize on steel demand growth, expand capacity, and add finishing facilities. CSP, operating in the rolled and drawn steel market, is a Brazil-based manufacturer of steel products.

Major companies operating in the rolled and drawn steel market report are KG Dongbu Steel Co Ltd., China Baowu Steel Group Corp Ltd., ArcelorMittal S.A., Pohang Iron and Steel Company, Nippon Steel Corporation, Baosteel Group Co, Jiangsu Shagang Group Co Ltd., ThyssenKrupp AG, Shougang Group Co Ltd., Nucor Corporation, Anyang Iron and Steel Group Co Ltd., JFE Holdings Inc., Jianlong Group, Tata Steel Limited, Ansteel Group, Hesteel Group Company Limited, JSW Steel Limited, Hyundai Steel Co Ltd., Maanshan Iron and Steel Company Limited, United States Steel Corporation, NLMK Group, Gerdau S.A., China Steel Corporation, BlueScope Steel Limited, Benxi Steel Group Corp Ltd., Steel Authority of India Limited, Hunan Valin Steel Co Ltd., Yieh Phui Enterprise, Rautaruukki Oyj, MST Steel Corp.

Asia-Pacific was the largest region in the rolled and drawn steel market in 2025. The regions covered in the rolled and drawn steel market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the rolled and drawn steel market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The rolled and drawn steel market consists of sales of cold-rolled steel, hot-rolled steel, flat steel, and cold-drawn steel products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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