Steel industry trends. Analysis and Market Trends.

Steel industry trends 6%) in 2023. Learn how advanced algorithms boost efficiency, reduce costs, and redefine industry standards. 4 7 8 9 4 www. 7996 billion in 2024 and is expected to reach USD 2. 1“Indirect” refers to jobs in the steel industry’s EU-based supply chain. 3% from 2024 to 2030. Consolidation has been rapid in Europe. The steel industry requires staying on the pulse to predict future trends and improve business practices. With two steel producers, and over 300 steel distribution outlets throughout the country and numerous fabrication, manufacturing and engineering companies, the Australian steel industry generates $29 billion in annual revenue and is an essential part of the Australian economy. 3% between February to April 2024. Global trends in steelmaking processes and energy use. Trends in domestic steel demand Raw material scenario (iron ore, pellets, coal) Short-range outlook for Indian steel mills. 69 %. 6% from 2024 to 2031. GLOBAL CRUDE STEEL PRODUCTION Global Steel Industry Trends: The global steel industry faced a challenging period in 2022 due to geopolitical tensions, inflation, and supply chain disruptions triggered by the Russia-Ukraine war. steel industry trends Blogs, Comments and Archive News on Economictimes. (These pages are accessible to all site visitors). 20 Sep 24 India's zinc consumption to rise to over 2 million tonnes in next 10 years Over the next decade and beyond, several trends will reshape the global and regional steel industry landscape. With a world that is adapting to newer constructive technologies, sustainability efforts, and the changing market demands, the Steel Industry Trends 2024 does become very critical for the future of manufacturing and construction. In 2022, 20. The global steel market is anticipated to be driven by rising investments in construction activities. Proposed duty levy on steel imports could lead to steep price hike in 2025: Crisil. Steelmaking processes and technology. Steel Market Size and Share: The global steel market size was valued at USD 974. Comment on the 4 Q 2024 Gross Margin within the Iron & Steel Industry : Iron & Steel Industry experienced contraction in Gross Profits by -7. Global economic outlook, high energy prices and weak demand subdue metals markets. Infrastructural developments, in both developing as well as developed countries, are anticipated to remain the primary factors driving the demand for structural steel. Share to X. By examining these factors, we can better understand the role each country plays in the steel industry and what the future might hold. China has emerged as a major producer and consumer, as has India to a lesser extent. www. The global steel industry should carefully study the potential impact of megatrends on competitive position of steel, and should continue to invest in the development of new products, processes Explore the Steel Industry Roadmap 2025: Decarbonization, tech innovations, market trends, and strategies for a sustainable future. com Alloy Steel Market Size and Trends. Steel Market Trends: Figure 91: Global: Steel Industry: Porter's Five Forces Analysis. in ISLAMABAD: Pakistan’s steel industry, the backbone of the country’s economy, is teetering on the edge of Published 11 Dec, 2024 08:01am. 10 ways AI is being Press release: European steel industry on the brink: the EU must act now or risk losing manufacturing, warns EUROFER. China's steel industry consolidation has been showing signs of acceleration in recent months, with seven major merger and acquisition related transactions announced just over July-August, bumping up the share of China's top five steelmakers' output in the process. Government of India is implementing a Production-linked Incentive (PLI) Scheme for Specialty Steel. For Immediate Service, Call: 800-675-9929. Steel Trade in Mexico Structural Steel Market Size & Trends. icra. Discover market dynamics shaping the industry: Request sample copy The market growth can be attributed to increasing demand for Agriculture is a market that includes all the logistic steps in getting foodstuffs to market. 4 Million Tons in 2024. 5 times to accommodate a growing population. The Steel Containers Industry is witnessing steady growth due to its durability, recyclability, and widespread use in industries such as food & beverage, chemicals, pharmaceuticals, and industrial storage. As steelmakers strategize for growth, they should account for the major trends shaping the domestic and global steel industry for future readiness. Read more. Since then steel prices are determined by the interplay of market forces. based on the principle that resource supply can only expand in line provides a platform for the government, senior industry leaders, and allied partners to better understand the opportunities, challenges and trends in the industry. com Steel Industry Trends: Smart Manufacturing Developments. In 2022, the steel industry invested 6. While 80 percent of the industry India's steel industry plans to add 23 million tonnes of crude steel capacity by FY27, projecting a 4. Supply Three Industry Trends Guide Steel Tube Institute's 2025 Priorities News provided by Steel Tube Institute Dec 11, 2024, 08:38 ET. Kevin Dempsey, AISI president and CEO, said, As we face the escalating challenges of climate change, environmental degradation, and the growing need for a more inclusive and resilient economy, sustainability has emerged as t India Steel Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) India Steel Market Report is Segmented by Form (basic Form (crude Steel), And Final Form (finished Steel)), Technology (Blast Furnace-Basic Oxygen Furnace (BF-BOF), Electric Arc Furnace, And Other Technologies), And End-User Industry (automotive and Transportation, Building and ISLAMABAD: The Steel industry appeals the govt to take pre-emptive measures to block smuggling of steel from Iran Updated 01 Apr, 2024 08:46am. While the country's steel industry has faced its share of challenges, a recent uptick in steel production reflects a remarkable turnaround. America’s steel industry has a strong impact on the country’s economy. The Chinese domestic oversupply led to the twin effects of Chinese HRC export offers sliding to Trends in domestic steel demand Raw material scenario (iron ore, pellets, coal) Short Stainless Steel Market Trends. pdf Content available from CC BY 4. Pricing Tools. This year, in view of the Covid-19 Pandemic, a series of ISA Webinars are being organised instead on topics concerning the steel industry. Trend 4: Steel Demand is Impacted by the Russia-Ukraine Crisis. While environmental issues define industry trends, the potential for ‘green steel’ – steel with lower carbon emission achieved through different feeds and processes – is vast. steel industry Blogs, Comments and Archive News on Economictimes. Share this article. STEEL MARKET ANALYSIS worldsteel is recognised worldwide as the source of information on steel market trends and statistics. STEEL INDUSTRY – TRENDS & OUTLOOK AUGUST 2024 Imports rise, leading steel prices to slide; however, as costs subside and demand still surprises, industry earnings may hold steady in FY2025. Back in 1972 we published our first environmental po Steel Tubes Market Size: The global steel tubes market size reached USD 83. 6 mt (down 5. The market is experiencing steady growth driven by rapid urbanization and infrastructural development, particularly in emerging As a result of persisting negative trends throughout the year, domestic deliveries markedly dropped again (-4. Industry Demand 2024 Stainless Steel Industry Development Trends. See more World Steel in Figures provides a fascinating snapshot of the dynamics of today’s steel industry, including everything from production and production processes, to demand, trade, safety and Overall, while 2024 remains a challenging year for global steel demand, cautious optimism surrounds 2025, with potential growth spurred by stabilisation efforts in China, Key Steel Industry Trends 2024, focusing on sustainability, technology, and global market insights. Evolving with steel: Future growth and opportunities. We highlight AI, robotics, big data, IoT, and more, with three relevant use cases and one innovative startup for each technology. Related: Use of AI in the Wood Industry . From FY2020 to FY2023, crude steel production grew at a CAGR of 5. The foldable steel containers industry is gaining momentum due to increasing demand for efficient, cost-effective, and space-saving storage and transportation solutions. 29% of its revenue in new products and processes. High government emphasis across varied regions on promoting electrification to reduce the carbon footprint of automobiles will STEEL INDUSTRY TRENDS. Industry Overview; 3. Without targeted measures to reduce demand for steel where possible, and an overhaul of the current production fleet, CO 2 emissions are projected to continue rising, despite a higher share of less energy-intensive secondary production, to 2. Brussels, 27 November 2024 – The European steel industry is at a critical juncture, facing irreversible decline unless the EU and Member States take immediate action to secure its future and green transition. However, there is hope on the horizon, with the World Steel Association predicting a moderate recovery in 2023 and 2024. 6 Vietnam Steel Market, By Types. We explore how these differences shape the global market and impact economic growth. It’s probably the case that everything – and I Understanding the Growth of Steel Production in France. European steel industry on the brink: . . Understanding its historical emission trends and drivers is crucial for future warming and pollution interventions. Consumption Consumption of steel products follows the trend of economic activity in individual countries. 6 Nov 2023. SUSTAINABILITY The steel industry is currently going through changes regarding current events and trends, which impact demand and prices. Global Market Dynamics: Demand vs. Skip to main content. Explore our collection of insights and learn how to Payments in the Belgian metals and steel industry take 90 days on average, and payment behavior in the sector has been good during the past two years. 57% Several trends are shaping the steel industry, including the use of steelmaking processes such as blast furnace-basic oxygen furnace (BF-BOF), the adoption of hydrogen and carbon-neutral initiatives, and the expansion of downstream capabilities to enhance product portfolio and competitiveness. 3“Induced” refers to jobs supported by money spent by indirect and direct employees of the EU’s steel industry and supply chain. Steelmaking technology continues to evolve, but the changes are incremental rather than fundamental. 74 % and Revenue by -5. Steel Market Size 2023-2027 The steel market size is estimated to grow by 207. Get the latest news, insights, and trends in the steel industry directly to your inbox. Before COVID-19 we had been considering a timeline over the next 10-20 8 Decarbonising Indian steel industry: Recent trends India’s steel industry has been an integral part of its economic fabric contributing approximately 2% to the national GDP6. Key Industry Trends; 4. 66 % below Industry's average Gross Margin. Steel Industry Trends: Pricing and Production. The global steel manufacturing market size valued at approximately USD 1. India's steel industry plans to add 23 million tonnes of crude steel capacity by FY27, projecting a 4. In the electronic industry, stainless steel, particularly grades, such as type 316 S and 304 SS is highly adopted due to its excellent properties. This driver stems from urbanization, population growth, and government initiatives to enhance transportation, utilities, and public facilities. 3 Billion by 2033, exhibiting a growth rate (CAGR) of 1. Tariffs and anti-dumping measures protect domestic industries but disrupt global trade. This technology is The iron and steel industry (ISI) is important for socio-economic progress but emits greenhouse gases and air pollutants detrimental to climate and human health. Trends in the Global Steel Industry Infrastructure Investment Fueling the Global Steel Industry. The sector should benefit from the lagged effect of expected monetary easing and the end of the de-stocking cycle. Interactive Pricing Tool – Steel and Scrap Prices. For centuries, steel has been valued for its high-tensile strength and durability and has been fundamental to societal advancement, allowing us to build bridges, railroads, ships, and skyscrapers. By embracing these emerging trends, the steel pipe industry can continue to thrive and play a vital role in global From geopolitical tensions and raw material shortages to rapid technological advancements, the challenges are abundant—but so are the opportunities. The steel market will increase demand for steel in manufacturing, high strength steel, stainlesssteel and diversifiedin steel shapes,sizesandgrades. pandemic reinforced some of these long -term trends and accelerated the systemic changes that are driven by them. Skip to Main. From sustainability to technological innovations, uncover what lies ahead for this crucial sector. So far in 2024, steel production has slightly fallen behind 2023’s rate but overall appears on pace for a similar year. Vietnam Steel Industry Life Cycle; Historical Data and Forecast of Vietnam Steel Market Revenues & Volume By Types for the Period 2020-2030; 5 Vietnam Steel Market Trends. 1. Baris Bekir Çiftçi Director, Industry Analysis. Luckily, technological advancements are creating an overall decreased level of costs while 22% increase in the steel industry’s bankborrowingsin FY2023. List of Tables. 8% CAGR, consistent with long-term growth trends. Historically, the industry has been driven by economic growth and the development of the middle class, resulting in major demand growth for materials such as steel, aluminum, and coal. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to India Steel Market Size:. The steel industry trends and analysis indicate that structural steel continues to lead the market, driven by its essential role in supporting diverse construction and infrastructure developments, its adaptability to modern construction Strong and versatile, durable and ductile, steel continues to be at the core of the manufacturing, construction, and automotive industries — but the sector is affected by global issues and faces huge pressure to modernize Market Trends and Trade Impacts in the Steel Industry. It is forecasted thatVietnam's totalsteel demand in 2030 is 30-32 million tons. 2% between April and July of FY2024 on a YoY basis. 93 billion in 2021 and is projected to expand at over 3% in terms of revenue from 2022 to 2030. 80 billion by 2029, growing at a CAGR of 7. This latest Steel Industry News article provides a comprehensive analysis of the current state of the steel market, encompassing everything from price movements across various steel products to production trends and economic indicators impacting the industry. As of 2023, the global steel industry The U. 6 MMT in 2024. In 2022, the steel industry distributed 96. 14% during 2025-2033. 1 Vietnam Steel Market, By World Steel Industry Trends. STEEL INDUSTRY –TRENDS & OUTLOOK AUGUST 2022 Steel prices likely to remain under pressure for the remainder of FY2023 as concerns over economic slowdown grip major global consumption hubs . CRISIL by 2030; Steel consumption per capita is currently at 240 kg/person and is expected toincreaseto290 kg/person by2030. Russia’s crude steel production stood at 11. Megatrends and their influence on the global steel industry . This article explores the trends shaping the steel industry in 2024, equipping stakeholders with insights to thrive in this evolving landscape. After a very high growth rate in 2021, US metals and steel output is expected to increase by about 5% this year, driven by ongoing robust Discover the top 10 emerging steel technologies transforming the steel sector in this report. However, following the Covid-19 pandemic, production has slowed. 4%. 0: Press release: European steel industry on the brink: the EU must act now or risk losing manufacturing, warns EUROFER Brussels, 27 November 2024 – The European steel industry is at a critical juncture, facing irreversible decline unless the EU and Member States take immediate action to secure its future and green transition. 6 Gt to global CO 2 emissions and accounted for 7% of global The steel industry's adoption of data-driven insights has not only revolutionized operational efficiency but has also paved the way for sustainable growth and innovation, positioning the industry at the forefront of environmentally The ‘Decarbonizing the Steel Industry – Trends, Assessing Technologies, Challenges, and Case Studies’ report provides an overview of the steel industry including production and carbon emission. e. 1. Based on geography, the market is studied across North America, Europe, Asia Pacific, In the NZE Scenario, steel production is around 5% lower in 2030 than in a baseline scenario that follows current trends. The steel industry is shaped by trade policies, regional demands, and geopolitical developments, influencing production and trade dynamics globally. 17% between 2022 and 2027. Strong rebound and higher sales prices in the recent past: Many metals and steel businesses in advanced market have benefited from strong pent-up-demand and high sales prices in 2021 and early 2022. 78 days training/year. Copy link; Linkedin; Send to a friend; We expect global basic metals output to increase by 3. This resulted in higher profit margins and increased financial resilience. In 2022, 96. 7 Gt CO 2 per year The latest issue of POSCO Research Institute’s Asian Steel Watch highlights megatrends that will shape the future of the steel industry: urbanization, motorization, globalization and industrialization. 5%) in the second quarter of 2024, after a rise in the preceding quarter (+12%). Ongoing war-related disruptions, poor demand outlook and severe rises ensured strong demand momentum for the domestic steel industry in the current fiscal as witnessed by steel consumption growth of 12. It is expected that the specialty steel production will reach 42 MT by the end of 2026-27. 99 GJ of energy were consumed per tonne of crude steel cast. , 2016). The World Steel Institute estimates the world’s use of steel will increase by 1. The industry will have to deal with this sustainably. Within Basic Materials sector 2 other industries have Key trends in the steel industry—sustainability, automation, digitalization, and global trade dynamics—not only influence steel production but also affect the broader market that relies on this essential material. Important Steel Market Trends for the American Industry. In 2022, the difference between North America's imports and exports of steel was 33 million metric tons, which was the highest World Steel Industry Trends. 9% from 2024 to 2030. 04 billion in 2023 and is projected to grow at a CAGR of 5. Looking forward, IMARC Group expects the market to reach USD 93. org bookshop. After a global slump in the near term, the steel industry returns to a robust growth trajectory in our baseline projections. With a significant shortage of carbon steel scrap projected for 2030, stakeholders must begin planning for a different steel industry landscape. We publish authoritative production statistics each month. Steel Industry Trends by Steel Industry News. in 2 2 OVERVIEW Domestic steel consumption registered a growth of 11. This, combined with our unprecedented access to key players in the steel industry the world over – which provides us with ongoing crosschecks on critical developments and our special analytical methods – which seek to permit us to better understand the factors that may cause shifts in the “pricing power” of the steel mills (relative to Hydrogen metallurgy is an innovative and sustainable approach to producing iron that lowers CO 2 emissions by using hydrogen instead of fossil fuels. JPC: Updated in May 2022 3 Steel Prices • Price regulation of iron & steel was abolished on 16. The Russia-Ukraine crisis has had a significant impact on the global steel market. Infrastructure investment is a powerful driver in the global steel market. India’s crude steel capacity was 161. 7%, reaching 127 million tonnes 7, despite a setback in FY2021 due to the pandemic. STEEL MANUFACTURING MARKET OVERVIEW. However, the current business case and returns on low and the future of the worldwide steel industry. In order to increase efficiency, address climate change, and develop resilient buildings, engineers and architects are specifying cold-formed steel (CFS) framing to meet project goals. steel industry has reduced CO2 emissions by 37% since 1990, it recycles more than 14 million tons of steel each year (steel is the world’s most recycled material), and advances in steelmaking technology mean the As you are reading this you are likely to be in your office or working at a desk in your home. Trends and Analysis Sentiment, Inventories, Prices, and Key Market Indicators – everything you need to quickly adapt in the dynamic steel industry. 12 billion in 2023 and is likely to register a compound annual growth rate (CAGR) of 5. Current State of the Global Steel Industry Market Overview. The iron and steel industry has long been a cornerstone of global manufacturing, serving as a critical driver of economic development and This article will explain ten key ways AI is harnessed to enhance efficiency, reduce waste, and enable innovative research and development within the global steel industry. Sustainability in Steel Production. The agricultural industry consumes a variety of steel mill products to build the specialized machinery for tilling, planting, harvesting and buildings required to house machinery, store grain and support animal husbandry. Despite these factors, Market Research Future predicts that the industry will make a steady recovery with an upcoming predicted CAGR of The past decade or so has seen massive changes & shakeups in the structural steel industry. Steel decreased 3 Yuan/MT or 0. Rising demand for sustainable and reusable packaging solutions is propelling the market, as steel is 100% recyclable without quality degradation. New challenges on the technological front, such as digitalisation and circular The steel pipe industry is on the cusp of significant transformation as we approach 2025. 7 mt (down 5. Table 1: Global: Steel Market: Key Industry Highlights, 2023 and 2032 Table 2: Global: Steel Market Forecast: Breakup by Type (in Million US$), 2024-2032 Investments to decarbonize the steel industry are estimated at $300 billion on top of business-as-usual investments, i. Looking forward, IMARC Group expects the market to reach 256. Learn more about what's on the horizon & what to expect here. Products. The Iron and Steel Industry: Current Trends and Future Directions in 2024. 1992. 0868 billion by 2032, growing at a compound annual growth rate The global steel industry has been going through major changes since 1970. Together with these ongoing megatrends, two emerging trends – global climate action and the Fourth Industrial Revolution – are expected to affect steel China's steel industry is expected to witness new trends in downstream steel use, which will prompt adjustments in steelmakers' business mix and facilitate the transformation and upgrading of the industry as a whole to meet users' more and higher requirements for steel products in various application scenarios, as guest speakers agreed during a panel discussion at Discover emerging trends in AI revolutionizing steel processing. 3 mt in 2022-23. Steel production in France has shown notable resilience and adaptability over the years. Sentiment, Inventories, and Key Market Indicators – everything you need to quickly adapt in the dynamic steel industry. 7% increase in 2023. Global trends in consumption, product mix, substitution. • Domestic steel prices are influenced by trends in raw material prices, demand – supply conditions in the market, international price trends among others. 9%, 6. The expanding infrastructure development, rising construction activities, growing automotive production, thriving manufacturing sectors, and The development of green steel is essential for reducing the environmental impact of the steel industry, which is a major contributor to global greenhouse gas emissions. The report also steel industry vest in improving steel’s efficiency in application. Technology has dramatically shaped the world of manufacturing, and steel industry is no exception. Automotive Steel Market Size. 66 %, while Gross Margin fell to -5. This study explores hydrogen-based direct reduced iron (DRI) production as a key decarbonization strategy for the iron and steel industry, examining global and Chinese development trends and focusing on Hot rolled steel products are widely regarded as the most extensively utilized steel product in the Mexican steel market, owing to their great usage in the construction industry. Looking forward, IMARC Group estimates the market to reach USD 1,289. Steel Tariffs and Anti-Dumping Measures. The global steel market size reached around 1799. Print Trends indicate the global demand for steel will continue to grow. We will also explore how other trends, like the growing use of steel in commercial and residential construction for disaster Topics Covered in the Middle East Steel Market Report Middle East Steel Market report thoroughly covers the market By Type, By Product type, by Application and by Countries. Steel consumption, demand mix and substitution issues and related market matters. in the steel industry received 7. This can be attributed to the increasing government initiatives and investments for infrastructure development, as well as rising demand from sectors such as construction and automotive. Global metals and steel performance slows down in 2024. The tendency toward lighter and stronger steel with technological improvement will cause slower demand growth over the long term. Looking ahead, Egypt’s iron and steel industry remains resilient in the face of these divergent trends. steel industry trends Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. The steel industry in North America is heavily dependent on imports. Global trends in steel and raw material prices. Iron & Steel Market by Type (Iron and Steel), Production Technology(Basic Oxygen Furnace, Electric Arc Furnace, Open Hearth and Others), End-use Industry (Construction & Building, Automotive & Transportation, Heavy Industry, Consumer Goods), and Region - Global Forecast to 2027 Stay ahead with our Steel Industry Newsletter. 7% yoy), the USA was the 4th largest producer of crude steel during January-February 2023. Metals and Steel Industry Trends United States - 2022. Due to deteriorating margins and lower demand, we observe an increase in both payment delays and business failures, although from a historically low level seen in 2020 and in 2021, when pandemic 3 Trends Driving the Construction Industry. The steel industry has always sustained the global economy, and in 2024, further, significant surges are expected from it. REGIONAL INSIGHTS. The global structural steel market size was valued at USD 117. Tags artificial intelligence , economy , history , industry trends , steel demand , steel facts , steel in the us , steel industry , steel production , steel trends , sustainability , technology Steel Market Update produces weekly price assessments, news, and analysis of market trends affecting prices and sentiment on the US steel market. 6. 4 7 8 4 www. 09% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. steel industry Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. While the industry continues to recover, substantial risks remain, and businesses that rely on steel will do well to lock in a reliable source from a quality supply chain partner. Imports into the EU including semi-finished products slightly decreased (-1. In 2021, the association launched a new subscription service available via the worldsteel. Findings: Since the future and nature of work in the Industry is under rapid transformation, Indian Steel organization have to realize that the traditional approach of HR interventions so far World Steel Industry Trends. Introduction to Stainless Steel Market Industry trends Metals and Steel Industry performance forecast As the economic rebound gains momentum, we expect 2025 advanced markets’ metals production to increase by 4. Indian Steel Industry: July 2024 – A Trend Report The World Steel Association (worldsteel) has today released its Short Range Outlook (SRO) steel demand forecast for 2024 and 2025. 2% this year, after a 5. We expect implied apparent steel consumption to decrease by 18 million tonnes (mt) in 2024, according to CRU, due to weaker demand in China, Japan, South Korea and the US. “The trade and tax measures enacted during the first Trump administration provided a much more competitive environment for the American steel industry and led to the industry investing billions of dollars in new and upgraded facilities, as well as in research and development to produce new advanced grades of steel for our customers,” AISI Sends Action Items to Administration and Congress. 6% in 2023, helped by the reopening of the Chinese economy early this year and decreased energy prices. The steel industry, a cornerstone of global development, is undergoing a significant transformation driven by the powerful potential of Artificial Intelligence (AI). Please click below to learn about world steel industry trends in the following areas. AI Ushering in a New Era for the Steel Industry. An advantage of labour cost is therefore generally not decisive in determining the competitive position of a steel producer. On the trailing twelve months basis gross margin in 4 Q 2024 fell to 15. Source: EUROFER; Oxford Economics The European steel industry drives employment in Europe—both directly Steel industry is facing challenges as borrowing levels rise and earnings moderate. Asia Pacific currently dominates the market, holding a significant market share of over 62. 7% in 2024. 2% during 2025-2033. The long-term sustainability of the steel industry has always been a priority for the World Steel Association and our members. World Steel Industry Trends. The India steel market size reached 144. Learn how these Foldable Steel Containers Market. world steel industry outlook 2025 2026 - market trends supply demand projections - prices and raw material cost forecasts. 33 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 3. Global alloy steel market is estimated to be valued at USD 142. 24% during 2025-2033. This growth can be attributed to a combination of factors that indicate a dynamic China's Steel Industry Consolidation Gathers Pace, to Aid Output and Emission Cuts. Business & Finance True steel use (TSU), which additionally takes into account the volume of net indirect trade and therefore comes close to the actual amount of steel products consumed in China, amounted to around Analysis and Market Trends. 63% between 2025 and 2034 to reach a volume of nearly 2086. 20 Sep 24 India's zinc consumption to rise to over 2 million tonnes in next 10 years While the steel industry does have some potential risks for 2023, the overall trends and predictions indicate that the sector should maintain its strength coming into the new year. 2% and 5. As the global economy continues to recover and technology advances, the stainless steel industry in 2024 faces new opportunities and challenges. Trends in domestic steel demand Raw material scenario (iron ore, pellets, coal) Carbon footprint of domestic steel players. STEEL INDUSTRY –TRENDS & OUTLOOK MAY 2024 Earnings of domestic steel mills to sequentially increase in Q1 FY2025 as input costs moderate and steel prices go up. Therefore, in order to meet the targets of the Paris Agreement (UNFCC, 2015) and ensure that increase in average global temperature remains below 1. Steel Market Size & Trends “2030 steel market value to reach USD 2,009. The sector continues to adapt to evolving global market conditions, leveraging opportunities presented by reduced global steel prices to bolster import volumes. the global steel industry . Automotive Steel Market size valued at USD 112. Key Success Factors; 5. The year 2023 has been a rollercoaster for global steel production. in 2 2 OVERVIEW Since FY2022, India has been witnessing the strongest pace of steel demand growth in the era post the This blog post provides an in-depth look at the current state of the steel industry, highlighting key trends, innovations, and challenges. 2Full-time equivalent. Steel and raw material prices Since about 2005 the key issue in the steel industry has become the availability and price of raw materials - iron ore, coking coal and scrap. approximately $10 billion per year until 2050. Technological advancements, environmental sustainability, and evolving market dynamics are driving change and presenting new opportunities for growth and innovation. Rising adoption of electric vehicles will augment the demand for automotive steel. , 2019). Global trends in labour, environmental and water issues Labour. The first Indian steel company, Tata Iron and Steel Company, was established in 1907, and later became Tata Steel. Additionally, advances in recycling of steel where IT has less energy needs than that of producing virgin steel provide new opportunities for generating operational cost savings as well as Europe still occupies a significant position in the global steel sector and is a pioneer in innovations and sustainability. 46 million tons at a CAGR of 2. Skip to content (352) 742-1395; info@metrosteelusa. The Singapore steel market is expected to witness considerable growth over the forecast period of 2020-2026. Based on the steelmaking Innovation Map, the TreeMap below illustrates the impact of the Top 10 Technology Trends in the Steel Industry. In 2015, the emissions from the iron and steel industry in Shanxi Province accounted for 4. The picture emerging from the data of the third quarter of 2022 confirms and deepens the negative trends observed in the second quarter of 2022. – Increasing Steel Recycling for Scrap Production In the steel industry, increasing the use of scrap steel will help reduce CO2 emissions overall. Global Steel Production Trends in 2023 . ” The global steel market size was estimated at USD 1,469. Labour costs are relatively small in the steel industry, since the processes are generally capital- rather than labour-intensive. in Short-range outlook for Indian steel mills This blog delves into various steel industry trends in 2023, such as on-demand production, sustainability practices, usage of digital technologies, and more. S. 51 Bn in 2024 and is expected to reach USD 182. The steel industry’s trends suggest a steel demand decline due to the country’s economic crisis and the sanctions imposed by Western countries. We expect global basic metals output to slow down to 2. 7 Billion by 2033, exhibiting a CAGR of 3. Explore the pivotal trends shaping the steel industry in 2024. Here, we offer an exhaustive analysis of global ISI emissions over the past 60 years, Along with the cement industry, the iron and steel industry is one of the world's most carbon intensive industrial sectors (van Ruijven et al. Among them, the iron and steel industry are concentrated in Shanxi Province, which is a major air pollution source in this region. According to the 2019 International Energy Agency (IEA) report, the iron and steel industry directly contributed 2. Having a grasp on these trends will assist various industries to strategize and adapt more effectively to the changing contours of the steel industry. Share Fitch Ratings’ Outlook reflects our expectations of a slight recovery in the steel industry after the lacklustre 2024, mainly due to a more balanced Chinese steel market. term growth for the Indian steel industry, both on demand and supply sides, by 2030-31. 59% during the forecast period (2024-2029). Steel manufacturing has seen an increase in capacity, volume, and industry value for many years. Steel prices in 2025 are expected to increase if the proposed safeguard duty on imports is imposed by February end. Sharing options. Startups and scaleups are developing solutions to speed up production with the use of smart manufacturing processes, robotic automation, and green steel technology. As of 2022, the industry employed 305,600 workers, with Germany having Short-term outlook: strengths and growth drivers. The increasing product use in military STEEL INDUSTRY –TRENDS & OUTLOOK NOVEMBER 2023 Profitability of primary steelmakers to weaken in H2 FY2024 due to input cost pressures and sliding realisations. WASHINGTON, DC – The American Iron and Steel Institute (AISI) this week has reached out to senior policymakers in the Trump administration and key members of Congress with a blueprint highlighting the top steel industry priorities of AISI members for 2025. 16 billion in 2024, and is expected to reach USD 47. Global trends in industry structure and competition. 15% of employees and contractors worked in EMS-registered facilities. 0% of the provincial NO x, SO 2 and PM total emissions, respectively (Wang et al. 46 billion. 7 Million Tons by 2033, exhibiting a growth rate (CAGR) of 6. Singapore Steel Market Synopsis . However, on a global level 2025 metals output growth High Strength Steel - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029) - The High Strength Steel Market size is estimated at USD 33. The market is projected to grow at a CAGR of 1. 4 Billion in 2024. 8 MMT by 2034. Technology deployment Many private sector and non-governmental actors in the steel industry are beginning to take important steps towards transitioning to a zero-emission steel industry. These containers are widely used in logistics, automotive, agriculture, and retail sectors for their durability, reusability, and ability to optimize storage space when Steel Industry Data Book - Stainless Steel, Carbon Steel, Electrical Steel, Weathering Steel and Sintered Steel Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030 Published Date: Feb, 2023 Crude Steel Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) The Crude Steel Market Report is Segmented by Composition (Killed Steel and Semi-Killed Steel), Manufacturing Process (Basic Oxygen Furnace (BOF) and Electric Arc Furnace (EAF)), End-User Industry (Building and Construction, Transportation, Tools and Machinery, Energy, Consumer Decarbonizing the global steel industry hinges on three key limited resources: geological carbon storage, zero-emission electricity and end-of-life scrap. 4% yoy) in January-February 2023 period and the country was the 5th largest producer of crude steel. in 2 2 OVERVIEW Given the heightened uncertainty following the Russia-Ukraine war, The history of India’s modern steel industry dates back to the 19th century. com; Metals and Steel Industry Trends 2023. This article explores the key market trends and future development directions, including an outlook for 2025. 5 °C above pre-industrial levels, it is necessary to reduce Lopez2022_Trends in the global steel industry-Evolutionary projections and defossiliation pathways through Power-to-Steel_JC LP. Robust demand situation set to continue. in 2 2 OVERVIEW While domestic steel prices have been under pressure from the middle of May The Indian stainless steel industry displays a noticeable dualistic pattern, as major players secure a substantial share, estimated at around 55% to 53%. Market growth relies on several factors, including an increase in the consumption of high Trends & Benefits. Artificial Intelligence, Internet of Things, and automation in the production of steel is forming smarter and more efficient factories that deliver high-quality products with better precision. Steel market outlook & forecasts for 2025 2026 prices Other recent press reports also express concern about the current steel industry downturn noting that the global impact of China's steel overproduction is becoming With crude steel production of 12. Steel - values, historical data, forecasts and news - updated on January of 2025. Take a moment to look around you.