Chem Reports predicts that the Raw Steel Market, valued at USD xxxx million in 2025, is expected to reach USD xxxx million by 2035, expanding at a CAGR of xx% globally. The Global Raw Steel Market Report 2025 provides an extensive evaluation of industry structure, material flows, technological developments, production patterns, and market growth factors. By analyzing historical data and integrating current trends, the report offers reliable market forecasts for 2025–2035. The study examines a wide range of influences, including government policies, global infrastructure spending, manufacturing demand, technological innovation in steel production, and the dynamic competitive landscape. With steel remaining a fundamental material for construction, transportation, energy systems, manufacturing, and consumer goods, the demand for raw steel continues to grow in line with global industrial development.
Impact of COVID-19 on the Raw Steel Market
The COVID-19 pandemic caused temporary disruptions in steel production due to lockdowns, workforce shortages, shipping constraints, and a slowdown in construction and manufacturing activity during 2020. However, as industries reopened and governments implemented large-scale infrastructure recovery programs, demand for raw steel rebounded strongly. The post-pandemic market saw increased emphasis on supply chain resilience, efficient production practices, and strategic investment in domestic steel manufacturing capacities.
Market Segmentation
1. By Type
• Pig Iron as Raw Material
• Scrap Iron as Raw Material
2. By Application
• Construction
• Transport
• Energy Infrastructures
• Packaging
• Appliances and Industry
Top Key Players
1. ArcelorMittal
2. Hesteel Group
3. Nippon Steel & Sumitomo Metal
4. POSCO
5. Baosteel Group
6. Jiangsu Shagang Group
7. Ansteel Group
8. JFE Steel
9. Shougang Group
10. Tata Steel
11. Wuhan Iron and Steel Corporation
12. Shandong Iron and Steel Group
13. Hyundai Steel
14. Nucor Corporation
15. Maanshan Iron and Steel Company
Regional Analysis
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain)
Asia-Pacific (China, India, Japan, Southeast Asia)
South America (Brazil, Argentina)
Middle East & Africa (Saudi Arabia, South Africa)
1. Market Drivers, Restraints & Trends
Market Drivers
1. Rapid Growth in Construction and Infrastructure Development
Massive investments in housing, commercial buildings, highways, bridges, and public infrastructure continue to drive global demand for raw steel. Steel remains a fundamental material due to its strength, durability, and versatility.
2. Expansion of the Automotive and Transportation Sectors
Growing production of automobiles, commercial vehicles, rail systems, ships, and aerospace components fuels the need for high-quality steel grades, particularly lightweight and high-strength varieties.
3. Increasing Energy Infrastructure Requirements
Pipelines, transmission towers, renewable energy structures, oil & gas facilities, and power generation systems rely heavily on raw steel. Global energy transition initiatives add to demand for advanced steel materials.
4. Technological Advancements in Steelmaking
Adoption of electric arc furnaces (EAFs), automation, digital process control, and cleaner production technologies enhances steel quality, lowers energy use, and supports cost-efficient manufacturing.
Market Restraints
1. Volatile Prices of Raw Materials
Fluctuations in iron ore, scrap metal, and coking coal prices pose challenges for steel manufacturers, impacting production planning and margins.
2. Environmental Regulations and Emission Constraints
Steelmaking is energy-intensive. Stricter emission standards and sustainability mandates increase compliance costs and may restrict production in some regions.
3. Global Overcapacity and Competitive Pressure
Excess production capacity in certain markets intensifies competition, leading to pricing pressures and reduced profitability for some producers.
4. Slowdowns in Key End-Use Industries
Economic downturns or disruptions in construction, automotive, or industrial machinery sectors directly affect raw steel consumption.
Market Trends
1. Transition Toward Green and Low-Carbon Steelmaking
Producers are increasingly adopting renewable energy, hydrogen-based reduction methods, and EAFs to lower carbon footprints.
2. Rising Demand for High-Strength and Specialty Steel
Industries such as automotive, aerospace, energy, and engineering require advanced steel grades offering improved strength-to-weight ratio and performance.
3. Growing Use of Scrap-Based Steel Production
Recycling of scrap iron is gaining traction as a more energy-efficient and environmentally friendly alternative to traditional blast furnace production.
4. Increased Digitalization of Steel Plants
Automation, AI-based process control, predictive maintenance, and real-time monitoring are becoming common to improve efficiency and product quality.
2. SWOT Analysis
|
Strengths |
Weaknesses |
|
|
• Essential material for major industries (construction, automotive, energy, manufacturing). |
• High carbon emissions and energy-intensive processes. |
|
|
• Mature production technologies with strong global supply chains. |
• Vulnerable to fluctuations in raw material and energy prices. |
|
|
• High recyclability and long-term durability. |
• Capital-intensive operations requiring large investments. |
|
|
• Wide range of steel grades for diverse industries. |
• Exposure to global overcapacity and price competition. |
|
|
Opportunities |
Threats |
|
|
• Growth in renewable energy and infrastructure investments. |
• Increasing regulatory pressure to decarbonize steelmaking. |
|
|
• Adoption of green steel technologies and scrap-based production. |
• Economic slowdowns affecting major end-use industries. |
|
|
• Rising demand in emerging markets with rapid industrialization. |
• Competition from alternative materials (aluminum, composites). |
|
|
• Development of lightweight high-strength steel for transport. |
• Trade restrictions, tariffs, and geopolitical instability. |
|
3. Competitive Landscape Matrix
Competitive Positioning of Key Steel Producers Globally
|
Company |
Production Capacity |
Technological Capability |
Market Reach |
Pricing Strategy |
Competitive Position |
|
ArcelorMittal |
Very High |
Advanced; diversified steel portfolio |
Global |
Mid–Premium |
Global industry leader |
|
Hesteel Group |
Very High |
Strong integrated steelmaking |
Asia & Global |
Mid |
Major Chinese steel producer |
|
Nippon Steel & Sumitomo Metal |
High |
High-strength & specialty steel |
Global |
Premium |
Leading innovator in advanced steel grades |
|
POSCO |
Very High |
Cutting-edge steel technologies |
Global |
Mid–Premium |
Strong in automotive & shipbuilding sectors |
|
Baosteel Group |
Very High |
Advanced flat steel production |
Asia & Global |
Mid |
Key player in industrial and automotive steel |
|
Jiangsu Shagang |
High |
Efficient EAF-based production |
Asia |
Mid–Low |
Major scrap-based steel producer |
|
Ansteel Group |
High |
Strong metallurgical capabilities |
Asia |
Mid |
Significant supplier for construction & energy |
|
JFE Steel |
High |
Technology-focused & diversified |
Global |
Premium |
Strong player in high-end steel applications |
|
Shougang |
High |
Modernized integrated steelmaking |
Asia |
Mid |
Expanding capacity and product quality |
|
Tata Steel |
High |
Advanced steel R&D; diversified markets |
Asia & Europe |
Mid–Premium |
Strong global player with sustainable initiatives |
|
Wuhan Iron & Steel Corporation |
High |
Integrated large-scale production |
Asia |
Mid |
Major producer of flat and long steel products |
|
Shandong Iron & Steel Group |
High |
Strong in long steel & construction steel |
Asia |
Mid |
Growing regional competitor |
|
Hyundai Steel |
High |
Strong automotive sector integration |
Asia |
Mid–Premium |
Key supplier to Korean automotive OEMs |
|
Nucor Corporation |
High |
Leading EAF technology & recycling |
North America |
Mid |
Top U.S. producer with low-cost EAF operations |
|
Maanshan Iron & Steel Company |
Medium–High |
Broad product portfolio |
Asia |
Mid |
Competitive regional steel supplier |
1. Market Overview of Raw Steel
1.1 Raw Steel Market Overview
1.1.1 Raw Steel Product Scope
1.1.2 Market Status and Outlook
1.2 Raw Steel Market Size by Regions:
1.3 Raw Steel Historic Market Size by Regions
1.4 Raw Steel Forecasted Market Size by Regions
1.5 Covid-19 Impact on Key Regions, Keyword Market Size YoY Growth
1.5.1 North America
1.5.2 East Asia
1.5.3 Europe
1.5.4 South Asia
1.5.5 Southeast Asia
1.5.6 Middle East
1.5.7 Africa
1.5.8 Oceania
1.5.9 South America
1.5.10 Rest of the World
1.6 Coronavirus Disease 2019 (Covid-19) Impact Will Have a Severe Impact on Global Growth
1.6.1 Covid-19 Impact: Global GDP Growth, Projections
1.6.2 Covid-19 Impact: Commodity Prices Indices
1.6.3 Covid-19 Impact: Global Major Government Policy
2. Covid-19 Impact Raw Steel Sales Market by Type
2.1 Global Raw Steel Historic Market Size by Type
2.2 Global Raw Steel Forecasted Market Size by Type
2.3 Pig Iron as Raw Material
2.4 Scrap Iron as Raw Material
3. Covid-19 Impact Raw Steel Sales Market by Application
3.1 Global Raw Steel Historic Market Size by Application
3.2 Global Raw Steel Forecasted Market Size by Application
3.3 Construction
3.4 Transport
3.5 Energy infrastructures
3.6 Packaging
3.7 Appliances and Industry
4. Covid-19 Impact Market Competition by Manufacturers
4.1 Global Raw Steel Production Capacity Market Share by Manufacturers
4.2 Global Raw Steel Revenue Market Share by Manufacturers
4.3 Global Raw Steel Average Price by Manufacturers
5. Company Profiles and Key Figures in Raw Steel Business
5.1 ArcelorMittal
5.1.1 ArcelorMittal Company Profile
5.1.2 ArcelorMittal Raw Steel Product Specification
5.1.3 ArcelorMittal Raw Steel Production Capacity, Revenue, Price and Gross Margin
5.2 Hesteel Group
5.2.1 Hesteel Group Company Profile
5.2.2 Hesteel Group Raw Steel Product Specification
5.2.3 Hesteel Group Raw Steel Production Capacity, Revenue, Price and Gross Margin
5.3 Nippon Steel & Sumitomo Metal
5.3.1 Nippon Steel & Sumitomo Metal Company Profile
5.3.2 Nippon Steel & Sumitomo Metal Raw Steel Product Specification
5.3.3 Nippon Steel & Sumitomo Metal Raw Steel Production Capacity, Revenue, Price and Gross Margin
5.4 POSCO
5.4.1 POSCO Company Profile
5.4.2 POSCO Raw Steel Product Specification
5.4.3 POSCO Raw Steel Production Capacity, Revenue, Price and Gross Margin
5.5 Baosteel Group
5.5.1 Baosteel Group Company Profile
5.5.2 Baosteel Group Raw Steel Product Specification
5.5.3 Baosteel Group Raw Steel Production Capacity, Revenue, Price and Gross Margin
5.6 Jiangsu Shagang
5.6.1 Jiangsu Shagang Company Profile
5.6.2 Jiangsu Shagang Raw Steel Product Specification
5.6.3 Jiangsu Shagang Raw Steel Production Capacity, Revenue, Price and Gross Margin
5.7 Ansteel Group
5.7.1 Ansteel Group Company Profile
5.7.2 Ansteel Group Raw Steel Product Specification
5.7.3 Ansteel Group Raw Steel Production Capacity, Revenue, Price and Gross Margin
5.8 JFE
5.8.1 JFE Company Profile
5.8.2 JFE Raw Steel Product Specification
5.8.3 JFE Raw Steel Production Capacity, Revenue, Price and Gross Margin
5.9 Shougang
5.9.1 Shougang Company Profile
5.9.2 Shougang Raw Steel Product Specification
5.9.3 Shougang Raw Steel Production Capacity, Revenue, Price and Gross Margin
5.10 Tata Steel
5.10.1 Tata Steel Company Profile
5.10.2 Tata Steel Raw Steel Product Specification
5.10.3 Tata Steel Raw Steel Production Capacity, Revenue, Price and Gross Margin
5.11 Wuhan Iron and Steel Corporation
5.11.1 Wuhan Iron and Steel Corporation Company Profile
5.11.2 Wuhan Iron and Steel Corporation Raw Steel Product Specification
5.11.3 Wuhan Iron and Steel Corporation Raw Steel Production Capacity, Revenue, Price and Gross Margin
5.12 Shandong Iron and Steel Group
5.12.1 Shandong Iron and Steel Group Company Profile
5.12.2 Shandong Iron and Steel Group Raw Steel Product Specification
5.12.3 Shandong Iron and Steel Group Raw Steel Production Capacity, Revenue, Price and Gross Margin
5.13 Hyundai Steel
5.13.1 Hyundai Steel Company Profile
5.13.2 Hyundai Steel Raw Steel Product Specification
5.13.3 Hyundai Steel Raw Steel Production Capacity, Revenue, Price and Gross Margin
5.14 Nucor Corporation
5.14.1 Nucor Corporation Company Profile
5.14.2 Nucor Corporation Raw Steel Product Specification
5.14.3 Nucor Corporation Raw Steel Production Capacity, Revenue, Price and Gross Margin
5.15 Maanshan Iron and Steel Company
5.15.1 Maanshan Iron and Steel Company Company Profile
5.15.2 Maanshan Iron and Steel Company Raw Steel Product Specification
5.15.3 Maanshan Iron and Steel Company Raw Steel Production Capacity, Revenue, Price and Gross Margin
6. North America
6.1 North America Raw Steel Market Size
6.2 North America Raw Steel Key Players in North America
6.3 North America Raw Steel Market Size by Type
6.4 North America Raw Steel Market Size by Application
7. East Asia
7.1 East Asia Raw Steel Market Size
7.2 East Asia Raw Steel Key Players in North America
7.3 East Asia Raw Steel Market Size by Type
7.4 East Asia Raw Steel Market Size by Application
8. Europe
8.1 Europe Raw Steel Market Size
8.2 Europe Raw Steel Key Players in North America
8.3 Europe Raw Steel Market Size by Type
8.4 Europe Raw Steel Market Size by Application
9. South Asia
9.1 South Asia Raw Steel Market Size
9.2 South Asia Raw Steel Key Players in North America
9.3 South Asia Raw Steel Market Size by Type
9.4 South Asia Raw Steel Market Size by Application
10. Southeast Asia
10.1 Southeast Asia Raw Steel Market Size
10.2 Southeast Asia Raw Steel Key Players in North America
10.3 Southeast Asia Raw Steel Market Size by Type
10.4 Southeast Asia Raw Steel Market Size by Application
11. Middle East
11.1 Middle East Raw Steel Market Size
11.2 Middle East Raw Steel Key Players in North America
11.3 Middle East Raw Steel Market Size by Type
11.4 Middle East Raw Steel Market Size by Application
12. Africa
12.1 Africa Raw Steel Market Size
12.2 Africa Raw Steel Key Players in North America
12.3 Africa Raw Steel Market Size by Type
12.4 Africa Raw Steel Market Size by Application
13. Oceania
13.1 Oceania Raw Steel Market Size
13.2 Oceania Raw Steel Key Players in North America
13.3 Oceania Raw Steel Market Size by Type
13.4 Oceania Raw Steel Market Size by Application
14. South America
14.1 South America Raw Steel Market Size
14.2 South America Raw Steel Key Players in North America
14.3 South America Raw Steel Market Size by Type
14.4 South America Raw Steel Market Size by Application
15. Rest of the World
15.1 Rest of the World Raw Steel Market Size
15.2 Rest of the World Raw Steel Key Players in North America
15.3 Rest of the World Raw Steel Market Size by Type
15.4 Rest of the World Raw Steel Market Size by Application
16 Raw Steel Market Dynamics
16.1 Covid-19 Impact Market Top Trends
16.2 Covid-19 Impact Market Drivers
16.3 Covid-19 Impact Market Challenges
16.4 Porter?s Five Forces Analysis
18 Regulatory Information
17 Analyst's Viewpoints/Conclusions
18 Appendix
18.1 Research Methodology
18.1.1 Methodology/Research Approach
18.1.2 Data Source
18.2 Disclaimer
Market Segmentation
1. By Type
• Pig Iron as Raw Material
• Scrap Iron as Raw Material
2. By Application
• Construction
• Transport
• Energy Infrastructures
• Packaging
• Appliances and Industry
Top Key Players
1. ArcelorMittal
2. Hesteel Group
3. Nippon Steel & Sumitomo Metal
4. POSCO
5. Baosteel Group
6. Jiangsu Shagang Group
7. Ansteel Group
8. JFE Steel
9. Shougang Group
10. Tata Steel
11. Wuhan Iron and Steel Corporation
12. Shandong Iron and Steel Group
13. Hyundai Steel
14. Nucor Corporation
15. Maanshan Iron and Steel Company
Upto 24 to 48 hrs (Working Hours)
Upto 72 hrs max (Working Hours) - Weekends and Public Holidays
Single User License - Allows access to only one person to the report.
Multi User License - Allows sharing with max 5 persons within organization.
Corporate License – Can be shared across entire organization.
Online Payments with PayPal
Wire Transfer / Bank Transfer
At ChemReports, we understand that business decisions can’t wait. Our research specialists are available anytime to answer your queries and guide you through our reports, ensuring quick and reliable assistance.
ChemReports provides 360° market analysis across materials, technologies, and global chemical sectors—helping you make confident business decisions.
We turn complex data into strategic insights to support fact-based decisions, market entry strategies, and competitive analysis.
Your personal and business information is completely secure with us. We value your trust and ensure strict confidentiality.
Need tailored insights? Our analysts provide custom reports built on authentic data and aligned with your specific business goals.