Global Steel Product Market Insights and Forecast to 2028

Steel is both the most widely used and most recycled metal material on earth. From stainless and high-temperature steels to flat carbon products, steel in its various forms and alloys offer different properties to meet a wide range of applications. For these reasons, as well as the metal's combination of high strength and a relatively low production cost, steel is now used in countless products.
In steel industry terminology long steel products or long products refers to steel products including wire, rod, rail, and bars as well as types of steel structural sections and girders.
Flat products include slabs, hot-rolled coil, cold-rolled coil, coated steel products, tinplate and heavy plate.
Tubular steel is a multi-functional necessity for many industries. It can be beautiful and decorative, simple and strictly functional, and anywhere in between. It can be large or small, short or long, thick or thin, and any shape you can imagine. Steel tubing is also rectangular, oval, D-shaped, and many other shapes.
Market Analysis and Insights: Global Steel Product Market
Due to the COVID-19 pandemic, the global Steel Product market size is estimated to be worth US$ 908680 million in 2022 and is forecast to a readjusted size of US$ 1072430 million by 2028 with a CAGR of 2.8% during the review period. Fully considering the economic change by this health crisis, Flat Steel Products accounting for % of the Steel Product global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Construction segment is altered to an % CAGR throughout this forecast period.
Leading players in the Steel Product market include ArcelorMittal (Luxembourg), Baowu Steel Group (China), POSCO (South Korea), Nippon Steel & Sumitomo Metal Corporation (Japan), and JFE Holdings, Inc. (Japan), with about 22% market shares.
China also is the largest production place, with a production market share nearly 45%. Following Europe, Europe is the second largest production place with the consumption market share of 14%.
In terms of production side, this report researches the Steel Product capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Steel Product by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Steel Product Scope and Segment
Steel Product market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Steel Product market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Flat Steel Products
Long Steel Products
Pipe & Tube Products
Segment by Application
Construction
Transport
Energy
Packaging
Appliances and Industry
By Company
ArcelorMittal
Nippon Steel & Sumitomo Metal
China Baowu Steel Group
POSCO
Hesteel Group
JFE Steel Corporation
Tata Steel
Nucor Corporation
Hyundai Steel
Shagang Group
Ansteel Group
NLMK Group
Gerdau
ThyssenKrupp
Valin Steel Group
United States Steel Corporation
JSW Steel Ltd
Shougang
Steel Authority of India Limited
Maanshan Steel
Shandong Steel
Evraz
Benxi Steel Group
China Steel
Jianlong Group
Fangda Steel
Production by Region
North America
Europe
South America
Japan
China
Taiwan(China)
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E

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