Report Overview

Global Steel Processing Market Forecast and Trends

The global Steel Processing market has reached USD 615.75 Billion in 2019 and estimated to reach USD 721.47 Billion in 2026 and anticipated to grow by CAGR of 2.41% during the forecast period 2020- 2026. The main driving factors for the global steel processing market are the rapid industrialization and urbanization, leading to high steel consumption in the building & construction sector. In addition, steel exhibits properties such as high ductility and welding capacity, high strength, and are anti-corrosive, making them applicable in a wide range of end-use industries such as marine automotive and aerospace & defense; this leads to increased market growth in steel processing during the anticipated period. The carbon steel is broadly used in the construction industries for constructing roads, railway tracks, bridges, and others, owing to its toughness, thereby stimulating the global steel processing market during the forecast horizon. Furthermore, the continuous innovations in steel manufacturing to produce sustainable Steel is most likely to fuel the global steel processing market in the estimated period.

Global Steel Processing Market Overview:

Steel processing is defined as the method of conversion of Steel from scrap steel to steel alloys, which can be used to mold new products for reuse. This conversion is done through melting the Steel in furnaces. There are several applications of steel products and the requirement of Steel with the rapidly growing urban population worldwide. Steel processing removes impurities such as carbon, phosphorus, nitrogen, and silicon from the iron ore since these impurities reduce the quality of the Steel. However, the alloying elements such as manganese, nickel, and chromium are added to the iron ore during processing to enhance steel grade and quality.

Growth drivers

The Growing Demand in Numerous Industries

The Steel is broadly used in the construction industries for constructing roads, railway tracks, bridges, and others, owing to its toughness, thereby stimulating the global steel processing market during the forecast horizon. Moreover, Steel is widely used in end-use industries such as marine automotive and aerospace & defense, owing to properties such as high ductility and welding capacity, high strength, and are anti-corrosive, propelling the steel processing market during the anticipated horizon.

The surge in urban population

Owing to the rising urban population continuously, the populations require several steel products for their needs, which is expected to propel the market of global steel processing. The rise in the urban population coupled with high per capita income generates the demand for steel products for various purposes, which is fueling the market of steel processing during the forecast period.

Restraints

Fluctuation in the prices of Steel

The variation in the rates of Steel may hamper the growth of the Steel Processing Market during the forecast period. Besides, the industry is also impacted by the existence of a stringent regulatory framework concerning the production and processing of raw materials.

Global Steel Processing Market: Steel Type

Based on Steel Type, the Steel Processing market bifurcated into Alloy Steel and Carbon Steel. The carbon steel segment is most likely to dominate the global steel processing market during the forecast horizon, as carbon steel is harder than alloy steel. The carbon steel is broadly used in the construction industries for constructing roads, railway tracks, bridges, and others, owing to its toughness.

Global Steel Processing Market: Steel Shape

Based on Steel Shape, the Steel Processing market segmented into Flat Steel, Long Steel, and Tubular Steel. The long steel segment dominated the global Steel Processing market in 2018 and is expected to remain dominant in the forecast years owing to its into broad use in construction, energy, shipping, packaging, housing, consumer appliances industry, automotive, and others.

Global Steel Processing Market: End-Users

Based on End-Users, the Steel Processing market segregated into Construction, Shipping, Energy, Packaging, Consumer appliances industry, Housing, Automotive, and Others). The Construction segment is anticipated to have the fastest growth during the estimated period due to the speedy development of industries. Steel is widely applied in the automobiles, construction of buildings and rails, and ships due to its high mechanical properties such as ductility, strength, and weldability.

Global Steel Processing Market: Regional insights

By geography, the global Steel Processing Market segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The Asia Pacific is expected to grow at a rapid rate in the global steel processing market over the forecast period due to large-scale industrialization. The significant shift in Asia Pacific's manufacturing base has further boosted the growth of the region's steel processing industry. The availability of relatively cheap labor and land coupled with the facility of operations supported by favorable government policies has led to the establishment in the area of multiple steel processing plants.

Competitive Landscape:

The major market players in the Global Steel Processing are ArcelorMittal, Baosteel Group Corporation, POSCO, Nippon Steel & Sumitomo Metal Corporation, JFE Holdings, Inc., TATA Steel Ltd., United States Steel, Angang Steel Company Limited, Gerdau SA, Maanshan Iron and Steel Company Limited, SAIL, ThyssenKrupp AG, SHAGANG GROUP Inc., Severstal PAO, HBIS GROUP, Hyundai Steel, Bridon-Bekaert, KOBE STEEL, LTD., and other Prominent Players are expanding their presence in the market by implementing various innovations and technologies.

The objective of the Study:

To analyze and forecast the global Steel Processing market size in terms of value.

To examine the careful market segmentation and forecast the market size, in terms value, based on the region by segmenting the Global Steel Processing market into five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa and their leading countries.

To outline, categorized, and forecast the global Steel Processing market based on Steel Type, Steel Shape, and End-User.

To examine competitive developments like technological advancement, services, and regulative framework within the global Steel Processing Market.

To highlight the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Scope of the Report:

By Steel Type

·         Carbon Steel

·         Alloy Steel

By Steel Shape

·         Flat Steel

·         Long Steel

·         Tubular Steel

By End-User

·         Construction

·         Shipping

·         Energy

·         Packaging

·         Consumer appliances industry

·         Housing

·         Automotive

·         Others

By Region:

·         Asia Pacific

·         North America

·         Europe

·         Latin America

·         Middle East & Africa

Business Questions answered by the report

How will the market drivers, restraints, and opportunities affect the market dynamics?

What will be the market size in terms of value and volume and market statistics with a detailed classification?

Which segment dominates the market or region, and one will be the fastest-growing, and why?

A comprehensive survey of the competitive landscape and the market participant players

Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority, and that is why BlueWeave Consulting offers customization according to Company's specific needs. The following customization options are available for the report:

Additional Company Information

With five additional company detail analysis

Additional country analysis

Detailed segment analysis

1.    Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary & Secondary Sources

2.2. Quantitative Research

2.2.1.   Primary & Secondary Sources

2.3. Breakdown of Primary Research Respondents, By Region

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents

2.5. Market Size Estimation

2.6. Assumption for The Study

2.7. Market Breakdown & Data Triangulation

3.    Executive Summary

4.    Global Steel Processing Insights

4.1. DROC Analysis

4.1.1.   Growth Drivers

4.1.2.   Restraints

4.1.3.   Opportunities

4.1.4.   Challenges

4.2. Technological Landscape

4.3. Regulatory Framework

4.4. Company Market Share Analysis, 2019

4.5. Porter’s Five forces analysis

4.5.1.   Bargaining Power of Suppliers

4.5.2.   Bargaining Power of Buyers

4.5.3.   Threat of New Entrants

4.5.4.   Threat of Substitutes

4.5.5.   Intensity of Rivalry

5.    Global Steel Processing Market Overview

5.1. Market Size & Forecast by Value, 2016-2026

5.1.1.   By Value (USD Billion)

5.2. Market Share & Forecast 2016-2026

5.2.1.   By Steel Type

5.2.1.1.       Carbon Steel

5.2.1.2.       Alloy Steel

5.2.2.   By Steel Shape

5.2.2.1.       Flat Steel

5.2.2.2.       Long Steel

5.2.2.3.       Tubular Steel

5.2.3.   By End-user

5.2.3.1.       Construction

5.2.3.2.       Shipping

5.2.3.3.       Energy

5.2.3.4.       Packaging

5.2.3.5.       Consumer appliances industry

5.2.3.6.       Housing

5.2.3.7.       Automotive

5.2.3.8.       Others

5.2.4.   By Region

5.2.4.1.       North America

5.2.4.2.       Europe

5.2.4.3.       Asia Pacific

5.2.4.4.       Latin America

5.2.4.5.       Middle East & Africa

6.    North America Steel Processing Market

6.1. Market Size & Forecast by Value, 2016-2026

6.1.1.   By Value (USD Billion)

6.2. Market Share & Forecast 2016-2026

6.2.1.   By Steel Type

6.2.2.   By Steel Shape

6.2.3.   By End-user

6.2.4.   By Country

6.2.4.1.       U.S

6.2.4.2.       Canada

7.    Europe Steel Processing Market

7.1. Market Size & Forecast by Value, 2016-2026

7.1.1.   By Value (USD Billion)

7.2. Market Share & Forecast 2016-2026

7.2.1.   By Steel Type

7.2.2.   By Steel Shape

7.2.3.   By End-user

7.2.4.   By Country

7.2.4.1.       Germany

7.2.4.2.       U.K

7.2.4.3.       France

7.2.4.4.       Italy

7.2.4.5.       Spain

7.2.4.6.       Rest of Europe

8.    Asia Pacific Steel Processing Market

8.1. Market Size & Forecast by Value, 2016-2026

8.1.1.   By Value (USD Billion)

8.2. Market Share & Forecast 2016-2026

8.2.1.   By Steel Type

8.2.2.   By Steel Shape

8.2.3.   By End-user

8.2.4.   By Country

8.2.4.1.       China

8.2.4.2.       India

8.2.4.3.       Japan

8.2.4.4.       South Korea

8.2.4.5.       Rest of Asia Pacific

9.    Latin America Steel Processing Market

9.1. Market Size & Forecast by Value, 2016-2026

9.1.1.   By Value (USD Billion)

9.2. Market Share & Forecast 2016-2026

9.2.1.   By Steel Type

9.2.2.   By Steel Shape

9.2.3.   By End-user

9.2.4.   By Country

9.2.4.1.       Brazil

9.2.4.2.       Mexico

9.2.4.3.       Argentina

9.2.4.4.       Rest of Latin America

10. Middle East & Africa Steel Processing Market

10.1.             Market Size & Forecast by Value, 2016-2026

10.1.1.                By Value (USD Billion)

10.2.             Market Share & Forecast 2016-2026

10.2.1.                By Steel Type

10.2.2.                By Steel Shape

10.2.3.                By End-user

10.2.4.                By Country

10.2.4.1.    Saudi Arabia

10.2.4.2.    U.A.E.

10.2.4.3.    South Africa

10.2.4.4.    Rest of Middle East & Africa

11.Company Profile (Company Overview, Financial Matrix, Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *

11.1.             ArcelorMittal

11.2.             Baosteel Group Corporation

11.3.             POSCO

11.4.             Nippon Steel & Sumitomo Metal Corporation

11.5.             JFE Holdings, Inc.

11.6.             TATA Steel Ltd.

11.7.             United States Steel

11.8.             Angang Steel Company Limited

11.9.             Gerdau SA

11.10.          Maanshan Iron and Steel Company Limited

11.11.          SAIL

11.12.          ThyssenKrupp AG

11.13.          SHAGANG GROUP Inc.

11.14.          Severstal PAO

11.15.          HBIS GROUP

11.16.          Hyundai Steel

11.17.          Bridon-Bekaert

11.18.          KOBE STEEL, LTD.

11.19.          Other Prominent Players

List of Figures:

Fig: Global Steel Processing Steels Segmentation

Fig: Company Market Share Analysis, 2019

Fig: Global Steel Processing Steels Market Size, By Value (USD Billion), 2016-2026

Fig: Global Steel Processing Steels Market Share, By Steel Type, By Value, 2016-2026

Fig: Global Steel Processing Steels Market Share, By Steel Shape, By Value, 2016-2026

Fig: Global Steel Processing Steels Market Share, By End-user, By Value, 2016-2026

Fig: Global Steel Processing Steels Market Share, By Region, By Value, 2016-2026

Fig: North America Steel Processing Steels Market Size, By Value (USD Billion), 2016-2026

Fig: North America Steel Processing Steels Market Y-o-Y Growth, By Value, 2017-2026

Fig: North America Steel Processing Steels Market Share, By Steel Type, By Value, 2016-2026

Fig: North America Steel Processing Steels Market Share, By Steel Shape, By Value, 2016-2026

Fig: North America Steel Processing Steels Market Share, By End-user, By Value, 2016-2026

Fig: North America Steel Processing Steels Market Share, By Country, By Value, 2016-2026

Fig: Europe Steel Processing Steels Market Size, By Value (USD Billion), 2016-2026

Fig: Europe Steel Processing Steels Market Y-o-Y Growth, By Value, 2017-2026

Fig: Europe Steel Processing Steels Market Share, By Steel Type, By Value, 2016-2026

Fig: Europe Steel Processing Steels Market Share, By Steel Shape, By Value, 2016-2026

Fig: Europe Steel Processing Steels Market Share, By End-user, By Value, 2016-2026

Fig: Europe Steel Processing Steels Market Share, By Country, By Value, 2016-2026

Fig: Asia-Pacific Steel Processing Steels Market Size, By Value (USD Billion), 2016-2026

Fig: Asia-Pacific Steel Processing Steels Market Y-o-Y Growth, By Value, 2017-2026

Fig: Asia-Pacific Steel Processing Steels Market Share, By Steel Type, By Value, 2016-2026

Fig: Asia-Pacific Steel Processing Steels Market Share, By Steel Shape, By Value, 2016-2026

Fig: Asia-Pacific Steel Processing Steels Market Share, By End-user, By Value, 2016-2026Fig: Asia-Pacific Steel Processing Steels Market Share, By Country, By Value, 2016-2026

Fig: Latin America Steel Processing Steels Market Size, By Value (USD Billion), 2016-2026

Fig: Latin America Steel Processing Steels Market Y-o-Y Growth, By Value, 2017-2026

Fig: Latin America Steel Processing Steels Market Share, By Steel Type, By Value, 2016-2026

Fig: Latin America Steel Processing Steels Market Share, By Steel Shape, By Value, 2016-2026

Fig: Latin America Steel Processing Steels Market Share, By End-user, By Value, 2016-2026

Fig: Latin America Steel Processing Steels Market Share, By Country, By Value, 2016-2026

Fig: Middle-East & Africa Steel Processing Steels Market Size, By Value (USD Billion), 2016-2026

Fig: Middle-East & Africa Steel Processing Steels Market Y-o-Y Growth, By Value, 2017-2026

Fig: Middle-East & Africa Steel Processing Steels Market Share, By Steel Type, By Value, 2016-2026

Fig: Middle-East & Africa Steel Processing Steels Market Share, By Steel Shape, By Value, 2016-2026

Fig: Middle-East & Africa Steel Processing Steels Market Share, By End-user, By Value, 2016-2026

Fig: Middle East & Africa Steel Processing Steels Market Share, By Country, By Value, 2016-2026

List of Tables:

Table: Global Steel Processing Steels Market Size, By Steel Type, By Value, 2016-2026

Table: Global Steel Processing Steels Market Size, By Steel Shape, By Value, 2016-2026

Table: Global Steel Processing Steels Market Size, By End-user, By Value, 2016-2026

Table: Global Steel Processing Steels Market Size, By Region, By Value, 2016-2026

Table: North America Steel Processing Steels Market Size, By Steel Type, By Value, 2016-2026

Table: North America Steel Processing Steels Market Size, By Steel Shape, By Value, 2016-2026

Table: North America Steel Processing Steels Market Size, By End-user, By Value, 2016-2026

Table: North America Steel Processing Steels Market Size, By Country, By Value, 2016-2026

Table: Europe Steel Processing Steels Market Size, By Steel Type, By Value, 2016-2026

Table: Europe Steel Processing Steels Market Size, By Steel Shape, By Value, 2016-2026

Table: Europe Steel Processing Steels Market Size, By End-user, By Value, 2016-2026

Table: Europe Steel Processing Steels Market Size, By Country, By Value, 2016-2026

Table: Asia-Pacific Steel Processing Steels Market Size, By Steel Type, By Value, 2016-2026

Table: Asia-Pacific Steel Processing Steels Market Size, By Steel Shape, By Value, 2016-2026

Table: Asia-Pacific Steel Processing Steels Market Size, By End-user, By Value, 2016-2026

Table: Asia-Pacific Steel Processing Steels Market Size, By Country, By Value, 2016-2026

Table: Latin America Steel Processing Steels Market Size, By Steel Type, By Value, 2016-2026

Table: Latin America Steel Processing Steels Market Size, By Steel Shape, By Value, 2016-2026

Table: Latin America Steel Processing Steels Market Size, By End-user, By Value, 2016-2026

Table: Latin America Steel Processing Steels Market Size, By Country, By Value, 2016-2026

Table: Middle-East & Africa Steel Processing Steels Market Size, By Steel Type, By Value, 2016-2026

Table: Middle-East & Africa Steel Processing Steels Market Size, By Steel Shape, By Value, 2016-2026

Table: Middle-East & Africa Steel Processing Steels Market Size, By End-user, By Value, 2016-2026

Table: Middle East & Africa Steel Processing Steels Market Size, By Country, By Value, 2016-2026

Table: ArcelorMittal Financial Analysis

Table: Baosteel Group Corporation Financial Analysis

Table: POSCO Financial Analysis

Table: Nippon Steel & Sumitomo Metal Corporation Financial Analysis

Table: JFE Holdings, Inc. Financial Analysis

Table: TATA Steel Ltd. Financial Analysis

Table: SAIL Financial Analysis

Table: ThyssenKrupp AG Financial Analysis

Table: Hyundai Steel Financial Analysis

Table: Bridon-Bekaert Financial Analysis

Table: KOBE STEEL, LTD. Financial Analysis

*Financial Information of non-listed companies will be provided as per the availability

**The segmentation and the companies are subjected to modification based on the in-depth secondary for the final deliverable.