Global Structural Steel Sales Is Anticipated to Expand at A CAGR of 4.8% by 2033


Structural Steel Market is projected to reach US$ 166 Billion by 2033 at a 4.8% CAGR. Germany is forecasted to grow at a CAGR of 3.2% from 2023 to 2033

The global structural steel market is anticipated to expand at a CAGR of 4.8% from 2023 to 2033, reaching a valuation of US$ 166 billion by the end of 2033. Further, the valuation of the global structural steel market is US$ 103.8 billion in 2023. Structural steel refers to some specialized category of steel, which is developed especially for applications in the construction industry. In addition, it is also used for the production of highly durable products with high strength. They are produced in specialized shapes and structures for handling high pressure and stress and also provide low ductility.

The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far-reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for the Demand of the Structural Steel Market both at worldwide and provincial levels.

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Market Players: –

  • Anshan Iron & Steel Group Corporation
  • JSW Steel Limited
  • Hyundai Steel Co., Ltd. (HSC)
  • Hebei Steel Group
  • Gerdau S.A.
  • Evraz Group
  • Baosteel Group Corporation
  • Bohai Steel Group Co. Ltd.

The examiners have utilized various vast conspicuous business knowledge devices to unite realities, figures, and market information into income assessments and projections in the Market.

Key partners in Market including industry players, policymakers, and financial backers in different nations have been persistently realigning their systems and ways to deal with carry out them to take advantage of new open doors. Numerous lately have updated their procedures to stay coordinated in the setting of overall disturbances brought about by the COVID-19 pandemic.

Segmentation of Structural Steel Industry Research

  • By Type :
    • Carbon-manganese Steel
    • HSLA (High Strength, Low Alloy Steel)
    • Heat Treated Carbon Steel
    • Heat Treated Alloy Steel
  • By Application :
    • Non-residential
    • Residential

What Do You Get in a Fact.MR Study?

  • Factors affecting the overall development of the global Structural Steel Market
  • Factor that might restrain the growth of the global market in the coming years of the forecast period.
  • What is present competitive scenario of the global Structural Steel Market and its intricate details concerning potential business prospects of leading market players
  • Pricing strategies of several different market players in the global Structural Steel Market

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

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How Fact.MR Assists in Making Strategic Moves?

The data provided in the Structural Steel Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

Competitive Landscape

Leading companies supplying structural steel are spending on strengthening their supply chain management systems to expand their footprints across the globe. Further, they are involved in technological advancements to produce more effective and quality products. Minimal environmental impact during the manufacturing of structural steel is also ensured by them.

Key manufacturers of structural steel are investing in new developments and upgrading their existing production systems.

For instance :

  • In July 2021, ArcelorMittal announced an upgrade to its existing plant in Spain with a zero-carbon emission facility. This facility is predicted to manufacture around 1.5 tons of zero-carbon-emission steel on an annual basis by the end of 2025.
  • On November 12, 2019, POSCO launched its premium brand INNOVILT. It aims to produce steel products for different construction industries. INNOVILT focuses on various architectural services, including houses, commercial buildings, and infrastructure like bridges and roads.

Key manufacturers of structural steel are Anshan Iron & Steel Group Corporation, JSW Steel Limited, Hyundai Steel Co., Ltd. (HSC), Hebei Steel Group, Gerdau S.A., Evraz Group, Baosteel Group Corporation, and Bohai Steel Group Co. Ltd.

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Published in

Business

Published on

Jun 26, 2023

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