Key Highlights
- Steel market consists of the production of crude steel in the stated country or region. Crude steel production refers to the production of the first solid steel products upon solidification of liquid steel. It includes ingots (in conventional mills) and semis (in modern mills with continuous casting facilities). Crude steel also includes liquid steel, which goes into the production of steel castings.
- The German steel market recorded revenues of $31.38 billion in 2023, representing a compound annual growth rate (CAGR) of 3.1% between 2018 and 2023.
- Market production volumes declined with a negative CAGR of 3.5% between 2018 and 2023, reaching a total of 35.43 million tonnes in 2023.
- In 2023, the German steel market, holding 14.8% of Europe's share, contracted due to rising energy costs and reduced demand from the automotive and construction sectors. Increased production costs, competition from cheaper imports, economic uncertainties, and supply chain disruptions also contributed to the downturn.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the steel market in Germany
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the steel market in Germany
- Leading company profiles reveal details of key steel market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Germany steel market with five year forecasts
Reasons to Buy
- What was the size of the Germany steel market by value in 2023?
- What will be the size of the Germany steel market in 2028?
- What factors are affecting the strength of competition in the Germany steel market?
- How has the market performed over the last five years?
- What are the main segments that make up Germany's steel market?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ThyssenKrupp AG
- Saarstahl AG
- ArcelorMittal SA
- Salzgitter AG