The rolled and drawn steel market size has grown strongly in recent years. It will grow from $273.88 billion in 2024 to $293.96 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to industrialization and infrastructure development, automotive industry growth, global economic expansion, urbanization trends, energy sector developments.
The rolled and drawn steel market size is expected to see strong growth in the next few years. It will grow to $365.53 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to renewable energy infrastructure, electric vehicles (EV) expansion, focus on sustainable construction, smart cities and IoT integration, stricter environmental regulations. Major trends in the forecast period include infrastructure investments, technological innovations in steel processing, technological advancements in steel production, industry 4 integration, digitalization of supply chains.
The expanding global automotive industry is expected to drive the growth of the rolled and drawn steel market in the near future. The automotive sector's growth is leading to a higher demand for automotive parts to enhance both the interior and exterior appearance of vehicles, as well as to improve their longevity and maintain their original quality, subsequently increasing the need for rolled and drawn steel. For example, in December 2023, Marklines Co., a Japan-based advertising agency, reported that total car sales in the United States reached 15,608,386 units in 2023, reflecting a 12.3% increase from 13,905,195 units in 2022. Thus, the growth of the automotive industry will stimulate the rolled and drawn steel market.
The rising investment in infrastructure is projected to enhance the growth of the rolled and drawn steel market in the future. Infrastructure encompasses the essential physical and organizational structures and facilities required for a society, industry, or enterprise, including transportation, communication, utilities, and buildings. Rolled and drawn steel plays a crucial role in infrastructure, as it is a key material for constructing bridges, buildings, pipelines, and various structural components due to its strength, durability, and versatility. For instance, in July 2024, the Office for National Statistics, a UK-based statistics authority, reported that total investment in infrastructure by the general government rose by 9.6% in 2022, reaching £26 billion (approximately $32.8 billion). This included £19.3 billion (around $24.4 billion) from the central government and £6.7 billion (about $8.5 billion) from local governments. Transport projects accounted for £22.5 billion (roughly $28.5 billion), making up 74.2% of the total investment, which was a 1.1 percentage point increase from the previous year. Therefore, the increasing investment in infrastructure is driving the rolled and drawn steel market.
Product innovation is a significant trend gaining traction in the rolled and drawn steel market. Leading companies in this sector are concentrating on developing innovative products to enhance their market position. For example, in September 2022, United States Steel Corporation, a US-based company, introduced ZMAG coated steel. Thanks to its zinc-aluminum-magnesium coating, this product is more resilient to environmental conditions, making it suitable for applications in the solar, automotive, and construction industries. The ZMAG coated steel is produced using verdeX steel, which contains up to 90% recycled steel content.
Key companies in the rolled and drawn steel market are directing their focus towards developing coated steel, including antibacterial coatings, to enhance hygiene and maximize market profits. Antibacterial coating serves as a protective layer on surfaces, inhibiting the growth of harmful microorganisms and promoting hygiene. In May 2023, Novolipetsk Steel (NLMK), a Russia-based steel-making company, launched premium rolled steel featuring an antibacterial coating. Initial trials conducted by the company's partners attest to the coating's ability to safeguard the metal from harmful microorganisms, making it suitable for interior surfaces in sectors such as food and healthcare industries.
In March 2023, ArcelorMittal, a multinational steel manufacturing and mining corporation based in Luxembourg, completed the acquisition of Companhia Siderúrgica do Pecém (‘CSP’) for approximately $2.2 billion. This strategic move was intended to capitalize on steel demand growth, expand capacity, and add finishing facilities. CSP, operating in the rolled and drawn steel market, is a Brazil-based manufacturer of steel products.
Major companies operating in the rolled and drawn steel market include KG Dongbu Steel Co Ltd., China Baowu Steel Group Corp Ltd., ArcelorMittal S.A., Pohang Iron and Steel Company, Nippon Steel Corporation, Baosteel Group Co, Jiangsu Shagang Group Co Ltd., ThyssenKrupp AG, Shougang Group Co Ltd., Nucor Corporation, Anyang Iron and Steel Group Co Ltd., JFE Holdings Inc., Jianlong Group, Tata Steel Limited, Ansteel Group, Hesteel Group Company Limited, JSW Steel Limited, Hyundai Steel Co Ltd., Maanshan Iron and Steel Company Limited, United States Steel Corporation, NLMK Group, Gerdau S.A., China Steel Corporation, BlueScope Steel Limited, Benxi Steel Group Corp Ltd., Steel Authority of India Limited, Hunan Valin Steel Co Ltd., Yieh Phui Enterprise, Rautaruukki Oyj, MST Steel Corp.
Asia-Pacific was the largest region in the rolled and drawn steel market in 2024. The regions covered in the rolled and drawn steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the rolled and drawn steel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Rolled and drawn steel refers to the process of initially casting steel from hot, molten material into large slabs or billets. These billets are then heated to over 1700°F and compressed into elongated sheets using rollers. The sheets are pulled through dies to achieve the desired shape.
The primary types of rolled and drawn steel comprise color-coated coils, continuous hot dip galvanized steel coils, carbon structural steel cold-rolled coils, and deep drawing cold-rolled coils. Color-coated rolled steel is a flat material painted with protective ornamental paint, produced through processes such as basic oxygen furnace (BOF) and electric arc furnace (EAF). It is widely used in automotive, construction, home appliances, machinery, and other applications.
The rolled and drawn steel market research report is one of a series of new reports that provides rolled and drawn steel market statistics, including rolled and drawn steel industry global market size, regional shares, competitors with a rolled and drawn steel market share, detailed rolled and drawn steel market segments, market trends, and opportunities, and any further data you may need to thrive in the rolled and drawn steel industry. This rolled and drawn steel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The rolled and drawn steel market consists of sales of cold-rolled steel, hot-rolled steel, flat steel, and cold-drawn steel products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The rolled and drawn steel market size is expected to see strong growth in the next few years. It will grow to $365.53 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to renewable energy infrastructure, electric vehicles (EV) expansion, focus on sustainable construction, smart cities and IoT integration, stricter environmental regulations. Major trends in the forecast period include infrastructure investments, technological innovations in steel processing, technological advancements in steel production, industry 4 integration, digitalization of supply chains.
The expanding global automotive industry is expected to drive the growth of the rolled and drawn steel market in the near future. The automotive sector's growth is leading to a higher demand for automotive parts to enhance both the interior and exterior appearance of vehicles, as well as to improve their longevity and maintain their original quality, subsequently increasing the need for rolled and drawn steel. For example, in December 2023, Marklines Co., a Japan-based advertising agency, reported that total car sales in the United States reached 15,608,386 units in 2023, reflecting a 12.3% increase from 13,905,195 units in 2022. Thus, the growth of the automotive industry will stimulate the rolled and drawn steel market.
The rising investment in infrastructure is projected to enhance the growth of the rolled and drawn steel market in the future. Infrastructure encompasses the essential physical and organizational structures and facilities required for a society, industry, or enterprise, including transportation, communication, utilities, and buildings. Rolled and drawn steel plays a crucial role in infrastructure, as it is a key material for constructing bridges, buildings, pipelines, and various structural components due to its strength, durability, and versatility. For instance, in July 2024, the Office for National Statistics, a UK-based statistics authority, reported that total investment in infrastructure by the general government rose by 9.6% in 2022, reaching £26 billion (approximately $32.8 billion). This included £19.3 billion (around $24.4 billion) from the central government and £6.7 billion (about $8.5 billion) from local governments. Transport projects accounted for £22.5 billion (roughly $28.5 billion), making up 74.2% of the total investment, which was a 1.1 percentage point increase from the previous year. Therefore, the increasing investment in infrastructure is driving the rolled and drawn steel market.
Product innovation is a significant trend gaining traction in the rolled and drawn steel market. Leading companies in this sector are concentrating on developing innovative products to enhance their market position. For example, in September 2022, United States Steel Corporation, a US-based company, introduced ZMAG coated steel. Thanks to its zinc-aluminum-magnesium coating, this product is more resilient to environmental conditions, making it suitable for applications in the solar, automotive, and construction industries. The ZMAG coated steel is produced using verdeX steel, which contains up to 90% recycled steel content.
Key companies in the rolled and drawn steel market are directing their focus towards developing coated steel, including antibacterial coatings, to enhance hygiene and maximize market profits. Antibacterial coating serves as a protective layer on surfaces, inhibiting the growth of harmful microorganisms and promoting hygiene. In May 2023, Novolipetsk Steel (NLMK), a Russia-based steel-making company, launched premium rolled steel featuring an antibacterial coating. Initial trials conducted by the company's partners attest to the coating's ability to safeguard the metal from harmful microorganisms, making it suitable for interior surfaces in sectors such as food and healthcare industries.
In March 2023, ArcelorMittal, a multinational steel manufacturing and mining corporation based in Luxembourg, completed the acquisition of Companhia Siderúrgica do Pecém (‘CSP’) for approximately $2.2 billion. This strategic move was intended to capitalize on steel demand growth, expand capacity, and add finishing facilities. CSP, operating in the rolled and drawn steel market, is a Brazil-based manufacturer of steel products.
Major companies operating in the rolled and drawn steel market include KG Dongbu Steel Co Ltd., China Baowu Steel Group Corp Ltd., ArcelorMittal S.A., Pohang Iron and Steel Company, Nippon Steel Corporation, Baosteel Group Co, Jiangsu Shagang Group Co Ltd., ThyssenKrupp AG, Shougang Group Co Ltd., Nucor Corporation, Anyang Iron and Steel Group Co Ltd., JFE Holdings Inc., Jianlong Group, Tata Steel Limited, Ansteel Group, Hesteel Group Company Limited, JSW Steel Limited, Hyundai Steel Co Ltd., Maanshan Iron and Steel Company Limited, United States Steel Corporation, NLMK Group, Gerdau S.A., China Steel Corporation, BlueScope Steel Limited, Benxi Steel Group Corp Ltd., Steel Authority of India Limited, Hunan Valin Steel Co Ltd., Yieh Phui Enterprise, Rautaruukki Oyj, MST Steel Corp.
Asia-Pacific was the largest region in the rolled and drawn steel market in 2024. The regions covered in the rolled and drawn steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the rolled and drawn steel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Rolled and drawn steel refers to the process of initially casting steel from hot, molten material into large slabs or billets. These billets are then heated to over 1700°F and compressed into elongated sheets using rollers. The sheets are pulled through dies to achieve the desired shape.
The primary types of rolled and drawn steel comprise color-coated coils, continuous hot dip galvanized steel coils, carbon structural steel cold-rolled coils, and deep drawing cold-rolled coils. Color-coated rolled steel is a flat material painted with protective ornamental paint, produced through processes such as basic oxygen furnace (BOF) and electric arc furnace (EAF). It is widely used in automotive, construction, home appliances, machinery, and other applications.
The rolled and drawn steel market research report is one of a series of new reports that provides rolled and drawn steel market statistics, including rolled and drawn steel industry global market size, regional shares, competitors with a rolled and drawn steel market share, detailed rolled and drawn steel market segments, market trends, and opportunities, and any further data you may need to thrive in the rolled and drawn steel industry. This rolled and drawn steel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The rolled and drawn steel market consists of sales of cold-rolled steel, hot-rolled steel, flat steel, and cold-drawn steel products. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Rolled and Drawn Steel Market Characteristics3. Rolled and Drawn Steel Market Trends and Strategies4. Rolled and Drawn Steel Market - Macro Economic Scenario Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Rolled and Drawn Steel Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Rolled and Drawn Steel Market34. Recent Developments in the Rolled and Drawn Steel Market
5. Global Rolled and Drawn Steel Growth Analysis and Strategic Analysis Framework
6. Rolled and Drawn Steel Market Segmentation
7. Rolled and Drawn Steel Market Regional and Country Analysis
8. Asia-Pacific Rolled and Drawn Steel Market
9. China Rolled and Drawn Steel Market
10. India Rolled and Drawn Steel Market
11. Japan Rolled and Drawn Steel Market
12. Australia Rolled and Drawn Steel Market
13. Indonesia Rolled and Drawn Steel Market
14. South Korea Rolled and Drawn Steel Market
15. Western Europe Rolled and Drawn Steel Market
16. UK Rolled and Drawn Steel Market
17. Germany Rolled and Drawn Steel Market
18. France Rolled and Drawn Steel Market
19. Italy Rolled and Drawn Steel Market
20. Spain Rolled and Drawn Steel Market
21. Eastern Europe Rolled and Drawn Steel Market
22. Russia Rolled and Drawn Steel Market
23. North America Rolled and Drawn Steel Market
24. USA Rolled and Drawn Steel Market
25. Canada Rolled and Drawn Steel Market
26. South America Rolled and Drawn Steel Market
27. Brazil Rolled and Drawn Steel Market
28. Middle East Rolled and Drawn Steel Market
29. Africa Rolled and Drawn Steel Market
30. Rolled and Drawn Steel Market Competitive Landscape and Company Profiles
31. Rolled and Drawn Steel Market Other Major and Innovative Companies
35. Rolled and Drawn Steel Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Rolled and Drawn Steel Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on rolled and drawn steel market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for rolled and drawn steel? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The rolled and drawn steel market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Color Coated Coil; Continuous Hot Dip Galvanized Steel Coil; Carbon Structural Steel Cold Rolled Coils; Deep Drawing Cold Rolled Coils2) By Manufacturing Process: Basic Oxygen Furnace (BOF); Electric Arc Furnace (EAF)
3) By Application: Automotive; Construction; Home Appliance; Machinery; Other Applications
Subsegments:
1) By Color Coated Coil: Pre-Painted Galvanized Steel; Pre-Painted Aluminum2) By Continuous Hot Dip Galvanized Steel Coil: Electro-Galvanized Steel; Hot-Dip Galvanized Steel
3) By Carbon Structural Steel Cold Rolled Coils: Cold Rolled Carbon Steel Sheets; Cold Rolled Carbon Steel Strips
4) By Deep Drawing Cold Rolled Coils: Deep Drawing Quality Sheets; Deep Drawing Quality Strips
Key Companies Mentioned: KG Dongbu Steel Co Ltd.; China Baowu Steel Group Corp Ltd.; ArcelorMittal S.A.; Pohang Iron and Steel Company; Nippon Steel Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- KG Dongbu Steel Co Ltd.
- China Baowu Steel Group Corp Ltd.
- ArcelorMittal S.A.
- Pohang Iron and Steel Company
- Nippon Steel Corporation
- Baosteel Group Co
- Jiangsu Shagang Group Co Ltd.
- ThyssenKrupp AG
- Shougang Group Co Ltd.
- Nucor Corporation
- Anyang Iron and Steel Group Co Ltd.
- JFE Holdings Inc.
- Jianlong Group
- Tata Steel Limited
- Ansteel Group
- Hesteel Group Company Limited
- JSW Steel Limited
- Hyundai Steel Co Ltd.
- Maanshan Iron and Steel Company Limited
- United States Steel Corporation
- NLMK Group
- Gerdau S.A.
- China Steel Corporation
- BlueScope Steel Limited
- Benxi Steel Group Corp Ltd.
- Steel Authority of India Limited
- Hunan Valin Steel Co Ltd.
- Yieh Phui Enterprise
- Rautaruukki Oyj
- MST Steel Corp
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | March 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 293.96 Billion |
| Forecasted Market Value ( USD | $ 365.53 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
