This Structural Steel market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The structural steel market size has grown strongly in recent years. It will grow from $109.06 billion in 2024 to $115.82 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to the growing demand for energy conservation, the need for waste reduction in construction, strict regulations on carbon emissions, the urgency to address rapid deforestation, and an increasing population in growing economies.
The structural steel market size is expected to see strong growth in the next few years. It will grow to $145.74 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to the increasing need for stainless steel, the desire for green building construction, the rise of manufacturing industries, the rising focus on recycling, and the increasing demand for sustainable steelmaking practices. Major trends in the forecast period include digitalization and industry 4.0, building information modeling (BIM), advanced high-strength steel (AHSS), sustainable steel production, and automation and robotics.
The rise in construction of residential and commercial infrastructure is expected to boost the growth of the structural steel market. Residential and commercial infrastructure encompasses the buildings and facilities that support housing and business activities, including homes, apartments, offices, retail spaces, and other essential structures. The growth in this sector is driven by smart city initiatives, strategic infrastructure planning, affordable housing projects, and sustainability efforts led by government bodies. Structural steel is crucial for these projects due to its strength and versatility, providing essential support and stability for building frameworks and large-scale construction efforts. For example, the US Census Bureau reported in August 2024 that the value of construction operations for residential projects in the US increased from $875.5 billion in June 2023 to $939.8 billion in June 2024, a 7.3% rise. Similarly, the value of non-residential construction operations grew from $1.15 trillion in June 2023 to $1.21 trillion in June 2024, a 5.3% increase. Thus, the growing construction of residential and commercial infrastructure is driving the expansion of the structural steel market.
Leading companies in the structural steel market are focusing on developing steel building solutions to enhance construction methods. These solutions offer robust, versatile, and efficient methods for creating durable and adaptable infrastructure. For instance, in July 2022, APL Apollo, an India-based structural steel tubing company, introduced next-generation steel building solutions technology. This innovation features heavy structural tubular products designed to accelerate project completion while delivering superior quality, strength, cost-effectiveness, and environmental benefits. The prefabricated, precisely engineered tubular sections simplify fabrication, saving time and effort in constructing various structures such as hospitals, factories, and commercial offices.
In May 2024, Lainco Inc., a Canada-based structural project management firm, acquired Charpentes D'Acier Sofab Inc. for an undisclosed amount. This acquisition aims to position Lainco for continued success and growth in the structural steel sector, enhancing its ability to offer innovative solutions and maintain high service standards for a wider customer base. Charpentes D'Acier Sofab Inc. is a structural steel manufacturing company based in Canada.
Major companies operating in the structural steel market are Severstal, ArcelorMittal S.A., POSCO, China Baowu Steel Group Corp Ltd, Nippon Steel Corporation, Thyssenkrupp AG, Nucor Corporation, JFE Steel Corporation, Tata Steel Limited, United States Steel Corporation, JSW Steel, HBIS GROUP, Hyundai Steel Co Ltd, Ansteel Group, Voestalpine AG, Jiangsu Shagang Group Co Ltd, Gerdau S.A, Evraz Plc, Steel Authority of India Limited (SAIL), SSAB AB, Outokumpu Oyj, Anyang Iron & Steel Group Co. Ltd, British Steel Limited.
Asia-Pacific was the largest region in the structural steel market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the structural steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the structural steel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Structural steel is a category of steel used in construction to support and shape buildings and infrastructure. It encompasses various shapes and sizes, such as beams, columns, and plates, designed to withstand specific loads and stresses. Its strength, durability, and versatility make it an essential material in structural engineering and construction.
The main types of structural steel are hot-rolled steel and cold-rolled steel. Hot-rolled steel is processed at high temperatures, typically above its recrystallization point, to achieve the desired shapes and properties. This method results in a material with enhanced strength and durability. Products include heavy sectional steel, light sectional steel, and rebar, and these are used in both residential and non-residential applications.
The structural steel market research report is one of a series of new reports that provides structural steel market statistics, including structural steel industry global market size, regional shares, competitors with a structural steel market share, detailed structural steel market segments, market trends and opportunities, and any further data you may need to thrive in the structural steel industry. This structural 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 structural steel market consists of sales of carbon steel, high-strength carbon steel, weathering steel, and fire-resistant steel. 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 structural steel market size has grown strongly in recent years. It will grow from $109.06 billion in 2024 to $115.82 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to the growing demand for energy conservation, the need for waste reduction in construction, strict regulations on carbon emissions, the urgency to address rapid deforestation, and an increasing population in growing economies.
The structural steel market size is expected to see strong growth in the next few years. It will grow to $145.74 billion in 2029 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to the increasing need for stainless steel, the desire for green building construction, the rise of manufacturing industries, the rising focus on recycling, and the increasing demand for sustainable steelmaking practices. Major trends in the forecast period include digitalization and industry 4.0, building information modeling (BIM), advanced high-strength steel (AHSS), sustainable steel production, and automation and robotics.
The rise in construction of residential and commercial infrastructure is expected to boost the growth of the structural steel market. Residential and commercial infrastructure encompasses the buildings and facilities that support housing and business activities, including homes, apartments, offices, retail spaces, and other essential structures. The growth in this sector is driven by smart city initiatives, strategic infrastructure planning, affordable housing projects, and sustainability efforts led by government bodies. Structural steel is crucial for these projects due to its strength and versatility, providing essential support and stability for building frameworks and large-scale construction efforts. For example, the US Census Bureau reported in August 2024 that the value of construction operations for residential projects in the US increased from $875.5 billion in June 2023 to $939.8 billion in June 2024, a 7.3% rise. Similarly, the value of non-residential construction operations grew from $1.15 trillion in June 2023 to $1.21 trillion in June 2024, a 5.3% increase. Thus, the growing construction of residential and commercial infrastructure is driving the expansion of the structural steel market.
Leading companies in the structural steel market are focusing on developing steel building solutions to enhance construction methods. These solutions offer robust, versatile, and efficient methods for creating durable and adaptable infrastructure. For instance, in July 2022, APL Apollo, an India-based structural steel tubing company, introduced next-generation steel building solutions technology. This innovation features heavy structural tubular products designed to accelerate project completion while delivering superior quality, strength, cost-effectiveness, and environmental benefits. The prefabricated, precisely engineered tubular sections simplify fabrication, saving time and effort in constructing various structures such as hospitals, factories, and commercial offices.
In May 2024, Lainco Inc., a Canada-based structural project management firm, acquired Charpentes D'Acier Sofab Inc. for an undisclosed amount. This acquisition aims to position Lainco for continued success and growth in the structural steel sector, enhancing its ability to offer innovative solutions and maintain high service standards for a wider customer base. Charpentes D'Acier Sofab Inc. is a structural steel manufacturing company based in Canada.
Major companies operating in the structural steel market are Severstal, ArcelorMittal S.A., POSCO, China Baowu Steel Group Corp Ltd, Nippon Steel Corporation, Thyssenkrupp AG, Nucor Corporation, JFE Steel Corporation, Tata Steel Limited, United States Steel Corporation, JSW Steel, HBIS GROUP, Hyundai Steel Co Ltd, Ansteel Group, Voestalpine AG, Jiangsu Shagang Group Co Ltd, Gerdau S.A, Evraz Plc, Steel Authority of India Limited (SAIL), SSAB AB, Outokumpu Oyj, Anyang Iron & Steel Group Co. Ltd, British Steel Limited.
Asia-Pacific was the largest region in the structural steel market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the structural steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the structural steel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Structural steel is a category of steel used in construction to support and shape buildings and infrastructure. It encompasses various shapes and sizes, such as beams, columns, and plates, designed to withstand specific loads and stresses. Its strength, durability, and versatility make it an essential material in structural engineering and construction.
The main types of structural steel are hot-rolled steel and cold-rolled steel. Hot-rolled steel is processed at high temperatures, typically above its recrystallization point, to achieve the desired shapes and properties. This method results in a material with enhanced strength and durability. Products include heavy sectional steel, light sectional steel, and rebar, and these are used in both residential and non-residential applications.
The structural steel market research report is one of a series of new reports that provides structural steel market statistics, including structural steel industry global market size, regional shares, competitors with a structural steel market share, detailed structural steel market segments, market trends and opportunities, and any further data you may need to thrive in the structural steel industry. This structural 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 structural steel market consists of sales of carbon steel, high-strength carbon steel, weathering steel, and fire-resistant steel. 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. Structural Steel Market Characteristics3. Structural Steel Market Trends and Strategies4. Structural Steel Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Structural Steel Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Structural Steel Market34. Recent Developments in the Structural Steel Market
5. Global Structural Steel Growth Analysis and Strategic Analysis Framework
6. Structural Steel Market Segmentation
7. Structural Steel Market Regional and Country Analysis
8. Asia-Pacific Structural Steel Market
9. China Structural Steel Market
10. India Structural Steel Market
11. Japan Structural Steel Market
12. Australia Structural Steel Market
13. Indonesia Structural Steel Market
14. South Korea Structural Steel Market
15. Western Europe Structural Steel Market
16. UK Structural Steel Market
17. Germany Structural Steel Market
18. France Structural Steel Market
19. Italy Structural Steel Market
20. Spain Structural Steel Market
21. Eastern Europe Structural Steel Market
22. Russia Structural Steel Market
23. North America Structural Steel Market
24. USA Structural Steel Market
25. Canada Structural Steel Market
26. South America Structural Steel Market
27. Brazil Structural Steel Market
28. Middle East Structural Steel Market
29. Africa Structural Steel Market
30. Structural Steel Market Competitive Landscape and Company Profiles
31. Structural Steel Market Other Major and Innovative Companies
35. Structural Steel Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Structural 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 structural 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.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for structural steel ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The structural 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 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: Hot-Rolled Steel; Cold-Rolled Steel2) By Product: Heavy Sectional Steel; Light Sectional Steel; Rebar
3) By Application: Residential; Non-Residential
Subsegments:
1) By Hot-Rolled Steel: Hot-Rolled Steel Beams; Hot-Rolled Steel Plates; Hot-Rolled Steel Channels; Hot-Rolled Steel Sheets; Hot-Rolled Steel Angles2) By Cold-Rolled Steel: Cold-Rolled Steel Sheets; Cold-Rolled Steel Strips; Cold-Rolled Steel Bars; Cold-Rolled Steel Coils; Cold-Rolled Steel Tubes
Key Companies Mentioned: Severstal; ArcelorMittal S.a.; POSCO; China Baowu Steel Group Corp Ltd; 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
The major companies featured in this Structural Steel market report include:- Severstal
- ArcelorMittal S.A.
- POSCO
- China Baowu Steel Group Corp Ltd
- Nippon Steel Corporation
- Thyssenkrupp AG
- Nucor Corporation
- JFE Steel Corporation
- Tata Steel Limited
- United States Steel Corporation
- JSW Steel
- HBIS GROUP
- Hyundai Steel Co Ltd
- Ansteel Group
- Voestalpine AG
- Jiangsu Shagang Group Co Ltd
- Gerdau S.A
- Evraz Plc
- Steel Authority of India Limited (SAIL)
- SSAB AB
- Outokumpu Oyj
- Anyang Iron & Steel Group Co. Ltd
- British Steel Limited
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | April 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 115.82 Billion |
Forecasted Market Value ( USD | $ 145.74 Billion |
Compound Annual Growth Rate | 5.9% |
Regions Covered | Global |
No. of Companies Mentioned | 24 |