Sample_ Global Steel Market Analysis and Segment Forecast to 2030

Global Steel Market
By Product Type, By Regional Outlook, And Segment Forecasts,
2019-2030
2022
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TABLE OF CONTENTS
Chapter 1. MARKET SYNOPSIS

1.1. MARKET DEFINITION
1.2. RESEARCH SCOPE & PREMISE
1.3. METHODOLOGY
1.4. MARKET ESTIMATION TECHNIQUE
Chapter 2. EXECUTIVE SUMMARY

2.1. SUMMARY SNAPSHOT, 2019-2030
Chapter 3. INDICATIVE METRICS

3.1. MACRO INDICATORS
3.1.1. COVID 19 IMPACT ASSESSMENT
3.1.1.1. IMPACT ON GLOBAL TRADE
3.1.1.2. SHUTDOWN OF FACTORIES
3.1.1.3. SHORTAGE OF LABOR WORKFORCE
3.1.1.4. USE OF STEEL IN COVID-19 RESOURCES
3.1.1.5. DEMAND AND SUPPLY SCENARIO
3.1.1.6. SUPPLY CHAIN STABILIZATION
3.1.2. REPORTS AND DATA ANALYSIS
3.1.2.1. UPCOMING STRATEGIES REQUIRED TO COMBAT THE CURRENT
SITUATION
3.1.2.2. CUSTOMER MAPPING
Chapter 4. STEEL SEGMENTATION & IMPACT ANALYSIS

4.1. STEEL SEGMENTATION ANALYSIS
4.2. INDUSTRIAL OUTLOOK
4.2.1. MARKET INDICATORS ANALYSIS
4.2.1.1. WORLD ECONOMIC OVERVIEW
4.2.1.2. CAPACITY RATIONALIZATION
4.2.1.3. IRON ORE PRICE TREND
4.2.1.4. GROWING MARKET FOR PREFABRICATED BUILDINGS
4.2.2. MARKET DRIVERS ANALYSIS
4.2.2.1. INCREASING DEMAND FROM AUTOMOTIVE & AVIATION INDUSTRY
4.2.2.2. GROWING NEEDS FOR COST REDUCTION IN MANUFCATURING AND
FABRICATION
4.2.2.3. TECHNOLOGICAL INNOVATION IN STEEL INDUSTRY
4.2.3. MARKET RESTRAINTS ANALYSIS
4.2.3.1. PENETRATION OF CARBIDE BASED MATERIALS
4.2.3.2. RAW MATERIAL COST AND SUPPLY SHORTAGE
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4.2.3.3. INCREASING USE OF CARBON FIBERS OWING TO FAVOURABLE PROPERTIES
4.2.4. MARKET OPPORTUNITIES ANALYSIS
4.2.4.1. INVESTMENTS BY MAJOR COMPANIES ON EXPANSION AND INCREASING
PRODUCTION CAPACITIES
4.2.4.2. APPLICATION POTENTIAL IN VARIOUS END USE INDUSTRY
4.2.5. MARKET CHALLENGES ANALYSIS
4.2.5.1. STEEL MAKING COST
4.2.5.2. STEEL RECYCLING ISSUE
4.3. REGULATORY FRAMEWORK
4.3.1. NORTH AMERICA
4.3.2. EUROPE
4.3.3. ASIA PACIFIC
4.3.4. MIDDLE-EAST & AFRICA
4.3.5. LATIN AMERICA
4.4. VALUE CHAIN MATRIX
4.4.1. MATERIAL SUPPLIERS
4.4.2. MANUFACTURERS
4.4.3. WHOLESALERS/ RETAILERS
4.4.4. END-USERS
4.5. RAW MATERIAL TRENDS
4.5.1. MARKET VOLUME, TONS
4.5.2. MARKET REVENUE
4.5.3. MAJOR PLAYERS & PRODUCTION CAPACITY
4.6. PRICING ANALYSIS, BY TYPE, BY REGION (USD/KG)
4.6.1. TOOL STEEL
4.6.2. CARBON STEEL
4.6.3. CRUDE STEEL
4.6.4. ALLOY STEEL
4.6.5. STAINLESS STEEL
4.7. PRODUCTION-CONSUMPTION SCENARIO ANALYSIS
4.8. SUPPLY-DEMAND SCENARIO ANALYSIS
4.9. COMPETITIVE METRIC SPACE ANALYSIS
4.10. PORTER’S FIVE FORCES ANALYSIS
4.10.1. THREAT OF NEW ENTRANTS
4.10.1.1. CAPITAL REQUIREMENT
4.10.1.2. PRODUCT KNOWLEDGE
4.10.1.3. TECHNOLOGICAL KNOWLEDGE
4.10.1.4. CUSTOMER RELATIONS
4.10.1.5. ACCESS TO RAW MATERIAL AND TECHNOLOGY
4.10.2. THREAT OF SUBSTITUTES
4.10.2.1. COST
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4.10.2.2. PERFORMANCE
4.10.2.3. AVAILABILITY
4.10.2.4. DURABILITY
4.10.3. BARGAINING POWER OF BUYERS
4.10.3.1. NUMBER OF BUYERS RELATIVE TO SUPPLIERS
4.10.3.2. PRODUCT DIFFERENTIATION
4.10.3.3. THREAT OF FORWARD INTEGRATION FROM SUPPLIERS
4.10.3.4. BUYERS VOLUME
4.10.4. BARGAINING POWER OF SUPPLIER
4.10.4.1. SUPPLIER CONCERNTRATION
4.10.4.2. PRODUCT DIFFERENTIATION
4.10.4.3. BUYERS SWITCHING COST TO OTHER SUPPLIERS
4.10.4.4. SUPPLIERS THREAT OF FORWARD INTEGRATION
4.10.4.5. THREAT OF BACKWARD INTEGRATION FROM BUYERS
4.10.5. COMPETITIVE RIVALRY
4.10.5.1. INDUSTRY CONCERNTRATION
4.10.5.2. INDUSTRY GROWTH RATE
4.10.5.3. PRODUCT DIFFRENTIATION
4.10.5.4. BRAND IDENTITY
4.10.5.5. PROFIT MARGIN
4.11. COST STRUCTURE ANALYSIS
4.11.1. MATERIAL
4.11.2. EQUIPMENT
4.11.3. LABOR
4.11.4. MARKETING
4.11.5. R&D
4.11.6. MISCELLANEOUS
Chapter 5. STEEL MARKET BY PRODUCT TYPE INSIGHTS & TRENDS

5.1. PRODUCT TYPE DYNAMICS & MARKET SHARE, 2022 & 2030
5.2. CRUDE STEEL
5.2.1. MARKET ESTIMATES AND FORECAST, 2019 - 2030 (USD MILLION) (KILO TONS)
5.2.2. MARKET ESTIMATES AND FORECAST, BY REGION, 2019 - 2030 (USD MILLION) (KILO
TONS)
5.2.3. MARKET ESTIMATES AND FORECAST, BY COMPOSITION, 2019 - 2030 (USD MILLION)
(KILO TONS)
 KILLED STEEL
 SEMI KILLED STEEL
 OTHER
5.2.4. MARKET ESTIMATES AND FORECAST, BY END USE, 2019 - 2030 (USD MILLION) (KILO
TONS)
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 BUILDING AND CONSTRUCTION
 TRANSPORTATION
 TOOLS AND MACHINERY
 ENERGY
 CONSUMER GOODS
 OTHER
5.3. TOOL STEEL
TONS)
5.3.3. MARKET ESTIMATES AND FORECAST, BY PRODUCT, 2019 - 2030 (USD MILLION)
(KILO TONS)
 COLD WORK
o MEDIUM ALLOY COLD WORK
o HIGH CARBON, HIGH CHROMIUM COLD WORK STEELS
o OTHERS
 HOT WORK
o HIGH SPEED
o WATER HARDENING
o OTHERS
5.3.4. MARKET ESTIMATES AND FORECAST, BY APPLICATION, 2019 - 2030 (USD MILLION)
(KILO TONS)
 INJECTION MOLDING
 DIE WORK
 FORGING
 OTHERS
TONS)
 AUTOMOTIVE
 BUILDING & CONSTRUCTION
 AEROSPACE
 CONSUMER PRODUCTS
 SHIP BUILDING
 ENERGY
 ELECTRIC & ELECTRONICS
 PACKAGING
 PULP & PAPER
 OTHERS
5.4. STAINLESS STEEL
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TONS)
5.4.3. MARKET ESTIMATES AND FORECAST, BY GRADE, 2019 - 2030 (USD MILLION) (KILO
TONS)
 FERRITIC
 AUSTENITIC
 MARTENSITIC
 DUPLEX
 PRECIPITATION HARDENING
5.4.4. MARKET ESTIMATES AND FORECAST, BY FORM, 2019 - 2030 (USD MILLION) (KILO
TONS)
 FLAT
 LONG
 SHEET
 PLATE
 TUBE
(KILO TONS)
 BUILDING & CONSTRUCTION
 HEAVY INDUSTRY
 AUTOMOTIVE & TRANSPORTATION
 CONSUMER GOODS
 AEROSPACE & DEFENSE
 WASTE WATER TREATMENT
 PULP & PAPER
 BIOMASS CONVERSION
 CHEMICAL & PETROCHEMICAL
 FOOD & BEVERAGE
 MEDICAL
 ENERGY
 ADDITIVE MANUFACTURING
 OTHERS
5.5. ALLOY STEEL
TONS)
5.5.3. MARKET ESTIMATES AND FORECAST, BY PRODUCT, 2019 - 2030 (USD MILLION)
(KILO TONS)
 FLAT PRODUCTS
 LONG/TUBULAR PRODUCTS
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(KILO TONS)
 AUTOMOTIVE
 MACHINERY
 OIL AND GAS
 OTHERS
5.6. CARBON STEEL
TONS)
5.6.3. MARKET ESTIMATES AND FORECAST, BY TYPE, 2019 - 2030 (USD MILLION) (KILO
TONS)
 LOW CARBON STEEL
 MEDIUM CARBON STEEL
 HIGH CARBON STEEL
 ULTRA HIGH CARBON STEEL
(KILO TONS)
 BASIC AND PERFORATED SHEETS
 BARS & REBARS
 NORMAL PLATES AND FLOOR PLATE
 PIPES & TUBES
 WIRE ROD
 ANGLE
 CHANNELS
 BEAMS
 OTHER
TONS)
 AUTOMOTIVE
 CONSTRUCTION
 RAILWAYS
 SHIPBUILDING & MARINE
 AEROSPACE
 ENERGY
 HEAVY ENGINEERING AND EQUIPMENT
 CONSUMER APPLIANCES
 CUTTING TOOLS
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Chapter 6. STEEL MARKET REGIONAL OUTLOOK
6.1. STEEL MARKET SHARE BY REGION, 2022 & 2030
6.2. NORTH AMERICA
6.2.1. NORTH AMERICA STEEL MARKET ESTIMATES AND FORECAST BY COUNTRY,
2019-2030, (USD MILLION) (KILO TONS)
6.2.2. NORTH AMERICA STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-
2030, (USD MILLION) (KILO TONS)
6.2.3. NORTH AMERICA STEEL MARKET ESTIMATES AND FORECAST BY APPLICATION
, 2019-2030, (USD MILLION) (KILO TONS)
6.2.4. THE U.S.

6.2.4.1. THE U.S. STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-
6.2.4.2. THE U.S. STEEL MARKET ESTIMATES AND FORECAST BY APPLICATION ,
6.2.5. CANADA
6.2.5.1. CANADA STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-
6.2.5.2. CANADA STEEL MARKET ESTIMATES AND FORECAST BY APPLICATION
, 2019-2030, (USD MILLION) (KILO TONS)
6.2.6. MEXICO
6.2.6.1. MEXICO STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-
6.2.6.2. MEXICO STEEL MARKET ESTIMATES AND FORECAST BY APPLICATION ,
6.3. EUROPE
6.3.1. EUROPE STEEL MARKET ESTIMATES AND FORECAST BY COUNTRY, 2019-2030,
(USD MILLION) (KILO TONS)
6.3.2. EUROPE STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-2030, (USD
MILLION) (KILO TONS)
6.3.3. EUROPE STEEL MARKET ESTIMATES AND FORECAST BY APPLICATION , 2019-
6.3.4. GERMANY
6.3.4.1. GERMANY STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-
6.3.4.2. GERMANY STEEL MARKET ESTIMATES AND FORECAST BY
APPLICATION , 2019-2030, (USD MILLION) (KILO TONS)
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6.3.5. FRANCE
6.3.5.1. FRANCE STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-
6.3.5.2. FRANCE STEEL MARKET ESTIMATES AND FORECAST BY APPLICATION ,
6.3.6. U.K.
6.3.6.1. U.K. STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-2030,
6.3.6.2. U.K. STEEL MARKET ESTIMATES AND FORECAST BY APPLICATION , 2019-
6.3.7. SPAIN
6.3.7.1. SPAIN STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-2030,
6.3.7.2. SPAIN STEEL MARKET ESTIMATES AND FORECAST BY APPLICATION ,
6.3.8. ITALY
6.3.8.1. ITALY STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-2030,
6.3.8.2. ITALY STEEL MARKET ESTIMATES AND FORECAST BY APPLICATION ,
6.3.9. REST OF EUROPE

6.3.9.1. REST OF EUROPE STEEL MARKET ESTIMATES AND FORECAST BY TYPE ,
6.3.9.2. REST OF EUROPE STEEL MARKET ESTIMATES AND FORECAST BY
6.4. ASIA PACIFIC

6.4.1. ASIA PACIFIC STEEL MARKET ESTIMATES AND FORECAST BY COUNTRY, 2019-
6.4.2. ASIA PACIFIC STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-2030,
6.4.3. ASIA PACIFIC STEEL MARKET ESTIMATES AND FORECAST BY APPLICATION ,
6.4.4. CHINA
6.4.4.1. CHINA STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-2030,
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6.4.4.2. CHINA STEEL MARKET ESTIMATES AND FORECAST BY APPLICATION ,
6.4.5. INDIA
6.4.5.1. INDIA STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-2030,
6.4.5.2. INDIA STEEL MARKET ESTIMATES AND FORECAST BY APPLICATION ,
6.4.6. JAPAN
6.4.6.1. JAPAN STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-2030,
6.4.6.2. JAPAN STEEL MARKET ESTIMATES AND FORECAST BY APPLICATION ,
6.4.7. SOUTH KOREA

6.4.7.1. SOUTH KOREA STEEL MARKET ESTIMATES AND FORECAST BY TYPE ,
6.4.7.2. SOUTH KOREA STEEL MARKET ESTIMATES AND FORECAST BY
6.4.8. REST OF ASIA PACIFIC

6.4.8.1. REST OF ASIA PACIFIC STEEL MARKET ESTIMATES AND FORECAST BY
TYPE , 2019-2030, (USD MILLION) (KILO TONS)
6.4.8.2. REST OF ASIA PACIFIC STEEL MARKET ESTIMATES AND FORECAST BY
6.5. MIDDLE EAST & AFRICA

6.5.1. MIDDLE EAST & AFRICA STEEL MARKET ESTIMATES AND FORECAST BY
COUNTRY, 2019-2030, (USD MILLION) (KILO TONS)
6.5.2. MIDDLE EAST & AFRICA STEEL MARKET ESTIMATES AND FORECAST BY TYPE ,
6.5.3. MIDDLE EAST & AFRICA STEEL MARKET ESTIMATES AND FORECAST BY
6.5.4. SAUDI ARABIA

6.5.4.1. SAUDI ARABIA STEEL MARKET ESTIMATES AND FORECAST BY TYPE ,
6.5.4.2. SAUDI ARABIA STEEL MARKET ESTIMATES AND FORECAST BY
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6.5.5. SOUTH AFRICA
6.5.5.1. SOUTH AFRICA STEEL MARKET ESTIMATES AND FORECAST BY TYPE ,
6.5.5.2. SOUTH AFRICA STEEL MARKET ESTIMATES AND FORECAST BY
6.5.6. REST OF MIDDLE EAST & AFRICA

6.5.6.1. REST OF MIDDLE EAST & AFRICA STEEL MARKET ESTIMATES AND
FORECAST BY TYPE , 2019-2030, (USD MILLION) (KILO TONS)
6.5.6.2. REST OF MIDDLE EAST & AFRICA STEEL MARKET ESTIMATES AND
FORECAST BY APPLICATION , 2019-2030, (USD MILLION) (KILO TONS)
6.6. LATIN AMERICA

6.6.1. LATIN AMERICA STEEL MARKET ESTIMATES AND FORECAST BY COUNTRY,
6.6.2. LATIN AMERICA STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-
6.6.3. LATIN AMERICA STEEL MARKET ESTIMATES AND FORECAST BY APPLICATION ,
6.6.4. BRAZIL
6.6.4.1. BRAZIL STEEL MARKET ESTIMATES AND FORECAST BY TYPE , 2019-2030,
6.6.4.2. BRAZIL STEEL MARKET ESTIMATES AND FORECAST BY APPLICATION ,
6.6.5. REST OF LATIN AMERICA

6.6.5.1. REST OF LATIN AMERICA STEEL MARKET ESTIMATES AND FORECAST
BY TYPE , 2019-2030, (USD MILLION) (KILO TONS)
6.6.5.2. REST OF LATIN AMERICA STEEL MARKET ESTIMATES AND FORECAST
BY APPLICATION , 2019-2030, (USD MILLION) (KILO TONS)
Chapter 7. COMPETITIVE LANDSCAPE

7.1. MARKET REVENUE SHARE BY MANUFACTURERS
7.2. MERGERS AND ACQUISITIONS DEALS LANDSCAPE
7.3. MARKET POSITIONING
7.4. STRATEGY BENCHMARKING
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Chapter 8. COMPANY PROFILE
8.1. ARCELOR MITTAL
8.1.1. COMPANY OVERVIEW
8.1.1.1. BUSINESS OVERVIEW
8.1.1.2. FACILITY LOCATION
8.1.1.3. EXPANSION PLAN
8.1.2. FINANCIAL PERFORMANCE
8.1.2.1. OVERALL REVENUE
8.1.2.2. MARKET SHARE (%)
8.1.2.3. REVENUE SHARE (USD MILLION)
8.1.3. PRODUCT INSIGHTS
8.1.4. STRATEGIC INITIATIVES
8.1.5. SWOT ANALYSIS
Note: We would be providing similar information for all the companies mentioned below:
8.2. HYNDAI STEEL
8.3. HBIS GROUP
8.4. JSW
8.5. NIPPON STEEL CORPORATION
8.6. POSCO
8.7. SAIL
8.8. SEVERSTAL
8.9. TATA STEEL
8.10. UNITED STATES STEEL
8.11. JINDAL STEEL
8.12. BAO STEEL
8.13. OUTOKUMPU
8.14. ARCEINOX S A
8.15. VOESTALPINE
8.16. HITACHI METALS
8.17. SANDVIK
8.18. BOHLER
8.19. CELSA GROUP
8.20. THYSSENKRUPP AG
*The list of company is subject to change during the final compilation of the report
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1 MARKET SYNOPSIS
1.1 RESEARCH SCOPE & PREMISE

The report provides market value for base year 2021 and a yearly forecast from 2022 to 2030 in terms of revenue
(USD Million) & Volume (Kilo tons). Market for each segment are present in the global region for the above-
mentioned forecast period. The market for each aforementioned segment is present in North America, Asia-
Pacific, Middle East & Africa, Latin America regions as well as country-basis for the above-mentioned forecast
period.
Key industry dynamics, regulatory scenario, and future markets of steel market are analyzed to understand their
impact on demand for the forecast period. Growth rates have been estimated using correlation, regression, and
time-series analysis.
FIGURE 1 YEARS CONSIDERED IN THE STUDY
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1.2 RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend
to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey,
secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical
models to interpret observations or test hypotheses. While some methods aim for a detailed description of the
factors behind an observation, others present the context of the current market scenario.
1.2.1 SECONDARY RESEARCH MODEL

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process.
The data accumulated is consistently filtered through validation from the in-house database, paid sources as well
reputable industry magazines.
A robust research study requires an understanding of the overall value chain. Annual reports and financials of
industry players are referred thoroughly to have a comprehensive idea of the market taxonomy.
1.2.2 PRIMARY RESEARCH MODEL

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify
the numbers or figures. This process is usually performed by having a detailed discussion with the industry
experts. Discussions with the subject matter experts were conducted to obtain quantitative and qualitative
information and validate our market research findings.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value
chain while verifying the data. A significant number of suppliers, and stakeholders are interviewed to make our
findings authentic. The current trends, which include the drivers, restraints, and opportunities, are also derived
through the primary research process.
1.3 MARKET ESTIMATION

The market estimation is conducted by analyzing the data collected through both secondary and primary research.
This process involves market breakdown, bottom-up and top-down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each
market. Macroeconomic indicators have been taken into consideration to understand the current trends of the
market. The process of data triangulation method to arrive at the final market estimates verifies each data point.
Top-down, as well as the bottom-up approach, were used for the estimation and validation of the global market.
These methods were applied extensively for the estimation of the market size of the sub-segments as well. Key
stages for the market estimation included:
 Identification of the key players in the industry through extensive secondary research.
 Determination of the industry’s supply chain and market size (in terms of value) through primary and
secondary research processes.
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 Determination of percentage shares, splits, and breakdowns of each sub segments using secondary
sources and its validation through primary sources.
FIGURE 2 TOP DOWN APPROACH
BOTTOM-UP
TOP-DOWN
TOP-DOWN
Total Market Size
Percentage split for segment of the market
Regional Split
Country wise market for each sub-segment
1.3.1 MARKET SHARE BASED APPROACH

The global as well as key regional market players involved in the market were identified through extensive
research. The market share of major players for the total product was estimated in a manner that approximately
80% of the products market was covered. The market revenue was then extrapolated to reach the global market
value for the market.
Brand-wise regional market for each player was estimated on the basis of the products offered by the companies
present in each region/country. Along with products, the analyst also covered the regional as well as market
trends to determine the forecasts.
Thus, the regional/country-wise market was estimated for each product segment for each end use.
1.3.2 PRODUCT BASED APPROACH

Average selling price (ASP) of each product was determined. A comprehensive analysis was carried out to obtain
average selling prices of all materials of products offered by market players operating in an individual
region/country. The obtained data were used to calculate the average selling price for each product materials.
Furthermore, Volume consumption for each product material was determined in each region/country.
Market revenue was estimated using average selling price and the volume consumption for each segment in every
region/country.
The market values from both the approaches were triangulated to calculate the global market value.
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FIGURE 3 BOTTOM-UP APPROACH
Market Size
Integrations of value of each sub-segment across

regions.
Net value of the market by all segments
Total value of the market by region

BOTTOM-UP
TOP-DOWN
1.4 DATA TRIANGULATION

The process of data triangulation method was applied to arrive at the final market estimates verify each data
points. Upon estimation of the global market size using the market size estimation approaches as explained
above; the market was split into several segments and sub-segments. To complete the overall market estimation
process and reach accurate statistics of the individual market segment and sub-segment, the data triangulation
and market breakdown processes were applied, wherever applicable. The data was triangulated by studying
various factors and trends from both the production side and consumption sides in the industry. Moreover, while
forecasting the market a comprehensive statistical time series model was designed for the market.
Macroeconomic indicators were taken into consideration to understand the current trends of the market.
FIGURE 4 DATA TRIANGULATION
DATA TRIANGULATION
PRIMARY SOURCES SECONDARY SOURCES
• Industry
DEMAND SIDE
PUBLICATION
Publications
• Top Executives of
GLOBAL
Report and • Government

end-use datas’ Agencies
industries Repository Publications
• Intermediaries
• Industry News
• Data Sources
• C-level executives in
the leading products • Annual Report
• Presentation
PUBLICATION
of Steel Market
SUPPLY SIDE
COMPANY
• Product Managers • Company Websites

• Sales Managers Primary Secondary • Press Releases
• Suppliers and • News Articles
Research Research
Distributors • Journals
• Paid Databases
Data Triangulation & Information Sources
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2 STEEL MARKET OVERVIEW
2.1 EXECUTIVE SUMMARY

The global steel market size was USD xx Million in 2021 and register a CAGR of 2.5% during the forecast
period.
Steel is critical simply because no other material has the same unique combination of strength, formability and
versatility. New generations of steel continue to be developed that make it possible for manufacturers and
builders to implement durable, lightweight designs. Going forward, materials that are ever stronger and meet
higher environmental standards will be needed.
Rapid urbanization has changed the lifestyle of the people and, in turn, has increased the prevalence of secure
infrastructure over a broad aspect, thus, augmenting the demand for the market product. The usage of the use of
stainless steel is supported by the Ministry of Steel of the Indian government, as India contributes to the list of
top manufacturers of the Stainless Steel across the globe, which is creating a demand in the market. Moreover,
the government in nations such as China, Japan, and the United States are also supporting the sales of stainless
steel, thereby driving the growth of the market. Resuming operations after taking control of the Covid-19
pandemic, China announced an increase in the export rebates for cold-rolled steel, stainless steel strip, and other
products from present 10.0% to 13.0% for a variety of steel products. This may prompt Indian steelmakers to
seek higher border tariffs on imports. The Asia Pacific region forecasted to grow with the highest growth rate
owing to the increase in the use of stainless-steel.
The summary of the market is elucidated as follows:
FIGURE 5 STEEL MARKET: 2022 & 2030 OUTLOOK BY TYPE
Crude Steel Tool steel Stainless Steel Alloy Steel Carbon steel
Source: Journals & Articles, Press releases, Company websites, Investor presentations & Whitepapers, Annual Reports, Primary Interviews, and
Reports and Data
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FIGURE 6 STEEL MARKET: 2022 & 2030 OUTLOOK BY REGION
Asia Pacific
2030 (USD Million)
North America
Europe
Latin America
Middle East and Africa
Reports and Data
Increasing investments in infrastructure projects in China, Japan and India, along with rising demand for
commercial and residential buildings may accelerate growth of tool steel market size. Infrastructure
spending in India was valued at over USD 10 billion in 2018 which presents numerous growth opportunities
for construction activities. These products possess high durability and allow mass production of molded
plastics used in building insulation, roofing, flooring, windows and doors which may further increase
product demand.
Key players in the steel market are:
 Arcelor Mittal
 Hyndai Steel
 HBIS Group
 JSW
 Nippon Steel Corporation
 POSCO
 SAIL
 Severstal
 Tata Steel
 United States Steel
 Jindal Steel
 Bao Steel
 Outokumpu
 Arceinox S A
 Voestalpine
 Hitachi Metals
 Sandvik
19
 Bohler
 Celsa Group
 Thyssenkrupp AG
20
3 INDICATIVE METRICS
3.1 COVID 19: SCENARIO AND IMAPCT ASSESSMENT

COVID-19 was first declared a world health emergency by the World Health Organization (WHO) in January
2020. Since its first diagnosis in Wuhan, China, the virus has been detected in over 190 countries and all the U.S.
states. In March 2020, Europe, especially Italy became the epicenter of the virus. Later, by April 2020, the focus
has shifted to the United States, where the number of infections has been accelerating. The infection has sickened
over 1.5 million people, with thousands of fatalities. Almost 80 countries have restricted arrivals from other
countries with infections. Moreover, economies are going for lockdowns leading businesses to close and
populations to self-quarantine.
According to Centre for Global Development, most of the countries globally are still in the midst of this searing
COVID-19 experience, with its multidimensional domino effects. There is uncertainty in terms of lives,
livelihoods, and the global order is likely to change permanently or indeed already have changed. COVID-19
has, with alarming speed, delivered a global economic shock of enormous magnitude, leading to steep recessions
in many countries. Per capita incomes in the vast majority of emerging market and developing economies shrunk
in 2020, tipping many millions back into poverty. The International Monetary Fund (IMF) estimates a 3.5 percent
contraction in global GDP in 2020.
FIGURE 7 COVID-19 GLOBAL STATISTICS: MAJOR AFFECTED NATIONS: AS OF 2022
17.05%
42.03%
8.99%
6.22%
5.15%
4.31%
2.38% 4.13%
3.09% 3.70%
2.96%
The U.S. India Brazil France UK Germany Russia Turkey Italy Spain Others
Source: Worldometer estimates
On March 2020, the WHO announced that the outbreak was officially a pandemic, the highest level of a health
emergency. Several economic indicators, including growth rate, global trade volume, and price decline, have
made it clear that the outbreak has had a significant negative impact on global economic growth. The disease has
21
affected international economic and trade activities in almost every sector ranging from services to tourism and
hospitality. Other major global value chains, including consumer electronics, automotive and transportation,
food, e-commerce, and logistics, have also been impacted.
The COVID-19 pandemic has been rapidly spreading across countries and regions, causing huge impact on
people’s lives and communities. The pandemic which started as a health crisis, has now given rise to serious
threats to the global economy, trade, and finance. According to estimates by the Asian Development Bank
(ADB), the estimated economic impacts are likely to range between USD 2-3.1 trillion globally.
Since the outbreak of the coronavirus disease of 2019 (COVID-19), more than 1 million people have lost their
lives due to the pandemic, and the global economy is expected to contract by a staggering 4.3 per cent in 2020.
Millions of jobs have already been lost, millions of livelihoods are at risk, and an estimated additional 130 million
people will be living in extreme poverty if the crisis persists. These are grim gures that reect the immense
challenges and human suffering caused by this pandemic. Nor is an end to COVID-19 yet in sight. In many
countries, the number of new COVID-19 cases is rising at an alarming rate and, for many, a second wave is
already an unwelcome reality. Much uncertainty remains about how and when the pandemic will run its course,
but the unprecedented economic shock generated by the global health emergency has already sharply exposed
the global economy’s pre-existing weaknesses, severely setting back development progress around the world.
After successful attainment of the aim of developing a global COVID-19 vaccination strategy taken by the main
global immunization partners, through the Access to COVID-19 Tools Accelerator (ACT-A) Vaccines Pillar
(COVAX), led by WHO. The COVAX set out to provide vaccine supply fairly and equitably by deploying two
billion doses to vaccinate at least 20% of each country’s population by the end of 2021. Globally, according to
WHO recommendations, the 3.8 billion doses deployed as of 26 July 2021 would have been sufficient to cover
the initial target of 20% of the population in every country, nearly halving the proposed time to achieve the 2021
global goal. However, the world is not on track to meet this ambition, with the great majority of high-income
countries (HICs) exceeding the target and very few low-income countries (LICs) being able to vaccinate even
those most at risk of severe disease or death.
The Global COVID-19 Vaccination Strategic Vision for 2022 was submitted to the WHO Strategic Advisory
Group of Experts on Immunization (SAGE) for critical appraisal on 29 June 2021. Significant progress has been
made against three of the strategy goals laid out in 2021 to: (1) minimize deaths, severe disease, and overall
disease burden; (2) curtail the health system impact; and (3) fully resume socio-economic activity.
Notwithstanding the fact that these goals have not yet been fully achieved, the positive trajectory is largely a
result of vaccination, public health and social measures (PHSMs), and to some degree infection-induced
immunity.
3.2 POST COVID IMPACT: POLICY RESPONSES

In response to growing concerns over the global economic impact of the pandemic, G-7 finance ministers and
central bankers released a statement on March 3, 2020, indicating they would “use all appropriate policy tools”
to sustain economic growth. The Finance Ministers also pledged fiscal support to ensure health systems can
22
sustain efforts to fight the outbreak. In most cases, however, countries pursued their own divergent strategies, in
some cases including banning exports of medical equipment.
3.2.1 UNITED STATES

Recognizing the growing impact, the pandemic was having on financial markets and economic growth, the
Federal Reserve (Fed) took a number of steps to promote economic and financial stability involving the Fed’s
monetary policy and “lender of last resort” roles. Some of these actions were intended to stimulate economic
activity by reducing interest rates; other actions were intended to provide liquidity to financial markets so firms
would have access to needed funding.
On March 25, 2021, the Bureau of Economic Analysis (BEA) released updated data on U.S. GDP growth for the
fourth quarter of 2020, indicating the economy grew by 4.3%, substantially below the third quarter rate of 33.4%.
In contrast, U.S. GDP fell at an annual rate of 31.4% in the second quarter, after rising by 5.0% at an annual rate
in the first quarter. On an annual basis, the rate of growth fell by 3.5%, compared with a 2019 rate of 2.9%. In
the second quarter, amidst a large decline overall in U.S. economic activity in response to business lockdowns,
some sectors experienced a decline in activity of 80% or more, including recreation, food services and
accommodation and transportation sectors.
FIGURE 8 GDP GROWTH (%) IN APRIL-JUNE 2020 VS APRIL-JUNE 2019
Source: CEIC
23
FIGURE 9 TRADE IMPACT OF THE COVID-19 (IN USD MILLION): IN 2020
Indonesia 312
India 346
Turkey 425
Canada 660
Thailand 733
Malaysia 1077
Switzerland 1087
Mexico 1369
United Kingdom 1917
Singapore 2165
Vietnam 2296
The Republic of Korea 3816
Japan 5187
United States 5779
European Union 15597
0 2000 4000 6000 8000 10000 12000 14000 16000 18000
Source: UNCTAD
According to UNCTAD estimates, the most affected sectors include precision instruments, machinery,
automotive and communication equipment. Among the most affected economies are the European Union (USD
15.6 billion), the United States (USD5.8 billion), Japan (USD 5.2 billion), The Republic of Korea (USD 3.8
billion), Taiwan Province of China (USD 2.6 billion) and Viet Nam (USD 2.3 billion).
24
FIGURE 10 STEEL - COVID-19 IMPACT ANALYSIS
3.2.1.1 ALTERNATIVE AVAILABILITY OF SUPPLIERS

TABLE 1 AVAILABILITY OF SUPPLIERS
REGION NAME OF SUPPLIER DESCRIPTION
North America xx xx
Europe xx xx
Asia-Pacific xx xx
Latin America xx xx
Middle East & Africa xx xx
Reports and Data
25
3.2.1.2 CUSTOMER MAPPING
The customer mapping following the global pandemic of COVID-19 would be as follows:-
FIGURE 11 HEAT MAP INDICATING CUSTOMER MAPPING

Region Product 1 Product 2 Product 3 Product 4 Product 5
Asia Pacific
xx xx xx xx xx
North America
xx xx xx xx xx
Europe
xx xx xx xx xx
Middle East &
Africa xx xx xx xx xx
Latin America
xx xx xx xx xx
Reports and Data
26
4 MARKET SEGMENTATION & IMPACT ANALYSIS
4.1 SEGMENTATION ANALYSIS

Crude Steel Tool steel Stainless Steel Alloy Steel Carbon steel Region
• By Composition • By Product • By Grade • By Product • By Type • North America
• Killed Steel • Cold Work • Ferritic • Flat Products • Low carbon steel • Europe
• Semi Killied Steel • Medium alloy cold • Austentic • Long/Tubular • Medium Carbon • Asia-Pacific
• Other work • Martensitic Products Steel • Latin America
• By End use • High Carbon, high • Duplex • By Application • High Carbon Steel • Middle East &
• Building and chromium cold • Precipetation • Automotive • Ultra high carbon Africa
Construction work steels Hardening • Machinery steel
• Transportation • Others • By Form • Oil and Gas • Application
• Tools and Machinery • Hot Work • Flat • Others • Basic and
• Energy • High Speed • Long Perforated Sheets
• Consumer Goods • Water Hardening • Sheet • Bars & Rebars
• Other • Others • Plate • Normal Plates and
• Application • Tube Floor Plate
• Injection molding • Pipes & Tubes
• By Application
• Die work • Wire Rod
• Building &
• Forging construction • Angle
• Others • Heavy industry • Channels
• By End Use • Automotive & • Beams
• Automotive transportation • Other
• Building & • Consumer goods • End Use
construction • Aerospace & • Automotive
• Aerospace defense • Construction
• Consumer products • Waste water • Railways
• Ship building treatment • Shipbuilding &
• Eenrgy • Pulp & Paper Marine
• Electric & • Biomass • Aerospace
electronics Conversion • Energy
• Packaging • Chemical & • Heavy Engineering
• Pulp & paper Petrochemical and Equipment
• Others • Food & beverage • Consumer
• Medical Appliances
• Energy • Cutting Tools
• Additive
Manufacturing
• Others
The estimations have been provided in terms of revenue (USD Million) and volume (Kilo Tons) on the global as
well as regional level, with 2021 as the base year and a forecast period from 2022 to 2030.
4.2 INDUSTRIAL OUTLOOK

Steel, one of the most essential engineering materials, is known for its diverse applications in every aspect of
human life. Steel is the foundation for a number of industries in general and manufacturing industry in particular.
Market fortunes of finished steel products market depend on health of key end-use markets such as construction
sector, automobile and automotive component manufacturing, metal goods fabrication, ship building, machinery
manufacturing, oil & gas infrastructure, among others.
China is one of the leading producers and consumers of stainless steel products globally owing to the growing
end-use industries such as automotive, construction, and consumer goods. As per the International Organization
of Motor Vehicle Manufacturers, China’s automotive production reached 27.8 million units and accounted for
29% of the global automotive production in 2018. The increasing production of automobiles is anticipated to
drive the market for stainless steel over the coming years.
Increasing automotive production mainly in the emerging economies of Asia Pacific, Middle East, and South
America is a major driving factor for the market for stainless steel. Growing population and increasing disposable
income along with easy access to credit facility and increasing necessity among people to own a vehicle are the
significant factors propelling vehicle production in the emerging economies of Asia Pacific. This, in turn, is
likely to augment market growth over the coming years.
27
The steel industry in Europe is a world leader in innovation and environmental sustainability. The market has
turnover of around EUR 125 billion and directly employs around 310,000 highly-skilled people, producing on
average 153 million tonnes of steel per year. More than 500 steel production sites across 22 EU Member States
provide direct and indirect employment to millions more European citizens. Closely integrated with Europe’s
manufacturing and construction industries, steel is the backbone for development, growth and employment in
Europe.
FIGURE 12 CRUDE STEEL PRODUCTION, BY REGION

2.4% 2.1% 0.8% 0.3%
6.2%
16.2%
72.0%
Asia Europe North America

South America Middle East Africa
Australia/ New Zealand
Source: EUROFER
4.2.1 MARKET INDICATORS ANALYSIS

FIGURE 13 GLOBAL STEEL MARKET INDICATOR
• The global steel market size was

CAGR
xx% USD xx Million in 2021 and is
expected to reach a value of
USD xx Million by 2030, and
register a CAGR of xx% during
the forecast period.
• Rapid urbanization has changed
USD MILLION
the lifestyle of the people and,

in turn, has increased the
prevalence of secure
infrastructure over a broad
aspect, thus, augmenting the
2022
2020 2030
2027
demand for the market
product.
Source: Company Annual Reports, Primary Interview, Reports and Data
28
4.2.2 MARKET DRIVER ANALYSIS
Source: Company Annual report, Primary Interviews, and Reports and Data
Steel has long been the primary material of choice for automotive manufacturers across the world. It provides
desirable standards in strength and safety for vehicles at relatively low costs in comparison to other materials.
Today advanced high strength steels (AHSS) are being used for most of the new vehicle designed. New grades
of advanced high strength steel can reduce vehicular weight by approx. 25-39% compared to conventional steel.
Which means it can reduce the overall weight of a typical five-passenger family car by 170 to 270 kg and save
about 3 to 4.5 tonnes of greenhouse gases over the car’s life-span.
With continued advances in technology pertaining to this field, applications for AHSS in automobiles will only
expand. Apart from the automotive industry, there are a number of other industries which stand to benefit with
developments in advanced high-strength steels
Government initiative such as in 2020, World Auto Steel announced the beginning of the Steel E-Motive
program. Steel E-Motive is a new vehicle engineering initiative to demonstrate advanced steel architectures for
future mobility. The program, a partnership with global engineering and environmental consulting firm Ricardo,
aims to demonstrate the benefits of Advanced High Strength Steel products and technologies in solving the
unique architectural challenges of Mobility as a Service (MaaS). Ultimately, it aims to provide virtual vehicle
29
concepts as roadmaps for affordable, safe, mass and environmentally efficient vehicles. These trends will favor
market growth in automotive application.
FIGURE 14 STEEL UTILIZATION IN VEHICLES (%)
25% Body Structure

40% Drive Train
Suspensions
12%
Other
23%
30
4.3 COST STRUCTURE ANALYSIS
FIGURE 15 STEEL COST STRUCTURE ANALYSIS
Raw Material Labor Cost Indirect Cost Research & Development Others
Source: Company Annual Reports, Primary Interview, Reports and Data
The cost structure consists of raw material, labor cost, indirect cost, research & development expenditures, and
others including overheads, currency fluctuations, and administrative costs. The cost of raw material have the
potential to influence the cost and also holds the maximum share of cost structure followed by labor cost.
31
4.4 VALUE CHAIN ANALYSIS
Many key players are vertically integrated into both the production of the stages of the raw material and final
product while other companies are strictly producers of final product which is used in various end use industries.
Value Chain Analysis
Raw Material Manufacturer Trader/Wholesaler End-Use

Supplier
 Arcelor Mittal  Company 1

 Company 1  Hyndai Steel  Company 2  Company 1
 Company 2  Hbis Group  Company 3  Company 2
 Company 3  Company 4  Company 3
 Jsw
 Company 4  Nippon Steel  Company 5  Company 4
 Company 5 Corporation  Company 6  Company 5
 Company 6  Posco  Company 7  Company 6
 Company 7  Sail  Company 8  Company 7
 Company 8  Company 9  Company 8
 Severstal
 Company 9  Tata Steel  Company 10  Company 9
 Company 10  United States Steel  Company 10
 Jindal Steel
 Bao Steel
 Outokumpu
 Arceinox S A
 Voestalpine
 Hitachi Metals
 Sandvik
 Bohler
 Celsa Group
 Thyssenkrupp Ag
Source: Company Website, Annual Report, Primary Interviews, Reports and Data
Key Insights
 The raw material manufacturers add up margin unto xx% when they supply it to manufacturing
industries.
 The manufacturers convert raw material into final product and adds margin unto xx%.
 The Wholesaler/supplier/distributor adds up margin up to xx% and might sale to retailers if the retailers
fits in the value chain.
32
4.5 PORTER’S FIVE FORCES ANALYSIS
Note: The above figure is illustrious in nature
4.6 PESTLE ANALYSIS
33
4.7 PRICE TREND ANALYSIS
FIGURE 16 STEEL MARKET PRICES: BY TYPE, BY REGION (IN USD/KG)
2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Asia-Pacific Europe North America Middle East & Africa Latin America
*the above graph is for representation purpose only

Reports and Data
Region 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Asia-Pacific XX XX XX XX XX XX XX XX XX XX XX XX
Europe XX XX XX XX XX XX XX XX XX XX XX XX
North America XX XX XX XX XX XX XX XX XX XX XX XX
Middle East & Africa XX XX XX XX XX XX XX XX XX XX XX XX
Latin America XX XX XX XX XX XX XX XX XX XX XX XX
Reports and Data
4.8 PRODUCTION-CONSUMPTION OUTLOOK (2019-2030)
4.8.1 GLOBAL PRODUCTION SCENARIO (KILO TONS)

Region 2019 2020 2021 2026 2029 2030
North America XX XX XX XX XX XX
Europe XX XX XX XX XX XX
Asia Pacific XX XX XX XX XX XX
Latin America XX XX XX XX XX XX
MEA XX XX XX XX XX XX
Total XX XX XX XX XX XX
Reports and Data
34
4.8.2 GLOBAL CONSUMPTION SCENARIO (KILO TONS)
Region 2019 2020 2021 2026 2029 2030
Reports and Data
4.9 SUPPLY-DEMAND OUTLOOK (2019-2030)
4.9.1 GLOBAL SUPPLY SCENARIO (KILO TONS)

Region 2019 2020 2021 2026 2029 2030
Reports and Data
4.9.2 GLOBAL DEMAND SCENARIO (KILO TONS)

Region 2019 2020 2021 2026 2029 2030
Reports and Data
35
4.10 COMPETITIVE METRIC SPACE ANALYSIS
FIGURE 17 COMPETITIVE METRIC SPACE ANALYSIS
Company Company Company Company Company Company

1 2 3 4 5 6
• Type • Type • Type • Type • Type • Type

• Process • Process • Process • Process • Process • Process
• Application • Application • Application • Application • Application • Application
• End Uses • End Uses • End Uses • End Uses • End Uses • End Uses
• Other • Other • Other • Other • Other • Other
Features Features Features Features Features Features
• XXX • XXX • XXX • XXX • XXX • XXX
36
5 STEEL MARKET BY PRODUCT TYPE INSIGHTS & TRENDS
KEY TRENDS & HIGHLIGHTS
 The stainless steel segment accounted for over xx million and is expected to grow at a rate of xx% in the
forecast period.
5.1 PRODUCT TYPE DYNAMICS & MARKET SHARE, 2022 & 2030
Based on product type, the market is segregated into:
 Crude steel
 Tool steel
 Stainless steel
 Alloy steel
 Carbon steel
FIGURE 18 STEEL MARKET: PRODUCT TYPE DYNAMICS
2030
2022
Crude Steel Tool steel Stainless Steel Alloy Steel Carbon steel
37
5.2 STAINLESS STEEL
By type, stainless steel segment accounted for a significant revenue share in 2020 and is estimated to grow at a
high CAGR during the forecast period. Stainless steel is one of the most common materials seen in residential
and commercial kitchens. It is an excellent alternative for plastic containers and is 100% reusable and recyclable.
It is also nonporous which makes it a hygienic material. It also does not support growth of pathogens or bacteria.
Furthermore, the stainless steel market is witnessing a surge in demand, owing to the growth of end-user
industries such as the automotive industry, in the developed, as well as developing economies across the globe.
However, carbon fibers due to its lightweight, high strength, and load-bearing properties will hamper the demand
of the market.
5.2.1 STAINLESS STEEL FROM STEEL MARKET ESTIMATES AND FORECASTS, 2019-2030,
TABLE 2 STAINLESS STEEL FROM STEEL MARKET ESTIMATES AND FORECASTS, 2019-2030,
(USD MILLION)
CAGR
Market Size 2019 2020 2021 2022 2030
(2022–30)
Revenue (USD Million) XX XX XX XX XX XX
TABLE 3 STAINLESS STEEL FROM STEEL MARKET ESTIMATES AND FORECASTS, 2019-2030,
(KILO TONS)
CAGR
Market Size 2019 2020 2021 2022 2030
(2022–30)
Volume (Kilo Tons) XX XX XX XX XX XX
5.2.2 STAINLESS STEEL FROM STEEL MARKET ESTIMATES AND FORECASTS, BY GRADE,
TABLE 4 STAINLESS STEEL FROM STEEL MARKET REVENUE, BY GRADE, 2019-2030, (USD
CAGR
Grade 2019 2020 2021 2022 2030
(2022–30)
Ferritic XX XX XX XX XX XX
Austenitic XX XX XX XX XX XX
Martensitic XX XX XX XX XX XX
Duplex XX XX XX XX XX XX
Precipitation Hardening XX XX XX XX XX XX
38
5.2.3 STAINLESS STEEL FROM STEEL MARKET ESTIMATES AND FORECASTS, BY PRODUCT,
TABLE 5 STAINLESS STEEL FROM STEEL MARKET REVENUE, BY PRODUCT, 2019-2030, (USD
CAGR
Product 2019 2020 2021 2022 2030
(2022–30)
Flat XX XX XX XX XX XX
Long XX XX XX XX XX XX
Sheet XX XX XX XX XX XX
Plate XX XX XX XX XX XX
Tube XX XX XX XX XX XX
5.2.4 STAINLESS STEEL FROM STEEL MARKET ESTIMATES AND FORECASTS, BY

APPLICATION, 2019-2030, (USD MILLION) (KILO TONS)
TABLE 6 STAINLESS STEEL FROM STEEL MARKET REVENUE, BY APPLICATION, 2019-2030,
CAGR
Application 2019 2020 2021 2022 2030
(2022–30)
Building & construction XX XX XX XX XX XX

Heavy industry XX XX XX XX XX XX
Automotive & transportation XX XX XX XX XX XX
Consumer goods XX XX XX XX XX XX
Aerospace & defense XX XX XX XX XX XX
Waste water treatment XX XX XX XX XX XX
Pulp & Paper XX XX XX XX XX XX
Biomass Conversion XX XX XX XX XX XX
Chemical & Petrochemical XX XX XX XX XX XX
Food & beverage XX XX XX XX XX XX
Medical XX XX XX XX XX XX
Energy XX XX XX XX XX XX
Additive Manufacturing XX XX XX XX XX XX
Others XX XX XX XX XX XX
39
5.2.5 STAINLESS STEEL FROM STEEL MARKET ESTIMATES AND FORECASTS, BY REGION,
TABLE 7 STAINLESS STEEL FROM STEEL MARKET REVENUE, BY REGION, 2019-2030, (USD
CAGR
Region 2019 2020 2021 2022 2030
(2022–30)
Similar tables (Market estimates and forecast from 2019-2030 in terms of USD Million and Kilo Tons) along
with qualitative analysis will be covered for the following:
 Crude steel
 Tool steel
 Alloy steel
 Carbon steel
40
6 STEEL MARKET BY REGIONAL INSIGHTS & TRENDS
KEY REGIONAL TRENDS & HIGHLIGHTS
 Asia-Pacific is expected to account for a share of xx% in the steel market in 2030.
6.1 REGIONAL DYNAMICS & MARKET SHARE, 2022 & 2030

By region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin
America.
FIGURE 19 STEEL MARKET: REGION DYNAMICS
2030
2022
Asia Pacific North America Europe Middle East & Africa Latin America
41
6.2 ASIA-PACIFIC
Asia Pacific accounted for largest revenue share in 2020 due to high demand from China, India, and Japan. These
countries are among the major steel producing countries globally. China has the largest construction sector,
followed by the U.S. China is the leading producer and consumer of alloy steel and strong economic growth in
the country is driving demand for steel products. Rapid urbanization has changed the lifestyle of the people and,
in turn, has increased the prevalence of secure infrastructure over a broad aspect, thus, augmenting the demand
for the market product. The usage of the use of stainless steel is supported by the Ministry of Steel of the Indian
government, as India contributes to the list of top manufacturers of the Stainless Steel across the globe, which is
creating a demand in the market. Moreover, the government in nations such as China and Japan, are also
supporting the sales of stainless steel, thereby driving the growth of the market.
6.2.1 ASIA-PACIFIC STEEL MARKET ESTIMATES AND FORECAST, 2019-2030 (USD MILLION)
(KILO TONS)
TABLE 8 ASIA-PACIFIC STEEL MARKET ESTIMATES AND FORECAST, 2019-2030 (USD
MILLION)
CAGR
Market Size 2019 2020 2021 2022 2030
(2022–30)
Revenue (USD Million) XX XX XX XX XX XX
TABLE 9 ASIA-PACIFIC STEEL MARKET ESTIMATES AND FORECAST, 2019-2030 (KILO TONS)
CAGR
Market Size 2019 2020 2021 2022 2030
(2022–30)
Volume (Kilo Tons) XX XX XX XX XX XX
6.2.2 ASIA-PACIFIC STEEL MARKET ESTIMATES AND FORECAST, BY PRODUCT TYPE, 2019-
2030 (USD MILLION) (KILO TONS)
TABLE 10 ASIA-PACIFIC STEEL MARKET REVENUE ESTIMATES AND FORECAST, BY
PRODUCT TYPE, 2019-2030 (USD MILLION) (KILO TONS)
CAGR
Product Type 2019 2020 2021 2022 2030
(2022–30)
Crude steel XX XX XX XX XX XX
Tool Steel XX XX XX XX XX XX
Stainless steel XX XX XX XX XX XX
Alloy Steel XX XX XX XX XX XX
Carbon Steel XX XX XX XX XX XX
42
6.2.3 ASIA-PACIFIC STEEL MARKET ESTIMATES AND FORECAST, FROM CRUDE STEEL BY
COMPOSITION, 2019-2030 (USD MILLION) (KILO TONS)
TABLE 11 ASIA-PACIFIC STEEL MARKET REVENUE ESTIMATES AND FORECAST, FROM
CRUDE STEEL BY COMPOSITION, 2019-2030 (USD MILLION) (KILO TONS)
CAGR
Composition 2019 2020 2021 2022 2030
(2022–30)
Killed Steel XX XX XX XX XX XX
Semi Killed Steel XX XX XX XX XX XX
Other XX XX XX XX XX XX
6.2.4 ASIA-PACIFIC STEEL MARKET ESTIMATES AND FORECAST, FROM CRUDE STEEL BY
END USE , 2019-2030 (USD MILLION) (KILO TONS)
CRUDE STEEL BY END USE, 2019-2030 (USD MILLION) (KILO TONS)
CAGR
End use 2019 2020 2021 2022 2030
(2022–30)
Building and Construction XX XX XX XX XX XX
Transportation XX XX XX XX XX XX
Tools and Machinery XX XX XX XX XX XX
Consumer Goods XX XX XX XX XX XX
Other XX XX XX XX XX XX
43
6.2.5 ASIA-PACIFIC STEEL MARKET ESTIMATES AND FORECAST, FROM TOOL STEEL BY
PRODUCT , 2019-2030 (USD MILLION) (KILO TONS)
TABLE 13 ASIA-PACIFIC STEEL MARKET REVENUE ESTIMATES AND FORECAST, FROM TOOL
STEEL BY PRODUCT, 2019-2030 (USD MILLION) (KILO TONS)
CAGR
Product 2019 2020 2021 2022 2030
(2022–30)
Cold Work XX XX XX XX XX XX
Medium alloy cold work XX XX XX XX XX XX
High Carbon, high chromium cold work steels XX XX XX XX XX XX
Hot Work XX XX XX XX XX XX
High Speed XX XX XX XX XX XX
Water Hardening XX XX XX XX XX XX
APPLICATION , 2019-2030 (USD MILLION) (KILO TONS)
STEEL BY APPLICATION, 2019-2030 (USD MILLION) (KILO TONS)
CAGR
Application 2019 2020 2021 2022 2030
(2022–30)
Injection molding XX XX XX XX XX XX
Die work XX XX XX XX XX XX
Forging XX XX XX XX XX XX
44
STEEL BY END USE, 2019-2030 (USD MILLION) (KILO TONS)
CAGR
End use 2019 2020 2021 2022 2030
(2022–30)
Automotive XX XX XX XX XX XX
Aerospace XX XX XX XX XX XX
Consumer products XX XX XX XX XX XX
Ship building XX XX XX XX XX XX
Electric & electronics XX XX XX XX XX XX
Packaging XX XX XX XX XX XX
Pulp & paper XX XX XX XX XX XX
6.2.8 ASIA-PACIFIC STEEL MARKET ESTIMATES AND FORECAST, FROM STAINLESS STEEL
BY GRADE , 2019-2030 (USD MILLION) (KILO TONS)
STAINLESS STEEL BY GRADE, 2019-2030 (USD MILLION) (KILO TONS)
CAGR
Grade 2019 2020 2021 2022 2030
(2022–30)
Ferritic XX XX XX XX XX XX
Austenitic XX XX XX XX XX XX
Martensitic XX XX XX XX XX XX
Duplex XX XX XX XX XX XX
Precipitation Hardening XX XX XX XX XX XX
45
BY FORM , 2019-2030 (USD MILLION) (KILO TONS)
STAINLESS STEEL BY FORM, 2019-2030 (USD MILLION) (KILO TONS)
CAGR
Form 2019 2020 2021 2022 2030
(2022–30)
Flat XX XX XX XX XX XX
Long XX XX XX XX XX XX
Sheet XX XX XX XX XX XX
Plate XX XX XX XX XX XX
Tube XX XX XX XX XX XX
BY APPLICATION , 2019-2030 (USD MILLION) (KILO TONS)
STAINLESS STEEL BY APPLICATION, 2019-2030 (USD MILLION) (KILO TONS)
CAGR
Application 2019 2020 2021 2022 2030
(2022–30)
Heavy industry XX XX XX XX XX XX
Automotive & transportation XX XX XX XX XX XX
Consumer goods XX XX XX XX XX XX
Aerospace & defense XX XX XX XX XX XX
Waste water treatment XX XX XX XX XX XX
Pulp & Paper XX XX XX XX XX XX
Biomass Conversion XX XX XX XX XX XX
Chemical & Petrochemical XX XX XX XX XX XX
Food & beverage XX XX XX XX XX XX
Medical XX XX XX XX XX XX
Additive Manufacturing XX XX XX XX XX XX
46
6.2.11 ASIA-PACIFIC STEEL MARKET ESTIMATES AND FORECAST, FROM ALLOY STEEL BY
PRODUCT , 2019-2030 (USD MILLION) (KILO TONS)
ALLOY STEEL BY PRODUCT, 2019-2030 (USD MILLION) (KILO TONS)
CAGR
Product 2019 2020 2021 2022 2030
(2022–30)
Flat Products XX XX XX XX XX XX
Long/Tubular Products XX XX XX XX XX XX
6.2.12 ASIA-PACIFIC STEEL MARKET ESTIMATES AND FORECAST, FROM ALLOY STEEL BY
ALLOY STEEL BY APPLICATION, 2019-2030 (USD MILLION) (KILO TONS)
CAGR
Application 2019 2020 2021 2022 2030
(2022–30)
Machinery XX XX XX XX XX XX
Oil and Gas XX XX XX XX XX XX
6.2.13 ASIA-PACIFIC STEEL MARKET ESTIMATES AND FORECAST, FROM CARBON STEEL BY
TYPE , 2019-2030 (USD MILLION) (KILO TONS)
CARBON STEEL BY TYPE, 2019-2030 (USD MILLION) (KILO TONS)
CAGR
Type 2019 2020 2021 2022 2030
(2022–30)
Low carbon steel XX XX XX XX XX XX

Medium Carbon Steel XX XX XX XX XX XX
High Carbon Steel XX XX XX XX XX XX
Ultra high carbon steel XX XX XX XX XX XX
47
CARBON STEEL BY APPLICATION, 2019-2030 (USD MILLION) (KILO TONS)
CAGR
Application 2019 2020 2021 2022 2030
(2022–30)
Basic and Perforated Sheets XX XX XX XX XX XX
Bars & Rebars XX XX XX XX XX XX
Normal Plates and Floor Plate XX XX XX XX XX XX
Pipes & Tubes XX XX XX XX XX XX
Wire Rod XX XX XX XX XX XX
Angle XX XX XX XX XX XX
Channels XX XX XX XX XX XX
Beams XX XX XX XX XX XX
CARBON STEEL BY END USE, 2019-2030 (USD MILLION) (KILO TONS)
CAGR
End use 2019 2020 2021 2022 2030
(2022–30)
Construction XX XX XX XX XX XX
Railways XX XX XX XX XX XX
Shipbuilding & Marine XX XX XX XX XX XX
Aerospace XX XX XX XX XX XX
Heavy Engineering and Equipment XX XX XX XX XX XX
Consumer Appliances XX XX XX XX XX XX
Cutting Tools XX XX XX XX XX XX
Note: Similar tables and charts will be covered for the following region/countries:
 North America
o The U.S.
o Canada
48
o Mexico
 Europe
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe
 Asia Pacific
o Japan
o China
o South Korea
o India
o Rest of Asia Pacific
 Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
 Latin America
o Brazil
o Rest of Latin America
49
7 COMPETITIVE LANDSCAPE
7.1 STEEL MARKET: COMPANY MARKET SHARE ANALYSIS

FIGURE 20 STEEL MARKET: COMPANY MARKET SHARE ANALYSIS, 2021
XX%
XX%
XX%
XX%
XX%
XX%
Company 1 Company 2 Company 3

Company 4 Company 5 Company 6
Company 1
Company 2
Company 3
Company 4
Company 5
Company 6
1 2 3 4 5 6
Market Position 2019
Reports and Data
The steel market is fragmented in nature with various companies providing a range of products. Company X
dominated the steel market with xx% market share in 2020. Key players in the STEEL market are:
 Arcelor Mittal
 Hyndai Steel
 HBIS Group
 JSW
 Nippon Steel Corporation
 POSCO
 SAIL
50
 Severstal
 Tata Steel
 United States Steel
 Jindal Steel
 Bao Steel
 Outokumpu
 Arceinox S A
 Voestalpine
 Hitachi Metals
 Sandvik
 Bohler
 Celsa Group
 Thyssenkrupp AG
FIGURE 21 STEEL MARKET: COMPETITIVE LANDSCAPE, 2021
These leading players have adopted various strategies such as expansions, acquisitions, new product launches,
and investments to explore new and untapped markets, expand in local areas of emerging markets, and develop
a new customer base for long-term client relationships. This has not only enabled the key players to expand their
geographical reach but has also reinforced their market position by gaining a larger share in terms of revenue
and product portfolios. Small-scale players have adopted these strategies to expand their businesses globally by
investing in the establishment of facilities in various regions. Inorganic growth strategies enable them to improve
their expertise through intensive R&D infrastructure offered by bigger players.
51
7.2 MERGERS & ACQUISITIONS DEALS LANDSCAPE
The steel market is capital intensive. Hence as a precautionary strategy, the market participants who have a steady
access to robust capital, possess strong capabilities, and enjoy global presence are anticipated to use acquisition
strategies to participate in supplier consolidation. This would reportedly enable the company’s abilities to open
new revenue opportunities previously accessible, expand customer bases, and gain the ability to tap other
markets.
TABLE 24 MAJOR MERGERS & ACQUISITIONS IN THE STEEL MARKET, 2019-2022
S. NO. COMPANIES INVOLVED SPECIFICATION
1 Company 1 and company 2

xxxxxxxx
2 xx
xxxxxxxx
3 xx
xxxxxxxx
4 xx
xxxxxxxx
Reports and Data
FIGURE 22 MERGERS & ACQUISITIONS DEALS LANDSCAPE
2010 2011 2012 2013 2014 2015 2016
Deal Value (USD Billion) Annual Number of Deals
Reports and Data
The industry is still fragmented despite consolidation and M&A initiatives adhered by market participants. These
M&A activities are anticipated to flourish in the future. The M&A activity is supposed to be triggered on account
of the companies’ willingness to build a diversified customer base, increase purchasing power, enhance
production support, diversify industry coverage, broaden product lines, expand geographically, and maintain a
competitive presence.
52
7.3 MARKET POSITIONING
The aim of the companies is to achieve optimum business growth and strong market position through
implementation of various strategies such as acquisitions, distribution & marketing, production capacity
expansion, product licensing, and intensive investments in research & development. With the help of product
differentiation, companies in the steel market are able to distinguish themselves from their competitor.
TABLE 25 PRODUCT POSITIONING OF STEEL MARKET LEADERS
PROUCT NAME COMPANY PRODUCT SPECIFICATION FEATURES
Product A xx xx  xxxxxx
Product B xx xx  xxxxxx
Product C xx xx  xxxxxx
Reports and Data
7.4 STRATEGIC BENCHMARKING

FIGURE 23 STEEL MARKET STRATEGY MAPPING OF KEY MARKET PLAYERS, 2019—2022
New Product Development
Partnerships & joint ventures
Investment & Expansion
Mergers & Acquisitions
XX XX XX XX XX XX XX
Reports and Data
53
8 COMPANY PROFILE
8.1 ARCELORMITTAL S.A.
ArcelorMittal Type: Public

S.A.
Industry: Mining and Metals
Founded: 2006
Headquarters : Luxembourg city, Luxembourg
Website: corporate.arcelormittal.com
8.1.1 COMPANY SUMMARY

ArcelorMittal S.A. is Luxembourg based mining and metals company, founded in 2006 and headquarter in
Luxembourg city, Luxembourg. It operates through five segments including, NAFTA, Brazil, Europe, ACIS and
Mining. The company through its NAFTA segment offers several flat, long and tubular products. For instance,
flat products such as, slabs, hot-rolled coil, cold-rolled coil, coated steel products and plate, among others. It
offers several flat, long and tubular products through Brazil segment. The products offered by this segment
includes, Flat products include slabs, hot-rolled coil, cold-rolled coil and coated steel, among others and Long
products such as, wire rod, bar and rebars, billets and wire drawing, among others. The company through its
Europe segment offers several flat, long and tubular products, the flat products offered by this segment includes,
hot-rolled coil, cold-rolled coil, coated products, tinplate, plate and slab, among others. Its ACIS also offers
several flat, long and tubular products. Though the mining segment, the company offers steel operations with
high quality and low-cost iron ore and coal reserves. Furthermore, the company offers products and services to
several sectors including, automotive and mobility, appliances, construction, energy, packaging and transport,
among others.
The company is among one of the largest steel producer in North America, South America and Europe, among
others. It operates through manufacturing facilities in over 17 countries and has 1,58,000 employees globally.
The company offers products and services customers in over 160 countries.
54
1.1.2 FINANCIAL INSIGHTS
Financial Overview: ArcelorMittal S.A.

Founded in 2006 and headquartered in Luxembourg city, Luxembourg . ArcelorMittal
S.A. is a Public company.
As of 2020, the company employed 158,000 people across the globe.
Net Sales Business Mix
90
76.57 4.9%
80 15.2%
11.9%
70.62
70
60 15.6%
53.27
USD Billion
50
40
30 52.5%
20
10
0
2019 2020 2021 NAFTA Brazil Europe ACIS Mining
Revenue in billion
Cash Flow Geographical Mix
-10.90
11.7%
33.2%
USD Billion
-0.34
55.1%
9.91
Operating Activities Investing Activities Americas Europe Asia & Africa

Financing Activities
Source: Company Annual report, Company Website, News Articles
55
8.1.2 PRODUCT INSIGHTS
PRODUCT/BRAND PRODUCT RANGE FEATURES END-USE
 UR 276  Nickel as the balancing metal

 UR 22  Available in clad plate and solid
Stainless Steel - Most aggressive parts in flue gas
 UR 625 forms
Nickel based desulfurization units and other
 UR 825  High corrosion resistance
alloys demanding applications
 UR 601  Feature A
 UR 600  Feature B
XX XX XX XX
8.1.3 STRATEGIC INITIATIVE

DATE DEVELOPMENTS DESCRIPTION
XX XX XX
8.1.4 SWOT ANALYSIS
56
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Global Steel Market

By Product Type, By Regional Outlook, And Segment Forecasts,

Chapter 1. MARKET SYNOPSIS

Chapter 2. EXECUTIVE SUMMARY

Chapter 3. INDICATIVE METRICS

Chapter 4. STEEL SEGMENTATION & IMPACT ANALYSIS

Chapter 5. STEEL MARKET BY PRODUCT TYPE INSIGHTS & TRENDS

6.2.4. THE U.S.

6.3.9. REST OF EUROPE

6.4. ASIA PACIFIC

6.4.7. SOUTH KOREA

6.4.8. REST OF ASIA PACIFIC

6.5. MIDDLE EAST & AFRICA

6.5.4. SAUDI ARABIA

6.5.6. REST OF MIDDLE EAST & AFRICA

6.6. LATIN AMERICA

6.6.5. REST OF LATIN AMERICA

Chapter 7. COMPETITIVE LANDSCAPE

1.1 RESEARCH SCOPE & PREMISE

FIGURE 1 YEARS CONSIDERED IN THE STUDY

1.2.1 SECONDARY RESEARCH MODEL

1.2.2 PRIMARY RESEARCH MODEL

1.3 MARKET ESTIMATION

FIGURE 2 TOP DOWN APPROACH

Percentage split for segment of the market

Country wise market for each sub-segment

1.3.1 MARKET SHARE BASED APPROACH

1.3.2 PRODUCT BASED APPROACH

Integrations of value of each sub-segment across

Net value of the market by all segments

Total value of the market by region

1.4 DATA TRIANGULATION

FIGURE 4 DATA TRIANGULATION

PRIMARY SOURCES SECONDARY SOURCES

Report and • Government

• Product Managers • Company Websites

Data Triangulation & Information Sources

2.1 EXECUTIVE SUMMARY

The summary of the market is elucidated as follows:

FIGURE 5 STEEL MARKET: 2022 & 2030 OUTLOOK BY TYPE

Key players in the steel market are:

3.1 COVID 19: SCENARIO AND IMAPCT ASSESSMENT

FIGURE 7 COVID-19 GLOBAL STATISTICS: MAJOR AFFECTED NATIONS: AS OF 2022

Source: Worldometer estimates

3.2 POST COVID IMPACT: POLICY RESPONSES

3.2.1 UNITED STATES

FIGURE 8 GDP GROWTH (%) IN APRIL-JUNE 2020 VS APRIL-JUNE 2019

United Kingdom 1917

The Republic of Korea 3816

United States 5779

European Union 15597

0 2000 4000 6000 8000 10000 12000 14000 16000 18000

3.2.1.1 ALTERNATIVE AVAILABILITY OF SUPPLIERS

REGION NAME OF SUPPLIER DESCRIPTION

Middle East & Africa xx xx

FIGURE 11 HEAT MAP INDICATING CUSTOMER MAPPING

4.1 SEGMENTATION ANALYSIS

4.2 INDUSTRIAL OUTLOOK

FIGURE 12 CRUDE STEEL PRODUCTION, BY REGION

Asia Europe North America

4.2.1 MARKET INDICATORS ANALYSIS

• The global steel market size was

the lifestyle of the people and,

Source: Company Annual Reports, Primary Interview, Reports and Data