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金屬鋼鐵

市場調查報告書

商品編碼

1455774

全球鋼鐵市場-2024-2031

Global Steel Market -2024-2031

出版日期: 2024年03月26日 | 出版商:

DataM Intelligence | 英文 181 Pages | 商品交期: 約2個工作天內

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簡介目錄

概述

2023年全球鋼鐵市場規模達9,537億美元，預估至2031年將達1,2321億美元，2024-2031年預測期間CAGR為3.3%。

全球鋼鐵市場仍然是工業部門不可或缺的組成部分，對全球製造業、基礎設施發展和經濟成長做出了重大貢獻。為了滿足眾多終端用戶的需求，鋼鐵業面對產能過剩、需求變化和貿易動態變化等障礙，並堅持適應和創新。

鋼鐵公司可以透過收購利用規模經濟、簡化流程並改善供應鏈管理。鋼鐵生產商可以透過合併類似行業或獲得專業技能來擴大產品線、增強客戶支援並鞏固其市場地位。

例如，2023年12月，日本新日鐵在拍賣中擊敗克利夫蘭克利夫斯和安賽樂米塔爾等競標者後，達成協議以149億美元現金收購美國鋼鐵公司。美國鋼鐵公司也受到安賽樂米塔爾的追捧。在日本和安賽樂米塔爾位於阿拉巴馬州的一家工廠，從國內和國際供應商購買的半成品或板坯經過加工生產鋼板產品。此外，他們還花費近 10 億美元購買電弧爐。因此，亞太地區的製造商以龐大的市場佔有率為全球產品市場的成長做出了貢獻。

動力學

投資拉動鋼鐵業產能擴張

鋼鐵公司可以透過投資建設新設施或對現有設施進行改造和現代化來提高產能。由於產能不斷增加，擴大的產能將滿足國內外對鋼鐵產品不斷成長的需求。

紐柯公司於2024年2月21日表示，經董事會批准，將獲得8.6億美元資金，在太平洋西北地區開發螺紋鋼微型軋機。目前尚不清楚該工廠位於何處。該工廠每年將生產 65 萬噸螺紋鋼，將是紐柯有史以來最大的螺紋鋼工廠。經相關部門批准，預計兩年內完工。該鋼鐵製造商在聲明中表示，作為拜登1兆美元基礎設施計畫的一部分，美國基礎設施投資不斷增加，預計當地螺紋鋼市場將繼續表現強勁。

技術合作推動環保鋼鐵生產創新

合作使利害關係人能夠分享環保鋼鐵生產發展的技術進步和解決方案。知識共享將具有加速開發更永續鋼鐵生產方法的巨大潛力，例如利用再生能源、儲存技術和加強回收程序。

2023 年 10 月 30 日早盤交易顯示，由於與塔塔電力再生能源公司合作，Mukand 股價小漲。兩家公司已就位於馬哈拉施特拉邦賈姆赫德的 43.75 兆瓦 AC 集團自備太陽能專案簽署了供電協議。除了滿足Mukand Limited的能源需求外，此太陽能電池陣計劃每年生產99.82個MU，並提高鋼鐵製造過程的環境友善性。該集團自備太陽能發電廠的建設、營運和維護將屬於TPREL的職權範圍。

貿易爭端與保護主義

外國鋼鐵生產商可能會發現他們的市場准入受到政府對鋼鐵進口徵稅或限制的限制。因此，由於區域和其他當地市場的競爭較少，使用鋼鐵作為原料的消費者和下游產業可能會支付更高的價格。

全球供應鏈可能會因貿易爭端而中斷，導致物流問題和鋼鐵產品交付延誤。由於貿易規則的不確定性和可能的報復行動，對額外產能或基礎設施的長期投資也可能阻礙鋼鐵市場的擴張。

原料成本波動

原物料成本的變化可能導致鋼材價格波動，這使得製造商很難與客戶議價或建立有競爭力的銷售價格。客戶需求也會受到價格波動的影響，因為公司可能會決定推遲採購或尋找替代供應以應對不穩定的價格波動。

原物料成本的不確定性可能會阻礙鋼鐵業的長期投資。鑑於投入成本波動，鋼鐵生產商可能不願意將現金投入新企業或擴張計劃，這將限制該行業的發展和現代化潛力。

The global steel market is still an integral component of the industrial sector, contributing significantly to global manufacturing, infrastructure development and economic growth. To meet the demands of many end-user sectors, the steel industry persists in adapting and innovating in the face of obstacles such as overcapacity, varying demand and changing trade dynamics.

Steel companies can take advantage of economies of scale, streamline processes and improve supply chain management through acquisitions. Steel producers can expand their product lines, boost customer support and strengthen their market position by combining similar industries or obtaining specialized skills.

For instance, in December 2023, After surpassing bidders including Cleveland-Cliffs and ArcelorMittal in an auction, Japan's Nippon Steel secured an agreement to purchase US Steel for US$14.9 billion in cash. U.S. Steel was also pursued by ArcelorMittal. At a mill owned by Nippon and ArcelorMittal in Alabama, semi-finished product or slabs, that are purchased from domestic and international vendors are processed to produce steel sheet products. Additionally, they are spending almost US$ 1 billion on an electric arc furnace. Therefore, Asia-Pacific based manufacturers contribute to the growth of the global product market with significant market share.

Dynamics

Investment Driving Production Capacity Expansion in the Steel Industry

Steel companies can increase their production capacity through investment by building new facilities or by renovating and modernizing their current ones. Because of their increasing capacity, the expanding capacities will meet the rising demand for steel products both domestically and internationally.

Nucor Corp. stated on February 21, 2024, that the development of a rebar micro mill in the Pacific Northwest will get funds of US$ 860 million, as approved by the board. It's still unknown where the mill is located. The mill will produce 650,000 Tons of steel rebar annually, will be the largest Nucor steel rebar mill ever constructed. With authorization from the relevant authorities, it is expected to be finished in two years. The steelmaker stated in a statement that the local rebar market is anticipated to continue to demonstrate strength against the backdrop of rising U.S. infrastructure investments as part of Biden's US$ 1 trillion infrastructure package.

Technological Collaboration Driving Innovation in Eco-Friendly Steel Production

Collaboration allows the stakeholders to share technological advancements and solutions in the developments of eco-friendly steel production. The knowledge sharing will have the significant potential to accelerate the development of more sustainable steel production methods, such as harnessing renewable energy sources, storage technology and enhancing recycling procedures.

Early trading on October 30, 2023 depicts a minor boost in Mukand's share price due to its collaboration with Tata Power Renewable Energy. A Power Delivery Agreement has been signed by the firms for a 43.75 MW AC Group Captive Solar project situated in Jamkhed, Maharashtra. In addition to meeting Mukand Limited's energy demands, this solar array is planned to produce 99.82 MUs yearly and improve the environmental friendliness of steel manufacturing processes. The group's captive solar power plant construction, operation and maintenance will fall under the purview of TPREL.

Trade Disputes and Protectionism

Foreign steel producers may find their access to markets restricted by governments that impose taxes or restrictions on steel imports. As a result, consumers and downstream sectors that use steel as a raw material may pay more as there is less competition in the regional and other local market place.

Global supply chains can be disrupted by trade disputes, which can cause logistical problems and delays in the delivery of steel products. The expansion of the steel market can also be hampered by long-term investment in additional capacity or infrastructure due to uncertainty surrounding trade rules and possible retaliatory actions.

Fluctuation Raw Material Costs

Price volatility for steel can result from changes in the cost of raw materials, which makes it challenging for manufacturers to bargain with clients or establish competitive selling prices. Customer demand can also be impacted by price volatility since companies may decide to defer purchases or look for substitute supplies in reaction to erratic price fluctuations.

Long-term investment in the steel sector may be discouraged by costs associated with raw materials being uncertain. In light of fluctuating input costs, steel producers might be reluctant to commit cash to new ventures or expansion plans, which would restrict the industry's potential for development and modernization.

Segment Analysis

The global steel market is segmented based on product, application, end-user and region.

Growing Crude Steel Production Drive Market

Crude steel is an essential component of many industrial manufacturing processes, including those that produce appliances, machinery, automobiles and ships. Crude steel is in greater demand as a raw material when industrial output levels expand internationally due to factors like economic expansion, technical improvement and rising consumer demand.

U.S.'s crude steel output increased 0.2% to 80.7 million metric Tons in 2023, but in December it surged 7.6% to 6.8 million metric Tons. In 2023, Russia's steel production increased by 5.6% year over year to 75.8 million metric Tons and by 4.3% to 6 million metric Tons in December. Therefore, burgeoning demand for crude steel primarily in construction sector segment captures the majority of the market shares in the total global market.

Geographical Penetration

China's Technological Advancements and Investments in Steel Sector

China has made significant investments to modernize its steel sector using cutting-edge technology and manufacturing techniques. The technological developments can be used to improve the productivity, sustainability and quality of steel production in a new manufacturing facility in China. The global steel market's best practices and standards may be impacted by this technological advancement, promoting overall growth and development.

In January 2023, as the nation ramps up infrastructure expenditure, SteelAsia Manufacturing and China Baowu Steel Group will collaborate to establish a 108 billion Philippine peso (US$ 1.98 billion) factory in the Philippines. The greatest steel producer in the nation, SteelAsia and the biggest steel producer globally, Baowu, will choose a site for the project as early as February. Every year, 3 million Tons of molten steel will be produced there and utilized to make completed steel products. Therefore, China is leading the regional steel market with majority of the global market shares.

COVID-19 Impact Analysis

The pandemic has impacted steel industry with substantial drop in the demand for steel, especially from industries that use steel including manufacturing & building and automobile industry. The demand for steel declined as a result of slower economic growth, postponed building projects and weaker consumer expenditure.

The COVID-19 pandemic and related lockdown measures, according to the World Steel Association, have had a major impact on global steel manufacturer' output volumes. In April 2020, China reported producing 85.0 million Tons of crude steel. Nothing has changed from the manufacturing in April 2019. Furthermore, 5-7% of vehicles produced globally are produced in Asia. In April 2020, South Korea's automobile output fell by 22% year over year, while car exports fell by 44%. Car shipments from the nation to US fell by 28% in April compared to the same month the previous year.

Russia-Ukraine War Impact Analysis

Iron ore and steel prices increased sharply during the Russia-Ukraine conflict, as Russia and Ukraine are major exporters of these commodities. Domestic steel price increases have so far been insufficient to cover cost inflation; however, the consumption lag indicates greater margins in the fourth quarter.

Ukraine and Russia are major providers of the global steel supply chain, supplying finished steel, semis and raw materials including coking coal and iron ore. Russia and Ukraine produce over 100 million Tons of steel annually and export around 37 million Tons, accounting for 8-9% of world net trade. In 2021, Ukraine exported 40 million Tons of high-grade iron ore and pellets, whereas Russia exported approximately 29 million Tons of iron ore.

By Product

Crude Steel
Finished Steel
- Flat
- Long
- Specialty
Stainless Sheet/Strip
Stainless Plate
Stainless Bar
Stainless Rod
Stainless Steel Wire
Scrap Steel

By Application

Pre-Engineered Metal Buildings
Panels
Roofs and Walls
Bridges
Industrial Structures
Others

By End-User

Automotive
Construction
Manufacturing
Machinery and Equipment
Consumer Goods
Aviation & Marine
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

In February 2024, The construction of US$ 1.5 billion steel mill at Manhize near Mvuma has been completed, with a probable commissioning date of June 10 this year.
In December 2023, Imperial College London and Indian multinational Tata Steel have formed an agreement to setup a new GBP 10-million design investment manufacturing centre as part of efforts to develop innovative new technologies to help decarbonizes steel production.
In January 2023, SteelAsia Manufacturing and China Baowu Steel Group will collaborate to establish a 108 billion Philippine peso (US$ 1.98 billion) factory in the Philippines.

Competitive Landscape

The major global players in the market include ArcelorMittal, Nippon Steel Corporation, Baosteel, TATA Steel, Steel Authority of India Limited (SAIL), Hyundai Steel Co., Ltd., JFE Steel Corporation, HBIS Group, ThyssenKrupp and POSCO.

Why Purchase the Report?

To visualize the global steel market segmentation based on product, application, end-user and region, as well as understands key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of steel market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global steel market report would provide approximately 61 tables, 58 figures and 181 Pages.

Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1.Methodology and Scope

1.1.Research Methodology
1.2.Research Objective and Scope of the Report

2.Definition and Overview

3.Executive Summary

3.1.Snippet by Product
3.2.Snippet by Application
3.3.Snippet by End-User
3.4.Snippet by Region

4.Dynamics

4.1.Impacting Factors
- 4.1.1.Drivers
  - 4.1.1.1.Investment Driving Production Capacity Expansion in the Steel Industry
  - 4.1.1.2.Technological Collaboration Driving Innovation in Eco-Friendly Steel Production
- 4.1.2.Restraints
  - 4.1.2.1.Trade Disputes and Protectionism
  - 4.1.2.2.Fluctuation Raw Material Costs
- 4.1.3.Opportunity
- 4.1.4.Impact Analysis

5.Industry Analysis

5.1.Porter's Five Force Analysis
5.2.Supply Chain Analysis
5.3.Pricing Analysis
5.4.Regulatory Analysis
5.5.Russia-Ukraine War Impact Analysis
5.6.DMI Opinion

6.COVID-19 Analysis

6.1.Analysis of COVID-19
- 6.1.1.Scenario Before COVID
- 6.1.2.Scenario During COVID
- 6.1.3.Scenario Post COVID
6.2.Pricing Dynamics Amid COVID-19
6.3.Demand-Supply Spectrum
6.4.Government Initiatives Related to the Market During Pandemic
6.5.Manufacturers Strategic Initiatives
6.6.Conclusion

7.By Product

7.1.Introduction
- 7.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 7.1.2.Market Attractiveness Index, By Product
7.2.Crude Steel*
- 7.2.1.Introduction
- 7.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3.Finished Steel
- 7.3.1.Flat
- 7.3.2.Long
- 7.3.3.Specialty
  - 7.3.3.1.Stainless Sheet/Strip
  - 7.3.3.2.Stainless Plate
  - 7.3.3.3.Stainless Bar
  - 7.3.3.4.Stainless Rod
  - 7.3.3.5.Stainless Steel Wire
7.4.Scrap Steel

8.By Application

8.1.Introduction
- 8.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2.Market Attractiveness Index, By Application
8.2.Pre-Engineered Metal Buildings*
- 8.2.1.Introduction
- 8.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3.Panels
8.4.Roofs and Walls
8.5.Bridges
8.6.Industrial Structures
8.7.Others

9.By End-User

9.1.Introduction
- 9.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.1.2.Market Attractiveness Index, By End-User
9.2.Automotive*
- 9.2.1.Introduction
- 9.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3.Construction
9.4.Manufacturing
9.5.Machinery and Equipment
9.6.Consumer Goods
9.7.Aviation & Marine
9.8.Others

10.By Region

10.1.Introduction
- 10.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2.Market Attractiveness Index, By Region
10.2.North America
- 10.2.1.Introduction
- 10.2.2.Key Region-Specific Dynamics
- 10.2.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.2.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.2.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.2.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.2.6.1.U.S.
  - 10.2.6.2.Canada
  - 10.2.6.3.Mexico
10.3.Europe
- 10.3.1.Introduction
- 10.3.2.Key Region-Specific Dynamics
- 10.3.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.3.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.3.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.3.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.3.6.1.Germany
  - 10.3.6.2.UK
  - 10.3.6.3.France
  - 10.3.6.4.Italy
  - 10.3.6.5.Russia
  - 10.3.6.6.Rest of Europe
10.4.South America
- 10.4.1.Introduction
- 10.4.2.Key Region-Specific Dynamics
- 10.4.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.4.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.4.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.4.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.4.6.1.Brazil
  - 10.4.6.2.Argentina
  - 10.4.6.3.Rest of South America
10.5.Asia-Pacific
- 10.5.1.Introduction
- 10.5.2.Key Region-Specific Dynamics
- 10.5.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.5.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.5.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.5.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.5.6.1.China
  - 10.5.6.2.India
  - 10.5.6.3.Japan
  - 10.5.6.4.Australia
  - 10.5.6.5.Rest of Asia-Pacific
10.6.Middle East and Africa
- 10.6.1.Introduction
- 10.6.2.Key Region-Specific Dynamics
- 10.6.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.6.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.6.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

11.Competitive Landscape

11.1.Competitive Scenario
11.2.Market Positioning/Share Analysis
11.3.Mergers and Acquisitions Analysis

12.Company Profiles

12.1.ArcelorMittal*
- 12.1.1.Company Overview
- 12.1.2.Product Portfolio and Description
- 12.1.3.Financial Overview
- 12.1.4.Key Developments
12.2.Nippon Steel Corporation
12.3.Baosteel
12.4.TATA Steel
12.5.Steel Authority of India Limited (SAIL)
12.6.Hyundai Steel Co., Ltd.
12.7.JFE Steel Corporation
12.8.HBIS Group
12.9.ThyssenKrupp
12.10.POSCO

LIST NOT EXHAUSTIVE