Carbon Steel Market, By Carbon Content, By End-use Industry, By Form, By Process, By Treatment, By Application, By Geography

Description

Carbon Steel Market is estimated to be valued at US$ 1,076.31 Bn in 2025 and is expected to reach US$ 1,378.66 Bn by 2032, growing at a compound annual growth rate (CAGR) of 3.6% 2025- 2032 from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	US$ 1,076.31 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	3.60%	2032 Value Projection:	US$ 1,378.66 Bn

Carbon steel is a common type of metal that is used in engineering and construction applications. It has high tensile strength and durability, but is less resistant to corrosion than stainless steel. Carbon steel is comprised of iron alloyed with small amounts of carbon, manganese, sulfur, and phosphorus. These elements are added to improve the steel's properties.

Market Dynamics:

Infrastructure development, automotive industry, and rapid urbanization is anticipated to drive growth of the global carbon steel market over the forecast period. Moreover, energy sector is also expected to boost the growth of the global carbon steel market over the forecast period. Green steel production, high-strength, low-alloy steels, developing markets, and value-added products are expected to create growth opportunities for the global carbon steel market over the forecast period. The rapid industrialization and urbanization in countries across Asia Pacific are driving the demand for carbon steel in various industries such as construction, automotive, and manufacturing. The rise in construction activity is driving the demand for carbon steel products. Repair and rehabilitation are anticipated to make up a significant portion of overall costs, with a major portion of demand coming from carbon steel products. Technological innovation and advancement are optimizing the performance of carbon steel products, by making them more widely used in downstream applications. The demand for lightweight and strong materials in the automotive and aerospace industries is driving the expansion of the global carbon steel market.

However, environmental concerns, competition from alternatives, volatility in raw material prices, and overcapacity are expected to hamper growth of the global carbon steel market over the forecast period.

Key features of the study:

This report provides in-depth analysis of the global carbon steel market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period 2025-2032, considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global carbon steel market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include ArcelorMittal, Nippon Steel & Sumitomo Metal Corporation (NSSMC), POSCO, Tata Steel, Baowu Group (China Baowu Steel Group Corp.), JFE Steel Corporation, JSW Steel, United States Steel Corporation (U.S. Steel), Shagang Group, Ansteel Group
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global carbon steel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Carbon Steel market

Detailed Segmentation:

By Carbon Content:
- Low Carbon Steel (Mild Steel)
- Medium Carbon Steel
- High Carbon Steel
By End-use Industry:
- Construction
- Automotive
- Oil & Gas
- Energy
- Consumer Goods
- Shipbuilding
- Others
By Form:
- Flat Products
- Long Products
- Tubular Products
By Process:
- Basic Oxygen Furnace (BOF)
- Electric Arc Furnace (EAF)
By Treatment:
- Cold Rolled
- Hot Rolled
- Galvanized
- Annealed
By Application:
- Tools
- Pipes & Tubes
- Construction Hardware
- Structural
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Company Profiles:
- Nippon Steel & Sumitomo Metal Corporation (NSSMC)
- POSCO
- Tata Steel
- Baowu Group (China Baowu Steel Group Corp.)
- JFE Steel Corporation
- JSW Steel
- United States Steel Corporation (U.S. Steel)
- Shagang Group
- Ansteel Group

Product Code: CMI6153

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Carbon Content
- Market Snippet, By End-use Industry
- Market Snippet, By Form
- Market Snippet, By Process
- Market Snippet, By Treatment
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Infrastructure Development
Automotive Industry
Rapid Urbanization
- Restraints
Competition from Alternatives
Environmental Concerns
Overcapacity
- Opportunities
Green Steel Production
High-Strength, Low-Alloy Steels
Developing Markets
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions and Collaborations

4. Global Carbon Steel Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Carbon Steel Market, By Carbon Content, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Low Carbon Steel (Mild Steel)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Medium Carbon Steel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
High Carbon Steel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)

6. Global Carbon Steel Market, By End-Use Industry, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Energy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Consumer Goods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Shipbuilding
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)

7. Global Carbon Steel Market, By Form, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Flat Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Long Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Tubular Products
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)

8. Global Carbon Steel Market, By Process, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Basic Oxygen Furnace (BOF)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Electric Arc Furnace (EAF)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)

9. Global Carbon Steel Market, By Treatment, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Cold Rolled
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Hot Rolled
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Galvanized
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Annealed
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)

10. Global Carbon Steel Market, By Application, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Tools
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Pipes & Tubes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Construction Hardware
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)
Structural
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032,(US$ Bn)

11. Global Carbon Steel Market, By Region, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, By Country, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, For Country 2021 -2032
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Carbon Content, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Form, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Process, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Treatment, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Carbon Content, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Form, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Process, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Treatment, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Carbon Content, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Form, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Process, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Treatment, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
  - Germany
  - U.K
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Carbon Content, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Form, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Process, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Treatment, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2020-2032,(US$ Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Carbon Content, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-Use Industry, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Form, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Process, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Treatment, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020-2032,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2020-2032,(US$ Bn)
  - GCC Countries
  - Israel
  - South Africa
  - North Africa
  - Central Africa
  - Rest of Middle East

12. Competitive Landscape

Nippon Steel & Sumitomo Metal Corporation (NSSMC)
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
POSCO
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Tata Steel
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Baowu Group (China Baowu Steel Group Corp.)
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
JFE Steel Corporation
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
JSW Steel
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
United States Steel Corporation (U.S. Steel)
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Shagang Group
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
Ansteel Group
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analysts' Views

13. Section

References
Research Methodology
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