PUBLISHER: The Business Research Company | PRODUCT CODE: 1927271
PUBLISHER: The Business Research Company | PRODUCT CODE: 1927271
Structural steel is a category of steel used in construction to support and shape buildings and infrastructure. It encompasses various shapes and sizes, such as beams, columns, and plates, designed to withstand specific loads and stresses. Its strength, durability, and versatility make it an essential material in structural engineering and construction.
The main types of structural steel are hot-rolled steel and cold-rolled steel. Hot-rolled steel is processed at high temperatures, typically above its recrystallization point, to achieve the desired shapes and properties. This method results in a material with enhanced strength and durability. Products include heavy sectional steel, light sectional steel, and rebar, and these are used in both residential and non-residential applications.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs have significantly influenced the structural steel market by increasing the cost of imported steel products and raw materials. Construction projects in north america and europe have been particularly affected due to reliance on global steel trade. These tariffs have raised project costs and delayed timelines. At the same time, tariffs are supporting domestic steel producers, boosting local capacity utilization, and encouraging regional steel manufacturing investments.
The structural steel market research report is one of a series of new reports from The Business Research Company that provides structural steel market statistics, including structural steel industry global market size, regional shares, competitors with a structural steel market share, detailed structural steel market segments, market trends and opportunities, and any further data you may need to thrive in the structural steel industry. This structural steel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The structural steel market size has grown strongly in recent years. It will grow from $115.82 billion in 2025 to $122.93 billion in 2026 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to urbanization growth, expansion of industrial buildings, availability of iron ore, government infrastructure spending, demand for durable construction materials.
The structural steel market size is expected to see strong growth in the next few years. It will grow to $154.05 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to smart city projects, green building initiatives, growth in modular construction, technological advances in steel processing, increased private sector investments. Major trends in the forecast period include rising demand from infrastructure development, growing use of prefabricated steel structures, expansion of high strength steel applications, increasing adoption in commercial construction, focus on sustainable steel production.
The rise in construction of residential and commercial infrastructure is expected to boost the growth of the structural steel market. Residential and commercial infrastructure encompasses the buildings and facilities that support housing and business activities, including homes, apartments, offices, retail spaces, and other essential structures. The growth in this sector is driven by smart city initiatives, strategic infrastructure planning, affordable housing projects, and sustainability efforts led by government bodies. Structural steel is crucial for these projects due to its strength and versatility, providing essential support and stability for building frameworks and large-scale construction efforts. For example, the US Census Bureau reported in August 2024 that the value of construction operations for residential projects in the US increased from $875.5 billion in June 2023 to $939.8 billion in June 2024, a 7.3% rise. Similarly, the value of non-residential construction operations grew from $1.15 trillion in June 2023 to $1.21 trillion in June 2024, a 5.3% increase. Thus, the growing construction of residential and commercial infrastructure is driving the expansion of the structural steel market.
Major companies operating in the structural steel market are emphasizing innovation in sustainable steel production, such as zero fossil-carbon emission solutions, to reduce environmental impact and support climate-neutral construction. Zero fossil-carbon emissions refer to the production of steel without generating fossil-derived operational carbon dioxide, typically achieved by using recycled steel and fossil-free energy sources. For instance, in March 2023, SSAB AB, a Sweden-based steel manufacturer, introduced SSAB Zero, a fossil-carbon-emission-free steel produced from recycled steel and fossil-free electricity without the use of carbon offsets. This innovative product delivers high-quality steel with mechanical performance comparable to conventional SSAB steels while significantly lowering operational emissions, representing a major advancement in sustainable steel technology.
In May 2024, Lainco Inc., a Canada-based structural project management firm, acquired Charpentes D'Acier Sofab Inc. for an undisclosed amount. This acquisition aims to position Lainco for continued success and growth in the structural steel sector, enhancing its ability to offer innovative solutions and maintain high service standards for a wider customer base. Charpentes D'Acier Sofab Inc. is a structural steel manufacturing company based in Canada.
Major companies operating in the structural steel market are Severstal, ArcelorMittal, POSCO, China Baowu, Nippon Steel, Thyssenkrupp, Nucor, JFE Steel, Tata Steel, U.S. Steel, JSW Steel, HBIS, Hyundai Steel, Ansteel, Voestalpine, Jiangsu Shagang, Gerdau, Evraz, SAIL, SSAB, British Steel
Asia-Pacific was the largest region in the structural steel market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the structural steel market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the structural steel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The structural steel market consists of sales of carbon steel, high-strength carbon steel, weathering steel, and fire-resistant steel. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Structural Steel Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses structural steel market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for structural steel ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The structural steel market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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