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 (2023–2030), considering 2022 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
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America
• 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