What is the current size and annual growth rate of the rolled and drawn steel market?
The rolled and drawn steel market size has grown strongly in recent years. It will grow from $273.88 billion in 2024 to $293.96 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to industrialization and infrastructure development, automotive industry growth, global economic expansion, urbanization trends, energy sector developments.
The rolled and drawn steel market size is expected to see strong growth in the next few years. It will grow to $365.53 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to renewable energy infrastructure, electric vehicles (EV) expansion, focus on sustainable construction, smart cities and IoT integration, stricter environmental regulations. Major trends in the forecast period include infrastructure investments, technological innovations in steel processing, technological advancements in steel production, industry 4.0 integration, digitalization of supply chains.
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How has the rolled and drawn steel market evolved, and what factors have shaped its growth?
The growing global automotive industry is expected to propel the growth of the rolled and drawn steel market in the coming future. The growing automotive industry is increasing the demand for automotive parts to maintain the interior and exterior look of the vehicle, improve longevity and the original quality of the vehicles, which in turn increases the demand for rolled and drawn steel. For instance, in December 2023, according to Marklines Co., a Japan-based advertising agency company, total car sales in the United States in 2023 accounted for 15,608,386 units which is a 12.3% increase from 13,905,195 units in 2022. Therefore, the growth in the automotive industry will drive the rolled and drawn steel market.
What are the major segments of the rolled and drawn steel market?
The rolled and drawn steel market covered in this report is segmented –
1) By Type: Color Coated Coil, Continuous Hot Dip Galvanized Steel Coil, Carbon Structural Steel Cold Rolled Coils, Deep Drawing Cold Rolled Coils
2) By Manufacturing Process: Basic Oxygen Furnace (BOF), Electric Arc Furnace (EAF)
3) By Application: Automotive, Construction, Home Appliance, Machinery, Other Applications
Subsegments:
1) By Color Coated Coil: Pre-Painted Galvanized Steel, Pre-Painted Aluminum
2) By Continuous Hot Dip Galvanized Steel Coil: Electro-Galvanized Steel, Hot-Dip Galvanized Steel
3) By Carbon Structural Steel Cold Rolled Coils: Cold Rolled Carbon Steel Sheets, Cold Rolled Carbon Steel Strips
4) By Deep Drawing Cold Rolled Coils: Deep Drawing Quality Sheets, Deep Drawing Quality Strips
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Which companies dominate the rolled and drawn steel market?
Major companies operating in the rolled and drawn steel market include KG Dongbu Steel Co Ltd., China Baowu Steel Group Corp Ltd., ArcelorMittal S.A., Pohang Iron and Steel Company, Nippon Steel Corporation, Baosteel Group Co, Jiangsu Shagang Group Co Ltd., ThyssenKrupp AG, Shougang Group Co Ltd., Nucor Corporation, Anyang Iron and Steel Group Co Ltd., JFE Holdings Inc., Jianlong Group, Tata Steel Limited, Ansteel Group, Hesteel Group Company Limited, JSW Steel Limited, Hyundai Steel Co Ltd., Maanshan Iron and Steel Company Limited, United States Steel Corporation, NLMK Group, Gerdau S.A., China Steel Corporation, BlueScope Steel Limited, Benxi Steel Group Corp Ltd., Steel Authority of India Limited, Hunan Valin Steel Co Ltd., Yieh Phui Enterprise, Rautaruukki Oyj, MST Steel Corp
How will evolving trends contribute to the growth of the rolled and drawn steel market?
Product innovation is the key trend gaining popularity in the rolled and drawn steel market. Major companies operating in the rolled and drawn steel market are focused on developing innovative products to strengthen their position in the market. For instance, in September 2022, United States Steel Corporation a US-based company launched ZMAG coated steel. Due to its zinc-aluminum-magnesium coating, it is more endured for environmental conditions which makes it more suitable for applications in solar, automotive, and construction sectors. The ZMAG coated steel is made using verdeX steel which contains up to 90% recycled steel content.
What are the key regional dynamics of the rolled and drawn steel market, and which region leads in market share?
The countries covered in the rolled and drawn steel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Rolled And Drawn Steel Market Report 2025 Offer?
The rolled and drawn steel market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Rolled and drawn steel refers to steel that is initially cast from hot, molten material as huge steel slabs or billets. The billets are then fired until they reach a temperature of over 1700°F. They are readily compressed into a lengthy sheet using a series of rollers at these elevated temperatures and are pulled through a succession of dies to create the required form.
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