The "Mining Steel Industry Market - A Global and Regional Analysis: Focus on End-User Application, Production Methodology, End Products, and Region - Analysis and Forecast, 2025-2035" has been added to ResearchAndMarkets.com's offering.
The global mining steel industry market, valued at $875.7 billion in 2024, is projected towards a 4.63% CAGR, reaching $1.45 trillion by 2035. Demand across construction, automotive, and infrastructure sectors fuels this growth. Complementing this trend is a shift towards sustainable practices with electric arc furnaces (EAF) and direct reduced iron (DRI) technologies, along with renewable energy adoption.
Key players like Umicore, ArcelorMittal, and thyssenkrupp AG invest significantly in modernization, capacity expansion, and innovation to meet surging global steel demand. This commitment supports sustainable steel production, including the development of recycled and green products. Technological advancements help minimize emissions and improve resource efficiency, making high-performance steel products a growing market segment.
Industry segmentation shows the building and construction sector dominating demand from 2025 to 2035, supported by rapid urbanization and large-scale infrastructure projects. The increased steel requirement is driven by its durable and flexible nature, critical for modern construction needs. Carbon steel, renowned for versatility and cost-effectiveness, leads the market in end-products, crucial for industries like construction and automotive.
The blast furnace-basic oxygen furnace (BF-BOF) process remains predominant due to its economic efficiency in high-volume production. Nevertheless, there exists a notable shift towards electric arc furnaces (EAF) aimed at sustainable solutions. Emerging technology investments address environmental concerns, aligning BF-BOF processes with carbon reduction and sustainability goals.
Regionally, the Asia-Pacific leads globally, driven by dominant steel producers like Baowu Steel Group and NIPPON STEEL CORPORATION, accounting for over 70% of global production. Market players are expanding locally and regionally to maintain competitive advantages amid rising steel demands.
Recent industry developments highlight strategic investments and collaborations. NIPPON Steel announced a $58.4 million expansion in Thailand to increase tinplate steel production, while Morocco pushes large-scale green projects for ammonia and steel production. The JFE Steel and JSW Steel joint venture marks another significant transformation, optimizing local production strategies.
Challenges persist with raw material price volatility impacting profitability. However, the burgeoning demand for specialty steel offers lucrative opportunities. High-strength, durable steels are indispensable for evolving industries like automotive and aerospace. Countries such as India are actively investing in specialty steel production, demonstrating the diversification within the sector.
To capitalize on these trends, market players engage in strategic collaborations, product innovations, and geographic expansions. Sustainable practices, along with specialty steel production, will underlie future market competitiveness and growth for companies in this dynamic global sector.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 260 |
| Forecast Period | 2025 - 2035 |
| Estimated Market Value (USD) in 2025 | $922.2 Billion |
| Forecasted Market Value (USD) by 2035 | $1450 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
Key Topics Covered:
Markets
-
Trends: Current and Future Impact Assessment
- Automation in Mining and Steel Production Processes
- Increased Demand from Emerging Markets
- Value Chain Analysis
- Patent Filing Trend (by Country, Company)
-
Market Drivers
- Urbanization and Infrastructure Growth
- Public-Private Investments in Infrastructure
-
Market Restraints
- Volatility in Raw Material Prices
- Geopolitical and Trade Tensions
-
Market Opportunities
- Growing Demand for Specialty Steel Products
- Technological Innovation in Steelmaking
-
Steel Production Scenario
- Production Capacity Outlook (2024-2034)
- Regulatory Landscape
- Stakeholder Analysis
- Installed Capacity by Production Process (Blast Furnace-BOF and DRI-EAF)
- Upcoming Projects and Capacity Additions (2025-2035)
- Ongoing Investments
- Scrap Recycling Market Overview
- Emission Reduction Initiatives (Mining Steel Industry Transition)
-
Green-Steel Market Outlook
- Market Size and Growth Forecast (2024-2034)
- Impact of Green Steel on Conventional Steel Market
- Challenges and Enablers for Green-Steel Adoption
- Key Green-Steel Projects and Initiatives
Application
- Application Segmentation
- Application Summary
-
Global Mining Steel Industry Market (by End-Use Application)
- Transportation (Automotive and Other Transportation)
- Building, Construction, and Infrastructure
- Industrial Equipment and Manufacturing
- Consumer Goods and Appliances
- Packaging
- Others
Products
- Product Segmentation
- Product Summary
-
Global Mining Steel Industry Market (by Production Methodology)
- Blast Furnace - Basic Oxygen Furnace (BF-BOF)
- Direct Reduced Iron - Electric Arc Furnace (DRI-EAF)
- Other Emerging Technologies
-
Global Mining Steel Industry Market (by End-Products)
- Carbon Steel
- Alloy Steel
- Stainless Steel
- High-Strength Steel
- Others
Regions
-
Regional Summary
- North America
- Europe
- Asia-Pacific
- Rest-of-the-World
Markets - Competitive Benchmarking and Company Profiles
- ArcelorMittal
- thyssenkrupp
- Nippon Steel Corporation
- China Ansteel Group Corporation
- China Jianlong Steel Industriai Co Ltd.
- Salzgitter AG
- Tata Steel
- JSW
- JFE Steel Corporation
- Nucor Corporation
- Shandong Lenser materials Co.
- Hyundai Steel
- Jindal Steel & Power Limited
- SAIL
- Cleveland-Cliffs Inc.
For more information about this report visit https://www.researchandmarkets.com/r/cuaaxc
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250502320514/en/
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