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采矿和钢铁行业市场 - 全球和区域分析：按最终用户应用、生产方法、最终产品和区域 - 分析和预测（2025-2035 年）
市场调查报告书
商品编码
1714081

采矿和钢铁行业市场 - 全球和区域分析：按最终用户应用、生产方法、最终产品和区域 - 分析和预测（2025-2035 年）

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
出版日期: | 出版商: BIS Research | 英文 260 Pages | 商品交期: 1-5个工作天内

价格

预计2024年全球矿业和钢铁业市场规模将达8,757亿美元。

预计到 2035 年市场规模将达到 14,503 亿美元，复合年增长率为 4.63%。这一增长是由建筑、汽车和基础设施等各个领域对钢铁的需求不断增长所推动的。随着产业转向更永续的做法，例如采用电弧炉 (EAF) 和直​​接还原铁 (DRI) 技术以及使用可再生能源，市场得到了进一步加强。此外，为了满足日益增长的钢铁生产需求，对铁矿石和冶金煤等原材料的需求不断增长，推动了对采矿业务和炼钢工艺技术创新的投资。由于转向更有效率的炼钢工艺，预计未来几年全球采矿和钢铁业将继续扩张。

主要市场统计数据
预测期 2025-2035
2025年评估 9222亿美元
2035年的预测 14503亿美元
复合年增长率 4.63%

全球采矿和钢铁业市场在钢铁生产中发挥着至关重要的作用，钢铁是建筑、汽车、能源和基础设施等各个领域使用的基本材料。推动市场发展的因素包括：对钢铁产品的需求不断增长；对永续钢铁（包括再生钢铁和绿色钢铁）的兴趣日益浓厚；以及钢铁生产效率的提高。电弧炉（EAF）、直接还原铁（DRI）製程和再生能源来源的使用等技术进步正在帮助钢铁製造商减少排放并提高资源效率。在高性能钢铁产品需求以及脱碳和循环经济原则的推动下，全球矿业钢铁业市场预计将经历持续的成长和创新。

随着各行业对钢铁产品的需求不断增加，全球采矿和钢铁业市场正经历强劲成长。钢铁因其多功能性、强度和在製造业中的关键作用，继续成为经济发展的重要材料。该市场的特点是生产技术的进步，提高了效率，降低了成本，并增强了钢铁的整体品质。市场的主要参与企业正在进行大量投资，以实现生产流程现代化、扩大生产能力并实施创新解决方案以满足日益增长的需求。随着全球基础设施建设的持续进行，预计采矿钢铁业市场将持续成长，这得益于新兴市场和已开发经济体持续的工业扩张。

全球矿业和钢铁业市场对工业领域有重大影响，影响建筑、汽车、基础设施和能源等广泛领域。作为基本原料生产的主要参与企业，采矿和钢铁业市场推动了生产技术和供应链效率的进步。对高强度、高品质钢铁产品的需求不断增长，推动了对自动化、先进冶炼工艺和特殊钢材开发的投资增加。

全球矿业和钢铁业的主要参与者包括优美科、安赛乐米塔尔、蒂森克虏伯股份公司、新日本製铁株式会社、中国鞍钢集团有限公司、中国建龙钢材有限公司、萨尔茨吉特股份公司、塔塔钢铁、JSW、JFE钢铁主要企业、纽柯、山森东伦克利夫、现代钢铁公司、塔塔钢铁公司、SA、金达尔钢铁有限公司。透过策略伙伴关係、协作和技术进步，这些公司正在增强自身能力，以提高矿业钢铁业在充满挑战的环境中復原力和绩效。这些公司持续的研发投入正在推动市场成长，同时支持永续采矿钢铁业的更广泛趋势。

预计建筑业将在 2025 年至 2035 年期间推动采矿钢铁市场的成长。随着快速都市化、基础设施发展和全球人口的成长，对钢铁的需求将大幅增加。钢材的耐用性、柔韧性和强度使得其在建筑中发挥关键作用，成为住宅、桥樑和高层建筑的主要材料。此外，政府对大型基础建设计划的投资，尤其是新兴经济体的政府投资，可能会刺激钢铁消费。

从长远来看，对绿色建筑和环保基础设施等永续建筑实践的重视程度不断提高，可能会进一步刺激对低碳钢的需求。钢铁生产领域的创新，例如「绿色钢铁」的开发，将满足这些环境目标，并使低碳钢成为首选钢材。随着全球基础设施建设的持续推进，建筑业将继续成为主导产业，在整个预测期内推动采矿业和钢铁业市场的成长。

预计在预测期内，即 2025 年至 2035 年，高炉-碱性氧气转炉 (BF-BOF) 製程将主导采矿钢铁业市场。这种传统的炼钢方法仍然是最广泛使用的方法，因为它可以以较低的营运成本生产大量的钢。 BF-BOF 製程因能有效利用铁矿石、焦炭和石灰石来生产高品质钢材而受到青睐，尤其适用于建筑、汽车和基础设施领域。

儘管出于永续性的原因，人们正在不断向电弧炉 (EAF) 转变，但由于其完善的基础设施、可靠的生产量和规模经济，高炉转炉仍然至关重要。新兴市场对钢铁的持续需求以及旨在减少 BF-BOF 製程中碳排放的技术进步可能会保持 BF-BOF 的市场领先地位。此外，碳捕获技术的采用和炉子设计的改进有望提高该方法的环境性能，确保其在钢铁生产行业中的主导地位。

预计碳钢将在 2025-2035 年预测期内引领采矿钢铁业市场，因为它具有多功能性、成本效益和广泛的应用范围。作为建筑、汽车和基础设施产业的支柱，碳钢将继续推动市场需求。它的强度、耐用性和延展性使其成为采矿作业中使用的重型结构、机械和设备的理想选择。

此外，工业现代化和基础设施发展的趋势（特别是在新兴市场）可能会刺激对碳钢的需求。电弧炉和回收创新等生产方法的技术进步使碳钢碳钢更加永续，并增强了其优越性。此外，碳钢具有多种等级和形状，可满足不同的工业需求，确保其在采矿业中持续发挥作用。随着全球建筑和采矿活动投资的不断增加，碳钢将继续成为首选材料，并确保其在 2025-2035 年预测期内的市场主导。

亚太地区在全球采矿和钢铁业市场占据主导地位，预计在预测期内（即 2025-2035 年）仍将保持主导地位。该地区拥有多家钢铁製造商，包括宝武钢铁集团、新日铁、JFE钢铁、塔塔钢铁和浦项製铁。根据世界钢铁协会统计，亚太地区钢铁产量占全球总量的70%以上。安赛乐米塔尔、塔塔钢铁、中国宝武钢铁集团有限公司、浦项製铁和新日铁等多家矿业钢铁製造商在亚太地区占有重要地位，并正在进一步扩大生产设施，以加强其在竞争激烈的矿业钢铁业市场中的地位。

全球采矿和钢铁业市场的最新趋势

  • 2025年4月，日本钢铁製造商新日铁公司宣布，将透过其位于泰国的子公司NS-Siam United Steel Co., Ltd.投资约5,840万美元，扩大其电镀生产线（EPL）产能。这项投资旨在满足用于容器製造的马口铁钢日益增长的需求。此次扩建旨在将EPL 1号和2号生产线的年生产能力从28万吨提高到35万吨。预计2027年3月完工。
  • 2025年3月，摩洛哥政府核准了几个价值3,276万美元的大型绿色计划，旨在生产氨、钢铁和工业燃料。该财团由阿联酋的 Taqa 和西班牙的 Cepsa 牵头，旨在专注于生产绿色氨和工业燃料，而摩洛哥的 Nareva 将投资绿色钢铁和工业燃料生产计划。总部位于沙乌地阿拉伯的阿夸电力公司 (Akwa Power) 将参与绿色钢铁的生产。
  • 2025年1月，蒂森克虏伯完成了其印度电工钢业务蒂森克虏伯电工钢印度私人有限公司的出售。该交易由印度最大的钢铁製造商JSW钢铁有限公司与日本JFE钢铁公司组成合资企业完成。该工厂位于印度纳西克，生产用于变压器和高性能发电机的取向电工钢。售价约4.798亿美元，从德国到印度的高昂运输成本使得该工厂长期缺乏竞争力。此次资产剥离增强了蒂森克虏伯的资本地位，并符合其策略目标。

都市化和基础设施成长是矿业钢铁业市场的主要驱动力，大大推动了钢铁需求。随着城市扩张和经济工业化，对钢铁的需求变得至关重要，以支持道路、桥樑、建筑和能源工厂等基础设施计划。钢铁的强度、耐用性和多功能性使其成为现代都市化和基础设施发展的首选材料。钢铁直接影响钢铁生产所用原料（如铁矿石和煤炭）的需求。需求的成长将刺激采矿业和钢铁製造业的发展，并扩大全球的生产能力。

许多行业已经从快速的都市化趋势中获益。印度和中国等国家正大力投资建筑、运输和能源领域。中国的「一带一路」倡议正在推动大量钢铁消费，以支持公路、铁路和港口的发展。在非洲，尼日利亚和南非等国家正在进行大规模基础设施投资，以满足不断增长的城市人口，进一步增加了对钢铁的需求。

原物料价格波动直接影响钢铁企业的成本结构和盈利，为矿业和钢铁业带来重大挑战。铁矿石、煤炭、废钢等主要原料价格波动，导致生产成本难以预测，钢铁企业难以维持稳定的利润率。这种价格波动主要是由于全球供应链中断、地缘政治因素以及关键产业需求变化所致，这为生产和投资策略依赖稳定定价的生产者创造了一个动盪的环境。

近年来，采矿和钢铁业经历了大幅价格波动，主要受地缘政治不确定性和全球经济变化的影响。例如，受中国建筑业蓬勃发展以及巴西供应受限预期的推动，铁矿石价格在 2021 年创下历史新高。但随着需求减弱和全球钢铁产量放缓，2022 年价格已经下跌。这些价格波动给钢铁製造商带来了巨大的压力，迫使他们不断调整定价和生产策略，以应对原物料成本上涨和下跌的财务影响。安赛乐米塔尔和塔塔钢铁等公司正在努力将原材料成本上涨转嫁给客户，从而影响了盈利。

特殊钢产品需求的不断增长为采矿业和钢铁业带来了巨大的机会。随着汽车、航太和能源等行业的发展，对具有高强度、耐久性和耐恶劣条件等特定性能的先进钢材的需求日益增加。特种钢（包括高合金钢、工具钢和不銹钢）的需求量很大，因为它们能够满足需要精度和可靠性的领域的严格性能标准。

抓住这一机会，各国纷纷投入巨资，大力发展特种钢产品生产。例如，印度于2025年1月启动了特殊钢生产挂钩激励（PLI）计画的第二阶段，预算约为7.374亿美元。修订后的方案引入了一些变化以吸引更多的工业参与，包括降低轧延粒状钢（CRGO）的投资和产能基准值，允许结转过剩产能以获得奖励，以及降低产能扩张所需的最低投资。

产品/创新策略：全球采矿和钢铁行业市场根据各种应用、生产方法和最终产品进行细分，提供了有价值的见解。最终用途领域包括运输（汽车和其他运输）、建筑、施工和基础设施、消费品和家电、工业设备和製造、包装和其他。依生产方法分为高炉-碱性氧气转炉（BF-BOF）、直接还原铁-电弧炉（DRI-EAF）及其他新兴技术。最后，最终产品包括碳钢、合金钢、不銹钢、高强度钢等。

成长/行销策略：全球采矿和钢铁业市场持续成长。该市场为现有和新兴市场参与企业提供了巨大的机会。本部分涵盖的策略包括併购、产品推出、合作伙伴关係、业务扩展和投资。公司维持和加强市场地位所采用的策略主要涉及产品开发。

竞争策略：本研究分析介绍的全球矿业钢铁主要企业概况包括矿业和钢铁业的专业人士。此外，包括伙伴关係、协议和合作在内的全面竞争格局有望帮助读者了解市场中尚未开发的收益来源。

本报告研究了全球采矿和钢铁行业市场，并概述了市场以及最终用户应用、生产方法、最终产品和地区的趋势，以及参与市场的公司概况。

目录

执行摘要

第一章 市场

  • 趋势：现况与未来影响评估
  • 供应链概览
  • 专利申请趋势（按国家和公司）
  • 市场动态概览
  • 钢铁生产情景
  • 绿色钢铁市场展望

第二章 应用

  • 应用程式细分
  • 使用摘要
  • 全球采矿和钢铁业市场（最终用途）
    • 交通运输（汽车及其他交通运输）
    • 建筑、施工和基础设施
    • 工业设备和製造
    • 消费品和家用电器
    • 包装
    • 其他的

第三章 产品

  • 产品细分
  • 产品摘要
  • 全球采矿和钢铁业市场（生产方式）
  • 全球采矿和钢铁业市场（按最终产品）

第四章 区域

  • 区域摘要
  • 北美洲
  • 欧洲
  • 亚太地区
  • 其他地区

第五章 市场竞争基准化分析与公司概况

  • 未来展望
  • 地理评估
  • 公司简介
    • ArcelorMittal
    • thyssenkrupp AG
    • NIPPON STEEL CORPORATION
    • China Ansteel Group Corporation Limited
    • China Jianlong Steel Industriai Co Ltd.
    • Salzgitter AG
    • Tata Steel
    • JSW
    • JFE Steel Corporation
    • Nucor Corporation
    • Shandong Lenser materials Co.,LTD.
    • HYUNDAI STEEL
    • Jindal Steel & Power Limited
    • SAIL
    • Cleveland-Cliffs Inc.

第六章调查方法

Product Code: MC02781SA

Global Mining Steel Industry Market Overview

The global mining steel industry market was valued at $875.7 billion in 2024 and is projected to grow at a CAGR of 4.63%, reaching $1,450.3 billion by 2035. This growth has been driven by the increasing demand for steel across various sectors, including construction, automotive, and infrastructure. The market is further strengthened by the industry's shift toward more sustainable practices, such as adopting electric arc furnaces (EAF), direct reduced iron (DRI) technologies, and using renewable energy sources. Additionally, the growing need for raw materials, including iron ore and coking coal, to meet the escalating demand for steel production has been driving investment in mining operations and technological innovations within the steel manufacturing process. The transition to a more efficient steelmaking process positions the global mining steel industry for continued expansion in the years ahead.

Introduction to the Global Mining Steel Industry Market

KEY MARKET STATISTICS
Forecast Period2025 - 2035
2025 Evaluation$922.2 Billion
2035 Forecast$1,450.3 Billion
CAGR4.63%

The global mining steel industry market plays a critical role in the production of steel, which is a foundational material used across various sectors such as construction, automotive, energy, and infrastructure. The market has been driven by the growing demand for steel products and the increasing focus on sustainable steel including recycled and green steel and efficiency in steel production. Advances in technologies, such as electric arc furnaces (EAF), direct reduced iron (DRI) processes, and the use of renewable energy sources, are helping steel manufacturers reduce emissions and improve resource efficiency. The demand for high-performance steel products and the push for decarbonization and circular economy principles position the global mining steel industry market for continued growth and innovation.

Mining Steel Industry Market Introduction

The global mining steel industry market has been experiencing robust growth as demand for steel products continues to rise across various industries. Steel remains a critical material for economic development, driven by its versatility, strength, and essential role in manufacturing. The market is characterized by advancements in production technologies, which are improving efficiency, reducing costs, and increasing the overall quality of steel. Key players in the market are investing heavily in modernizing their production processes, expanding their capacity, and adopting innovative solutions to meet the growing demand. As global infrastructure development continues, the mining steel industry market is set to experience sustained growth, driven by both emerging markets and continued industrial expansion in developed economies.

Mining Steel Industry Market: Industrial Impact

The industrial impact of the global mining steel industry market is vast, influencing a wide range of sectors such as construction, automotive, infrastructure, and energy. As a key player in the production of essential raw materials, the mining steel industry market has been driving advancements in production technologies and enhancing supply chain efficiencies. The growing demand for high-strength and high-quality steel has led to increased investments in automation, advanced smelting processes, and the development of specialized steel grades.

The companies involved in the global mining steel industry market include major industry players such as Umicore, ArcelorMittal, thyssenkrupp AG, NIPPON STEEL CORPORATION, China Ansteel Group Corporation Limited, China Jianlong Steel Industriai Co Ltd., Salzgitter AG, Tata Steel, JSW, JFE Steel Corporation, Nucor Corporation, Shandong Lenser materials Co., LTD., HYUNDAI STEEL, Jindal Steel & Power Limited, SAIL, and Cleveland-Cliffs Inc. These companies are enhancing their capabilities through strategic partnerships, collaborations, and technology advancements to improve the resilience and performance of the mining steel industry in demanding environments. Their continued research and development investments drive the market's growth while supporting the broader trends in the sustainable mining steel industry.

Mining Steel Industry Market Segmentation:

Segmentation 1: by End-Use Application

  • Transportation (Automotive and Other Transportation)
  • Building, Construction, and Infrastructure
  • Consumer Goods and Appliances
  • Industrial Equipment and Manufacturing
  • Packaging
  • Others

Building and Construction to Lead the Mining Steel Industry Market (by End-Use Application)

The building and construction sector is expected to be the leading driver of growth in the mining steel industry market from 2025 to 2035. With rapid urbanization, infrastructure development, and rising global population, steel demand will increase significantly. Due to its durability, flexibility, and strength, Steel's essential role in construction positions it as a key material for housing, bridges, and skyscrapers. Moreover, governments' investments in large-scale infrastructure projects, especially in emerging economies, will boost steel consumption.

In the long term, the emphasis on sustainable construction practices, including green buildings and eco-friendly infrastructure, will further fuel demand for low-carbon steel. Innovations in steel production technologies, such as the development of "green steel," will align with these environmental goals, making it a preferred choice. As the global push for infrastructure development continues, building and construction will remain the dominant sector, propelling the growth of the mining steel industry market throughout the forecast period.

Segmentation 2: by Production Methodology

  • Blast Furnace-Basic Oxygen Furnace (BF-BOF)
  • Direct Reduced Iron - Electric Arc Furnace (DRI-EAF)
  • Other Emerging Technologies

Blast Furnace-Basic Oxygen Furnace (BF-BOF) to Lead the Mining Steel Industry Market (by Production Methodology)

The blast furnace-basic oxygen furnace (BF-BOF) process is expected to dominate the mining steel industry market during the forecast period from 2025 to 2035. This traditional steelmaking method continues to be the most widely used due to its ability to produce large volumes of steel at lower operational costs. The BF-BOF process is favored for its efficiency in utilizing iron ore, coke, and limestone to produce high-quality steel, particularly for construction, automotive, and infrastructure sectors.

Despite the increasing shift toward electric arc furnaces (EAF) for sustainability, BF-BOF remains integral due to its established infrastructure, reliable output, and economies of scale. The continued demand for steel in emerging markets and technological advancements aimed at reducing carbon emissions in the BF-BOF process will maintain its market leadership. Furthermore, the adoption of carbon capture technologies and improvements in furnace design are expected to enhance the environmental performance of this method, ensuring its dominance in the steel production industry.

Segmentation 3: by End Products

  • Carbon Steel
  • Alloy Steel
  • Stainless Steel
  • High-Strength Steel
  • Others

Carbon Steel to Lead the Mining Steel Industry Market (by End-Products)

Carbon steel is expected to lead the mining steel industry market during the forecast period of 2025-2035 due to its versatile properties, cost-effectiveness, and widespread applications. As the backbone of the construction, automotive, and infrastructure industries, carbon steel continues to drive market demand. Its strength, durability, and malleability make it ideal for heavy-duty structures, machinery, and equipment used in mining operations.

Moreover, the ongoing trend toward industrial modernization and infrastructural development, particularly in emerging markets, will boost the demand for carbon steel. Technological advancements in production methods, such as electric arc furnaces and innovations in recycling, are making carbon steel production more sustainable, contributing to its dominance. Additionally, carbon steel's ability to be used in various grades and forms caters to diverse industry needs, ensuring its continued relevance in the mining sector. With increasing investments in construction and mining activities globally, carbon steel is positioned to remain the preferred material, securing its market leadership over the forecast period 2025-2035.

Segmentation 4: by Region

  • North America: U.S., Canada, and Mexico
  • Europe: Germany, France, Austria, Italy, U.K., Rest-of-Europe
  • Asia-Pacific: China, Japan, India, South Korea, Australia, Rest-of-Asia-Pacific
  • Rest-of-the-World: Middle East and Africa, South America

The Asia-Pacific region dominated the global mining steel industry market and is expected to maintain dominance over the forecast period from 2025 to 2035. The region is home to multiple steel producers, including Baowu Steel Group, Nippon Steel, JFE Steel, Tata Steel, and POSCO. According to the World Steel Association, the Asia-Pacific region accounts for more than 70% of the total global steel production. Various mining steel industry manufacturers, such as ArcelorMittal, Tata Steel, China Baowu Steel Group Corporation Limited, POSCO, and Nippon Steel, have a strong presence in the Asia-Pacific region and are further expanding their production facilities to enhance their market positions in the competitive mining steel industry market.

Recent Developments in the Global Mining Steel Industry Market

  • In April 2025, Japan steelmaker NIPPON STEEL CORPORATION announced an investment of approximately $58.4 million through its Thailand-based subsidiary NS-Siam United Steel Co., Ltd. to expand the capacity of its electric plating line (EPL). This investment aims to meet the growing demand for tinplate steel used in container manufacturing. The expansion aims to increase the annual production capacity of EPL lines Nos. 1 and 2 from 280,000 metric tons to 350,000 metric tons. The project is scheduled for completion by March 2027.
  • In March 2025, the government of Morocco approved several large-scale green projects worth $32.76 million aimed at producing ammonia, steel, and industrial fuel. A consortium led by U.A.E.-based Taqa and Spain-based Cepsa aims to focus on producing green ammonia and industrial fuel, while Morocco's Nareva will invest in a project for green steel and industrial fuel production. Saudi Arabia-based Acwa Power is expected to be involved in producing green steel.
  • In January 2025, thyssenkrupp completed the sale of its India electrical steel business, thyssenkrupp Electrical Steel India Private Ltd. The transaction was closed with a joint venture between India's largest steelmaker, JSW Steel Limited, and Japan's JFE Steel Corporation. Located in Nashik, India, the plant produces grain-oriented electrical steel used in transformers and high-performance generators. The sale, valued at approximately $479.8 million, was driven by high transportation costs from Germany to India, making the site uncompetitive in the long term. The sale strengthens thyssenkrupp's capital base and aligns with its strategic goals.

Mining Steel Industry Market Demand - Drivers, Limitations, and Opportunities

Mining Steel Industry Market Drivers: Urbanization and Infrastructure Growth

Urbanization and infrastructure growth are key drivers in the mining steel industry market, driving significant demand for steel. As cities expand and economies industrialize, the need for steel to support infrastructure projects such as roads, bridges, buildings, and energy plants becomes essential. Steel's strength, durability, and versatility make it the material of choice for modern urbanization and infrastructure development. It directly influences the demand for raw materials used in steel production, such as iron ore and coal. This increased demand stimulates both mining and steel manufacturing sectors, expanding production capacities worldwide.

Several industries have already capitalized on the trend of rapid urbanization. In countries such as India and China, substantial investments are being made in the construction, transportation, and energy sectors. China's Belt and Road Initiative has been driving significant steel consumption to support the development of roads, railways, and ports. In Africa, nations such as Nigeria and South Africa are making major infrastructure investments to accommodate their growing urban populations, further increasing steel demand.

Mining Steel Industry Market Challenges: Volatility in Raw Material Prices

Volatility in raw material prices poses a significant challenge to the mining steel industry, directly impacting steel manufacturers' cost structure and profitability. Fluctuations in the prices of key raw materials such as iron ore, coal, and scrap steel can lead to unpredictable production costs, making it difficult for steel producers to maintain stable profit margins. This price volatility is largely driven by global supply chain disruptions, geopolitical factors, and shifts in demand from key industries, creating an unstable environment for producers who rely on consistent pricing to plan production and investment strategies.

In recent years, the mining steel industry has experienced significant price volatility, driven largely by geopolitical uncertainties and shifts in the global economy. For example, in 2021, iron ore prices hit record highs, driven by China's booming construction sector and anticipated supply constraints from Brazil. However, in 2022, prices fell as demand weakened and global steel production decelerated. These price fluctuations have placed considerable pressure on steel producers, forcing them to constantly adapt their pricing and production strategies to manage the financial impact of rising or falling raw material costs. Companies such as ArcelorMittal and Tata Steel have struggled to pass on higher raw material expenses to customers, impacting their profitability.

Mining Steel Industry Market Opportunities: Growing Demand for Specialty Steel Products

The growing demand for specialty steel products presents a significant opportunity for the mining and steel industry. As industries such as automotive, aerospace, and energy evolve, the need for advanced steel products with specific properties, such as high strength, durability, and resistance to extreme conditions, has increased. Specialty steels, including high-alloy steels, tool steels, and stainless steels, are in high demand due to their ability to meet stringent performance standards in sectors that require precision and reliability.

In response to this opportunity, countries have been making substantial investments in the production of specialty steel products. For instance, in January 2025, India launched the second phase of its production linked incentive (PLI) scheme for specialty steel, with a budget of approximately $737.4 million. The revised scheme introduces changes to attract more industry participation, such as lowering investment and capacity thresholds for cold-rolled grain-oriented (CRGO) steel, allowing for the carry-forward of excess production to subsequent years for claiming incentives and reducing the minimum investment required for capacity augmentation.

How can this report add value to an organization?

Product/Innovation Strategy: The global mining steel industry market is segmented based on various applications, production methodology, and end-products, which provides valuable insights. By end-use application segment includes transportation (automotive and other transportation), building, construction, and infrastructure, consumer goods and appliances, industrial equipment and manufacturing, packaging, and others. By production methodology, the market is categorized into a blast furnace-basic oxygen furnace (BF-BOF), direct reduced iron-electric arc furnace (DRI-EAF), and other emerging technologies. Lastly, the end products include carbon steel, alloy steel, stainless steel, high-strength steel, and others.

Growth/Marketing Strategy: The global mining steel industry market has been growing. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include product development.

Competitive Strategy: The key players in the global mining steel industry market analyzed and profiled in the study include professionals with expertise in the mining and steel industry. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.

Research Methodology

Factors for Data Prediction and Modelling

  • The base currency considered for the market analysis is US$. Currencies other than the US$ have been converted to the US$ for all statistical calculations, considering the average conversion rate for that particular year.
  • The currency conversion rate was taken from the historical exchange rate on the Oanda website.
  • Nearly all the recent developments from January 2022 to March 2025 have been considered in this research study.
  • The information rendered in the report is a result of in-depth primary interviews, surveys, and secondary analysis.
  • Where relevant information was not available, proxy indicators and extrapolation were employed.
  • Any economic downturn in the future has not been taken into consideration for the market estimation and forecast.
  • Technologies currently used are expected to persist through the forecast with no major technological breakthroughs.

Market Estimation and Forecast

This research study involves the usage of extensive secondary sources, such as certified publications, articles from recognized authors, white papers, annual reports of companies, directories, and major databases to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global mining steel industry market.

The market engineering process involves the calculation of the market statistics, market size estimation, market forecast, market crackdown, and data triangulation (the methodology for such quantitative data processes is explained in further sections). The primary research study has been undertaken to gather information and validate the market numbers for segmentation types and industry trends of the key players in the market.

Primary Research

The primary sources involve industry experts from the global mining steel industry market and various stakeholders in the ecosystem. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

The key data points taken from primary sources include:

  • validation and triangulation of all the numbers and graphs
  • validation of reports segmentation and key qualitative findings
  • understanding the competitive landscape
  • validation of the numbers of various markets for market type
  • percentage split of individual markets for geographical analysis

Secondary Research

This research study of the global mining steel industry market involves the usage of extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global market. In addition to the aforementioned data sources, the study has been undertaken with the help of other data sources and websites, such as IRENA and IEA.

Secondary research was done in order to obtain crucial information about the industry's value chain, revenue models, the market's monetary chain, the total pool of key players, and the current and potential use cases and applications.

The key data points taken from secondary research include:

  • segmentations and percentage shares
  • data for market value
  • key industry trends of the top players of the market
  • qualitative insights into various aspects of the market, key trends, and emerging areas of innovation
  • quantitative data for mathematical and statistical calculations

Key Mining Steel Industry Market Players and Competition Synopsis

The companies that are profiled in the global mining steel industry market have been selected based on inputs gathered from primary experts who have analyzed company coverage, product portfolio, and market penetration.

Some of the prominent names in this market are:

  • ArcelorMittal
  • thyssenkrupp AG
  • NIPPON STEEL CORPORATION
  • China Ansteel Group Corporation Limited
  • China Jianlong Steel Industriai Co Ltd.
  • Salzgitter AG
  • Tata Steel
  • JSW
  • JFE Steel Corporation
  • Nucor Corporation
  • Shandong Lenser materials Co.,LTD.
  • HYUNDAI STEEL
  • Jindal Steel & Power Limited
  • SAIL
  • Cleveland-Cliffs Inc.

Companies not part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).

Table of Contents

Executive Summary

Scope and Definition

1 Markets

  • 1.1 Trends: Current and Future Impact Assessment
    • 1.1.1 Automation in Mining and Steel Production Processes
    • 1.1.2 Increased Demand from Emerging Markets
  • 1.2 Supply Chain Overview
    • 1.2.1 Value Chain Analysis
      • 1.2.1.1 Key Iron Ore Producing Nations and Mining Capacity
      • 1.2.1.2 Key Coking Coal Exporting Nations
    • 1.2.2 Supply Chain Constraints
    • 1.2.3 Impact of Geopolitical Issues on Steel Production
    • 1.2.4 Trump's Impact on U.S. Steel Imports and Exports
    • 1.2.5 Pricing Analysis
    • 1.2.6 Market Map (Stakeholder Mapping across Value Chain)
  • 1.3 Patent Filing Trend (by Country, Company)
  • 1.4 Market Dynamics Overview
    • 1.4.1 Market Drivers
      • 1.4.1.1 Urbanization and Infrastructure Growth
      • 1.4.1.2 Public-Private Investments in Infrastructure
    • 1.4.2 Market Restraints
      • 1.4.2.1 Volatility in Raw Material Prices
      • 1.4.2.2 Geopolitical and Trade Tensions
    • 1.4.3 Market Opportunities
      • 1.4.3.1 Growing Demand for Specialty Steel Products
      • 1.4.3.2 Technological Innovation in Steelmaking
  • 1.5 Steel Production Scenario
    • 1.5.1 Production Capacity Outlook (2024-2034)
    • 1.5.2 Regulatory Landscape
    • 1.5.3 Stakeholder Analysis
    • 1.5.4 Installed Capacity by Production Process (Blast Furnace-BOF and DRI-EAF)
    • 1.5.5 Upcoming Projects and Capacity Additions (2025-2035)
    • 1.5.6 Ongoing Investments
    • 1.5.7 Scrap Recycling Market Overview
    • 1.5.8 Emission Reduction Initiatives (Mining Steel Industry Transition)
  • 1.6 Green-Steel Market Outlook
    • 1.6.1 Market Size and Growth Forecast (2024-2034)
    • 1.6.2 Impact of Green Steel on Conventional Steel Market
    • 1.6.3 Challenges and Enablers for Green-Steel Adoption
    • 1.6.4 Key Green-Steel Projects and Initiatives

2 Application

  • 2.1 Application Segmentation
  • 2.2 Application Summary
  • 2.3 Global Mining Steel Industry Market (by End-Use Application)
    • 2.3.1 Transportation (Automotive and Other Transportation)
    • 2.3.2 Building, Construction, and Infrastructure
    • 2.3.3 Industrial Equipment and Manufacturing
    • 2.3.4 Consumer Goods and Appliances
    • 2.3.5 Packaging
    • 2.3.6 Others

3 Products

  • 3.1 Product Segmentation
  • 3.2 Product Summary
  • 3.3 Global Mining Steel Industry Market (by Production Methodology)
    • 3.3.1 Blast Furnace - Basic Oxygen Furnace (BF-BOF)
    • 3.3.2 Direct Reduced Iron - Electric Arc Furnace (DRI-EAF)
    • 3.3.3 Other Emerging Technologies
  • 3.4 Global Mining Steel Industry Market (by End-Products)
    • 3.4.1 Carbon Steel
    • 3.4.2 Alloy Steel
    • 3.4.3 Stainless Steel
    • 3.4.4 High-Strength Steel
    • 3.4.5 Others

4 Regions

  • 4.1 Regional Summary
  • 4.2 North America
    • 4.2.1 Markets
      • 4.2.1.1 Key Market Participants in North America
      • 4.2.1.2 Driving Factors for Market Growth
      • 4.2.1.3 Factors Challenging the Market
    • 4.2.2 Application
    • 4.2.3 Product
    • 4.2.4 Mining-Steel Industry Production Scenario
    • 4.2.5 North America (by Country)
      • 4.2.5.1 U.S.
        • 4.2.5.1.1 Application
        • 4.2.5.1.2 Product
        • 4.2.5.1.3 Installed Capacity and Production by Process
          • 4.2.5.1.3.1 Upcoming Projects
          • 4.2.5.1.3.2 Ongoing Investments
          • 4.2.5.1.3.3 Scrap Recycling Overview
        • 4.2.5.1.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.2.5.1.4.1 Consumption by Key Companies
          • 4.2.5.1.4.2 Import Locations/Countries
      • 4.2.5.2 Canada
        • 4.2.5.2.1 Application
        • 4.2.5.2.2 Product
        • 4.2.5.2.3 Installed Capacity and Production by Process
          • 4.2.5.2.3.1 Upcoming Projects
          • 4.2.5.2.3.2 Ongoing Investments
          • 4.2.5.2.3.3 Scrap Recycling Overview
        • 4.2.5.2.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.2.5.2.4.1 Consumption by Key Companies
          • 4.2.5.2.4.2 Import Locations/Countries
      • 4.2.5.3 Mexico
        • 4.2.5.3.1 Application
        • 4.2.5.3.2 Product
        • 4.2.5.3.3 Installed Capacity and Production by Process
          • 4.2.5.3.3.1 Upcoming Projects
          • 4.2.5.3.3.2 Ongoing Investments
          • 4.2.5.3.3.3 Scrap Recycling Overview
        • 4.2.5.3.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.2.5.3.4.1 Consumption by Key Companies
          • 4.2.5.3.4.2 Import Locations/Countries
  • 4.3 Europe
    • 4.3.1 Markets
      • 4.3.1.1 Key Market Participants in Europe
      • 4.3.1.2 Driving Factors for Market Growth
      • 4.3.1.3 Factors Challenging the Market
    • 4.3.2 Application
    • 4.3.3 Product
    • 4.3.4 Mining-Steel Industry Production Scenario
    • 4.3.5 Europe (by Country)
      • 4.3.5.1 Germany
        • 4.3.5.1.1 Application
        • 4.3.5.1.2 Product
        • 4.3.5.1.3 Installed Capacity and Production by Process
          • 4.3.5.1.3.1 Upcoming Projects
          • 4.3.5.1.3.2 Ongoing Investments
          • 4.3.5.1.3.3 Scrap Recycling Overview
        • 4.3.5.1.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.3.5.1.4.1 Consumption by Key Companies
          • 4.3.5.1.4.2 Import Locations/Countries
      • 4.3.5.2 France
        • 4.3.5.2.1 Application
        • 4.3.5.2.2 Product
        • 4.3.5.2.3 Installed Capacity and Production by Process
          • 4.3.5.2.3.1 Upcoming Projects
          • 4.3.5.2.3.2 Ongoing Investments
          • 4.3.5.2.3.3 Scrap Recycling Overview
        • 4.3.5.2.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.3.5.2.4.1 Consumption by Key Companies
          • 4.3.5.2.4.2 Import Locations/Countries
      • 4.3.5.3 Austria
        • 4.3.5.3.1 Application
        • 4.3.5.3.2 Product
        • 4.3.5.3.3 Installed Capacity and Production by Process
          • 4.3.5.3.3.1 Upcoming Projects
          • 4.3.5.3.3.2 Ongoing Investments
          • 4.3.5.3.3.3 Scrap Recycling Overview
        • 4.3.5.3.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.3.5.3.4.1 Consumption by Key Companies
          • 4.3.5.3.4.2 Import Locations/Countries
      • 4.3.5.4 Italy
        • 4.3.5.4.1 Application
        • 4.3.5.4.2 Product
        • 4.3.5.4.3 Installed Capacity and Production by Process
          • 4.3.5.4.3.1 Upcoming Projects
          • 4.3.5.4.3.2 Ongoing Investments
          • 4.3.5.4.3.3 Scrap Recycling Overview
        • 4.3.5.4.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.3.5.4.4.1 Consumption by Key Companies
          • 4.3.5.4.4.2 Import Locations/Countries
      • 4.3.5.5 U.K.
        • 4.3.5.5.1 Application
        • 4.3.5.5.2 Product
        • 4.3.5.5.3 Installed Capacity and Production by Process
          • 4.3.5.5.3.1 Upcoming Projects
          • 4.3.5.5.3.2 Ongoing Investments
          • 4.3.5.5.3.3 Scrap Recycling Overview
        • 4.3.5.5.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.3.5.5.4.1 Consumption by Key Companies
          • 4.3.5.5.4.2 Import Locations/Countries
      • 4.3.5.6 Rest-of-Europe
        • 4.3.5.6.1 Application
        • 4.3.5.6.2 Product
        • 4.3.5.6.3 Installed Capacity and Production by Process
          • 4.3.5.6.3.1 Upcoming Projects
          • 4.3.5.6.3.2 Ongoing Investments
          • 4.3.5.6.3.3 Scrap Recycling Overview
        • 4.3.5.6.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.3.5.6.4.1 Consumption by Key Companies
          • 4.3.5.6.4.2 Import Locations/Countries
  • 4.4 Asia-Pacific
    • 4.4.1 Markets
      • 4.4.1.1 Key Market Participants in Asia-Pacific
      • 4.4.1.2 Driving Factors for Market Growth
      • 4.4.1.3 Factors Challenging the Market
    • 4.4.2 Application
    • 4.4.3 Product
    • 4.4.4 Mining-Steel Industry Production Scenario
    • 4.4.5 Asia-Pacific (by Country)
      • 4.4.5.1 China
        • 4.4.5.1.1 Application
        • 4.4.5.1.2 Product
        • 4.4.5.1.3 Installed Capacity and Production by Process
          • 4.4.5.1.3.1 Upcoming Projects
          • 4.4.5.1.3.2 Ongoing Investments
          • 4.4.5.1.3.3 Scrap Recycling Overview
        • 4.4.5.1.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.4.5.1.4.1 Consumption by Key Companies
          • 4.4.5.1.4.2 Import Locations/Countries
      • 4.4.5.2 Japan
        • 4.4.5.2.1 Application
        • 4.4.5.2.2 Product
        • 4.4.5.2.3 Installed Capacity and Production by Process
          • 4.4.5.2.3.1 Upcoming Projects
          • 4.4.5.2.3.2 Ongoing Investments
          • 4.4.5.2.3.3 Scrap Recycling Overview
        • 4.4.5.2.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.4.5.2.4.1 Consumption by Key Companies
          • 4.4.5.2.4.2 Import Locations/Countries
      • 4.4.5.3 India
        • 4.4.5.3.1 Application
        • 4.4.5.3.2 Product
        • 4.4.5.3.3 Installed Capacity and Production by Process
          • 4.4.5.3.3.1 Upcoming Projects
          • 4.4.5.3.3.2 Ongoing Investments
          • 4.4.5.3.3.3 Scrap Recycling Overview
        • 4.4.5.3.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.4.5.3.4.1 Consumption by Key Companies
          • 4.4.5.3.4.2 Import Locations/Countries
      • 4.4.5.4 South Korea
        • 4.4.5.4.1 Application
        • 4.4.5.4.2 Product
        • 4.4.5.4.3 Installed Capacity and Production by Process
          • 4.4.5.4.3.1 Upcoming Projects
          • 4.4.5.4.3.2 Ongoing Investments
          • 4.4.5.4.3.3 Scrap Recycling Overview
        • 4.4.5.4.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.4.5.4.4.1 Consumption by Key Companies
          • 4.4.5.4.4.2 Import Locations/Countries
      • 4.4.5.5 Australia
        • 4.4.5.5.1 Application
        • 4.4.5.5.2 Product
        • 4.4.5.5.3 Installed Capacity and Production by Process
          • 4.4.5.5.3.1 Upcoming Projects
          • 4.4.5.5.3.2 Ongoing Investments
          • 4.4.5.5.3.3 Scrap Recycling Overview
        • 4.4.5.5.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.4.5.5.4.1 Consumption by Key Companies
          • 4.4.5.5.4.2 Import Locations/Countries
      • 4.4.5.6 Rest-of-Asia-Pacific
        • 4.4.5.6.1 Application
        • 4.4.5.6.2 Product
        • 4.4.5.6.3 Installed Capacity and Production by Process
          • 4.4.5.6.3.1 Upcoming Projects
          • 4.4.5.6.3.2 Ongoing Investments
          • 4.4.5.6.3.3 Scrap Recycling Overview
        • 4.4.5.6.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.4.5.6.4.1 Consumption by Key Companies
          • 4.4.5.6.4.2 Import Locations/Countries
  • 4.5 Rest-of-the-World
    • 4.5.1 Markets
      • 4.5.1.1 Driving Factors for Market Growth
      • 4.5.1.2 Factors Challenging the Market
    • 4.5.2 Application
    • 4.5.3 Product
    • 4.5.4 Mining-Steel Industry Production Scenario
    • 4.5.5 Rest-of-the-World (by Region)
      • 4.5.5.1 Middle East and Africa
        • 4.5.5.1.1 Application
        • 4.5.5.1.2 Product
        • 4.5.5.1.3 Installed Capacity and Production by Process
          • 4.5.5.1.3.1 Upcoming Projects
          • 4.5.5.1.3.2 Ongoing Investments
          • 4.5.5.1.3.3 Scrap Recycling Overview
        • 4.5.5.1.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.5.5.1.4.1 Consumption by Key Companies
          • 4.5.5.1.4.2 Import Locations/Countries
      • 4.5.5.2 South America
        • 4.5.5.2.1 Application
        • 4.5.5.2.2 Product
        • 4.5.5.2.3 Installed Capacity and Production by Process
          • 4.5.5.2.3.1 Upcoming Projects
          • 4.5.5.2.3.2 Ongoing Investments
          • 4.5.5.2.3.3 Scrap Recycling Overview
        • 4.5.5.2.4 Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
          • 4.5.5.2.4.1 Consumption by Key Companies
          • 4.5.5.2.4.2 Import Locations/Countries

5 Markets - Competitive Benchmarking and Company Profiles

  • 5.1 Next Frontiers
  • 5.2 Geographic Assessment
  • 5.3 Company Profiles
    • 5.3.1 ArcelorMittal
      • 5.3.1.1 Overview
      • 5.3.1.2 Top Products/Product Portfolio
      • 5.3.1.3 Top Competitors
      • 5.3.1.4 End-Use Industry
      • 5.3.1.5 Key Personnel
      • 5.3.1.6 Analyst View
      • 5.3.1.7 Market Share, 2023
    • 5.3.2 thyssenkrupp AG
      • 5.3.2.1 Overview
      • 5.3.2.2 Top Products/Product Portfolio
      • 5.3.2.3 Top Competitors
      • 5.3.2.4 End-Use Industry
      • 5.3.2.5 Key Personnel
      • 5.3.2.6 Analyst View
      • 5.3.2.7 Market Share, 2023
    • 5.3.3 NIPPON STEEL CORPORATION
      • 5.3.3.1 Overview
      • 5.3.3.2 Top Products/Product Portfolio
      • 5.3.3.3 Top Competitors
      • 5.3.3.4 End-Use Industry
      • 5.3.3.5 Key Personnel
      • 5.3.3.6 Analyst View
      • 5.3.3.7 Market Share, 2023
    • 5.3.4 China Ansteel Group Corporation Limited
      • 5.3.4.1 Overview
      • 5.3.4.2 Top Products/Product Portfolio
      • 5.3.4.3 Top Competitors
      • 5.3.4.4 End-Use Industry
      • 5.3.4.5 Key Personnel
      • 5.3.4.6 Analyst View
      • 5.3.4.7 Market Share, 2023
    • 5.3.5 China Jianlong Steel Industriai Co Ltd.
      • 5.3.5.1 Overview
      • 5.3.5.2 Top Products/Product Portfolio
      • 5.3.5.3 Top Competitors
      • 5.3.5.4 End-Use Industry
      • 5.3.5.5 Analyst View
      • 5.3.5.6 Market Share, 2023
    • 5.3.6 Salzgitter AG
      • 5.3.6.1 Overview
      • 5.3.6.2 Top Products/Product Portfolio
      • 5.3.6.3 Top Competitors
      • 5.3.6.4 End-Use Industry
      • 5.3.6.5 Key Personnel
      • 5.3.6.6 Analyst View
      • 5.3.6.7 Market Share, 2023
    • 5.3.7 Tata Steel
      • 5.3.7.1 Overview
      • 5.3.7.2 Top Products/Product Portfolio
      • 5.3.7.3 Top Competitors
      • 5.3.7.4 End-Use Industry
      • 5.3.7.5 Key Personnel
      • 5.3.7.6 Analyst View
      • 5.3.7.7 Market Share, 2023
    • 5.3.8 JSW
      • 5.3.8.1 Overview
      • 5.3.8.2 Top Products/Product Portfolio
      • 5.3.8.3 Top Competitors
      • 5.3.8.4 End-Use Industry
      • 5.3.8.5 Key Personnel
      • 5.3.8.6 Analyst View
      • 5.3.8.7 Market Share, 2023
    • 5.3.9 JFE Steel Corporation
      • 5.3.9.1 Overview
      • 5.3.9.2 Top Products/Product Portfolio
      • 5.3.9.3 Top Competitors
      • 5.3.9.4 End-Use Industry
      • 5.3.9.5 Key Personnel
      • 5.3.9.6 Analyst View
      • 5.3.9.7 Market Share, 2023
    • 5.3.10 Nucor Corporation
      • 5.3.10.1 Overview
      • 5.3.10.2 Top Products/Product Portfolio
      • 5.3.10.3 Top Competitors
      • 5.3.10.4 End-Use Industry
      • 5.3.10.5 Key Personnel
      • 5.3.10.6 Analyst View
      • 5.3.10.7 Market Share, 2023
    • 5.3.11 Shandong Lenser materials Co.,LTD.
      • 5.3.11.1 Overview
      • 5.3.11.2 Top Products/Product Portfolio
      • 5.3.11.3 Top Competitors
      • 5.3.11.4 End-Use Industry
      • 5.3.11.5 Analyst View
      • 5.3.11.6 Market Share, 2023
    • 5.3.12 HYUNDAI STEEL
      • 5.3.12.1 Overview
      • 5.3.12.2 Top Products/Product Portfolio
      • 5.3.12.3 Top Competitors
      • 5.3.12.4 End-Use Industry
      • 5.3.12.5 Key Personnel
      • 5.3.12.6 Analyst View
      • 5.3.12.7 Market Share, 2023
    • 5.3.13 Jindal Steel & Power Limited
      • 5.3.13.1 Overview
      • 5.3.13.2 Top Products/Product Portfolio
      • 5.3.13.3 Top Competitors
      • 5.3.13.4 End-Use Industry
      • 5.3.13.5 Key Personnel
      • 5.3.13.6 Analyst View
      • 5.3.13.7 Market Share, 2023
    • 5.3.14 SAIL
      • 5.3.14.1 Overview
      • 5.3.14.2 Top Products/Product Portfolio
      • 5.3.14.3 Top Competitors
      • 5.3.14.4 End-Use Industry
      • 5.3.14.5 Key Personnel
      • 5.3.14.6 Analyst View
      • 5.3.14.7 Market Share, 2023
    • 5.3.15 Cleveland-Cliffs Inc.
      • 5.3.15.1 Overview
      • 5.3.15.2 Top Products/Product Portfolio
      • 5.3.15.3 Top Competitors
      • 5.3.15.4 End-Use Industry
      • 5.3.15.5 Key Personnel
      • 5.3.15.6 Analyst View
      • 5.3.15.7 Market Share, 2023

6 Research Methodology

  • 6.1 Data Sources
    • 6.1.1 Primary Data Sources
    • 6.1.2 Secondary Data Sources
    • 6.1.3 Data Triangulation
  • 6.2 Market Estimation and Forecast

List of Figures

  • Figure 1: Mining Steel Industry Market (by Scenario), $Billion, 2025, 2028, and 2035
  • Figure 2: Global Mining-Steel Industry Market (by Region), $Billion, 2024, 2028, and 2035
  • Figure 3: Global Mining Steel Industry Market (by End-Use Application), $Billion, 2024, 2028, and 2035
  • Figure 4: Global Mining Steel Industry Market (by Production Methodology), $Billion, 2024, 2028, and 2035
  • Figure 5: Global Mining Steel Industry Market (by End Products), $Billion, 2024, 2028, and 2035
  • Figure 6: Key Events
  • Figure 7: Cumulative Growth of Autonomous Haulage System (AHS) Trucks in Open-Pit Mining Operations, 2019-2023
  • Figure 8: Estimated Country-Wise Deployment of AHS Trucks, 2023
  • Figure 9: Apparent Steel Consumption in Some of the Emerging Markets, Million Tons, 2020-2023
  • Figure 10: Supply Chain
  • Figure 11: Value Chain
  • Figure 12: Key Iron Ore Producing Countries and their Mining Capacity, Million Tons, 2023
  • Figure 13: Key Coking Coal Exporting Nations, % Share, 2023
  • Figure 14: Pricing Analysis of the Global Mining Steel Industry Market, $/Ton, 2024-2035
  • Figure 15: Stakeholder Mapping across Value Chain
  • Figure 16: Patent Analysis (by Country), January 2022-March 2025
  • Figure 17: Patent Analysis (by Company), January 2022-March 2025
  • Figure 18: Global Population Living in Urban and Rural Areas, $Billion, 2019-2023
  • Figure 19: Regional Private Participation in Infrastructure, $Billion, 2022 and 2023
  • Figure 20: Additional Financing Included in the Bipartisan Infrastructure Law, $Billion
  • Figure 21: Estimated Capital Expenditures for Top Six Large Steel Companies, $Billion
  • Figure 22: Production Capacity Outlook of Global Mining Steel Industry Market, Million Tons, 2024-2034
  • Figure 23: Stakeholder Analysis in the Global Mining Steel Industry Market
  • Figure 24: Estimated Installed Capacity by Blast Furnace-BOF Process in Different Regions, Million Tons, 2021-2024
  • Figure 25: Estimated Installed Capacity by DRI-EAF Process in Different Regions, Million Tons, 2021-2024
  • Figure 26: Estimated Steel Capacity (TTPA) by Development Status in Each Region, Million Tons, 2025
  • Figure 27: Steel Production Output
  • Figure 28: Green Steel Market (by Scenario), $Billion, 2023, 2026, and 2034
  • Figure 29: Conventional Steel Overview
  • Figure 30: Production Process Overview
  • Figure 31: Companies Across the Green Steel Value Chain
  • Figure 32: World Crude Steel Production by Basic Oxygen Furnace Process, Million Tons, 2019-2022
  • Figure 33: World Crude Steel Production by Electric Arc Furnace (EAF) Process, Million Tons, 2019-2022
  • Figure 34: Major Steel Producers in North America: Headquarters and 2023 Steel Production
  • Figure 35: Estimated Crude Steel Production Capacity and Actual Crude Steel Production in North America, Million Tons, 2021-2024
  • Figure 36: U.S. Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 37: Total Crude Steel Production, U.S., Thousand Tons, 2021-2024
  • Figure 38: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 39: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 40: U.S. Iron and Steel Scrap Production and Consumption, Million Metric Tons, 2019-2023
  • Figure 41: Breakdown of U.S. Steel's Annual Recycling and Co-Product Use
  • Figure 42: Nucor Corporation's Flexible Raw Materials Mix
  • Figure 43: Raw Materials Import Countries/Location
  • Figure 44: Canada Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 45: Total Crude Steel Production, Canada, Thousand Tons, 2021-2024
  • Figure 46: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 47: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 48: Canada Steel Scrap Exports, Million Tons, 2019-2021
  • Figure 49: Share of Canada Steel Scrap Export and Import, 2021
  • Figure 50: Mine Production (Shipments) of Iron Ore, by Province and Territory in Canada, 2023
  • Figure 51: Raw Materials Import Countries/Location
  • Figure 52: Mexico Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 53: Total Crude Steel Production, Mexico, Thousand Tons, 2021-2024
  • Figure 54: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 55: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 56: Steel Scrap Exported to U.S., Million Tons, 2020-2021
  • Figure 57: Raw Materials Import Countries/Location
  • Figure 58: Major Steel Producers in Europe: Headquarters and 2023 Steel Production
  • Figure 59: Estimated Crude Steel Production Capacity and Actual Crude Steel Production in Europe, Million Tons, 2021-2024
  • Figure 60: Germany Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 61: Total Crude Steel Production, Germany, Thousand Tons, 2021-2024
  • Figure 62: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 63: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 64: External Steel Scrap Exports, Germany, 2020-2021
  • Figure 65: Raw Materials Import Countries/Location
  • Figure 66: France Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 67: Total Crude Steel Production, France, Thousand Tons, 2021-2024
  • Figure 68: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 69: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 70: Main Steel Scrap Export, France, Million Tons, 2020-2021
  • Figure 71: Raw Materials Import Countries/Location
  • Figure 72: Austria Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 73: Total Crude Steel Production, Austria, Thousand Tons, 2021-2024
  • Figure 74: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 75: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 76: Main Steel Scrap Export, Austria, Million Tons, 2020-2021
  • Figure 77: Raw Materials Import Countries/Location
  • Figure 78: Italy Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 79: Total Crude Steel Production, Italy, Thousand Tons, 2021-2024
  • Figure 80: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 81: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 82: Raw Materials Import Countries/Location
  • Figure 83: U.K. Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 84: Total Crude Steel Production, U.K., Thousand Tons, 2021-2024
  • Figure 85: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 86: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 87: Steel Scrap Export, U.K., Million Tons, 2020-2021
  • Figure 88: Raw Materials Import Countries/Location
  • Figure 89: Rest-of-Europe Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 90: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 91: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 92: Raw Materials Import Countries/Location
  • Figure 93: North Major Steel Producers in Asia-Pacific: Headquarters and 2023 Steel Production
  • Figure 94: Estimated Crude Steel Production Capacity and Actual Crude Steel Production in Asia-Pacific, Million Tons, 2021-2024
  • Figure 95: China Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 96: Total Crude Steel Production, China, Thousand Tons, 2021-2024
  • Figure 97: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 98: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 99: Steel Scrap Use for Steelmaking in China, Million Tons, 2019-2021
  • Figure 100: Raw Materials Import Countries/Location
  • Figure 101: Japan Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 102: Total Crude Steel Production, Japan, Thousand Tons, 2021-2024
  • Figure 103: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 104: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 105: Raw Materials Import Countries/Location
  • Figure 106: Steel Scrap Use for Steelmaking in Japan, Million Tons, 2019-2021
  • Figure 107: India Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 108: Total Crude Steel Production, India, Thousand Tons, 2021-2024
  • Figure 109: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 110: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 111: Steel Scrap Imports in India, Million Tons, 2019-2021
  • Figure 112: Raw Materials Import Countries/Location
  • Figure 113: South Korea Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 114: Total Crude Steel Production, South Korea, Thousand Tons, 2021-2024
  • Figure 115: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 116: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 117: Raw Materials Import Countries/Location
  • Figure 118: Australia Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 119: Total Crude Steel Production, Australia, Thousand Tons, 2021-2024
  • Figure 120: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 121: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 122: Steel Scrap Exports, Australia, Million Tons, 2019-2021
  • Figure 123: Raw Materials Import Countries/Location
  • Figure 124: Rest-of-Asia-Pacific Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 125: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 126: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 127: Raw Materials Import Countries/Location
  • Figure 128: Estimated Crude Steel Production Capacity and Actual Crude Steel Production in Rest-of-the-World, in Million Tons, 2021-2024
  • Figure 129: Middle East and Africa Mining-Steel Industry Market, $Billion, 2024-2035
  • Figure 130: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 131: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 132: Raw Materials Import Countries/Location
  • Figure 133: South America Mining-Steel Industry Market, 2024-2035
  • Figure 134: Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
  • Figure 135: Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
  • Figure 136: Raw Materials Import Countries/Location
  • Figure 137: Strategic Initiatives, January 2022-March 2025
  • Figure 138: Share of Strategic Initiatives, 2023
  • Figure 139: Data Triangulation
  • Figure 140: Top-Down and Bottom-Up Approach
  • Figure 141: Assumptions and Limitations

List of Tables

  • Table 1: Market Snapshot
  • Table 2: Opportunities across Region
  • Table 3: Competitive Landscape Snapshot
  • Table 4: Trends Overview
  • Table 5: Impact Analysis of Market Navigating Factors, 2024-2035
  • Table 6: Major Infrastructure Projects and Expected Steel Demand Increase
  • Table 7: Regulations/Standards in the Global Mining Steel Industry
  • Table 8: Upcoming Projects and Capacity Additions in the Global Mining Steel Industry Market
  • Table 9: World's Largest Iron Ore Producers and their Capacity
  • Table 10: Ongoing Investments in the Global Mining Steel Industry Market
  • Table 11: Lifespan of Steel Products and their Recycling Rates
  • Table 12: Recycled Steel Use in Crude Steel Production, Million Tons, 2022
  • Table 13: Climate Targets of Global Steel Manufacturers
  • Table 14: Green Steelmaking Initiatives
  • Table 15: Application Summary (by End-Use Application)
  • Table 16: Product Summary (by Production Methodology)
  • Table 17: Product Summary (by End Products)
  • Table 18: Global Mining-Steel Industry Market (by Region), $Billion, 2024-2035
  • Table 19: North America Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 20: North America Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 21: North America Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 22: U.S. Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 23: U.S. Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 24: U.S. Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 25: List of Upcoming Projects in U.S.
  • Table 26: Investment Scenario in U.S.
  • Table 27: Estimated Consumption of Raw Materials by Key Companies in U.S.
  • Table 28: Canada Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 29: Canada Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 30: Canada Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 31: List of Upcoming Projects in Canada
  • Table 32: Investment Scenario in Canada
  • Table 33: Mexico Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 34: Mexico Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 35: Mexico Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 36: List of Upcoming Projects in Mexico
  • Table 37: Investment Scenario in Mexico
  • Table 38: Europe Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 39: Europe Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 40: Europe Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 41: Germany Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 42: Germany Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 43: Germany Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 44: List of Upcoming Projects in Germany
  • Table 45: Investment Scenario in Germany
  • Table 46: France Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 47: France Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 48: France Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 49: List of Upcoming Projects in France
  • Table 50: Investment Scenario in France
  • Table 51: Austria Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 52: Austria Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 53: Austria Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 54: List of Upcoming Projects in Austria
  • Table 55: Investment Scenario in Austria
  • Table 56: Italy Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 57: Italy Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 58: Italy Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 59: List of Upcoming Projects in Italy
  • Table 60: Investment Scenario in Italy
  • Table 61: U.K. Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 62: U.K. Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 63: U.K. Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 64: List of Upcoming Projects in U.K.
  • Table 65: Investment Scenario in U.K.
  • Table 66: Rest-of-Europe Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 67: Rest-of-Europe Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 68: Rest-of-Europe Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 69: List of Upcoming Projects in Rest-of-Europe
  • Table 70: Investment Scenario in Rest-of-Europe
  • Table 71: Asia-Pacific Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 72: Asia-Pacific Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 73: Asia-Pacific Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 74: China Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 75: China Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 76: China Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 77: List of Upcoming Projects in China
  • Table 78: Investment Scenario in China
  • Table 79: Japan Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 80: Japan Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 81: Japan Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 82: List of Upcoming Projects in Japan
  • Table 83: Investment Scenario in Japan
  • Table 84: India Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 85: India Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 86: India Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 87: List of Upcoming Projects in India
  • Table 88: Investment Scenario in India
  • Table 89: South Korea Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 90: South Korea Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 91: South Korea Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 92: List of Upcoming Projects in South Korea
  • Table 93: Investment Scenario in South Korea
  • Table 94: Australia Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 95: Australia Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 96: Australia Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 97: List of Upcoming Projects in Australia
  • Table 98: Investment Scenario in Australia
  • Table 99: Rest-of-Asia-Pacific Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 100: Rest-of-Asia-Pacific Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 101: Rest-of-Asia-Pacific Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 102: List of Upcoming Projects in Rest-of-Asia-Pacific
  • Table 103: Investment Scenario in Rest-of-Asia-Pacific
  • Table 104: Rest-of-the-World Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 105: Rest-of-the-World Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 106: Rest-of-the-World Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 107: Middle East and Africa Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 108: Middle East and Africa Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 109: Middle East and Africa Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 110: List of Upcoming Projects in Middle East and Africa
  • Table 111: Investment Scenario in Middle East and Africa
  • Table 112: South America Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
  • Table 113: South America Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
  • Table 114: South America Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
  • Table 115: List of Upcoming Projects in South America
  • Table 116: Investment Scenario in South America
  • Table 117: Market Share