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金属钢铁

市场调查报告书

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1455774

全球钢铁市场-2024-2031

Global Steel Market -2024-2031

出版日期: 2024年03月26日 | 出版商:

DataM Intelligence | 英文 181 Pages | 商品交期: 最快1-2个工作天内

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简介目录

概述

2023年全球钢铁市场规模达9,537亿美元，预估至2031年将达1,2321亿美元，2024-2031年预测期间CAGR为3.3%。

全球钢铁市场仍然是工业部门不可或缺的组成部分，对全球製造业、基础设施发展和经济成长做出了重大贡献。为了满足众多终端用户的需求，钢铁业面对产能过剩、需求变化和贸易动态变化等障碍，并坚持适应和创新。

钢铁公司可以透过收购利用规模经济、简化流程并改善供应链管理。钢铁生产商可以透过合併类似行业或获得专业技能来扩大产品线、增强客户支援并巩固其市场地位。

例如，2023年12月，日本新日铁在拍卖中击败克利夫兰克利夫斯和安赛乐米塔尔等竞标者后，达成协议以149亿美元现金收购美国钢铁公司。美国钢铁公司也受到安赛乐米塔尔的追捧。在日本和安赛乐米塔尔位于阿拉巴马州的一家工厂，从国内和国际供应商购买的半成品或板坯经过加工生产钢板产品。此外，他们还花费近 10 亿美元购买电弧炉。因此，亚太地区的製造商以庞大的市场份额为全球产品市场的成长做出了贡献。

动力学

投资拉动钢铁业产能扩张

钢铁公司可以透过投资建设新设施或对现有设施进行改造和现代化来提高产能。由于产能不断增加，扩大的产能将满足国内外对钢铁产品不断增长的需求。

纽柯公司于2024年2月21日表示，经董事会批准，将获得8.6亿美元资金，在太平洋西北地区开发螺纹钢微型轧机。目前尚不清楚该工厂位于何处。该工厂每年将生产 65 万吨螺纹钢，将是纽柯有史以来最大的螺纹钢工厂。经相关部门批准，预计两年内完工。该钢铁製造商在声明中表示，作为拜登1兆美元基础设施计画的一部分，美国基础设施投资不断增加，预计当地螺纹钢市场将继续表现强劲。

技术合作推动环保钢铁生产创新

合作使利害关係人能够分享环保钢铁生产发展的技术进步和解决方案。知识共享将具有加速开发更永续钢铁生产方法的巨大潜力，例如利用再生能源、储存技术和加强回收程序。

2023 年 10 月 30 日早盘交易显示，由于与塔塔电力再生能源公司合作，Mukand 股价小涨。两家公司已就位于马哈拉施特拉邦贾姆赫德的 43.75 兆瓦 AC 集团自备太阳能专案签署了供电协议。除了满足Mukand Limited的能源需求外，此太阳能电池阵计划每年生产99.82个MU，并提高钢铁製造过程的环境友善性。该集团自备太阳能发电厂的建设、营运和维护将属于TPREL的职权范围。

贸易争端与保护主义

外国钢铁生产商可能会发现他们的市场准入受到政府对钢铁进口征税或限制的限制。因此，由于区域和其他当地市场的竞争较少，使用钢铁作为原料的消费者和下游产业可能会支付更高的价格。

全球供应链可能会因贸易争端而中断，导致物流问题和钢铁产品交付延误。由于贸易规则的不确定性和可能的报復行动，对额外产能或基础设施的长期投资也可能阻碍钢铁市场的扩张。

原料成本波动

原物料成本的变化可能导致钢材价格波动，这使得製造商很难与客户讨价还价或建立有竞争力的销售价格。客户需求也会受到价格波动的影响，因为公司可能会决定推迟采购或寻找替代供应以应对不稳定的价格波动。

原物料成本的不确定性可能会阻碍钢铁业的长期投资。鑑于投入成本波动，钢铁生产商可能不愿意将现金投入新企业或扩张计划，这将限制该行业的发展和现代化潜力。

The global steel market is still an integral component of the industrial sector, contributing significantly to global manufacturing, infrastructure development and economic growth. To meet the demands of many end-user sectors, the steel industry persists in adapting and innovating in the face of obstacles such as overcapacity, varying demand and changing trade dynamics.

Steel companies can take advantage of economies of scale, streamline processes and improve supply chain management through acquisitions. Steel producers can expand their product lines, boost customer support and strengthen their market position by combining similar industries or obtaining specialized skills.

For instance, in December 2023, After surpassing bidders including Cleveland-Cliffs and ArcelorMittal in an auction, Japan's Nippon Steel secured an agreement to purchase US Steel for US$14.9 billion in cash. U.S. Steel was also pursued by ArcelorMittal. At a mill owned by Nippon and ArcelorMittal in Alabama, semi-finished product or slabs, that are purchased from domestic and international vendors are processed to produce steel sheet products. Additionally, they are spending almost US$ 1 billion on an electric arc furnace. Therefore, Asia-Pacific based manufacturers contribute to the growth of the global product market with significant market share.

Dynamics

Investment Driving Production Capacity Expansion in the Steel Industry

Steel companies can increase their production capacity through investment by building new facilities or by renovating and modernizing their current ones. Because of their increasing capacity, the expanding capacities will meet the rising demand for steel products both domestically and internationally.

Nucor Corp. stated on February 21, 2024, that the development of a rebar micro mill in the Pacific Northwest will get funds of US$ 860 million, as approved by the board. It's still unknown where the mill is located. The mill will produce 650,000 Tons of steel rebar annually, will be the largest Nucor steel rebar mill ever constructed. With authorization from the relevant authorities, it is expected to be finished in two years. The steelmaker stated in a statement that the local rebar market is anticipated to continue to demonstrate strength against the backdrop of rising U.S. infrastructure investments as part of Biden's US$ 1 trillion infrastructure package.

Technological Collaboration Driving Innovation in Eco-Friendly Steel Production

Collaboration allows the stakeholders to share technological advancements and solutions in the developments of eco-friendly steel production. The knowledge sharing will have the significant potential to accelerate the development of more sustainable steel production methods, such as harnessing renewable energy sources, storage technology and enhancing recycling procedures.

Early trading on October 30, 2023 depicts a minor boost in Mukand's share price due to its collaboration with Tata Power Renewable Energy. A Power Delivery Agreement has been signed by the firms for a 43.75 MW AC Group Captive Solar project situated in Jamkhed, Maharashtra. In addition to meeting Mukand Limited's energy demands, this solar array is planned to produce 99.82 MUs yearly and improve the environmental friendliness of steel manufacturing processes. The group's captive solar power plant construction, operation and maintenance will fall under the purview of TPREL.

Trade Disputes and Protectionism

Foreign steel producers may find their access to markets restricted by governments that impose taxes or restrictions on steel imports. As a result, consumers and downstream sectors that use steel as a raw material may pay more as there is less competition in the regional and other local market place.

Global supply chains can be disrupted by trade disputes, which can cause logistical problems and delays in the delivery of steel products. The expansion of the steel market can also be hampered by long-term investment in additional capacity or infrastructure due to uncertainty surrounding trade rules and possible retaliatory actions.

Fluctuation Raw Material Costs

Price volatility for steel can result from changes in the cost of raw materials, which makes it challenging for manufacturers to bargain with clients or establish competitive selling prices. Customer demand can also be impacted by price volatility since companies may decide to defer purchases or look for substitute supplies in reaction to erratic price fluctuations.

Long-term investment in the steel sector may be discouraged by costs associated with raw materials being uncertain. In light of fluctuating input costs, steel producers might be reluctant to commit cash to new ventures or expansion plans, which would restrict the industry's potential for development and modernization.

Segment Analysis

The global steel market is segmented based on product, application, end-user and region.

Growing Crude Steel Production Drive Market

Crude steel is an essential component of many industrial manufacturing processes, including those that produce appliances, machinery, automobiles and ships. Crude steel is in greater demand as a raw material when industrial output levels expand internationally due to factors like economic expansion, technical improvement and rising consumer demand.

U.S.'s crude steel output increased 0.2% to 80.7 million metric Tons in 2023, but in December it surged 7.6% to 6.8 million metric Tons. In 2023, Russia's steel production increased by 5.6% year over year to 75.8 million metric Tons and by 4.3% to 6 million metric Tons in December. Therefore, burgeoning demand for crude steel primarily in construction sector segment captures the majority of the market shares in the total global market.

Geographical Penetration

China's Technological Advancements and Investments in Steel Sector

China has made significant investments to modernize its steel sector using cutting-edge technology and manufacturing techniques. The technological developments can be used to improve the productivity, sustainability and quality of steel production in a new manufacturing facility in China. The global steel market's best practices and standards may be impacted by this technological advancement, promoting overall growth and development.

In January 2023, as the nation ramps up infrastructure expenditure, SteelAsia Manufacturing and China Baowu Steel Group will collaborate to establish a 108 billion Philippine peso (US$ 1.98 billion) factory in the Philippines. The greatest steel producer in the nation, SteelAsia and the biggest steel producer globally, Baowu, will choose a site for the project as early as February. Every year, 3 million Tons of molten steel will be produced there and utilized to make completed steel products. Therefore, China is leading the regional steel market with majority of the global market shares.

COVID-19 Impact Analysis

The pandemic has impacted steel industry with substantial drop in the demand for steel, especially from industries that use steel including manufacturing & building and automobile industry. The demand for steel declined as a result of slower economic growth, postponed building projects and weaker consumer expenditure.

The COVID-19 pandemic and related lockdown measures, according to the World Steel Association, have had a major impact on global steel manufacturer' output volumes. In April 2020, China reported producing 85.0 million Tons of crude steel. Nothing has changed from the manufacturing in April 2019. Furthermore, 5-7% of vehicles produced globally are produced in Asia. In April 2020, South Korea's automobile output fell by 22% year over year, while car exports fell by 44%. Car shipments from the nation to US fell by 28% in April compared to the same month the previous year.

Russia-Ukraine War Impact Analysis

Iron ore and steel prices increased sharply during the Russia-Ukraine conflict, as Russia and Ukraine are major exporters of these commodities. Domestic steel price increases have so far been insufficient to cover cost inflation; however, the consumption lag indicates greater margins in the fourth quarter.

Ukraine and Russia are major providers of the global steel supply chain, supplying finished steel, semis and raw materials including coking coal and iron ore. Russia and Ukraine produce over 100 million Tons of steel annually and export around 37 million Tons, accounting for 8-9% of world net trade. In 2021, Ukraine exported 40 million Tons of high-grade iron ore and pellets, whereas Russia exported approximately 29 million Tons of iron ore.

By Product

Crude Steel
Finished Steel
- Flat
- Long
- Specialty
Stainless Sheet/Strip
Stainless Plate
Stainless Bar
Stainless Rod
Stainless Steel Wire
Scrap Steel

By Application

Pre-Engineered Metal Buildings
Panels
Roofs and Walls
Bridges
Industrial Structures
Others

By End-User

Automotive
Construction
Manufacturing
Machinery and Equipment
Consumer Goods
Aviation & Marine
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

In February 2024, The construction of US$ 1.5 billion steel mill at Manhize near Mvuma has been completed, with a probable commissioning date of June 10 this year.
In December 2023, Imperial College London and Indian multinational Tata Steel have formed an agreement to setup a new GBP 10-million design investment manufacturing centre as part of efforts to develop innovative new technologies to help decarbonizes steel production.
In January 2023, SteelAsia Manufacturing and China Baowu Steel Group will collaborate to establish a 108 billion Philippine peso (US$ 1.98 billion) factory in the Philippines.

Competitive Landscape

The major global players in the market include ArcelorMittal, Nippon Steel Corporation, Baosteel, TATA Steel, Steel Authority of India Limited (SAIL), Hyundai Steel Co., Ltd., JFE Steel Corporation, HBIS Group, ThyssenKrupp and POSCO.

Why Purchase the Report?

To visualize the global steel market segmentation based on product, application, end-user and region, as well as understands key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of steel market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.

The global steel market report would provide approximately 61 tables, 58 figures and 181 Pages.

Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1.Methodology and Scope

1.1.Research Methodology
1.2.Research Objective and Scope of the Report

2.Definition and Overview

3.Executive Summary

3.1.Snippet by Product
3.2.Snippet by Application
3.3.Snippet by End-User
3.4.Snippet by Region

4.Dynamics

4.1.Impacting Factors
- 4.1.1.Drivers
  - 4.1.1.1.Investment Driving Production Capacity Expansion in the Steel Industry
  - 4.1.1.2.Technological Collaboration Driving Innovation in Eco-Friendly Steel Production
- 4.1.2.Restraints
  - 4.1.2.1.Trade Disputes and Protectionism
  - 4.1.2.2.Fluctuation Raw Material Costs
- 4.1.3.Opportunity
- 4.1.4.Impact Analysis

5.Industry Analysis

5.1.Porter's Five Force Analysis
5.2.Supply Chain Analysis
5.3.Pricing Analysis
5.4.Regulatory Analysis
5.5.Russia-Ukraine War Impact Analysis
5.6.DMI Opinion

6.COVID-19 Analysis

6.1.Analysis of COVID-19
- 6.1.1.Scenario Before COVID
- 6.1.2.Scenario During COVID
- 6.1.3.Scenario Post COVID
6.2.Pricing Dynamics Amid COVID-19
6.3.Demand-Supply Spectrum
6.4.Government Initiatives Related to the Market During Pandemic
6.5.Manufacturers Strategic Initiatives
6.6.Conclusion

7.By Product

7.1.Introduction
- 7.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 7.1.2.Market Attractiveness Index, By Product
7.2.Crude Steel*
- 7.2.1.Introduction
- 7.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3.Finished Steel
- 7.3.1.Flat
- 7.3.2.Long
- 7.3.3.Specialty
  - 7.3.3.1.Stainless Sheet/Strip
  - 7.3.3.2.Stainless Plate
  - 7.3.3.3.Stainless Bar
  - 7.3.3.4.Stainless Rod
  - 7.3.3.5.Stainless Steel Wire
7.4.Scrap Steel

8.By Application

8.1.Introduction
- 8.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 8.1.2.Market Attractiveness Index, By Application
8.2.Pre-Engineered Metal Buildings*
- 8.2.1.Introduction
- 8.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3.Panels
8.4.Roofs and Walls
8.5.Bridges
8.6.Industrial Structures
8.7.Others

9.By End-User

9.1.Introduction
- 9.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 9.1.2.Market Attractiveness Index, By End-User
9.2.Automotive*
- 9.2.1.Introduction
- 9.2.2.Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3.Construction
9.4.Manufacturing
9.5.Machinery and Equipment
9.6.Consumer Goods
9.7.Aviation & Marine
9.8.Others

10.By Region

10.1.Introduction
- 10.1.1.Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 10.1.2.Market Attractiveness Index, By Region
10.2.North America
- 10.2.1.Introduction
- 10.2.2.Key Region-Specific Dynamics
- 10.2.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.2.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.2.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.2.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.2.6.1.U.S.
  - 10.2.6.2.Canada
  - 10.2.6.3.Mexico
10.3.Europe
- 10.3.1.Introduction
- 10.3.2.Key Region-Specific Dynamics
- 10.3.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.3.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.3.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.3.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.3.6.1.Germany
  - 10.3.6.2.UK
  - 10.3.6.3.France
  - 10.3.6.4.Italy
  - 10.3.6.5.Russia
  - 10.3.6.6.Rest of Europe
10.4.South America
- 10.4.1.Introduction
- 10.4.2.Key Region-Specific Dynamics
- 10.4.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.4.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.4.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.4.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.4.6.1.Brazil
  - 10.4.6.2.Argentina
  - 10.4.6.3.Rest of South America
10.5.Asia-Pacific
- 10.5.1.Introduction
- 10.5.2.Key Region-Specific Dynamics
- 10.5.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.5.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.5.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.5.6.Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 10.5.6.1.China
  - 10.5.6.2.India
  - 10.5.6.3.Japan
  - 10.5.6.4.Australia
  - 10.5.6.5.Rest of Asia-Pacific
10.6.Middle East and Africa
- 10.6.1.Introduction
- 10.6.2.Key Region-Specific Dynamics
- 10.6.3.Market Size Analysis and Y-o-Y Growth Analysis (%), By Product
- 10.6.4.Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.6.5.Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

11.Competitive Landscape

11.1.Competitive Scenario
11.2.Market Positioning/Share Analysis
11.3.Mergers and Acquisitions Analysis

12.Company Profiles

12.1.ArcelorMittal*
- 12.1.1.Company Overview
- 12.1.2.Product Portfolio and Description
- 12.1.3.Financial Overview
- 12.1.4.Key Developments
12.2.Nippon Steel Corporation
12.3.Baosteel
12.4.TATA Steel
12.5.Steel Authority of India Limited (SAIL)
12.6.Hyundai Steel Co., Ltd.
12.7.JFE Steel Corporation
12.8.HBIS Group
12.9.ThyssenKrupp
12.10.POSCO

LIST NOT EXHAUSTIVE