Overview and Scope
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.
Sizing and Forecast
The rolled and drawn steel market size has grown strongly in recent years. It will grow from $252.51 billion in 2023 to $271.12 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. 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 $346.01 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. 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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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the rolled and drawn steel market in 2023. The regions covered in the rolled and drawn steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market 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, Forbes, an American business magazine, estimated that global auto sales will increase by 4% in 2023 to 89.7 million. Also, according to the India Brand Equity Foundation (IBEF), a trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India, the automotive industry in India is expected to reach 282.8 billion by 2026. This growth in the automotive industry will drive the rolled and drawn steel market.
Key Industry Players
Major companies operating in the rolled and drawn steel market report are 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, Barclay & Mathieson Ltd., Sabre Steel Inc., MST Steel Corp
The rolled and drawn steel market report table of contents includes:
- Executive Summary
- Rolled And Drawn Steel Market Characteristics
- Rolled And Drawn Steel Market Trends And Strategies
- Rolled And Drawn Steel Market – Macro Economic Scenario
- Global Rolled And Drawn Steel Market Size and Growth
- Rolled And Drawn Steel Market Segmentation
- Rolled And Drawn Steel Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Rolled And Drawn Steel Market
- Rolled And Drawn Steel Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Rolled And Drawn Steel Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Rolled And Drawn Steel Market, Segmentation By Manufacturing Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Rolled And Drawn Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…………..
Table 74: KG Dongbu Steel Co. Ltd. Financial Performance
Table 75: China Baowu Steel Group Corp. Ltd. Financial Performance
Table 76: ArcelorMittal S.A. Financial Performance
Table 77: Pohang Iron and Steel Company Financial Performance
Table 78: Nippon Steel Corporation Financial Performance
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