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May 2021 Report on Global Steel Market Overview, Size, Share and Trends 2023

May 2021 Report on Global Steel Market Overview, Size, Share and Trends 2023
Global Steel Market Overview Steel Market Size was valued at USD 1307.9 billion in 2021. The steel industry is projected to grow from USD 1353.28 billion in 2022 to USD 1718.26 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.47% during the forecast period (2022 - 2030). Source: Secondary Research, Primary Research, MRFR Database and Analyst Review Steel Market Trends Growing Prevalence of the automotive industry boosts the market growth It is projected that increasing investments in the residential construction industry will drive the steel market. ly expanding smart city initiatives are anticipated to continue to be a major force behind the trend mentioned above. Over the forecast period, significant expenditures in water treatment facilities are anticipated to increase demand in the United States. The automobile industry's significant growth produces a good prognosis for the market. One of the most popular metals utilized ly in the building industry is alloys.

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