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Steel industry is one of the essential industries for the development of any community. In fact, it is really the base for numerous industries that could not have been established without steel industry. The European industrial revolution at the beginning of this century was actually founded on this industry. There are three basic routes to obtain finished steel products: (1) integrated steel production, (2) secondary processing, and (3) direct reduction. Integrated steel production involves transforming coal to coke in coke ovens, while iron ore is sintered or belletized prior to being fed into the blast furnace (BF). The ore is reduced in the blast furnace to obtain hot metal containing some 4% carbon and smaller quantities of other alloying elements. Next the hot metal is converted to steel in the basic oxygen furnace (BOF). Then, it is continuously cast to obtain semi-finished products, such as blooms, bars or slabs. These semi-finished products are rolled to the finished shapes of bars, sheet, rail, H or I beams. The secondary processing, often called minimills, starts with steel scrap which is melted in an electrical arc furnace (EAF). The molten steel produced is possibly treated in a ladle furnace and then continuously cast and finished in a rolling operation. Originally, minimills provided only lower grade products, especially reinforcing bars. But, they recently have been able to capture a growing segment of the steel market. An alternative mode of steel production is the direct reduction method. In this method, production starts with high grade Iron ore pellets which are reduced with natural gas to sponge pellets. Then, the sponge iron pellets are fed into an electrical arc furnace. The resulting steel is continuously cast and rolled into a final shape.
This report aims to provide a comprehensive presentation of the global market for Steel Processing, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Steel Processing. This report contains market size and forecasts of Steel Processing in global, including the following market information:

• Global Steel Processing Market Revenue, 2018-2023, 2024-2029, ($ millions)
• Global Steel Processing Market Sales, 2018-2023, 2024-2029, (K Ton)

Global top five Steel Processing companies in 2022 (%)
The global Steel Processing market was valued at US$ 1386610 million in 2022 and is projected to reach US$ 1690460 million by 2029, at a CAGR of 2.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The main global Steel Processing players include China Baowu, ArcelorMittal, Nippon Steel, etc. The top three Steel Processing players account for approximately 12% of the total market. Asia is the largest consumer market for Steel Processing, accounting for about 70%, followed by Europe and NAFTZ. In terms of type, Alloy Steel is the largest segment, with a share about 55%. And in terms of application, the largest application is Construction, followed by Automotive.
We surveyed the Steel Processing manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Steel Processing Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Ton)
Global Steel Processing Market Segment Percentages, by Type, 2022 (%)

• Carbon Steel
• Alloy Steel

• Construction
• Automotive
• Transportation
• Energy
• Packaging
• Tools and Machinery
• Consumer Appliances
• Metal Product
• Others

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

• Key companies Steel Processing revenues in global market, 2018-2023 (Estimated), ($ millions)
• Key companies Steel Processing revenues share in global market, 2022 (%)
• Key companies Steel Processing sales in global market, 2018-2023 (Estimated), (K Ton)
• Key companies Steel Processing sales share in global market, 2022 (%)
• Further, the report presents profiles of competitors in the market, key players include:
• China Baowu
• ArcelorMittal
• Nippon Steel
• Shagang Group
• POSCO
• HBIS
• ANSTEEL
• JFE Group
• Shandong Steel
• Tata Steel
• Outline of Major Chapters:
• Chapter 1: Introduces the definition of Steel Processing, market overview.
• Chapter 2: Global Steel Processing market size in revenue and volume.
• Chapter 3: Detailed analysis of Steel Processing manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
• Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
• Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
• Chapter 6: Sales of Steel Processing in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
• Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
• Chapter 8: Global Steel Processing capacity by region & country.
• Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
• Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
• Chapter 11: The main points and conclusions of the report.