강재 단면 시장 : 시장 점유율 분석, 산업 동향 및 통계 데이터, 성장 예측(2026-2031년)

According to Mordor Intelligence, the steel sections market size was valued at USD 369.94 billion in 2025 and is estimated to grow from USD 384.95 billion in 2026 to reach USD 479.26 billion by 2031, at a CAGR of 4.48% during the forecast period (2026-2031).

This report Segments the Industry Into by Product Type (Heavy Structural Steel, Light Structural Steel, and Rebar), by End-User Industry (Residential Construction, Manufacturing, and More), by Manufacturing / Formation Route(Hot-Rolled Sections, and Others), and by Geography (Asia-Pacific, North America, and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Global Steel Sections Market Trends and Insights

Infrastructure Mega-Projects Reshape Regional Demand Profiles

Asia-Pacific and Middle East programs are locking in long-duration supply contracts that stabilize mill output. India's National Infrastructure Pipeline sets aside USD 1.4 trillion for transport, energy, and urban projects through 2025, absorbing over 200,000 tonnes of structural sections every year. Saudi Arabia's Vision 2030 pledges USD 500 billion to NEOM and related ventures, translating to a cumulative requirement exceeding 10 million tonnes of structural sections over the decade. Sub-Saharan investments, such as Mauritania's new iron-ore rail link, further diversify demand and encourage mills to align product mix with project specifications. Producers benefit from predictable offtake volumes, allowing more favorable raw-material contracts and reducing exposure to spot-price swings. This driver sustains the steel sections market by underpinning baseline consumption even when private construction cycles soften.

Modular Construction Accelerates Cold-Formed Adoption

Off-site fabrication trims build schedules by 30%-40% and reduces site labor, driving preference for lightweight cold-formed profiles. In the United Kingdom, residential starts using modular techniques rose to 7% in 2024 from 3% in 2020, bolstered by a 15% capital-cost subsidy for projects exceeding 50% off-site content. Weight savings of 30%-40% curb foundation loads and crane requirements, while nested framing systems sidestep transport width limits. Japan's revised fire-resistance rules now permit cold-formed sections in 10-story buildings, expanding the addressable market by roughly 40%. As supply chains mature, cost parity with hot-rolled beams is expected in many medium-rise applications, providing a clear growth corridor for the steel sections market.

Raw-Material Price Volatility Compresses Margins

Iron ore and coking coal prices swung 20%-25% intra-year in 2024 as weather disruptions and Chinese production quotas reshaped seaborne flows. Scrap-dependent electric-arc furnaces faced an 18% jump in European scrap prices after Turkey restricted exports. Although new futures contracts on the London Metal Exchange offer hedging, low liquidity limits accessibility for mid-tier mills. Tight working capital forces smaller producers to throttle output, further tightening supply and perpetuating volatility, thereby tempering growth prospects for the steel sections market.

Other drivers and restraints analyzed in the detailed report include:

1. Decarbonization Premiums Reward Low-Carbon Producers
2. Tightening seismic codes driving section upgrades
3. Trade-Remedy Measures Fragment Global Supply Chains

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Rebar captured 48.07% of the steel sections market revenue in 2025, reflecting its entrenched role in reinforced concrete for residential towers, bridges, and transit projects. The segment benefits from synchronized public works outlays in Asia-Pacific and Africa, where urbanization continues to set new records. High-volume contracts, such as India's metro expansions, guarantee steady mill loading and encourage investment in micro-alloyed bar to meet stringent seismic requirements. However, growth moderates when private housing cycles cool, as witnessed in Europe's 2024 downturn. To differentiate, producers now bundle rebar with digital tracking tags that confirm heat numbers and mechanical properties, reducing counterfeit risk on large job sites.

Heavy structural steel, though holding a smaller base, is set to record a 5.36% CAGR to 2031, the fastest in this category. Demand stems from aerospace and automotive platforms shifting toward advanced high-strength profiles to offset battery mass. Thermo-mechanical control processing lets mills deliver yield strengths above 700 MPa without downstream heat treatment, slashing energy use by 15%. Hollow sections for wind-turbine towers and transmission pylons also ride the renewable-energy build-out. Collectively, these trends secure a robust outlook for the steel sections market.

Complete Report Scope:

• By Product Type
  • Heavy Structural Steel
  • Light Structural Steel
  • Rebar
• By End-user Industry
  • Residential Construction
  • Manufacturing
  • Power & Utilities
  • Commercial & Infrastructure Construction
  • Oil & Gas
  • Others (aerospace, automotive, etc.)
• By Manufacturing / Formation Route
  • Hot-rolled sections
  • Cold-formed sections
  • Others (welded, built up)
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Peru
    • Rest of South America
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • BENELUX (Belgium, Netherlands, and Luxembourg)
    • NORDICS (Denmark, Finland, Iceland, Norway, and Sweden)
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN (Indonesia, Thailand, Philippines, Malaysia, Vietnam)
    • Rest of Asia-Pacific
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Qatar
    • Kuwait
    • Turkey
    • Egypt
    • South Africa
    • Nigeria
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific generated 70.22% of the steel sections market revenue in 2025, powered by China's Belt and Road extensions, India's USD 1.4 trillion National Infrastructure Pipeline, and Southeast Asian metro builds. Even as China's real-estate deleveraging cut rebar demand by 12 million tonnes in 2024, high-speed rail and renewable projects partially offset the decline, demonstrating the region's diversified pull. Japan and South Korea push metallurgical frontiers, exporting quenching and self-tempering know-how to partners in Vietnam and Indonesia. Rapid urban growth means that Asia-Pacific will remain the anchor for the steel sections market through 2031.

The Middle East and Africa will post the fastest regional CAGR at 6.45%, lifted by Saudi Arabia's USD 500 billion Vision 2030 projects and Gulf cross-border rail corridors. African governments pursue port and logistics networks to move mineral exports efficiently, illustrated by Mauritania's 42 km iron-ore railway. Limited domestic capacity keeps the region reliant on imports, creating opportunities for Asian and European mills to establish joint ventures or service centers that deepen market penetration.

Europe and North America trace divergent paths. Tight monetary policy squeezed European residential starts, pushing regional consumption down 3.5% in 2024. CBAM-related uncertainty encourages early adoption of low-carbon grades, supporting price resilience despite weaker volumes. North America recorded a 2.1% uptick in non-residential construction, led by data-center and manufacturing plant investments eligible for green tax credits. Latin America's rebound adds incremental tons, although currency swings and political risk temper long-range forecasts. Collectively, these dynamics sustain a geographically diversified steel sections market while reinforcing Asia's leadership.

1. ArcelorMittal SA
2. China Baowu Steel Group
3. Nippon Steel Corp.
4. POSCO Holdings Inc.
5. Tata Steel Ltd.
6. Nucor Corp.
7. JFE Steel Corp.
8. Gerdau S.A.
9. Hyundai Steel
10. Evraz plc
11. Vallourec
12. Anyang Steel Group
13. Youfa Steel Pipe Group
14. Yuantai Derun Group
15. SSAB AB
16. APL Apollo Tubes
17. Liberty Steel Group
18. China Steel Corp.
19. Qatar Steel
20. Benxi Steel
21. Steel Dynamics Inc.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Infrastructure mega-projects in Asia & MENA
  • 4.2.2 Tightening seismic codes driving section upgrades
  • 4.2.3 Modular/off-site construction adoption
  • 4.2.4 Decarbonisation premium for low-carbon sections
  • 4.2.5 Digital design (BIM/digital twins) reducing waste
  • 4.2.6 Advanced HSLA & weather-resistant steels
• 4.3 Market Restraints
  • 4.3.1 Volatile iron-ore & scrap prices
  • 4.3.2 Rising trade-remedy barriers
  • 4.3.3 Carbon-intensity penalties (CBAM-type)
  • 4.3.4 Skilled welder/fabricator shortages
• 4.4 Value / Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Industry Attractiveness - Porter's Five Force Analysis
  • 4.7.1 Threat of New Entrants
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Bargaining Power of Suppliers
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Rivalry

5 Market Size & Growth Forecasts (Values, In USD Billion)

• 5.1 By Product Type
  • 5.1.1 Heavy Structural Steel
  • 5.1.2 Light Structural Steel
  • 5.1.3 Rebar
• 5.2 By End-user Industry
  • 5.2.1 Residential Construction
  • 5.2.2 Manufacturing
  • 5.2.3 Power & Utilities
  • 5.2.4 Commercial & Infrastructure Construction
  • 5.2.5 Oil & Gas
  • 5.2.6 Others (aerospace, automotive, etc.)
• 5.3 By Manufacturing / Formation Route
  • 5.3.1 Hot-rolled sections
  • 5.3.2 Cold-formed sections
  • 5.3.3 Others (welded, built up)
• 5.4 By Geography
  • 5.4.1 North America
    • 5.4.1.1 United States
    • 5.4.1.2 Canada
    • 5.4.1.3 Mexico
  • 5.4.2 South America
    • 5.4.2.1 Brazil
    • 5.4.2.2 Argentina
    • 5.4.2.3 Peru
    • 5.4.2.4 Rest of South America
  • 5.4.3 Europe
    • 5.4.3.1 United Kingdom
    • 5.4.3.2 Germany
    • 5.4.3.3 France
    • 5.4.3.4 Italy
    • 5.4.3.5 Spain
    • 5.4.3.6 BENELUX (Belgium, Netherlands, and Luxembourg)
    • 5.4.3.7 NORDICS (Denmark, Finland, Iceland, Norway, and Sweden)
    • 5.4.3.8 Rest of Europe
  • 5.4.4 Asia-Pacific
    • 5.4.4.1 China
    • 5.4.4.2 India
    • 5.4.4.3 Japan
    • 5.4.4.4 Australia
    • 5.4.4.5 South Korea
    • 5.4.4.6 ASEAN (Indonesia, Thailand, Philippines, Malaysia, Vietnam)
    • 5.4.4.7 Rest of Asia-Pacific
  • 5.4.5 Middle East and Africa
    • 5.4.5.1 Saudi Arabia
    • 5.4.5.2 United Arab Emirates
    • 5.4.5.3 Qatar
    • 5.4.5.4 Kuwait
    • 5.4.5.5 Turkey
    • 5.4.5.6 Egypt
    • 5.4.5.7 South Africa
    • 5.4.5.8 Nigeria
    • 5.4.5.9 Rest of Middle East and Africa

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
  • 6.4.1 ArcelorMittal SA
  • 6.4.2 China Baowu Steel Group
  • 6.4.3 Nippon Steel Corp.
  • 6.4.4 POSCO Holdings Inc.
  • 6.4.5 Tata Steel Ltd.
  • 6.4.6 Nucor Corp.
  • 6.4.7 JFE Steel Corp.
  • 6.4.8 Gerdau S.A.
  • 6.4.9 Hyundai Steel
  • 6.4.10 Evraz plc
  • 6.4.11 Vallourec
  • 6.4.12 Anyang Steel Group
  • 6.4.13 Youfa Steel Pipe Group
  • 6.4.14 Yuantai Derun Group
  • 6.4.15 SSAB AB
  • 6.4.16 APL Apollo Tubes
  • 6.4.17 Liberty Steel Group
  • 6.4.18 China Steel Corp.
  • 6.4.19 Qatar Steel
  • 6.4.20 Benxi Steel
  • 6.4.21 Steel Dynamics Inc.

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-need Assessment