Us Structure Steel Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Structure Steel Market was valued at USD 152.6 Billion in 2022 and is projected to reach USD 196.5 Billion by 2030, growing at a CAGR of 3.4% from 2024 to 2030.
The United States structural steel market is undergoing significant transformations, influenced by recent policy changes and evolving industry dynamics. In February 2025, President Donald Trump announced a 25% tariff on all steel and aluminum imports, effective from March 12, 2025. This policy aims to bolster domestic production by reducing reliance on foreign metals. However, it has also led to immediate price surges, with steel prices increasing over 15% in just two weeks. Manufacturers are facing challenges in obtaining current price quotes, as suppliers await the tariffs' implementation. citeturn0news23
The construction industry, a major consumer of structural steel, is particularly impacted. Developers of mid- and high-rise apartments anticipate higher construction costs due to the tariffs, potentially leading to increased rent prices. The multifamily construction market, already strained by high interest rates and existing costs, may experience further downturns as developers consider passing on increased expenses to renters or delaying projects. citeturn0news22
Despite these challenges, the U.S. structural steel market is projected to grow steadily. In 2024, the market was valued at approximately USD 165.43 billion and is expected to reach USD 234.33 billion by 2031, with a compound annual growth rate (CAGR) of 5.1%. This growth is driven by substantial infrastructure investments, such as the Bipartisan Infrastructure Law, which allocates significant funds for construction and modernization projects. Additionally, the adoption of green building initiatives and technological advancements in steel production contribute to the market's expansion. citeturn0search0
However, geopolitical tensions and trade policies introduce uncertainties. The recent blocking of Nippon Steel's acquisition of U.S. Steel by President Biden, citing national security concerns, underscores the complexities of foreign investments in the U.S. steel industry. Such protectionist measures may deter foreign investment, potentially hindering the revitalization of the domestic manufacturing base. citeturn0news27
In response to these challenges, companies like Sims are positioning themselves to benefit from the new tariffs. Processing about 75% of its annual volumes in the U.S., Sims is well-placed to capitalize on the changing market dynamics, despite scrap metal imports being excluded from the tariffs. The company's flexibility to sell both domestically and internationally allows it to navigate the evolving landscape effectively. citeturn0news24
In summary, while recent policy changes and geopolitical factors present challenges to the U.S. structural steel market, opportunities for growth persist. Strategic investments in infrastructure, sustainable practices, and technological innovation are essential for stakeholders aiming to navigate this complex and evolving industry landscape.
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ArcelorMittal
Nippon Steel Sumitomo Metal
POSCO
Nucor
United States Steel (USS)
ThyssenKrupp
Severstal
JSW Steel
Essar Steel
Rautaruukki
Baosteel
Ansteel
Wuhan Iron and Steel
Shagang Group
Shandong Iron & Steel Group
Ma Steel
Bohai Steel
Shougang Group
CSC
Valin Steel
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Structure Steel Market
Wide Flange Beams
I-Beams
Channels
Angle Bars
Flat Bars
Tubular Sections
Building Construction
Infrastructure Projects
Industrial Applications
Transportation
Energy Generation
Marine Applications
Construction
Energy
Automotive
Aerospace
Manufacturing
Mining
Carbon Steel
Alloy Steel
Stainless Steel
High-Strength Low-Alloy Steel (HSLA)
Hot Rolled Sections
Cold Rolled Sections
Pre-fabricated Structures
Custom Fabricated Steel
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Structure Steel Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Structure Steel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Structure Steel Market, By Type
6. Global Structure Steel Market, By Application
7. Global Structure Steel Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Structure Steel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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