China Steel Market 2024-2030
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China Steel Market 2024-2030

Last Updated:  Apr 25, 2025 | Study Period: 2024-2030

CHINA STEEL MARKET

 

INTRODUCTION

 

China is the world's greatest producer and user of steel, a fact that emphasizes the importance of steel in the country's industrial and economic landscape. China's rapid industrialization, infrastructure expansion, and economic growth are all supported by the country's steel sector. With millions of workers both directly and indirectly involved, it is vital to the country's GDP and employment statistics.

 

China's steel industry includes a wide range of operations, from coal and iron ore mining and processing to the production of different steel products. Due to its enormous size and capacity, it can both supply steel to the domestic market and play a significant role in worldwide trade.

 

China's infrastructure growth is greatly aided by the steel sector, which supplies the raw materials needed to build skyscrapers, bridges, railroads, and highways. Producing the materials needed for the country's massive automobile manufacture, it is also a major force behind the automotive sector. However, because of its high energy consumption and pollution, China's steel sector is growing at a rapid pace, raising concerns about the environment. In response, China has been working to satisfy environmental goals while maintaining economic growth by lowering its carbon footprint and improving the energy efficiency of its steel manufacturing.

 

China's steel sector is the backbone of the country's industrial and economic landscape, contributing significantly to the country's development and commanding a significant share of the world market. China's steel sector is expected to be at the forefront of technological developments and environmental improvements as the country continues to change, influencing the global steel market and influencing the future of the country.

 

CHINA STEEL MARKET SIZE AND FORECAST

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The China Steel Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

 

CHINA STEEL MARKET RECENT DEVELOPMENT

 

 At a facility in Inner Mongolia, Ulanhot Steel, a Chinese steel manufacturer, has opened a new blast furnace. The facility now has a plant for using the gases produced during the manufacturing of pig iron in addition to the new blast furnace. This plant can produce millions of cubic meters of gas annually. By using the produced gas to create power, the company will save millions of yuan on the purchase of electricity while reducing annual energy use and emissions by thousands of tons. Every year, tons of carbon emissions will be decreased. After acquiring Ulanhot Steel, Jingye Steel declared that the plant's production equipment would be updated.

 

Plans from Inner Mongolia state that by the end of this year, blast furnaces and converters that annually produce millions of tons of steel and pig iron should be shut down. It is intended to close blast furnaces in the area with capacities of up to thousands of cubic meters, converters, and electric arc furnaces with capacities of up to 100 tons. As previously reported by GMK Center, Inner Mongolia achieved a million-ton rise in steel production during the same period last year. Hebei is the province that produces the most steel in China.

 

THIS CHINA STEEL MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

 

  1. How much Steel is manufactured per annum in China? Who are the sub-component suppliers in the region?
  2. Cost breakup of China Steel and key vendor selection criteria
  3. Where is the Steel manufactured? What is the average margin per unit?
  4. Market share of China Steel market manufacturers and their upcoming products
  5. The cost advantage for OEMs who manufacture China Steel  in-house
  6. key predictions for the next 5 years in the China steel market
  7. Average B-2-B Steel market price in all segments
  8. Latest trends in the Steel market, by every market segment
  9. The market size (both volume and value) of the Steel market in 2024-2030 and every year in between?
  10. Production breakup of the Steel market, by suppliers and their OEM relationship
Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
18Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
19Market Segmentation, Dynamics and Forecast by Application, 2024-2030
20Market Segmentation, Dynamics and Forecast by End use, 2024-2030
21Product installation rate by OEM, 2023
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2023
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix