Europe Steel Market 2022-2030

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    Europe’s steel industry accounts for roughly 9% of global crude steel production. Europe is home for some of oldest and largest steel producing companies such as ArcelorMittal which produced 97.31 million tonnes in the year 2019 (according to the reports from world steel association).


    The production of crude steel remained stable despite shifting global market trends. Construction, automotive, and mechanical engineering are main consumer of Europe’s steel.


    infographic: Europe Steel Market, Europe Steel Market size, Europe Steel Market trends, Europe Steel Market forecast, Europe Steel Market risks, Europe Steel Market report, Europe Steel Market share

    Steel is an alloy of iron and carbon containing less than 2% and 1% manganese and small amounts of silicon, phosphorus, sulphur and oxygen. It is a known fact that world uses ample steel for construction products. Steel is most versatile industrial material, which is 100% recyclable.


    Most of steel in Europe is made of two basic routes:

    • The Blast Furnace-Basic Oxygen Furnace (BF-BOF)
    • The Electric Arc Furnace Route (EAF)


    After rapid rise of steel price across Europe (post lockdown) in the second half of 2020, sources have been voicing that there will be echo of situation in 2008.


    Due to COVID-19 lockdown measures across Europe in first half of 2020, many steel producing companies had to be idled their plants to balance the supply with declined demand.


    When the measures been leaned, EAF based steel producers were quick in restarting their facilities, but BF-BOF remained shut for longer period.





    Europe Steel Market By Type

    • Pre-Engineered Metal Buildings
    • Bridge steel market
    • Steel pipe piles
    • Structural steel market
    • Electrical steel market


    Europe Steel Market By Application

    • Ports/Harbours
    • Construction industry
    • Automotive industry
    • Large electrical equipment


    Europe Steel Market By End Use

    • Public Constructions
    • Automotive Manufacturing
    • Bridges, Flyovers, etc.,
    • Transformers, Motors, Inductors, etc.,
    • Residential/Commercial buildings
    • Steel Rockets





    SI no Timeline  Company Developments
    1 November 2021 Tata Steel Wupperman and Tata Steel have joined forces to extend their delivery of hot-rolled high-strength steels with protection of chassis from corrosion.
    2 September 2021 Tata Steel Tata Steel has joined forces with a Danish technology company in order to reduce the greenhouse gas emission.
    3 July 2021 Arcelormittal Arcelormittal has opened its first digital lab in Dunkirk with the aim of bringing innovation in the steel industry and to boost arcelormittal’s digital transformation.
    4 March 2021 Arcelormittal Air Liquide has partnered with Arcelormittal in order to improve the production of low-carbon steel in their Dunkirk Plant near Europe.


    Rising of demand for steel pipe piles in various applications is driving Europe steel market. Soil displacement, high initial costs and additional requirements are major factors obstructing the market.


    Advancements in technology like use of fibre optic sensors in pile creating breakthrough in the market. Steel pile consumption increased with rise in population, increasing infrastructures.


    The adoption of stainless-steel electrical enclosures is governed by several national regulatory standards to improve safety in site. Rising awareness regarding workers’ safety and health, along with increasing fatalities in various industries, is likely to boost the market growth during the period 2020-2027.


    infographic: Europe Steel Market, Europe Steel Market size, Europe Steel Market trends, Europe Steel Market forecast, Europe Steel Market risks, Europe Steel Market report, Europe Steel Market share

    The European steel industry is facing serious challenges. As a result of reduced global demand, steel production in EU has significantly dropped and workforce has continuously declined. COVID-19 pandemic is adding additional structural difficulties and making unyielding actions an inevitable.


    According to EU global deal on steel, the steel industry accounting as most advanced among energy intensive industries in terms of CO2 footprint. Industries planning to cut down its emissions by 30% until 2030, and will lead to achieve carbon neutrality by 2050.


    To know more about US Steel Market, read our report





    SI no Timeline Company Developments
    1 November 2021 Tata Steel Tata Steel will aim to produce steel by using hydrogen in the coming years. The technology used to produce iron will be Direct Reduced Iron technology.
    2 October 2021 Tata Steel Tata Steel has launched the first Greenpro certified rebar brand, a superior rebar named ‘Tata Tiscon 550SD(Super Ductile)’.
    3 March 2021 Arcelormittal Arcelormittal has launched the Xcarb initiatives in order to make carbon neutral steel.
    4 December 2020 Arcelormittal Arcelormittal has announced a coating addition of its No5 hot-dipped galvanizing line in Hamilton and to produce Hardenable Steel for automotive structural and safety components.



    infographic: Europe Steel Market, Europe Steel Market Size, Europe Steel Market Trends, Europe Steel Market Forecast, Europe Steel Market Risks, Europe Steel Market Report, Europe Steel Market Share



    Under the EU Merger Regulation, the European Commission has prohibited Tata Steel and ThyssenKrupp from forming a joint venture. For different types of steel, the combination would have reduced competition and raised prices. To address these concerns, the parties did not provide effective remedies.


    These industries employ millions of people in Europe, and corporations rely on competitive steel costs to sell globally. The merger of Tata Steel and ThyssenKrupp would have resulted in higher prices if major competition issues had not been addressed. As a result, the merger was outlawed in order to protect European industrial clients and consumers.




    JFE Steel Corporation and thyssenkrupp Steel Europe (tkSE), Germany’s largest steel producer, announced today the launch of new high-strength steel sheets capable of cold forming for the fabrication of vehicle frame components in the 980- and 1180MPa classes.


    When compared to standard high-tensile steel sheets, the products attain higher yield strength and ductility, particularly superior local ductility, resulting in lighter-weight automotive body frames and improved crash safety performance.


    By allowing customers to build complicated-shape components using standard cold forming rather than hot stamping, the new sheets are intended to assist boost productivity and cut manufacturing costs.


    High-strength steel, on the other hand, suffers from poor formability, which is why it’s been difficult to use high-strength steel to make complex automobile components.


    JFE and tkSE created their steel sheets with a new composition and microstructure that emphasises local ductility to address this obstacle.


    They also developed a new heat-treatment approach based on “quenching and partitioning,” a metallurgical procedure in which the austenite phase, which forms at high temperatures and contributes to ductility, is quenched and then reheated to assure room-temperature stability. These innovative goods and their manufacturing process combine a variety of intellectual rights from JFE and tkSE.





    SI no Timeline Company Sales
    1 Q3-2021 TATA At the end of third quarter the operational revenue was about 32,587 crores and in 2020 the operational revenue was 21,600 crores.
    2 Q3-2021 ArcelorMittal The sales of Arcelormittal in Europe at the end of third quarter is about $11.22 billion and in Q3 of 2020 the sales was about $7.01 billion.


    Urbanization and construction provide a strong demand for steel products while growth of manufacturing industry provided demand for flat products like hot and cold rolled and stainless steels, which is likely to have positive outlook in steel market.


    Companies are investing on technological advancements and new product launches to improve production efficiency and quality of the product.


    Consumers are opting lightweight, sustainable low costing building materials, prompting manufacturers to research new products to reach consumers’ demand.


    The specifications from various industries making the steel industry to adopt new strategies such as acquisition and geographical expansion where potential opportunity for steel products is added for mutual benefits.


    Key market players in producing steel including ArcelorMittal, ESC group, JFE Steel, Nippon Steel. These companies are considered of steel products based on their revenue generated, R&D activities, brand value and their superior supply chain management system.




    In terms of European countries, the market is segmented into Germany, France, Italy, UK, Spain and rest of Europe. Germany is promising country in producing steel. It contributed almost one forth of the share market in 2020.


    As there is growth in population and increase in public requirements, infrastructure developments are increasing such as, bridges, residential/commercial buildings, docks, etc., which driving the steel market in Europe.



    infographic: Europe Steel Market, Europe Steel Market Size, Europe Steel Market Trends, Europe Steel Market Forecast, Europe Steel Market Risks, Europe Steel Market Report, Europe Steel Market Share




    Europe is responsible for 37% of global steel production. Within Europe, members of EU are considered the second largest steel producer in the world after China. Many companies in Europe contributing best quality steels. Key players for various types of steels are:

    • Crude Steel:
      • Salzgitter AG: Manufacturer of processed steel products for the automobile and construction industries
      • Spartan UK: Manufacturers and produces carbon steel plates
    • Grade Steel:
      • Erasteel: Producer of high-speed steels and offers range of products and grades on market
      • Schmidt + Clemens: Specialists in high-grade steel and cast for worldwide applications
    • Steel casting:
      • LBI: Manufacturers revolving annular or tubular pieces
      • Nedstaal: Supplies ingot cast steels to rolling mills and forging industry
      • William Cook: UK based engineering company and a steel casting manufacturer
    • Stainless steel:
      • Andus group: A group of companies specialized in production of industrial steel, stainless steel
      • Outokumpu Steel company: It is an international stainless steel producing company
      • WS: Processes steel, stainless steel (also with surface treatments)

    Despite of these companies, there are many industries which are key players in the market:

    • ArcelorMittal: According to world steel association, it is worlds largest steel producer in 2019. It provided various steel products for different applications.
    • Celsa: Offers corrugated steel rolls and rods and rolled wire.
    • CSK Steel: Operates in design, manufacture and mounting of steel
    • Ancon: Designs and manufacture steel products for construction industry
    • Ancofer Waldram
    • Cogent Power: The sole producer of electrical in Scandinavia, such as grain oriented electrical steel, non-oriented electrical steel and transformer cores.
    • DSD Steel: Erects and produces steel structures for plant maintenance and industrial installation.
    • Fiav: Specialized in the production of special drawn steel profiles.


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    1. Europe Steel Market size and Forecast, by region, by application
    2. Average B-2-B price for Europe Steel Market, by region, per user
    3. Technology trends and related opportunity for new Europe Steel Market tech suppliers
    4. Europe Steel Market share of leading vendors, by region,
    5. Coronavirus impact on Europe Steel Market earnings
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2030
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
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