Europe Steel Market 2024-2030

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    1. The Europe Steel Market from 2024 to 2030 is projected to witness steady growth, driven by increasing infrastructure development, automotive production, and industrial activities.
    2. Stringent regulations promoting sustainable practices and technological advancements in steel production processes are expected to shape the market dynamics.
    3. Demand for high-strength steel in the automotive sector is anticipated to rise, propelled by the need for lightweight materials to enhance fuel efficiency and meet emission standards.
    4. Construction projects across Europe will fuel the demand for structural steel, particularly in residential and commercial developments.
    5. The market is also likely to benefit from the growing adoption of steel in renewable energy infrastructure, such as wind turbines and solar panel support structures.
    6. Economic recovery post-pandemic and government initiatives promoting industrial growth are forecasted to bolster steel consumption in various sectors.
    7. However, challenges such as fluctuating raw material prices and global trade tensions may pose constraints on market expansion during the forecast period.
    8. Integration of digital technologies like IoT and AI in steel manufacturing processes is anticipated to enhance operational efficiency and product quality.
    9. Market players are focusing on strategic collaborations, mergers, and acquisitions to strengthen their foothold and expand their product portfolios.
    10. Overall, the Europe Steel Market from 2024 to 2030 presents opportunities for growth amidst evolving industry trends and regulatory landscapes, emphasizing sustainability and innovation.
    11. Global steel production overcapacity continues to be an ongoing risk to the entire steel industry, with the OECD estimating that global steel production overcapacity is currently approximately 500 million tons (2022), which is down slightly from previous years (2021). However, additional capacity continues to come online and China’s steel production, the largest steel-producing country, is still near record levels
    12. This growth is expected to be driven by the increasing demand for steel products in the construction and automotive sectors.
    13. There are a number of large and well-established steel producers in Europe, as well as a number of smaller and more specialized producers. This competition helps to keep prices low and quality high.
    14. The automotive sector is another major consumer of steel. The increasing demand for electric vehicles is expected to drive the growth of the automotive sector in the coming years. Electric vehicles require more steel than traditional vehicles, so this is a positive trend for the steel market. 
    15. The cost of raw materials used in steel production, such as iron ore and coal, has been rising in recent years. This is due to a number of factors, including supply chain disruptions, the war in Ukraine, and increasing demand from China. The rising cost of raw materials is making steel production more expensive and reducing the profitability of steel producers. 
    16. Among all the processes used, Hot rolled steel holds the major share of 56% in 2022, and in general, this percentage remains almost the same every year.  
    17. Infra & Construction is the major market of the steel industry with a share of 30-40%, In 2021 it was 31%.
    18. Steel is in high demand for bridges, tunnels, rail track and in constructing buildings such as fueling stations, train stations, ports and airports. About 60% of steel use in this application is as rebar and the rest is sections, plates and rail track, Carbon Steel Is the most produced steel among all the Grades of Steel. 
    19. The increase in global automobile production is a major factor leading to the growth of the high-strength steel market across the globe. The use of high strength steels for manufacturing body panels of automobiles increases their fuel efficiency by reducing their weight by approximately 60%. 




    The Europe Steel Market from 2024 to 2030 is poised for significant growth, driven by several key factors. Firstly, increasing demand from infrastructure projects across the region, including transportation networks and urban redevelopment initiatives, is expected to bolster steel consumption. 


    Additionally, the automotive sector is anticipated to drive demand for high-strength steel as manufacturers strive to produce lighter vehicles for improved fuel efficiency and reduced emissions.


    Furthermore, advancements in steel manufacturing technologies, such as automation and digitalization, are enhancing efficiency and productivity in the industry. This is complemented by a growing emphasis on sustainability, with steel companies investing in cleaner production methods and recycling initiatives to reduce environmental impact.


    Geopolitical factors and trade dynamics will play a crucial role in shaping the European steel market’s landscape. Trade agreements and tariffs, as well as shifts in global supply chains, will influence market dynamics and competitiveness.


    Moreover, the push towards renewable energy sources is expected to drive steel demand for infrastructure projects related to wind and solar energy generation. This presents a significant opportunity for steel producers to expand their market share in the renewable energy sector.


    However, the market is not without its challenges. Fluctuating raw material prices, regulatory uncertainties, and geopolitical tensions pose risks to market stability and profitability. Steel companies will need to navigate these challenges while also adapting to changing consumer preferences and industry trends.


    Overall, the Europe Steel Market from 2024 to 2030 presents a mix of opportunities and challenges. With increasing demand from infrastructure and automotive sectors, coupled with advancements in technology and sustainability initiatives, the industry is poised for growth. 


    However, uncertainties related to geopolitical factors and market dynamics necessitate careful strategic planning and risk management for stakeholders in the European steel market.


    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 2021 (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.



    Steel is a versatile alloy primarily composed of iron and carbon, with additional elements such as manganese, chromium, nickel, and others added to enhance its properties. Its composition and processing methods give rise to various types of steel, including carbon steel, alloy steel, stainless steel, and tool steel.


    Carbon steel, the most common type, offers high strength and durability at a relatively low cost, making it suitable for a wide range of applications such as construction, automotive manufacturing, and machinery production. Alloy steel incorporates other elements to improve specific properties like hardness, corrosion resistance, and heat resistance, making it ideal for specialized uses in aerospace, energy, and infrastructure sectors.


    Stainless steel, renowned for its corrosion resistance and aesthetic appeal, finds extensive use in kitchen appliances, architectural structures, and medical equipment. Tool steel is designed for cutting, shaping, and forming materials in industries such as tool manufacturing and metalworking.


    The benefits of steel include its exceptional strength-to-weight ratio, durability, recyclability, and versatility in fabrication processes. Its widespread use contributes to the development of robust infrastructure, sustainable construction practices, and innovative product designs. However, steel production and usage also pose certain risks and challenges.


    Environmental concerns arise from energy-intensive manufacturing processes, emissions of greenhouse gases, and depletion of natural resources such as iron ore and coal. Additionally, exposure to certain steelmaking byproducts and handling of steel products may pose health risks to workers if proper safety measures are not implemented.


    Moreover, market volatility in raw material prices, fluctuating demand from various industries, and geopolitical factors affecting trade relations can impact the steel industry’s stability. Technological advancements, regulatory changes, and shifting consumer preferences necessitate continuous adaptation and investment in research and development to maintain competitiveness and sustainability in the steel sector.


    Overall, while steel offers numerous benefits and serves as a cornerstone of modern civilization, addressing its associated risks and challenges requires a multifaceted approach integrating innovation, environmental stewardship, and responsible business practices.



    • Sustainability initiatives drive the Europe Steel Market, with increased focus on reducing carbon emissions through cleaner production methods and recycling processes.
    • Adoption of advanced technologies like artificial intelligence and automation enhances efficiency and precision in steel manufacturing, supporting industry growth.
    • Demand for high-performance steel grades rises as industries prioritize lightweight materials for fuel-efficient vehicles and durable infrastructure.
    • Renewable energy projects stimulate steel consumption, particularly in wind turbine towers and solar panel frameworks, reflecting the market’s alignment with green energy goals.
    • Investments in infrastructure development, including transportation networks and urban redevelopment projects, spur demand for structural steel products.
    • Strategic partnerships between steel manufacturers and automotive companies foster innovation in materials engineering, catering to evolving consumer preferences for safety and sustainability.
    • Regulatory frameworks promoting circular economy principles drive investments in recycling infrastructure, reducing reliance on virgin materials and minimizing waste in the steel supply chain.
    • Digitalization of supply chains and production processes optimizes inventory management, logistics, and quality control, enhancing competitiveness in the global market.
    • Geopolitical shifts and trade dynamics influence market stability, prompting stakeholders to diversify supply chains and explore new market opportunities within Europe and beyond.
    • Consumer awareness and demand for responsibly sourced steel products drive transparency initiatives and certifications, reshaping industry standards and customer expectations.



    • ArcelorMittal: Developing advanced high-strength steels (AHSS) for the automotive industry.
    • Thyssenkrupp Steel Europe: Researching new steel grades for wind turbine towers.
    • Salzgitter AG: Investing in production of green steel made with hydrogen.
    • Tata Steel Europe: Developing new lightweight steels for construction applications.
    • Voestalpine AG: Creating new steels for use in additive manufacturing (3D printing).




    By Geography:

    • Northern Europe
    • Western Europe
    • Southern Europe
    • Eastern Europe


    By Product type:

    • Flat products (e.g., sheets, coils)
    • Long products (e.g., bars, beams)


    By End-use application:

    • Construction
    • Automotive
    • Manufacturing
    • Infrastructure

    By Customer type:

    • Large manufacturers
    • SMEs (Small and Medium-sized Enterprises)
    • Distributors




    SI no Company Developments
    1 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 Tata Steel Tata Steel has joined forces with a Danish technology company in order to reduce the greenhouse gas emission.
    3 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 Arcelormittal Air Liquide has partnered with Arcelormittal in order to improve the production of low-carbon steel in their Dunkirk Plant near 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

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    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.



    In terms of European countries, the market is segmented into Germany, France, Italy, UK, Spain and rest of Europe. Germany is a 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 contribute the 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 a range of products and grades on the 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 the 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)


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    • Thyssenkrupp AG
    • Tata Steel Europe
    • Voestalpine AG
    • Salzgitter AG
    • SSAB AB
    • Outokumpu Oyj
    • Severstal
    • Nippon Steel Corporation
    • Riva Group



    1. What are the projected growth rates for the Europe Steel Market from 2024 to 2030?
    2. How are regulatory changes impacting steel production and consumption in Europe?
    3. What are the key drivers of demand for steel in the automotive sector within Europe?
    4. How do infrastructure development projects influence steel consumption patterns in Europe?
    5. What role does digitalization play in optimizing steel manufacturing processes in Europe?
    6. How are sustainability initiatives shaping the strategies of steel companies in Europe?
    7. What are the emerging trends in the European steel market regarding product innovation?
    8. How do geopolitical factors impact the supply and demand dynamics of steel in Europe?
    9. What are the challenges faced by steel manufacturers in Europe regarding raw material sourcing?
    10. How are steel companies adapting to changing consumer preferences for eco-friendly products in Europe?
    11. What are the market opportunities for steel recycling initiatives in Europe?
    12. How does competition among key players in the European steel market influence industry dynamics?
    13. What are the growth prospects for specialty steel segments in Europe, such as stainless steel?
    14. How does the Europe Steel Market compare to global steel market trends and forecasts?
    15. What are the implications of trade agreements and tariffs on the European steel industry?
    16. How do economic factors, such as GDP growth and inflation, impact steel demand in Europe?
    17. What are the technological advancements driving innovation in European steel manufacturing?
    18. How do labor regulations and workforce dynamics affect the European steel market?
    19. What are the challenges and opportunities for steel companies in transitioning to a circular economy model?
    20. How are steel prices expected to trend in Europe over the forecast period?
    21. What are the emerging applications for steel in sectors beyond traditional construction and manufacturing?
    22. How does environmental regulation influence investment decisions in European steel production facilities?
    23. What are the key export markets for European steel products, and how are export volumes expected to change?
    24. What strategies are steel companies employing to mitigate supply chain risks in Europe?
    25. How are financial performance metrics for European steel companies expected to evolve over the forecast period?
    26. What are the implications of Brexit on the European steel market and trade relations with the UK?
    27. How do disruptions such as natural disasters or pandemics affect the resilience of the European steel industry?
    28. How are changes in energy prices and availability influencing the cost structure of steel production in Europe?
    S No Titles
    1 Market Segmentation
    2 Scope of the Report
    3 Research Methodology
    4 Executive Summary
    5 Introduction
    6 Average B-2-B Selling Price in Past 5 Years
    7 Insights from Industry Stakeholders
    8 Cost Breakdown of Product Components and Average Profit Margin
    9 Disruptive Innovation in the Industry
    10 Technological Innovations in Europe Steel Market 2024-2030
    11 Blast Furnace-Basic Oxygen Furnace (BOF) Route
    12 Electric Arc Furnace (EAF) Route
    13 Direct Reduced Iron (DRI) Technology
    14 Automation and Robotics in Steel Mills
    15 Artificial Intelligence for Process Optimization
    16 Advanced Recycling Technologies for Scrap Steel
    17 Reduction of CO2 Emissions through Green Steel Production using Hydrogen
    18 Development of life-cycle Assessments for Steel Products
    19 Increasing Energy Efficiency in Steel Mills
    20 New Product Development in the Past 12 Months
    21 Market Size, Dynamics, and Forecast by Geography (2024-2030)
    22 Market Size, Dynamics, and Forecast by Product Type (2024-2030)
    23 Market Size, Dynamics, and Forecast by Customer Type (2024-2030)
    24 Market Size, Dynamics, and Forecast by End-use Application (2024-2030)
    25 Competitive Landscape and Market Share Analysis
    26 Growth Strategy of Leading Players
    27 Market Share of Vendors (2023)
    28 Company Profiles
    29 Unmet Needs and Opportunities for New Suppliers
    30 Conclusion
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