Mining Steel Industry Market Report I BIS Research

Market Research Report

A quick peek into the report

1.1   Trends: Current and Future Impact Assessment
1.1.1   Automation in Mining and Steel Production Processes
1.1.2   Increased Demand from Emerging Markets
1.2   Supply Chain Overview
1.2.1   Value Chain Analysis
1.2.1.1   Key Iron Ore Producing Nations and Mining Capacity
1.2.1.2   Key Coking Coal Exporting Nations
1.2.2   Supply Chain Constraints
1.2.3   Impact of Geopolitical Issues on Steel Production
1.2.4   Trump's Impact on U.S. Steel Imports and Exports
1.2.5   Pricing Analysis
1.2.6   Market Map (Stakeholder Mapping across Value Chain)
1.3   Patent Filing Trend (by Country, Company)
1.4   Market Dynamics Overview
1.4.1   Market Drivers
1.4.1.1   Urbanization and Infrastructure Growth
1.4.1.2   Public-Private Investments in Infrastructure
1.4.2   Market Restraints
1.4.2.1   Volatility in Raw Material Prices
1.4.2.2   Geopolitical and Trade Tensions
1.4.3   Market Opportunities
1.4.3.1   Growing Demand for Specialty Steel Products
1.4.3.2   Technological Innovation in Steelmaking
1.5   Steel Production Scenario
1.5.1   Production Capacity Outlook (2024-2034)
1.5.2   Regulatory Landscape
1.5.3   Stakeholder Analysis
1.5.4   Installed Capacity by Production Process (Blast Furnace-BOF and DRI-EAF)
1.5.5   Upcoming Projects and Capacity Additions (2025-2035)
1.5.6   Ongoing Investments
1.5.7   Scrap Recycling Market Overview
1.5.8   Emission Reduction Initiatives (Mining Steel Industry Transition)
1.6   Green-Steel Market Outlook
1.6.1   Market Size and Growth Forecast (2024-2034)
1.6.2   Impact of Green Steel on Conventional Steel Market
1.6.3   Challenges and Enablers for Green-Steel Adoption
1.6.4   Key Green-Steel Projects and Initiatives

2.1   Application Segmentation
2.2   Application Summary
2.3   Global Mining Steel Industry Market (by End-Use Application)
2.3.1   Transportation (Automotive and Other Transportation)
2.3.2   Building, Construction, and Infrastructure
2.3.3   Industrial Equipment and Manufacturing
2.3.4   Consumer Goods and Appliances
2.3.5   Packaging
2.3.6   Others

3.1   Product Segmentation
3.2   Product Summary
3.3   Global Mining Steel Industry Market (by Production Methodology)
3.3.1   Blast Furnace - Basic Oxygen Furnace (BF-BOF)
3.3.2   Direct Reduced Iron - Electric Arc Furnace (DRI-EAF)
3.3.3   Other Emerging Technologies
3.4   Global Mining Steel Industry Market (by End-Products)
3.4.1   Carbon Steel
3.4.2   Alloy Steel
3.4.3   Stainless Steel
3.4.4   High-Strength Steel
3.4.5   Others

4.1   Regional Summary
4.2   North America
4.2.1   Markets
4.2.1.1   Key Market Participants in North America
4.2.1.2   Driving Factors for Market Growth
4.2.1.3   Factors Challenging the Market
4.2.2   Application
4.2.3   Product
4.2.4   Mining-Steel Industry Production Scenario
4.2.5   North America (by Country)
4.2.5.1   U.S.
4.2.5.1.1   Application
4.2.5.1.2   Product
4.2.5.1.3   Installed Capacity and Production by Process
4.2.5.1.3.1   Upcoming Projects
4.2.5.1.3.2   Ongoing Investments
4.2.5.1.3.3   Scrap Recycling Overview
4.2.5.1.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.2.5.1.4.1   Consumption by Key Companies
4.2.5.1.4.2   Import Locations/Countries
4.2.5.2   Canada
4.2.5.2.1   Application
4.2.5.2.2   Product
4.2.5.2.3   Installed Capacity and Production by Process
4.2.5.2.3.1   Upcoming Projects
4.2.5.2.3.2   Ongoing Investments
4.2.5.2.3.3   Scrap Recycling Overview
4.2.5.2.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.2.5.2.4.1   Consumption by Key Companies
4.2.5.2.4.2   Import Locations/Countries
4.2.5.3   Mexico
4.2.5.3.1   Application
4.2.5.3.2   Product
4.2.5.3.3   Installed Capacity and Production by Process
4.2.5.3.3.1   Upcoming Projects
4.2.5.3.3.2   Ongoing Investments
4.2.5.3.3.3   Scrap Recycling Overview
4.2.5.3.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.2.5.3.4.1   Consumption by Key Companies
4.2.5.3.4.2   Import Locations/Countries
4.3   Europe
4.3.1   Markets
4.3.1.1   Key Market Participants in Europe
4.3.1.2   Driving Factors for Market Growth
4.3.1.3   Factors Challenging the Market
4.3.2   Application
4.3.3   Product
4.3.4   Mining-Steel Industry Production Scenario
4.3.5   Europe (by Country)
4.3.5.1   Germany
4.3.5.1.1   Application
4.3.5.1.2   Product
4.3.5.1.3   Installed Capacity and Production by Process
4.3.5.1.3.1   Upcoming Projects
4.3.5.1.3.2   Ongoing Investments
4.3.5.1.3.3   Scrap Recycling Overview
4.3.5.1.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.3.5.1.4.1   Consumption by Key Companies
4.3.5.1.4.2   Import Locations/Countries
4.3.5.2   France
4.3.5.2.1   Application
4.3.5.2.2   Product
4.3.5.2.3   Installed Capacity and Production by Process
4.3.5.2.3.1   Upcoming Projects
4.3.5.2.3.2   Ongoing Investments
4.3.5.2.3.3   Scrap Recycling Overview
4.3.5.2.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.3.5.2.4.1   Consumption by Key Companies
4.3.5.2.4.2   Import Locations/Countries
4.3.5.3   Austria
4.3.5.3.1   Application
4.3.5.3.2   Product
4.3.5.3.3   Installed Capacity and Production by Process
4.3.5.3.3.1   Upcoming Projects
4.3.5.3.3.2   Ongoing Investments
4.3.5.3.3.3   Scrap Recycling Overview
4.3.5.3.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.3.5.3.4.1   Consumption by Key Companies
4.3.5.3.4.2   Import Locations/Countries
4.3.5.4   Italy
4.3.5.4.1   Application
4.3.5.4.2   Product
4.3.5.4.3   Installed Capacity and Production by Process
4.3.5.4.3.1   Upcoming Projects
4.3.5.4.3.2   Ongoing Investments
4.3.5.4.3.3   Scrap Recycling Overview
4.3.5.4.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.3.5.4.4.1   Consumption by Key Companies
4.3.5.4.4.2   Import Locations/Countries
4.3.5.5   U.K.
4.3.5.5.1   Application
4.3.5.5.2   Product
4.3.5.5.3   Installed Capacity and Production by Process
4.3.5.5.3.1   Upcoming Projects
4.3.5.5.3.2   Ongoing Investments
4.3.5.5.3.3   Scrap Recycling Overview
4.3.5.5.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.3.5.5.4.1   Consumption by Key Companies
4.3.5.5.4.2   Import Locations/Countries
4.3.5.6   Rest-of-Europe
4.3.5.6.1   Application
4.3.5.6.2   Product
4.3.5.6.3   Installed Capacity and Production by Process
4.3.5.6.3.1   Upcoming Projects
4.3.5.6.3.2   Ongoing Investments
4.3.5.6.3.3   Scrap Recycling Overview
4.3.5.6.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.3.5.6.4.1   Consumption by Key Companies
4.3.5.6.4.2   Import Locations/Countries
4.4   Asia-Pacific
4.4.1   Markets
4.4.1.1   Key Market Participants in Asia-Pacific
4.4.1.2   Driving Factors for Market Growth
4.4.1.3   Factors Challenging the Market
4.4.2   Application
4.4.3   Product
4.4.4   Mining-Steel Industry Production Scenario
4.4.5   Asia-Pacific (by Country)
4.4.5.1   China
4.4.5.1.1   Application
4.4.5.1.2   Product
4.4.5.1.3   Installed Capacity and Production by Process
4.4.5.1.3.1   Upcoming Projects
4.4.5.1.3.2   Ongoing Investments
4.4.5.1.3.3   Scrap Recycling Overview
4.4.5.1.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.4.5.1.4.1   Consumption by Key Companies
4.4.5.1.4.2   Import Locations/Countries
4.4.5.2   Japan
4.4.5.2.1   Application
4.4.5.2.2   Product
4.4.5.2.3   Installed Capacity and Production by Process
4.4.5.2.3.1   Upcoming Projects
4.4.5.2.3.2   Ongoing Investments
4.4.5.2.3.3   Scrap Recycling Overview
4.4.5.2.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.4.5.2.4.1   Consumption by Key Companies
4.4.5.2.4.2   Import Locations/Countries
4.4.5.3   India
4.4.5.3.1   Application
4.4.5.3.2   Product
4.4.5.3.3   Installed Capacity and Production by Process
4.4.5.3.3.1   Upcoming Projects
4.4.5.3.3.2   Ongoing Investments
4.4.5.3.3.3   Scrap Recycling Overview
4.4.5.3.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.4.5.3.4.1   Consumption by Key Companies
4.4.5.3.4.2   Import Locations/Countries
4.4.5.4   South Korea
4.4.5.4.1   Application
4.4.5.4.2   Product
4.4.5.4.3   Installed Capacity and Production by Process
4.4.5.4.3.1   Upcoming Projects
4.4.5.4.3.2   Ongoing Investments
4.4.5.4.3.3   Scrap Recycling Overview
4.4.5.4.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.4.5.4.4.1   Consumption by Key Companies
4.4.5.4.4.2   Import Locations/Countries
4.4.5.5   Australia
4.4.5.5.1   Application
4.4.5.5.2   Product
4.4.5.5.3   Installed Capacity and Production by Process
4.4.5.5.3.1   Upcoming Projects
4.4.5.5.3.2   Ongoing Investments
4.4.5.5.3.3   Scrap Recycling Overview
4.4.5.5.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.4.5.5.4.1   Consumption by Key Companies
4.4.5.5.4.2   Import Locations/Countries
4.4.5.6   Rest-of-Asia-Pacific
4.4.5.6.1   Application
4.4.5.6.2   Product
4.4.5.6.3   Installed Capacity and Production by Process
4.4.5.6.3.1   Upcoming Projects
4.4.5.6.3.2   Ongoing Investments
4.4.5.6.3.3   Scrap Recycling Overview
4.4.5.6.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.4.5.6.4.1   Consumption by Key Companies
4.4.5.6.4.2   Import Locations/Countries
4.5   Rest-of-the-World
4.5.1   Markets
4.5.1.1   Driving Factors for Market Growth
4.5.1.2   Factors Challenging the Market
4.5.2   Application
4.5.3   Product
4.5.4   Mining-Steel Industry Production Scenario
4.5.5   Rest-of-the-World (by Region)
4.5.5.1   Middle East and Africa
4.5.5.1.1   Application
4.5.5.1.2   Product
4.5.5.1.3   Installed Capacity and Production by Process
4.5.5.1.3.1   Upcoming Projects
4.5.5.1.3.2   Ongoing Investments
4.5.5.1.3.3   Scrap Recycling Overview
4.5.5.1.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.5.5.1.4.1   Consumption by Key Companies
4.5.5.1.4.2   Import Locations/Countries
4.5.5.2   South America
4.5.5.2.1   Application
4.5.5.2.2   Product
4.5.5.2.3   Installed Capacity and Production by Process
4.5.5.2.3.1   Upcoming Projects
4.5.5.2.3.2   Ongoing Investments
4.5.5.2.3.3   Scrap Recycling Overview
4.5.5.2.4   Raw Material Analysis (Iron Ore, Coking Coal, Scrap)
4.5.5.2.4.1   Consumption by Key Companies
4.5.5.2.4.2   Import Locations/Countries

5.1   Next Frontiers
5.2   Geographic Assessment
5.3   Company Profiles
5.3.1   ArcelorMittal
5.3.1.1   Overview
5.3.1.2   Top Products/Product Portfolio
5.3.1.3   Top Competitors
5.3.1.4   End-Use Industry
5.3.1.5   Key Personnel
5.3.1.6   Analyst View
5.3.1.7   Market Share, 2023
5.3.2   thyssenkrupp AG
5.3.2.1   Overview
5.3.2.2   Top Products/Product Portfolio
5.3.2.3   Top Competitors
5.3.2.4   End-Use Industry
5.3.2.5   Key Personnel
5.3.2.6   Analyst View
5.3.2.7   Market Share, 2023
5.3.3   NIPPON STEEL CORPORATION
5.3.3.1   Overview
5.3.3.2   Top Products/Product Portfolio
5.3.3.3   Top Competitors
5.3.3.4   End-Use Industry
5.3.3.5   Key Personnel
5.3.3.6   Analyst View
5.3.3.7   Market Share, 2023
5.3.4   China Ansteel Group Corporation Limited
5.3.4.1   Overview
5.3.4.2   Top Products/Product Portfolio
5.3.4.3   Top Competitors
5.3.4.4   End-Use Industry
5.3.4.5   Key Personnel
5.3.4.6   Analyst View
5.3.4.7   Market Share, 2023
5.3.5   China Jianlong Steel Industriai Co Ltd.
5.3.5.1   Overview
5.3.5.2   Top Products/Product Portfolio
5.3.5.3   Top Competitors
5.3.5.4   End-Use Industry
5.3.5.5   Analyst View
5.3.5.6   Market Share, 2023
5.3.6   Salzgitter AG
5.3.6.1   Overview
5.3.6.2   Top Products/Product Portfolio
5.3.6.3   Top Competitors
5.3.6.4   End-Use Industry
5.3.6.5   Key Personnel
5.3.6.6   Analyst View
5.3.6.7   Market Share, 2023
5.3.7   Tata Steel
5.3.7.1   Overview
5.3.7.2   Top Products/Product Portfolio
5.3.7.3   Top Competitors
5.3.7.4   End-Use Industry
5.3.7.5   Key Personnel
5.3.7.6   Analyst View
5.3.7.7   Market Share, 2023
5.3.8   JSW
5.3.8.1   Overview
5.3.8.2   Top Products/Product Portfolio
5.3.8.3   Top Competitors
5.3.8.4   End-Use Industry
5.3.8.5   Key Personnel
5.3.8.6   Analyst View
5.3.8.7   Market Share, 2023
5.3.9   JFE Steel Corporation
5.3.9.1   Overview
5.3.9.2   Top Products/Product Portfolio
5.3.9.3   Top Competitors
5.3.9.4   End-Use Industry
5.3.9.5   Key Personnel
5.3.9.6   Analyst View
5.3.9.7   Market Share, 2023
5.3.10   Nucor Corporation
5.3.10.1   Overview
5.3.10.2   Top Products/Product Portfolio
5.3.10.3   Top Competitors
5.3.10.4   End-Use Industry
5.3.10.5   Key Personnel
5.3.10.6   Analyst View
5.3.10.7   Market Share, 2023
5.3.11   Shandong Lenser materials Co.,LTD.
5.3.11.1   Overview
5.3.11.2   Top Products/Product Portfolio
5.3.11.3   Top Competitors
5.3.11.4   End-Use Industry
5.3.11.5   Analyst View
5.3.11.6   Market Share, 2023
5.3.12   HYUNDAI STEEL
5.3.12.1   Overview
5.3.12.2   Top Products/Product Portfolio
5.3.12.3   Top Competitors
5.3.12.4   End-Use Industry
5.3.12.5   Key Personnel
5.3.12.6   Analyst View
5.3.12.7   Market Share, 2023
5.3.13   Jindal Steel & Power Limited
5.3.13.1   Overview
5.3.13.2   Top Products/Product Portfolio
5.3.13.3   Top Competitors
5.3.13.4   End-Use Industry
5.3.13.5   Key Personnel
5.3.13.6   Analyst View
5.3.13.7   Market Share, 2023
5.3.14   SAIL
5.3.14.1   Overview
5.3.14.2   Top Products/Product Portfolio
5.3.14.3   Top Competitors
5.3.14.4   End-Use Industry
5.3.14.5   Key Personnel
5.3.14.6   Analyst View
5.3.14.7   Market Share, 2023
5.3.15   Cleveland-Cliffs Inc.
5.3.15.1   Overview
5.3.15.2   Top Products/Product Portfolio
5.3.15.3   Top Competitors
5.3.15.4   End-Use Industry
5.3.15.5   Key Personnel
5.3.15.6   Analyst View
5.3.15.7   Market Share, 2023

6.1   Data Sources
6.1.1   Primary Data Sources
6.1.2   Secondary Data Sources
6.1.3   Data Triangulation
6.2   Market Estimation and Forecast

Table 1:   Market Snapshot
Table 2:   Opportunities across Region
Table 3:   Competitive Landscape Snapshot
Table 4:   Trends Overview
Table 5:   Impact Analysis of Market Navigating Factors, 2024-2035
Table 6:   Major Infrastructure Projects and Expected Steel Demand Increase
Table 7:   Regulations/Standards in the Global Mining Steel Industry
Table 8:   Upcoming Projects and Capacity Additions in the Global Mining Steel Industry Market
Table 9:   World's Largest Iron Ore Producers and their Capacity
Table 10:   Ongoing Investments in the Global Mining Steel Industry Market
Table 11:   Lifespan of Steel Products and their Recycling Rates
Table 12:   Recycled Steel Use in Crude Steel Production, Million Tons, 2022
Table 13:   Climate Targets of Global Steel Manufacturers
Table 14:   Green Steelmaking Initiatives
Table 15:   Application Summary (by End-Use Application)
Table 16:   Product Summary (by Production Methodology)
Table 17:   Product Summary (by End Products)
Table 18:   Global Mining-Steel Industry Market (by Region), $Billion, 2024-2035
Table 19:   North America Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 20:   North America Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 21:   North America Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 22:   U.S. Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 23:   U.S. Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 24:   U.S. Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 25:   List of Upcoming Projects in U.S.
Table 26:   Investment Scenario in U.S.
Table 27:   Estimated Consumption of Raw Materials by Key Companies in U.S.
Table 28:   Canada Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 29:   Canada Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 30:   Canada Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 31:   List of Upcoming Projects in Canada
Table 32:   Investment Scenario in Canada
Table 33:   Mexico Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 34:   Mexico Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 35:   Mexico Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 36:   List of Upcoming Projects in Mexico
Table 37:   Investment Scenario in Mexico
Table 38:   Europe Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 39:   Europe Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 40:   Europe Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 41:   Germany Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 42:   Germany Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 43:   Germany Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 44:   List of Upcoming Projects in Germany
Table 45:   Investment Scenario in Germany
Table 46:   France Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 47:   France Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 48:   France Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 49:   List of Upcoming Projects in France
Table 50:   Investment Scenario in France
Table 51:   Austria Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 52:   Austria Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 53:   Austria Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 54:   List of Upcoming Projects in Austria
Table 55:   Investment Scenario in Austria
Table 56:   Italy Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 57:   Italy Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 58:   Italy Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 59:   List of Upcoming Projects in Italy
Table 60:   Investment Scenario in Italy
Table 61:   U.K. Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 62:   U.K. Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 63:   U.K. Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 64:   List of Upcoming Projects in U.K.
Table 65:   Investment Scenario in U.K.
Table 66:   Rest-of-Europe Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 67:   Rest-of-Europe Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 68:   Rest-of-Europe Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 69:   List of Upcoming Projects in Rest-of-Europe
Table 70:   Investment Scenario in Rest-of-Europe
Table 71:   Asia-Pacific Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 72:   Asia-Pacific Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 73:   Asia-Pacific Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 74:   China Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 75:   China Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 76:   China Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 77:   List of Upcoming Projects in China
Table 78:   Investment Scenario in China
Table 79:   Japan Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 80:   Japan Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 81:   Japan Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 82:   List of Upcoming Projects in Japan
Table 83:   Investment Scenario in Japan
Table 84:   India Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 85:   India Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 86:   India Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 87:   List of Upcoming Projects in India
Table 88:   Investment Scenario in India
Table 89:   South Korea Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 90:   South Korea Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 91:   South Korea Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 92:   List of Upcoming Projects in South Korea
Table 93:   Investment Scenario in South Korea
Table 94:   Australia Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 95:   Australia Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 96:   Australia Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 97:   List of Upcoming Projects in Australia
Table 98:   Investment Scenario in Australia
Table 99:   Rest-of-Asia-Pacific Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 100:   Rest-of-Asia-Pacific Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 101:   Rest-of-Asia-Pacific Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 102:   List of Upcoming Projects in Rest-of-Asia-Pacific
Table 103:   Investment Scenario in Rest-of-Asia-Pacific
Table 104:   Rest-of-the-World Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 105:   Rest-of-the-World Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 106:   Rest-of-the-World Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 107:   Middle East and Africa Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 108:   Middle East and Africa Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 109:   Middle East and Africa Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 110:   List of Upcoming Projects in Middle East and Africa
Table 111:   Investment Scenario in Middle East and Africa
Table 112:   South America Mining-Steel Industry Market (by End-Use Application), $Billion, 2024-2035
Table 113:   South America Mining-Steel Industry Market (by Production Methodology), $Billion, 2024-2035
Table 114:   South America Mining-Steel Industry Market (by End Products), $Billion, 2024-2035
Table 115:   List of Upcoming Projects in South America
Table 116:   Investment Scenario in South America
Table 117:   Market Share

Figure 1:   Mining Steel Industry Market (by Scenario), $Billion, 2025, 2028, and 2035
Figure 2:   Global Mining-Steel Industry Market (by Region), $Billion, 2024, 2028, and 2035
Figure 3:   Global Mining Steel Industry Market (by End-Use Application), $Billion, 2024, 2028, and 2035
Figure 4:   Global Mining Steel Industry Market (by Production Methodology), $Billion, 2024, 2028, and 2035
Figure 5:   Global Mining Steel Industry Market (by End Products), $Billion, 2024, 2028, and 2035
Figure 6:   Key Events
Figure 7:   Cumulative Growth of Autonomous Haulage System (AHS) Trucks in Open-Pit Mining Operations, 2019-2023
Figure 8:   Estimated Country-Wise Deployment of AHS Trucks, 2023
Figure 9:   Apparent Steel Consumption in Some of the Emerging Markets, Million Tons, 2020-2023
Figure 10:   Supply Chain
Figure 11:   Value Chain
Figure 12:   Key Iron Ore Producing Countries and their Mining Capacity, Million Tons, 2023
Figure 13:   Key Coking Coal Exporting Nations, % Share, 2023
Figure 14:   Pricing Analysis of the Global Mining Steel Industry Market, $/Ton, 2024-2035
Figure 15:   Stakeholder Mapping across Value Chain
Figure 16:   Patent Analysis (by Country), January 2022-March 2025
Figure 17:   Patent Analysis (by Company), January 2022-March 2025
Figure 18:   Global Population Living in Urban and Rural Areas, $Billion, 2019-2023
Figure 19:   Regional Private Participation in Infrastructure, $Billion, 2022 and 2023
Figure 20:   Additional Financing Included in the Bipartisan Infrastructure Law, $Billion
Figure 21:   Estimated Capital Expenditures for Top Six Large Steel Companies, $Billion
Figure 22:   Production Capacity Outlook of Global Mining Steel Industry Market, Million Tons, 2024-2034
Figure 23:   Stakeholder Analysis in the Global Mining Steel Industry Market
Figure 24:   Estimated Installed Capacity by Blast Furnace-BOF Process in Different Regions, Million Tons, 2021-2024
Figure 25:   Estimated Installed Capacity by DRI-EAF Process in Different Regions, Million Tons, 2021-2024
Figure 26:   Estimated Steel Capacity (TTPA) by Development Status in Each Region, Million Tons, 2025
Figure 27:   Steel Production Output
Figure 28:   Green Steel Market (by Scenario), $Billion, 2023, 2026, and 2034
Figure 29:   Conventional Steel Overview
Figure 30:   Production Process Overview
Figure 31:   Companies Across the Green Steel Value Chain
Figure 32:   World Crude Steel Production by Basic Oxygen Furnace Process, Million Tons, 2019-2022
Figure 33:   World Crude Steel Production by Electric Arc Furnace (EAF) Process, Million Tons, 2019-2022
Figure 34:   Major Steel Producers in North America: Headquarters and 2023 Steel Production
Figure 35:   Estimated Crude Steel Production Capacity and Actual Crude Steel Production in North America, Million Tons, 2021-2024
Figure 36:   U.S. Mining-Steel Industry Market, $Billion, 2024-2035
Figure 37:   Total Crude Steel Production, U.S., Thousand Tons, 2021-2024
Figure 38:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 39:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 40:   U.S. Iron and Steel Scrap Production and Consumption, Million Metric Tons, 2019-2023
Figure 41:   Breakdown of U.S. Steel's Annual Recycling and Co-Product Use
Figure 42:   Nucor Corporation's Flexible Raw Materials Mix
Figure 43:   Raw Materials Import Countries/Location
Figure 44:   Canada Mining-Steel Industry Market, $Billion, 2024-2035
Figure 45:   Total Crude Steel Production, Canada, Thousand Tons, 2021-2024
Figure 46:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 47:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 48:   Canada Steel Scrap Exports, Million Tons, 2019-2021
Figure 49:   Share of Canada Steel Scrap Export and Import, 2021
Figure 50:   Mine Production (Shipments) of Iron Ore, by Province and Territory in Canada, 2023
Figure 51:   Raw Materials Import Countries/Location
Figure 52:   Mexico Mining-Steel Industry Market, $Billion, 2024-2035
Figure 53:   Total Crude Steel Production, Mexico, Thousand Tons, 2021-2024
Figure 54:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 55:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 56:   Steel Scrap Exported to U.S., Million Tons, 2020-2021
Figure 57:   Raw Materials Import Countries/Location
Figure 58:   Major Steel Producers in Europe: Headquarters and 2023 Steel Production
Figure 59:   Estimated Crude Steel Production Capacity and Actual Crude Steel Production in Europe, Million Tons, 2021-2024
Figure 60:   Germany Mining-Steel Industry Market, $Billion, 2024-2035
Figure 61:   Total Crude Steel Production, Germany, Thousand Tons, 2021-2024
Figure 62:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 63:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 64:   External Steel Scrap Exports, Germany, 2020-2021
Figure 65:   Raw Materials Import Countries/Location
Figure 66:   France Mining-Steel Industry Market, $Billion, 2024-2035
Figure 67:   Total Crude Steel Production, France, Thousand Tons, 2021-2024
Figure 68:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 69:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 70:   Main Steel Scrap Export, France, Million Tons, 2020-2021
Figure 71:   Raw Materials Import Countries/Location
Figure 72:   Austria Mining-Steel Industry Market, $Billion, 2024-2035
Figure 73:   Total Crude Steel Production, Austria, Thousand Tons, 2021-2024
Figure 74:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 75:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 76:   Main Steel Scrap Export, Austria, Million Tons, 2020-2021
Figure 77:   Raw Materials Import Countries/Location
Figure 78:   Italy Mining-Steel Industry Market, $Billion, 2024-2035
Figure 79:   Total Crude Steel Production, Italy, Thousand Tons, 2021-2024
Figure 80:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 81:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 82:   Raw Materials Import Countries/Location
Figure 83:   U.K. Mining-Steel Industry Market, $Billion, 2024-2035
Figure 84:   Total Crude Steel Production, U.K., Thousand Tons, 2021-2024
Figure 85:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 86:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 87:   Steel Scrap Export, U.K., Million Tons, 2020-2021
Figure 88:   Raw Materials Import Countries/Location
Figure 89:   Rest-of-Europe Mining-Steel Industry Market, $Billion, 2024-2035
Figure 90:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 91:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 92:   Raw Materials Import Countries/Location
Figure 93:   North Major Steel Producers in Asia-Pacific: Headquarters and 2023 Steel Production
Figure 94:   Estimated Crude Steel Production Capacity and Actual Crude Steel Production in Asia-Pacific, Million Tons, 2021-2024
Figure 95:   China Mining-Steel Industry Market, $Billion, 2024-2035
Figure 96:   Total Crude Steel Production, China, Thousand Tons, 2021-2024
Figure 97:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 98:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 99:   Steel Scrap Use for Steelmaking in China, Million Tons, 2019-2021
Figure 100:   Raw Materials Import Countries/Location
Figure 101:   Japan Mining-Steel Industry Market, $Billion, 2024-2035
Figure 102:   Total Crude Steel Production, Japan, Thousand Tons, 2021-2024
Figure 103:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 104:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 105:   Raw Materials Import Countries/Location
Figure 106:   Steel Scrap Use for Steelmaking in Japan, Million Tons, 2019-2021
Figure 107:   India Mining-Steel Industry Market, $Billion, 2024-2035
Figure 108:   Total Crude Steel Production, India, Thousand Tons, 2021-2024
Figure 109:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 110:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 111:   Steel Scrap Imports in India, Million Tons, 2019-2021
Figure 112:   Raw Materials Import Countries/Location
Figure 113:   South Korea Mining-Steel Industry Market, $Billion, 2024-2035
Figure 114:   Total Crude Steel Production, South Korea, Thousand Tons, 2021-2024
Figure 115:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 116:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 117:   Raw Materials Import Countries/Location
Figure 118:   Australia Mining-Steel Industry Market, $Billion, 2024-2035
Figure 119:   Total Crude Steel Production, Australia, Thousand Tons, 2021-2024
Figure 120:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 121:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 122:   Steel Scrap Exports, Australia, Million Tons, 2019-2021
Figure 123:   Raw Materials Import Countries/Location
Figure 124:   Rest-of-Asia-Pacific Mining-Steel Industry Market, $Billion, 2024-2035
Figure 125:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 126:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 127:   Raw Materials Import Countries/Location
Figure 128:   Estimated Crude Steel Production Capacity and Actual Crude Steel Production in Rest-of-the-World, in Million Tons, 2021-2024
Figure 129:   Middle East and Africa Mining-Steel Industry Market, $Billion, 2024-2035
Figure 130:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 131:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 132:   Raw Materials Import Countries/Location
Figure 133:   South America Mining-Steel Industry Market, 2024-2035
Figure 134:   Installed Capacity and Production by BF-BAF Process, Million Tons, 2021-2024
Figure 135:   Installed Capacity and Production by DRI-EAF Process, Million Tons, 2021-2024
Figure 136:   Raw Materials Import Countries/Location
Figure 137:   Strategic Initiatives, January 2022-March 2025
Figure 138:   Share of Strategic Initiatives, 2023
Figure 139:   Data Triangulation
Figure 140:   Top-Down and Bottom-Up Approach
Figure 141:   Assumptions and Limitations

Mining Steel Industry Market Report Coverage

Mining Steel Industry Market
Base Year	2024	Market Size in 2024	$875.7 Billion
Forecast Period	2025-2035	Value Projection and Estimation by 2035	$1,450.3 Billion
CAGR During Forecast Period	4.63%	Number of Pages	260
Number of Tables	117	Number of Figures	141

Key Mining Steel Industry Market Players and Competition Synopsis

The companies that are profiled in the global mining steel industry market have been selected based on inputs gathered from primary experts who have analyzed company coverage, product portfolio, and market penetration.

Some of the prominent names in this market are:

•   ArcelorMittal
•   thyssenkrupp AG
•   NIPPON STEEL CORPORATION
•   China Ansteel Group Corporation Limited
•   China Jianlong Steel Industriai Co Ltd.
•   Salzgitter AG
•   Tata Steel
•   JSW
•   JFE Steel Corporation
•   Nucor Corporation
•   Shandong Lenser materials Co.,LTD.
•   HYUNDAI STEEL
•   Jindal Steel & Power Limited
•   SAIL
•   Cleveland-Cliffs Inc.

Companies not part of the aforementioned pool have been well represented across different sections of the report (wherever applicable).

How can this report add value to an organization?

Product/Innovation Strategy: The global mining steel industry market is segmented based on various applications, production methodology, and end-products, which provides valuable insights. By end-use application segment includes transportation (automotive and other transportation), building, construction, and infrastructure, consumer goods and appliances, industrial equipment and manufacturing, packaging, and others. By production methodology, the market is categorized into a blast furnace-basic oxygen furnace (BF-BOF), direct reduced iron-electric arc furnace (DRI-EAF), and other emerging technologies. Lastly, the end products include carbon steel, alloy steel, stainless steel, high-strength steel, and others.

Growth/Marketing Strategy: The global mining steel industry market has been growing. The market offers enormous opportunities for existing and emerging market players. Some of the strategies covered in this segment are mergers and acquisitions, product launches, partnerships and collaborations, business expansions, and investments. The strategies preferred by companies to maintain and strengthen their market position primarily include product development.

Competitive Strategy: The key players in the global mining steel industry market analyzed and profiled in the study include professionals with expertise in the mining and steel industry. Additionally, a comprehensive competitive landscape such as partnerships, agreements, and collaborations are expected to aid the reader in understanding the untapped revenue pockets in the market.

Research Methodology

Factors for Data Prediction and Modelling

•   The base currency considered for the market analysis is US$. Currencies other than the US$ have been converted to the US$ for all statistical calculations, considering the average conversion rate for that particular year.
•   The currency conversion rate was taken from the historical exchange rate on the Oanda website.
•   Nearly all the recent developments from January 2022 to March 2025 have been considered in this research study.
•   The information rendered in the report is a result of in-depth primary interviews, surveys, and secondary analysis.
•   Where relevant information was not available, proxy indicators and extrapolation were employed.
•   Any economic downturn in the future has not been taken into consideration for the market estimation and forecast.
•   Technologies currently used are expected to persist through the forecast with no major technological breakthroughs.

Market Estimation and Forecast

This research study involves the usage of extensive secondary sources, such as certified publications, articles from recognized authors, white papers, annual reports of companies, directories, and major databases to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global mining steel industry market.

The market engineering process involves the calculation of the market statistics, market size estimation, market forecast, market crackdown, and data triangulation (the methodology for such quantitative data processes is explained in further sections). The primary research study has been undertaken to gather information and validate the market numbers for segmentation types and industry trends of the key players in the market.

Primary Research

The primary sources involve industry experts from the global mining steel industry market and various stakeholders in the ecosystem. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.

The key data points taken from primary sources include:

• validation and triangulation of all the numbers and graphs
• validation of reports segmentation and key qualitative findings
• understanding the competitive landscape
• validation of the numbers of various markets for market type
• percentage split of individual markets for geographical analysis

Secondary Research

This research study of the global mining steel industry market involves the usage of extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global market. In addition to the aforementioned data sources, the study has been undertaken with the help of other data sources and websites, such as IRENA and IEA.

Secondary research was done in order to obtain crucial information about the industry’s value chain, revenue models, the market’s monetary chain, the total pool of key players, and the current and potential use cases and applications.

The key data points taken from secondary research include:

• segmentations and percentage shares
• data for market value
• key industry trends of the top players of the market
• qualitative insights into various aspects of the market, key trends, and emerging areas of innovation
• quantitative data for mathematical and statistical calculations

Global Mining Steel Industry Market Overview

The global mining steel industry market was valued at $875.7 billion in 2024 and is projected to grow at a CAGR of 4.63%, reaching $1,450.3 billion by 2035. This growth has been driven by the increasing demand for steel across various sectors, including construction, automotive, and infrastructure. The market is further strengthened by the industry's shift toward more sustainable practices, such as adopting electric arc furnaces (EAF), direct reduced iron (DRI) technologies, and using renewable energy sources. Additionally, the growing need for raw materials, including iron ore and coking coal, to meet the escalating demand for steel production has been driving investment in mining operations and technological innovations within the steel manufacturing process. The transition to a more efficient steelmaking process positions the global mining steel industry for continued expansion in the years ahead.

Introduction to the Global Mining Steel Industry Market

The global mining steel industry market plays a critical role in the production of steel, which is a foundational material used across various sectors such as construction, automotive, energy, and infrastructure. The market has been driven by the growing demand for steel products and the increasing focus on sustainable steel including recycled and green steel and efficiency in steel production. Advances in technologies, such as electric arc furnaces (EAF), direct reduced iron (DRI) processes, and the use of renewable energy sources, are helping steel manufacturers reduce emissions and improve resource efficiency. The demand for high-performance steel products and the push for decarbonization and circular economy principles position the global mining steel industry market for continued growth and innovation.

Mining Steel Industry Market Introduction

The global mining steel industry market has been experiencing robust growth as demand for steel products continues to rise across various industries. Steel remains a critical material for economic development, driven by its versatility, strength, and essential role in manufacturing. The market is characterized by advancements in production technologies, which are improving efficiency, reducing costs, and increasing the overall quality of steel. Key players in the market are investing heavily in modernizing their production processes, expanding their capacity, and adopting innovative solutions to meet the growing demand. As global infrastructure development continues, the mining steel industry market is set to experience sustained growth, driven by both emerging markets and continued industrial expansion in developed economies.

Mining Steel Industry Market: Industrial Impact

The industrial impact of the global mining steel industry market is vast, influencing a wide range of sectors such as construction, automotive, infrastructure, and energy. As a key player in the production of essential raw materials, the mining steel industry market has been driving advancements in production technologies and enhancing supply chain efficiencies. The growing demand for high-strength and high-quality steel has led to increased investments in automation, advanced smelting processes, and the development of specialized steel grades.

The companies involved in the global mining steel industry market include major industry players such as Umicore, ArcelorMittal, thyssenkrupp AG, NIPPON STEEL CORPORATION, China Ansteel Group Corporation Limited, China Jianlong Steel Industriai Co Ltd., Salzgitter AG, Tata Steel, JSW, JFE Steel Corporation, Nucor Corporation, Shandong Lenser materials Co., LTD., HYUNDAI STEEL, Jindal Steel & Power Limited, SAIL, and Cleveland-Cliffs Inc. These companies are enhancing their capabilities through strategic partnerships, collaborations, and technology advancements to improve the resilience and performance of the mining steel industry in demanding environments. Their continued research and development investments drive the market's growth while supporting the broader trends in the sustainable mining steel industry.

Mining Steel Industry Market Segmentation:

Segmentation 1: by End-Use Application
• Transportation (Automotive and Other Transportation)
• Building, Construction, and Infrastructure
• Consumer Goods and Appliances
• Industrial Equipment and Manufacturing
• Packaging
• Others

Building and Construction to Lead the Mining Steel Industry Market (by End-Use Application)

The building and construction sector is expected to be the leading driver of growth in the mining steel industry market from 2025 to 2035. With rapid urbanization, infrastructure development, and rising global population, steel demand will increase significantly. Due to its durability, flexibility, and strength, Steel's essential role in construction positions it as a key material for housing, bridges, and skyscrapers. Moreover, governments’ investments in large-scale infrastructure projects, especially in emerging economies, will boost steel consumption.

In the long term, the emphasis on sustainable construction practices, including green buildings and eco-friendly infrastructure, will further fuel demand for low-carbon steel. Innovations in steel production technologies, such as the development of "green steel," will align with these environmental goals, making it a preferred choice. As the global push for infrastructure development continues, building and construction will remain the dominant sector, propelling the growth of the mining steel industry market throughout the forecast period.

Segmentation 2: by Production Methodology
• Blast Furnace-Basic Oxygen Furnace (BF-BOF)
• Direct Reduced Iron - Electric Arc Furnace (DRI-EAF)
• Other Emerging Technologies

Blast Furnace-Basic Oxygen Furnace (BF-BOF) to Lead the Mining Steel Industry Market (by Production Methodology)

The blast furnace-basic oxygen furnace (BF-BOF) process is expected to dominate the mining steel industry market during the forecast period from 2025 to 2035. This traditional steelmaking method continues to be the most widely used due to its ability to produce large volumes of steel at lower operational costs. The BF-BOF process is favored for its efficiency in utilizing iron ore, coke, and limestone to produce high-quality steel, particularly for construction, automotive, and infrastructure sectors.

Despite the increasing shift toward electric arc furnaces (EAF) for sustainability, BF-BOF remains integral due to its established infrastructure, reliable output, and economies of scale. The continued demand for steel in emerging markets and technological advancements aimed at reducing carbon emissions in the BF-BOF process will maintain its market leadership. Furthermore, the adoption of carbon capture technologies and improvements in furnace design are expected to enhance the environmental performance of this method, ensuring its dominance in the steel production industry.

Segmentation 3: by End Products
• Carbon Steel
• Alloy Steel
• Stainless Steel
• High-Strength Steel
• Others

Carbon Steel to Lead the Mining Steel Industry Market (by End-Products)

Carbon steel is expected to lead the mining steel industry market during the forecast period of 2025-2035 due to its versatile properties, cost-effectiveness, and widespread applications. As the backbone of the construction, automotive, and infrastructure industries, carbon steel continues to drive market demand. Its strength, durability, and malleability make it ideal for heavy-duty structures, machinery, and equipment used in mining operations.

Moreover, the ongoing trend toward industrial modernization and infrastructural development, particularly in emerging markets, will boost the demand for carbon steel. Technological advancements in production methods, such as electric arc furnaces and innovations in recycling, are making carbon steel production more sustainable, contributing to its dominance. Additionally, carbon steel’s ability to be used in various grades and forms caters to diverse industry needs, ensuring its continued relevance in the mining sector. With increasing investments in construction and mining activities globally, carbon steel is positioned to remain the preferred material, securing its market leadership over the forecast period 2025-2035.

Segmentation 4: by Region
• North America: U.S., Canada, and Mexico
• Europe: Germany, France, Austria, Italy, U.K., Rest-of-Europe
• Asia-Pacific: China, Japan, India, South Korea, Australia, Rest-of-Asia-Pacific
• Rest-of-the-World: Middle East and Africa, South America

The Asia-Pacific region dominated the global mining steel industry market and is expected to maintain dominance over the forecast period from 2025 to 2035. The region is home to multiple steel producers, including Baowu Steel Group, Nippon Steel, JFE Steel, Tata Steel, and POSCO. According to the World Steel Association, the Asia-Pacific region accounts for more than 70% of the total global steel production. Various mining steel industry manufacturers, such as ArcelorMittal, Tata Steel, China Baowu Steel Group Corporation Limited, POSCO, and Nippon Steel, have a strong presence in the Asia-Pacific region and are further expanding their production facilities to enhance their market positions in the competitive mining steel industry market.

Recent Developments in the Global Mining Steel Industry Market

•   In April 2025, Japan steelmaker NIPPON STEEL CORPORATION announced an investment of approximately $58.4 million through its Thailand-based subsidiary NS-Siam United Steel Co., Ltd. to expand the capacity of its electric plating line (EPL). This investment aims to meet the growing demand for tinplate steel used in container manufacturing. The expansion aims to increase the annual production capacity of EPL lines Nos. 1 and 2 from 280,000 metric tons to 350,000 metric tons. The project is scheduled for completion by March 2027.
•   In March 2025, the government of Morocco approved several large-scale green projects worth $32.76 million aimed at producing ammonia, steel, and industrial fuel. A consortium led by U.A.E.-based Taqa and Spain-based Cepsa aims to focus on producing green ammonia and industrial fuel, while Morocco’s Nareva will invest in a project for green steel and industrial fuel production. Saudi Arabia-based Acwa Power is expected to be involved in producing green steel.
•   In January 2025, thyssenkrupp completed the sale of its India electrical steel business, thyssenkrupp Electrical Steel India Private Ltd. The transaction was closed with a joint venture between India's largest steelmaker, JSW Steel Limited, and Japan's JFE Steel Corporation. Located in Nashik, India, the plant produces grain-oriented electrical steel used in transformers and high-performance generators. The sale, valued at approximately $479.8 million, was driven by high transportation costs from Germany to India, making the site uncompetitive in the long term. The sale strengthens thyssenkrupp's capital base and aligns with its strategic goals.

Mining Steel Industry Market Demand - Drivers, Limitations, and Opportunities

Mining Steel Industry Market Drivers: Urbanization and Infrastructure Growth

Urbanization and infrastructure growth are key drivers in the mining steel industry market, driving significant demand for steel. As cities expand and economies industrialize, the need for steel to support infrastructure projects such as roads, bridges, buildings, and energy plants becomes essential. Steel’s strength, durability, and versatility make it the material of choice for modern urbanization and infrastructure development. It directly influences the demand for raw materials used in steel production, such as iron ore and coal. This increased demand stimulates both mining and steel manufacturing sectors, expanding production capacities worldwide.

Several industries have already capitalized on the trend of rapid urbanization. In countries such as India and China, substantial investments are being made in the construction, transportation, and energy sectors. China's Belt and Road Initiative has been driving significant steel consumption to support the development of roads, railways, and ports. In Africa, nations such as Nigeria and South Africa are making major infrastructure investments to accommodate their growing urban populations, further increasing steel demand.

Mining Steel Industry Market Challenges: Volatility in Raw Material Prices

Volatility in raw material prices poses a significant challenge to the mining steel industry, directly impacting steel manufacturers' cost structure and profitability. Fluctuations in the prices of key raw materials such as iron ore, coal, and scrap steel can lead to unpredictable production costs, making it difficult for steel producers to maintain stable profit margins. This price volatility is largely driven by global supply chain disruptions, geopolitical factors, and shifts in demand from key industries, creating an unstable environment for producers who rely on consistent pricing to plan production and investment strategies.

In recent years, the mining steel industry has experienced significant price volatility, driven largely by geopolitical uncertainties and shifts in the global economy. For example, in 2021, iron ore prices hit record highs, driven by China's booming construction sector and anticipated supply constraints from Brazil. However, in 2022, prices fell as demand weakened and global steel production decelerated. These price fluctuations have placed considerable pressure on steel producers, forcing them to constantly adapt their pricing and production strategies to manage the financial impact of rising or falling raw material costs. Companies such as ArcelorMittal and Tata Steel have struggled to pass on higher raw material expenses to customers, impacting their profitability.

Mining Steel Industry Market Opportunities: Growing Demand for Specialty Steel Products

The growing demand for specialty steel products presents a significant opportunity for the mining and steel industry. As industries such as automotive, aerospace, and energy evolve, the need for advanced steel products with specific properties, such as high strength, durability, and resistance to extreme conditions, has increased. Specialty steels, including high-alloy steels, tool steels, and stainless steels, are in high demand due to their ability to meet stringent performance standards in sectors that require precision and reliability.

In response to this opportunity, countries have been making substantial investments in the production of specialty steel products. For instance, in January 2025, India launched the second phase of its production linked incentive (PLI) scheme for specialty steel, with a budget of approximately $737.4 million. The revised scheme introduces changes to attract more industry participation, such as lowering investment and capacity thresholds for cold-rolled grain-oriented (CRGO) steel, allowing for the carry-forward of excess production to subsequent years for claiming incentives and reducing the minimum investment required for capacity augmentation.

Analyst View

According to Debraj Chakraborty, Principal Analyst, BIS Research, “The global mining steel industry market is expected to witness significant growth over the next decade, driven by increasing demand for steel across various industries such as construction, automotive, infrastructure, and energy. As economies around the world continue to expand, the need for high-quality steel products, including specialty steels and alloys, is rising. This growing demand has been prompting the expansion of steel production capacity and the development of new mining projects to secure a steady supply of essential raw materials such as iron ore and coking coal. Additionally, advancements in production technologies, such as automation and digitalization, enhance efficiency in steelmaking processes, improve product quality, and meet the evolving needs of end users in industries that rely heavily on steel. The market is expected to see robust investments from key players, further driving growth and innovation across the supply chain.”

Mining Steel Industry Market - A Global and Regional Analysis

Focus on End-User Application, Production Methodology, End Products, and Region - Analysis and Forecast, 2025-2035

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Some Faq's

Frequently Asked Questions

The mining steel industry market study conducted by BIS Research considered the definition of the mining steel industry as the extraction of raw materials used in steel production, including iron ore, coal, and other metals, and the processing of these materials into steel products. Steel, a critical material in infrastructure, construction, automotive, and various industrial applications, is the product of this industry.

The key business opportunities in the global mining steel industry market are the increasing growth in infrastructure and development and the focus on improving efficiency.

The global mining steel industry market is expected to grow over time, and companies will come up with collaborative strategies to sustain themselves in the intensely competitive market. Companies with an identical product portfolio and a need for additional resources often partner and come together for joint venture programs, which help the companies gain access to one another’s resources and facilitate them to achieve their objectives faster.

A new entrant can focus on partnering with existing mining steel industry players. Also, start-ups can focus on funding, launching new innovative products, and expanding their sales and distribution networks.

The following are some of the USPs of this report:

•   A dedicated section focusing on the trends adopted by the key players operating in the global mining steel industry market
•   Competitive landscape of the companies operating in the ecosystem offering a holistic view of the global mining steel industry market landscape
•   Qualitative and quantitative analysis of the global mining steel industry market at the region and country level and granularity by application and product segments
•   Supply chain and value chain analysis

Steel manufacturers, producers, mining companies, and automotive and construction companies should buy this report.

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Table of Contents

Mining Steel Industry Market Report Coverage

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Global Mining Steel Industry Market Overview

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Mining Steel Industry Market - A Global and Regional Analysis

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Mining Steel Industry Market - A Global and Regional Analysis

A quick peek into the report

Table of Contents

1 Markets

2 Application

3 Products

4 Regions

5 Markets - Competitive Benchmarking and Company Profiles

6 Research Methodology

List of Tables

List of Figures

Mining Steel Industry Market Report Coverage

How can this report add value to an organization?

Global Mining Steel Industry Market Overview

$4900

Mining Steel Industry Market - A Global and Regional Analysis

Frequently Asked Questions

Q: What is the mining steel industry?

Q: What are the key business opportunities in the global mining steel industry market?

Q: What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?

Q: For a new company looking to enter the global mining steel industry market, which areas could it focus on to stay ahead of the competition?

Q: What is the USP of this report?

Q: Who should buy this report?

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Sustainable (Recycled and Green) Steel Market - A Global and Regional Analysis: Focus on End-User Ap