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採礦和鋼鐵行業市場 - 全球和區域分析：按最終用戶應用、生產方法、最終產品和區域 - 分析和預測（2025-2035年）
市場調查報告書
商品編碼
1714081

採礦和鋼鐵行業市場 - 全球和區域分析：按最終用戶應用、生產方法、最終產品和區域 - 分析和預測（2025-2035年）

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
出版日期: | 出版商: BIS Research | 英文 260 Pages | 商品交期: 1-5個工作天內

價格

2024年全球礦業和鋼鐵業市場規模達8,757億美元。

預計到2035年市場規模將達到 14,503億美元，年複合成長率為 4.63%。該成長是由建築、汽車和基礎設施等各個領域對鋼鐵的需求不斷成長所推動的。隨著產業轉向更永續的做法，例如採用電弧爐（EAF）和直接還原鐵（DRI）技術以及使用再生能源，市場得到了進一步加強。此外，為了滿足日益成長的鋼鐵生產需求，對鐵礦石和冶金煤等原料的需求不斷成長，推動了對採礦業務和煉鋼過程技術創新的投資。由於轉向更有效率的煉鋼過程，預計未來幾年全球採礦和鋼鐵業將繼續擴張。

主要市場統計資料
預測期 2025-2035
2025年評估 9222億美元
2035年的預測 14503億美元
年複合成長率 4.63%

全球採礦和鋼鐵業市場在鋼鐵生產中發揮著非常重要的作用，鋼鐵是建築、汽車、能源和基礎設施等各個領域使用的基本材料。推動市場發展的因素包括：對鋼鐵產品的需求不斷成長；對永續鋼鐵（包括再生鋼鐵和綠色鋼鐵）的興趣日益濃厚；以及鋼鐵生產效率的提高。電弧爐（EAF）、直接還原鐵（DRI）製程和再生能源來源的使用等技術進步幫助鋼鐵製造商減少排放並提高資源效率。在高性能鋼鐵產品需求以及脫碳和循環經濟原則的推動下，全球礦業鋼鐵業市場預計將經歷持續的成長和創新。

隨著各行業對鋼鐵產品的需求不斷增加，全球採礦和鋼鐵業市場正經歷強勁成長。鋼鐵因其多功能性、強度和在製造業中的關鍵作用，繼續成為經濟發展的重要材料。該市場的特點是生產技術的進步，提高了效率，降低了成本，並增強了鋼鐵的整體品質。市場的主要參與企業進行大量投資，以實現生產流程現代化、擴大生產能力並實施創新解決方案以滿足日益成長的需求。隨著全球基礎設施建設的持續進行，預計採礦鋼鐵業市場將持續成長，這得益於新興市場和已開發經濟體持續的工業擴張。

全球礦業和鋼鐵業市場對工業領域有重大影響，影響建築、汽車、基礎設施和能源等廣泛領域。作為基本原料生產的主要參與企業，採礦和鋼鐵業市場推動了生產技術和供應鏈效率的進步。對高強度、高品質鋼鐵產品的需求不斷成長，推動了對自動化、先進冶煉過程和特殊鋼材開發的投資增加。

全球礦業和鋼鐵業的主要參與者包括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、Cleveland-Cliffs Inc.。透過策略夥伴關係、協作和技術進步，這些公司增強自身能力，以提高礦業鋼鐵業在充滿挑戰的環境中復原力和績效。這些公司持續的研發投入推動市場成長，同時支持永續採礦鋼鐵業的更廣泛趨勢。

預計建築業將在2025年至2035年期間推動採礦鋼鐵市場的成長。隨著快速都市化、基礎設施發展和全球人口的成長，對鋼鐵的需求將大幅增加。鋼材的耐用性、柔韌性和強度使得其在建築中發揮關鍵作用，成為住宅、橋樑和高層建築的主要材料。此外，政府對大型基礎建設計劃的投資，尤其是新興經濟體的政府投資，可能會刺激鋼鐵消費。

從長遠來看，對綠色建築和環保基礎設施等永續建築實踐的重視程度不斷提高，可能會進一步刺激對低碳鋼的需求。鋼鐵生產領域的創新，例如「綠色鋼鐵」的開發，將滿足這些環境目標，並使低碳鋼成為首選鋼材。隨著全球基礎設施建設的持續推進，建築業將繼續成為主導產業，在整個預測期內推動採礦業和鋼鐵業市場的成長。

預計在預測期內，即2025年至2035年，高爐-鹼性氧氣轉爐（BF-BOF）製程將主導採礦鋼鐵業市場。這種傳統的煉鋼方法仍然是最廣泛使用的方法，因為它可以以較低的營運成本生產大量的鋼。 BF-BOF 製程因能有效利用鐵礦石、焦炭和石灰石來生產高品質鋼材而受到青睞，尤其適用於建築、汽車和基礎設施領域。

儘管出於永續性的原因，人們不斷向電弧爐（EAF）轉變，但由於其完善的基礎設施、可靠的生產量和規模經濟，高爐轉爐仍然非常重要。新興市場對鋼鐵的持續需求以及目的是減少 BF-BOF 製程中碳排放的技術進步可能會保持 BF-BOF 的市場領先地位。此外，碳捕獲技術的採用和爐子設計的改進有望提高該方法的環境性能，確保其在鋼鐵生產行業中的主導地位。

預計碳鋼將在2025-2035年預測期內引領採礦鋼鐵業市場，因為它具有多功能性、成本效益和廣泛的應用範圍。作為建築、汽車和基礎設施產業的支柱，碳鋼將繼續推動市場需求。它的強度、耐用性和延展性使其成為採礦作業中使用的重型結構、機械和設備的理想選擇。

此外，工業現代化和基礎設施發展的趨勢（特別是在新興市場）可能會刺激對碳鋼的需求。電弧爐和回收創新等生產方法的技術進步使碳鋼碳鋼更加永續，並增強了其優越性。此外，碳鋼具有多種等級和形狀，可滿足不同的工業需求，確保其在採礦業中持續發揮作用。隨著全球建築和採礦活動投資的不斷增加，碳鋼將繼續成為首選材料，並確保其在2025-2035年預測期內的市場主導。

亞太地區在全球採礦和鋼鐵業市場佔據主導地位，預計在預測期內（即2025-2035年）仍將保持主導地位。該地區擁有多家鋼鐵製造商，包括Baowu Steel Group、Nippon Steel、JFE Steel、Tata Steel、POSCO。根據世界鋼鐵協會統計，亞太地區鋼鐵產量佔全球總量的70%以上。ArcelorMittal、Tata Steel、China Baowu Steel Group Corporation Limited、POSCO、Nippon Steel等多家礦業鋼鐵製造商在亞太地區佔有重要地位，並進一步擴大生產設施，以加強其在競爭激烈的礦業鋼鐵業市場中的地位。

全球採礦和鋼鐵業市場的最新趨勢

  • 2025年4月，日本鋼鐵製造商NIPPON STEEL CORPORATION宣布，將透過其位於泰國的子公司NS-Siam United Steel Co., Ltd.投資約5,840萬美元，擴大其電鍍生產線（EPL）產能。這項投資目的是滿足用於容器製造的馬口鐵鋼日益成長的需求。此次擴建目的是將EPL 1號和2號生產線的年生產能力從28萬噸提高到35萬噸。預計2027年3月完工。
  • 2025年3月，摩洛哥政府核准了幾個價值3,276萬美元的大型綠色計劃，目的是生產氨、鋼鐵和工業燃料。該財團由阿拉伯聯合大公國的Taqa 和西班牙的Cepsa領頭，目的是致力於生產綠色氨和工業燃料，而摩洛哥的Nareva 將投資綠色鋼鐵和工業燃料生產計劃。總部位於沙烏地阿拉伯的Akwa Power將參與綠色鋼鐵的生產。
  • 2025年1月，thyssenkrupp完成了其thyssenkrupp Electrical Steel India Private Ltd.的出售。該交易由印度最大的鋼鐵製造商SW Steel Limited與日本JFE Steel Corporation組成合資企業完成。該工廠位於印度納西克，生產用於變壓器和高性能發電機的取向電工鋼。售價約4.798億美元，從德國到印度的高昂運輸成本使得該工廠長期缺乏競爭力。此次資產剝離增強了thyssenkrupp的資本地位，並符合其策略目標。

都市化和基礎設施成長是礦業鋼鐵業市場的主要驅動力，大大推動了鋼鐵需求。隨著城市擴張和經濟工業化，對鋼鐵的需求變得非常重要，以支持道路、橋樑、建築和能源工廠等基礎設施計劃。鋼鐵的強度、耐用性和多功能性使其成為現代都市化和基礎設施發展的首選材料。鋼鐵直接影響鋼鐵生產所用原料（如鐵礦石和煤炭）的需求。需求的成長將刺激採礦業和鋼鐵製造業的發展，並擴大全球的生產能力。

許多行業已經從快速的都市化趨勢中獲益。印度和中國等國家正大力投資建築、運輸和能源領域。中國的「一帶一路」計劃推動大量鋼鐵消費，以支持公路、鐵路和港口的發展。在非洲，奈及利亞和南非等國家進行大規模基礎設施投資，以滿足不斷成長的城市人口，進一步增加了對鋼鐵的需求。

原物料價格波動直接影響鋼鐵企業的成本結構和盈利，為礦業和鋼鐵業帶來重大挑戰。鐵礦石、煤炭、廢鋼等主要原料價格波動，導致生產成本難以預測，鋼鐵企業難以維持穩定的利潤率。這種價格波動主要是由於全球供應鏈中斷、地緣政治因素以及關鍵產業需求變化所致，這為生產和投資策略依賴穩定定價的生產者創造了一個動盪的環境。

近年來，採礦和鋼鐵業經歷了大幅價格波動，主要受地緣政治不確定性和全球經濟變化的影響。例如，受中國建築業蓬勃發展以及巴西供應受限預期的推動，鐵礦石價格在2021年創下歷史新高。但隨著需求減弱和全球鋼鐵產量放緩，2022年價格已經下跌。這些價格波動給鋼鐵製造商帶來了巨大的壓力，迫使他們不斷調整定價和生產策略，以應對原物料成本上漲和下跌的財務影響。ArcelorMitta和Tata Steel等公司努力將原料成本上漲轉嫁給客戶，影響了盈利。

特殊鋼產品需求的不斷成長為採礦業和鋼鐵業帶來了巨大的機會。隨著汽車、航太和能源等行業的發展，對具有高強度、耐久性和耐惡劣條件等特定性能的先進鋼材的需求日益增加。特種鋼（包括高合金鋼、工具鋼和不銹鋼）的需求量很大，因為它們能夠滿足需要精度和可靠性的領域的嚴格性能標準。

抓住這一機會，各國紛紛投入巨資，大力發展特種鋼產品生產。例如，印度於2025年1月啟動了特殊鋼生產掛鉤激勵（PLI）計畫的第二階段，預算約為7.374億美元。修訂後的方案引進了一些變化以吸引更多的工業參與，包括降低軋延粒狀鋼（CRGO）的投資和產能基準值，允許結轉過剩產能以獲得獎勵，以及降低產能擴張所需的最低投資。

產品/創新策略：全球採礦和鋼鐵行業市場根據各種應用、生產方法和最終產品進行細分，提供了有價值的見解。最終用途領域包括運輸（汽車和其他運輸）、建築、施工和基礎設施、消費品和家電、工業設備和製造、包裝和其他。依生產方法分為高爐-鹼性氧氣轉爐（BF-BOF）、直接還原鐵-電弧爐（DRI-EAF）及其他新興技術。最後，最終產品包括碳鋼、合金鋼、不銹鋼、高強度鋼等。

成長/行銷策略：全球採礦和鋼鐵業市場持續成長。該市場為現有和新興市場參與企業提供了巨大的機會。本部分涵蓋的策略包括併購、產品推出、合作夥伴關係、業務擴展和投資。公司維持和加強市場地位所採用的策略主要包括產品開發。

競爭策略：本研究分析介紹的全球礦業鋼鐵主要企業概況包括礦業和鋼鐵業的專業人士。此外，包括夥伴關係、協議和合作在內的全面競爭格局有望幫助讀者了解市場中尚未開發的收益來源。

本報告研究了全球採礦和鋼鐵行業市場，並概述了市場以及最終用戶應用、生產方法、最終產品和地區的趨勢，以及參與市場的公司概況。

目錄

執行摘要

第1章 市場

  • 趨勢：現況與未來影響評估
  • 供應鏈概覽
  • 專利申請趨勢（依國家和公司）
  • 市場動態概覽
  • 鋼鐵生產情景
  • 綠色鋼鐵市場展望

第2章 應用

  • 應用細分
  • 使用摘要
  • 全球採礦和鋼鐵業市場（最終用途）
    • 交通運輸（汽車及其他交通運輸）
    • 建築、施工和基礎設施
    • 工業設備和製造
    • 消費品和家用電器
    • 包裝
    • 其他

第3章 產品

  • 產品細分
  • 產品摘要
  • 全球採礦和鋼鐵業市場（依生產方式）
  • 全球採礦和鋼鐵業市場（依最終產品）

第4章 區域

  • 區域摘要
  • 北美洲
  • 歐洲
  • 亞太地區
  • 其他地區

第5章 市場競爭基準化分析與公司概況

  • 未來展望
  • 地理評估
  • 公司簡介
    • 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.

第6章 調查方法

Product Code: MC02781SA

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

KEY MARKET STATISTICS
Forecast Period2025 - 2035
2025 Evaluation$922.2 Billion
2035 Forecast$1,450.3 Billion
CAGR4.63%

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.

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

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).

Table of Contents

Executive Summary

Scope and Definition

1 Markets

  • 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 Application

  • 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 Products

  • 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 Regions

  • 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 Markets - Competitive Benchmarking and Company Profiles

  • 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 Research Methodology

  • 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

List of Figures

  • 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

List of Tables

  • 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