North America Steel Market (2021-2027) | Analysis, Trends, Outlook, COVID-19 IMPACT, Size, Industry, Forecast, Companies, Share, Value, Revenue & Growth

North America Steel Market is projected to gain momentum in the upcoming six years on the back of the rising product use in the manufacturing of automobile parts in developed and developing countries. Further, an increase in the construction of residential buildings especially in Canada due to the growing population base. This factor is estimated to augment the demand for steel as decorative ironwork in house buildings, as a result, it is expected to proliferate the growth of the North America steel market in the coming time zone.

North America Steel Market is expected to register growth in the coming time zone. The macroeconomic economic condition in North America is softening, causing growth in manufacturing to slow. North America apparent steel demand and steel production both declined in 2019. The North America region continues to face significant direct and indirect steel trade deficit while new investment in North America steels miles continues, there have also recent announcements of additional layoff, mill idling, consolidation, and permanent closures. As steel demand softens in many markets worldwide, North American steel producers continue to face unfairly- traded steel imports and circumvention of trade remedies from many countries. North America steel products favor effective solutions to get governments out of the business of supporting uneconomic steel marketing capacity. the COVID-19 pandemic has caused significant deterioration in macroeconomic conditions in North America North American apparent steel demand and steel production have declined significantly since March, and only in recent weeks have conditions improved. Facility idling and production curtailments have cost thousands of steel jobs and reduced worker hours.

According to 6Wresearch, the North America Steel Market size is anticipated to register growth during 2021-27. Despite the global economic slowdown, the U.S accounted for a significant demand for structural steel products in the construction sector. We have also observed the rising demand in the construction sector in Canada as well. The U.S construction sector is the second largest in the world and is estimated to witness a lucrative growth rate over the forecast period. The U.S economic outlook appears to be strong on account of income growth and job opportunity which continue to boost consumer spending.

A segment of the steel market in North America steel product consumption went down by 2% to 97.0 million tonnes in 2019, compared to 98.4 million tonnes the previous year. Consumption of flat and tubular products edged down by 5% and 7%, respectively, while demand for long products climbed by 8%. Applications size exceeded USD 125 Billion, in 2020 and is estimated to grow at over 5.4% CAGR between 2021 and 2027 owning to increase to automotive production and booming electrical vehicle industry. Favorable government regulation to reduce carbon dioxide emissions and increasing infrastructural and construction activities should stimulate the market demand during the forecast period.

The North America steel market report thoroughly covers the market by product type, distribution channels, and countries including the USA, Canada among other key countries. The North America steel market outlook report provides an unbiased and detailed analysis of the ongoing North America steel market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• North America Steel Market Outlook
• Market Size of North America Steel Market, 2020
• Forecast of North America Steel Market, 2027
• Historical Data and Forecast of North America Steel Revenues & Volume for the Period 2017 - 2027
• North America Steel Market Trend Evolution
• North America Steel Market Drivers and Challenges
• North America Steel Price Trends
• North America Steel Porter's Five Forces
• North America Steel Industry Life Cycle
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Flat Steel for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Long Steel for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Flat Steel for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Long Steel for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Types for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Flat Steel for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Long Steel for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Structural Steel for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Prestressing Steel for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Bright Steel for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Welding Wire/Rod for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Iron Steel Wire for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Ropes for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Braids for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Structural Steel for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Prestressing Steel for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Bright Steel for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Welding Wire/Rod for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Iron Steel Wire for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Ropes for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Braids for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Product Type for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Structural Steel for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Prestressing Steel for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Bright Steel for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Welding Wire/Rod for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Iron Steel Wire for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Ropes for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Braids for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Building & Construction for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Electrical Appliances for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Metal Products for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Domestic Appliances for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Mechanical Equipment for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of North America Steel Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Building & Construction for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Electrical Appliances for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Metal Products for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Domestic Appliances for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Mechanical Equipment for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of United States Steel Market Revenues & Volume By Others for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Applications for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Building & Construction for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Electrical Appliances for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Metal Products for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Domestic Appliances for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Mechanical Equipment for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Automotive for the Period 2017 - 2027
• Historical Data and Forecast of Canada Steel Market Revenues & Volume By Others for the Period 2017 - 2027
• North America Steel Market - Key Performance Indicators
• North America Steel Market - Import Export Trade Statistics
• North America Steel Market - Opportunity Assessment By Countries
• North America Steel Market - Opportunity Assessment By Types
• North America Steel Market - Opportunity Assessment By Product Type
• North America Steel Market - Opportunity Assessment By Applications
• North America Steel Market - Top Companies Market Share
• North America Steel Market - Top Companies Profiles
• North America Steel Market - Comparison of Players in Technical and Operating Parameters
• North America Steel Market - Strategic Recommendations

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Type:
• Flat Steel
• Long Steel

• By Product Type:
• Structural Steel
• Prestressing Steel
• Bright Steel
• Welding Wire/Rod
• Iron Steel Wire
• Ropes
• Braids

• By Application:
• Building and Construction
• Electrical Appliances
• Metal Products
• Domestic Appliances
• Mechanical Equipment
• Automotive
• Others

• By Countries:
• United States
• Canada

Frequently Asked Questions About the Market Study (FAQs):