Iron And Steel Market Size Is Poised To Reach USD 2,253.52 Billion By 2030
The global iron and steel market size was valued at USD 1,676.24 billion in 2022 and is projected to reach USD 2,253.52 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.8% from 2023 to 2030. Rising investment in residential construction is expected to augment the market growth over the forecast period. The global iron and steel market continues to serve as a critical foundation for economic development, industrial expansion, and infrastructure growth. From transportation and construction to energy and manufacturing, iron and steel products remain indispensable across industries. In recent years, the growth of the iron and steel industry in India has gained significant momentum, positioning the country as one of the fastest-growing and most influential steel markets globally. Driven by rapid urbanization, strong policy support, and rising domestic demand, India’s iron and steel sector is playing a vital role in shaping global market dynamics. Global Iron ...