US Carbon Steel Market Summary
The US Carbon Steel market is projected to grow from 149.2 USD Billion in 2024 to 234.6 USD Billion by 2035, reflecting a robust growth trajectory.
Key Market Trends & Highlights
US Carbon Steel Key Trends and Highlights
- The market valuation for US Carbon Steel is expected to reach 234.6 USD Billion by 2035.
- From 2025 to 2035, the market is anticipated to grow at a compound annual growth rate of 4.2%.
- In 2024, the market is valued at 149.2 USD Billion, indicating a strong foundation for future growth.
- Growing adoption of advanced manufacturing techniques due to increased demand for high-strength steel is a major market driver.
Market Size & Forecast
2024 Market Size | 149.2 (USD Billion) |
2035 Market Size | 234.6 (USD Billion) |
CAGR (2025-2035) | 4.2% |
Major Players
Steel Dynamics Inc, AK Steel Holding Corporation, Century Aluminum Company, TimkenSteel Corporation, Nucor Corporation, Gerdau Ameristeel Corporation, Allegheny Technologies Incorporated, Valmont Industries Inc, ClevelandCliffs Inc, Orrick, Herrington and Sutcliffe LLP, Carpenter Technology Corporation, Commercial Metals Company, Harris Steel Limited, United States Steel Corporation