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    US Carbon Steel Market

    ID: MRFR/CnM/18990-HCR
    111 Pages
    Chitranshi Jaiswal
    September 2025

    US Carbon Steel Market Research Report: By Type (Low carbon steel, Medium carbon steel, High carbon steel, Others), By End User (Building and construction, Automotive, Shipbuilding, Others) and By Product (Carbon steel, Alloy steel, Stainless steel) - Forecast to 2035

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    US Carbon Steel Market Research Report - Forecast Report 2035 Infographic
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    Summary Table of Contents Segmentation Infographic

    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

    US Carbon Steel Market Trends

    Opportunities in the US Carbon Steel Market are emerging as companies look to innovate and improve efficiency in production processes.The rise of advanced manufacturing technologies, such as automation and artificial intelligence, offers potential for companies to optimize operations, reduce costs, and enhance quality control. Furthermore, there is a growing interest in localized supply chains, which can help mitigate the impacts of global disruptions and ensure timely delivery of materials to support domestic projects. Recent market trends indicate a focus on environmental regulations and sustainability practices within the carbon steel sector.

    This includes a commitment from many US manufacturers to reduce their carbon footprint and adhere to stricter emissions guidelines.There is a noticeable increase in the development of eco-friendly steel production methods, such as using electric arc furnaces and increasing the use of scrap material. Alongside these trends, collaborative regional initiatives aimed at promoting innovation in carbon capture and sustainable practices are becoming more prevalent, signaling a collective effort among industry stakeholders to advance the market responsibly. Overall, these trends reflect a dynamic landscape in the US Carbon Steel Market, driven by both demand and a need for sustainable practices.

    Market Segment Insights

    Carbon Steel Market Type Insights

    The US Carbon Steel Market is characterized by a varied segmentation based on Type, incorporating categories such as Low carbon steel, Medium carbon steel, High carbon steel, and Others, each serving distinct applications and industries. Low carbon steel, recognized for its malleability and ductility, finds extensive use in automotive manufacturing and construction due to its cost-effectiveness and ability to be easily shaped into various forms. Meanwhile, Medium carbon steel strikes a balance between strength and ductility, making it ideal for the production of machinery parts and structural applications where greater hardness is required.

    High carbon steel, on the other hand, is known for its high tensile strength and is primarily utilized in specialized applications such as tools and wear-resistant equipment, symbolizing its importance in the manufacturing sector. The segment labeled as Others encompasses a range of carbon steel types with specialized properties and applications, which supplement the primary types. As the market evolves, the growth of construction and automotive industries in the US continues to drive demand within these segments of the US Carbon Steel Market.

    With ongoing innovations in low carbon steel processing, producers are continuously enhancing product characteristics, thus attracting various end-user industries. Trends in the market show a growing preference towards high-yield strength materials, elevating the relevance of high carbon steel in manufacturing operations. Additionally, sustainability considerations are prompting an emphasis on recycled carbon steel, particularly in the Low carbon steel category, thereby opening up new avenues for market growth.

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    Key Companies in the US Carbon Steel Market market include

    Industry Developments

    Recent developments in the US Carbon Steel Market have shown significant growth, with companies like Nucor Corporation and Steel Dynamics Inc leading the charge in production efficiency and innovation. The market valuation for these companies has been positively impacted by rising infrastructure expenditures and increased demand for carbon steel products. In October 2023, ClevelandCliffs Inc announced the acquisition of a steel manufacturing facility aimed at expanding its production capabilities, enhancing its competitiveness in the market. Earlier, in June 2023, AK Steel Holding Corporation leveraged joint ventures to bolster its market stance amid increasing tariffs on imports.

    A notable event in 2022 was the merger between United States Steel Corporation and a key player in the industry to expand operational footprint and resource accessibility. Meanwhile, Carpenter Technology Corporation and Commercial Metals Company continue to invest heavily in Research and Development to innovate their processes and products. These strategic initiatives are essential as the US government pushes for sustainable manufacturing practices and increased domestic production to meet both current and future steel demands. The market dynamics are shifting towards eco-friendly and efficient manufacturing methods, necessitating adaptation from all key players in the sector.

    Market Segmentation

    Outlook

    • Carbon steel
    • Alloy steel
    • Stainless steel

    Carbon Steel Market Type Outlook

    • Low carbon steel
    • Medium carbon steel
    • High carbon steel
    • Others

    Carbon Steel Market Product Outlook

    • Carbon steel
    • Alloy steel
    • Stainless steel

    Carbon Steel Market End User Outlook

    • Building and construction
    • Automotive
    • Shipbuilding
    • Others

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2018 143.18(USD Billion)
    MARKET SIZE 2024 149.19(USD Billion)
    MARKET SIZE 2035 234.63(USD Billion)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 4.202% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Billion
    KEY COMPANIES PROFILED 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
    SEGMENTS COVERED Type, End User, Product
    KEY MARKET OPPORTUNITIES Infrastructure development projects, Renewable energy sector growth, Automotive industry demand increase, Advanced manufacturing technologies adoption, Sustainability and recycling initiatives
    KEY MARKET DYNAMICS rising construction demand, fluctuating raw material costs, environmental regulations impact, increasing automation in production, competition from alternative materials
    COUNTRIES COVERED US

    FAQs

    What is the projected market size of the US Carbon Steel Market in 2024?

    The US Carbon Steel Market is expected to be valued at approximately 149.19 billion USD in 2024.

    How much is the US Carbon Steel Market expected to grow by 2035?

    By 2035, the US Carbon Steel Market is anticipated to reach a valuation of around 234.63 billion USD.

    What is the expected CAGR for the US Carbon Steel Market from 2025 to 2035?

    The expected compound annual growth rate (CAGR) for the US Carbon Steel Market from 2025 to 2035 is 4.202%.

    Which type of carbon steel is projected to have the highest value in 2035?

    In 2035, low carbon steel is projected to have the highest value in the US Carbon Steel Market, reaching approximately 106.5 billion USD.

    What are the main applications driving the growth of the US Carbon Steel Market?

    The growth of the US Carbon Steel Market is driven by applications in construction, automotive, and manufacturing industries.

    Who are the key players in the US Carbon Steel Market?

    Major players in the US Carbon Steel Market include Steel Dynamics Inc., Nucor Corporation, and United States Steel Corporation, among others.

    What is the estimated market size for medium carbon steel in 2024?

    The estimated market size for medium carbon steel in 2024 is around 40.0 billion USD.

    What challenges does the US Carbon Steel Market face in the coming years?

    Challenges in the US Carbon Steel Market include fluctuating raw material prices and increasing competition from alternative materials.

    What is the projected market size for high carbon steel by 2035?

    The projected market size for high carbon steel by 2035 is expected to be approximately 48.0 billion USD.

    How has the global economic scenario affected the US Carbon Steel Market?

    The global economic scenario has created uncertainties affecting demand and pricing dynamics in the US Carbon Steel Market.

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