What Is the Global Steel Market Size, Forecast CAGR Through 2034, and Key Growth Drivers?
The global steel market size reached an impressive 1,799.60 MMT (million metric tons) in 2024. According to the latest steel market forecast, this volume is expected to grow at a 1.63% CAGR between 2025 and 2034, climbing to around 2,115.41 MMT by 2034. This steady expansion underscores steel’s vital role across infrastructure, automotive, construction, and renewable energy…