×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

* Please use a valid business email

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

US Carbon Steel Market

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

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

US Carbon Steel Market Infographic
Purchase Options

US Carbon Steel Market Summary

As per Market Research Future analysis, the US carbon steel market size was estimated at 130.0 $ Billion in 2024. The US carbon steel market is projected to grow from 135.68 $ Billion in 2025 to 208.0 $ Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 4.3% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The US carbon steel market is currently experiencing a dynamic shift driven by sustainability and technological advancements.

  • Sustainability initiatives are increasingly influencing production processes and consumer preferences in the carbon steel market.
  • Technological advancements are enhancing efficiency and reducing costs across the manufacturing sector, particularly in carbon steel production.
  • Raw material price volatility continues to challenge manufacturers, impacting pricing strategies and profit margins.
  • Infrastructure development and automotive sector growth are key drivers propelling demand for carbon steel in the US market.

Market Size & Forecast

2024 Market Size 130.0 (USD Billion)
2035 Market Size 208.0 (USD Billion)
CAGR (2025 - 2035) 4.37%

Major Players

ArcelorMittal (LU), Nippon Steel Corporation (JP), China Baowu Steel Group Corporation (CN), POSCO (KR), Tata Steel Limited (IN), JFE Steel Corporation (JP), United States Steel Corporation (US), Thyssenkrupp AG (DE), Steel Authority of India Limited (IN)

US Carbon Steel Market Trends

The carbon steel market is currently experiencing a dynamic phase characterized by evolving demand patterns and shifting production methodologies. As industries increasingly prioritize sustainability, there is a noticeable trend towards the adoption of eco-friendly practices in steel manufacturing. This shift is likely driven by regulatory pressures and consumer preferences for greener products. Furthermore, advancements in technology are facilitating more efficient production processes, which may enhance the overall quality and reduce the environmental impact of carbon steel. In addition, the carbon steel market is witnessing fluctuations in raw material prices, which could influence production costs and, consequently, market pricing strategies. The interplay between supply chain disruptions and the need for reliable sourcing is becoming increasingly critical. Stakeholders are adapting to these challenges by exploring alternative materials and innovative recycling methods. Overall, the landscape of the carbon steel market appears to be evolving, with a focus on sustainability, efficiency, and adaptability to changing economic conditions.

Sustainability Initiatives

There is a growing emphasis on sustainable practices within the carbon steel market. Manufacturers are increasingly adopting eco-friendly technologies and processes to minimize their carbon footprint. This trend is likely influenced by both regulatory requirements and consumer demand for greener products.

Technological Advancements

Innovations in production technology are reshaping the carbon steel market. Enhanced manufacturing techniques are improving efficiency and product quality. These advancements may also contribute to reduced waste and energy consumption, aligning with sustainability goals.

Raw Material Price Volatility

Fluctuations in the prices of raw materials are impacting the carbon steel market. This volatility can affect production costs and pricing strategies. Stakeholders are exploring alternative sourcing options and recycling methods to mitigate these challenges.

Market Segment Insights

By Type: Low Carbon Steel (Largest) vs. Medium Carbon Steel (Fastest-Growing)

In the US carbon steel market, the distribution across the type segment showcases a clear dominance of low carbon steel, which holds the largest market share due to its versatility and widespread applications in automotive and construction industries. Medium carbon steel follows closely behind, gaining traction as industries embrace its strength and wear resistance, catering to more demanding applications. Growth trends indicate that the medium carbon steel segment is poised for rapid expansion, driven by advancements in manufacturing processes and increased demand from sectors such as machinery and transportation. Additionally, innovations in alloy formulations and sustainability initiatives are expected to boost the adoption of low and medium carbon steel products within diverse applications.

Low Carbon Steel (Dominant) vs. Medium Carbon Steel (Emerging)

Low carbon steel is characterized by its low carbon content, which imparts excellent ductility and weldability, making it ideal for a range of applications including structural components and automotive parts. Its dominance in the market stems from its cost-effectiveness and adaptability across different manufacturing processes. Conversely, medium carbon steel, with a higher carbon content, is emerging as a preferred choice in applications requiring greater strength and fatigue resistance, such as in the production of gears and shafts. As industries look towards enhancing product durability, medium carbon steel is witnessing a significant rise in demand, positioning itself as a strong contender in the market.

By End user: Building and Construction (Largest) vs. Automotive (Fastest-Growing)

In the US carbon steel market, the Building and Construction segment dominates with a significant market share, driven by ongoing infrastructure projects and increasing investments in residential and commercial construction. The Automotive sector follows as a substantial end user, utilizing carbon steel for manufacturing components and overall vehicle structures, thus contributing greatly to the market dynamics. The growth trends for the automotive sector are particularly noteworthy, with a rising demand for lightweight and fuel-efficient vehicles driving innovation and increased utilization of carbon steel. This trend is further supported by sustainability initiatives and government regulations aimed at reducing emissions, leading to a shift towards advanced manufacturing techniques and materials in automobile production.

Building and Construction: Dominant vs. Automotive: Emerging

The Building and Construction segment is characterized by its extensive application in structural frameworks, roofing, and various construction materials, ensuring its position as the dominant end user in the market. Continuous development in urban infrastructure, coupled with governmental support and financing for construction projects, sustains its robust demand. On the other hand, the Automotive sector is emerging rapidly due to technological advancements and a shift towards electric vehicles, necessitating lighter materials for better efficiency. This emerging segment focuses on innovative uses of carbon steel in vehicle components, integrating safety features alongside weight reduction to meet the demands of modern consumers and regulatory standards.

By Product: Carbon Steel (Largest) vs. Stainless Steel (Fastest-Growing)

The US carbon steel market exhibits a competitive landscape with carbon steel holding the largest share in the product segment. Alloy steel follows as a significant player, but it is the carbon variant that leads due to its widespread applications in construction, automotive, and manufacturing sectors. Stainless steel, while smaller in market share compared to carbon and alloy steel, is crucial for niche applications in food and medical industries. Growth trends indicate a rising demand for stainless steel driven by its corrosion resistance and appeal in infrastructure and hygienic applications. Advances in manufacturing processes enhance the performance of steel products, particularly for carbon and stainless types, fostering innovation and sustainability in production methods. These dynamics indicate a clear trajectory for growth, particularly for emerging steel grades offering higher performance and environmental benefits.

Alloy Steel (Dominant) vs. Stainless Steel (Emerging)

Alloy steel is characterized by the addition of elements such as nickel, chromium, and molybdenum, which enhance its mechanical properties and make it suitable for high-stress applications. This variant ranks as a dominant force in the US carbon steel market, frequently utilized in sectors like automotive and aerospace for its strength and durability. In contrast, stainless steel, recognized as an emerging segment, is gaining traction due to its ability to resist corrosion and maintain strength at elevated temperatures. Its use in emerging technologies and eco-friendly products is expanding rapidly, indicating a shift towards more sustainable materials in various industries. The versatility of both materials signifies their importance and future potential in the evolving market.

Get more detailed insights about US Carbon Steel Market

Key Players and Competitive Insights

The carbon steel market is currently characterized by a competitive landscape that is both dynamic and multifaceted. Key growth drivers include increasing demand from the construction and automotive sectors, alongside a push towards sustainability and innovation. Major players such as ArcelorMittal (LU), United States Steel Corporation (US), and Nippon Steel Corporation (JP) are strategically positioned to leverage these trends. ArcelorMittal (LU) focuses on enhancing its production capabilities through technological advancements, while United States Steel Corporation (US) emphasizes local manufacturing and supply chain optimization. Nippon Steel Corporation (JP) is actively pursuing partnerships to expand its market reach, collectively shaping a competitive environment that is increasingly reliant on innovation and operational efficiency.

In terms of business tactics, companies are localizing manufacturing to reduce lead times and enhance responsiveness to market demands. The market structure appears moderately fragmented, with several key players exerting influence over pricing and supply dynamics. This fragmentation allows for a variety of competitive strategies, as companies seek to differentiate themselves through unique value propositions and operational efficiencies.

In October 2025, United States Steel Corporation (US) announced a significant investment in a new electric arc furnace facility aimed at increasing its production capacity while reducing carbon emissions. This strategic move not only aligns with the growing emphasis on sustainability but also positions the company to meet the rising demand for low-carbon steel products. The investment is expected to enhance operational efficiency and reduce production costs, thereby strengthening its competitive position in the market.

In September 2025, ArcelorMittal (LU) launched a new line of advanced high-strength steel products designed specifically for the automotive sector. This initiative reflects the company's commitment to innovation and its strategic focus on meeting the evolving needs of its customers. By introducing these products, ArcelorMittal (LU) aims to capture a larger share of the automotive market, which is increasingly prioritizing lightweight and high-performance materials.

In August 2025, Nippon Steel Corporation (JP) entered into a strategic partnership with a leading technology firm to develop AI-driven solutions for optimizing production processes. This collaboration is indicative of the broader trend towards digitalization within the industry, as companies seek to leverage technology to enhance efficiency and reduce costs. The integration of AI is expected to provide Nippon Steel Corporation (JP) with a competitive edge in terms of operational excellence and responsiveness to market changes.

As of November 2025, current competitive trends are heavily influenced by digitalization, sustainability initiatives, and the integration of advanced technologies such as AI. Strategic alliances are increasingly shaping the landscape, enabling companies to pool resources and expertise to drive innovation. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition towards a focus on technological advancements, sustainability, and supply chain reliability. This shift underscores the importance of innovation as a key driver of success in the carbon steel market.

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.

Future Outlook

US Carbon Steel Market Future Outlook

The carbon steel market is projected to grow at a 4.37% CAGR from 2024 to 2035, driven by infrastructure development, automotive demand, and technological advancements.

New opportunities lie in:

  • Investment in advanced manufacturing technologies for efficiency gains.
  • Expansion into renewable energy sector applications.
  • Development of high-strength, lightweight carbon steel products for automotive use.

By 2035, the carbon steel market is expected to achieve robust growth and enhanced competitive positioning.

Market Segmentation

US Carbon Steel Market Type Outlook

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

US Carbon Steel Market Product Outlook

  • Carbon steel
  • Alloy steel
  • Stainless steel

US Carbon Steel Market End user Outlook

  • Building and construction
  • Automotive
  • Shipbuilding
  • Others

Report Scope

MARKET SIZE 2024130.0(USD Billion)
MARKET SIZE 2025135.68(USD Billion)
MARKET SIZE 2035208.0(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)4.37% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies Profiled["ArcelorMittal (LU)", "Nippon Steel Corporation (JP)", "China Baowu Steel Group Corporation (CN)", "POSCO (KR)", "Tata Steel Limited (IN)", "JFE Steel Corporation (JP)", "United States Steel Corporation (US)", "Thyssenkrupp AG (DE)", "Steel Authority of India Limited (IN)"]
Segments CoveredType, End user, Product
Key Market OpportunitiesAdoption of advanced manufacturing techniques enhances efficiency in the carbon steel market.
Key Market DynamicsRising demand for sustainable practices drives innovation and competition in the carbon steel market.
Countries CoveredUS

Leave a Comment

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.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions