Flat Steel Market Outlook:
Flat Steel Market size was over USD 621.18 billion in 2025 and is poised to exceed USD 1.06 trillion by 2035, witnessing over 5.5% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of flat steel is estimated at USD 651.93 billion.
The rising demand for steel is believed to drive this market expansion. As a result, demand for flat steel goods that are stronger and thicker would likely rise and be used in demanding applications where high strength and load-bearing capacity are necessary. As per the World Steel Association, the demand for steel increased by 2.2% in 2023 to reach 1 881.4 Mt.
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of flat steel is estimated at USD 651.93 billion.
The global flat steel market size was more than USD 621.18 billion in 2025 and is anticipated to witness a CAGR of more than 5.5%, crossing USD 1.06 trillion revenue by 2035.
Asia Pacific flat steel market will dominate around 61% share by 2035, driven by the growing food and beverage industry requiring flat steel for safety and hygiene.
Key players in the market include ArcelorMittal, Baosteel Group, Ezz Steel, HBIS Group, Nucor Corporation, POSCO, Tata Steel Limited, ThyssenKrupp AG, United States Steel Corporation.
