North America's structural steel market was valued at over USD 15.53 billion in 2024, benefiting from strong marketing.
- Historical Period2019-2023
- Base Year2024
- Forecast Period2025-2030
- Market Size (2024) USD 15.53 Billion
- Largest Market United States
- Fastest Market Canada
- Format
Featured Companies
- 1. Thyssenkrupp Ag
- 2. CyberAgent Inc
- 3. ArcelorMittal S.A.
- 4. Gerdau S.A.
- 5. JFE Holdings, Inc
- 6. Nucor Corporation
- More...
Structural Metal Market Analysis
Structural steel in North America is an essential material extensively utilized in construction, infrastructure, and industrial applications because of its strength, durability, and adaptability. It is a type of steel specifically engineered to bear heavy loads and endure environmental challenges while preserving structural integrity. Structural steel is typically employed in buildings, bridges, stadiums, and other large-scale projects where high-strength materials are necessary. Its makeup comprises iron, carbon, and various alloying elements such as manganese, vanadium, and chromium, which improve its mechanical characteristics. The material is preferred in the construction sector due to its capacity to be shaped into various forms, including I-beams, H-beams, angles, channels, and plates, making it suitable for a wide range of applications. The essential elements of structural steel consist of beams, columns, trusses, girders, and reinforcement bars, all of which enhance the stability and load-bearing capability of structures. Beams and columns are the fundamental components, providing vertical and horizontal support in buildings and bridges. Trusses, made of interconnected triangular units, contribute strength and efficiently distribute weight, typically used in roof and bridge constructions. Girders act as the primary horizontal supports in construction projects, ensuring weight is uniformly transferred throughout the structure. Furthermore, reinforcement bars (rebar) are utilized to bolster concrete structures by enhancing tensile strength and resisting cracking. The need for structural steel in North America is propelled by rapid urbanization, escalating infrastructure development, and the inclination towards sustainable and recyclable materials. With progress in steel manufacturing, structural steel presents improved strength-to-weight ratios, lowering total construction expenses while guaranteeing long-term stability. According to the research report, "North America Structural Steel Market Outlook, 2030," published by Bonafide Research, the North America Structural Steel market was valued at more than USD 15.53 Billion in 2024. The structural steel market in North America is propelled by effective promotional and marketing strategies that underscore its durability, cost-effectiveness, and sustainability. Businesses within this industry concentrate on showcasing structural steel's strength, adaptability, and recyclability to attract significant sectors like construction, automotive, and energy. Advertising efforts focus on demonstrating how structural steel improves the resilience of infrastructure, shortens construction timelines, and supports sustainable building practices. Marketing initiatives frequently utilize digital platforms, industry events, and partnerships with construction companies to inform stakeholders about the benefits of using structural steel compared to other materials such as concrete and wood. A prominent marketing aspect of structural steel in North America is its focus on innovation and technological progress. Companies exhibit high-strength, lightweight steel solutions that enhance seismic resistance and energy efficiency in buildings. Furthermore, promotional content emphasizes how prefabricated and modular steel structures lead to decreased material waste and quicker project completion. Trade exhibitions, industry conventions, and online webinars act as essential venues for producers to engage potential clients and showcase the latest advancements in steel production and usage. Sustainability is another significant emphasis in the marketing of structural steel, in line with increasing environmental consciousness and regulatory shifts that favor green building materials. Marketing tactics highlight the 100% recyclability of steel, its reduced carbon footprint compared to conventional materials, and its contribution to obtaining LEED (Leadership in Energy and Environmental Design) certifications.
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Download SampleMarket Dynamic
Market Drivers • Increase in Infrastructure Development and Urbanization:The United States and Canada are making substantial investments in infrastructure initiatives, encompassing bridges, highways, airports, and commercial buildings, leading to a rise in the need for structural steel in construction. Government programs that promote smart cities and contemporary transportation systems further propel the growth of the market. • Rising Acceptance of Prefabricated and Modular Construction: The growing favor for off-site construction techniques has heightened the demand for structural steel because of its durability, versatility, and efficiency in modular building endeavors. This phenomenon is especially notable in both residential and commercial construction, where speed and cost efficiency are vital components. Market Challenges • Significant Volatility in Steel Prices and Raw Material Expenses: Variations in the costs of raw materials such as iron ore and scrap metal, influenced by supply chain interruptions and trade regulations, profoundly affect production expenses. Duties on imported steel also introduce price volatility for domestic producers. • Labor Deficits and Skilled Workforce Shortages: The structural steel sector encounters difficulties owing to an aging labor force and a lack of skilled workers in welding, fabrication, and steel erection. The challenge of locating qualified professional’s results in project holdups and higher labor expenses. Market Trends • Heightened Emphasis on Sustainable and Recyclable Steel Solutions: With escalating environmental issues, manufacturers are allocating resources towards energy-efficient production techniques and recycled steel to minimize carbon output. Green building certifications such as LEED (Leadership in Energy and Environmental Design) are further promoting the adoption of environmentally friendly structural steel. • Progress in High-Strength and Lightweight Steel Alloys: The evolution of novel steel alloys that exhibit enhanced strength-to-weight ratios is revolutionizing the construction and automotive sectors. These innovations enable the creation of more durable and resilient structures while optimizing material consumption and lowering overall expenses.
Structural Metal Segmentation
| By Product | Beams | |
| Angles | ||
| Channels | ||
| Steel Plates & Sheet | ||
| Squares Tubes | ||
| Others | ||
| By Application | Residential Construction | |
| Commercial Construction | ||
| Industrial Structures | ||
| Infrastructure | ||
| Energy & Power | ||
| By Connection Type | Bolted Structures | |
| Welded Structures | ||
| Riveted Structures | ||
| By Grade & Strength Classification | Carbon Steel | |
| High-Strength Low-Alloy (HSLA) Steel | ||
| Tempered & Quenched Steel | ||
| Stainless Steel | ||
| Others | ||
| North America | United States | |
| Canada | ||
| Mexico | ||
Beams represent the most significant product segment within the North America structural steel market owing to their crucial function in extensive infrastructure, commercial construction, and tall buildings, where strength, load-bearing capability, and durability are vital. In North America, structural steel beams lead the market as they act as the foundation for extensive infrastructure and commercial construction undertakings. Beams are extensively utilized in the construction of highways, bridges, skyscrapers, industrial facilities, and residential structures owing to their remarkable strength and capacity to bear heavy loads. The region's thriving construction sector, propelled by urban growth and infrastructure improvements, has greatly enhanced the demand for steel beams. Government initiatives, including the U. S. Infrastructure Investment and Jobs Act, have designated significant funds for bridge renovations and transportation systems, further promoting the use of steel beams. Their substantial load-bearing ability and durability against severe weather conditions make them the preferred option for large-scale structural uses. Another significant aspect contributing to the prominence of beams in the North American structural steel market is the move towards sustainable and prefabricated building methods. Steel beams, especially wide-flange and I-beams, are preferred for their adaptability, ease of assembly, and alignment with contemporary construction practices. The increasing incorporation of prefabrication, where steel elements are pre-fabricated and assembled on-site, has sped up the adoption of beams in commercial and industrial endeavors. Moreover, progress in high-strength steel alloys has boosted the effectiveness and durability of beams, making them even more attractive to engineers and builders. Furthermore, North America's growing emphasis on sustainable construction has bolstered the favor of steel beams, as they are entirely recyclable and aid in energy-efficient building designs. The infrastructure sector represents the largest application segment in the North America structural steel market due to substantial government investments in transportation, energy, and public works initiatives that necessitate robust, high-strength materials. In North America, structural steel finds its most extensive usage in infrastructure purposes owing to the region’s ongoing emphasis on modernizing and expanding its transportation, energy, and public utility sectors. Structural steel serves as an essential element in bridges, highways, tunnels, rail systems, and airports due to its exceptional strength, longevity, and resistance to environmental challenges. Government programs such as the U. S. Infrastructure Investment and Jobs Act, which allocates significant funding for the restoration of roads, bridges, and public transportation frameworks, have markedly amplified the demand for structural steel. Likewise, in Canada, both federal and provincial authorities are investing in significant infrastructure initiatives, further propelling market growth. Bridges, in particular, are significantly dependent on structural steel because of its impressive load-bearing ability, corrosion resistance, and extended service life. With over 40% of U. S. bridges classified as structurally deficient or in need of repairs, ongoing renovation and replacement efforts are inflating steel consumption. Furthermore, the expansion of urban transit systems, such as high-speed rail and subway networks, has increased the necessity for steel in rail tracks, station construction, and supportive frameworks. Energy infrastructure constitutes another principal factor contributing to structural steel demand. The development of power plants, oil and gas pipelines, and renewable energy facilities, including wind farms and solar panel support structures, all rely on structural steel. The increasing emphasis on sustainable infrastructure, such as eco-friendly buildings and climate-resilient projects, has further solidified steel’s prominence in the industry. Bolted structures represent the most rapidly expanding connection type in the North America structural steel market due to their assembly efficiency, affordability, and capacity to support swift infrastructure and commercial construction tasks. The rising use of bolted structures in North America's structural steel market is propelled by the demand for quicker, more effective, and budget-friendly construction methods. In contrast to welded connections, which necessitate specialized labor, extended installation durations, and on-site accuracy, bolted connections provide substantial benefits regarding speed, assembly ease, and adaptability. This makes them especially appropriate for high-demand scenarios in infrastructure, commercial architecture, and industrial sites, where efficiency in time and cost management is essential. The growth of prefabricated and modular construction techniques has intensified the need for bolted structures. Prefabricated steel elements are produced off-site with pre-drilled holes, facilitating smooth bolted assembly at the construction location. This lowers labor expenses, lessens mistakes, and quickens project schedules, rendering it an optimal choice for extensive projects like high-rise structures, warehouses, and transportation centers. In North America, where urban growth and industrial development are increasing the need for fast and dependable construction, bolted connections have emerged as the favored choice. Moreover, bolted structures provide enhanced flexibility and simplify maintenance. Unlike welded joints, which are fixed and demand considerable effort to modify, bolted connections can be readily disassembled, modified, or replaced as required. This is especially beneficial for infrastructure initiatives such as bridges and stadiums, where adjustments or expansions to the structure may be necessary over time. Bolted structures improve safety by diminishing the dangers related to on-site welding, such as fire risks and discrepancies in joint strength. Carbon steel leads the North America structural steel market because of its superior strength, cost-effectiveness, and versatility, establishing it as the favored option for extensive infrastructure, commercial, and industrial construction initiatives. Carbon steel has become the most commonly utilized grade in the North America structural steel market thanks to its remarkable combination of strength, affordability, and adaptability for various construction uses. This material possesses high tensile strength, enabling it to endure substantial loads and extreme conditions, which is crucial for infrastructure projects such as bridges, highways, and skyscrapers. In comparison to other steel grades, carbon steel offers an ideal mix of durability and workability, facilitating efficient fabrication, welding, and installation. A significant factor contributing to carbon steel’s dominance is its cost-effectiveness relative to alloy and stainless steel. As infrastructure and commercial construction projects continue to grow throughout North America, developers and engineers favor materials that provide long-lasting performance without substantially raising expenses. The availability of carbon steel in various strength classifications—from low-carbon for flexibility to high-carbon for firmness—enables it to meet a wide range of construction requirements, further enhancing its market presence. Moreover, carbon steel’s structural integrity and low maintenance requirements position it as a preferred option for both new constructions and renovations. Unlike stainless steel, which tends to be pricier because of its chromium content, carbon steel offers excellent structural stability at a more affordable price, making it suitable for large-scale applications. The increasing focus on sustainable construction and recyclability aligns with the benefits of carbon steel, as it is highly recyclable and can be repurposed for different uses without losing quality. With North America experiencing a surge in urbanization, upgrades to transportation infrastructure, and commercial growth, the demand for carbon steel remains exceptionally high. Its versatility across numerous structural applications ensures its ongoing leadership in the region’s structural steel market.
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Structural Metal Market Regional Insights
The USA is the frontrunner in the North America structural steel market due to its substantial infrastructure investments, cutting-edge steel manufacturing capabilities, and significant demand from the construction and industrial sectors. The USA stands as the leader in the North American structural steel market, propelled by its vigorous construction sector, major infrastructure projects, and a well-established domestic steel industry. The country possesses one of the largest construction markets globally, with ongoing developments in commercial buildings, bridges, highways, and industrial facilities driving the need for structural steel. Government initiatives like the Infrastructure Investment and Jobs Act (IIJA) have further enhanced the steel industry by allocating billions of dollars for modernizing roads, railways, and energy grids, which all necessitate large quantities of structural steel. Another essential element contributing to the USA’s prominence is its robust steel production capacity. The nation is home to some of the largest steel manufacturers globally, including Nucor, U. S. Steel, and ArcelorMittal USA, which have heavily invested in cutting-edge production facilities. These companies concentrate on generating high-strength, recyclable, and energy-efficient steel to align with the rising sustainability standards in the construction sector. Furthermore, technological innovations such as electric arc furnaces (EAFs) and automation in steel production have improved production efficiency, ensuring a consistent supply of top-quality structural steel. The USA also reaps the benefits of a significant demand for structural steel in industrial uses, encompassing oil and gas, automotive manufacturing, and heavy machinery. The nation’s vast energy sector, especially in oil refining and renewable energy projects, requires robust steel structures for pipelines, wind farms, and power plants. Moreover, the focus on domestic steel procurement regulations, including the Buy American Act, strengthens the country’s position by favoring locally produced steel over imports. With ongoing investments in infrastructure, a sturdy manufacturing base, and an increasing emphasis on sustainable steel production, the USA continues to be the leading force in the North American structural steel market, fostering both innovation and demand across various industries.
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Companies Mentioned
- Thyssenkrupp Ag
- CyberAgent Inc
- ArcelorMittal S.A.
- Gerdau S.A.
- JFE Holdings, Inc
- Nucor Corporation
- Voestalpine AG
- EVRAZ plc
- POSCO
- JSW Steel Limited
- HBIS Group
- Hyundai Steel Co., Ltd.
Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Structural Steel Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Product
- 5.4. Market Size and Forecast, By Application
- 5.5. Market Size and Forecast, By Connection Type
- 5.6. Market Size and Forecast, By Grade & Strength Classification
- 6. Market Dynamics
- 6.1. Market Drivers & Opportunities
- 6.2. Market Restraints & Challenges
- 6.3. Market Trends
- 6.3.1. XXXX
- 6.3.2. XXXX
- 6.3.3. XXXX
- 6.3.4. XXXX
- 6.3.5. XXXX
- 6.4. Supply chain Analysis
- 6.5. Policy & Regulatory Framework
- 6.6. Industry Experts Views
- 7. North America Structural Steel Market Outlook
- 7.1. Market Size By Value
- 7.2. Market Share By Country
- 7.3. Market Size and Forecast, By Product
- 7.4. Market Size and Forecast, By Application
- 7.5. Market Size and Forecast, By Connection Type
- 7.6. Market Size and Forecast, By Grade & Strength Classification
- 7.7. United States Structural Steel Market Outlook
- 7.7.1. Market Size by Value
- 7.7.2. Market Size and Forecast By Product
- 7.7.3. Market Size and Forecast By Application
- 7.7.4. Market Size and Forecast By Connection Type
- 7.7.5. Market Size and Forecast By Grade & Strength Classification
- 7.8. Canada Structural Steel Market Outlook
- 7.8.1. Market Size by Value
- 7.8.2. Market Size and Forecast By Product
- 7.8.3. Market Size and Forecast By Application
- 7.8.4. Market Size and Forecast By Connection Type
- 7.8.5. Market Size and Forecast By Grade & Strength Classification
- 7.9. Mexico Structural Steel Market Outlook
- 7.9.1. Market Size by Value
- 7.9.2. Market Size and Forecast By Product
- 7.9.3. Market Size and Forecast By Application
- 7.9.4. Market Size and Forecast By Connection Type
- 7.9.5. Market Size and Forecast By Grade & Strength Classification
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. ArcelorMittal S.A.
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. Nippon Steel Corporation
- 8.5.3. POSCO
- 8.5.4. JFE Holdings, Inc.
- 8.5.5. Nucor Corporation
- 8.5.6. Voestalpine AG
- 8.5.7. ThyssenKrupp AG
- 8.5.8. Gerdau S.A.
- 8.5.9. Hyundai Steel Co., Ltd.
- 8.5.10. EVRAZ plc
- 8.5.11. SSAB AB
- 8.5.12. JSW Steel Limited
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Structural Steel Market Size and Forecast, By Product (2019 to 2030F) (In USD Billion)
Table 6: Global Structural Steel Market Size and Forecast, By Application (2019 to 2030F) (In USD Billion)
Table 7: Global Structural Steel Market Size and Forecast, By Connection Type (2019 to 2030F) (In USD Billion)
Table 8: Global Structural Steel Market Size and Forecast, By Grade & Strength Classification (2019 to 2030F) (In USD Billion)
Table 9: Influencing Factors for Structural Steel Market, 2024
Table 10: North America Structural Steel Market Size and Forecast, By Product (2019 to 2030F) (In USD Billion)
Table 11: North America Structural Steel Market Size and Forecast, By Application (2019 to 2030F) (In USD Billion)
Table 12: North America Structural Steel Market Size and Forecast, By Connection Type (2019 to 2030F) (In USD Billion)
Table 13: North America Structural Steel Market Size and Forecast, By Grade & Strength Classification (2019 to 2030F) (In USD Billion)
Table 14: United States Structural Steel Market Size and Forecast By Product (2019 to 2030F) (In USD Billion)
Table 15: United States Structural Steel Market Size and Forecast By Application (2019 to 2030F) (In USD Billion)
Table 16: United States Structural Steel Market Size and Forecast By Connection Type (2019 to 2030F) (In USD Billion)
Table 17: United States Structural Steel Market Size and Forecast By Grade & Strength Classification (2019 to 2030F) (In USD Billion)
Table 18: Canada Structural Steel Market Size and Forecast By Product (2019 to 2030F) (In USD Billion)
Table 19: Canada Structural Steel Market Size and Forecast By Application (2019 to 2030F) (In USD Billion)
Table 20: Canada Structural Steel Market Size and Forecast By Connection Type (2019 to 2030F) (In USD Billion)
Table 21: Canada Structural Steel Market Size and Forecast By Grade & Strength Classification (2019 to 2030F) (In USD Billion)
Table 22: Mexico Structural Steel Market Size and Forecast By Product (2019 to 2030F) (In USD Billion)
Table 23: Mexico Structural Steel Market Size and Forecast By Application (2019 to 2030F) (In USD Billion)
Table 24: Mexico Structural Steel Market Size and Forecast By Connection Type (2019 to 2030F) (In USD Billion)
Table 25: Mexico Structural Steel Market Size and Forecast By Grade & Strength Classification (2019 to 2030F) (In USD Billion)
Table 26: Competitive Dashboard of top 5 players, 2024
Figure 2: Market attractiveness Index, By Region 2030
Figure 3: Market attractiveness Index, By Segment 2030
Figure 4: Global Structural Steel Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 5: Global Structural Steel Market Share By Region (2024)
Figure 6: North America Structural Steel Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 7: North America Structural Steel Market Share By Country (2024)
Figure 8: US Structural Steel Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 9: Canada Structural Steel Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 10: Mexico Structural Steel Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 11: Porter's Five Forces of Global Structural Steel Market
Structural Metal Market Research FAQs
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