North America (NAFTA) Steel Market Summary, Competitive Analysis and Forecast, 2017-2026
March 1, 2023
MarketLine
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North America (NAFTA) Steel Market Summary, Competitive Analysis and Forecast, 2017-2026
Abstract
Summary
The NAFTA Steel industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The North American Free Trade Agreement (NAFTA) is a trade agreement between the countries in North America: the US, Canada and Mexico. The steel industry within the NAFTA countries had a total market value of $185,035.3 million in 2021.The US was the fastest growing country, with a CAGR of 21.5% over the 2017-21 period. - Within the steel industry, the US is the leading country among the NAFTA bloc, with market revenues of $141,244.8 million in 2021. This was followed by Mexico and Canada, with a value of $22,850.7 and $20,939.8 million, respectively. - The US is expected to lead the steel industry in the NAFTA bloc, with a value of $98,109.9 million in 2026, followed by Mexico and Canada with expected values of $14,677.4 and $13,454.6 million, respectively.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the NAFTA steel market - Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the NAFTA steel market - Leading company profiles reveal details of key steel market players’ NAFTA operations and financial performance - Add weight to presentations and pitches by understanding the future growth prospects of the NAFTA steel market with five year forecasts by both value and volume - Compares data from the US, Canada and Mexico, alongside individual chapters on each country
Reasons to Buy
- What was the size of the NAFTA steel market by value in 2021? - What will be the size of the NAFTA steel market in 2026? - What factors are affecting the strength of competition in the NAFTA steel market? - How has the market performed over the last five years? - Who are the top competitors in the NAFTA steel market?
Content
Table of Contents
1 Introduction 1.1. What is this report about? 1.2. Who is the target reader? 1.3. How to use this report 1.4. Definitions 2 NAFTA Steel 2.1. Industry Outlook 3 Steel in Canada 3.1. Market Overview 3.2. Market Data 3.3. Market Segmentation 3.4. Market outlook 3.5. Five forces analysis 4 Macroeconomic Indicators 4.1. Country data 5 Steel in Mexico 5.1. Market Overview 5.2. Market Data 5.3. Market Segmentation 5.4. Market outlook 5.5. Five forces analysis 6 Macroeconomic Indicators 6.1. Country data 7 Steel in The United States 7.1. Market Overview 7.2. Market Data 7.3. Market Segmentation 7.4. Market outlook 7.5. Five forces analysis 8 Macroeconomic Indicators 8.1. Country data 9 Company Profiles 9.1. Essar Steel India Ltd 9.2. Evraz Plc 9.3. The Techint Group 9.4. Altos Hornos de Mexico SAB de CV 9.5. ArcelorMittal SA 9.6. United States Steel Corporation 9.7. Nucor Corp 9.8. Steel Dynamics Inc 10 Appendix 10.1. Methodology 10.2. About MarketLine
List of Tables Table 1: NAFTA countries steel industry, revenue ($m), 2017-26 Table 2: NAFTA countries steel industry, revenue ($m), 2017-21 Table 3: NAFTA countries steel industry forecast, revenue ($m), 2021-26 Table 4: Canada steel market value: $ million, 2016-21 Table 5: Canada steel market volume: million tons, 2016–21 Table 6: Canada steel market geography segmentation: $ million, 2021 Table 7: Canada steel market share: % share, by volume, 2021 Table 8: Canada steel market value forecast: $ million, 2021–26 Table 9: Canada steel market volume forecast: million tons, 2021–26 Table 10: Canada size of population (million), 2017–21 Table 11: Canada gdp (constant 2005 prices, $ billion), 2017–21 Table 12: Canada gdp (current prices, $ billion), 2017–21 Table 13: Canada inflation, 2017–21 Table 14: Canada consumer price index (absolute), 2017–21 Table 15: Canada exchange rate, 2017–21 Table 16: Mexico steel market value: $ million, 2016-21 Table 17: Mexico steel market volume: million tons, 2016–21 Table 18: Mexico steel market geography segmentation: $ million, 2021 Table 19: Mexico steel market share: % share, by volume, 2021 Table 20: Mexico steel market value forecast: $ million, 2021–26 Table 21: Mexico steel market volume forecast: million tons, 2021–26 Table 22: Mexico size of population (million), 2017–21 Table 23: Mexico gdp (constant 2005 prices, $ billion), 2017–21 Table 24: Mexico gdp (current prices, $ billion), 2017–21 Table 25: Mexico inflation, 2017–21 Table 26: Mexico consumer price index (absolute), 2017–21 Table 27: Mexico exchange rate, 2017–21 Table 28: United States steel market value: $ billion, 2016-21 Table 29: United States steel market volume: million tons, 2016–21 Table 30: United States steel market geography segmentation: $ billion, 2021 Table 31: United States steel market share: % share, by volume, 2021 Table 32: United States steel market value forecast: $ billion, 2021–26 Table 33: United States steel market volume forecast: million tons, 2021–26 Table 34: United States size of population (million), 2017–21 Table 35: United States gdp (constant 2005 prices, $ billion), 2017–21 Table 36: United States gdp (current prices, $ billion), 2017–21 Table 37: United States inflation, 2017–21 Table 38: United States consumer price index (absolute), 2017–21 Table 39: United States exchange rate, 2017–21 Table 40: Essar Steel India Ltd: key facts Table 41: Essar Steel India Ltd: Key Employees Table 42: Evraz Plc: key facts Table 43: Evraz Plc: Annual Financial Ratios Table 44: Evraz Plc: Key Employees Table 45: Evraz Plc: Key Employees Continued Table 46: The Techint Group: key facts Table 47: The Techint Group: Key Employees Table 48: Altos Hornos de Mexico SAB de CV: key facts Table 49: Altos Hornos de Mexico SAB de CV: Key Employees Table 50: ArcelorMittal SA: key facts Table 51: ArcelorMittal SA: Annual Financial Ratios Table 52: ArcelorMittal SA: Key Employees Table 53: ArcelorMittal SA: Key Employees Continued Table 54: ArcelorMittal SA: Key Employees Continued Table 55: United States Steel Corporation: key facts Table 56: United States Steel Corporation: Annual Financial Ratios Table 57: United States Steel Corporation: Key Employees Table 58: United States Steel Corporation: Key Employees Continued Table 59: Nucor Corp: key facts Table 60: Nucor Corp: Annual Financial Ratios Table 61: Nucor Corp: Key Employees Table 62: Nucor Corp: Key Employees Continued Table 63: Steel Dynamics Inc: key facts Table 64: Steel Dynamics Inc: Annual Financial Ratios Table 65: Steel Dynamics Inc: Key Employees Table 66: Steel Dynamics Inc: Key Employees Continued
List of Figures Figure 1: NAFTA countries steel industry, revenue ($m), 2017-26 Figure 2: NAFTA countries steel industry, revenue ($m), 2017-21 Figure 3: NAFTA countries steel industry forecast, revenue ($m), 2021-26 Figure 4: Canada steel market value: $ million, 2016-21 Figure 5: Canada steel market volume: million tons, 2016–21 Figure 6: Canada steel market geography segmentation: % share, by value, 2021 Figure 7: Canada steel market share: % share, by volume, 2021 Figure 8: Canada steel market value forecast: $ million, 2021–26 Figure 9: Canada steel market volume forecast: million tons, 2021–26 Figure 10: Forces driving competition in the steel market in Canada, 2021 Figure 11: Drivers of buyer power in the steel market in Canada, 2021 Figure 12: Drivers of supplier power in the steel market in Canada, 2021 Figure 13: Factors influencing the likelihood of new entrants in the steel market in Canada, 2021 Figure 14: Factors influencing the threat of substitutes in the steel market in Canada, 2021 Figure 15: Drivers of degree of rivalry in the steel market in Canada, 2021 Figure 16: Mexico steel market value: $ million, 2016-21 Figure 17: Mexico steel market volume: million tons, 2016–21 Figure 18: Mexico steel market geography segmentation: % share, by value, 2021 Figure 19: Mexico steel market share: % share, by volume, 2021 Figure 20: Mexico steel market value forecast: $ million, 2021–26 Figure 21: Mexico steel market volume forecast: million tons, 2021–26 Figure 22: Forces driving competition in the steel market in Mexico, 2021 Figure 23: Drivers of buyer power in the steel market in Mexico, 2021 Figure 24: Drivers of supplier power in the steel market in Mexico, 2021 Figure 25: Factors influencing the likelihood of new entrants in the steel market in Mexico, 2021 Figure 26: Factors influencing the threat of substitutes in the steel market in Mexico, 2021 Figure 27: Drivers of degree of rivalry in the steel market in Mexico, 2021 Figure 28: United States steel market value: $ billion, 2016-21 Figure 29: United States steel market volume: million tons, 2016–21 Figure 30: United States steel market geography segmentation: % share, by value, 2021 Figure 31: United States steel market share: % share, by volume, 2021 Figure 32: United States steel market value forecast: $ billion, 2021–26 Figure 33: United States steel market volume forecast: million tons, 2021–26 Figure 34: Forces driving competition in the steel market in the United States, 2021 Figure 35: Drivers of buyer power in the steel market in the United States, 2021 Figure 36: Drivers of supplier power in the steel market in the United States, 2021 Figure 37: Factors influencing the likelihood of new entrants in the steel market in the United States, 2021 Figure 38: Factors influencing the threat of substitutes in the steel market in the United States, 2021 Figure 39: Drivers of degree of rivalry in the steel market in the United States, 2021
The NAFTA Steel industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The North American Free Trade Agreement (NAFTA) is a trade agreement between the countries in North America: the US, Canada and Mexico. The steel industry within the NAFTA countries had a total market value of $185,035.3 million in 2021.The US was the fastest growing country, with a CAGR of 21.5% over the 2017-21 period. - Within the steel industry, the US is the leading country among the NAFTA bloc, with market revenues of $141,244.8 million in 2021. This was followed by Mexico and Canada, with a value of $22,850.7 and $20,939.8 million, respectively. - The US is expected to lead the steel industry in the NAFTA bloc, with a value of $98,109.9 million in 2026, followed by Mexico and Canada with expected values of $14,677.4 and $13,454.6 million, respectively.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the NAFTA steel market - Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the NAFTA steel market - Leading company profiles reveal details of key steel market players’ NAFTA operations and financial performance - Add weight to presentations and pitches by understanding the future growth prospects of the NAFTA steel market with five year forecasts by both value and volume - Compares data from the US, Canada and Mexico, alongside individual chapters on each country
Reasons to Buy
- What was the size of the NAFTA steel market by value in 2021? - What will be the size of the NAFTA steel market in 2026? - What factors are affecting the strength of competition in the NAFTA steel market? - How has the market performed over the last five years? - Who are the top competitors in the NAFTA steel market?
Table of Contents
1 Introduction 1.1. What is this report about? 1.2. Who is the target reader? 1.3. How to use this report 1.4. Definitions 2 NAFTA Steel 2.1. Industry Outlook 3 Steel in Canada 3.1. Market Overview 3.2. Market Data 3.3. Market Segmentation 3.4. Market outlook 3.5. Five forces analysis 4 Macroeconomic Indicators 4.1. Country data 5 Steel in Mexico 5.1. Market Overview 5.2. Market Data 5.3. Market Segmentation 5.4. Market outlook 5.5. Five forces analysis 6 Macroeconomic Indicators 6.1. Country data 7 Steel in The United States 7.1. Market Overview 7.2. Market Data 7.3. Market Segmentation 7.4. Market outlook 7.5. Five forces analysis 8 Macroeconomic Indicators 8.1. Country data 9 Company Profiles 9.1. Essar Steel India Ltd 9.2. Evraz Plc 9.3. The Techint Group 9.4. Altos Hornos de Mexico SAB de CV 9.5. ArcelorMittal SA 9.6. United States Steel Corporation 9.7. Nucor Corp 9.8. Steel Dynamics Inc 10 Appendix 10.1. Methodology 10.2. About MarketLine
List of Tables Table 1: NAFTA countries steel industry, revenue ($m), 2017-26 Table 2: NAFTA countries steel industry, revenue ($m), 2017-21 Table 3: NAFTA countries steel industry forecast, revenue ($m), 2021-26 Table 4: Canada steel market value: $ million, 2016-21 Table 5: Canada steel market volume: million tons, 2016–21 Table 6: Canada steel market geography segmentation: $ million, 2021 Table 7: Canada steel market share: % share, by volume, 2021 Table 8: Canada steel market value forecast: $ million, 2021–26 Table 9: Canada steel market volume forecast: million tons, 2021–26 Table 10: Canada size of population (million), 2017–21 Table 11: Canada gdp (constant 2005 prices, $ billion), 2017–21 Table 12: Canada gdp (current prices, $ billion), 2017–21 Table 13: Canada inflation, 2017–21 Table 14: Canada consumer price index (absolute), 2017–21 Table 15: Canada exchange rate, 2017–21 Table 16: Mexico steel market value: $ million, 2016-21 Table 17: Mexico steel market volume: million tons, 2016–21 Table 18: Mexico steel market geography segmentation: $ million, 2021 Table 19: Mexico steel market share: % share, by volume, 2021 Table 20: Mexico steel market value forecast: $ million, 2021–26 Table 21: Mexico steel market volume forecast: million tons, 2021–26 Table 22: Mexico size of population (million), 2017–21 Table 23: Mexico gdp (constant 2005 prices, $ billion), 2017–21 Table 24: Mexico gdp (current prices, $ billion), 2017–21 Table 25: Mexico inflation, 2017–21 Table 26: Mexico consumer price index (absolute), 2017–21 Table 27: Mexico exchange rate, 2017–21 Table 28: United States steel market value: $ billion, 2016-21 Table 29: United States steel market volume: million tons, 2016–21 Table 30: United States steel market geography segmentation: $ billion, 2021 Table 31: United States steel market share: % share, by volume, 2021 Table 32: United States steel market value forecast: $ billion, 2021–26 Table 33: United States steel market volume forecast: million tons, 2021–26 Table 34: United States size of population (million), 2017–21 Table 35: United States gdp (constant 2005 prices, $ billion), 2017–21 Table 36: United States gdp (current prices, $ billion), 2017–21 Table 37: United States inflation, 2017–21 Table 38: United States consumer price index (absolute), 2017–21 Table 39: United States exchange rate, 2017–21 Table 40: Essar Steel India Ltd: key facts Table 41: Essar Steel India Ltd: Key Employees Table 42: Evraz Plc: key facts Table 43: Evraz Plc: Annual Financial Ratios Table 44: Evraz Plc: Key Employees Table 45: Evraz Plc: Key Employees Continued Table 46: The Techint Group: key facts Table 47: The Techint Group: Key Employees Table 48: Altos Hornos de Mexico SAB de CV: key facts Table 49: Altos Hornos de Mexico SAB de CV: Key Employees Table 50: ArcelorMittal SA: key facts Table 51: ArcelorMittal SA: Annual Financial Ratios Table 52: ArcelorMittal SA: Key Employees Table 53: ArcelorMittal SA: Key Employees Continued Table 54: ArcelorMittal SA: Key Employees Continued Table 55: United States Steel Corporation: key facts Table 56: United States Steel Corporation: Annual Financial Ratios Table 57: United States Steel Corporation: Key Employees Table 58: United States Steel Corporation: Key Employees Continued Table 59: Nucor Corp: key facts Table 60: Nucor Corp: Annual Financial Ratios Table 61: Nucor Corp: Key Employees Table 62: Nucor Corp: Key Employees Continued Table 63: Steel Dynamics Inc: key facts Table 64: Steel Dynamics Inc: Annual Financial Ratios Table 65: Steel Dynamics Inc: Key Employees Table 66: Steel Dynamics Inc: Key Employees Continued
List of Figures Figure 1: NAFTA countries steel industry, revenue ($m), 2017-26 Figure 2: NAFTA countries steel industry, revenue ($m), 2017-21 Figure 3: NAFTA countries steel industry forecast, revenue ($m), 2021-26 Figure 4: Canada steel market value: $ million, 2016-21 Figure 5: Canada steel market volume: million tons, 2016–21 Figure 6: Canada steel market geography segmentation: % share, by value, 2021 Figure 7: Canada steel market share: % share, by volume, 2021 Figure 8: Canada steel market value forecast: $ million, 2021–26 Figure 9: Canada steel market volume forecast: million tons, 2021–26 Figure 10: Forces driving competition in the steel market in Canada, 2021 Figure 11: Drivers of buyer power in the steel market in Canada, 2021 Figure 12: Drivers of supplier power in the steel market in Canada, 2021 Figure 13: Factors influencing the likelihood of new entrants in the steel market in Canada, 2021 Figure 14: Factors influencing the threat of substitutes in the steel market in Canada, 2021 Figure 15: Drivers of degree of rivalry in the steel market in Canada, 2021 Figure 16: Mexico steel market value: $ million, 2016-21 Figure 17: Mexico steel market volume: million tons, 2016–21 Figure 18: Mexico steel market geography segmentation: % share, by value, 2021 Figure 19: Mexico steel market share: % share, by volume, 2021 Figure 20: Mexico steel market value forecast: $ million, 2021–26 Figure 21: Mexico steel market volume forecast: million tons, 2021–26 Figure 22: Forces driving competition in the steel market in Mexico, 2021 Figure 23: Drivers of buyer power in the steel market in Mexico, 2021 Figure 24: Drivers of supplier power in the steel market in Mexico, 2021 Figure 25: Factors influencing the likelihood of new entrants in the steel market in Mexico, 2021 Figure 26: Factors influencing the threat of substitutes in the steel market in Mexico, 2021 Figure 27: Drivers of degree of rivalry in the steel market in Mexico, 2021 Figure 28: United States steel market value: $ billion, 2016-21 Figure 29: United States steel market volume: million tons, 2016–21 Figure 30: United States steel market geography segmentation: % share, by value, 2021 Figure 31: United States steel market share: % share, by volume, 2021 Figure 32: United States steel market value forecast: $ billion, 2021–26 Figure 33: United States steel market volume forecast: million tons, 2021–26 Figure 34: Forces driving competition in the steel market in the United States, 2021 Figure 35: Drivers of buyer power in the steel market in the United States, 2021 Figure 36: Drivers of supplier power in the steel market in the United States, 2021 Figure 37: Factors influencing the likelihood of new entrants in the steel market in the United States, 2021 Figure 38: Factors influencing the threat of substitutes in the steel market in the United States, 2021 Figure 39: Drivers of degree of rivalry in the steel market in the United States, 2021