Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Global carbon steel market poised for significant growth by 2032.
Demand driven by automotive, construction, and infrastructure sectors.
Focus on eco-friendly, high-strength variants to shape market trends.
According to a recent report by Coherent Market Insights (CMI), the global carbon steel market is projected to experience robust growth between 2025 and 2032. Driven by increasing demand from the automotive, construction, infrastructure, and energy sectors, carbon steel continues to hold a significant share in the global steel industry.
The report highlights that rising urbanization, infrastructure development, and automotive production are key factors propelling market growth. Additionally, advancements in carbon steel grades and production technologies are offering industries cost-effective and durable solutions, further boosting demand.
Asia-Pacific remains the largest market, with China and India being the top consumers, while North America and Europe are anticipated to register steady growth due to ongoing industrial expansion and replacement demand in infrastructure projects.
CMI’s insights also point toward an increased focus on eco-friendly steelmaking practices and the development of high-strength, lightweight variants, which are expected to create lucrative opportunities for market players in the coming years.
Also Read : SML Stainless Steel Output Up 4% in April 2025 Domestic mining and construction equipment volumes may dip in FY25: ICRA
The Delhi High Court upheld the anti-profiteering provisions of the Central Goods and Services Tax (...
Announcement 30-Jan-2024
As the world's top global energy trading houses prepare for their biggest annual industry get-togeth...
Asia 26-Feb-2024
India Steel Works initiates technical upgrades despite financial pressures. Automation and efficien...
Business 16-Apr-2025
Tata Steel sees easing import pressure, revives investment outlook Dumping from China continues to...
Business 17-Apr-2025
Central public sector undertakings (CPSUs) cannot be "left completely independent in making importan...
Large Corporate 09-Feb-2024
The Ministry of Coal stated in a statement that coal/lignite PSUs operating under its direction and...
Notification 22-Feb-2024