Report Overview

United States Structural Steel Market – Industry Size, Trends & Forecast Report, 2031

United States Structural Steel Market size was estimated at USD 165.43 billion in 2024. During the forecast period between 2025 and 2031, United States Structural Steel Market size is projected to grow at a CAGR of 5.1% reaching a value of USD 234.33 billion by 2031. The Structural Steel Market in United States is driven by substantial infrastructure investments, such as the Bipartisan Infrastructure Law, fueling construction growth. Green building initiatives, like LEED certification, are increasing demand for sustainable materials, while advancements in steel production, such as electric arc furnaces, enhance efficiency and quality. Rapid urbanization has led to a surge in residential and commercial construction, with U.S. cities adding over 1 million housing units annually. Economic expansion supports industrial projects, and structural steel’s 98% recyclability makes it a preferred choice for durability and sustainability, further solidifying its role in modern construction.

Structural Steel – Overview

Structural steel is a vital material in construction, known for its high strength, durability, and versatility. It is used in building frameworks, bridges, and various infrastructure projects due to its excellent load-bearing capacity and resistance to environmental elements. Structural steel can be tailored to meet specific design needs, making it ideal for both residential and large-scale industrial applications.

United States Structural Steel Market

Growth Drivers

Increasing Investments in Infrastructure Development Projects

The United States Federal Government’s increasing investments in infrastructure development projects, such as roads, bridges, and public buildings, significantly boost the demand for structural steel. Infrastructure development investments drive construction activities, leading to higher consumption of structural steel in various projects across the country. An increasing focus on modernizing and expanding infrastructure supports the growth of the structural steel market, ensuring a steady demand for high quality steel products.

Challenges

Fluctuating Raw Material Prices

Variations in the prices of raw materials, like iron ore, coal, and scrap metal, could significantly impact production costs and profit margins for structural steel manufacturers. High fluctuations in raw material prices are driven by various factors, such as global demand, supply chain disruptions, and geopolitical events. Sudden increases in raw material costs can lead to higher prices for finished steel products, which can negatively affect the market's competitiveness and profitability. Moreover, the unpredictability of raw material prices poses financial risks for manufacturers, making it challenging to plan and budget for production and operational activities.

Impact of Escalating Geopolitical Tensions on United States Structural Steel Market

Intensifying geopolitical tensions between United States and other major countries could disrupt global supply chains, leading to shortages and price spikes in raw materials like iron ore and coal. Trade policy tensions and resultant increase in tariffs imposed in response to these tensions could further affect steel prices and availability of structural steel. Additionally, political instability in key steel-producing countries could cause production halts and transportation issues, affecting the overall supply of structural steel. Consequently, it would result in increased volatility and financial risks for manufacturers and consumers alike.

United States Structural Steel Market

Segmental Coverage

United States Structural Steel Market – By Product Type

Based on product type, United States Structural Steel Market is divided into Angles, Channels, and Rounds segments. The angles segment holds the largest share of United States Structural Steel Market by product type, due to the versatility of angles in various construction applications, including residential, commercial, and industrial projects. Their widespread use in frameworks, supports, and other structural components makes them a preferred choice in the industry. The growth of United States Structural Steel Market is further driven by rapid urbanization and infrastructure development, leading to increased demand for structural steel products.

United States Structural Steel Market – By Application

On the basis of application, United States Structural Steel Market is bifurcated into Residential Applications and Non-Residential Applications segments. The residential application segment is further divided into single-family homes and multi-family homes. The non-residential applications segment is further divided into commercial buildings, industrial buildings, and institutional buildings. The non-residential applications segment holds a larger share in United States Structural Steel Market. The segment’s market dominance is driven by the demand for commercial, industrial, and institutional buildings. The non-residential segment encompasses the construction of offices, warehouses, manufacturing facilities, and educational institutions, where structural steel's strength and versatility are essential. The non-residential sector's dominance is attributed to ongoing infrastructure development and industrial expansion across the country.

Competitive Landscape

Major companies operating in United States Structural Steel Market include ArcelorMittal, Nippon Steel Corporation, Tata Steel, Gerdau, Nucor Corporation, Commercial Metals Company, United States Steel Corporation, Valmont Industries, Welspun Steel, and JFE Holdings. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In August 2023 - Hybar LLC, a metal scrap recycling company commenced the construction of its steel rebar mill project in Arkansas, United States. SMS group GmbH supplied the machinery. The mill is said to utilize steel scrap as feedstock.

Scope of the Report

By Product Type 

• Angles

• Channels

• Rounds

By Application

• Residential Applications

  • 1. Single-Family Homes

    2. Multi-Family Homes

• Non-Residential Applications

  • 1. Commercial Buildings

    2. Industrial Buildings

    3. Institutional Buildings

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. United States Structural Steel Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Drivers
         1. Increasing Infrastructure Investments
         2. Thriving Construction Industry
         3. Adoption of Technological Advancements
      2. Restraints
         1. Fluctuating Raw Material Prices
      3. Opportunities
         1. Green Building Initiatives
         2. Urbanization
      4. Challenges
         1. Supply Chain Disruptions
         2. Labor Shortages
         3. Global Economic Uncertainties
         4.  Environmental Regulations
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. United States Structural Steel Market: Marketing Strategies
5. United States Structural Steel Market: Pricing Analysis
6. United States Structural Steel Market Overview
   1. Market Size & Forecast, 2019–2031
      1. By Value (USD Million)
      2. By Volume (Million Tons)
   2. Market Share & Forecast
      1. By Product Type 
         1. Angles
         2. Channels
         3. Rounds
      2. By Application
         1. Residential Applications
            1. Single-Family Homes
            2. Multi-Family Homes
         2. Non-Residential Applications
            1. Commercial Buildings
            2. Industrial Buildings
            3. Institutional Buildings
7. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. United States Structural Steel Market Share Analysis, 2024
      1. 1. Competitive Benchmarking, By Operating Parameters
   3. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on United States Structural Steel Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. ArcelorMittal
   2. Nippon Steel Corporation
   3. Tata Steel
   4. Gerdau
   5. Nucor Corporation
   6. Commercial Metals Company
   7. United States Steel Corporation
   8. Valmont Industries
   9. Welspun Steel
   10. JFE Holdings
   11. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3.  Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4.  Breakdown of Primary Research Respondents, By Region
    5.  Assumptions & Limitations

*Financial information of non–listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in–depth secondary research for the final deliverable.

List of Figures

Figure 1       United States Structural Steel Segmentation                    

Figure 2       United States Structural Steel Market Value Chain Analysis                  

Figure 3       Company Market Share Analysis, 2024                  

Figure 4       United States Structural Steel Market Size, By Value (USD Million), 2019–2031                            

Figure 5       United States Structural Steel Market Share, By Product Type, By Value, 2019–2031                    

Figure 6       United States Structural Steel Market Share, By End User, By Value, 2019–2031                                                         

Figure 7       United States Structural Steel Market Share, By Product Type, By Value, 2019–2031

Figure 8       United States Structural Steel Market Share, By End User, By Value, 2019–2031

Figure 9       United States Structural Steel Market Share, By Product Type, By Value, 2019–2031

List of Tables

Table 1         United States Structural Steel Market Size, By Value (USD Million), 2019–2031

Table 2         United States Structural Steel Market Share, By Product Type, By Value, 2019–2031                    

Table 3         United States Structural Steel Market Share, By End User, By Value, 2019–2031                                                         

Table 4         United States Structural Steel Market Share, By Product Type, By Value, 2019–2031

Table 5         United States Structural Steel Market Share, By End User, By Value, 2019–2031

Table 6         United States Structural Steel Market Share, By Product Type, By Value, 2019–2031

Table 7         ArcelorMittal Company Overview

Table 8         ArcelorMittal Financial Overview

Table 9         Nippon Steel Corporation Company Overview

Table 10       Nippon Steel Corporation Financial Overview

Table 11       Tata Steel Company Overview

Table 12       Tata Steel Financial Overview

Table 13       Gerdau Company Overview

Table 14       Gerdau Financial Overview

Table 15       Nucor Corporation Company Overview

Table 16       Nucor Corporation Financial Overview

Table 17       Commercial Metals Company Overview

Table 18       Commercial Metals Financial Overview

Table 19       United States Steel Corporation Company Overview

Table 20       United States Steel Corporation Financial Overview

Table 21       Valmont Industries Company Overview

Table 22       Valmont Industries Financial Overview

Table 23       Welspun Steel Company Overview

Table 24       Welspun Steel Financial Overview

Table 25       JFE Holdings Company Overview

Table 26       JFE Holdings Financial Overview