Europe Long Steel Products Market Size & Outlook, 2025-2030
The long steel products market in Europe is expected to reach a projected revenue of US$ 146,635.7 million by 2030. A compound annual growth rate of 4.4% is expected of Europe long steel products market from 2024 to 2030.
The Europe long steel products market generated a revenue of USD 108,575.8 million in 2023.
The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
In terms of segment, rebars was the largest revenue generating product in 2023.
Wire Rods is the most lucrative product segment registering the fastest growth during the forecast period.
Country-wise, Russia is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
Market revenue in 2023
USD 108,575.8 million
Market revenue in 2030
USD 146,635.7 million
Growth rate
4.4% (CAGR from 2024 to 2030)
Largest segment
Rebars
Fastest growing segment
Wire Rods
Historical data covered
2018 - 2022
Base year for estimation
2023
Forecast period covered
2024 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Rebars, Wire Rods, Sections, Tubes
Key market players worldwide
ArcelorMittal SA Depository Receipt, Jindal Stainless, Emirates Steel, Arabian Gulf Steel Industries, Hamriyah Steel, Rajhi Steel, Union Iron & Steel, Watania Steel
Other key industry trends
In terms of revenue, Europe region accounted for 15.4% of the global long steel products market in 2023.
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 698,480.4 million by 2030.
Europe uses a mix of both domestically produced and imported long steel products for various applications in different industries. According to the same source, the steel demand is expected to contract by 1.6% in the region in 2023 owing to the continuation of the Ukraine-Russia war and the surged energy prices in Europe.
According to EUROFER, the European Union imported 21.2 million tons of finished steel products in 2020. Of the total steel imports into the European Union, long steel products accounted for a share of 21.5% of the same in 2020.
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Long Steel Products Market Outlook will help companies and investors design strategic landscapes.
Rebars was the largest segment with a revenue share of 40.93% in 2023.
Horizon Databook has segmented the Europe long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
Europe uses a mix of both domestically produced and imported long steel products for various applications in different industries. According to the same source, the steel demand is expected to contract by 1.6% in the region in 2023 owing to the continuation of the Ukraine-Russia war and the surged energy prices in Europe.
According to EUROFER, the European Union imported 21.2 million tons of finished steel products in 2020. Of the total steel imports into the European Union, long steel products accounted for a share of 21.5% of the same in 2020.
Europe Long Steel Products Market Product Outlook (Revenue, USD Million , 2018-2030)
Rebars
Wire Rods
Sections
Tubes
Europe Long Steel Products Market End-Use Outlook (Revenue, USD Million , 2018-2030)
Building & Construction
Automotive & Aerospace
Railways & Highways
Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Long Steel Products Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Long Steel Products Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Long Steel Products Market, 2018-2030 (US$M)