Carbon Steel Plate Market by Grade (Low-Carbon steel, Medium-Carbon Steel, High-Carbon Steel,  Ultra High-Carbon Steel), Form (Hot Rolled, Cold Rolled) Application (Basic and Perforated Sheets, Angle, Channels, Beams, Normal Plates and Floor Plate, Pipes, Tubes, Bars, Struts, Grating) and End Use (Automotive, Construction, Railways, Shipbuilding & Marine, Aerospace, Energy, Heavy Engineering and Equipment, Consumer Appliances, Cutting Tools) and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) and forecast to 2028  

Purchase Option

$ 3000
$ 4400
$ 6600
$ 8900

Carbon Steel Plate Market size was valued at USD 956.45 billion in 2021 and is expected to grow at a CAGR of 3.8% from 2022–2028. A steel alloy with a minimum of 2.1% carbon content is called carbon steel. Carbon steels often have low compressive strength and are soft. However, they do have a high ductility, which makes them perfect for welding and machines. Increased production of automobiles, increased use of carbon steel in the production of pipes and tubes for construction, and increased uses of carbon steel across a variety of end-user sectors are all contributing to the growth of the carbon steel plate market. Based on the form the market is segmented into Hot Rolled, and Cold Rolled. The hot-rolled carbon steel plate form is likely to hold the highest market share over the forecast period. Due to their strong and long-lasting, they can be used, in both automobiles and electric appliances. However, some factors such as strict laws, regulations, and initiatives for reducing carbon footprints, and an increase in steel prices from the previous year are hamper the market growth.   Recent Market Developments: In Feb 2020, Koppers Carbon Chemical Company Ltd. (KJCC) was acquired by Nippon Steel Corporation.

Carbon Steel Plate Market Summary

Study Period


Base Year




Largest Market

Asia Pacific

Fastest Growing Market

North America
Carbon Steel Plate Market Dynamics

Buildings that are low-carbon and energy-efficient are in greater demand globally. Throughout the entire life cycle of a structure, carbon steel offers high strength, adaptability, durability, and complete recyclability, making it an inexpensive and safer alternative. Several macroeconomic and demographic factors, including the expansion of the infrastructure and construction industries, the manufacture of automobiles, and the rising preference for carbon steel over materials like heavy walled cast iron, alumina, and concrete due to its corrosion resistance, ease of installation, and breaking stress, have a significant impact on the market. The fabrication of pipes and tubes out of carbon steel is being used more frequently, and a variety of end-user industries are using carbon steel more frequently as well. Demand for carbon steel is being driven by the global automotive industry's consistent growth, which is fueling the market's revenue growth.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Carbon Steel Plate Market Segmentation

By Grade
  • Low-Carbon steel
  • Medium-Carbon Steel
  • High-Carbon Steel
  • Ultra High-Carbon Steel
  • Hot Rolled
  • Cold Rolled
By Application
  • Basic and Perforated Sheets
  • Angle
  • Channels
  • Beams
  • Normal Plates and Floor Plate
  • Pipes
  • Tubes
  • Bars
  • Struts
  • Grating
  • Automotive
  • Construction
  • Railways
  • Shipbuilding & Marine
  • Aerospace
  • Energy
  • Heavy Engineering and Equipment
  • Consumer Appliances
  • Cutting Tools

Frequently Asked Questions

carbon steel plate market growing at a CAGR of x% during forecast period 2022-28.

Marubeni Itochu Steel Inc., Baosteel Group, POSCO, SHAGANG GROUP Inc., The Ansteel Group Corporation, WISCO-Wuhan Iron & Steel, JFE Steel Corporation, Taiyuan Iron & Steel (Group) Co., Ltd.

Asia-Pacific is the fastest-growing region for carbon steel plate market

  • Arcelor Mittal
  • Hitachi, Ltd.
  • Kobe Steel, Ltd.
  • Marubeni Itochu Steel Inc.
  • Baosteel Group
  • The Ansteel Group Corporation
  • WISCO-Wuhan Iron & Steel
  • JFE Steel Corporation
  • Taiyuan Iron & Steel (Group) Co., Ltd.
  • Tata Steel
  • Thyssenkrupp