China Structural Steel Fabrication Market Size (2024 - 2029)

China Structural Steel Fabrication Market Analysis

The size of China's structural steel fabrication market is USD 110.7 billion in the current year and is anticipated to register a CAGR of over 3.5% during the forecast period. The Chinese construction sector was predicted to rise by 8.5% to CNY 9,508 billion (USD 13 Billion) by 2022.

• China now includes 1.2 billion tons of steel manufacturing capacity annually, with annual consumption averaging around 1 billion tons.
• Steel capacity in China, recognized by the country's Ministry of Industry and Information Technology, reached 1.3 billion tonnes annually. But steel demand is expected only to be around 1 billion tonnes for the current year.
• China's pig iron output in the current year reached 76.78 million metric tons, averaging 2.55 million metric tons/day, up 10.80% on the month, National Bureau of Statistics. According to the China Iron & Steel Association, China's steel-related consumption fell 9.5% year on year to 235 million metric tons in the first quarter of 2022.
• China's crude steel production in the current year was still 5.20% lower on year at 92.78 million metric tons, but the daily output rose 8.60% on the month to 3.09 million metric tons, breaching the 3 million metric tons level for the first time since July 2021.
• China's pig iron and crude steel output in the first four months totaled 280.30 million metric tons and 336.15 million metric tons, still 9.40% and 10.30% lower on the year, respectively, according to the NBS data.

China Structural Steel Fabrication Industry Segmentation

Structural steel fabrication is bending, cutting, and modeling steel to form a structure. Structural steel fabrication pieces of steel are put together to make different structures, usually of predefined sizes and shapes.

This report will provide a detailed analysis of the China structural steel fabrication market. It focuses on market dynamics, technological trends, and insights into various material and application types. Also, it analyses the key players and the competitive landscape in the China structural steel fabrication market.

The China Structural Steel Fabrication Market is segmented by service ( metal welding, metal forming, metal cutting, metal shearing, metal stamping, machining, metal rolling, and others), application( construction, automotive, manufacturing, energy & power, electronics, defense & aerospace, and others). The report offers market size and forecasts for the China Structural Steel Fabrication Market in value (USD) for all the above segments.