Australia Steel Market Size, Share, Trends and Forecast by Type, Product, Application, and Region, 2025-2033

Australia Steel Market Size, Share, Trends and Forecast by Type, Product, Application, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A31666

Australia Steel Market Overview:

The Australia steel market size reached USD 19.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 25.8 Billion by 2033, exhibiting a growth rate (CAGR) of 3.16% during 2025-2033. The market is driven by strong demand from the construction, infrastructure, and mining sectors, supported by government investments in renewable energy projects and transportation networks. Rising domestic manufacturing, technological advancements in steel production, and export growth to Asian markets further contribute to the industry's expansion and resilience.

Report Attribute
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024 USD 19.5 Billion
Market Forecast in 2033 USD 25.8 Billion
Market Growth Rate 2025-2033 3.16%


Australia Steel Market Trends:

Increasing Demand for Infrastructure Development

The Australian demand for steel is also largely influenced by massive infrastructure development projects like roads, bridges, and rail transport, which are necessary to cater to population growth, urbanization, and economic expansion. Owing to the government's high investment in infrastructure and prioritization of increasing public transport and renewable energy projects, the demand for construction materials such as steel increases. Steel's durability, strength, and flexibility make it the preferred material for these projects. Moreover, the construction sector, which accounts for 52% of global steel demand, relies heavily on steel for sustainable development. As Australia is changing towards a more sustainable style of infrastructure, more focus on green building principles is being implemented. Not only does this fulfill the environmental objective but also energizes the continued high demand for steel throughout Australia.

Australia Steel Market Size

Fluctuating Steel Prices Due to Global Supply Chain Disruptions

Australian steel prices have experienced dramatic ups and downs on account of supply chain disruptions at the international level, catalyzed by geopolitical tensions as well as the COVID-19 pandemic. Trade wars between prominent steel-producing countries, as well as supply chain blockages, have resulted in volatility in steel production as well as prices. Iron ore and coking coal are two important raw resources that are necessary for the production of steel, and their prices have been impacted by supply chain interruptions. Consequently, the Australia steel market is subject to regular price increases and unpredictability. This volatility is problematic for local producers, who have to navigate the unstable pricing landscape to remain competitive in domestic and foreign markets. Therefore, adjusting to these fluctuations is critical to the viability and development of the Australian steel industry.

Advancements in Steel Recycling and Sustainability

Steel recycling is a key component of Australia's steel industry's growing emphasis on sustainability and minimizing its negative environmental effects. Over 90% of steel in Australia is recycled into new products, showcasing the sector’s commitment to resource efficiency and minimizing carbon footprints. Steel recycling is more energy-efficient than manufacturing virgin steel, hence a greener alternative. Australian businesses are making investments in sophisticated technologies to enhance recycling, and this lowers the dependence on raw materials while providing a steady supply of steel. Such a change is not only beneficial to environmental objectives but also fosters a circular economy through reusing rather than disposing of materials. With the continued increase in demand for green steel, this emphasis on recycling will be expected to propel the Australian steel market as part of worldwide efforts to reduce emissions and ensure sustainable development.

Australia Steel Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on type, product, and application.

Type Insights:

  • Flat Steel
  • Long Steel

The report has provided a detailed breakup and analysis of the market based on the type. This includes flat steel, and long steel.

Product Insights:

  • Structural Steel
  • Prestressing Steel
  • Bright Steel
  • Welding Wire and Rod
  • Iron Steel Wire
  • Ropes
  • Braids

A detailed breakup and analysis of the market based on the product have also been provided in the report. This includes structural steel, prestressing steel, bright steel, welding wire and rod, iron steel wire, ropes, and braids.

Application Insights:

Australia Steel Market By Application

  • Building and Construction
  • Electrical Appliances
  • Metal Products
  • Automotive
  • Transportation
  • Mechanical Equipment
  • Domestic Appliances

The report has provided a detailed breakup and analysis of the market based on the application. This includes building and construction, electrical appliances, metal products, automotive, transportation, mechanical equipment, and domestic appliances.

Regional Insights:

  • Australia Capital Territory & New South Wales
  • Victoria & Tasmania
  • Queensland
  • Northern Territory & Southern Australia
  • Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Steel Market News:

  • In February 2025, Australia launched a A$1 billion ($636 million) fund to support the development of green iron and its supply chains. The fund includes an initial A$500 million to rescue Whyalla steelworks in South Australia, which recently faced administration due to unpaid bills. The initiative aims to advance low-carbon steel production, playing a key role in Australia's energy transition and boosting its iron ore industry.

Australia Steel Market Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Scope of the Report

Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:

  • Type
  • Product
  • Application
  • Region
Types Covered Flat Steel, Long Steel
Products Covered Structural Steel, Prestressing Steel, Bright Steel, Welding Wire and Rod, Iron Steel Wire, Ropes, Braids
Applications Covered Building and Construction, Electrical Appliances, Metal Products, Automotive, Transportation, Mechanical Equipment, Domestic Appliances
Regions Covered Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, Western Australia
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the Australia steel market performed so far and how will it perform in the coming years?
  • What is the breakup of the Australia steel market on the basis of type?
  • What is the breakup of the Australia steel market on the basis of product?
  • What is the breakup of the Australia steel market on the basis of application?
  • What is the breakup of the Australia steel market on the basis of region?
  • What are the various stages in the value chain of the Australia steel market? 
  • What are the key driving factors and challenges in the Australia steel market?
  • What is the structure of the Australia steel market and who are the key players?
  • What is the degree of competition in the Australia steel market? 

Key Benefits for Stakeholders:

  • IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia steel market from 2019-2033.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia steel market.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia steel industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Australia Steel Market Size, Share, Trends and Forecast by Type, Product, Application, and Region, 2025-2033
Purchase Options Discount
Offer
Benefits of Customization
  • Personalize this research
  • Triangulate with your data
  • Get data as per your format and definition
  • Gain a deeper dive into a specific application, geography, customer, or competitor
  • Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials