The France steel market size reached USD 30,695.70 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 40,863.06 Million by 2033, exhibiting a growth rate (CAGR) of 3.23% during 2025-2033. Growing demand from construction, automotive, and manufacturing industries, infrastructure projects, and increased focus on sustainable steel production are some of the factors contributing to France steel market share. Government policies, technological advancements, and rising investments in green initiatives further support the market’s growth and innovation.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 30,695.70 Million |
Market Forecast in 2033 | USD 40,863.06 Million |
Market Growth Rate 2025-2033 | 3.23% |
Shift to Electric Arc Furnace Technology in Steel Production
The steel industry is seeing a significant transition toward electric arc furnace (EAF) technology, which reflects increased attempts to modernize manufacturing processes. EAF mills, which employ scrap metal and direct reduced iron (DRI) as raw materials, are gradually replacing traditional blast furnaces. This change supports global environmental goals by lowering carbon emissions and increasing energy efficiency. Governments have an important role in promoting investments in this new technology. The switch to EAF mills is not merely a response to environmental concerns, but also a larger effort to innovate within the sector. As corporations embrace this approach, the future of steel manufacturing appears to be more environmentally friendly and resource efficient. These factors are intensifying the France steel market growth. For example, in May 2025, ArcelorMittal announced its plans to invest EUR 1.2 Billion in Dunkirk, France, to install an electric arc furnace (EAF) production line. This move reflects the company's collaboration with the French government, which has played a significant role in supporting France's steel industry. The investment follows a previous decision to pause some European investments to convert blast furnaces to EAF mills fed by scrap and direct-reduced iron (DRI).
Steel Production Witnessing Strong Recovery
The steel sector is expanding rapidly, with large year-over-year increases in output. This jump demonstrates a favorable market change, fueled by recovery efforts and increased demand. Steel production has consistently increased, indicating resilience and a return to pre-pandemic levels. The sector is benefiting from improved manufacturing processes and stronger market circumstances, resulting in larger monthly outputs than in prior years. This development demonstrates the steel sector's continuous recovery, with businesses adjusting to changing market requirements and difficulties. As production levels climb, the sector is poised for long-term expansion, aided by stronger economic circumstances and continuous investments in advanced technology. The rebound points to a bright future for steel production going ahead. For instance, in March 2025, French steelmakers increased steel production by 10.4% year-on-year, reaching 921 Thousand Tons, securing 18th place globally in steel production rankings by the WorldSteel Association. Between January and March, steel production totaled 2.59 million tons, up 2.1% from the previous year. In 2024, French steel production grew by 7.6%, showing a strong recovery. The average monthly production in 2024 was 896.25 Thousand Tons, higher than in 2023 and 2022.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type, product, and application.
Type Insights:
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:
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:
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes building and construction, electrical appliances, metal products, automotive, transportation, mechanical equipment, and domestic appliances.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Paris Region, Auvergne-Rhône-Alpes, Nouvelle-Aquitaine, Hauts-de-France, Occitanie, Provence Alpes Côte d’Azur, Grand Est, and others.
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.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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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 | Paris Region, Auvergne-Rhône-Alpes, Nouvelle-Aquitaine, Hauts-de-France, Occitanie, Provence Alpes Côte d’Azur, Grand Est, Others |
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:
Key Benefits for Stakeholders: