Taiwan Steel Market

Taiwan Steel Market Overview:

The Taiwan steel market size reached USD 6,877.02 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 9,107.12 Million by 2033, exhibiting a growth rate (CAGR) of 3.17% during 2025-2033. Strong domestic demand in the construction, automotive, and manufacturing sectors is one of the factors contributing to Taiwan steel market share. Key factors include infrastructure development, industrial growth, government policies, and export demand. Technological advancements and increasing use of sustainable materials also influence market trends and expansion.

Taiwan Steel Market Trends:

Global Steel Production Shifting to Strategic Hubs

A new steel production facility has been established in Türkiye, marking a significant step in strengthening the region’s role as a key player in the global steel market. The plant, focused on producing steel tubes, is set to become a critical part of the supply chain, connecting markets across Europe, Asia, and Africa. This expansion highlights the growing importance of diversifying manufacturing locations to meet the rising global demand for steel. By positioning Türkiye as a strategic manufacturing and distribution center, companies are enhancing their ability to serve key international markets more efficiently. The shift underscores the evolving dynamics of steel production and distribution in response to the changing global landscape. These factors are intensifying the Taiwan steel market growth. For example, in January 2025, YC Inox Co., a Taiwan-based specialty steel producer, launched a new USD 80 Million steel tube production facility in Türkiye. Located in Kocaeli's Dilovasi zone, the plant spans 53,000 square meters and employs over 400 workers. Initially producing 20,000 tons annually, YC Inox plans further expansion, positioning Türkiye as a strategic hub for steel manufacturing and distribution across Europe, Asia, and Africa. This expansion also strengthens Taiwan's position in the global steel market.

Steel Industry Strengthening Global Reach through Strategic Expansion

Taiwan’s steel sector is increasingly focusing on international expansion, positioning itself as a key player in the global market. The establishment of advanced steel production facilities in strategic locations, such as Türkiye, is part of a broader strategy to diversify manufacturing bases and strengthen supply chains. By investing in production plants that cater to specific regions, Taiwanese companies are gaining better access to key markets across Europe, Asia, and Africa. These facilities are equipped with cutting-edge technology, allowing for the efficient production of specialized steel products, meeting the varied demands of industries like construction, automotive, and energy. This expansion also allows Taiwanese steel manufacturers to reduce logistical costs, enhance delivery speed, and adapt more quickly to regional market shifts. As the global demand for steel continues to rise, this approach is ensuring that Taiwanese steel companies remain competitive, increase their market share, and reinforce their position as major suppliers in international markets. This strategic move signals the ongoing transformation of Taiwan’s steel industry in response to global economic changes.

Taiwan Steel Market Segmentation:

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:

• 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:

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

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:

• Northern Taiwan
• Central Taiwan
• Southern Taiwan
• Eastern Taiwan

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Taiwan, Central Taiwan, Southern Taiwan, and Eastern Taiwan.

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.

Taiwan Steel Market News:

• In April 2025, Kostrikin Bikes announced the launch of its first production steel hardtail frame, the HT Trail V1, designed for optimal performance. Crafted by Taiwan's ORA Engineering, the frame features aggressive geometry for demanding downhills, with a smooth, compliant ride. Available in blue and grey in sizes S, M, L, and XL, the bike offers exceptional trail performance, enhanced rear wheel stiffness, and front wheel rollover, making it both lightweight and budget-friendly.

Taiwan Steel Market Report Coverage:

Key Questions Answered in This Report:

• How has the Taiwan steel market performed so far and how will it perform in the coming years?
• What is the breakup of the Taiwan steel market on the basis of type?
• What is the breakup of the Taiwan steel market on the basis of product?
• What is the breakup of the Taiwan steel market on the basis of application?
• What is the breakup of the Taiwan steel market on the basis of region?
• What are the various stages in the value chain of the Taiwan steel market? 
• What are the key driving factors and challenges in the Taiwan steel market?
• What is the structure of the Taiwan steel market and who are the key players?
• What is the degree of competition in the Taiwan 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 Taiwan steel market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Taiwan 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 Taiwan 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.