Top 9 Companies in Steel Tubes Industry

The global steel tubes market reached a value of US$ 82.2 Billion in 2023. Steel tubes are durable metal tubes available in different shapes, like square, rectangle, and round. They are manufactured from iron alloys and other elements such as carbon, tungsten, manganese, aluminum, and titanium.

As per the analysis by IMARC Group, the top steel tubes manufacturers are introducing innovative variants of steel tubes that offer high energy absorption capacity, construction safety, and resistance against collision shocks. They are also incorporating chrome plating technology, which helps improve the finishing of steel products, including steel tubes, without harming the environment. Apart from this, several manufacturers are developing heat-resistant stainless steel for exhaust manifolds, automobile catalyst carriers, and disk brakes. On account of these factors, the market value is expected to reach US$ 92.8 Billion by 2032, exhibiting a CAGR of 1.3% during 2024-2032.

Learn about opportunities, challenges, and trends in the global Steel Tubes market with IMARC’s market research report. Try a free sample today!

List of Top Companies Operating in the Steel Tubes Industry:

The global Steel Tubes market has several major players, including Borusan Mannesmann Boru Sanayi ve Ticaret A.S, JFE Steel Corporation, ArcelorMittal S.A., Ltd., Nippon Steel Corporation, POSCO, Nucor Corporation, etc.More information about these companies has been provided below.

1. Borusan Mannesmann Boru Sanayi ve Ticaret A.S

Today, Borusan Mannesmann stands as one of Europe's leading steel pipe producers and a market leader in Turkey with a labor force of 1500 employees and 1.4 million tons of steel pipe production capacity. The company offers a wide range of products, including line pipes, drill pipes, natural gas, and high-pressure pipes for world-famous energy projects. The production activities to manufacture these pipes are carried out in Gemlik and Halkal in Turkey and Italy and the USA.

2. JFE Steel Corporation

JFE Steel is a steelmaker engaged in the total steelmaking process, taking iron ore raw material and turning it into final products. It produces a range of steel sheets, plates, pipes and tubes, electrical sheets, stainless steel, steel bars and iron rods, and iron powders. Boasting one of the world's greatest capacities for steel production, JFE Steel satisfies customers by producing steel under a corporate philosophy of "contributing to society with the world's most innovative technology." Moreover, the company also contributes to environmental protection by developing reduced-impact ironmaking processes and high-performance steel materials.

3. ArcelorMittal S.A.

ArcelorMittal is a world-leading steel producer with an annual achievable production capacity of approximately 118 million tonnes of crude steel in 2018.  The company’s diversified portfolio of products, including slabs, hot- and cold-rolled coils, coated steel products, tinplate, and heavy plates, enables them to meet customer requirements across various industries. Moreover, ArcelorMittal uses its researchers’ expertise to develop cleaner processes and greener products, including ultra-high-strength steel (UHSS) and Ultra-Low CO2Steelmaking (ULCOS), to make steel production more sustainable and help reduce both their environmental impact and that of their customers.

4. Jindal SAW Ltd.

Jindal SAW Ltd. is a leading global manufacturer and supplier of iron & steel pipe products, fittings, and accessories with manufacturing facilities in India, the USA, Europe, and the UAE (MENA). It deals with the world’s leading oil and gas companies, engineering companies, and authorities dealing in irrigation and water resources, engaged in oil and gas exploration, transportation, power generation, the supply of water for drinking and irrigation purposes, and other industrial applications.

5. China Baowu Steel Group Corp., Ltd.

In over 30 years, Baosteel has grown into one of the most competitive iron and steel companies with the highest level of modernization in China. By the end of 2014, Baosteel had a workforce of 130,000 spreading all over the globe. It insists on technological innovation, persistently increases the inputs in R&D, energetically drives the construction of system capability, actively explores innovations of mechanism and management, and possesses a batch of technologies and achievements of independent intellectual property.

6. Gerdau

Gerdau is a major producer of long steel in the Americas and one of the world's largest suppliers of specialty steel. It is a publicly-traded company listed on the New York, São Paulo, and Madrid stock exchanges. The mills of the company utilize efficient and clean production practices, including the use of electric arc furnace (EAF) technology, making steel one of the greenest choices available. It also transforms millions of tons of scrap into steel.

7. Nippon & Sumitomo Stainless Steel Metal Corporation (NSSMC)     

 NSSC is a company specializing in the steelmaking business of the NSSMC Group. It offers various forms of products, such as sheet and strip, plate, and wire rods, which are produced with state-of-the-art technology and equipment. The company also provides elaborately designed products, including coated (color, resin), polished and embossed sheets. Moreover, NSSC is proceeding with high-level R&D activities covering different processes ranging from steelmaking to materials and from the basics to applications.

8. POSCO

As the first integrated steel mill in Korea, POSCO has grown to produce 41 million tons of crude steel a year and has grown to become a global business with production and sales in 53 countries in the world. With an annual capacity of 42 million tons of steel products, POSCO exports a wide range of steel products, including hot-rolled sheets, plates, wire rods, cold-rolled sheets, galvanized sheets, and stainless steel to 53 countries, earning worldwide recognition for its superb technology and excellent quality. These products are extensively used in a wide range of industries such as automotive, shipbuilding, construction, energy, and home appliances.

9. Nucor Corporation

Nucor is North America's leading producer of steel and steel products. The company’s portfolio includes carbon and alloy steel - in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating; and wire and wire mesh.

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