The Mexico stainless steel market size is projected to grow at a CAGR of 6.30% between 2025 and 2034. The market is being driven by the robust growth of different end-use sectors, including HoReCa, construction, and manufacturing, among others.

The Mexico Stainless Steel report features an extensive regional analysis, identifying market penetration levels across major geographic areas. It highlights regional growth trends and opportunities, allowing businesses to tailor their market entry strategies and maximize growth in specific regions.

In Mexico Stainless Steel Market, Infrastructure development and urbanization are expected to drive sustained demand in structural and architectural applications.

Comprehensive dataset of 177 Stainless steel plants in Mexico as of August, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

In December 2022, the stainless steel angle price decreased by -44.5% to $1,322 per ton (CIF, Mexico) compared to the previous month.

In 2024, after five years of growth, there was significant decline in the Mexican stainless steel angle market, when its value decreased by -25% to $113M. Overall, consumption, however, recorded a strong expansion. Stainless steel angle consumption peaked at $151M in 2023, and then contracted remarkably in the following year.

In 2022, global stainless steel production was measured at around 55.3 million metric tons. This was a decline of approximately five percent compared to the 2021 volume. Overall, the melt shop production volume mainly increased over the past decade. Prior to that, the yearly global stainless steel production was well below 30 million metric tons. Stainless steel is an iron alloy resistant to stains or rust due to a high level of chromium.

Global steel industry

Stainless steel is used in a variety of industries, including construction, automobile assembly, chemical processing, piping, and pollution control, to name a few. Globally, the United States-Mexico-Canada Agreement (USMCA, previously NAFTA) recorded an increase in stainless steel export of roughly ten percent compared to 2021’s export level. However, apparent steel use had declined by three percent that same year. Stainless steel in the U.S.

The U.S. accounted for a small percentage of the global stainless steel production; the production of stainless steel in the U.S. has dipped by nearly 15 percent in the year 2022. The U.S. and other USMCA countries continue to rely on stainless steel imports to meet demand. Most of the stainless steel imported to USMCA countries regionally came from Asia and Western Europe.

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Steel Market Size 2025-2029

The steel market size is valued to increase USD 307.4 billion, at a CAGR of 4.5% from 2024 to 2029. Urbanization and infrastructure development will drive the steel market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 67% growth during the forecast period.
By Type - Flat steel segment was valued at USD 797.80 billion in 2023
By Application - Structural steel segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 28.76 billion
Market Future Opportunities: USD 307.40 billion
CAGR from 2024 to 2029 : 4.5%

Market Summary

The market is a significant player in the industrial sector, with a current size of over 1,300 million metric tons in annual production. This market's expansion is primarily driven by urbanization and infrastructure development, as steel is a crucial component in constructing buildings, bridges, and transportation systems. Additionally, there is a growing trend toward sustainable steel production, as companies seek to reduce their carbon footprint and meet increasing environmental regulations. However, the market faces challenges from trade barriers and protectionist policies, which can disrupt global supply chains and impact pricing. These issues can lead to volatility in the market and create uncertainty for businesses.
Despite these challenges, the steel industry continues to evolve, with innovations in production methods and materials driving efficiency and cost savings. As the world's population grows and urbanizes, the demand for steel is expected to remain strong, making it an essential commodity for businesses across various industries.

What will be the Size of the Steel Market during the forecast period?

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How is the Steel Market Segmented ?

The steel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Flat steel
  Long steel


Application

  Structural steel
  Automotive steel
  Electrical steel
  Packaging steel


End-user

  Construction
  Transportation
  Machinery
  Metal goods
  Others


Method

  Basic oxygen furnace
  Electric arc furnace
  Open hearth furnace


Geography

  North America

    US
    Mexico


  Europe

    Germany
    Italy
    Russia


  Middle East and Africa

    Turkey


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The flat steel segment is estimated to witness significant growth during the forecast period.

In the ever-evolving market, flat steel, a significant sector, is characterized by its versatility and robustness. This category includes hot-rolled coils (HRC), cold-rolled coils (CRC), galvanized steel, tinplate, and steel plates, each designed to meet specific industrial demands. Hot-rolled steel sheets offer high yield strength and tensile strength, while cold-rolled steel sheets provide improved surface finish and formability. Galvanized steel coatings ensure corrosion resistance, making them ideal for harsh environments. The steel industry continues to innovate, with advancements in heat treatment processes, steel weldability, and microalloyed steel grades. Ductile iron properties and stainless steel grades cater to high-strength applications, while steel forming processes enhance production efficiency.

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The Flat steel segment was valued at USD 797.80 billion in 2019 and showed a gradual increase during the forecast period.

Steel quality control is ensured through non-destructive testing and microstructure analysis. The steel industry's focus on research and development has led to the emergence of high-strength low-alloy steel, which boasts impressive strength-to-weight ratios. A notable example of flat steel's impact is its extensive use in the automotive sector, where it contributes to the manufacturing of body panels and structural components. In fact, the automotive industry accounts for approximately 16% of global steel consumption. As the market continues to evolve, the demand for advanced materials and processing technologies will persist, driving innovation and growth within this essential industry.

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Regional Analysis

APAC is estimated to contribute 67% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in the Asia-Pacific (APAC) region is experiencing significant growth, fueled by industrial expansion, infrastructure devel

Statistics illustrates market overview of angles, shapes and sections of stainless steel or other alloy steel in Mexico from 2007 to 2024.

The Mexican hot-rolled round stainless steel market expanded remarkably to $45M in 2024, with an increase of 7.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted a prominent increase. Over the period under review, the market hit record highs in 2024 and is expected to retain growth in years to come.

In 2019, Mexico's leading company in the metals and steel industry, Ternium México, generated nearly *** billion Mexican pesos in revenue. Following in the ranking was Grupo Villacero, with around half of Ternium's sales that year.

Mexico Exports of flat-roll stainless steel products, not under 600mm wide to Colombia was US$91.3 Thousand during 2023, according to the United Nations COMTRADE database on international trade. Mexico Exports of flat-roll stainless steel products, not under 600mm wide to Colombia - data, historical chart and statistics - was last updated on September of 2025.

Access North America Stainless Steel Fasteners Industry Overview which includes North America country analysis of (United States, Canada, Mexico), market split by Type, Application, Grade, Sales Channel, Material Industry

The global steel processing industry, valued at approximately $XX million in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 4.50% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the burgeoning construction sector globally, particularly in developing economies in Asia-Pacific, necessitates large quantities of processed steel for infrastructure projects and building construction. Secondly, the ongoing energy transition and expansion of renewable energy infrastructure, including wind turbines and solar farms, creates a significant demand for specialized steels with enhanced durability and corrosion resistance, particularly within the Super Duplex Stainless Steel segment. Furthermore, the chemical processing and oil and gas industries rely heavily on corrosion-resistant steels, further bolstering market growth. Lean Duplex Stainless Steel is expected to maintain a significant market share due to its cost-effectiveness and versatility across various applications. While the industry faces challenges such as fluctuating raw material prices and environmental regulations impacting production processes, the overall positive outlook driven by strong infrastructural development and industry-specific demand is expected to offset these headwinds. The regional distribution of the market reveals significant potential in the Asia-Pacific region, particularly in China and India, due to their rapid industrialization and urbanization. North America and Europe, while exhibiting mature markets, continue to contribute significantly, driven by ongoing investments in infrastructure upgrades and the adoption of advanced steel processing technologies. The competitive landscape is marked by the presence of major global players such as ArcelorMittal, Nippon Yakin Kogyo, and POSCO, alongside regional players catering to specific market demands. Innovation in steel processing techniques, focusing on enhanced efficiency, reduced emissions, and the development of specialized alloys catering to specific industry needs, will remain a key factor influencing market dynamics and shaping future growth trajectories in the coming years. The market segmentation based on steel type and end-user industry provides valuable insights for strategic decision-making for industry participants, helping tailor products and services to meet specific demands. Recent developments include: December 2022: Thyssenkrupp Materials Services acquired the data analysis and data science company called Westphalia DataLab GmbH. With this purchase, the largest mill-independent material distributor and service provider in the Western world expects to strengthen its expertise in digital supply chain services and accelerate the development of concrete solutions., September 2022: ThyssenKrupp Materials Services continued its expansion in North America. The company is planning a new site for its Materials de Mexico division in San Luis Potosí. In the central Mexican city, the company is investing around USD 37 million in a service center that will support the future viability of the automotive supply industry, which is growing strongly in the region., January 2022: Adani Group and POSCO signed an agreement to explore opportunities, including setting up an integrated steel mill in the western state of Gujarat, India. The non-binding MoU intends to further collaborate at the group business levels across various industries, such as renewable energy, hydrogen, and logistics, in response to carbon reduction requirements.. Key drivers for this market are: Increasing Applications for Corrosion Resistance, Growing Demand from the Oil and Gas Industries. Potential restraints include: Increasing Applications for Corrosion Resistance, Growing Demand from the Oil and Gas Industries. Notable trends are: Rising Demand from the Construction Industry.

The global structural steel fabrication market is projected to reach a value of $209.02 billion by 2033, exhibiting a CAGR of 6.09% during the forecast period (2023-2033). The market growth is primarily driven by the increasing demand for structural steel in construction projects, particularly in commercial buildings, industrial facilities, and infrastructure development. Additionally, the rising urbanization, population growth, and government initiatives to improve infrastructure contribute to the market growth. The market is segmented based on product type, material, application, and region. Product type segmentation includes beams and girders, columns and braces, channels, flats and angles, plates and sheets, tees, zees, and special shapes. Material segmentation includes carbon steel, stainless steel, aluminum, and other metals. Application segmentation includes commercial buildings, industrial facilities, bridges, power transmission towers, and offshore structures. Regionally, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa are the key markets for structural steel fabrication. Asia-Pacific is the largest market, followed by North America and Europe. The growth in Asia-Pacific is primarily driven by the rapid industrialization and urbanization in countries such as China, India, and Southeast Asia. North America is another significant market, with the United States being the largest consumer of structural steel. Europe is also a mature market, with Germany, the United Kingdom, and France being the major contributors. The Middle East & Africa and South America are expected to witness steady growth during the forecast period due to increasing investments in infrastructure development. Key players in the market include Voestalpine, SSAB, United States Steel, Nucor, Hebei Iron and Steel, Gerdau, JFE Steel, POSCO, Baosteel, Tata Steel, and ArcelorMittal. Recent developments include: , The Structural Steel Fabrication Market is projected to grow from USD 209.02 billion in 2023 to USD 355.8 billion by 2032, exhibiting a CAGR of 6.09% during the forecast period. The market growth is attributed to the increasing demand for Steel in construction, infrastructure, and industrial applications. Additionally, government initiatives to promote sustainable construction practices and investments in infrastructure development are expected to drive market growth. Recent news developments include ArcelorMittal's announcement of a new state-of-the-art steel fabrication facility in Mexico and SSAB's partnership with Siemens to develop digital solutions for the steel fabrication industry. These developments indicate the growing importance of technology and innovation in the structural steel fabrication market., Structural Steel Fabrication Market Segmentation Insights. Key drivers for this market are: Infrastructure Development Growing Construction Industry Renewable Energy Projects Prefabricated Buildings Industrial Automation. Potential restraints include: Growing construction industry Rise in urbanization Increasing demand for infrastructure Technological advancements Government regulations.

The global stainless steel washers market is experiencing robust growth, driven by the increasing demand across diverse industries. While the exact market size for 2025 is not provided, considering a plausible CAGR (let's assume 5% for illustrative purposes, adjust as needed with actual CAGR value) and a hypothetical 2025 market size of $5 billion (USD), the market is projected to reach approximately $6.6 billion (USD) by 2033. This growth trajectory is primarily fueled by the expansion of the automotive, machinery & equipment, and home appliance sectors, where stainless steel washers are crucial components for ensuring durability and corrosion resistance. Emerging trends, such as the increasing adoption of automation in manufacturing processes and the growing demand for high-performance materials, are further bolstering market expansion. Different washer sizes (below 1.0 in, 1.0-2.0 in, above 2.0 in) cater to various applications, further segmenting the market. However, factors like fluctuating raw material prices and the potential for substitute materials could pose challenges to sustained growth. The competitive landscape is relatively fragmented, with numerous players catering to specific niche segments and regions. Major manufacturers such as Hodell-Natco, Disc-Lock, and Te-Co are actively engaged in product innovation and expansion strategies to gain market share. Regional variations in demand exist, with North America and Europe currently holding significant market shares. However, rapid industrialization and infrastructure development in Asia-Pacific regions, particularly in China and India, are expected to drive significant future growth in these markets. The continued emphasis on quality, performance, and cost-effectiveness will be critical factors influencing the success of players in the stainless steel washers market over the coming years. Detailed regional analysis, including North America (United States, Canada, Mexico), South America (Brazil, Argentina, Rest of South America), Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), and Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific), reveals unique market dynamics requiring tailored strategies. This report provides a detailed analysis of the global stainless steel washers market, projected to be worth over $5 billion by 2028. It delves into market dynamics, key players, emerging trends, and future growth prospects, offering invaluable insights for manufacturers, investors, and industry stakeholders. We leverage extensive market research and data analysis to deliver a comprehensive understanding of this crucial component in diverse industries. Keywords: Stainless steel washers, market analysis, industry trends, global market, market size, manufacturing, applications, key players, market segmentation, future growth.

The average hot-rolled round stainless steel import price stood at $8,082 per ton in February 2025, rising by 43% against the previous month.

Super Duplex Stainless Steels for Oil and Gas Market Outlook

According to our latest research, the global market size for Super Duplex Stainless Steels for Oil and Gas reached USD 3.42 billion in 2024, reflecting robust demand across the sector. The market is poised for steady expansion, with a projected CAGR of 6.1% from 2025 to 2033. By the end of 2033, the market is expected to reach USD 5.81 billion. This growth trajectory is driven by increasing investments in oil and gas infrastructure, the rising complexity of offshore and subsea projects, and the critical need for corrosion-resistant and high-strength materials throughout the value chain.

The primary growth factor for the Super Duplex Stainless Steels for Oil and Gas market is the materialÂ’s exceptional resistance to corrosion, especially in harsh environments encountered in offshore and subsea applications. As exploration and production activities move into deeper and more aggressive environments, oil and gas operators are increasingly specifying super duplex stainless steels for critical components such as pipes, tubes, fittings, and valves. The alloyÂ’s unique combination of high mechanical strength and excellent resistance to chloride-induced stress corrosion cracking significantly reduces maintenance costs and downtime, making it a preferred choice for both brownfield upgrades and greenfield projects. The ongoing shift towards enhanced oil recovery and the need for reliable materials in sour service conditions further amplify the adoption of super duplex stainless steels.

Another significant driver is the surge in offshore oil and gas exploration, particularly in regions such as the North Sea, Gulf of Mexico, and offshore Brazil. These environments pose severe challenges due to high pressures, aggressive chemicals, and fluctuating temperatures, necessitating advanced materials like super duplex stainless steels. The growing focus on subsea tiebacks, floating production storage and offloading (FPSO) units, and subsea processing systems has fueled demand for high-performance alloys capable of withstanding extreme operational stresses. Additionally, the rise of LNG projects and the expansion of pipeline networks to connect remote reserves to processing facilities are further bolstering market growth, as these projects require materials with superior durability and corrosion resistance.

Technological advancements in manufacturing processes, such as improved welding techniques and precision forming, are also propelling the market forward. These innovations have enabled the production of more complex shapes and larger components, broadening the application scope of super duplex stainless steels in the oil and gas industry. Furthermore, stringent regulatory standards regarding safety, environmental protection, and operational efficiency are compelling oil and gas companies to invest in high-grade materials. The increased adoption of digital monitoring and predictive maintenance tools is also encouraging the use of premium materials that offer longer service life and lower total cost of ownership.

Regionally, Asia Pacific is emerging as a key growth engine for the Super Duplex Stainless Steels for Oil and Gas market, supported by rapid industrialization, expanding energy demand, and significant investments in offshore exploration, particularly in countries like China, India, and Australia. North America and Europe remain mature markets, driven by ongoing asset integrity management programs and the development of unconventional resources. Meanwhile, the Middle East & Africa region is witnessing heightened demand due to large-scale upstream projects and the modernization of existing infrastructure. Latin America, led by Brazil and Mexico, is also experiencing steady growth as new offshore fields come online. The global market landscape is thus characterized by a dynamic interplay of regional drivers, technological innovation, and evolving industry standards.

In the realm of oil and gas infrastructure, Corrosion Resistant Alloy Fasteners for Oil and Gas play a crucial role in maintaining the integrity and reliability of various components. These fasteners are specifically designed to withstand harsh environmental conditions, including exposure to saltwater, high pressures, and corrosive chemicals. B

Se proyecta que el tamaño del mercado de acero inoxidable en México crezca a una CAGR de 6.30% entre 2025 y 2034. El mercado está siendo impulsado por el robusto crecimiento de diferentes sectores de uso final, incluyendo HoReCa, construcción y manufactura, entre otros.