Steel Rolling in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
3230Revenue
$1.1tr
Past 5-Year Growth
Profit
$XX.Xbn
Employees
3m
Businesses
4,642
Wages
$XX.Xbn
Steel Rolling in China industry analysis
In 2023, revenue for the Steel Rolling industry in China decreased by 7.4% to total $1.1 trillion. Over the past five years, revenue has increased at an annualized 1.1%, driven by rising demand for high quality and value-added steel products from downstream industries such as automobile manufacturing (IBISWorld industry report 3721) and real estate management and development (7210a and 7210b). Profit margins have recovered to 1.2% of industry revenue in 2023.In recent years, industry operators have experienced supply surplus problems. However, long-term prospects are promising as China continues to become more urbanized and the government focuses on expanding infrastructure. The number of enterprises operating in the industry has been falling in growth rate over the past five years due to consolidation and the maturing of the industry.Strengthening the industrial base is the top priority in building a manufacturing power, intelligent manufacturing has improved the efficiency of the industry, including the digital construction of automated robots, to help the transformation of the industry.According to China's 14th Five-Year plan (2021 to 2025), the government is encouraging the application of new technologies and processes within the industry. This, along with rising urbanization in China and growing investments in infrastructure improvements and especially under the goal of ‘peak carbon' and ‘carbon neutral' in the next years. In the five years through 2028, ACMR-IBISWorld forecasts that revenue will grow at an annualized rate of 3.8%, amounting to $1.3 trillion.
Trends and Insights
- The steel industry focuses on green and high-quality development. The steel industry actively ADAPTS to market changes, pays attention to scientific and technological innovation, and further promotes high-end, intelligent, and green transformation.
- Steel rebar is relatively high in the industry. Steel rebar is commonly used in construction and bridge construction; therefore, a lot of steel is needed.
- Industry operations are mainly located in East China, North China and Middle South China regions. The industry's main provinces of Hebei, Jiangsu, Liaoning, Shandong, Shanghai and Tianjin.
- Product competition is usually adopted by large enterprises with strong production capacity. The advantages of enterprises in some product segments will enable enterprises to obtain higher profits.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.1 % over the past five years, to reach an estimated $1.1tr in 2024.
Trends and Insights
The gradual economic recovery boosted the industry recovery
- The economy gradually recovered in the second half of 2023, the overall international environment was improved, while consumption and investment grow in step with GDP as national policies are further clarified and real estate issues are effectively addressed.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Export demand will increase
- Large-scale infrastructure construction projects brought on by the government's investment package will considerably boost domestic demand for steel products.
Biggest companies in the Steel Rolling in China
| Company | Market Share (%)
2023 | Revenue ($short_0)
2023 |
|---|
There are no companies that hold a large enough market share in the Steel Rolling in China industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Steel rebar, Wire rods and Medially thick and wide strips. Steel rebar is the largest segment of the Steel Rolling in China.
Trends and Insights
Steel rebar is used for building and bridge construction
- Steel bar is a type of steel used to reinforce concrete structures, usually having a threaded surface to increase adhesion to the concrete.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Iron & Steel Casting in China
Complementors
- Iron and Steel Smelting in China
International industries
- Steel Rolling & Drawing in the US
- Steel Rolling & Drawing in Canada
- Iron Smelting and Steel Manufacturing in Australia
- Basic Steel Processing in the UK
Table of Contents
About this industry
Industry definition
The Steel Rolling industry shapes slabs or ingots into steel products of a wide range of shapes and sizes through processing methods such as hot rolling, cold rolling, forging and extruding.
What's included in this industry?
Steel billetWire rodsMedially thick and wide stripsSteel barsHot-rolled and narrow stripsMedium platingMedium and small sectionHot-rolled and wide strips and other productsCompanies
Purchase this report to view all major companies in this industry.
Related Terms
REBARWELDED TUBESEAMLESS TUBEPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The steel industry focuses on green and high-quality development. The steel industry actively ADAPTS to market changes, pays attention to scientific and technological innovat...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Steel rebar is relatively high in the industry. Steel rebar is commonly used in construction and bridge construction; therefore, a lot of steel is needed.
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Industry operations are mainly located in East China, North China and Middle South China regions. The industry's main provinces of Hebei, Jiangsu, Liaoning, Shandong, Shangha...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Product competition is usually adopted by large enterprises with strong production capacity. The advantages of enterprises in some product segments will enable enterprises to...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Big data enables smart manufacturing. Enterprises in the industry use data empowerment to use artificial intelligence technologies like automated robots for intelligent manuf...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Upstream raw material prices have a greater impact on the industry. Higher iron ore prices have pushed up industry input costs. Higher iron ore prices passed on by the iron o...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Industry profitability is low. Higher prices for raw materials like iron ore and coke were the main reason for the decline in profit margins.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Steel Rolling industry in China in 2024?
The market size of the Steel Rolling industry in China is $1.1tr in 2024.
How many businesses are there in the Steel Rolling in China industry in 2024?
There are 4,642 businesses in the Steel Rolling industry in China, which has grown at a CAGR of 0.1 % between 2019 and 2024.
Has the Steel Rolling industry in China grown or declined over the past 5 years?
The market size of the Steel Rolling industry in China has been growing at a CAGR of 1.1 % between 2019 and 2024.
What is the forecast growth of the Steel Rolling industry in China over the next 5 years?
Over the next five years, the Steel Rolling industry in China is expected to grow.
What does the Steel Rolling in China include?
Steel billet and Wire rods are part of the Steel Rolling industry.
How competitive is the Steel Rolling industry in China?
The level of competition is high and steady in the Steel Rolling industry in China.
