North American Structural Steel Market Set for Robust Growth Through 2035
Steel News | 2026-08-11 12:18:42 | By Paul Ploumis
According to the findings of the report, the market was valued at about $24.91 billion in 2025 and is projected to reach nearly $39.81 billion by 2035, expanding at a compound annual growth rate (CAGR) of 4.8% between 2026 and 2035.
North American Structural Steel Market Set for Steady Growth Through 2035
Infrastructure spending and commercial construction are projected to push the market from $24.91 billion in 2025 to nearly $39.81 billion by 2035, according to Precedence Research.
WHAT READERS SHOULD KNOW
- The market was valued at about $24.91 billion in 2025 and is estimated to reach $26.11 billion in 2026.
- Precedence Research projects the market to reach nearly $39.81 billion by 2035, a 4.8% CAGR from 2026 to 2035.
- High sectional steel and rebar each held a 38% product share in 2025; light sectional steel held 24%.
- Non-residential construction accounted for 69% of applications, versus 31% for residential.
- Growth is tied to infrastructure upgrades, industrial expansion, and demand for large commercial facilities.
- Nucor, Steel Dynamics, ArcelorMittal, Gerdau North America, and Reliance Steel & Aluminum lead the sector.
MONTREAL (Scrap Monster): The North American structural steel market is expected to maintain steady growth over the next decade, according to a recent market research report by Precedence Research. Ongoing infrastructure upgrades, industrial expansion, and rising demand for large commercial facilities are likely to support that growth, the report noted.
Market Size and Growth Outlook
The market was valued at about $24.91 billion in 2025 and is projected to reach nearly $39.81 billion by 2035, expanding at a compound annual growth rate (CAGR) of 4.8% between 2026 and 2035. The market is estimated to reach $26.11 billion in 2026.
Why Structural Steel Demand Is Rising
The report identifies public spending on aging infrastructure as a key driver of the projected market growth. Fresh investments in bridges, highways, and public transportation are creating new demand for durable steel structures.
The rapid construction of data centers, warehouses, and other large buildings is also boosting steel consumption.
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Product Mix: Sectional Steel and Rebar Lead
By product, high sectional steel and rebar each accounted for 38% of the market in 2025, while light sectional steel held a 24% share.
Non-Residential Construction Drives Demand
The non-residential sector dominated applications with a 69% share, compared with 31% for residential construction.
Leading Producers in the Market
Leading companies in the sector include Nucor, Steel Dynamics, ArcelorMittal, Gerdau North America, and Reliance Steel & Aluminum, the report said.
People Also Ask
How large is the North American structural steel market expected to be in 2026?
The market is estimated to reach $26.11 billion in 2026, according to Precedence Research.
What growth rate is the market projected to have through 2035?
The market is projected to grow at a CAGR of 4.8% between 2026 and 2035, reaching nearly $39.81 billion.
Which structural steel products hold the largest market share?
High sectional steel and rebar each account for 38% of the market, with light sectional steel holding 24%.
Does residential or non-residential construction use more structural steel?
Non-residential construction accounts for 69% of structural steel applications, compared with 31% for residential construction.
Which companies lead the North American structural steel market?
Leading companies include Nucor, Steel Dynamics, ArcelorMittal, Gerdau North America, and Reliance Steel & Aluminum.