North America's Carbon Steel Market Poised for a 4.9% CAGR Expansion by 2033

The latest analysis shows North America carbon steel industry revenue is forecast to increase from US$ 78.1 billion in 2023 to US$ 125.6 billion by 2033. Over the assessment period, demand for carbon steel in North America is projected to surge at a CAGR of 4.9%.
The low carbon content steel segment is set to account for a dominant value share of 60.7% in 2023 and exhibit a CAGR of 4.9% throughout the assessment period. This is attributable to the rising usage of low carbon steel in diverse businesses due to its low cost, machinability, and corrosion resistance.
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