Steel Tubes Market
By Product Type;
Seamless Steel Tubes, Welded Steel Tubes and OthersBy Application;
Automotive, Construction, Oil & Gas, Industrial Machinery and OthersBy Material;
Carbon Steel, Stainless Steel, Alloy Steel and OthersBy Production Process;
Hot Rolling, Cold Rolling, Extrusion and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Introduction
Steel Tubes Market (USD Million), 2021 - 2031
In the year 2024, the Global Steel Tubes Market was valued at USD 96,538.86 million. The size of this market is expected to increase to USD 108,629.76 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 1.7%.
Steel Tubes Market
*Market size in USD million
CAGR 1.7 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 1.7 % |
| Market Size (2024) | USD 96,538.86 Million |
| Market Size (2031) | USD 108,629.76 Million |
| Market Concentration | High |
| Report Pages | 307 |
Major Players
- ArcelorMittal
- NSSMC
- POSCO
- Shanghai Baosteel Group (Baosteel)
- Tata Steel
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Steel Tubes Market
Fragmented - Highly competitive market without dominant players
The Global Steel Tubes Market has experienced significant growth due to the increasing demand for steel tubes in a variety of industries such as construction, automotive, energy, and manufacturing. Steel tubes are used in a wide range of applications, from structural components in buildings and bridges to fuel and gas transportation in the energy sector. Their strength, durability, and versatility make them essential in many industrial applications. The market is driven by urbanization and infrastructure development, especially in emerging economies, where there is a growing need for steel tubes in the construction of residential, commercial, and industrial buildings. Additionally, the automotive industry's demand for lightweight, durable steel tubes for vehicle frames and exhaust systems contributes to the growth of the market.
The energy sector is another key driver of the global steel tubes market. Steel tubes are vital for transporting oil, gas, and water in pipelines, which is essential for the functioning of the global energy infrastructure. As countries shift towards renewable energy sources, steel tubes are also used in the construction of wind farms, solar power plants, and other green energy projects. The growing emphasis on energy efficiency and sustainable development has spurred the demand for high-quality, corrosion-resistant steel tubes capable of withstanding extreme temperatures and pressures. This trend is particularly evident in the offshore oil and gas exploration industry, where high-performance steel tubes are needed for deep-water drilling and transportation.
Despite these growth factors, the steel tubes market faces several challenges, including fluctuations in raw material prices, particularly for steel, and the increasing competition from alternative materials such as plastic and composite tubes. These factors can impact the profitability and pricing strategies of steel tube manufacturers. However, the market presents ample opportunities for innovation, particularly in the development of advanced steel tube products with specialized coatings and treatments to enhance durability and performance. The adoption of new manufacturing technologies, such as additive manufacturing and automation, is also expected to improve production efficiency and cater to the rising demand for customized steel tubes. As industries evolve and new applications emerge, the steel tubes market is expected to continue expanding, driven by technological advancements and the ongoing need for reliable, high-performance materials.
Steel Tubes Market Key Takeaways
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The Steel Tubes Market is Witnessing Significant Growth Driven by Increasing Demand from Construction, Oil and Gas, and Automotive Industries Worldwide.
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Rising Infrastructure Development Projects and Expansion of Energy Pipelines are Boosting the Adoption of Both Seamless and Welded Steel Tubes.
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Technological Advancements in Manufacturing Processes and Corrosion-Resistant Coatings are Enhancing Product Performance and Durability.
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The Growing Focus on Renewable Energy Applications Such as Wind Turbine Structures and Solar Power Plants is Opening New Avenues for Steel Tube Usage.
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Fluctuations in Raw Material Prices and Rising Preference for Lightweight Composite Alternatives Pose Challenges to Market Stability.
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Increasing Investment in Oil and Gas Exploration and Water Transportation Networks is Strengthening Demand in Emerging Economies.
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Major Players such as Tata Steel, Nippon Steel Corporation, Tenaris S.A., and Jindal Saw Ltd. are Expanding Their Footprint Through Capacity Expansion and Strategic Mergers.
Steel Tubes Market Recent Developments
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In March 2024, ArcelorMittal acquired a 28.4% stake in Vallourec to strengthen its tubular business.
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In July 2022, Tenaris S.A. acquired Benteler Steel & Tube Manufacturing Corporation expanding its seamless steel pipe operations.
Steel Tubes Market Segment Analysis
In this report, the Steel Tubes Market has been segmented by Product Type, Application, Material, Production Process and Geography.
Steel Tubes Market, Segmentation by Product Type
The Product Type segmentation differentiates demand patterns by manufacturing route and end-use fitness, shaping procurement, pricing, and qualification cycles. Buyers evaluate attributes such as strength-to-weight ratios, weld integrity, pressure ratings, and surface finish to align with safety codes and lifecycle cost targets. Vendors focus on capacity balancing, quality certifications, and regional availability to win contracts across cyclical sectors like oil & gas and construction while supporting stable automotive and machinery runs.
Seamless Steel Tubes
Seamless products are preferred where pressure containment, fatigue resistance, and defect-free bore are critical, including downhole strings, heat exchangers, and hydraulics. Mills differentiate with piercing and rolling precision, tight dimensional tolerances, and alloy know-how for sour or high-temperature service. Strategic priorities include investment in premium grades, closer collaboration with energy and process OEMs, and expanding inspection and NDT to meet stringent project specifications.
Welded Steel Tubes
Welded tubes enable cost-effective supply for structural, automotive, and general engineering use, benefiting from high yields and flexible coil sourcing. Producers compete on ERW/SAW process control, weld seam integrity, and coating/galvanizing options that accelerate fabrication and installation. Growth strategies emphasize automation for throughput, value-added finishing (cut-to-length, laser cutting), and regional service centers that compress lead times for project sites.
Others
This bucket covers specialized formats and niche product lines serving custom specifications and short-run applications. Suppliers position with engineering support, rapid prototyping, and mixed-lot logistics to satisfy unique dimensions, coatings, or small-batch certification needs. The outlook depends on bespoke project activity, with vendors leveraging partnerships across fabricators and EPCs to secure repeat orders.
Steel Tubes Market, Segmentation by Application
Applications define performance envelopes and qualification hurdles, from vehicular safety components to critical energy infrastructure. Purchasing is driven by standards compliance (e.g., automotive, construction codes), total installed cost, and reliability in service. Suppliers that align product portfolios with downstream fabrication methods and offer technical documentation and traceability typically gain share.
Automotive
Automotive demand emphasizes light-weighting, crash performance, and formability for chassis, exhaust, and precision assemblies. Preferred partners provide tight OD/ID control, advanced coatings for corrosion resistance, and consistent weldability for robotic lines. Growth comes from platform localization, EV thermal systems, and just-in-time delivery with PPAP documentation.
Construction
Construction uses tubes for structural frames, scaffolding, and architectural elements, where cost, availability, and code compliance are pivotal. Producers win on high throughput ERW capacity, galvanized finishes, and cut-to-size services that reduce site waste. Urbanization and infrastructure programs support consistent offtake, with contractors valuing predictable lead times and certified test reports.
Oil & Gas
Oil & Gas favors tubes engineered for high pressures, corrosive media, and elevated temperatures, spanning OCTG, flowlines, and processing equipment. Vendors differentiate via metallurgy, NDT regimes, and project execution support covering QA/QC and logistics. Outlook hinges on upstream and midstream capex cycles, with opportunities in premium connections and enhanced integrity management.
Industrial Machinery
Machinery builders require precision tubes for cylinders, bearings, and frameworks where machinability and surface quality cut production time. Suppliers that offer honed/ID-finished options, tight tolerance classes, and small-batch flexibility capture recurring demand. Partnerships with OEMs on design-to-value and inventory programs strengthen resilience through cycles.
Others
Additional uses span HVAC, furniture, and specialized equipment, each with specific gauge, coating, and aesthetic needs. Competitive advantages include SKU breadth, fast customization, and integration with downstream fabricators. Steady refurbishment and replacement cycles underpin volumes despite macro swings.
Steel Tubes Market, Segmentation by Material
Material choice balances mechanical properties, corrosion performance, and cost efficiency. Buyers consider total lifecycle value, including maintenance intervals, compatibility with media, and weld/fab productivity. Producers position portfolios across carbon, stainless, and alloyed grades to meet differentiated specification sheets in industrial, construction, and mobility domains.
Carbon Steel
Carbon steel offers strong cost-performance for structural and general engineering applications. Mills focus on consistent chemistry, formability, and protective coatings that extend service life. Market development targets infrastructure and fabrication networks that value dependable availability and predictable mechanicals.
Stainless Steel
Stainless grades address environments requiring corrosion resistance, cleanability, and temperature stability, such as process, food, and fluid handling. Suppliers win with grade diversity (austenitic, ferritic, duplex), polished finishes, and documentation to satisfy hygienic and pressure codes. Collaboration with process designers and EPCs supports specification pull-through.
Alloy Steel
Alloy steel serves high-stress and thermal applications, balancing toughness and creep resistance for energy and heavy equipment. Producers emphasize heat-treatment control, traceability, and testing to certify demanding grades. Growth levers include advanced metallurgy and closer integration with OEM qualification programs.
Others
This segment includes specialized chemistries and coatings tailored to niche performance or regulatory needs. Value creation comes from applications engineering, small-batch agility, and co-development with fabricators to solve unique challenges. Suppliers often pair custom finishing with rapid documentation to accelerate approvals.
Steel Tubes Market, Segmentation by Production Process
Production processes influence dimensional control, mechanical properties, and cost structure, shaping suitability for specific applications. Buyers match process routes to requirements for surface quality, tight tolerances, and forming behavior. Producers invest in automation, inline inspection, and energy efficiency to raise yields and reliability.
Hot Rolling
Hot-rolled tubes provide robust mechanical performance with efficient throughput, supporting structural and heavy-duty uses. Competitive focus lies in temperature control, descaling, and straightness to minimize downstream rework. Capacity alignment with construction and machinery cycles helps stabilize utilization.
Cold Rolling
Cold-rolled tubes deliver superior tolerances and surface finish, enabling precision assemblies in automotive and industrial hydraulics. Producers differentiate via multi-stage reductions, cleanliness, and defect inspection that supports high-speed fabrication. Demand benefits from trends toward precision components and lower NVH requirements.
Extrusion
Extruded tubes suit thick-wall or complex-profile needs, combining form freedom with tailored properties. Suppliers compete on die design expertise, alloy flexibility, and short-run efficiency for specialty projects. Collaboration with engineers in energy and process industries often secures higher-margin orders.
Others
Other routes cover specialized or hybrid processes optimized for unique geometries or throughput goals. Value arises from custom setups, inline finishing, and integration with quality assurance tailored to project standards. Vendors leverage flexible scheduling to accommodate mixed product portfolios.
Steel Tubes Market, Segmentation by Geography
In this report, the Steel Tubes Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North American demand is supported by infrastructure refurbishment, energy projects, and localized automotive production. Buyers prioritize certified quality, reliable lead times, and compliance with regional codes. Suppliers invest in service centers, coating lines, and technical support to capture project-based opportunities.
Europe
Europe emphasizes standards adherence, low-emission processes, and advanced engineering applications. Competitive positioning centers on premium grades, traceability, and partnerships with industrial machinery and construction ecosystems. Supply strategies include energy-efficient mills and near-market distribution to manage volatility.
Asia Pacific
Asia Pacific is driven by urbanization, manufacturing scale, and expanding infrastructure, with broad adoption across construction and machinery. Producers leverage cost-competitive capacity, export channels, and portfolio breadth. Investment in automation and quality upgrades supports movement into higher-spec applications.
Middle East & Africa
MEA demand correlates with energy investments, industrial diversification, and infrastructure development. Buyers seek suppliers with project execution capability, including documentation and NDT for critical services. Regional strategies stress on-time delivery, corrosion-resistant options, and partnerships with EPC contractors.
Latin America
Latin America’s consumption reflects construction activity, automotive localization, and selective oil & gas projects. Distributors and mills compete on availability, value-added processing, and technical support that reduces fabrication overheads. Gradual modernization of industrial bases encourages adoption of higher-spec materials and improved quality management.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Steel Tubes Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Increasing Demand for Steel Tubes in Construction and Infrastructure Projects
- Rising Demand from the Automotive Industry for Lightweight and Durable Tubes
- Expansion of the Energy Sector, Including Oil, Gas, and Renewable Energy Projects
- Technological Advancements in Steel Tube Manufacturing and Coating Techniques
- Growing Urbanization and Industrialization in Emerging Economies:
Growing urbanization and industrialization in emerging economies is a key driver for the global steel tubes market, as these regions experience rapid infrastructure development and industrial growth. As more people migrate to urban centers, the demand for residential, commercial, and industrial buildings increases, creating a significant need for steel tubes in construction. Steel tubes are used in a variety of applications, from structural components in buildings and bridges to plumbing and electrical systems. The ongoing urbanization in regions such as Asia-Pacific, Latin America, and parts of Africa is fueling the need for durable, cost-effective, and versatile materials like steel tubes, further expanding the market.
In addition to the construction sector, the rise in industrialization across emerging economies is also driving the demand for steel tubes. Industries such as automotive, manufacturing, and energy require steel tubes for various applications, including automotive frames, machinery components, pipelines for oil and gas transportation, and water distribution systems. As these industries scale up to meet increasing demand, particularly in countries like China, India, and Brazil, the need for high-quality steel tubes continues to grow. This industrial expansion, paired with technological advancements in manufacturing, also presents opportunities for the production of more specialized and high-performance steel tubes to meet the unique demands of different sectors.
Moreover, the rapid urbanization and industrialization are leading to significant investments in infrastructure projects, further boosting the demand for steel tubes. Governments and private sectors in emerging economies are investing heavily in transportation networks, energy infrastructure, and urban development to support economic growth. These large-scale projects require a substantial amount of steel tubes for applications such as water and sewage systems, telecommunications, and power transmission. As the middle class expands in these regions, there is also a growing demand for better living standards, which in turn increases the need for modern infrastructure and utilities, further propelling the market for steel tubes in these economies.
Restraints
- Fluctuating Raw Material Prices and Steel Costs
- Competition from Alternative Materials, Such as Plastic and Composite Tubes
- Environmental Concerns and Regulatory Challenges in Steel Production
- Volatile Global Trade Conditions and Tariffs Impacting the Steel Supply Chain
- Limited Availability of Skilled Labor for High-Tech Manufacturing Processes:
The limited availability of skilled labor for high-tech manufacturing processes is a significant restraint for the global steel tubes market. As the demand for advanced steel tubes, particularly those with specialized coatings or unique mechanical properties, increases, the complexity of the manufacturing process also rises. Modern steel tube production often involves sophisticated technologies such as automated manufacturing systems, 3D printing, and advanced coating techniques to ensure high quality and precision. However, these advanced processes require a skilled workforce proficient in using and maintaining high-tech machinery, conducting quality control, and interpreting data from automated systems. The lack of adequately trained workers in some regions, particularly in emerging economies, can result in production delays, increased operational costs, and reduced efficiency.
The skills gap in manufacturing, particularly for industries like steel production, is exacerbated by the rapid pace of technological innovation. Many workers may not possess the required knowledge of cutting-edge technologies or the ability to troubleshoot complex systems. This shortage of specialized talent hampers the ability of steel tube manufacturers to fully leverage advancements in automation and digitalization, which could otherwise improve production efficiency, product customization, and consistency. As a result, manufacturers may face challenges in meeting the increasing demand for high-quality steel tubes, particularly for sectors such as automotive, aerospace, and energy, where precision and reliability are critical.
To address this challenge, companies in the steel tube industry are investing in training programs and collaborations with educational institutions to build a more skilled workforce. Additionally, some manufacturers are turning to automated solutions to mitigate the impact of labor shortages by reducing reliance on manual labor. However, while automation can improve productivity, it also requires workers to possess technical knowledge to operate and maintain these systems effectively. As the steel tubes market continues to evolve and demand more specialized products, closing the skills gap will be crucial for manufacturers to stay competitive and meet the growing need for advanced steel tube applications.
Opportunities
- Development of Advanced Corrosion-Resistant Steel Tubes for Harsh Environments
- Rising Investment in Renewable Energy Projects Driving Demand for Specialized Tubes
- Adoption of Automation and Additive Manufacturing Technologies in Production
- Growing Demand for Customized and High-Performance Steel Tubes
- Expansion of Steel Tube Applications in Emerging Markets and Infrastructure Development:
The expansion of steel tube applications in emerging markets is playing a crucial role in the growth of the global steel tubes market. As countries in regions like Asia-Pacific, Latin America, and Africa experience rapid urbanization and industrialization, the demand for steel tubes in infrastructure development has soared. Steel tubes are widely used in the construction of residential and commercial buildings, bridges, transportation networks, and energy infrastructure. In emerging economies, governments and private enterprises are investing heavily in infrastructure projects to support growing populations, economic development, and industrial growth. This creates a significant demand for steel tubes, particularly in applications such as structural components, plumbing, electrical systems, and HVAC systems.
In addition to traditional infrastructure, there is an increasing need for steel tubes in sectors like energy and utilities in emerging markets. As these regions strive to meet energy demands and improve their energy infrastructure, steel tubes are essential for the construction of pipelines for oil, gas, and water distribution. The expansion of renewable energy projects, such as wind farms and solar plants, is also driving the demand for steel tubes that are capable of withstanding harsh environmental conditions. With emerging economies shifting towards more sustainable energy sources, the need for high-performance, durable steel tubes that can endure extreme pressures and corrosive environments is growing, creating new market opportunities for manufacturers.
Furthermore, the growing middle class and rising standards of living in emerging markets are contributing to the demand for better infrastructure and consumer goods. Steel tubes are increasingly used in sectors such as automotive, telecommunications, and manufacturing, where their versatility and strength make them ideal for various applications. As these economies continue to expand, the need for reliable, high-quality steel tubes in manufacturing processes and transportation systems will continue to grow. This expansion of steel tube applications in emerging markets not only provides opportunities for manufacturers but also contributes to the broader development of infrastructure and industrial sectors, laying the foundation for long-term market growth.
Steel Tubes Market Competitive Landscape Analysis
Steel Tubes Market is witnessing increasing competitiveness as major producers expand capacities and emerging players strengthen regional supply chains. Around 54% of the market is dominated by large manufacturers with integrated operations, while 46% is driven by smaller firms adopting strategies centered on innovation, targeted partnerships, and continuous expansion to ensure sustainable growth.
Market Structure and Concentration
Nearly 57% of the market share is consolidated among leading corporations, leveraging economies of scale and vertical integration. The remaining 43% is distributed among regional producers. Larger players employ merger and collaboration initiatives to secure dominance, while smaller firms adopt agile strategies and niche innovation to enhance competitiveness and achieve incremental growth.
Brand and Channel Strategies
About 59% of companies follow multi-channel strategies, combining direct sales to industrial clients with distribution through trade networks. Strong branding efforts emphasize quality assurance, reliability, and industry standards. Strategic partnerships with construction, automotive, and energy sectors drive market expansion, ensuring consistent growth across multiple applications.
Innovation Drivers and Technological Advancements
Close to 63% of producers focus on technological advancements including automated production lines, advanced alloy development, and sustainable manufacturing practices. Continuous innovation in product durability and corrosion resistance strengthens market appeal. Collaborative R&D partnerships and digital strategies drive operational efficiency, reinforcing competitive growth within the sector.
Regional Momentum and Expansion
Asia-Pacific accounts for nearly 44% of demand, supported by infrastructure and industrial expansion. Europe contributes about 38%, emphasizing regulatory compliance and sustainable innovation. North America represents 36%, driven by construction partnerships and energy-sector strategies that sustain steady growth and regional competitiveness in steel tube applications.
Future Outlook
The future outlook suggests that around 70% of companies plan capacity expansion with advanced materials and eco-friendly processes. Long-term growth will be driven by technology-led innovation, cross-industry collaboration, and adaptive strategies. Market expansion is expected to accelerate as steel tubes remain integral to construction, energy, and manufacturing industries.
Key players in Steel Tubes Market include :
- ArcelorMittal
- NSSMC
- POSCO
- Shanghai Baosteel Group (Baosteel)
- Tata Steel
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product Type
- Market Snapshot, By Application
- Market Snapshot, By Material
- Market Snapshot, By Production Process
- Market Snapshot, By Region
- Steel Tubes Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Increasing Demand for Steel Tubes in Construction and Infrastructure Projects
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Rising Demand from the Automotive Industry for Lightweight and Durable Tubes
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Expansion of the Energy Sector, Including Oil, Gas, and Renewable Energy Projects
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Technological Advancements in Steel Tube Manufacturing and Coating Techniques
-
Growing Urbanization and Industrialization in Emerging Economies
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- Restraints
- Fluctuating Raw Material Prices and Steel Costs
- Competition from Alternative Materials, Such as Plastic and Composite Tubes
- Environmental Concerns and Regulatory Challenges in Steel Production
- Volatile Global Trade Conditions and Tariffs Impacting the Steel Supply Chain
- Limited Availability of Skilled Labor for High-Tech Manufacturing Processes
- Opportunities
- Development of Advanced Corrosion-Resistant Steel Tubes for Harsh Environments
- Rising Investment in Renewable Energy Projects Driving Demand for Specialized Tubes
- Adoption of Automation and Additive Manufacturing Technologies in Production
- Growing Demand for Customized and High-Performance Steel Tubes
- Expansion of Steel Tube Applications in Emerging Markets and Infrastructure Development
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Steel Tubes Market, By Product Type, 2021 - 2031 (USD Million)
- Seamless Steel Tubes
- Welded Steel Tubes
- Others
- Steel Tubes Market, By Application, 2021 - 2031 (USD Million)
- Automotive
- Construction
- Oil & Gas
- Industrial Machinery
- Others
- Steel Tubes Market, By Material, 2021 - 2031 (USD Million)
- Carbon Steel
- Stainless Steel
- Alloy Steel
- Others
- Steel Tubes Market, By Production Process, 2021 - 2031 (USD Million)
- Hot Rolling
- Cold Rolling
- Extrusion
- Others
- Steel Tubes Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Steel Tubes Market, By Product Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- ArcelorMittal
- NSSMC
- POSCO
- Shanghai Baosteel Group (Baosteel)
- Tata Steel
- Company Profiles
- Analyst Views
- Future Outlook of the Market

