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Iron & Steel Manufacturing in Germany - Market Research Report (2015-2030)

Ashkan Salim Ashkan Salim Frankfurt, Germany Last Updated: March 2025 WZ C24.10DE

Revenue

€49.7bn

2025

€49.7bn

Past 5-Year Growth

Profit

€XXX.Xm

Employees

69,726

Businesses

75

Wages

€X.Xbn

Iron & Steel Manufacturing in Germany industry analysis

The production of pig iron, steel and ferroalloys has traditionally played a central role in German industry, serving a wide range of consumer markets and is of crucial importance to the automotive, mechanical engineering and construction industries. Innovations in chemical composition and the development of new steel grades have significantly increased international competitiveness and adaptability to different industry requirements. Every year, around 100 steel grades are optimised and up to 30 new ones are developed to meet the changing requirements of the industry. Despite challenges such as fluctuating steel prices and the pandemic, the industry has established a robust position in the global market thanks to its focus on innovation. < />Industry turnover has risen by an average of 6.4% per year since 2020 to €49.7 billion, which is due in particular to the high steel prices in 2021 and 2022. In 2025, industry turnover is expected to fall by 3.8%. Among other things, this is due to expensive interest rates, rising costs for building materials and strict building regulations, which are leading to a slowdown in construction activity in Germany. This is having a negative impact on demand for steel. In addition, the industry's weakening production output, cheap imports and rising energy costs are weighing on market conditions. Since 12 March 2025, the USA has imposed special tariffs of 25% on steel imports from the European Union, which is also likely to have a negative impact on the industry's development.In the next five years, industry turnover is expected to fall by an average of 0.8% and reach 47.6 billion euros in 2030. The future of the German steel industry will be characterised by profound change in order to ensure competitiveness in the face of global challenges. The transition to low-carbon production methods, in particular through hydrogen technologies, is of crucial importance. The European Union's Carbon Border Adjustment Mechanism (CBAM) can help to create a level playing field and prevent the relocation of production processes. The increasing use of artificial intelligence promises efficiency gains, particularly in the area of predictive maintenance. It will also be necessary to adapt product lines to the trend towards lightweight construction with innovative steel alloys in order to meet the requirements of modern industries.

Trends and Insights

  • A secure and reasonably priced supply of raw materials is of central importance for steel producers. This means that they are completely dependent on imports for almost all raw materials.
  • Customers of steel bars include the construction industry as well as the mechanical engineering sector. The turnover generated with steel bars has decreased over the last five years.
  • The southern region has the largest proportion of companies in the sector. This is due to historical reasons, as there are extensive iron ore deposits in the Swabian Ostalb, the Franconian Alb and the Upper Palatinate Forest.
  • The intensity of competition in the industry is increasing. Although global demand for steel has increased overall in recent years, German steel producers have hardly been able to benefit from this development due to the market expansion of Asian steel producers.

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  • Market estimates from 2015-2030
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2015-2030)

Industry revenue has grown at a CAGR of 6.4 % over the past five years, to reach an estimated €49.7bn in 2025.

Trends and Insights

Demand for steel suffers from lower construction activity

  • The construction industry is an important customer for manufacturers of pig iron, steel and ferroalloys in Germany. Steel producers manufacture hot-rolled and cold-rolled flat products that are frequently used in construction projects, for example for buildings, bridges and other infrastructure projects.
  • Additional trends and insights available with purchase
Iron & Steel Manufacturing in Germany
Revenue (2015-2030)
IBISWorld Logo Source: IBISWorld

Industry outlook (2025-2030)

Market size is projected to decline over the next five years.

Trends and Insights

The focus on innovation ensures the international competitiveness of industry players

  • Optimising the chemical composition of steel is an important approach in steel production in order to improve product properties. Steel manufacturers use alloying elements such as chromium and manganese to influence certain properties such as hardness, flexibility or corrosion resistance. These adjustments are crucial for the production of quality steels that are tailored to the needs of various industries such as the automotive, construction or mechanical engineering industries.

Biggest companies in the Iron & Steel Manufacturing in Germany

Company
Market Share (%)
2025
Revenue (€m)
2025
Thyssenkrupp Steel Europe AG
9,842.0
ArcelorMittal S. A. (Deutschland)
5,849.0
Salzgitter AG
4,851.0

To view the market share and analysis for all 6 top companies in this industry, view purchase options.

Products & Services Segmentation

Iron & Steel Manufacturing in Germany
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Flat products, Bar steel and Iron and steel blocks. Flat products is the largest segment of the Iron & Steel Manufacturing in Germany.

Trends and Insights

Flat products are widely used in the automotive industry, but the share of sales has declined since 2020

  • The flat products segment includes sheet metal, wide flat steel and strip.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Companies in this sector produce pig iron in liquid or solid form in blast furnaces or electric arc furnaces, convert the pig iron into steel and use it to produce ferroalloys and steel products. They mainly produce hot-rolled and cold-rolled flat products that are further processed by other industries.

What's included in this industry?

Flat productsBar steelIron and steel blocks

Companies

Thyssenkrupp Steel Europe AGArcelorMittal S. A. (Deutschland)Salzgitter AG

Purchase this report to view all 6 major companies in this industry.

Related Terms

BRAMMEELECTRIC STEELKOKSKOHLECORROSIONALLOYINGLIGHTBOW OVENMIRROR TRAVEL

Industry Code

WZ 2008

WZ 24.10 - Iron & Steel Manufacturing in Germany

Performance

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

A secure and reasonably priced supply of raw materials is of central importance for steel producers. This means that they are completely dependent on imports for almost all r...

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 (2015-2024) and forecast (2025-2030)
  • Employees, including historical (2015-2024) and forecast (2025-2030)
  • Businesses, including historical (2015-2024) and forecast (2025-2030)
  • Profit, including historical (2015-2025)
  • 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

Customers of steel bars include the construction industry as well as the mechanical engineering sector. The turnover generated with steel bars has decreased over the last fiv...

In this chapter

  • Products & Services
  • Major Markets
  • International Trade

Key metrics

  • Largest market segment and value in 2025
  • Product innovation level
  • Total imports, level and trend
  • Total exports, level and trend
  • Trade Balance

Charts

  • Products & services segmentation in 2025
  • Major market segmentation in 2025
  • 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

The southern region has the largest proportion of companies in the sector. This is due to historical reasons, as there are extensive iron ore deposits in the Swabian Ostalb, ...

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 2025

Tables

  • Number and share of establishments in each region in 2025
  • Number and share of revenue each region accounts for in 2025
  • Number and share of wages each region accounts for in 2025
  • Number and share of employees in each region in 2025

Detailed analysis

  • Geographic spread of the industry across Europe, 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

The intensity of competition in the industry is increasing. Although global demand for steel has increased overall in recent years, German steel producers have hardly been ab...

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 2020-2025
  • 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

ThyssenKrupp Steel Europe aims to achieve CO2-neutral production by 2045. To this end, the company is involved in various hydrogen projects and is working closely with partne...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2021 through 2025
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2025
  • Overview of Thyssenkrupp Steel Europe AG's performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of ArcelorMittal S. A. (Deutschland)'s performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of Salzgitter AG's performance by revenue, market share and profit margin from 2019 through 2025
  • Overview of revenue, market share and profit margin trend for 3 additional companies

Detailed analysis

  • Description and key data for Thyssenkrupp Steel Europe AG, and factors influencing its performance in the industry
  • Description and key data for ArcelorMittal S. A. (Deutschland), and factors influencing its performance in the industry
  • Description and key data for Salzgitter AG, and factors influencing its performance in the industry
  • Description, key data and performance trends for 3 additional companies

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

The German government is committed to the interests of the industry at international level. For example, it supports free trade agreements that facilitate international trade...

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 (2015-2030) 
  • Assistance historical data and forecast (2015-2030) 

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

The industry's profit margin is heavily influenced by the price development of important raw materials. An increase in these prices has a negative impact on the profit margin...

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 2025
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2015-2030)
  • Revenue per Employee (2015-2030)
  • Revenue per Enterprise (2015-2030)
  • Employees per Establishment (2015-2030)
  • Employees per Enterprise (2015-2030)
  • Average Wage (2015-2030)
  • Wages/Revenue (2015-2030)
  • Establishments per Enterprise (2015-2030)
  • IVA/Revenue (2015-2030)
  • Imports/Demand (2015-2030)
  • Exports/Revenue (2015-2030)

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 (2015-2030)
  • IVA (2015-2030)
  • Establishments (2015-2030)
  • Enterprises (2015-2030)
  • Employment (2015-2030)
  • Exports (2015-2030)
  • Imports (2015-2030)
  • Wages (2015-2030)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Iron & Steel Manufacturing industry in Germany in 2025?

The market size of the Iron & Steel Manufacturing industry in Germany is €49.7bn in 2025.

How many businesses are there in the Iron & Steel Manufacturing in Germany industry in 2025?

There are 75 businesses in the Iron & Steel Manufacturing industry in Germany, which has grown at a CAGR of 0.5 % between 2020 and 2025.

How may import tariffs affect the Iron & Steel Manufacturing industry in Germany?

The Iron & Steel Manufacturing industry in Germany is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.

How may export tariffs affect the Iron & Steel Manufacturing industry in Germany?

The Iron & Steel Manufacturing industry in Germany is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.

Has the Iron & Steel Manufacturing industry in Germany grown or declined over the past 5 years?

The market size of the Iron & Steel Manufacturing industry in Germany has been growing at a CAGR of 6.4 % between 2020 and 2025.

What is the forecast growth of the Iron & Steel Manufacturing industry in Germany over the next 5 years?

Over the next five years, the Iron & Steel Manufacturing industry in Germany is expected to decline.

What are the biggest companies in the Iron & Steel Manufacturing market in Germany?

The biggest companies operating in the Iron & Steel Manufacturing market in Germany are Thyssenkrupp Steel Europe AG, ArcelorMittal S. A. (Deutschland) and Salzgitter AG

What does the Iron & Steel Manufacturing in Germany include?

Flat products and Bar steel are part of the Iron & Steel Manufacturing industry.

Which companies have the highest market share in the Iron & Steel Manufacturing in Germany?

The company holding the most market share in Germany is Thyssenkrupp Steel Europe AG.

How competitive is the Iron & Steel Manufacturing industry in Germany?

The level of competition is high and increasing in the Iron & Steel Manufacturing industry in Germany.

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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 Germany include:

  • German Federal Statistics Office (Destatis)
  • European Statistics Office (Eurostat)
  • United Nations Comtrade

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.