The global steel processing market size reached USD 492.6 billion in 2022. Projected growth indicates an increase from USD 502.4 billion in 2023 to USD 588.8 billion by 2032, with a compound annual growth rate (CAGR) of 2.10% during the forecast period (2023 - 2032). Key drivers for this growth include the expanded use of steel in construction and automotive industries, as well as technological advancements.
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