Market Overview

The Italy steel market size reached USD 22.41 Billion in 2024 and is projected to grow to USD 33.08 Billion by 2033, reflecting significant expansion. The market is forecasted over the period 2025-2033 with a compound annual growth rate (CAGR) of 3.97%. Growth is propelled by recovering industrial and automotive sectors, increasing infrastructure investments, sustainability regulations promoting green steel, technological modernization, energy efficiency initiatives, and foreign investments revitalizing steelworks. These factors collectively enhance Italy's steel market share and competitiveness. 

How AI is Reshaping the Future of Italy Steel Market:

• AI-driven predictive analytics are enhancing supply chain optimization, minimizing raw material cost fluctuations and improving procurement strategy development.
• Government-backed initiatives, such as the strategic re-launch of green steel production in Piombino, benefit from AI in process automation for sustainable manufacturing.
• Advanced AI models support operational risk analysis and performance improvement, leading to increased steel production efficiency, evidenced by a 8.9% month-on-month production rise in May 2025.
• AI-powered market intelligence tools enable competitive price benchmarking and monthly/quarterly price trend analysis, assisting companies in agile pricing and procurement decisions.
• AI applications in consumer insights and behavior research via surveys and focus groups optimize product concept testing and brand perception in the steel industry.
• Collaborative AI platforms facilitate project execution, site management, and compliance monitoring, accelerating adaptation to sustainability regulations and technological modernization.

Grab a sample PDF of this report: https://www.imarcgroup.com/italy-steel-market/requestsample

Market Growth Factors

Infrastructure investment drives Italy's steel market by underpinning a rebound in construction demand. Italy increased steel production by 8.9% month-on-month in May 2025, reaching 1.96 million tons, while year-on-year production grew by 3.7%. Flat products production rose 9% year-on-year to 824,000 tons and long products grew by 1.8% to 1.2 million tons. Renovation of transport networks, expansion of renewable energy facilities, and modernization of public utilities rely heavily on steel, especially specialized structural steel for earthquake-resistant and energy-efficient buildings. Public and private sectors benefit from regulatory incentives targeting sustainability and resilience, making infrastructure a key growth sector encouraging further production investment.

The green steel transition and decarbonization efforts substantially influence the market, with Italy advancing toward greener production technologies. The strategic agreement in May 2025 involving the government, local authorities, and private partners aims to establish a low-emission steel plant in Piombino. This initiative is part of Italy’s national green steel plan and aligns with European Union climate goals, promoting renewable energy utilization and increased recycled material use. The shift to cleaner manufacturing models, backed by policy and funding such as a €1 Billion public investment for a direct reduction plant in Taranto, reflects growing buyer preference for low-emission steel, reshaping production and supply chains.

Foreign investment and technological modernization foster resilience in Italy’s steel sector. Key investments aim to revamp main plants, including the multi-billion euro bids for Acciaierie d'Italia which encompasses payment for assets and substantial capital to upgrade facilities. Technological upgrades and energy-efficient initiatives improve competitiveness while meeting strict sustainability standards. The partnership between industry players like Metinvest, Danieli, and JSW Italy exemplifies collaborative efforts to enhance capacity and innovation. These developments, supported by coherent regulatory frameworks and funding, position Italy’s steel market to thrive amid evolving industrial demands.

Market Segmentation

Type Insights:

• Flat Steel
• Long Steel

Product Insights:

• Structural Steel
• Prestressing Steel
• Bright Steel
• Welding Wire and Rod
• Iron Steel Wire
• Ropes
• Braids

Application Insights:

• Building and Construction
• Electrical Appliances
• Metal Products
• Automotive
• Transportation
• Mechanical Equipment
• Domestic Appliances

Regional Insights:

• Northwest
• Northeast
• Central
• South
• Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Recent Development & News

• February 2025: Jindal Steel & Power Ltd. raised its bid for the Italian steelmaker Acciaierie d'Italia to approximately €4 Billion ($4.2 Billion), including €1 Billion for assets and €3 Billion for plant revamping in Taranto. The Italian government is set to decide among Jindal, Bedrock Industries, and Baku Steel Co., signaling strong foreign investment interest.
• October 2024: Italy’s Ilva in Extraordinary Administration, Acciaierie d'Italia, and DRI D’Italia signed a Memorandum of Understanding to establish a 2.5 million tons/year direct reduction plant in Taranto. The project supports decarbonization with €1 Billion public funding, marking a significant stride toward greener steel production.
• May 2025: Italy finalized a strategic partnership to relaunch green steel production at Piombino, with collaboration among the Italian government, local authorities, Metinvest, Danieli, and JSW Italy. This initiative aims to build a low-emission steel plant, making Piombino a European hub for sustainable steel manufacturing.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us

IMARC Group,

134 N 4th St. Brooklyn, NY 11249, USA,

Email: sales@imarcgroup.com,

Tel No: (D) +91 120 433 0800,

United States: +1-201971-6302