North America Automotive Steel Market – By Steel Type , By Form , By Manufacturing , By Coating , By Vehicle Type , By Application , By Country - Opportunity Analysis & Industry Forecast, 2025-2031

North America Automotive Steel Market Overview:

The North America Automotive Steel Market size is estimated to reach $31.8 Billion by 2031, growing at a CAGR of 3.1% during the forecast period 2025-2031. The North America Automotive Steel market is experiencing robust growth due to increased adoption of stainless steel for lightweight and high-strength vehicle components. Additionally, regulatory mandates for North American-produced steel in vehicle components, growing demand for corrosion-resistant and durable materials, growth in production of vehicles and the government incentives for local production are driving material choice are driving the growth of the market significantly. 

The increase in production of premium non-grain-oriented electrical steel (NOES) is a major trend which is driving the growth of the market significantly. The increasing adoption of electric vehicles (EVs) and hybrid electric vehicles (HEVs) has driven demand for NOES, which is used in electric motor cores to improve efficiency and performance. For instance, in February 2025, ArcelorMittal announced plans to build an advanced steel manufacturing facility in Calvert, Alabama, to meet growing demand from the U.S. automotive sector. The plant will produce up to 150 kilotons of premium non-grain-oriented electrical steel (NOES) annually, primarily for larger vehicles, full-size pickups, and SUVs. Additionally, innovations in coatings and surface treatments are enhancing the durability and corrosion resistance of automotive steel, thus extending vehicle lifespan. 

North America Automotive Steel Market - Report Coverage:

The “North America Automotive Steel Market Report - Forecast (2025-2031)” by IndustryARC, covers an in-depth analysis of the following segments in the North America Automotive Steel Market.

Key Takeaways: 

U.S. Leads the Market  

U.S. occupied the largest share in the market in 2024. The rise in demand for automotive steel is driving the growth of the market in this region. For instance, according to data from International Council on Clean Transportation, in 2023, an estimated 3.9 million tonnes (Mt) of steel were used for light-duty vehicle body-in-white (BiW) production in the United States, sourced primarily from domestic steel mills. General Motors led BiW steel demand, consuming 796 million kg (20%), followed by Stellantis (463M kg), Ford (441M kg), Toyota (438M kg), and Honda (424M kg)—together accounting for 65% of total U.S. BiW steel usage. The remaining automakers, including Tesla and Volkswagen, made up 35% of demand. This data reveals that the demand for steel is increasing in the automotive sector in the U.S. 

Advanced High Strength Steel is the Largest Segment

The advanced high strength steel (AHSS) held the largest market share in 2024. For instance, according to data from American Iron and Steel Institute, steel currently makes up about 54% of the average vehicle. The advanced high-strength steels (AHSS) are strong, lighter, and produced with light life cycle impact, helping automakers decrease a vehicle’s life-long carbon footprint.  This helps auto manufacturers to reduce the mass of vehicles while maintaining safety standards thereby increasing fuel economy and reducing tailpipe emissions. It is also mentioned that, the use of current grades of AHSS can reduce a vehicle’s structural weight by as much as 25% and can cut total life cycle CO2 emissions by up to 15% more than any other automotive material. Such factors are driving the growth of the advanced high strength steel in the North America Automotive Steel market.   

Passenger Vehicles are the Largest Segment

Passenger vehicles held a major market share in 2024. The rise in domestic production of vehicles is driving the growth of the market. For instance, according to data from MarkLines, the number of new vehicles sold in the U.S. in December 2024, (preliminary figures including estimates for GM/Stellantis/Tesla, etc.) was 1,494,776 unit, up 2.0% from the December 2024. Full-year sales were up by 2.3% yoy to 15,976,559 units.  Additionally, in February 2025, U.S. President Trump announced plans to impose 25% tariffs on imported automobiles to boost domestic manufacturing. The tariffs, expected to take effect as early as April 2, would particularly impact foreign automakers, thereby favoring domestic manufacturers. This surge in domestic manufacturing would directly increase the demand for domestic automotive steel. 

Growth in Production of Automotive Steel Drives the Market 

Growth in production of automotive steel is driving the market significantly. Mexico’s success in expanding auto production, in turn, has led Mexico’s steel industry to invest $5.61 billion in expanding steel capacity from 2023 to 2025, according to Mexico’s National Chamber of the Iron and Steel Industry (Canacero). Hyundai Motor Group is considering building its first overseas steel mill in New Orleans, Louisiana. The $7 billion investment aligns with Hyundai’s expanding EV production in Georgia and aims to mitigate potential tariffs under a second Trump administration. The plant, expected to begin construction in 2026 and complete by 2029, will produce automotive steel sheets for Hyundai and Kia’s U.S. factories. 

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Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the North America Automotive Steel Market. The top 10 companies in this industry are listed below: 

1. Nucor Corporation 
2. Nippon Steel Corporation
3. ArcelorMittal 
4. Cleveland-Cliffs Inc. 
5. Ternium 
6. Voestalpine High Performance Metals LLC 
7. Hyundai Steel America, Inc
8. Tata Steel  
9. JFE Steel Corporation 
10. United States Steel Corporation

Scope of the Report: 

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