Crude steel is the term used for the first solid steel product upon solidification of liquid steel. It is normally processed into finished steel either by rolling or by forging processes. The crude steel industry produces blooms, billets, slabs or plates that are transformed through mechanical processes into rails, structural elements, bars, sheets or wires. The global Crude Steel Market size is projected to grow by 4.7 billion tons from 2023 to 2029, registering a CAGR of 3.8 percent, according to a new report by Our Research.