Steel is an alloy of iron and carbon and other elements. Because of its high tensile strength and low cost, it is a major component used in buildings, infrastructure, tools, ships, automobiles, machines, appliances, and weapons.
One of the latest trends gaining grounds in this market is the rise of the renewable energy industry. Steel plays a crucial role in developing infrastructure for the generation of electricity from renewable energy such as solar, tidal, and wind energy. The use of steel in developing the infrastructure will enable the construction of stronger, taller, and lighter-weight tower for wind turbines, which will increase their productivity as well as reduce carbon emissions associated with their construction. With the wind and solar energy sector registering high growth rates, the demand for steel will increase considerably in the coming years.
China has witnessed brisk demand growth in the recent past. This growth has encouraged several industry participants to increase their production capacity in a bid to meet the demand. However, such rapid growth in production capacities has resulted in chronic overcapacity which has driven down prices. Any impact in the Chinese market cascades across the global market as China is the largest consumer and producer of steel.
The global Steel market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Steel volume and value at global level, regional level and company level. From a global perspective, this report represents overall Steel market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of Steel in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their Steel manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
SAIL
JSW Steel
Tata Steel
Essar Steel
RINL
...
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Segment by Type
Flat Products
Long Products
Segment by Application
Construction
Infrastructure and Transport
Automotive
Summary:
Get latest Market Research Reports on Steel. Industry analysis & Market Report on Steel is a syndicated market report, published as Global Steel Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of Steel market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.