Global Steel Manufacturing Market by Manufacturers, Countries, Type and Application, Forecast to 2023

This report focuses on the Steel Manufacturing in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

One of the major trends in this market is growth in the Renewable Energy industry, which will require steel to develop infrastructure. This will strengthen the demand for steel in the coming years. Steel will play a major role in developing infrastructure for the generation of power from renewable energy sources such as wind, solar, and tidal. The usage of steel will enable taller, stronger, and lighter-weight towers for wind turbines, increasing their efficiency and reducing carbon emissions associated with their construction.

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One of the major drivers in this market is growth in emerging economies. Over the last few years, growth of developed markets such as the US, the EU, and Japan stagnated. This resulted in weak demand for steel products. However, growth in emerging economies such as China, India, and Brazil has countered this effect with their increased infrastructure and construction investment.

The worldwide market for Steel Manufacturing is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017, according to a new study.

The global steel manufacturing market segment by manufacturers, this report covers Arcelor Mittal, Baoshan Iron & Steel, Hebei Iron & Steel Group, Nippon Steel & Sumitomo Metal, Anshan Iron and Steel Group, EVRAZ, Gerdau, Hyundai Steel, JFE Steel Corp, Maanshan Iron & Steel, Nucor Corp, POSCO, RIVA Group, Shagang Group, Shandong Iron and Steel Group, Shougang Group Corp, Tata Steel Group, United States Steel Corp and Wuhan Iron & Steel (Group) Corp.

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The worldwide market segment by type, covers Carbon Steel, Alloy Steel, Stainless Steel and Tool Steel. Also, the market segment by applications, can be divided into Construction, Automotive, Transport, Power, Mechanical Machinery, Metal Goods and Domestic Appliances.

Related Report:

Global High Strength Steel Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

The worldwide market for High Strength Steel is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017, according to a new study.

Asia-Pacific is the largest and fastest-growing region in the global high strength steels market. Rapid industrialization and infrastructure development offer lucrative growth opportunities to players operating in the high strength steels market. The increasing middle class population, which has led to urbanization and rise in the manufacturing sector, drives the demand of high strength steels in this region. The Asia-Pacific high strength steels market is expected to grow at the highest CAGR between 2016 and 2021. Economic growth in countries such as China, India, and Japan are further propelling the growth of the high strength steels market in the Asia-Pacific region.

Some of the key players operating in the global high strength steel market include Arcelor Mittal (Luxembourg), SSAB, POSCO, United States Steel Corporation (U.S.), Voestalpine AG, ThyssenKrupp AG, Baosteel, Ansteel, among others.

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Posted by on Friday October 12 2018, 6:21 AM EDT. All trademarks acknowledged. Filed under Featured Press Release, Metallurgical, Metals & Minerals. Comments and Trackbacks are open. Follow responses: RSS 2.0

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