Steel Manufacturing Market Growth Analysis 2019 - 2025

Steel is the main engineering material used in industries such as Construction, Automotive, Transport, Power, Mechanical Machinery, Metal Goods, and Domestic Appliances. It is also the main material utilized in delivering renewable energy such as solar, tidal, and wind power. Steel is composed of iron, carbon, impurities, and alloying elements, the combination of which determines the properties of the steel.

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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.
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 global Steel Manufacturing market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Steel Manufacturing volume and value at global level, regional level and company level. From a global perspective, this report represents overall Steel Manufacturing market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered: 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, Wuhan Iron & Steel (Group) Corp

Segment by Regions: North America, Europe, China, Japan

Segment by Type: Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel

Segment by Application: Construction, Automotive, Transport, Power, Mechanical Machinery, Metal Goods, Domestic Appliances

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This release was published on openPR.