Press release
Steel Processing Market 2019-2022 | Global Key Players; Steel Authority of India Limited, ThyssenKrupp AG, Jiangsu Shagang Group Company Limited, Severstal PAO, Hebei Iron & Steel Co Ltd, Hyundai Steel Co., Bridon International Ltd, Kobe Steel, Ltd., Maan
Market Scenario:Global steel processing is generally classified into two types that is primary and secondary steel making. Primary steel processing converts liquid iron from a blast furnace or steel scrap into steel. This can be done using melting the scrap steel in electric arc furnace. Secondary steel processing includes the refining of crude steel and different operation. Steel can be processed using the combination of iron, alloy and carbon melting together in proportionate basis. Steel can also be processed through hot rolled and cold rolled method. The steel processing market is expected to reach USD 600 Billion by 2022 at a CAGR of approximately 2%.
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Based on steel type, carbon steel is expected to grow during the forecast period because it is harder than alloy steel and is widely used in construction industries. Based on the application, construction segment is expected to dominate the global steel processing market during the forecast period. Asia-Pacific is expected to have largest market share in the forecast period.
Study Objectives of Steel Processing Market:
To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the Global Steel Processing Market
To provide insights about factors affecting the market growth
To Analyse the Global Steel Processing Market based on various factors such as supply chain analysis, and Porter’s five force analysis
To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segments by steel type, by application and by Region
To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Steel Processing Market.
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Steel Authority of India Limited
ThyssenKrupp AG
Jiangsu Shagang Group Company Limited
Severstal PAO
Hebei Iron & Steel Co Ltd
Hyundai Steel Co.
Bridon International Ltd
Kobe Steel, Ltd.
Maanshan Iron & Steel Company Limited
Tata Steel Ltd.
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Intended Audience:
Coating equipment manufacturers
Distributer & Supplier companies
End Users
consultants and Investment bankers
Government as well as Independent Regulatory Authorities
Asia-Pacific accounts for the highest market share
Asia-Pacific is expected to witness growth in the forecast period because most of the leading processing providers are mainly focusing on the emerging nations like Asia-Pacific. Also rapid industrial development in this region augments the market growth. North America is expected to grow at a steady rate in the forecast period. European nations have set up their plants in Asia-Pacific region due to low production cost and cheap labor.
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