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Overview of Steel Market | The Construction Sector Generates Nearly USD 1.3 Trillion Worth of Infrastructure Every Year Are Positively Impacted On Market Growth

08-22-2021 06:24 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: StraitsResearch

Steel Market

Steel Market

Steel Market 2021:

The report also tracks the latest market restraints, such as driving factors, restraining factors, and industry news like mergers, acquisitions, and investments. It offers market size, market share, growth rate by types, applications, and syndicates both qualitative and measurable methods to make micro and macro forecasts in different regions or countries.

The Steel Market research presents a study by combining primary as well as secondary research. The report gives visions into the key factors concerned with producing and limiting Steel market growth.

China and Japan are the leading exporters of steel. In 2017, they collectively produced 935.7 million metric tons of crude steel, followed by the U.S. at 104.7 million metric tons. China has a ten times higher steel-producing capacity than the U.S. India and Russia produced about 101.4 and 71.3 million metric tons, respectively.

The construction sector generates nearly USD 1.3 trillion worth of infrastructure every year.

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Major Points Covered in this Report:

• Market Overview:
• Key findings
• Introduction
• SWOT Analysis
• Market Size and Trends

Steel Market Segment by Manufacturers includes:

Nucor Corporation, Shougang Group, Hyundai Steel Co., Ltd, ArcelorMittal S.A, Kingspan Group, Jiangsu Shagang Group, POSCO, Shangdong Iron and Steel Group Co., Ltd, Gerdau S.A, Tata Steel, Maanshan Iron and Steel, Hesteel Group, Nippon Steel, Wuhan Iron and Steel Cor, Baosteel Group, Thyssenkrupp Steel Europe AG.

The U.S. and Germany are at the forefront in terms of imports. In 2018, China was the largest producer of steel; however, at present, the coronavirus outbreak has disrupted the country’s steel production.s

Additionally, the report also studies competitive developments, such as mergers and acquisitions, new businesses, new contracts, and new product developments in the global Steel industries. The past trends and future predictions included in this report make it highly understandable for the analysis of the market. Moreover, the latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Steel markets have also been included in the study.

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Market Segmentation:

By Type: Carbon steel, Alloy steel, Stainless steel, Tool steel

By Application: Industrial structures, Building and infrastructure, Automotive, Electrical appliance, Tools and machinery

This Report Focuses on Steel in the Global Steel Market, Especially In:

• North America (USA, Canada, and Mexico)
• Europe (Germany, France, UK, Russia, and Italy)
• Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
• South America, Middle East, and Africa.

Regional Market Analysis:

• Industry Overview
• Company Profiles
• Synopsis
• Market Research

Key Questions Talked by the Report:

• What is the current size of the overall Steel Market?
• To what extent did Covid-19 impact Steel Market in 2021?
• What are the main drivers and restraints in the Steel Market?
• How is the Steel Market anticipated to evolve during the forecast period 2021 – 2029?

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Latest Reports:

Microalloyed Steel Market: Information by Category (Weathering Steel, Micro-Alloyed Ferrite Pearlite Steel), Process (Hot Rolled), Application (Construction), and Region — Forecast till 2029 | Straits Research

Metal Barrels Market: Information by Capacity, Material Type (Stainless Steel, Cold Rolled Steel), End-Use Industry (Food and Beverage), and Region — Forecast till 2029 | Straits Research

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