Latest Trends In US Steel Market

The steel industry is vital to the economic competitiveness of the United States.

Steel market is expected to escalate during the forecasting period 2023-2030.

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Steel serves as the backbone to automobiles, bridges, buildings, railroads and machinery and is an important component for national defence industry.

US is the third largest steel producer in the world, with nearly 5.4% share in the world crude steel production, as well as one of the leading steel consumers.

US STEEL MARKET SIZE AND FORECAST

The US Steel Market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

US STEEL MARKET IMPACT OF COVID-19

Steel prices were played with three-year lows during much of the second half of 2019 before four rounds of price hikes reversed that trend.

The construction and automotive sectors, the two major buyers in the US steel market, account for almost three-quarters of domestic steel consumption, according to American iron and steel institute (AISI) data.

Construction accounts for 44% of steel shipments, according to AISI.

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From August to September 2020, U.S. imports of steel decreased by 2.6%.

After a peak steel prices in Q3 2018, U.S. domestic prices for hot rolled band increased from $572 per metric ton in June 2020 to around $789 in November and were up to about 39.2% from one year earlier.

COMPANY PROFILE

Nucor (NUE)
US Steel (X)
Steel Dynamics (STLD)
Commercial Metals Company's (CMC)
Cleveland Cliffs

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THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

How many Steel are manufactured per annum in the US? Who are the sub-component suppliers in different regions?

Cost breakup of a US Drone Battery and key vendor selection criteria

Where is Drone Battery manufactured? What is the average margin per unit?

Market share of US Steel Market manufacturers and their upcoming products

Cost advantage for OEMs who manufacture US Drone Battery in-house

key predictions for next 5 years in US Steel Market

Average B-2-B Drone Battery market price in all segments

Latest trends in Drone Battery market, by every
market segment

The market size (both volume and value) of the Drone Battery market in 2023-2030 and every year in between?

Production breakup of Drone Battery market, by suppliers and their OEM relationship.

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This release was published on openPR.