Steel Processing Market 2017 - Severstal PAO, Hebei Iron & Steel Co Ltd, Hyundai Steel Co.

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%.

On the basis of 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.

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Regional Analysis of Steel Processing Market:
Asia-Pacific region is expected to dominate the steel processing market during 2016-2022. This is because the leading steel processing providers are mainly focusing on emerging countries due to their potential in industrial development in future. The demand for steel is growing in the North America region. Due to low production cost and cheap labor, European countries have set up their plants in Asia-Pacific region.

Key Players:
The key players in Global Steel Processing market are 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, and Tata Steel Ltd.

Scope of the Report:
This study provides an overview of the Global Steel Processing Market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Steel Processing Market by steel type, by application and by Region

By Steel Type
• Alloy Steel
• Carbon Steel

By Application
• Construction
• Energy
• Automotive
• Consumer Goods
• Others

By Region
• North America
• Europe
• Asia-Pacific
• ROW

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