At Stunning 5.4% CAGR, Steel Market Size 2023, Recent Developments, Key Innovations, Emerging Demands, Top Company Data, Latest Technology, and Future Prospects Till 2029
[Latest News, Updates & Trend analysis] Steel Market 2023 Manufacturing Construction Industry Global Analysis By Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2029 Is Latest Study Published By Exactitude Consultancy. At Stunning 5.4% CAGR, The global Steel Market was valued at over 566 Billion in 2022. The market is expected to see significant growth over the coming years, with a forecasted market value of over USD 910 Billion by 2029
Companies Profiled in Steel Market Report:
ArcelorMittal (Luxembourg), POSCO (South Korea), Shangang Group (Spain), NSSMC Group (Japan), China Baowu Group (China), HBIS Group (China), Tata Steel Group (India), Nucor Corporation (US), Hyundai Steel Company (South Korea), China Steel Company (Taiwan).
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Product Insights
Hot rolled steel emerged as the dominant product segment with over 75% of the volume share in 2019. The product is increasingly being preferred owing to its relatively more economic production and exceptional characteristics such as superior weldability, formidability, high residual strain during baking, and good adhesion ability.
Cold rolled steel is usually manufactured below recrystallization temperatures and is essentially a hot rolled product that has been processed further to obtain superior surface finish and high tolerance. The end product is utilized in applications where the final appearance & texture is of utmost importance, including rail wheels, axles, and fish plates.
Direct rolling practices are rapidly gaining popularity in the industry since they improve the final yield by almost 4-5%, while also providing cost savings. The process also reduces risks associated with lower production caused by multiple manual roles, such as ingots finishing, loading, and mold settings
Years considered for this report:
- Historical Years: 2018-2021
- Base Year: 2022
- Estimated Year: 2023
- Forecast Period: 2023-2029
What are the market factors explained in the report?
Key Strategic Developments: The study includes key strategic developments of the Steel Market, comprising R&D, new product launch, mergers and acquisitions, agreements, partnerships, collaborations, joint ventures, and regional growth of key competitors operating in the market globally and region.
Key Market Features: The report analyzed key market features including price, revenue, capacity, supply/demand, capacity utilization rate, gross production, production rate, market share, consumption, import/export, cost, CAGR and gross margin. Furthermore, the report also offers a comprehensive study of the key Steel Market dynamics and its latest trends, along with relevant market segments and sub-segments.
Analytical Tools: The Global Outsourced Steel Market report includes accurately researched and analyzed data on the key industry players and their scope in the market through various analytical tools. Analytical tools such as Porter’s five forces analysis, feasibility study, and ROI analysis have been used to analyze the growth of the key players operating in the market.
Get report analysis:
- Easy to Download Historical Data & Forecast Numbers
- Company Analysis Dashboard for high growth potential opportunities
- Research Analyst Access for customization & queries
- Competitor Analysis with Interactive dashboard
- Latest News, Updates & Trend analysis
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Segments Covered in the Report
(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)
By Type
- Flat Steel
- Long Steel
By Product
- Structural Steel
- Iron Steel Wire
- Bright Steel
- Welding Iron/Rod
- Ropes
- Prestressing Steel
- Braids
- Others
By Application
- Automotive
- Mechanical
- Building And Construction
- Metal Products
- Mechanical Equipment
- Electric Appliances
- Domestic Appliances
- Other Transportation
By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East And Africa
(Sample reports are a great way to test our in-depth reports or study before you make a purchase)
- Steel Market report also presents the country-wise and region-wise analysis of the Exactitude Consultancy and includes a detailed analysis of the key factors affecting the growth of the market.
- The newly updated, 100+ page reports provide an in-depth analysis of the COVID-19 virus and pandemic.
- Using industry data and interview with experts, you can learn about topics such as regional impact analysis, global forecast, competitive landscape analysis, size & share of regional markets.
- We offer these reports in PDF format so you can read them on your computer and print them out.
- Free sample includes, Industry Operating Conditions, Industry Steel Market Size, Profitability Analysis, SWOT Analysis, Industry Major Players, Historical and Forecast, Growth Porter’s 5 Forces Analysis, Revenue Forecasts, Industry Trends, Industry Financial Ratios.
- Sample Report further sheds light on the Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis, to offer the readers an advantage over others.
Strategic Points Covered in Table of Content of Global Steel Market:
Chapter 1: provides an overview of Steel Market, containing global revenue and CAGR. The forecast and analysis of Steel Market by type, application, and region are also presented in this chapter.
Chapter 2: is about the market landscape and major players. It provides competitive situation and market concentration status along with the basic information of these players.
Chapter 3: introduces the industrial chain of #KAT. Industrial chain analysis, raw material (suppliers, price, supply and demand, market concentration rate) and downstream buyers are analysed in this chapter.
Chapter 4: concentrates on manufacturing analysis, including cost structure analysis and process analysis, making up a comprehensive analysis of manufacturing cost.
Chapter 5: provides clear insights into market dynamics, the influence of COVID-19 in #KAT industry, consumer behaviour analysis.
Chapter 6: provides a full-scale analysis of major players in #KAT industry. The basic information, as well as the profiles, applications and specifications of products market performance along with Business Overview are offered.
Chapter 7: pays attention to the sales, revenue, price and gross margin of #KAT in markets of different regions. The analysis on sales, revenue, price and gross margin of the global market is covered in this part.
Chapter 8: gives a worldwide view of Steel Market. It includes sales, revenue, price, market share and the growth rate by type.
Chapter 9: focuses on the application of #KAT, by analysing the consumption and its growth rate of each application.
Chapter 10: prospects the whole Steel Market, including the global sales and revenue forecast, regional forecast. It also foresees the Steel Market by type and application.
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