The Steel Processing Market growth in the construction, automotive, and consumer appliances industry has played a huge part in providing the necessary boost to the global steel processing industry. The global steel processing industry is projected to grow at a CAGR of 2.16% during 2015 to 2020.
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Alloy steel is the fastest growing segment within the steel processing market across the globe and is suitable for all application areas.
The market has been segmented on the basis of the shape of steel products, steel type, end users, and regions in terms of value and volume. The market segment on the basis of shape of steel products includes flat steel, long steel, and tubular steel. The segment on the basis of type of steel includes alloy steel and carbon steel. The applications segment includes construction, shipping, energy, packaging, consumer appliances industry, housing, automotive and others. The regions segment includes market size and share of North America, Europe, Asia-Pacific, Latin America, and RoW.
This report provides a full analysis of key companies and competitive analysis of developments recorded in the industry during the past five years. In the report, market drivers, restraints, opportunities, and challenges have been discussed in detail. The leading players of the market such as ArcelorMittal (Luxembourg), Baosteel Group Corporation (China), POSCO (South Korea), Nippon Steel & Sumitomo Metal Corporation (Japan), JFE Holdings, Inc. (Japan) have been profiled to provide an insight of the competitive scenario in the steel processing market. Mergers & acquisitions have been the key strategies adopted by leading companies to accommodate the fast changing technologies in the application areas and to increase their market share. Companies have also adopted strategic expansions and investments to bridge the existing gaps in their product offerings, end market requirements, and geographical constraints.
Scope of the report
This research study categorizes the global steel processing market based on steel type, shape, end users, and region:
On the basis of steel type
- Alloy steel
- Carbon steel
On the basis of shape of steel products
- Flat steel
- Long steel
- Tubular steel
On the basis of end users
- Consumer appliances industry
On the basis of region
- North America
- Latin America
- Rest of the World (RoW)
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