Steel Global Market by Production, Scope, Analysis, Forecasts to 2019
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(EMAILWIRE.COM, May 16, 2017 ) Publisher's research analyst predicts the global steel industry to grow steadily at a CAGR of around 2%, in terms of consumption volume, during the forecast period. The growth of end-user industries such as automotive, mechanical machinery, and infrastructure and construction is fueling the demand for steel. The infrastructure and construction sector, which accounts for more than 52% of the world's steel consumption, is expected to grow at a rate of around 8% by the end of 2020.
For more information at http://www.reportsweb.com/global-steel-industry-2015-2019
The rapid growth of developing economies such as India is also expected to contribute to the market growth during the forecast period. Around 63% of the demand in India is catered by the coal-intensive blast furnaces. The Indian government has banned iron ore, to fight against illegal mining, which is expected to reduce the domestic supply.
Segmentation by type and analysis of the steel industry
- Carbon steel
- Alloy steel
- Stainless steel
Alloy steel contains metals such as silicon, manganese, copper, aluminum, titanium, chromium, and nickel in varying proportions in order to manipulate the steel's properties. This type of steel is used in electric motors, transformers, power generators, pipelines, and auto parts.
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Segmentation by end users and analysis of the steel industry
- Infrastructure and construction
- Mechanical machinery
- Automotive industry
- Others (electrical equipment, domestic appliances, and transportation)
Infrastructure and construction contributed 52% of the global market revenue during 2014 and is expected to retain its market leadership until the end of 2019. Steel-intensive infrastructure such as roads, rail, ports, airports, and power sector is driving the growth of the steel industry in this segment.
Geographical segmentation and analysis of the steel industry
- Americas
- APAC
- EMEA
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For more information at http://www.reportsweb.com/global-steel-industry-2015-2019
The rapid growth of developing economies such as India is also expected to contribute to the market growth during the forecast period. Around 63% of the demand in India is catered by the coal-intensive blast furnaces. The Indian government has banned iron ore, to fight against illegal mining, which is expected to reduce the domestic supply.
Segmentation by type and analysis of the steel industry
- Carbon steel
- Alloy steel
- Stainless steel
Alloy steel contains metals such as silicon, manganese, copper, aluminum, titanium, chromium, and nickel in varying proportions in order to manipulate the steel's properties. This type of steel is used in electric motors, transformers, power generators, pipelines, and auto parts.
Request Sample Copy: http://www.reportsweb.com/inquiry&RW0001202202/sample
Segmentation by end users and analysis of the steel industry
- Infrastructure and construction
- Mechanical machinery
- Automotive industry
- Others (electrical equipment, domestic appliances, and transportation)
Infrastructure and construction contributed 52% of the global market revenue during 2014 and is expected to retain its market leadership until the end of 2019. Steel-intensive infrastructure such as roads, rail, ports, airports, and power sector is driving the growth of the steel industry in this segment.
Geographical segmentation and analysis of the steel industry
- Americas
- APAC
- EMEA
Make an enquiry: http://www.reportsweb.com/inquiry&RW0001202202/buying
Contact Information:
ReportsWeb.com
Priya Sisodia
Tel: +1-646-491-9876
Email us
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ReportsWeb.com
Priya Sisodia
Tel: +1-646-491-9876
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results