The global steel products market is expected to grow from $356.69 billion in 2020 to $406.4 billion in 2021 at a compound annual growth rate (CAGR) of 13.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $528.35 billion in 2025 at a CAGR of 7%.
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The steel products market consists of sales of steel products by entities (organizations, sole traders and partnerships) that produce steel products such as tubes and pipes from iron and steel, shapes drawn through rolling or drawing of purchased iron or steel, and draw steel wire. The steel products market is segmented into iron and steel pipe and tube; and rolled and drawn steel.
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The steel products market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the steel products market are ArcelorMittal SA, Nippon Steel & Sumitomo Metal Corporation (NSSMC), POSCO, Baosteel, JFE Steel Corporation.
The global steel products market is segmented –
1) By Type: Rolled and Drawn Steel, Iron And Steel Pipe And Tube
2) By Application: Construction, Automotive, Energy, Packaging, Others
3) By Product Type: Flat Steel, Long Steel, Tubular Steel, Steel Pipes, Steel Tubes
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The steel products market report describes and explains the global steel products market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The steel products report evaluates the market across each region and for the major economies within each region.
The countries covered in the global steel products market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global steel products market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Steel Products Market Characteristics
- Steel Products Market Product Analysis
- Steel Products Market Supply Chain
- Key Mergers And Acquisitions In The Steel Products Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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