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The Steel Products Global Market Report 2023 by The Business Research Company, provides steel products market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Steel Products Global Market Report 2023, the market size grew from $433.83 billion in 2022 to $465.35 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of steel products is expected to grow to $608.35 billion in 2027 at a CAGR of 6.9%.
Rapidly growing urban populations are expected to drive the demand for steel products in the forecast period. A large number of people living in rural areas are migrating to urban areas in search of a better life. This is expected to increase the need for housing and infrastructure. Infrastructure demand is expected to increase significantly in Asian countries such as China, India, Vietnam, and the Philippines.
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The steel products market is segmented:
1) By Type: Rolled and Drawn Steel, Iron and Steel Pipe and Tube
2) By Product Type: Flat Steel, Long Steel, Tubular Steel, Steel Pipes, Steel Tubes
3) By Application: Construction, Automotive, Energy, Packaging, Other Applications
Subsegments Covered: Rolled Steel, Drawn Steel
Metal manufacturing companies are increasing R&D expenditure to launch new product lines. They are launching advanced products such as ultra-light alloys as opposed to commodities. For instance, according to the Ministry of Science and Technology, research and development report 2019-20, the national investment in R&D activities attained a level of Rs. 1,23,847.71 crore. Thus, the introduction of new product lines through increased R&D spending is a significant trend in the metal manufacturing industry.
The steel products market report table of contents includes:
Executive Summary
Report Structure
Steel Products Market Characteristics
Steel Products Market Product Analysis
Steel Products Market Supply Chain
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Steel Products Market Competitive Landscape
Key Mergers And Acquisitions In The Steel Products Market
Market Background: Metal Manufacturing Market
Recommendations
Appendix
Top 5 Major Key Players Are:
Angang Steel Company Limited
Steel Authority of India Limited
SSAB AB
Nucor Corp
Compagnie de Saint-Gobain S.A
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In this report, our team offers a comprehensive analysis of Steel Long Products market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-steel-long-products-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering • ArcelorMittal• Posco• Nssmc• Thyssenkrupp• Baosteel• Hbis• Hbis• Wisco• JFE• XXCIG• Ansteel Group• Tata Steel• Bohai Steel• Shougang Group• Gerdau• EVRAZ On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into • Rebars• Wire Rods• Tubes• Sections By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into • Construction• Automotive and Aerospace• Railway and Highway• Others By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like • China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-steel-long-products-market-2020-2026 Table of Contents Global Steel Long Products Market Professional Survey Report 2019 1 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Rebars1.3.2 Wire Rods1.3.3 Tubes1.3.4 Sections1.4 Application Overview1.4.1 Construction1.4.2 Automotive and Aerospace1.4.3 Railway and Highway1.4.4 Others1.5 Industrial Chain1.5.1 Steel Long Products Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Rebars2.1.2 Wire Rods2.1.3 Tubes2.1.4 Sections2.2 The Overall Market Performance(Value)2.2.1 Rebars2.2.2 Wire Rods2.2.3 Tubes2.2.4 Sections 3 Global Steel Long Products Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Construction3.3 Automotive and Aerospace3.4 Railway and Highway3.5 Others Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/construction-industry About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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