Increasing Investment in Energy Sector Surge Steel Consumption in US

Apparent steel consumption in US is projected to grow at a CAGR of 4.8 % during 2015-2019, says RNCOS in its latest research report.


Noida, UP -- (SBWIRE) -- 01/02/2015 -- Apparent steel consumption in US is anticipated to experience a healthy growth due to demand created from the energy sectors. Expansion of energy sectors followed by the replacement of existing old energy infrastructure is expected to create huge steel demand in the country. Besides, investment in new extraction techniques followed by possible access to extract gas from the unproductive rocks will further create a huge steel demand in the country.

According to our latest report "US Steel Industry Outlook 2019", increasing oil demand around globe along with the construction of new transmission lines & gathering systems in drilling sites plays a major role in overall steel consumption in the US. Further, demand from the manufacturing of LNG ships, construction of offshore and onshore oil platforms, oil storage systems surge a steel demand in the country. It is anticipated that apparent steel consumption in US projected to grow at a CAGR of 4.8% during 2015-2019.

The report provides a comprehensive analysis and unbiased view of the US steel industry in terms of production, consumption, export and import by the sector. Further, product-wise production and consumption has also been discussed in the report, including long products, flat products and seamless tubes with forecast till 2019. This report also provides the further break up of long products production into concrete reinforcing bars, bars, and wire rods. Flat products production further segmented into electrical sheet & strip, tin mill and other metallic coated sheet & strips.

US steel consumption pattern further broken down by type of product, which represents that flat products, accounts the major share in total steel consumption in the country. Further, this report also provides the consumption of finished steel by product including stainless steel sheet or strip, plate, bar, rod and wire. Steel demand analysis from various sectors including construction, automobiles, energy, container, defense and security etc. and steel spot and scrap price are also covered in the report.

The report also analyzes the competitive landscape covering business description, key financials, and strength & weakness analysis of major US steel players. Major market trends and drivers that are prevailing in the US steel industry are also discussed in the report. Overall, the report will facilitate clients in analyzing the driving forces and understand the existing opportunities in the US steel industry.

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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.