New York, NY -- (SBWIRE) -- 10/01/2020 -- The Global Steel Market report renders an in-depth examination and study of the Steel industry, including assessment of major segments like trends, drivers and restraints, opportunities, regulatory framework, value chain analysis, and overall market landscape. The report covers advancements in technologies, product developments, profiles of key competitors, business strategies, and emerging trends of the industry.

The report is updated with the latest market and economic scenario with regard to the COVID-19 pandemic. The report is furnished with the current details and changes in the demand and trends relating to the COVID-19 crisis. Impact analysis of the pandemic on the overall growth of the industry and its future impact is covered in the report.

Market Size – USD 844.97 Billion in 2019, Market Growth - CAGR of 2.3%, Market Trends – High demand of steel in the construction and automotive sector.

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The report provides a comprehensive overview of the competitive landscape and provides an analysis of the key companies operating in the industry. The top players operating in the industry are ArcelorMittal, NSSMC, Hebei Iron and Steel Group, Baosteel, Wuhan Iron and Steel Group, Posco, Jiangsu Shagang, Tata Steel Group, Hyundai Steel Company and JFE Steel Corporation.

The Steel industry is segmented into:

Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2027)

Carbon Steel
Alloy Steel
Stainless Steel
Tool Steel
Product Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2027)

Structural steel products
Shipbuilding
Pipes
Petrochemical Wells
Wires
Fittings
Kitchen Appliances
Furniture
Rods
Escalator
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2027)

Infrastructure and Construction
Equipment
Automobile Sector
Domestic and Electric Appliances
Defense
Regional Outlook of Steel Market:

The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Steel market is analyzed on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa.

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Advantages of Steel Market Report:

· Panoramic overview of the opportunities and risks in the Steel sector

· Study of recent innovations and developments in the industry

· Comprehensive study of the growth pattern of the Steel industry

· In-depth assessment of the competitive landscape of the key players of the Steel industry

· Analysis of the Steel market drivers, constraints, and opportunities

· Assessment of technological developments and the latest trends in the industry

Key considerations of the Steel Market Report:

Strategic Developments:

The study includes an assessment of key strategic developments of the Steel industry, including R&D advancements, product launches, brand promotions, mergers and acquisitions, joint ventures, collaborations, government deals, agreements, and partnerships. Regional growth of the leading companies is also provided on a global as well as country-wise scale.

Vital Features of the Market:

The report covers the evaluation of the key market features such as revenue, price analysis, capacity, gross margin, production and consumption ratio, import/export, and supply and demand ratio. Along with this, CAGR, gross margins, and estimated revenue generation is also covered by the report. The report further covers the market growth based on each segment and sub-segment of the industry.

Analytical Tools:

The report is furnished with accurate and assessed statistical data of the key industry players and their scope in the market. The analytical tools include SWOT analysis, Porter's Five Forces Analysis, feasibility analysis, and investment return analysis. These tools have been utilized to gain a deeper understanding of the key market players and their operations in the industry.

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