Iron & Steel Manufacturing in the US - Industry Market Research ReportIBISWorldFebruary 10, 2012 40 Pages - SKU: IBSS6819049 |
| Countries covered: United States Nerves of steel: Rising steel prices and new technologies will support a recovery Iron & Steel Manufacturing in the US Pumping iron This industry is highly volatile, depending greatly on global supply and demand trends. Steel prices change with global economic activity. Operators will experience a recovery over the next five years, after plummeting demand from downstream industries took a toll on the industry. Most significantly, the rising price of steel and growth in new technologies will benefit iron and steel manufacturers. However, conditions will remain challenging for many higher-cost steel manufacturers, particularly those that operate blast furnaces and carry legacy costs. Firms in this industry manufacture pig iron, steel and ferroalloys. Pig iron may be manufactured in a blast furnace or via newer direct reduction methods. Steel may be manufactured in basic oxygen furnaces (newly made steel) or in electric arc furnaces (recycled steel). The industry also includes firms that manufacture basic steel shapes (e.g. bars, plates, rods, sheets, strips and wire) or form pipes and tubes from steel they have produced themselves. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares. |
Additional Information
MAJOR COMPANIES
ArcelorMittal
AK Steel Holding Corporation
The Nucor Corporation
United States Steel Corporation
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