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Global Steel Industry Market 2015-2019

Global Steel Industry Market 2015-2019

Overview of the steel industry

Technavio’s research analyst predicts the global steel industry to grow steadily at a CAGR of around 2%, in terms of consumption volume, during the forecast period. The growth of end-user industries such as automotive, mechanical machinery, and infrastructure and construction is fueling the demand for steel. The infrastructure and construction sector, which accounts for more than 52% of the world's steel consumption, is expected to grow at a rate of around 8% by the end of 2020.

The rapid growth of developing economies such as India is also expected to contribute to the market growth during the forecast period. Around 63% of the demand in India is catered by the coal-intensive blast furnaces. The Indian government has banned iron ore, to fight against illegal mining, which is expected to reduce the domestic supply.

Segmentation by type and analysis of the steel industry

  • Carbon steel
  • Alloy steel
  • Stainless steel
Alloy steel contains metals such as silicon, manganese, copper, aluminum, titanium, chromium, and nickel in varying proportions in order to manipulate the steel's properties. This type of steel is used in electric motors, transformers, power generators, pipelines, and auto parts.

Segmentation by end users and analysis of the steel industry
  • Infrastructure and construction
  • Mechanical machinery
  • Automotive industry
  • Others (electrical equipment, domestic appliances, and transportation)
Infrastructure and construction contributed 52% of the global market revenue during 2014 and is expected to retain its market leadership until the end of 2019. Steel-intensive infrastructure such as roads, rail, ports, airports, and power sector is driving the growth of the steel industry in this segment.

Geographical segmentation and analysis of the steel industry
  • Americas
  • APAC
  • EMEA
APAC accounted for 70% of the market share during 2014 and is expected to grow at a CAGR of 3% during the forecast period. China, Japan, and India are the market leaders in this region. The increased infrastructure spending in the emerging economies is driving the market growth of this region.

Competitive landscape and key vendors

The global steel market is highly fragmented with the presence of numerous global and regional vendors. The competition among vendors is intense, resulting in lower steel prices and reduced profit margins.

The leading vendors in the market are -
  • ArcelorMittal
  • Ansteel
  • Baosteel
  • Hebei Iron and Steel
  • Jiangsu Shagang
  • Nippon Steel & Sumitomo Metal
  • POSCO
Other prominent vendors in the market include Anyang Steel, Evraz, Geradau, Hyundai Steel, JFE Steel, Maanshan Iron and Steel, Nucor, RIVA, Shandong Iron and Steel, Shougang Group, Tata Steel, United State Steel, and Wuhan Iron and Steel.

Key questions answered in the report include
  • What will the market size and the growth rate be in 2019?
  • What are the key factors driving the global steel industry?
  • What are the key market trends impacting the growth of the steel industry?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global steel industry?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the steel industry?
Technavio also offers customization on reports based on specific client requirement.

Related reports:
  • Steel Market in ASEAN Countries 2015-2019
  • Global Steel Mills Products Market 2015-2019
  • Global Coal Mining Industry 2015-2019
  • Brazilian Mining Industry 2015-2019
  • Superalloys Market 2015-2019


Press Release

Technavio Announces the Publication of its Research Report – Global Steel Industry Outlook 2015-2019
Technavio recognizes the following companies as the key players in the Global Steel Industry Outlook: ArcelorMittal, Ansteel, Baosteel, Hebei Iron and Steel, Jiangsu Shagang, Nippon Steel & Sumitomo Metal and POSCO
Other Prominent Vendors in the market are: Anyang Steel, Evraz, Geradau, Hyundai Steel, JFE Steel, Maanshan Iron and Steel, Nucor, RIVA, Shandong Iron and Steel, Shougang Group, Tata Steel, United State Steel, and Wuhan Iron and Steel.
Commenting on the report, an analyst from Technavio’s team said: “One of the major trends is the growth in tapping the high-growth sectors in various regions, which has shown robust growth rates for steel in the infrastructure and construction, oil and gas, and automotive industries. Thus, the combination of trends and drivers is expected to propel the growth of the market during the forecast period.”
According to the report, one of the major drivers in this market is the rapid urbanization in India. The growth rate in India's steel consumption is expected to be 7%-9%. Continuing rapid urbanization in India will drive the steel-intensive market in India. The Indian government is capitalizing hugely in infrastructure, and this will boost the demand for steel in India.
Further, the report states that one of the major challenges in this market is excessive production capacity. With steel supply overhauling demand, this has resulted in reduced profit margins for steel manufacturers.

Companies Mentioned

ArcelorMittal, Ansteel, Baosteel, Hebei Iron and Steel, Jiangsu Shagang, Nippon Steel & Sumitomo Metal, POSCO, Anyang Steel, Evraz, Geradau, Hyundai Steel, JFE Steel, Maanshan Iron and Steel, Nucor, RIVA, Shandong Iron and Steel, Shougang Group, Tata Steel, United State Steel, Wuhan Iron and Steel.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Crude steel producing countries
      • Table Top 10 crude steel producers 2014 (million metric tons)
    • Steel exporting countries
      • Table Top 10 exporters 2014 (million metric tons)
    • Steel importing countries
      • Table Top 10 importers 2014 (million metric tons)
    • Safety, health, and environment
  • Market landscape
    • Market overview
      • Table Global steel market
    • Market size and forecast by production
      • Table Global steel market by production 2014-2019 (billion tons)
    • Market size and forecast by consumption volume
      • Table Global steel market by volume 2014-2019 (billion tons)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Carbon steel
    • Alloy steel
    • Stainless steel
  • Market segmentation by end-uses
    • Overview
      • Table Segmentation of global steel market by end-uses 2014
      • Table Segmentation of global steel market by end-uses 2019
    • Global steel market in infrastructure and construction
      • Table Global steel market in infrastructure and construction 2014-2019 (million tons)
    • Global steel market in mechanical machinery
      • Table Global steel market in mechanical machinery 2014-2019 (million tons)
    • Global steel market in automotive
      • Table Global steel market in automotive 2014-2019 (million tons)
    • Global steel market in other end-uses
      • Table Global steel market in other end-uses 2014-2019 (million tons)
  • Geographical segmentation
    • Overview
      • Table Geographical segmentation of global steel industry market 2014
      • Table Geographical segmentation of global steel industry 2019
    • Steel market in APAC
      • Table Steel market in APAC 2014-2019 (billion tons)
    • Steel market in EMEA
      • Table Steel market in EMEA 2014-2019 (million tons)
    • Steel market in Americas
      • Table Steel market in Americas 2014-2019 (million tons)
  • Key leading countries
    • Table Key leading countries 2014
    • India
    • China
    • Japan
    • US
  • Market drivers
    • Rapid urbanization in India
    • Changing demand in China
      • Table Growth rate for steel consumption 2013-2015
      • Table Extent of urbanization in various countries
      • Table Per capita consumption of steel in various countries (kg)
    • Growth in end-user industries
      • Table Vehicle per 1,000 population in various countries
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Table Top ten countries by crude steel production capacity (million tons)
    • Table Projected average FOB steel prices in various countries 2014-2019 ($ per ton)
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Growth rates in steel end-use markets 2014
  • Vendor landscape
    • Competitive scenario
    • Degree of consolidation
      • Table Global steel market: Degree of consolidation by region 2014
    • Value chain analysis
      • Table Value chain of global steel market
      • Table Global trade of different forms of steel 2014
    • Key vendors
    • Key vendor ranking
      • Table Top 15 vendors 2014
    • Other vendors
  • Key vendor analysis
    • ArcelorMittal
      • Table ArcelorMittal: Business segmentation by revenue 2014
      • Table ArcelorMittal: Business segmentation by revenue 2013 and 2014 ($ billion)
      • Table ArcelorMittal: Geographical segmentation by revenue 2014
    • Ansteel
      • Table Ansteel: Business segmentation by revenue 2014
    • Baosteel
      • Table Baosteel: Business segmentation by revenue 2014
      • Table Baosteel: Business segmentation by revenue 2013 and 2014 ($ billion)
      • Table Baosteel: Geographical segmentation by revenue 2014
    • Hebei Iron and Steel
      • Table Hebei Iron and Steel: Business segmentation by revenue 2014
      • Table Hebei Iron and Steel: Business segmentation by revenue 2013 and 2014 ($ billion)
      • Table Hebei Iron and Steel: Geographical segmentation by revenue 2014
    • Shagang
    • Nippon Steel and Sumitomo Metal
      • Table Nippon Steel and Sumitomo Metal: Business segmentation by revenue2014
      • Table Nippon Steel and Sumitomo Metal: Business segmentation by revenue 2013 and 2014 ($ billion)
      • Table Nippon Steel and Sumitomo Metal: Geographical segmentation by revenue 2014
    • Posco
      • Table Posco: Business segmentation by revenue 2014
      • Table Posco: Business segmentation by revenue 2013 and 2014
      • Table Posco: Geographical segmentation by revenue 2014
  • Appendix
    • List of abbreviations
  • Explore Technavio

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