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Global Steel Sections Market 2016-2020

About Steel Sections

Steel sections are a type of steel long products and are used for different applications in industries, including infrastructure and construction, power, industrial machinery, and railway. These provide stability and strength to the structure. Other steel long products include rebars, wire rods, tubes, hot rolled bars, and rails. The global steel long products market will grow on the back of the demand from different industries, including construction, transmission and distribution, and automobiles. Upgrading of power distribution lines is the major factors driving the market.

Technavio’s analysts forecast the global steel sections market to grow at a CAGR of 5.13%, in terms of volume, during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global steel sections market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales of steel sections across several end-user industries.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • Europe
  • MEA
Technavio's report, Global Steel Sections Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ArcelorMittal
  • EVRAZ
  • Gerdau
  • NSSMC
  • Nucor
Other prominent vendors
  • Anyang Steel Group
  • Celsa Steel
  • Hyundai Steel
  • Mechel
  • Tata Steel
Market driver
  • India and China: Steel intensive markets
  • For a full, detailed list, view our report
Market challenge
  • China: Largest consumer to largest threat
  • For a full, detailed list, view our report
Market trend
  • Steel as sustainable material
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • 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 key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Steel Sections Market 2016-2020

Technavio recognizes the following companies as the key players in the global steel sections market: ArcelorMittal, EVRAZ, Gerdau, NSSMC, and Nucor.

Other Prominent Vendors in the market are: Anyang Steel, Celsa Steel, Hyundai Steel, Mechel, and Tata Steel.

Commenting on the report, an analyst from Technavio’s team said: “Using steel will be a key trend for market growth since it is a sustainable material. Steel is the world's most important engineering material. Its production is extremely energy-intensive. Technological advancements and extensive R&D have reduced the high consumption of energy in the production process. Once successful, this will lead to the reduction of greenhouse gas emissions. This will also help to combat climate change, which has become a serious environmental issue in recent years. Thus, the use of steel as a sustainable material (intern sections) is a new trend that is expected to auger well for the growth of the market during the forecast period.”

According to the report, one of the key drivers will be the rising demand from non-residential construction sector. Improvement in non-residential construction is one of the major drivers for the global steel sections market. The demand for steel products increased in 2015 as compared to 2013 and 2014, due to the increase in non-residential construction activities. In 2015, the expenditure on the US non-residential market increased by 12%. The total value of private non-residential construction projects put into place was $681 billion in the US, and the value of government non-residential construction was $394.4 billion.

Further, the report states that decline in iron ore prices will be a challenge for the market. Iron ore and steel scrap both are used as raw material for the preparation of steel. Demand for steel scrap is highly affected by the fluctuating London Metal Exchange billet prices and the iron ore prices. Demand for steel scrap is directly proportional to the prices of iron ore. Thus, when the prices of iron ore are low, the demand for scrap is also low. As steel recycling becomes costlier than iron ore, the market shifts toward iron ore as raw material.



Companies Mentioned

ArcelorMittal, EVRAZ, Gerdau, NSSMC, Nucor, Anyang Steel, Celsa Steel, Hyundai Steel, Mechel, Tata Steel.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Global steel sections market
      • Table Global steel sections market by end-user
      • Table Global steel sections market by geography
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
    • Overview
    • Global steel market outlook
      • Table Global steel market by production 2015-2020 (billion metric tons)
      • Table Global steel market by consumption volume 2015-2020 (billion metric tons)
  • Market landscape
    • Global steel sections market
      • Table Global steel long products market by type 2015
      • Table Global steel sections market 2015-2020 (million metric tons)
    • Pricing trends
      • Table Long products price November 2014-October 2015 ($ per metric ton)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Table Global steel sections market by end-user 2015
    • Table Global steel sections market by end-user 2020
    • Global steel sections market for infrastructure and construction
      • Table Global steel sections market for infrastructure and construction 2015-2020 (million metric tons)
      • Table Construction market in APAC 2015-2020 ($ trillions)
      • Table Construction market in EMEA 2015-2020 ($ trillions)
      • Table Construction market in EMEA 2015-2020 ($ trillions)
    • Global steel sections market for power
      • Table Global steel sections market for power 2015-2020 (million metric tons)
      • Table Voltage versus angles required
    • Global steel sections market for railway
      • Table Global steel sections market for railway 2015-2020 (million metric tons)
    • Global steel sections market for industrial machinery
      • Table Global steel sections market for industrial machinery 2015-2020 (million metric tons)
    • Global steel sections market for oil and gas
      • Table Global steel sections market for oil and gas 2015-2020 (million metric tons)
  • Geographical segmentation
    • Table Global steel sections market by geography 2015
    • Table Global steel sections market by geography 2020
    • Steel sections market in APAC
      • Table Steel sections market in APAC 2015-2020 (million metric tons)
      • Table Major construction market in APAC 2015
      • Table Ongoing major construction projects in APAC
      • Table Major importers and exporters of long products in APAC
    • Steel sections market in Europe
      • Table Steel sections market in Europe 2015-2020 (million metric tons)
      • Table Housing permit index in European Union (base year 2010)
      • Table Major construction markets in Europe 2015
      • Table Ongoing major construction projects in Europe
      • Table Major importers and exporters of long products in Europe
    • Steel sections market in Americas
      • Table Steel sections market in Americas 2015-2020 (million metric tons)
      • Table Major importers and exporters of long products in Americas
    • Steel sections market in MEA
      • Table Steel sections market in MEA 2015-2020 (million metric tons)
      • Table Ongoing major construction projects in MEA
      • Table Major importers for steel long products in MEA
  • Market drivers
    • India and China: Steel intensive markets
      • Table Apparent steel consumption per capita 2015
    • Demand from non-residential construction sector
    • Upgrading of existing transmission and distribution networks
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • China: Largest consumer to largest threat
    • Decline in iron ore prices
      • Table Iron ore price 2005-2015 ($ per dry metric ton)
    • Declining capacity utilization ratio
      • Table Global steel capacity utilization ratio
      • Table Reasons for increase in excess capacity
    • Sluggish steel demand
      • Table Growth rate for steel consumption 2013-2015
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Steel as sustainable material
    • Rationalization of capacity
    • Shift toward steel scrap as raw material
  • Vendor landscape
    • Global customer base concentration
      • Table Global steel sections market: Concentration of customer base by region 2015
      • Table Top 10 steel long product importing countries 2014 (million metric tons)
      • Table Top 10 steel long product exporting countries 2014 (million metric tons)
    • Market share analysis
      • Table Market share for steel long products manufacturers by capacity 2015
    • Other prominent vendors
  • Key vendor analysis
    • ArcelorMittal
    • EVRAZ
    • Gerdau
    • NSSMC
    • Nucor
  • Appendix
    • List of abbreviations
  • Explore Technavio

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