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United States Crude Steel Industry: Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

Publisher Koncept Analytics
Published Nov 14, 2022
Length 77 Pages
SKU # KOAN17503786

Description

United States Crude Steel Industry: Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

The US crude steel market is forecasted to reach US$110.0 billion in 2026, experiencing growth at a CAGR of 6.12% during the period spanning from 2022 to 2026. Growth in the US crude steel market has been supported by factors such as booming automobile industry and accelerating urban population. The United States-Mexico-Canada Agreement (USMCA) is likely to have a positive impact on US crude steel market. However, the market growth is expected to be restrained by increasing problem of excess crude steelmaking capacity.

The US crude steel market by production process can be segmented into the following segments: electric arc furnace and basic oxygen furnace. In 2021, the dominant share of US crude steel market was held by: electric arc furnace, followed by basic oxygen furnace. The US crude steel market by chemical composition can be segmented as follows: carbon steel, alloy steel, stainless steel and tool steel. The largest share of the market was held by carbon steel, followed by alloy steel, stainless steel and tool steel. The US crude steel market by steel mill products can be segmented as follows: flat steel products and long steel products. The largest share of the market is held by flat steel products, followed by long steel products.

The US crude steel market by end user industry can be segmented into the following segments: construction, automotive, machinery/ equipment, energy, appliances and other applications. In 2021, the dominant share of market was held by construction industry, followed by automotive, machinery/ equipment industry. Factors such increased construction and infrastructure projects and booming oil and gas industry helped in boosting market growth of the US crude steel market.

Scope of the report:
  • The report provides a comprehensive analysis of the US crude steel market with potential impact of COVID-19.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The company profiles of leading players (Cleveland Cliffs, Inc., Commercial Metals Company, Nucor Corporation, Steel Dynamics Inc., United States Steel Corporation and Reliance Steel and Aluminum Co.) are also presented in detail.
Key Target Audience:
  • Steel Manufacturers
  • Raw Material Providers
  • End Users (Businesses/ Consumers)
  • Investment Banks
  • Government Bodies & Regulating Authorities

Table of Contents

77 Pages
1. Market Overview
1.1 Introduction- Steel
Table 1: Applications of Steel
1.2 Types of Steel
Table 2: Types of Steel
1.3 Steel Products
Table 3: Types of Steel Products
1.3.1 Flat Steel Products
1.3.2 Long Steel Products
1.3.3 Stainless Steel Products
Table 4: Applications of Stainless Steel
1.4 Value Chain Analysis
Table 5: Value Chain Analysis
1.5 Advantages of Steel
Table 6: Advantages of Steel
1.6 Disadvantages of Steel
Table 7: Disadvantages of Steel
2. Impact of COVID- 19
2.1 Impact of COVID-19 on US Steel Industry
2.2 Price Volatility
Table 8: The US Midwest Domestic Hot-Rolled Coil Steel Price (Jan 2017- Jan 2021)
2.3 Reduced Demand of Steel
Table 9: Global Apparent Steel Use of Finished Steel Products (2016- 2020)
2.4 Impact of COVID-19 on US Automotive Industry
Table 10: The US Motor Vehicle Domestic Sales and Production (2017- 2020)
3. Market Analysis
3.1 The US Crude Steel Market Value
3.1.1 The US Crude Steel Market by Value
Table 11: The US Crude Steel Market by Value (2017-2021)
3.1.2 The US Crude Steel Market Forecast by Value
Table 12: The US Crude Steel Market Forecast by Value (2022-2026)
3.1.3 The US Crude Steel Market Value by Chemical Composition
Table 13: The US Crude Steel Market Value by Chemical Composition (2021)
3.1.4 The US Crude Steel (by Chemical Composition) Market by Value
Table 14: The US Crude Steel (by Chemical Composition) Market by Value (2017-2021)
3.1.5 The US Crude Steel (by Chemical Composition) Market Forecast by Value
Table 15: The US Crude Steel (by Chemical Composition) Market Forecast by Value (2022-2026)
3.2 The US Crude Steel Market by Chemical Composition
3.2.1 The US Carbon Steel Market by Type
Table 16: The US Carbon Steel Market by Type (2021)
3.2.2 The US Carbon Steel Type Market by Value
Table 17: The US Carbon Steel Type Market by Value (2017-2021)
3.2.3 The US Carbon Steel Type Market Forecast by Value
Table 18: The US Carbon Steel Type Market Forecast by Value (2022-2026)
3.2.4 The US Stainless Steel Market by Grade
Table 19: The US Stainless Steel Market by Grade (2021)
3.2.5 The US Stainless Steel Grade Market by Value
Table 20: The US Stainless Steel Grade Market by Value (2017-2021)
3.2.6 The US Stainless Steel Grade Market Forecast by Value
Table 21: The US Stainless Steel Grade Market Forecast by Value (2022-2026)
3.3 The US Crude Steel Market by Volume
3.3.1 The US Crude Steel Production
Table 22: The US Crude Steel Production (2017-2021)
3.3.2 The US Crude Steel Production Forecast
Table 23: The US Crude Steel Production Forecast (2022-2026)
3.3.3 The US Apparent Crude Steel Consumption by Volume
Table 24: The US Apparent Crude Steel Consumption by Volume (2017-2021)
3.4 The US Crude Steel Market by Production Process
Table 25: The US Crude Steel Market by Production Process (2021)
3.4.1 The US Crude Steel Production Volume by Process
Table 26: The US Crude Steel Production Volume by Process (2017-2021)
3.5 The US Crude Steel Market by Steel Mill Products
Table 27: The US Crude Steel Market by Steel Mill Products (2021)
3.5.1 The US Crude Steel Mill Products Market by Volume
Table 28: The US Crude Steel Mill Products Market by Volume (2017-2021)
3.5.2 The US Crude Steel Mill Products Market Forecast by Volume
Table 29: The US Crude Steel Mill Products Market Forecast by Volume (2022-2026)
3.6 The US Crude Steel Market by End User
Table 30: The US Crude Steel Market by End User Industry (2021)
3.6.1 The US Construction Steel Market by Volume
Table 31: The US Construction Steel Market by Volume (2017-2021)
3.6.2 The US Automotive Steel Market by Volume
Table 32: The US Automotive Steel Market by Volume (2017-2021)
3.6.3 The US Machinery and Equipment Steel Market by Volume
Table 33: The US Machinery and Equipment Steel Market by Volume (2017-2021)
3.6.4 The US Energy Steel Market by Volume
Table 34: The US Energy Steel Market by Volume (2017-2021)
3.6.5 The US Appliances Steel Market by Volume
Table 35: The US Appliances Steel Market by Volume (2017-2021)
3.7 The US Crude Steel Imports
Table 36: The US Crude Steel Imports (2021)
3.7.1 The US Crude Steel Imports by Volume
Table 37: The US Crude Steel Imports by Volume (2017-2021)
3.8 The US Crude Steel Exports
Table 38: The US Crude Steel Exports (2021)
3.8.1 The US Crude Steel Exports by Volume
Table 39: The US Crude Steel Exports by Volume (2017-2021)
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Booming Automobile Industry
Table 40: Production of Motor Vehicle in the US (2017-2021)
4.1.2 Accelerating Urban Population
Table 41: Urban population in the US (2017-2021)
4.1.3 Increased Construction and Infrastructure Projects
Table 42: Construction Spending in the US (2017-2021)
4.1.4 Accelerating Consumer Durables Industry
Table 43: Industrial Production Index of Household Appliances (Jan 2017- Jan 2021)
4.1.5 Booming Oil and Gas Industry
Table 44: The US Crude Oil First Purchase Price (2017-2021)
4.2 Key Trends
4.2.1 Green Steel
4.2.2 United States-Mexico-Canada Agreement (USMCA)
4.3 Challenges
4.3.1 Trade War and Increased Prices of Raw Materials
Table 45: Global Iron Ore Price (2017-2021)
4.3.2 Excess Capacity Problem
Table 46: Global Nominal Crude Steelmaking Capacity (2017-2021)
5. Company Profiles
5.1 Cleveland Cliffs, Inc.
5.1.1 Business Overview
Table 47: End User Markets
5.2 Commercial Metals Company
5.2.1 Business Overview
Table 48: Commercial Metals Company Timeline
5.3 Nucor Corporation
5.3.1 Business Overview
Table 49: Business Segments
5.4 Steel Dynamics, Inc.
5.4.1 Business Overview
Table 50: Operations Segments
5.5 United States Steel Corporation
5.5.1 Business Overview
Table 51: Business Segments
5.6 Reliance Steel and Aluminum Co.
5.6.1 Business Overview
Table 52: Business Segments

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