Global Steel Manufacturing Market 2014-2018: Key Vendors are Arcelor Mittal, Baoshan Iron & Steel, Hebei Iron & Steel Group and Nippon Steel & Sumitomo Metal

DUBLIN, September 19, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/bbx6fc/global_steel) has announced the addition of the "Global Steel Manufacturing Market 2014-2018" report to their offering. 

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Steel is the main engineering material used in industries such as Construction, Automotive, Transport, Power, Mechanical Machinery, Metal Goods, and Domestic Appliances. It is also the main material utilized in delivering renewable energy such as solar, tidal, and wind power.

Steel is composed of iron, carbon, impurities, and alloying elements, the combination of which determines the properties of the steel. Based upon these properties, steel can be classified into various types such as carbon steel, alloy steel, stainless steel, and tool steel. Steel gives strength, durability, corrosion resistance, hardenability, formability, weldability, and ductility to the products made by end-user industries.

The analysts forecast the Global Steel Manufacturing market will grow at a CAGR of 3.41 percent over the period 2013-2018.

The Global Steel Manufacturing market can be divided on the basis of end-user into five main segments: Infrastructure and Construction, Mechanical Machinery, Metal Products, Automotive, and Others. The Others segment includes industries such as Electrical Equipment, Other Transport, and Domestic Appliances. The above end-user segments are the major consumers of steel and their performance has a direct impact on the growth of the Global Steel Manufacturing market.

The report, the Global Steel Manufacturing Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions; it also covers the Global Steel Manufacturing market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

One of the major trends in this market is growth in the Renewable Energy industry, which will require steel to develop infrastructure. This will strengthen the demand for steel in the coming years. Steel will play a major role in developing infrastructure for the generation of power from renewable energy sources such as wind, solar, and tidal. The usage of steel will enable taller, stronger, and lighter-weight towers for wind turbines, increasing their efficiency and reducing carbon emissions associated with their construction.

According to the report, one of the major drivers in this market is growth in emerging economies. Over the last few years, growth of developed markets such as the US, the EU, and Japan stagnated. This resulted in weak demand for steel products. However, growth in emerging economies such as China, India, and Brazil has countered this effect with their increased infrastructure and construction investment. 

Key Topics Covered:  

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. Market Segmentation by End-users

08. Geographical Segmentation

09. Key Leading Countries

10. Buying Criteria

11. Market Growth Drivers

12. Drivers and their Impact

13. Market Challenges

14. Impact of Drivers and Challenges

15. Market Trends

16. Trends and their Impact

17. Vendor Landscape

18. Key Vendor Analysis

19. Other Reports in this Series

Companies Mentioned:

• Anshan Iron and Steel Group Corp.
• Arcelor Mittal SA
• Baoshan Iron & Steel Co. Ltd.
• EVRAZ plc
• Gerdau Corp.
• Hebei Iron & Steel Group Co. Ltd.
• Hyundai Steel Co. Ltd.
• JFE Steel Corp.
• Maanshan Iron & Steel Co. Ltd.
• Nippon Steel & Sumitomo Metal Corp
• Nucor Corp.
• POSCO
• RIVA Group
• Shagang Group Inc.
• Shandong Iron and Steel Group Co. Ltd.
• Shougang Group Corp.
• Tata Steel Group
• United States Steel Corp.
• Wuhan Iron & Steel (Group) Corp.

For more information visit http://www.researchandmarkets.com/research/bbx6fc/global_steel

Media Contact: Laura Wood  +353-1-481-1716, press@researchandmarkets.net