The development of the steel industry in Southeast Asian countries varies widely.

According to CRI analysis, Vietnam, Malaysia, Indonesia, Thailand and the Philippines and other countries with more rapid development of the steel industry.

Among them, Vietnam is the largest steel production capacity in Southeast Asia, steel production and export scale growth is remarkable, in 2021 Vietnam crude steel production reached 23 million tons, steel exports are a record 13 million tons, exports of more than 10 billion U.S. dollars. Singapore steel production capacity is much smaller than the above five countries, with an annual output of less than 1 million tons, while Myanmar, Cambodia, Laos and Brunei and other countries with very weak steel industry.

Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.

According to CRI’s analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021.

The population and minimum wage levels also vary greatly from country to country, with Brunei, which has the smallest population, having a total population of less than 500,000 people in 2021, and Indonesia, which has the largest population, having a population of about 275 million people in 2021. The most economically advanced countries in Southeast Asia do not have a legal minimum wage, with the actual minimum wage exceeding US$400 per month (for foreign maids), while the lowest minimum wage level in Myanmar is only about US$93 per month.

Overall, steel consumption in Southeast Asian countries has shown an upward trend in recent years, especially in Vietnam, Thailand, Malaysia and other countries with sustained economic growth, prompting rapid growth in steel consumption.

According to CRI’s forecast, the steel industry in Southeast Asia will maintain growth from 2022-2032. On the one hand, lower labor costs in Southeast Asian countries will prompt global steel companies to shift production capacity to these regions. On the other hand, rising demand in Southeast Asian steel markets will prompt global steel companies to increase their exports to these countries.

Topics covered:

• Southeast Asia Steel Industry Status and Major Sources in 2018-2022
• What is the Impact of COVID-19 on Southeast Asia Steel Industry?
• Which Companies are the Major Players in Southeast Asia Steel Industry Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in Southeast Asia Steel Industry
• What are the Key Drivers, Challenges, and Opportunities for Southeast Asia Steel Industry during 2023-2032?
• What is the Expected Revenue of Southeast Asia Steel Industry during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in Southeast Asia Steel Industry Market?
• Which Segment of Southeast Asia Steel Industry is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing Southeast Asia Steel Industry?

Table of Contents

1 Analysis of the Steel Industry in Singapore 

1.1 Singapore’s Steel Industry Development Environment

1.1.1 Geography

1.1.2 Population

1.1.3 Economy

1.1.4 Singapore Manufacturing Minimum Wage

1.2 Singapore Steel Industry Operation Status 2018-2022

1.2.1 Singapore Steel Industry Production Status

1.2.2 Singapore Steel Industry Sales Status

1.2.3 Singapore Steel Industry Import and Export Status

1.3 Analysis of Major Processing and Trading Companies of Singapore Steel

2 Analysis of Thailand Steel Industry 

2.1 Development Environment of Thailand Steel Industry

2.1.1 Geography

2.1.2 Population

2.1.3 Economy

2.1.4 Thailand Manufacturing Minimum Wage

2.2 Thailand Steel Industry Operation Status 2018-2022

2.2.1 Thailand Steel Industry Production Status

2.2.2 Thailand Steel Industry Sales Status

2.2.3 Thailand Steel Industry Import and Export Status

2.3 Major Processing and Trading Companies of Thailand Steel

3 Analysis of the Philippine Steel Industry 

3.1 Philippine Steel Industry Development Environment

3.1.1 Geography

3.1.2 Population

3.1.3 Economy

3.1.4 Philippines Manufacturing Minimum Wage

3.2 Philippine Steel Industry Operation Status 2018-2022

3.2.1 Production Status of Steel Industry in the Philippines

3.2.2 Philippines Steel Industry Sales Status

3.2.3 Philippine Steel Industry Import and Export Status

3.3 Major Processing and Trading Companies of Steel in Philippines

4 Malaysia Steel Industry Analysis 

4.1 Malaysia Steel Industry Development Environment

4.1.1 Geography

4.1.2 Population

4.1.3 Economy

4.1.4 Malaysia Manufacturing Minimum Wage

4.2 Malaysia Steel Industry Operation Status 2018-2022

4.2.1 Malaysia Steel Industry Production Status

4.2.2 Malaysia Steel Industry Sales Status

4.2.3 Malaysia Steel Industry Import and Export Status

4.3 Major Processing and Trading Companies of Steel in Malaysia

5 Indonesia Steel Industry Analysis 

5.1 Development Environment of Indonesia Steel Industry

5.1.1 Geography

5.1.2 Population

5.1.3 Economy

5.1.4 Indonesia Manufacturing Minimum Wage

5.2 Indonesia Steel Industry Operation Status 2018-2022

5.2.1 Indonesia Steel Industry Production Status

5.2.2 Indonesia Steel Industry Sales Status

5.2.3 Indonesia Steel Industry Import and Export Status

5.3 Major Processing and Trading Companies of Indonesia Steel

6 Vietnam Steel Industry Analysis 

6.1 Development Environment of Vietnam’s Steel industry

6.1.1 Geography

6.1.2 Population

6.1.3 Economy

6.1.4 Minimum Wage of Vietnam Manufacturing Industry

6.2 Vietnam Steel Industry Operation Status 2018-2022

6.2.1 Vietnam Steel Industry Production Situation

6.2.2 Vietnam Steel Industry Sales Status

6.2.3 Import and Export Status of Vietnam Steel Industry

6.3 Major Processing and Trading Enterprises of Vietnam Steel

7 Analysis of Myanmar Steel Industry 

7.1 Development Environment of Myanmar Steel Industry

7.1.1 Geography

7.1.2 Population

7.1.3 Economy

7.1.4 Myanmar Manufacturing Minimum Wage

7.2 Myanmar Steel Industry Operation Status 2018-2022

7.2.1 Myanmar Steel Industry Production Status

7.2.2 Myanmar Steel Industry Sales Status

7.2.3 Import and Export Status of Myanmar Steel Industry

7.3 Major Processing and Trading Enterprises of Steel in Myanmar

8 Brunei Steel Industry Analysis

8.1 Brunei Steel Industry Development Environment

8.1.1 Geography

8.1.2 Population

8.1.3 Economy

8.1.4 Brunei Manufacturing Minimum Wage

8.2 Brunei Steel Industry Operation 2018-2022

8.2.1 Brunei Steel Industry Production Status

8.2.2 Brunei Steel Industry Sales Status

8.2.3 Import and Export Status of Brunei Steel Industry

8.3 Major Processing and Trading Enterprises of Brunei Steel

9 Analysis of the Steel Industry in Laos

9.1 Development Environment of Laos Steel Industry

9.1.1 Geography

9.1.2 Population

9.1.3 Economy

9.1.4 Minimum Wage of Manufacturing Industry in Laos

9.2 Operation of the Steel Industry in Laos 2018-2022

9.2.1 Production Status of the Steel Industry in Laos

9.2.2 Laos Steel Industry Sales Status

9.2.3 Import and Export Status of Laos Steel Industry

9.3 Major Processing and Trading Enterprises of Laos Steel

10 Cambodia Steel Industry Analysis 

10.1 Development Environment of Cambodia Steel Industry

10.1.1 Geography

10.1.2 Population

10.1.3 Economy

10.1.4 Minimum Wage of Manufacturing Industry in Cambodia

10.2 Cambodia Steel Industry Operation Status 2018-2022

10.2.1 Cambodia Steel Industry Production Status

10.2.2 Cambodia Steel Industry Sales Status

10.2.3 Cambodia Steel Industry Import and Export Status

10.3 Major Processing and Trading Enterprises of Steel in Cambodia

11 Southeast Asia Steel Industry Outlook 2023-2032 

11.1 Southeast Asia Steel Industry Development Influencing Factors Analysis

11.1.1 Favorable Factors

11.1.2 Unfavorable Factors

11.2 Southeast Asia Steel Industry Supply Forecast 2023-2032

11.3 Southeast Asia Steel Market Demand Forecast 2023-2032

11.4 Impact of COVID -19 Epidemic on Steel Industry

Another related report:

Mexico Steel Industry Research Report 2023-2032

The post Research Report on Southeast Asia Steel Industry 2023-2032 first appeared on CRI Report.

Vietnam steel industry includes more than 100 companies, according to CRI analysis, of which the larger ones include Hoa Phat Steel, Hoa Sen Steel, Vietnam Steel Corporation, SMC Steel Company Limited, VSC-POSCO STEEL CORPORATION (VPS), Formosa Ha Tinh Steel Corporation (FHS) and so on.

The growth rate of Vietnam’s GDP in 2020 was about 2.9%. Considering the spread of COVID-19 in 2020, the annual GDP growth rate of 2.9% is already a good figure in the world. In 2021, the growth rate of Vietnam’s GDP is 2.6%. Vietnam’s economy has been increasing rapidly for many years, but wages of the manufacturing are still at a low level, which were less than 50% in China and far below that of the developed countries in 2021.

According to CRI analysis, as Vietnam’s economy develops and the living standards of residents rise, the demand for steel in the industries such as construction, automobiles and home appliances is also going up. The rapid development of steel demand has attracted many steel enterprises to build new steel capacity in Vietnam.

As the COVID-19 epidemic in Vietnam has been effectively controlled, the steel industry in Vietnam will not be greatly affected in 2020. Overall, Vietnam’s steel industry is still growing, and the homemade steel cannot meet the needs of the domestic market.

According to CRI analysis, in 2021, the production volume of crude steel in Vietnam reached 26.15 million tons, representing a CAGR of 32.7% from 2013 to 2021.

Based on CRI’s analysis, seeing the huge potential of the steel market in Vietnam and even Southeast Asia, many enterprises have invested in Vietnam’s steel industry in recent years. The largest investment case is Formosa Ha Tinh Steel Corporation (FHS), which is a joint venture by Formosa Plastic Group, China Steel Corporation and Japan’s JFE Holdings, with a first-phase investment of more than USD 10 billion.

Due to the rapid increase in production capacity of the steel industry in recent years, the supply of some types of steel in Vietnam has exceeded the demand, including concrete iron or steel for construction, cold-rolled steel coil products, etc. In order to reduce large quantities of imports such as hot-rolled steel coils and electromagnetic steel sheets, the Vietnam government is actively attracting foreign investors to establish positions in the country.

At present, the Vietnamese government has not formulated nationwide policies for foreign investment in the steel industry. However, steel companies have been set up in many industrial parks in Vietnam, which are granted with preferential policies in taxation and other aspects.

In addition, as Vietnam’s manufacturing and construction industries develop rapidly, the demand for steel will continue to increase. It is estimated that, during 2022-2031, Vietnam’s roads, airports and other infrastructure, housing construction, automobile, home appliances and other industries will all maintain a high growth rate.

On the whole, most of the domestic steel manufacturers are extremely low in production capacity (no more than 1 million tons a year), with the outdated equipment. Foreign-funded enterprises have seen great market prospects in investing in the steel industry of Vietnam, especially to establish one-stop businesses from the production of crude steel to the processing of various kinds of steel.

For one thing, these steel enterprises can market in Vietnam. For another, they can export products to the Southeast Asian market with a total population of nearly 700 million, and even to the Asia-Pacific market with a population of more than 2 billion.

CRI considers that the Vietnam steel market will become one of the fastest growing markets in the world from 2022 to 2031. Meanwhile, the CAGR of production volume of crude steel is projected to exceed 15%. By 2024, Vietnam will become a net exporter of steel.

Topics covered in Research Report on Vietnam Steel Industry 2022-2031:

• The impact of COVID-19 on Vietnam’s Steel Industry
• Development Environment of Vietnam Steel Industry
• Supply and Demand of Vietnam Steel Industry, 2013-2021
• Analysis on Import and Export of Steel in Vietnam, 2013-2021
• Major Steel Manufacturers in Vietnam, 2019-2021
• Advantages and disadvantages of the development of Vietnam’s cement industry
• Prospect of Vietnam Steel Market, 2022-2031

The post Research Report on Vietnam Steel Industry 2022-2031 first appeared on CRI Report.

Product Overview

Square hollow section comes in various sizes, wall thicknesses and specifications. Square hollow sections or square tubes are made of either hot rolled, cold rolled, pre-galvanized or stainless steel to form cold and welded. The suitable mother tube, a round steel tube, has to be formed first to form the square steel section. Using rolls from a round tube, this gradually presses the round tube into a square hollow section.

Market Highlights

Global Square Hollow Section Steel Market size was registered at USD XX billion in 2019, and is estimated to reach USD XX billion by 2030, registering a CAGR of XX% from 2020 to 2030. Growing residential and non-residential construction activities and development demand for steel products as building materials will promote growth for the hollow structural sector industry. Additionally, advanced building technologies like 3D printing and business information modeling are gaining rapid popularity in the engineering and construction sectors.
Global Square Hollow Section Steel Market: Segments

Global Square Hollow Section Steel Market is segmented on the basis of type, application and region.

By Type (in %), Global Square Hollow Section Steel Market, 2019
By type the market can be segmented into welded square hollow section and seamless square hollow section.

Global Square Hollow Section Steel Market Dynamics:

Increasing constructional activities and government initiatives to increase market growth

Growing residential and non-residential construction activities and development demand for steel products as building materials will promote growth for the hollow structural sector industry. Additionally, advanced building technologies like 3D printing and business information modeling are gaining rapid popularity in the engineering and construction sectors. This development is also expected to have a positive impact on demand for hollow section steel in industrial buildings in the years ahead.
Costly and fireproof treatment along with outdoor corrosion to hinder the market growth
Structural steel requires a costly, fireproof treatment and is susceptible to corrosion in outdoor environments. This can somewhat hamper the growth of industry.

Global Square Hollow Section Steel Market: Regions

In terms of value and volume, APAC accounted for XX% of total market volume share in 2019
Growing residential construction worldwide due to increasing income levels and urbanization in APAC region has led to increased building projects. Builders rely on the quality of the construction materials to create a solid building foundation. Increasing use of the product in the construction of residential buildings will have a positive impact on market trends in square hollow section steel.
The region segment can be further divided into five major types including North America, Latin America, Europe, APAC and MENA.
Global Square Hollow Section Steel Market: Competitive landscape

In order to broaden their product range and increase their regional presence, manufacturers are involved in product launches, developments and collaborations along with support from government regulations, which may enable acquiring firms to leverage the long-term steel market.

Global Square Hollow Section Steel Market: Key players

• Arcelor Mittal
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Nippon Steel and Sumitomo Metal Corporation
• Hebei Steel Group
• Baosteel Group
• Shagang Group
• Ansteel Group
• Shougang Group
• JFE Steel Corporation
• Tata Steel Group
• Other prominent players

Global Square Hollow Section Steel Market report also contains analysis on:

Global Square Hollow Section Steel Market segments: –

• By Type:
o Welded Square hollow section
o Seamless Square hollow section
• By Application:

o Agricultural
o Construction
o General Engineering
o Mechanical Application
o Others

• Global Square Hollow Section Steel Market dynamics
• Global Square Hollow Section Steel Market size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

The post Global Square Hollow Section Steel Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030 first appeared on CRI Report.

Topics covered:
Development Environment of Vietnam Steel Industry
Market Status of Vietnam Steel Industry, 2013-2018
Analysis on Import and Export of Steel in Vietnam, 2013-2018
Major Steel Manufacturers In Vietnam, 2015-2018
Prospect of Vietnam Steel Market, 2020-2024

The post Vietnam Steel Industry Report 2020-2024 first appeared on CRI Report.

Research Report on Vietnam Steel Industry, 2018-2022

The post Sample of Research Report on Vietnam Steel Industry, 2018-2022 first appeared on CRI Report.

Study Objectives of Tool Steel Market
• To provide detailed analysis of the market structure along with the forecast of the various segments and sub-segments included in global tool steel market with the analysis of development and demand in the market, for the next five to ten years
• To identify high growth regions and countries
• To study regional and country-specific demand and forecast for global tool steel market
• To cover the key segments of type, format type, application, process, and region
• To finalize unit breakdown for all different classifications required for forecasting, considering various factors
• To identify forecast demand for all probable segments for all the regions, and to collect the historical figure, data through primary and annual reports to derive the regional and country level market size
• To identify historical trends to forecast and estimate the future value data
Intended Audience
• Manufacturers and distributors of tool steel market
• Suppliers and traders of tool steel market
• Government associations and industrial bodies.
• Investors and Trade experts
• Consulting in automotive experts

DC description
Tool steel plate
Stainless steel backsplash
Stainless steel sheet
Stainless steel tubing
Tool steel distributors
Stainless steel sheet metal
Buy tool steel
Stainless steel mesh
Stainless steel wire
Stainless steel rod
Stainless steel plate
Stainless steel angle

Table of Contents:
1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Market Drivers
4.1.1 Growing Automotive Industry Will Accelerate The Tool Steel Market
4.1.2 Growing Forging Industry
4.1.3 Expansion of Global Tool Steel Manufacturers into Emerging Markets
4.2 Market Restraints & Challenges
4.2.1 Fluctuating Prices of Steel
4.3 Market Opportunities
4.3.1 Broader Scope in Developing Nations
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Suppliers
4.4.3 Bargaining Power of Buyers
4.4.4 Threat of Substitutes
4.4.5 Rivalry
4.5 Value Chain Analysis
4.5.1 Tool Steel Raw Material Supply
4.5.2 Manufacture & Assembly
4.5.3 Distribution
4.5.4 End-Use
5 Global Tool Steel Market, By Type
5.1 Introduction
5.1.1 High Speed Tool Steel
5.1.2 Metal Cutting
5.1.3 Alloy Tool Steel
5.1.4 Carbon Tool Steel
6 Global Tool Steel Market, By Format Type
6.1 Introduction
6.1.1 Round Format Type, By Application
6.1.2 Square Format Type, By Application
6.1.3 Other Format Type, By Application
6.1.4 Round
6.1.5 Square
6.1.6 Others
7 Global Tool Steel Market, By Application
7.1 Introduction
7.2 Automotive
7.3 Machinery
7.4 Shipbuilding
8 Global Tool Steel Market, By Process
8.1 Introduction
8.1.1 Forged
8.1.2 Rolled
9 Global Tool Steel Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Rest of Europe
9.4 Asia – Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia-Pacific
9.5 Rest of the World
9.5.1 South America
9.5.2 Middle East & Africa
10 Company Profiles
10.1 Nachi-Fujikoshi Corp
10.1.1 Company Profile
10.1.2 Product /Service Offering
10.1.3 Financial Overview
10.1.4 Key Developments
10.1.5 Strategy
10.1.6 SWOT Analysis
10.2 Voestalpine AG
10.2.1 Company Overview
10.2.2 Financial Overview
10.2.3 Product/Service Offering
10.2.4 Strategy
10.3 Sandvik
10.3.1 Company Overview
10.3.2 Financial Overview
10.3.3 Product/Service Offering
10.3.4 Strategy
10.4 Baosteel Group
10.4.1 Company Overview
10.4.2 Financial Overview
10.4.3 Product/Service Offering
10.4.4 Strategy
10.5 Samuel, Son & Co.
10.5.1 Company Overview
10.5.2 Financial Overview
10.5.3 Product/Service Offering
10.6 Hitachi Metal, Ltd
10.6.1 Company Overview
10.6.2 Financial Overview
10.6.3 Product/Service Offering
10.6.4 Strategy
10.7 Eramet SA
10.7.1 Company Overview
10.7.2 Financial Overview
10.7.3 Product/Service Offering
10.7.4 Strategy
10.8 Schmiedewerke Gröditz
10.8.1 Company Overview
10.8.2 Financial Overveiw
10.8.3 Product/Service Offering
10.8.4 Strategy
10.9 Universal Stainless
10.9.1 Company Overview
10.9.2 Financial Overview
10.9.3 Products Offering
10.9.4 Strategy
10.1 QiLu Special Steel Co,.Ltd
10.10.1 Company Overview
10.10.2 Financial Overview
10.10.3 Product/Service Offering
10.10.4 Strategy
10.11 Hudson Tool Steel Corporation
10.11.1 Company Overview
10.11.2 Financial Overview
10.11.3 Product/Service Offering
10.11.4 Strategy
10.12 GERDAU S.A
10.12.1 Company Overview
10.12.2 Financial Overview
10.12.3 Product/Service Offering
10.12.4 Strategy
10.13 Pennsylvania Steel Company
10.13.1 Company Overview
10.13.2 Financial Overview
10.13.3 Product/Service Offering
10.13.4 Strategy

The post Global Tool Steel Market – Trends & Forecast, 2017-2023 first appeared on CRI Report.

Source: MRFR Analysis

Among the different types of steel such as flat & long, flat steel majorly consumed in all the end-use industries. In 2016, flat steel accounted for 85% of the overall steel consumption.
Regional Analysis
Based on geography, the global steel market is classified as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Among the aforementioned regions, Asia Pacific accounted for the largest share of the global steel consumption. The region dominated the global market with 67% share of the overall market in 2016. Factors such as rising passenger car production and increasing construction investment in 2016 are anticipated to contribute to domestic market growth. Country wise, China is the leading producer and consumer of flat steel. Asia Pacific market is followed by Europe in terms of market share. Other emerging regions such as Latin America and the Middle East & Africa are likely to witness a healthy growth.
Segmentation
The steel market is categorized on the basis of type, application, and region. On the basis of the type, the market is bifurcated into long steel and flat steel. Among these, the flat steel accounted for around 85% share of the market in overall steel sales revenue and is expected to retain its dominance due to wide utilization in building & construction sector. On the basis of the application, the market is segmented into building & construction, automotive, mechanical equipment, metal products, other transportation, electrical appliances, and domestic appliances. On the basis of the region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Key Players
Some of the key players operating in the global steel market are ArcelorMittal, POSCO, SHAGANG GROUP Inc, NIPPON STEEL & SUMITOMO METAL CORPORATION, China BaoWu Steel Group Corporation Limited, HBIS GROUP, Tata Steel, Nucor, HYUNDAI STEEL, ChinaSteel, Maanshan Iron & Steel Company Limited, ThyssenKrupp AG, JFE Steel Corporation, JSW, and JIANLONG GROUP among others.
Geographic Analysis
The report covers brief analysis of geographical region such as:
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K
o Russia
o France
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Mexico
o Rest of Latin America
• Middle East & Africa
o Turkey
o Iran
o Rest of the Middle East & Africa

.
Key Findings
Global steel market consumption was estimated to peg at 1,518.39 million tonnes in 2016. Building & construction sector accounted for the largest application segment, which held 51% share in 2016. The segment is projected to exhibit CAGR of 2.59% over the forecast period. Asia Pacific is the largest and fastest growing market, which accounted for 67.2% in the overall market in 2016. Country wise, China is the largest producer of steel owing to the high concentration of steel producers in the region. Moreover, China is also a leading consumer owing to high demand in the automotive and construction industries. Above 50% of the total production capacity, flat steel product is owned by major twenty players in the market. ArcelorMittal Group is the leading producer with the highest production capacity for flat and long steel products.

Intended Audience
• Steel manufacturers
• Traders and distributors of steel
• Production process industries
• Potential investors
• Raw material suppliers
DC –Description
• Steel rod
• Steel metal
• Steel supply
• Tubular steel
• Steel sections
• Hot rolled steel
• Stainless steel grades
• Cheap steel
• Alloy steel
Steel is a high strength alloy of iron, which is produced by impregnating iron with carbon. It has superior strength bearing and mechanical properties. Such high strength alloys are used in a number of end-use industries such as building & construction, electrical appliances, domestic appliances, oil & gas, and automotive. Among such applications, building & construction and automotive are the leading applications, where steel used prominently. The construction industry accounted for around 50%in the overall steel consumption in 2016.
Some of the prominent factors influencing the global steel demand are increasing automotive production across the globe, growing investment in building & construction sector. Building & construction is the leading end-use industry for steel. Owing to high strength and susceptibility to high mechanical stresses, steel is majorly used in the structural application. Mild steel has high architectural capabilities and has relatively high availability in the market. With the growing population and increasing disposable income, investments in the building & construction sector are on the rise in the emerging regions across the globe. This is anticipated to drive the global steel demand. Moreover, automotive is the second largest consumer after building & construction industry. Steel is consumed in OEM as well as automotive component manufacturing industry. Although steel components are being replaced by plastic component due to lightweight trend, inculcation of high strength steel (HSS) is estimated to fuel the steel demand in the automotive industry.
FIGURE 1 Global Steel Market, by Type, 2016 (%)

Source: MRFR Analysis

Among the different types of steel such as flat & long, flat steel majorly consumed in all the end-use industries. In 2016, flat steel accounted for 85% of the overall steel consumption.
Regional Analysis
Based on geography, the global steel market is classified as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Among the aforementioned regions, Asia Pacific accounted for the largest share of the global steel consumption. The region dominated the global market with 67% share of the overall market in 2016. Factors such as rising passenger car production and increasing construction investment in 2016 are anticipated to contribute to domestic market growth. Country wise, China is the leading producer and consumer of flat steel. Asia Pacific market is followed by Europe in terms of market share. Other emerging regions such as Latin America and the Middle East & Africa are likely to witness a healthy growth.
Segmentation
The steel market is categorized on the basis of type, application, and region. On the basis of the type, the market is bifurcated into long steel and flat steel. Among these, the flat steel accounted for around 85% share of the market in overall steel sales revenue and is expected to retain its dominance due to wide utilization in building & construction sector. On the basis of the application, the market is segmented into building & construction, automotive, mechanical equipment, metal products, other transportation, electrical appliances, and domestic appliances. On the basis of the region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Key Players
Some of the key players operating in the global steel market are ArcelorMittal, POSCO, SHAGANG GROUP Inc, NIPPON STEEL & SUMITOMO METAL CORPORATION, China BaoWu Steel Group Corporation Limited, HBIS GROUP, Tata Steel, Nucor, HYUNDAI STEEL, ChinaSteel, Maanshan Iron & Steel Company Limited, ThyssenKrupp AG, JFE Steel Corporation, JSW, and JIANLONG GROUP among others.
Geographic Analysis
The report covers brief analysis of geographical region such as:
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K
o Russia
o France
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Mexico
o Rest of Latin America
• Middle East & Africa
o Turkey
o Iran
o Rest of the Middle East & Africa

.
Key Findings
Global steel market consumption was estimated to peg at 1,518.39 million tonnes in 2016. Building & construction sector accounted for the largest application segment, which held 51% share in 2016. The segment is projected to exhibit CAGR of 2.59% over the forecast period. Asia Pacific is the largest and fastest growing market, which accounted for 67.2% in the overall market in 2016. Country wise, China is the largest producer of steel owing to the high concentration of steel producers in the region. Moreover, China is also a leading consumer owing to high demand in the automotive and construction industries. Above 50% of the total production capacity, flat steel product is owned by major twenty players in the market. ArcelorMittal Group is the leading producer with the highest production capacity for flat and long steel products.

Intended Audience
• Steel manufacturers
• Traders and distributors of steel
• Production process industries
• Potential investors
• Raw material suppliers
DC –Description
• Steel rod
• Steel metal
• Steel supply
• Tubular steel
• Steel sections
• Hot rolled steel
• Stainless steel grades
• Cheap steel
• Alloy steel

Table of Contents:

1 Report Prologue
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.3 Research Objectives
2.3.1 Assumptions
2.3.2 Limitations
2.4 Markets Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Growing Automotive Production
4.2.2 Growing investments in construction industry
4.3 Restraints
4.3.1 Growing Usage Of Alternative Automotive Lightweighting Materials, Owing To Increasing Fuel Efficiency Standards
4.4 Mega Trends
4.4.1 Increasing demand of high quality long products, and high strength lightweight steel
4.5 Opportunity
4.5.1 Growing steel demand in India construction industry
5 Market Factor Analysis
5.1 Supply Chain Analysis
5.1.1 Steel Miners
5.1.2 Steel Producers/Steel Processors
5.1.3 End-Users
5.2 Porter’s Five Forces Analysis
5.2.1 Threat from New Entrants (Moderate)
5.2.2 Bargaining Power of Buyers (Moderate)
5.2.3 Bargaining Power of Supplier (Low)
5.2.4 Threat from Substitutes (High)
5.2.5 Threat of rivalry (High)
5.3 Pricing Analysis
6 Competitive Landscape
6.1 Introduction
6.2 Market Strategy Analysis
6.3 Key Developments of Market Players
6.3.1 Installed Plants, by Company
6.3.1.1 World’s largest Flat Product Producer, by Capacity
6.3.1.2 World’s largest Steel Long Product Producer, by Capacity
6.4 Key Developments & Strategies
6.5 Investment Outlook
6.5.1 Construction Spending
7 Company Profiles
7.1 ArcelorMittal
7.1.1 Company Overview
7.1.2 Financials
7.1.3 Products
7.1.4 Strategy
7.1.5 Key Developments
7.2 POSCO
7.2.1 Company Overview
7.2.2 Financials
7.2.3 Products
7.2.4 Strategy
7.2.5 Key Developments
7.3 Shangang Group
7.3.1 Company Overview
7.3.2 Financials
7.3.3 Products
7.3.4 Strategy
7.3.5 Key Developments
7.4 NSSMC Group
7.4.1 Company Overview
7.4.2 Financials
7.4.3 Products
7.4.4 Strategy
7.4.5 Key Developments
7.5 China Baowu Group
7.5.1 Company Overview
7.5.2 Financials
7.5.3 Products
7.5.4 Strategy
7.5.5 Key Developments
7.6 HBIS Group
7.6.1 Company Overview
7.6.2 Financials
7.6.3 Products
7.6.4 Strategy
7.6.5 Key Developments
7.7 Tata Steel Group
7.7.1 Company Overview
7.7.2 Financials
7.7.3 Products
7.7.4 Strategy
7.7.5 Key Developments
7.8 Nucor Corporation
7.8.1 Company Overview
7.8.2 Financials
7.8.3 Products
7.8.4 Strategy
7.8.5 Key Developments
7.9 Hyundai Steel Company
7.9.1 Company Overview
7.9.2 Financials
7.9.3 Products
7.9.4 Strategy
7.9.5 Key Developments
7.1 China Steel Corporation
7.10.1 Company Overview
7.10.2 Financials
7.10.3 Products
7.10.4 Strategy
7.10.5 Key Developments
7.11 JIANLONG GROUP
7.11.1 Company Overview
7.11.2 Financials
7.11.3 Products
7.11.4 Strategy
7.11.5 Key Developments
7.12 Maanshan Steel
7.12.1 Company Overview
7.12.2 Financials
7.12.3 Products
7.12.4 Strategy
7.12.5 Key Developments
7.13 Thyssenkrup
7.13.1 Company Overview
7.13.2 Financials
7.13.3 Products
7.13.4 Strategy
7.13.5 Key Developments
7.14 JFE Steel Corporation
7.14.1 Company Overview
7.14.2 Financials
7.14.3 Products
7.14.4 Strategy
7.14.5 Key Developments
7.15 JSW Steel Limited
7.15.1 Company Overview
7.15.2 Financials
7.15.3 Products
7.15.4 Strategy
7.15.5 Key Developments
8 Conclusion

The post Global Steel Market Research Report – Forecast to 2023 first appeared on CRI Report.

Steel products refer to materials of various shapes, sizes and performances through pressure process of steel ingot, billet or steel. Steel product is a kind of important industrial and construction materials, of which the quantity demanded is closely related to the economic situation. The demand for steel products rises with the development of economy, which enhances the price of steel products and vice versa. In 2015, the increase of China’s GDP slowed down with the growth of 6.9% YOY. Industries above designated size increased by 6.1% compared to 2014. With the proceeding of economic structural adjustments in China, steel industry will face huge challenges. In 2015, the output volume of steel products reached approximately 1,123 million tons in China declining by 0.15% compared to 2014, which dropped for the first time in the past 34 years.

Major leading enterprises are state-holding enterprises with large scale which possess a complete set of supply-production-sale system through mergers. In terms of output volume, CR5 of 2015 was only about 8.6%. However, there are numerous small-sized private enterprises. Therefore, China steel industry is a fully competitive industry.

The major material of steel product manufacture is iron ore. The import of iron ore in China highly depends on foreign countries. In 2015, China imported 953 million tons of iron ore with an increase of 2.2% compared to 2014, which accounted for 81% of the national demand for iron ore. Therefore, the price trend of imported iron ore exerted a huge impact on the profit margin of steel product manufacturers. From 2013 on, the price of imported iron ore continued to fall. The price of iron ore imported by China in the second half of 2015 declined by more than a half compared to that in the first half of 2013. The decline is conducive to decreasing the costs of steel manufacturers so as to increase the profit margin.

In the next few years, it is predicted that the economic growth of China will continue to decline. However, the annual growth rate is expected to maintain about 6%. With the implementation of such strategies as One Belt and One Road, Made in China 2025 and Yangtze River Economic Belt, there will emerge certain demand for steel products, which will bring in new opportunities for the development of China steel industry. In recent years, steel products exported by China increased rapidly. In 2015, China exported 112.4 million tons of steel products with an increase of 19.9% YOY. The increase of exported steel products was stimulated by the international demand for steel products, which reflected the strengthening competitiveness of Chinese steel products in the international market. In spite of many trade barriers, the steel products exported by China are expected to keep increasing with huge price advantages, which will become one of the key factors in the development of China steel industry.

Through this report, the readers can acquire the following information:

-Definition and Classification of Steel Products

-Research Methods, Parameters and Assumptions

-Analysis on Competition in China Steel Industry

-Analysis on Leading Enterprises of China Steel Industry

-Development Opportunities and Driving Forces Faced by China Steel Industry

-Risks and Challenges Faced by the Development of China Steel Industry

-Analysis on Prices of Raw Materials and Products in China Steel Industry

Table of Contents

1 Relevant Concepts of Steel Industry

1.1.1 Definition

1.1.2 Classification

1.2 Parameters and Assumptions

1.2.1 Assumption Base

1.2.2 Data Sources

2 Analysis on Environment of China Steel Industry, 2011-2015

2.1 Development Environment

2.1.1 Economic Environment

2.1.2 Policy Environment

2.2 Analysis on Supply

2.3 Analysis on Demand

3 Competition Status of China Steel Industry, 2013-2015

3.1 Barriers to Entry of China Steel Industry

3.1.1 Policy Barriers

3.1.2 Fund Barriers Faced by China Steel Industry

3.2 Competition Structure of China Steel Industry

3.2.1 Bargaining Ability of Raw Material Suppliers

3.2.2 Bargaining Ability of Clients

3.2.3 Internal Competition of the Industry

3.2.4 Potential Entrants

3.2.5 Substitutes

4 Analysis on Top 5 Steel Manufacturers in China, 2013-2015

4.1 Hebei Iron & Steel Co., Ltd.

4.1.1 Enterprise Profile of Hebei Iron & Steel Co., Ltd.

4.1.2 Analysis on Output Volume and Sales of Steel Products in Hebei Iron & Steel Co., Ltd.

4.2 Baosteel Group Corporation

4.2.1 Enterprise Profile of Baosteel

4.2.2 Analysis on Output Volume and Sales of Steel Products in Baosteel

4.3 Angang Steel Co., Ltd.

4.3.1 Enterprise Profile of Angang Steel Co., Ltd.

4.3.2 Analysis on Output Volume and Sales of Steel Products

4.4 Wuhan Iron and Steel Co., Ltd.

4.4.1 Enterprise Profile of Wuhan Iron and Steel Co., Ltd.

4.4.2 Analysis on Output Volume and Sales of Steel Products in WISCO

4.5 Maanshan Iron & Steel Co., Ltd.

4.5.1 Enterprise Profile of Maanshan Iron & Steel Co., Ltd.

4.5.2 Analysis on Output Volume and Sales of Steel Products in Maanshan Iron & Steel Co., Ltd.

5 Analysis on Prices of Raw Materials and Sales of Products in China Steel Industry, 2013-2015

5.1 Analysis on Prices of Raw Materials in China Steel Industry, 2013-2015

5.1.1 Analysis on Price of Iron Ore

5.1.2 Price of Coke

5.2 Analysis on Price of Steel in China, 2013-2015

6 Prediction on China Steel Industry, 2016-2020

6.1 Factors Influencing the Development of China Steel Industry

6.1.1 Major Driving Forces and Market Opportunities in China Steel Industry

6.1.2 Risks and Challenges Faced by China Steel Industry

6.2 Forecast on Supply of Steel Products in China

6.3 Forecast on Market Demand in China, 2016-2020

Selected Charts

Chart Classification of Steel Products by Material

Chart Gross Output Value of China Construction Industry, 2011-2015

Chart Policy, Laws and Regulations Concerning China Steel Industry

Chart Output Volume of Steel Products in China, 2011-2015

Chart Consumption Volume of Steel Products in China, 2011-2015

Chart Major Steel Manufacturers and Their Market Share in China, 2013-2015

Chart Output Volume of Steel Products in Hebei Iron & Steel Co., Ltd., 2013-2015

Chart Output Volume of Steel Products in Baosteel, 2013-2015

Chart Analysis on Sales of Steel Products in Baosteel, 2013-2015

Chart Output Volume of Steel Products in Angang, 2013-2015

Chart Output Volume of Steel Products in Wuhan Iron and Steel Co., Ltd., 2013-2015

Chart Analysis on Sales of Steel Products in Wuhan Iron and Steel Co., Ltd., 2013-2015

Chart Analysis on Sales of Steel Products in Maanshan Iron & Steel Co., Ltd., 2013-2015

Chart Price Trend of Imported Iron Ore in China, 2013-2015

Chart Factory Price of Coke in China, 2013-2015

Chart Aggregative Price Index of Steel Products in China, 2013-2015

Chart Aggregative Price Index of Long Products in China, 2013-2015

Chart Aggregative Price Index of Hot Rolled Coils in China, 2013-2015

Chart Forecast on Output Volume of Steel Products in China, 2016-2020

Chart Forecast on Demand for Steel Products in China, 2016-2020

The post China Steel Industry Overview, 2011-2020 first appeared on CRI Report.