Research and Markets - Global Steel Long Products Market to Grow at a CAGR of 2.9% by 2021 - Key Vendors are ArcelorMittal, EVRAZ, Gerdau, Shagang Group & NSSMC

19 June 2017

Research and Markets has announced the addition of the "Global Steel Long Products Market 2017-2021" report to their offering. The global steel long products market to grow at a CAGR of 2.97% during the period 2017-2021.

The report, Global Steel Long Products Market 2017-2021, 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.

One trend in market is increase in use of steel scrap. The use of scraped steel and iron is increasing to reduce the environmental concerns regarding carbon dioxide emissions. Recycling of scrap improves the industry's economic viability and reduces the environmental impact by eliminating the need for iron ore extraction for steel production. This decreases carbon dioxide emissions significantly, saves energy and water consumption, and reduces air pollution. On an average, 1.79 metric tons of carbon dioxide is saved for each metric ton of scrap steel. Steel scrap has, therefore, become the choice of raw material for steel long product producers. Thus, concern for global warming caused by the steel industry is driving the use of steel scrap for the production of steel long products.

According to the report, one driver in market is rising industrialization in APAC leading to demand for steel long products. APAC is the largest and fastest-growing market for steel long products worldwide. The rapid increase in industrialization and economic growth in countries like China, India, and Japan are key drivers of demand for steel long products in this region. For instance, the construction market in China is expected to rise to $2.49 trillion by 2019, growing at a CAGR of 12.14% during the forecast period. Steady economic development in China, India, Japan, Australia, and New Zealand has boosted industrial growth in APAC over the past few years.

Key vendors

•    ArcelorMittal
•    EVRAZ
•    Gerdau
•    Shagang Group
•    NSSMC

Other prominent vendors

•    Baosteel
•    Celsa Steel
•    Heilongjiang Jianlong Iron and Steel
•    Mechel
•    Riva Group

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by type

PART 07: Geographical segmentation

PART 08: Decision framework

PART 09: Drivers and challenges

PART 10: Market trends

PART 11: Vendor landscape

PART 12: Key vendor analysis

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