Structural Steel Industry Global 2018-2024 Report with Market Forecasts Released

An 800 pages report on structural steel industry published in 2018 is now available with and it offers market data by products, applications, 35+ countries and 40 companies from across the globe.


Structural steel industry companies like AK Steel Holding Corporation, British Steel, JFE Steel Corporation, Voestalpine AG, Severstal, SSAB AB, ArcelorMittal S.A., Nippon Steel & Sumitomo Metal Corporation, POSCO, VISA Steel, Steel Authority of India Limited, Anyang Iron & Steel Group Co., Ltd., Baosteel Company, Tata Steel, China Steel Corporation, Novolipetsk Steel, Evraz Group, Hyundai Steel Co., Ltd. (HSC), Wuhan Iron & Steel (Group) Corp., Shaaban Group, Gerdau Steel India Pvt. Ltd., Steel Limited, Shagang Group Company Limited, Hesteel Group Company Limited, Maanshan Iron and Steel Company, Nucor Corporation, Nanjing Iron & Steel United Co., Ltd., Erdemir Group, Hunan Valin Iron & Steel Group Co., Ltd., HBIS Group Co. ltd, Liberty OneSteel Manufacturing, Gunung Steel Group, Jindal Steel and Power Ltd., Salzgitter AG, Stahlwerk Thuringen GmbH, AFV Acciaierie Beltrame SpA, Duferdofin-Nucor Srl, Riva Fire SpA, Celsa Cia Espanola de Laminacion SL and POSCO SS Vina are profiled in this research.


The coverage of structural steel industry products in this report includes Heavy Structural Steel [Angle [L Shaped], Bearing Pile [H Shaped], Channel [C Shaped], I Beam [ I Shaped], Tee [T Shaped], Pipe, Hollow Steel Section [HSS]), Light Structural Steel [Angle [L Shaped], Bearing Pile [H Shaped], Channel [C Shaped], I Beam [ I Shaped], Tee [T Shaped], Pipe, Hollow Steel Section [HSS]) and Rebar. Data and information are provided for applications of structural steel in Residential, Non Residential [Commercial, Institutional, Offices, Hospital], Industrial [Energy Development {Onshore Structure, Offshore Structure}], Station & Hangers and Bridges. Country level numbers on structural steel market are covered for U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Poland, Sweden, Netherlands, Belgium, Hungary, Romania, Luxembourg, China, India, Japan, South Korea, Australia, New Zealand, Malaysia, Thailand, Vietnam, Indonesia, Brazil, Argentina, Venezuela, Chile, Turkey, Saudi Arabia, UAE, Iran , South Africa, Egypt and Algeria.


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Growing residential & non-residential buildings along with rising number of manufacturing facilities globally is another factor likely to drive structural steel industry. Iron and carbon are the main constituents used in manufacturing of structural steels. These products are extensively used for construction of transmission line towers, buildings, and manufacturing sheds. They are manufactured in numerous shapes and sizes including, angle (L-shape), I-beam, hollow structural section (HSS), T-shaped shape and Z-shape.


U.S. may witness gains at over 5% by 2024 from energy development application of structural steel. These products are extensively used in numerous energy sector including nuclear, electric & natural gas and wind power plants and rigs with application in construction of transmission towers, oil and gas wells, transformer cores and pipelines. Increasing energy company activities to produce oil & gas, coal and renewable fuels are likely to fuel construction sector, therefore driving structural steel industry product demand. 

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UK structural steel market size from bridges is poised to witness gains at over 4% by 2024, owing to growing bridge construction for road, rail and sewer projects which is likely to support industry growth over the forecast timeframe. Initiations of major tunnel infrastructure projects and advancements in numerous london underground stations are projected to boost this regional structural steel industry.


Regionally, China structural steel market from I shaped heavy sections is projected to surpass USD 16 billion by 2024. I-beams are most widely used sections owing to their high strength and their applicability to create spacious and large rooms with slight support channels. Growing revamp activities in the region is likely to foster product demand as these beams are used to replace old structural channels with new ones. Its increasing usage in construction of frames for elevators, trolley truck beds, and trailer is likely to have a positive outlook on structural steel industry size.


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On a similar note, another study titled World Structural Steel Market Research Report 2022 (covering USA, Europe , South East Asia, China, India and etc ) provides the newest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability.  This structural steel industry report lists the leading competitors and provides the insights strategic industry analysis of the key factors influencing the market. The report includes the forecasts, analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading industry players.


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