Iron And Steel Mills And Ferroalloy Manufacturing Global Market Report 2018

Iron And Steel Mills And Ferroalloy Manufacturing Global Market Report 2018
Starting Price : $ 4000.00 | Pages : 125 | Published : February 2018

SKU CODE : 3074 | Format :

The iron and steel mills and ferroalloy manufacturing industry includes companies carrying out activities such as reduction of iron ore, transforming pig iron into steel, and producing molten or solid pig iron, steel, steel and forming pipe and tube, electrometallurgical ferroalloys, and steel and manufacturing shapes such as bar, plate, rod, sheet, strip, and wire. Ferroalloys include pure elements and iron-rich alloys that are added while manufacturing steel to improve or alter the characteristics of the metal. Elements added to process iron and steel mills include silicon and manganese for carbon steel and chromium, vanadium, tungsten, titanium, and molybdenum for low- and high-alloy metals .

Asia Pacific was the largest region in the iron and steel mills and ferroalloy manufacturing market in 2017, accounting for 67% market share. This was mainly due to high demand from the construction industry and the presence of a large number of manufacturing companies in countries such as China and India that had a positive influence on the region’s metals market. Eastern Europe was the second largest region accounting for 8% market share. Africa was the smallest region accounting for 4% market share.

Global steelmakers are gradually shifting from blast furnace to EAF to manufacture steel. EAF requires much lower investment and offers higher efficiency compared to a blast furnace. The use of EAF enables steelmakers to produce steel from 100% scrap metal feedstock, reducing the overall energy consumed to produce steel as compared to steel made from ores. To capitalize on this, steel manufacturers are replacing blast furnaces with EAFs in their steel plants. For instance, in January 2014, U.S. Steel applied for permits to replace a blast furnace at its Alabama plant with an EAF that is expected to be operational by 2017 .
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