Iron And Steel Global Market Report 2023 – By Type (Iron, Steel), By Production Technology (Basic Oxygen Furnace, Electric Arc Furnace, Open Hearth, Other Production Technologies), By End User (Building And Construction, Automotive And Transportation, Heavy Industry, Consumer Goods) – Market Size, Trends, And Global Forecast 2023-2032

Steel products are products derived from steel and iron metal and its alloys obtained through the solidification of hot metal in a pig casting machine to produce various shapes, and are drawn through the rolling or drawing of purchased iron or steel and draw steel wire. The main types of steel products are rolled and drawn steel, iron, and steel pipe and tube. The rolled and drawn steel refer refers to the steel that is rolled out in metal casting. The different product types include flat steel, long steel, tubular steel, steel pipes, and steel tubes and are used in construction, automotive, energy, packaging, and other applications. The global steel products market is segmented - 1) By Type: Rolled and Drawn Steel, Iron and Steel Pipe and Tube 2) By Product Type: Flat Steel, Long Steel, Tubular Steel, Steel Pipes, Steel Tubes 3) By Application: Construction, Automotive, Energy, Packaging, Other Applications Subsegments Covered: Rolled Steel, Drawn Steel The global steel products market size grew from $433.83 billion in 2022 to $465.35 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of steel products is expected to grow to $608.35 billion in 2027 at a CAGR of 6.9%. Rapidly growing urban populations are expected to drive the demand for steel products in the forecast period. A large number of people living in rural areas are migrating to urban areas in search of a better life. This is expected to increase the need for housing and infrastructure. Infrastructure demand is expected to increase significantly in Asian countries such as China, India, Vietnam, and the Philippines. According to the World Urbanization Prospects Report by the United Nations, 55% of the world’s population lived in urban areas and the rate is expected to rise to 68% by 2050. According to the World Bank, the growth of urban population in South Asia grew by 130 million and is expected to grow to 250 million by 2030. Major companies in the steel products market include Angang Steel Company Limited, Steel Authority of India Limited, SSAB AB, Nucor Corp, Compagnie de Saint-Gobain S.A, Nippon Steel & Sumitomo Metal Corporation, Kobe Steel Ltd., Vallourec SA, Voestalpine AG, and Mechel PAO. The steel product manufacturing industry is being restrained by the rise in power tariffs. Globally, there are movements to increase the use of alternative sources of electric power such as solar, wind, and nuclear power. Initiatives by non-governmental organizations (NGOs), multilateral organizations, and many governments to increase the production and use of alternative sources of power and other economic factors cause a rise in overall power tariffs affecting different industries. The steel goods industry is an energy-intensive industry, and a rise in the power tariffs increases the production costs, affecting the steel product manufacturing market. Metal manufacturing companies are increasing R&D expenditure to launch new product lines. They are launching advanced products such as ultra-light alloys as opposed to commodities. For instance, according to the Ministry of Science and Technology, research and development report 2019-20, the national investment in R&D activities attained a level of Rs. 1,23,847.71 crore. Thus, the introduction of new product lines through increased R&D spending is a significant trend in the metal manufacturing industry. The Asia-Pacific was the largest region in the steel products market share in 2022. Western Europe was the second-largest region in the steel products market. The regions covered in the global steel products industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the steel products market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, Vietnam. The steel products market consists of sales of steel plates, steel wire rope, structural steel, hot-rolled steel, and cold-rolled steel. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The steel products market research report is one of a series of new reports from The Business Research Company that provides steel products market statistics, including steel products industry global market size, regional shares, competitors with a steel products market share, detailed steel products market segments, market trends and opportunities, and any further data you may need to thrive in the steel products industry. This steel products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Weathering steel refers to a group of low-carbon steels that contain atoms of extra alloying elements along with carbon and iron and develop a protective oxide film on their surface. They are used for exposed steel buildings because they outlast plain carbon steel in outdoor environments, eliminating the need for steel repainting and recoating on a regular basis. The main types of weathering steel are corten-A, corten-B, and others (a604, a606, etc.). Corton-A refers to weather-resistant steel being created by alloying copper, chromium, and nickel. Corten A has added phosphorous, which will make the material best suited for gas flue applications and for aesthetic facias. The material is not recommended for heavy load-bearing applications. Weathering steel is of various forms, such as plates, sheets, bars, and others (coils, rivets, stripes, tubes, etc.). They are available in different colors, including painted and unpainted. Weathering steel is used by end uses that include building and construction, transportation, art and architecture, and industrial uses (street lights). The global weathering steel market is segmented - 1) By Type: Corten-A, Corten-B, Other Types 2) By Form: Plates, Sheets, Bars, Other Forms 3) By Availability: Painted, Unpainted 4) By End Use: Building and Construction, Transportation, Art and Architecture, Industrial, Other End Use The global weathering steel market size will grow from $1.19 billion in 2022 to $1.31 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global weathering steel market size is expected to grow to $1.92 billion in 2027 at a CAGR of 10.1%. The rapidly growing construction and transportation industries are contributing to the growth of the weathered steel market. Weathering steel is being used in several architectural and sculpture applications owing to its key material features like improved corrosion resistance, longer shelf life, good aesthetic appeal, high strength, and low maintenance. For instance, according to the Ministry of Statistics and Programme Implementation, the construction sector will grow at 10.7% in FY 2022, a rebound from a contraction of 8.6% in 2021, aided by the base effect and a projected 9.2% growth. Similarly, according to Wolters Kluwer data 2021, the global transportation industry is expected to grow at a rate of 3.4% through 2027. Thus, the rapidly growing construction and transportation industries will drive the growth of the weathered steel market. Major players in the weathering steel market are Arcelor Mittal, United States Steel Corporation, Nippon Steel & Sumitomo Metal Corporation, Tata Steel Ltd., Posco, SSAB AB, JFE Steel Corporation, Bluescope Steel Limited, HBIS Group, A. Zahner Company, Metal Sales Manufacturing Corporation, Henan Gang Iron and Steel Co. Ltd., Masteel UK, Cascadia Metal, Triton, and Amardeep Steel. Technological advancement is a key trend gaining popularity in the weathered steel market. ArcelorMittal Europe Long Products, for example, launched RailCor® in 2021, a new range of corrosion-resistant rails for protecting against severe corrosion environments, whether the rails are installed inside tunnels, city centers, or coastal areas, for example, to face demanding corrosion challenges, fight specific corrosion, or even protect the rails during shipment. RailCor® was developed by ArcelorMittal Global R&D and has been tested in accelerated corrosion tests using a variety of systems. Under the most severe conditions, the selected solutions were tested for more than 2 years on real tracks. In January 2021, US Steel, a US-based integrated steel producer, acquired Big River Steel for a deal of $774 million. This acquisition is fully expected to generate profitable growth in 2021 and enable a more nimble, innovative, and cost-effective company across the business cycle. Big River Steel is a US-based manufacturer of steel. Big River Steel operates the most advanced, state-of-the-art sustainable mill in North America, and this acquisition will strengthen US Steel's position in highly strategic steel end-markets. Asia-Pacific was the largest region in the weathering steel market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the weathering steel market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Weathering Steel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The weathering steel market consists of sales of STM A588, A242, A606-4, and Corten.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The weathering steel market research report is one of a series of new reports from The Business Research Company that provides weathering steel market statistics, including weathering steel industry global market size, regional shares, competitors with weathering steel market shares, detailed weathering steel market segments, market trends and opportunities, and any further data you may need to thrive in the weathering steel industry. This weathering steel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Steel fiber refers to steel strips with short ends that have been specially manufactured to strengthen the concrete by resisting tensile cracking and are used to replace traditional reinforcement in certain non-structural applications as well as minimize cracking by providing good impact strength, high load-bearing capability after being cracked, good ductility, and high resistance. The steel fiber market covered in this report is segmented by type into hooked; straight; deformed; crimped. Hooked steel fiber quality base steel bar has excellent mechanical properties, including high tensile strength. The hooked steel fiber is in large demand in the construction industries in comparison to other types. The market is segmented by application: concrete reinforcement; composite reinforcement; and refractories. The various end user segments are: polymer; chemical; pharmaceutical; aircraft/maritime/machine; measuring & instrumentation devices; and others. The global steel fiber market is segmented – 1) By Type: Hooked, Straight, Deformed, Crimped 2) By Application: Concrete Reinforcement, Composite Reinforcement, Refractories 3) By End User: Polymer, Chemical, Pharmaceutical, Aircraft/Maritime/Machine, Measuring & Instrumentation Devices, Other End-Users The global steel fiber market size will grow from $2.04 billion in 2022 to $2.23 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global steel fiber is expected to grow to $3.26 billion in 2027 at a CAGR of 9.9%. Growth in the construction industry is expected to propel the growth of the steel fiber market. The construction industry deals with the building of houses, bridges, and other buildings. Steel fiber is widely used in construction and civil engineering materials due to its superior properties such as high impact resistance, greater fatigue survival, long lifespan, and reduced maintenance costs. It is used in many applications, such as parking lots, playgrounds, airport runways, taxiways, maintenance hangars, access roads, and workshops. According to the World Bank and McKinsey estimates, the global expenditure from the construction industry is expected to grow by 47%, reaching $14 trillion by 2025. Therefore, rapid growth in the construction industry drives the steel fiber market. Major players in the steel fiber market are Arcelor Mittal, Bekaert, Fibrometals, Nippon Seisen, Zhejiang Boean Metal Products, Green Steel group, Spajic Doo, Hunan Susshine Steel Fiber, YuthianZhitai Steel fiberMnufacturing, R.STAT, Ugitech S.A, Intra Micron Inc., Kosteel Co. Ltd., Junwei Metal Fiber, MaccaferriSpA, The Euclid Chemical Company, Henan Green Polymer Co. Ltd., Nycon, Jiangsu Daqi Metal Surface Treatment Co. Ltd., Fabpro Polymers, Cangzhou Daye Metal Fiber Co. Ltd., Onward Chemicals Pvt. Ltd., Ribbon Technology Corporation, Fibercon International Inc., and Onward Chemicals Pvt. Ltd. Strategic collaborations between companies are a key trend gaining popularity in the steel fiber market. Companies manufacturing steel fiber are undergoing partnerships and collaborations to develop new technologies and products. For instance, in 2020, N.V. Bekaert S.A., a Belgium-based provider of steel wire transformation and coatings, announced a significant collaboration investment in CCL, a UK-based company that is providing specialized engineered solutions for structures around the world. This collaboration is aimed at commercialising a new concrete reinforcing system for on-grade and elevated slab applications. In January 2022, Nippon Steel Corporation, a Japan-based company that manufactures steel products such as steel plates, steel pipes, and structural steel, acquired G.J. Steel and G. Steel for $763 million. Through this acquisition, Nippon Steel Corporation intends to create value by combining expertise and resources in offering existing and new steel fiber products and solutions to the market. The GJ Steel Public Company Limited is a Thailand-based company engaged in producing and selling hot-rolled steel sheets in coils. Asia-Pacific was the largest region in the steel fiber market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the steel fiber market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Steel Fiber market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The steel fibermarket consists of sales of single hooked, wad, crescent, and straight. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The steel fiber research market report is one of a series of new reports from The Business Research Company that provides steel fiber statistics, including steel fiber industry global market size, steel fiber market regional shares, competitors with steel fiber share, detailed steel fiber market segments, market trends and opportunities, and any further data you may need to thrive in the steel fiber industry. This steel fiber research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A steel roof refers to a type of roofing system that is made up of steel pieces or tiles. Steel roofing is particularly engineered to last longer than any other roofing material. The installation of the steel roofs offers aesthetics, energy efficiency, and durability, and prevents leaks. The steel roofs can be recycled. The main types of steel roofing are color-coated roofing sheets, galvanized sheets, curving sheets, tile roof sheets, and other types. Color-coated roofing sheets are coated with different colors via a chemical process. The construction types are new construction and renovation. They are used by the end user are residential, commercial, agricultural, and industries. The global steel roofing market is segmented - 1) By Type: Color Coated Roofing Sheets, Galvanized Sheets, Curving Sheets, Tile Roof Sheets, Other Types 2) By Construction Type: New Construction, Renovation 3) By End User: Residential, Commercial, Agricultural, Industrial The global steel roofing market size grew from $4.15 billion in 2022 to $4.26 billion in 2023 at a compound annual growth rate (CAGR) of 2.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global steel roofing is expected to grow to $4.56 billion in 2027 at a CAGR of 1.7%. An increase in investments in the construction of residential buildings is expected to propel the growth of the steel roofing market going forward. A residential building refers to a building that is constructed for accommodation purposes and is used for normal residential purposes, with or without cooking or dining facilities. This construction includes one or more family dwellings, lodging, or rooming houses. Steel roofing material is used in the construction of residential buildings to cover the rooftops, and it lowers the cost of construction. For instance, according to Invest India, an India-based investment advisory, in the year 2021, foreign direct investment (FDI) in the construction development sector and construction activities stood at $26.16 billion. Infrastructure activities are contributing 13% share of the total Foreign Direct Investment (FDI) inflows, which is $81.12 billion. Therefore, an increase in investments in the construction of residential buildings is driving the growth of the steel roofing market. Major players in the steel roofing market are Metal Sales Manufacturing Corporation, Jinhu Color Aluminum Group, Ideal Roofing Co Ltd., Reed’s Metals Inc., ATAS International Inc., DECRA Roofing Systems Inc., Firestone Building Products, Carlisle SynTec Systems, BlueScope Steel Limited, The OmniMax International Inc., Tata Steel, ABC Supply Co Inc., Corner Stone Building Brands, Bilka, Mcelroy Metals, Nucor building systems and Safal group. Product innovations are the key trend gaining popularity in the steel roofing market. Major companies operating in the market are introducing new product innovations. For instance, in January 2021, ProVia, a US-based manufacturer of doors and roofing, launched a new metal roofing product line. The new metal roofing products from the company combine the elegance and beauty of slate or cedar shakes with the toughness and lifespan of a highly engineered galvanised steel roof system. ProVia's metal panels are 10% thicker than the industry standard (28-30 gauge), using 26-gauge (G90) hot-dipped galvanised steel, and weigh up to three times less than asphalt shingles. With a lifetime warranty on coating integrity and a 40-year warranty on chalking and fading, the unique GalvaTecTM four-part Kynar paint system offers long-lasting performance. In February 2022, Tata Steel, an India-based manufacturer of steel and steel equipment, acquired NINL (Neelachal Ispat Nigam Limited) for a deal amount of $1.6 billion. The acquisition aims to expand largely in the steel plant, iron ore reserves, and the land acreage that can accommodate capacity expansions for Tata Steel. Neelachal Ispat Nigam Limited is an India-based government company that manufactures steel rods and roof sheets. Western Europe was the largest region in the steel roofing market size in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the global steel roofing industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the steel roofing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The steel roofing market consists of sales of weathering steel, galvanized and galvalume steel roofs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The steel roofing market research report is one of a series of new reports from The Business Research Company that provides steel roofing market statistics, including steel roofing industry global market size, regional shares, competitors with a steel roofing market share, detailed steel roofing market segments, market trends and opportunities, and any further data you may need to thrive in the steel roofing industry. This steel roofing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Electrical steel refers to a ferromagnetic material made up of iron that contains varying amounts of silicon (Si) that range from 1% to 6.5%. It is a soft magnetic material with enhanced electrical properties that are widely used across applications such as small relays, solenoids, electric motors, generators, and many other electromagnetic devices. The main types of electrical steel include grain-oriented and non-grain-oriented. Grain-oriented electrical steel is used in efficient transformers and large, high-performance generators. Grain oriented electrical steel contains 3% silicon steel that is processed under carefully controlled conditions and is used in transformers and generators. Electrical steel is used in different industries such as energy, automotive, household appliances, and manufacturing for applications in large power transformers, distribution transformers, small transformers, power generators, and audio transformers. The global electrical steel market is segmented - 1) By Type: Grain-Oriented, Non-Grain-Oriented 2) By Industry: Energy, Automotive, Household Appliances, Manufacturing 3) By Application: Large Power Transformers, Distribution Transformers, Small Transformers, Power Generators, Audio Transformers The global electrical steel market size will grow from $26.47 billion in 2022 to $28.3 billion in 2023 at a compound annual growth rate (CAGR) of 6.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global electrical steel is expected to grow to $36.9 billion in 2027 at a CAGR of 6.9%. Increasing demand for electric and hybrid vehicles is significantly contributing to the growth of the electrical steel market. Electrical steel has high flux density and low iron loss properties, and is thus used in electric motors to realise high motor efficiency. For instance, in countries like China, the US, and Europe, the sales of electric cars increased by nearly 160% in the first half of 2021 over 2020 in the same period. According to research firm Wards Intelligence, US hybrid vehicle sales in 2021 jumped 76% over the previous year. Thus, increasing demand for electric and hybrid vehicles will contribute to the growth of the electric vehicle market. Major players in the electrical steel market are ThyssenKrupp AG, TISCO, Nippon Steel, Posco, JFE Steel, Nicore Electrical Manufactory Co. Ltd., Voestalpine, ArcelorMittal, AK Steel (Cleveland-Cliffs), SAIL, Cogent Power Ltd., Tempel Steel Company, Phoenix Mecano AG, JFE Steel Corporation, Leicong Industrial Co., Ltd., United States Steel Corporation, Novolipetsk Steel and Allegheny Technologies Inc.,. The increasing development of sustainable products is a key trend gaining popularity in the electric steel market. Companies in the market are focusing on manufacturing electric steel that is environmentally friendly and emits fewer greenhouse gases. For instance, in 2022, Germany-based steel manufacturer, ThyssenKrupp AG, developed electric steel with 50% lower CO2 emissions for use in power and distribution transformers. The low-emission electric steel has low core losses and thus achieves high current transport efficiencies. ThyssenKrupp would supply it for manufacturing transformers with CO2-reduced electrical steel for new digital E.ON medium-voltage stations in Germany. In November 2021, a US-based industrial metals manufacturer, Worthington Industries, Inc., announced the acquisition of Tempel Steel Company for $255 million. The acquisition would make Worthington Industries a leading company in the rapidly growing electrical steel market that includes transformers, machine motors, and electric vehicle (EV) motors. Tempel Steel Company is a US-based steel company offering precision motors and transformer laminations for the electrical steel market. Asia-Pacific was the largest region in the electrical steel market in 2022. North America is expected to be the fastest-growing region in the forecast period.The regions covered in the electrical steel market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the electrical steel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The electrical steel market consists of sales of silicon steel, transformer steel, or lamination steel.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electrical steel market research report is one of a series of new reports from The Business Research Company that provides electrical steel market statistics, including electrical steel industry global market size, regional shares, competitors with electrical steel market share, detailed electrical steel market segments, market trends and opportunities, and any further data you may need to thrive in the electrical steel industry. This electrical steel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Iron and steel mills and ferroalloy refer to a type of product that involves smelting steel scrap and iron ore to create pig iron, either in molten or solid form, and turning pig iron into steel by removing the carbon in the iron by combustion in furnaces that carry out activities such as reducing iron ore and transforming pig iron into steel. The main types of iron and steel mills and ferroalloy are ferroalloys, pig-iron, and crude steel. Crude steel refers to the steel that is produced by the solidification of liquid steel. The various end-users are automotive, machinery, oil and gas, construction, and other end users. The global iron and steel mills and ferroalloy market is segmented - 1) By Type: Ferroalloys, Pig Iron, Crude Steel 2) By End User: Automotive, Machinery, Oil and Gas, Construction, Other End Users Subsegments Covered: Ferromanganese, Ferrochrome, Ferrosilicon, Other Alloys, Non Alloy, Alloy The global iron and steel mills and ferroalloy market size grew from $1006.12 billion in 2022 to $1083.97 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of iron and steel mills and ferroalloy market is expected to grow to $1403.27 billion in 2027 at a CAGR of 6.7%. Metal consumption by the aerospace sector is expected to increase during the forecast period, thus driving the iron and steel mills and ferroalloy manufacturing market. This is mainly due to the rise in air travel is leading to increased demand for commercial airplanes. According to the International Air Transport Association (IATA), there were around 3.8 billion air travellers number is expected to rise to 7.2 billion by 2035. Similarly, according to Boeing, approximately 42,730 new jets, valued at $6.3 trillion, will be required over the next 20 years, to meet rising passenger traffic and upcoming airplane retirements. This will require significant metal consumption, especially aluminium, this will drive the iron and steel mills and ferroalloy manufacturing market in the forecast period. Major companies in the iron and steel mills ferroalloy market include POSCO, Baoshan Iron & Steel Co. Ltd., ArcelorMittal S.A, Nippon Steel & Sumitomo Metal Corporation, JFE Holdings Inc., Hyundai Steel Company, TATA Steel Group, Nucor Corp, Thyssenkrupp AG, and Maanshan Iron and Steel Company Limited . The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the iron and steel mills and ferroalloy manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, the Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Manufacturers depend heavily on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials. The outbreak hurt businesses throughout 2020 and into 2021. However, it is expected that the iron and steel mills and ferroalloy manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Companies in the iron and steel industry are increasingly using recycled steel as a raw material to manufacture new steel products for enhancing scrap management and energy savings. Steel recycling involves the collection of metal scrap, melting in furnaces at high temperatures to produce blocks, ingots, and sheets, and supplying them to manufacturers for production. The metallurgical properties of steel allow it to be economically favorable and recyclable. Manufacture of metal products from recycled steel is an eco-friendly process as it consumes less energy, minimizes the need for mining, reduces Co2 emissions, and decreases metal wastage. According to the Bureau of International Recycling (BIR), 35.5% of recycled steel (or steel scrap) is used in crude steel production globally, where 17.8% was used in China, 55.5% in Europe, 72.1% in the USA, 34.2% in Japan, 43% in the Republic of Korea, 80.8% in Turkey and 39.9% in Russia. ArcelorMittal is optimizing its scrap recycling operations with an average recycling rate of 85% of the steel produced. The Asia-Pacific was the largest region in the steel mills and ferroalloy market share in 2022. Western Europe was the second-largest region in the iron and steel mills and ferroalloy market. The regions covered in the global iron and steel mills industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the iron and steel mills ferroalloy market include Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, Vietnam. The iron and steel mills and ferroalloy market consists of sales of steel scrap, carbon steel, and sinter steel. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The iron and steel mills and ferroalloy market research report is one of a series of new reports from The Business Research Company that provides iron and steel mills and ferroalloy market statistics, including iron and steel mills and ferroalloy industry global market size, regional shares, competitors with iron and steel mills and ferroalloy market share, detailed iron and steel mills and ferroalloy market segments, market trends and opportunities, and any further data you may need to thrive in the iron and steel mills and ferroalloy industry. This iron and steel mills and ferroalloy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Sintered steel is a type of steel metal that uses heat to fuse the powdered material into a tougher, stronger portion to form complex shapes, produce alloys, or work in metals with extremely high melting points. It is low cost, low material waste, accurate, and requires little or no calibration processes. The main types of sintered steel are stainless steel, carbon steel, alloy steel, and tool steel. Stainless steels are steels containing at least 10.5% chromium, less than 1.2% carbon, and other alloying elements. At high temperatures, sintered stainless steel is being used in systems requiring high corrosion resistance at both ambient and high temperatures. Sintered steels are made by various processes such as metal injection moulding (MIM), conventional manufacturing, powder forging manufacturing, and additive manufacturing. Sintered steels are used by end-users that include transportation, industrial, electrical, and others (recreational/hobbies equipment, sports, gun components, hardware, computers, etc.). These are also used in engines, transmissions, bodies, chassis, drivetrain, electrical, and other applications (aerospace). The global sintered steel market is segmented – 1) By Type: Stainless Steel, Carbon Steel, Alloy Steel, Tool Steel 2) By Process: Metal Injection Molding (MIM), Conventional Manufacturing, Powder Forging Manufacturing, Additive Manufacturing 3) By End-User Industry: Transportation, Industrial, Electrical, Other End-Users 4) By Application: Engines, Transmissions, Body, Chassis, Drivetrain, Electrical, Other Applications The global sintered steel market size will grow from $15.25 billion in 2022 to $16.36 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global sintered steel market size is expected to grow to $20.84 billion in 2027 at a CAGR of 6.2%. The expansion of the automotive sector and increasing demand for innovative designs are contributing to the growth of the sintered steel market. The concepts of electrified, autonomous, connected, and shared will result in a rise in the rate of innovation within the automotive sector. The increasing speed of innovation, mainly in software-based systems, will require cars to be upgradable. Sintered components are finding applications within the automotive industry in areas where they will replace existing forged metal parts. For instance, according to Ibef data 2021, automobile manufacturing has increased at 2.36% CAGR between FY16 and 20 with 26.36 million vehicles being manufactured in the year 2020. In September 2021, Hero Electric announced it would expand production capacity at its facility in Ludhiana, Punjab, to >5 lakh units by the year March 2022, up from the existing capacity of 1 lakh units per year. The expansion of the automotive sector and increasing demand for innovative designs will drive the growth of the sintered steel market. Major players in the sintered steel market are Sumitomo Electric Industries Limited, GKN PLC, SamvardhanaMotherson Group, Hitachi Chemical, The Miba Group, ASCO Sintering Co, Sintercom India Ltd., AMES Sintering Metallic Components, Schunk Sinter Metals, CNPC Powders, Erasteel, Advanced Technology (Bazhou) Special Powder Ltd., Hoganas AB, Polema, SMC Corporation, Posco, Nippon Steel Corporation, Outokumpu, ArcelorMittal, Schmolz+Bickenbach AG, Thyssenkrupp Stainless, Acerinox S.A., Mirach Metallurgy Co, SSI Sintered Specialties, MEK Group, Atlas Pressed Metals, Technymon Global Bearing Technologies S.r.l, and Federal-Mogul Goetze Limited. Technological advancement in the automotive sector is a key trend gaining popularity among the companies working in the sintered steel market. In December 2021, Mumbai-based automobile-as-a-service company Autonomous Intelligence Motors Private Limited announced that it would be launching an artificial intelligence-of-things powered autonomous car in the country in the year 2022. The first-of-its-kind AI-powered driverless car will be equipped with BS8-compliant engines for both petrol and diesel variants, besides the electric variants. The autonomous car will be integrated with cameras, custom sensors, and radars. Its perception system will use data sensed from multiple sensors and algorithms fitted in the car, which will indicate road potholes, curvatures, routes, lanes, etc. In August 2021, Metal Powder Products, LLC, a US-based company, acquired Proform Powdered Metals, Inc., for an undisclosed amount. Through this acquisition, MPP creates an expansion of its business platform and the delivery of high-quality goods and services. The purchase of Proform improves MPP's position in the market and leads to increased efficiency. Proform Powdered Metals, Inc., is a US-based company pioneering in the manufacturing of premium steel and sintered bronze bearings, bushings, and spacers. Asia-Pacific was the largest region in the sintered steel market in 2022 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the sintered steel market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Sintered Steel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The sintered steel market consists of sales of copper steel, diffusion alloyed steel, and copper-infiltrated alloys. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the sintered steel market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The sintered steel market research report is one of a series of new reports from The Business Research Company that provides sintered steel statistics, including sintered steel industry global market size, regional shares, competitors with sintered steel market shares, detailed sintered steel market segments, sintered steel market trends and opportunities, and any further data you may need to thrive in the sintered steel industry. This sintered steel research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Construction is the process of building, altering, repairing, improving, or demolishing any structures or buildings using a detailed design and plan. The different types of construction are buildings construction, heavy and civil engineering construction, specialty trade contractors, land planning and development. Building construction includes the dismantling of existing structures, the construction of new structures, the addition of latest structures to existing structures, and the required modifications to existing structures to correspond to any recent additions. The different sectors include private and public. These type of services are provided by large contractors and small contractors. The global construction market is segmented - 1) By Type: Buildings Construction, Heavy And Civil Engineering Construction, Specialty Trade Contractors, Land Planning And Development 2) By End User: Private, Public 3) By Type of Contractor: Large Contractors, Small Contractors Subsegments Covered: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Highway, Street, And Bridge Construction, Other Heavy And Civil Engineering Construction, Foundation, Structure, And Building Exterior Contractors, Building Equipment Contractors, Building Finishing Contractors, Other Specialty Trade Contractors, Residential Land Planning And Development, Commercial And Institutional Land Planning And Development, Industrial Land Planning And Development The global construction market grew from $14503.87 billion in 2022 to $15461.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The construction market is expected to grow to $19519.26 billion in 2027 at a CAGR of 6.0%. The increasing construction activities in emerging markets are expected to propel the growth of the construction market over the coming years. Emerging markets which registered robust construction activity included China, Brazil, India, Saudi Arabia and Indonesia. For instance, according to the National Bureau of Statistics, construction output contributed for 25.9% of China's GDP in 2020, up from 6.2% in 2019. This rapid growth in construction activity contributed to the growth of the construction market. Major companies in the market include China State Construction Engineering Corporation Ltd., China Railway Group Ltd., China Railway Construction Corporation Limited, China Communications Construction Co Ltd., China Evergrande Group. Construction costs have increased steadily due to rising material costs in the historic period. Companies in the industry experienced subdued growth in their profits with rising prices of materials such as crude oil, a key component of asphalt reached $41.96 per barrel in 2020, softwood lumber, a major component used for buildings construction, rose by 112% in February 2021 compared to 2020. Therefore, high material prices adversely affected the construction market during historic period. Building construction companies are increasingly using green construction techniques to build energy efficient buildings and reduce construction costs. Green construction refers to the practice of using sustainable building materials and construction processes to create energy-efficient buildings with minimal environmental impact. According to World Green Building Trends Survey, about 60% of construction firms across the globe were involved in green construction projects . Certifications such as Leadership in Energy and Environmental Design (LEED) help construction companies to develop high-performance, sustainable residential and commercial buildings, and also offer a variety of benefits, from tax deductions to marketing opportunities. Sustainable construction materials such as natural paints and steel beams made from recycled material are being widely used in the UK. Other green construction techniques such as cross-ventilation for more natural environment, green construction software such as Construction Suite to ensure green compliance, and Green Globes management tool are also being used in the construction industry. For instance, some, Major companies using green construction techniques include Turner Construction Co, Clark Group, AECOM, Hensel Phelps and Holder Construction. Asia-Pacific was the largest region in the construction market in 2022. North America was the second-largest region in the construction market. The regions covered in the construction report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the construction market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The construction market includes revenues earned by entities by constructing buildings or engineering projects (such as highways and utility systems). Establishments that prepare sites for new construction and those that subdivide land for sale as building sites are included in this market. The construction market includes new work, additions, alterations, maintenance, and repairs. The market also includes modular building construction, prefabricated building construction, 3D building construction and green building construction The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The construction market research report is one of a series of new reports from The Business Research Company that provides construction market statistics, including construction industry global market size, regional shares, competitors with a construction market share, detailed construction market segments, market trends and opportunities, and any further data you may need to thrive in the construction industry. This construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.