Iron And Steel Mills And Ferroalloy Global Market Report 2023 – By Type (Ferroalloys, Pig Iron, Crude Steel), By End User (Automotive, Machinery, Oil and Gas, Construction, Other End Users) – 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.

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.

The structural steel fabrication refer to a set of activities conducted to convert raw materials into different shapes by steel fabricators. Structural steel fabrication is the process of cutting, bending, shaping, and assembling steel into various structures with predetermined sizes and shapes designed for assembly into buildings, industrial equipment, tools, and various other final products. The main types of services in structural steel fabrication are metal welding, machining, metal forming, metal cutting, metal shearing, metal folding, metal rolling, metal punching, and metal stamping. Metal shearing is a fabrication process used to trim or remove unwanted material from the metal, primarily used for cutting the metal into smaller sizes and different shapes. The various products include carbon steel, alloy steel, stainless steel, tool steel, and others and are used by aerospace, automotive, construction, defense, electronics, energy and power, manufacturing, mining, and others. The global structural steel fabrication market is segmented - 1) By Service: Metal Welding, Machining, Metal Forming, Metal Cutting, Metal Shearing, Metal Folding, Metal Rolling, Metal Punching, Metal Stamping 2) By Product: Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel 3) By End-Users: Aerospace, Automotive, Construction, Defense And Aerospace, Electronics, Energy And Power, Manufacturing, Mining, Other End-Users The global structural steel fabrication market size grew from $142.95 billion in 2022 to $163.16 billion in 2023 at a compound annual growth rate (CAGR) of 14.1%. 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 structural steel fabrication market is expected to grow to $245.8 billion in 2027 at a CAGR of 10.8%. The growing construction industry is expected to propel the growth of the structural steel fabrication market going forward. The construction industry is rising as a result of ongoing urbanization, impending infrastructural projects, and a growing population base. The construction sector uses structural steel for a variety of products due to its strength, durability, tensile strength, and low cost. It is the ideal option for designing and fabricating high-rise buildings, residential buildings, bridges, and other structures. For instance, according to the global construction review report published in 2021, construction will be a driving force in global economic growth in the decade to 2030, with output estimated to be 35% greater than in the previous ten years to 2020. Hence, the growing construction industry will drive the growth of the structural steel fabrication market. Major players in the structural steel fabrication market are O'Neal Manufacturing Service, BTD Manufacturing, EVS Metal, Defiance Metal Products, LancerFab Tech Pvt. Ltd., Mayville Engineering Company, Watson Engineering, Tata Steel, Zamil Steel Buildings India Private Limited, Sujana Group, Apex Buildsys Limited, Ironform Holdings Co., Bohai Group, Anyang Group Co. Ltd., Wuhan Group, POSCO, Hebei Group, Baogang Group, Gerdau S.A., JSW Steel, POSCO, Taylor and Watson Ltd., STI Group, Richard L. Sensenig Company, Structural Steelworks & Engineering Ltd., Structural Fabrications Ltd., Lenex Steel, and Steel LLC. The introduction of CNC plasma cutting machines by steel fabricators in their manufacturing plants for precise steel cutting is a major trend gaining popularity in the structural steel fabrication market. In a CNC plasma machine, a plasma cutter is employed to cut thin to thick metals along a multi-axis grid. The CNC technique has an advantage over hand-held plasma cutting devices since the cut is programmed and controlled by a computer rather than human actions. For instance, in April 2021, Salasar Techno Engineering, an India-based company that provides steel fabrication, opened a new structural steel fabrication plant in Uttar Pradesh, India. Salasar's new facility includes high-precision robotic multi-torch CNC plasma cutting equipment. The facility will fabricate heavy structural steel for power plants, metro stations, bridges, PEB buildings, warehouses, airport hangers, high-rise buildings, and process plants. In June 2021, DBM Global Inc., a US-based infrastructure company, acquired Banker Steel Holdco LLC for an undisclosed amount. The acquisition of Banker Steel will significantly improve DBM's capacity to capitalize on significant infrastructure and commercial possibilities in America. Banker Steel Holdco LLC is a US-based producer of fabricated structural steel components for infrastructure and commercial projects. Asia-Pacific was the largest region in the structural steel fabrication market share in 2022. The regions covered in the global structural steel fabrication idustry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the structural steel fabrication market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The structural steel fabrication market includes revenues earned by entities by providing fabrication services and related products. 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 structural steel fabrication research report is one of a series of new reports from The Business Research Company that provides structural steel fabrication statistics, including structural steel fabrication industry global market size, regional shares, competitors with structural steel fabrication share, detailed structural steel fabrication segments, market trends and opportunities, and any further data you may need to thrive in the structural steel fabrication industry. This structural steel fabrication 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.

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.

An electric ironer is a tool for leveling clothes and fabrics and uses power within a range of 300-1000W. The main product types of electric ironers are dry iron, steam iron, and garment steamer. Steam iron is a type of electric iron that generates steam from the water put into it. The steam helps to get the creases out of the clothes. The various functions of ironers include automatic and non-automatic. Ironers are distributed through online and offline distribution channels that are used for commercial and residential applications. The global electric ironer is segmented - 1) By Product Type: Dry iron, Steam Iron, Garment Steamer 2) By Function: Automatic, Non-automatic 3) By Distribution Channel: Offline, Online 4) By Application: Residential, Commercial The global electric ironer market size will grow from $0.82 billion in 2022 to $0.88 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 electric ironer market size is expected to grow to $1.11 billion in 2027 at a CAGR of 6.0%. Rapid Urbanization is expected to contribute to the growth of the ironers market in the forecast period. Globally, the percentage of the population living in urban areas is expected to reach 68% by 2050. The growth in the urban population coupled with the increasing demand among the millennials to look well-dressed, rise in disposable incomes, and increasing affordability among residents of cities will drive the demand for ironers. Major players in the ironers market are GE, Hamilton Beach, Joy Mangano, Kenmore, Electrolux, Haier, FlyCo., LG, Applica, Black and Decker, and Bosch. Increasing demand for online on-demand laundry services is expected to restrain the ironers market in the forecast period. The on-demand laundry services market is expected to be aided by a stable economic growth forecast in many developed and developing countries. The international monetary fund (IMF) stated that the global real GDP growth was 3.7% over 2019 and 2020 and 3.6% from 2021 to 2023. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. For instance, according to the World Bank, a US-based international financial institution, the growth of GDP in China amounted to approximately 8.1 percent in 2021. Stable economic growth, increasing internet penetration, and rising disposable income coupled with the hectic lifestyle of individuals will lead to an increase in on-demand laundry services, thereby limiting the growth of the market for ironers. There has been a growing popularity of smart home ironers in the market. Smart home ironers are devices that are connected to other devices via the internet, and other technologies such as Bluetooth, near-field communication (NFC), and Wi-Fi. The increased popularity of smart appliances can be attributed to the increased demand for smart homes, the rise in internet and smartphone penetration, and energy efficiency initiatives. The rise of the Internet of Things (IoT) technology also supports the development of smart appliances. For instance, smart ironers contain an accelerometer chip installed in them which automatically switches off the iron by detecting the idle state. Bluetooth-enabled ironers can provide the users with the status of the iron such as temperature, power usage, etc. on their mobile phone and other Bluetooth-enabled devices. Asia-Pacific was the largest region in the ironers market in 2022. Western Europe was the second-largest region in the global ironers market share. The regions covered in the global ironers market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the ironers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The electric electric ironer market consists of sales of dry iron, steam iron, and garment steamer. 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 ironers 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 electric ironers manufacturing market research report is one of a series of new reports from The Business Research Company that provides electric ironers manufacturing market statistics, including electric ironers manufacturing industry global market size, regional shares, competitors with electric ironers manufacturing market share, detailed electric ironers manufacturing market segments, market trends and opportunities, and any further data you may need to thrive in the electric ironers manufacturing industry. This electric ironers manufacturing 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 mining refers to the process of extraction of iron ore. Due to its affordability, surface mining is used to extract the majority of iron ores. In this procedure, the rock is combined with water and processed into powder using spinning mills. Magnetism is used to separate the iron ore from the taconite. The main types of iron mining are construction, manufacturing, and other types. Construction refers to the act or result of construing, interpreting, or explaining. The carbon content is pig iron, wrought iron, and cast iron. The mining type includes underground mining, and surface mining. The global iron ore market is segmented – 1) By Type: Construction, Manufacturing, and Other Types 2) By Mining Type: Underground Mining, Surface Mining The global iron ore market size will grow from $405.1 billion in 2022 to $447 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. 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 iron ore is expected to grow from $657.73 billion in 2027 at a CAGR of 10.1%. The growth in the iron ore market is due to increasing construction projects in rapidly developing countries such as China and India owing to the rising population and infrastructure development. Population refers to the whole number of people or inhabitants in a country or region. The primary use of iron ore (98%) is to make steel. For instance, In June 2022, according to Worldometer, a US-based reference website that provides counters and real-time statistics for diverse topics, The current population of China is 1,450,341,718. Therefore, the rising population is driving the growth of the Iron Ore market. Major players in the iron ore market include Arcelor Mittal, Nippon Steel & Sumitomo Metal Corporation (NSSMC), POSCO, TATA STEEL, and VALE. The use of autonomous hauling systems (AHS) trucks in the iron ore industry is significantly enhancing production efficiency and reducing turnaround time. AHS control and tracks mining vehicle movements, coordinates, and autonomously drives off-highway haul trucks operating in a mine, as the major trends witnessed in the global Iron Ore market. Asia-Pacific was the largest region in the iron ore market in 2022. The regions covered in this iron ore market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the iron mining market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The iron mining market includes revenues earned by entities by making steel, auto parts, and catalyst. 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 iron ore market research report is one of a series of new reports from The Business Research Company that provides iron ore market statistics, including iron ore industry, regional shares, competitors with a iron ore market share, detailed iron ore market segments, market trends and opportunities, and any further data you may need to thrive in the iron ore industry. This iron ore global 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.