The metals manufacturing industry comprises iron and steel foundries, alumina and aluminum production and processing establishments, iron and steel products manufacturing and iron and steel mills and ferroalloy manufacturing companies.
The top five companies were ArcelorMittal, POSCO, Nippon Steel & Sumitomo Metal , JFE and TATA Steel Group. ArcelorMittal was the largest competitor in the metal manufacturing market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
The global metal manufacturing market was valued around $3924 billion in 2017. Asia Pacific was the largest region in the metal manufacturing market in 2017, accounting for around 60% market share. China was the largest country accounting for above 30% of the market.
Global metals companies are adopting and implementing the IoT technology to improve their efficiencies and drive productivity. IoT connects people, machines, and services enabling the flow of information and real-time decisions. IoT technology offers benefits such as increased asset uptime, efficient predictive maintenance and faster processing and delivery time. According to KPMG, 72% executives of global metals companies are willing to invest in IoT technologies. Growing adoption of IoT technology by global metals companies is expected to drive productivity and growth of this industry.
The Metal Manufacturing Market is segmented into Iron And Steel Mills And Ferroalloy, Nonferrous Metal Production And Processing, Alumina And Aluminum Production And Processing, Foundries and Steel Product Manufacturing From Purchased Steel.
Iron And Steel Mills And Ferroalloy Manufacturing establishments are primarily engaged in direct reduction of iron ore, producing molten or solid pig iron, transforming pig iron into steel, manufacturing steel, producing steel and forming pipes and tubes, producing steel and manufacturing shapes such as bar, plate, rod, sheet, strip, and wire, and producing electrometallurgical ferroalloys.
Nonferrous Metal Production And Processing establishments smelt, refine, roll, draw, extrude and alloy copper and non-ferrous metals except aluminum. It also includes secondary smelting, refining and alloying of non-ferrous metals.
Alumina And Aluminum Production And Processing establishments are primarily engaged in refining alumina, producing aluminum from alumina, recovering aluminum from scrap or dross, alloying purchased aluminum, and manufacturing primary aluminum products such as bar, foil, pipe, plate, rod, sheet, tube, and wire.
Foundries include iron foundries, steel investment foundries, steel foundries, non-ferrous metal die casting foundries, aluminum foundries and other non-ferrous metal foundries. These establishments pour molten metal into molds to manufacture castings.
Steel Product Manufacturing From Purchased Steel include establishments engaged in producing tubes and pipes from iron and steel, shapes drawn through rolling or drawing of purchased iron or steel, and drawing steel wire.