Steel Product Manufacturing Global Market Report 2018

Starting Price : $ 4000.00 | Pages : 125 | Published : February 2018 | SKU CODE : 3098 | Format :

The steel product manufacturing market includes 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.

Steel Product Manufacturing Market Size

The global steel product manufacturing market was valued at $149.6 billion in 2017. Asia Pacific was the largest geographic region accounting for $53.1 billion or 35.5% of the global market. China was the largest country accounting for $25.2 billion or 16.9% of the global steel product manufacturing market.

Steel Product Manufacturing Market Trend

IoT technology is being adopted and implemented by steel product manufacturing companies to shorten production times and improve quality of the products. 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. For instance, JFE Steel announced a move to standardize its core platform across all factories, using Internet of Things (IoT) technology to connect facilities and improve efficiency.

The companies covered are ArcelorMittal SA, Nippon Steel & Sumitomo Metal Corporation (NSSMC), POSCO, Baosteel, and JFE Steel Corporation.

The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.

Steel Product Manufacturing Market Segmentation

The steel product manufacturing market is segmented into Iron And Steel Pipe And Tube Manufacturing; Rolling And Drawing.

Iron And Steel Pipe And Tube Manufacturing comprises establishments primarily engaged in manufacturing welded, riveted, or seamless pipe and tube from purchased iron or steel.

Rolling And Drawing comprises establishments primarily engaged in rolling and/or drawing steel shapes, such as plate, sheet, strip, rod, and bar, from purchased steel.

- Rolling comprises establishments primarily engaged in rolling steel shapes, such as plate, sheet, strip, rod, and bar, from purchased steel.

- Drawing comprises establishments primarily engaged in drawing steel shapes, such as plate, sheet, strip, rod, and bar, from purchased steel.

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