Bracing themselves: Falling demand from key downstream markets has toppled industry revenue
Structural steel is an integral part of many construction projects, with steel framing used to support walls and roofs on buildings, while steel reinforcement is used in producing tilt walls or to strengthen concrete foundations. Steel erection contractors often compete for projects with skilled tradespeople working for major construction firms. The industry consists of numerous small-scale contracting firms that operate in narrow regional or niche service markets.
Industry companies primarily erect metal silos, storage tanks or structural steel components for buildings or other structures such as bridges, overhead cranes and electricity transmission towers. This can also include the on-site fabrication of these materials.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.
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