About Steel Market
Steel is an alloy of iron, carbon, and other elements. It is the most important engineering and construction material as it finds use in the manufacturing of products from almost all aspects of human life. Also, steel is one of the most important materials used to construct buildings, bridges, trucks, rails, turbines, electromagnets, fridge, washing machines, watches, and protective equipment among others.
The growing demand for steel from end-use industries such as construction, transportation, energy, packaging, appliances, and accessories is expected to accelerate market growth.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Steel Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Steel Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to the optimization of category spend.
Category driver
Category management strategy
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Steel is an alloy of iron, carbon, and other elements. It is the most important engineering and construction material as it finds use in the manufacturing of products from almost all aspects of human life. Also, steel is one of the most important materials used to construct buildings, bridges, trucks, rails, turbines, electromagnets, fridge, washing machines, watches, and protective equipment among others.
The growing demand for steel from end-use industries such as construction, transportation, energy, packaging, appliances, and accessories is expected to accelerate market growth.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Steel Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Steel Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to the optimization of category spend.
Category driver
- Increasing use of pre-engineered steel solutions
- For a full, detailed list, view our report
Category management strategy
- Focus on reducing the TCO
- For a full, detailed list, view our report
Procurement best practices
- Optimizing TCO
- For a full, detailed list, view our report
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: Executive SummaryPART 02: Market Insights
- Global category spend
- Category spend growth
- Spend segmentation by region
- Regional spend dynamics
- Regional influence on global spend
- Regional spend opportunity for suppliers
PART 03: Category Pricing Insights
- Pricing outlook
- Supplier cost structure
- Outlook for input costs
- Total cost of ownership analysis
- Overview of pricing models
- Comparison of pricing models
- Supply chain margins
- Cost drivers impacting pricing
- Volume drivers impacting pricing
PART 04: Cost-Saving Opportunities
- Supplier side levers
- Buyer side levers
- Quantifying cost-saving opportunities
- Quantifying cost savings by negotiation strategies
PART 05: Best Practices
- Innovation and success stories
- Procurement excellence best practices
- Procurement best practices
- Sustainability practices
PART 06: Category Ecosystem
- Market favorability index for suppliers
- Competitiveness index for suppliers
- Buyer power
- Supplier power
- Threat of new entrants
- Threat of substitutes
- Buyer ecosystem
- Supplier ecosystem
PART 07: Category Management Strategy
- Category management objectives
- Supplier and buyer KPIs
- Outsourcing category management activities
- Risk management
PART 08: Category Management Enablers
- Procurement organization
- Category enablers
PART 09: Suppliers Selection
- RFx essentials
- Supplier selection criteria
- Service level agreement
- Incumbent supplier evaluation metrics
PART 10: Suppliers Under Coverage
- Overview
- Supplier positioning
- Profile: ArcelorMittal
- Profile: NSSMC
- Profile: China Baowu
- Profile: POSCO
- Profile: Tata Steel
- Profile: Nucor
PART 11: US Market Insights
- Category spend in the US
- Price outlook
- Supplier cost structure in the US
- Margins of suppliers in the US
- Category cost drivers
- Category volume drivers
- Overview of best practices in the US
- Procurement best practices in the US
- US supply market overview
- Supplier positioning for the US
- Regional category risks
PART 12: Category Definition
- Category hierarchy
- Category scope
- Category map
PART 13: Appendix
- List of abbreviations
- Key notes
List of Exhibits
- Global category spend (2017-2022)
- Category spend growth (2017-2022)
- Regional spend dynamics
- Comparison of category maturity across regions
- Regional spend opportunity for suppliers (2017-2022)
- Category pricing dynamics
- Supplier cost breakup
- Input cost dynamics
- Total cost of ownership model
- Benefit comparison of pricing models
- Pricing models - comparison matrix
- Supplier margin analysis
- Margin analysis across supply chain
- Cost drivers
- Volume drivers
- Cost-saving opportunities: Supply side levers
- Cost-saving opportunities: Demand side levers
- Cost-saving opportunity matrix
- Negotiation grid
- Innovation and success stories
- Procurement excellence summary: Impact on the category
- Supplier relationship management metrics
- Strategic sourcing and category management metrics
- Technology-facilitated procurement metrics
- Procurement best practices dashboard
- Sustainability practices: Impact on the category
- Sustainability best practices
- Market environment score
- Market competitiveness score
- Buyer power score
- Supplier power score
- Ease of market entry score
- Ease of substitution score
- Buyer ecosystem: Outlook
- Supplier ecosystem: Outlook
- Ecosystem disruption threats
- Key category management objectives
- Supplier KPI dashboard: Importance for the category
- Buyer KPI dashboard: Importance for the category
- Category management enablers
- Risk management matrix
- Category enablers: Procurement model
- Category enablers: Technology
- RFx questions
- Phase I RFI considerations
- SLA terms
- Supplier performance benchmarking criteria
- Supplier operational capability matrix
- Supplier positioning matrix
- ArcelorMittal - Key information dashboard
- NSSMC - Key information dashboard
- China Baowu - Key information dashboard
- POSCO - Key information dashboard
- Tata Steel - Key information dashboard
- Nucor - Key information dashboard
- US category spend (2017-2022)
- Category pricing dynamics
- Supplier cost breakup
- Supplier margin analysis by supplier type
- Margin analysis across supply chain
- Cost drivers
- Volume drivers
- Procurement excellence summary: Impact on the category
- Supplier relationship management
- Strategic sourcing and category management
- Technology-facilitated procurement
- Procurement best practices dashboard
- Supplier operational capability matrix
- Supplier positioning matrix
- Risk management matrix
- Category definition
- Category nuances
- Importance of category relative to other categories
Executive Summary
New Report Released: Global Steel Category - Procurement Market Intelligence Report 2018-2022.The author of the report recognizes the following companies as the key suppliers in the Global Steel Category - Procurement Market Intelligence Report: ArcelorMittal, NIPPON STEEL & SUMITOMO METAL CORPORATION, Baoshan Iron & Steel Co Ltd, POSCO, Tata Steel, Nucor, SHAGANG GROUP Inc., JFE Steel Corporation, and Gerdau.
Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to consolidate spend for similar product requirements.”
According to the report, one of the key growth contributors to the global steel market is the Increasing demand for lightweight steel and pre-engineered steel solutions.
Further, the report states that one of the key category management strategies for the buyers in the global steel market is to prioritize assurance of timely supply of the required steel products over TCO.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- ArcelorMittal
- NIPPON STEEL & SUMITOMO METAL CORPORATION
- Baoshan Iron & Steel Co Ltd
- POSCO
- Tata Steel
- Nucor
- SHAGANG GROUP Inc
- JFE Steel Corporation
- Gerdau.
Methodology
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