About Steel Market
Steel is an alloy of iron, carbon (less than 2%), and other elements. It is the most important engineering and construction material as it finds applications in the making of products from almost all aspects of human life. The spend momentum of this market will be attributed to the increasing use of pre-engineered steel solutions and lightweight steel.
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 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 (less than 2%), and other elements. It is the most important engineering and construction material as it finds applications in the making of products from almost all aspects of human life. The spend momentum of this market will be attributed to the increasing use of pre-engineered steel solutions and lightweight steel.
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 optimization of category spend.
Category driver
- The use of novel technologies to recycle metals in the production process
Category management strategy
- Implementation of stringent quality assurance program at suppliers' facilities
Procurement best practices
- Optimal distribution of spend across the supply base
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 Summary
PART 02: MARKET INSIGHTS
PART 03: CATEGORY PRICING INSIGHTS
PART 04: COST-SAVING OPPORTUNITIES
PART 05: BEST PRACTICES
PART 06: CATEGORY ECOSYSTEM
PART 07: CATEGORY MANAGEMENT STRATEGY
PART 08: CATEGORY MANAGEMENT ENABLERS
PART 09: SUPPLIERS SELECTION
PART 10: SUPPLIERS UNDER COVERAGE
PART 11: US MARKET INSIGHTS
PART 12: CATEGORY DEFINITION
PART 13: APPENDIX
Executive Summary
The following companies as the key suppliers in the Global Steel Category - Procurement Market Intelligence Report: ArcelorMittal SA, Nippon Steel Corp, Baoshan Iron & Steel Co. Ltd, POSCO, Tata Steel Ltd, Nucor Corp.Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to monitor spend data for cost optimization.”
According to the report, one of the key growth contributors for the global steel market is the increasing demand for lightweight steel.
Further, the report states that one of the key category management strategies for the buyers in the global steel market is to accurately estimate steel requirements, draw on market expertise to define appropriate specifications, and schedule the purchase accordingly.
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 SA
- Nippon Steel Corp
- Baoshan Iron & Steel Co. Ltd
- POSCO
- Tata Steel Ltd
- Nucor Corp.
Methodology
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