Iron And Steel Mills And Ferroalloy Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global iron and steel mills and ferroalloy market as it emerges from the COVID-19 shut down.
Reasons to Purchase
Description:
Where is the largest and fastest growing market for the iron and steel mills and ferroalloy? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Iron And Steel Mills And Ferroalloy market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider iron and steel mills and ferroalloy market, and compares it with other markets.
Scope
Markets Covered:
1) By Type: Ferroalloys; Pig Iron; Crude Steel
Subsegments Covered: Ferromanganese; Ferrochrome; Ferrosilicon; Other Alloys; Non Alloy; Alloy
Companies Mentioned: Arcelor Mittal SA; POSCO; China BaoWu Steel Group Corporation Limited; Nippon Steel & Sumitomo Metal Corp; JFE Engineering Corporation
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, iron and steel mills and ferroalloy indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Description:
Where is the largest and fastest growing market for the iron and steel mills and ferroalloy? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Iron And Steel Mills And Ferroalloy market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider iron and steel mills and ferroalloy market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The iron and steel mills and ferroalloy market section of the report gives context. It compares the iron and steel mills and ferroalloy market with other segments of the metal market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, iron and steel mills and ferroalloy indicators comparison.
Scope
Markets Covered:
1) By Type: Ferroalloys; Pig Iron; Crude Steel
Subsegments Covered: Ferromanganese; Ferrochrome; Ferrosilicon; Other Alloys; Non Alloy; Alloy
Companies Mentioned: Arcelor Mittal SA; POSCO; China BaoWu Steel Group Corporation Limited; Nippon Steel & Sumitomo Metal Corp; JFE Engineering Corporation
Metrics Covered: Number of Enterprises; Number of Employees
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, iron and steel mills and ferroalloy indicators comparison.
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Iron and Steel Mills and Ferroalloy Market
What is the estimated value of the Global Iron and Steel Mills and Ferroalloy Market?
What is the growth rate of the Global Iron and Steel Mills and Ferroalloy Market?
What is the forecasted size of the Global Iron and Steel Mills and Ferroalloy Market?
Who are the key companies in the Global Iron and Steel Mills and Ferroalloy Market?
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1. Executive Summary2. Report Structure7. Iron And Steel Mills And Ferroalloy Market Trends And Strategies8. Impact Of COVID-19 On Iron And Steel Mills And Ferroalloy22. Key Mergers And Acquisitions In The Iron And Steel Mills And Ferroalloy Market26. Copyright And Disclaimer
3. Iron And Steel Mills And Ferroalloy Market Characteristics
4. Iron And Steel Mills And Ferroalloy Market Product Analysis
5. Iron And Steel Mills And Ferroalloy Market Supply Chain
6. Iron And Steel Mills And Ferroalloy Market Customer Information
9. Iron And Steel Mills And Ferroalloy Market Size And Growth
10. Iron And Steel Mills And Ferroalloy Market Regional Analysis
11. Iron And Steel Mills And Ferroalloy Market Segmentation
12. Iron And Steel Mills And Ferroalloy Market Segments
13. Iron And Steel Mills And Ferroalloy Market Metrics
14. Asia-Pacific Iron And Steel Mills And Ferroalloy Market
15. Western Europe Iron And Steel Mills And Ferroalloy Market
16. Eastern Europe Iron And Steel Mills And Ferroalloy Market
17. North America Iron And Steel Mills And Ferroalloy Market
18. South America Iron And Steel Mills And Ferroalloy Market
19. Middle East Iron And Steel Mills And Ferroalloy Market
20. Africa Iron And Steel Mills And Ferroalloy Market
21. Iron And Steel Mills And Ferroalloy Market Competitive Landscape
23. Market Background: Metal Manufacturing Market
24. Recommendations
25. Appendix
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Major companies in the iron and steel mills and ferroalloy market include Arcelor Mittal SA; POSCO; China BaoWu Steel Group Corporation Limited; Nippon Steel & Sumitomo Metal Corp and JFE Engineering Corporation.
The global iron and steel mills and ferroalloy market is expected to grow from $822.24 billion in 2020 to $870.59 billion in 2021 at a compound annual growth rate (CAGR) of 5.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1143.6 billion in 2025 at a CAGR of 7%.
The iron and steel mills and ferroalloy market consists of sales of iron and steel mills and ferroalloys by entities (organizations, sole traders and partnerships) carrying out activities such as reducing iron ore, transforming pig iron into steel, and producing molten or solid pig iron, steel, steel and forming pipe and tube, electrometallurgical ferroalloys, and steel and manufacturing shapes such as bar, plate, rod, sheet, strip, and wire. The iron and steel mills and ferroalloy market is segmented into crude steel; pig iron and ferroalloys.
Asia Pacific was the largest region in the global iron and steel mills and ferroalloy market, accounting for 46% of the market in 2020. Western Europe was the second largest region accounting for 21% of the global iron and steel mills and ferroalloy market. Africa was the smallest region in the global iron and steel mills and ferroalloy market.
Companies in the iron and steel industry are increasingly using recycled steel as a raw material to manufacture new steel products for enhancing scrap management and energy savings. Steel recycling involves collection of metal scrap, melting in furnaces at high temperatures to produce blocks, ingots and sheets, and supplying them to manufacturers for production. The metallurgical properties of steel allow it to be economically favorable and recyclable. Manufacture of metal products from recycled steel is an eco-friendly process as it consumes less energy, minimizes need for mining, reduces Co2 emissions and decreases metal wastage. In 2017, according to Bureau of International Recycling (BIR), 35.5% of recycled steel (or steel scrap) is used in crude steel production globally, where 17.8% was used in China, 55.5% in Europe, 72.1% in the USA, 34.2% in Japan, 43% in the Republic of Korea, 80.8% in Turkey and 39.9% in Russia. ArcelorMittal, is optimizing its scrap recycling operations since 2015 with an average recycling rate of 85% of the steel produced.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the iron and steel mills and ferroalloy manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Manufacturers depend heavily on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the iron and steel mills and ferroalloy manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Metal consumption by the aerospace sector is expected to increase during the forecast period, thus driving the iron and steel mills and ferroalloy manufacturing market. This is mainly due to rise in air travel is leading to increased demand for commercial airplanes. According to the International Air Transport Association (IATA), there were around 3.8 billion air travelers in 2016, and this number is expected to rise up to 7.2 billion by 203. Similarly, according to Boeing, approximately 42,730 new jets, valued at $6.3 trillion, will be required over the next 20 years, to meet rising passenger traffic and upcoming airplane retirements. This will require significant metal consumption, especially aluminum, this will drive the iron and steel mills and ferroalloy manufacturing market in the forecast period.
The global iron and steel mills and ferroalloy market is expected to grow from $822.24 billion in 2020 to $870.59 billion in 2021 at a compound annual growth rate (CAGR) of 5.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1143.6 billion in 2025 at a CAGR of 7%.
The iron and steel mills and ferroalloy market consists of sales of iron and steel mills and ferroalloys by entities (organizations, sole traders and partnerships) carrying out activities such as reducing iron ore, transforming pig iron into steel, and producing molten or solid pig iron, steel, steel and forming pipe and tube, electrometallurgical ferroalloys, and steel and manufacturing shapes such as bar, plate, rod, sheet, strip, and wire. The iron and steel mills and ferroalloy market is segmented into crude steel; pig iron and ferroalloys.
Asia Pacific was the largest region in the global iron and steel mills and ferroalloy market, accounting for 46% of the market in 2020. Western Europe was the second largest region accounting for 21% of the global iron and steel mills and ferroalloy market. Africa was the smallest region in the global iron and steel mills and ferroalloy market.
Companies in the iron and steel industry are increasingly using recycled steel as a raw material to manufacture new steel products for enhancing scrap management and energy savings. Steel recycling involves collection of metal scrap, melting in furnaces at high temperatures to produce blocks, ingots and sheets, and supplying them to manufacturers for production. The metallurgical properties of steel allow it to be economically favorable and recyclable. Manufacture of metal products from recycled steel is an eco-friendly process as it consumes less energy, minimizes need for mining, reduces Co2 emissions and decreases metal wastage. In 2017, according to Bureau of International Recycling (BIR), 35.5% of recycled steel (or steel scrap) is used in crude steel production globally, where 17.8% was used in China, 55.5% in Europe, 72.1% in the USA, 34.2% in Japan, 43% in the Republic of Korea, 80.8% in Turkey and 39.9% in Russia. ArcelorMittal, is optimizing its scrap recycling operations since 2015 with an average recycling rate of 85% of the steel produced.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the iron and steel mills and ferroalloy manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Manufacturers depend heavily on supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to lack of raw materials. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the iron and steel mills and ferroalloy manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
Metal consumption by the aerospace sector is expected to increase during the forecast period, thus driving the iron and steel mills and ferroalloy manufacturing market. This is mainly due to rise in air travel is leading to increased demand for commercial airplanes. According to the International Air Transport Association (IATA), there were around 3.8 billion air travelers in 2016, and this number is expected to rise up to 7.2 billion by 203. Similarly, according to Boeing, approximately 42,730 new jets, valued at $6.3 trillion, will be required over the next 20 years, to meet rising passenger traffic and upcoming airplane retirements. This will require significant metal consumption, especially aluminum, this will drive the iron and steel mills and ferroalloy manufacturing market in the forecast period.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Arcelor Mittal SA
- POSCO
- China BaoWu Steel Group Corporation Limited
- Nippon Steel & Sumitomo Metal Corp
- JFE Engineering Corporation
Note: Product cover images may vary from those shown
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