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The steel scrap market is poised to grow by 62.78 MT during 2023-2027, accelerating at a CAGR of 1.62% during the forecast period. The market is driven by the increasing application of steel scrap, the high demand for steel in industrial applications, and the growing demand from the construction industry.Speak directly to the analyst to clarify any post sales queries you may have.
This report on the steel scrap market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.
The steel scrap market is segmented as below:
By End-user
- Construction
- Automotive
- Consumer goods
- Industrial goods
By Source
- Obsolete steel scrap
- Prompt steel scrap
- Home steel scrap
By Geography
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This report on the steel scrap market covers the following areas:
- Steel scrap market sizing
- Steel scrap market forecast
- Steel scrap market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Source
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Executive Summary
The analyst recognizes the following companies as the key players in the global steel scrap market: Ansteel Group Corp. Ltd., ArcelorMittal SA, Baosteel Group Corp., Benxi Steel Group Co. Ltd., China Baowu Steel Group Corp., Commercial Metals Co., EVRAZ Plc, Gerdau SA, JSW STEEL Ltd., Metalico Inc., Metinvest B.V, Nippon Steel Corp., Nucor Corp., Oryx Stainless AG, Schnitzer Steel Industries Inc., Sims Ltd., Steel and Scrap Pvt. Ltd., Steel Dynamics Inc., Tata Steel Ltd., and United States Steel Corp.Commenting on the report, one of the report's analysts said: 'The latest trend gaining momentum in the market is increase in M&A activities.'
According to the report, one of the major drivers for this market is the increasing application of steel scrap.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ansteel Group Corp. Ltd.
- ArcelorMittal SA
- Baosteel Group Corp.
- Benxi Steel Group Co. Ltd.
- China Baowu Steel Group Corp.
- Commercial Metals Co.
- EVRAZ Plc
- Gerdau SA
- JSW STEEL Ltd.
- Metalico Inc.
- Metinvest B.V
- Nippon Steel Corp.
- Nucor Corp.
- Oryx Stainless AG
- Schnitzer Steel Industries Inc.
- Sims Ltd.
- Steel and Scrap Pvt. Ltd.
- Steel Dynamics Inc.
- Tata Steel Ltd.
- United States Steel Corp.
