The global Long Steel Market Overview study, with both top-down and bottom-up approaches, calculates the market size of the market as well as forecast the status of various industries in the entire Market. The projection of the market has been presented both in terms of value and volume.
The market study analyzes each market player encompassed in the market study as per its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies. SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player.
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Segmentation analysis of long steel Market:
The global long steel market is bifurcated into three major segments: production process, product type, end-use industry and region.
On the basis of production process, long steel market has been segmented as follows:
- Electric Arc Furnace
- Basic Oxygen Furnace
On the basis of Product Type, long steel market has been segmented as follows:
- Wire
- Rod
- Rebar
- Merchant bar
- Rail bar
- Others
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On the basis of End-Use industry, long steel market has been segmented as follows:
- Railways
- Construction
- Industrial
- Others
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On the basis of geographic regions, long steel market is segmented as
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Long Steel Market: Regional Outlook
From regional perspective, East Asia holds for largest market share in global long steel market. Construction activities and the rising level of infrastructural operation uptake in the historical period has driven the regional demand. This has provided an immense opportunity for the long steel market to grow in East Asia region. Shift of trade curves to the right portrays an image of rapid growing market. Followed by East Asia, North America accounts for less than 25% of the global long steel demand. Market is growing at a steady pace in this region owing to the rise in constructional operations, which provides enough push for the demand requisite in the region. South Asia & Oceania and Latin America are growing at a moderate pace as the region owing to the decline in constructional activities in the period of 2018-2020. Middle East and Africa is growing at a fast pace owing to the fastest growing construction and industrial activities in the region
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Long Steel Market: Key Players
Global long steel market is slightly fragmented in nature with presence of numerous international players. Key players in market are focused towards expansions through partnerships and acquisitions. These players aim to provide a scattering range of long steel suited for different construction and industrial purposes. Key players in global long steel market are ArcelorMittal, POSCO, NUCOR Corporation, China Baowu Steel Group Corporation Limited, Mechel Pao, Dyneon Gmbh, Novolipetsk Steel, Tata Steel, Ansteel Group Corporation Limited, JFE Steel Corporation, Hyundai steel., JSW Steel, Wuhan Iron And Steel Corporation and other long steel manufacturers.
The market report gets rid of the following queries:
- Which end use has the highest rate of consumption and why?
- Which regions are the market players targeting to gain a competitive edge?
- What is the growth forecast of the market in region?
- What is the Y-o-Y growth rate of the market?
- Which segment will have the maximum share of the market by the end of year?
And so on…..
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