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US Steel Industry Poised to Grow Significantly

Aug 26, 2014

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Steel is the leading material that is widely used in manufacturing industry and leads the overall growth and development of the economy. In Global context, US steel industry plays a major role by covering 5.4% share of total world crude steel production and third largest steel producer in the world. Steel demand in the US is attributed by increasing demand from automotive, construction and oil & gas sectors. Further, technological advancement lead to the development of cost effective steel making process which also help to boost US steel industry in a positive direction and will increase the US steel demand. Further, crude steel production in the US is anticipated to grow with a CAGR of 6.3% during 2015-2019.

Research Analysis & Highlights

The report, which is spread over in 125 pages, is an outcome of comprehensive research and unbiased analysis of the US steel industry and its various segments to present a clear picture of the past and present market trends. This report also evaluates the existing market opportunities in relation with the factors driving steel demand.

The report "US Steel Industry Outlook 2019", has studied the US steel industry in terms of production, consumption, export and import scenario by the sector; and makes a steel demand analysis along with price analysis and so on. Further, product-wise production and consumption has also been discussed including long products, flat products and seamless tubes with forecast till 2019. This report also provides the further break up of long products production into concrete reinforcing bars, bars, and wire rods and flat products into electrical sheet & strip, tin mill and other metallic coated sheet & strips. Moreover, the US steel consumption pattern, broken down by type of product, which represents that flat products account for the major share in total steel consumption in the country. Further, the report also provides the consumption of finished steel by product including stainless steel sheet or strip, plate, bar, rod and wire.

Our comprehensive study further includes information based on steel demand analysis in various sectors including construction, automobiles, energy, container, defense and security etc. In addition, the report provides the steel pricing analysis including steel spot prices and average scrap prices. Major market trends and drivers that are prevailing in the US steel industry are also discussed in the report.

This report also covers a details analysis of major US steel industry players with business description, financial analysis for current and historical data and strength & weakness within the industry. The players' production growth rate analysis is also given in comparison with the industry's average growth rate which can help to understand the direction in which the US steel industry is likely to move in future.

Some of the key findings of the report are:

            - Construction sector Dominates Steel Consumption in United States
            - US Apparent Steel Consumption Set to Surge at 4.8% CAGR
            - Emerging breakthrough in steel producing technologies to reduce CO2 emissions
            - Flat Products Dominates the US Steel Production
            - Growing use of recycled steel
            - US Shale Gas Revolution Supporting Growth in Steel Industry

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM708.htm

Check Related REPORTS on: http://www.rncos.com/Metal.htm


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