Our research report, “US Steel Industry Outlook”, identifies the growing importance of the US steel industry at global level. The study assesses the present status of steel industry in the US and identifies the opportunities available in the market.
This report thoroughly investigates the current market trends, evolving markets and growth prospects for the US steel industry. It, through its rational forecasts, outlines the future direction of the market. The forecast is based on a correlation between past market growth and growth of base drivers, such as economic performance of US, long-term metal demand, competitive structure, and government rules and regulations.
Key Research Findings
- At global level, overall crude steel production remained high in 2007, but a slowdown was observed in the growth rate of crude steel production from the last year.
- The US produces and consumes about 3% of the world’s iron ore output. In 2007, mines in Michigan and Minnesota – the two largest iron ore producers in the country - shipped 95% of the iron ore produced.
- Getting loans, and expansion of businesses and housing market has become difficult due to uncertainty in financial markets. This will result in a decline in apparent steel consumption in 2008.
- Weak dollar remains a major challenge for the US steel industry as steel imports are expected to slip down to around 27 Million Metric Tons this year from 30.4 Million Metric Tons in 2007.
- Energy-related construction market is a potential growth area for the US steel industry.
Key Issues and Facts Analyzed in the Report
- What is the current position of the global steel industry?
- What is the role of the US in global steel industry?
- What are growth attractions and market opportunities for the US steel industry?
- What are the key market challenges for the US steel industry?
Key Players Analyzed in the Report
This section covers the key facts about major players currently operating in the US steel industry such as United States Steel Corporation, Arcelor Mittal, Nucor Corporation & IPSCO Inc.
Research Methodology Used in the Report
Information Sources
Information in this report has been sourced from books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Method
RNCOS industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.
Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.
