Table of Contents
The metal manufacturing industry comprises organizations engaged in the extraction and refinement of ferrous and nonferrous metals from ore, pig or scrap, using electrometallurgical techniques. This industry also includes the production of metal alloys and superalloys by introducing other chemicals to pure metals.
The total value of the sector globally in 2015 was $x billion. Related to a world population of x billion in 2015 this equates to about $x per person per annum. Given that World Domestic Product was approximately $x trillion in 2015, the market makes up about x% of the global economy.
Global oversupply has challenged the usual trade flows. Exports from low-cost countries increased the supply in international market. Increased supply resulted in downward pricing pressure causing margins to drop. The imbalance between capacity and demand will continue to create challenges for the short to medium-term.
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