Key Market Indicators
Global steel consumption is projected to increase by 1% year on year, reaching 1.3 billion kilograms by 2026. In 2020, it was 1.2 billion kilograms. Demand has been growing steadily, with an average increase of 2.1% year on year. Germany, France and Spain are the top three steel-consuming countries in the world, in that order.
Steel Market Data and Forecasts
Improve your Knowledge with the latest Indicators and Trends
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Metal Industry: Unveiling Insights from the Comprehensive Stainless Steel Directory
The stainless steel sector features a diverse array of participants operating at various stages of the production and supply chain. As detailed in assorted sectoral studies, key players range from miners extracting chromite and nickel for stainless steel production, to manufacturers transforming these raw materials into a variety of finished...
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Metals Sector: Profound Analysis of Emerging Trends in the Global Tungsten Market
The global tungsten market is currently characterized by a set of major trends. Notably, key industries from manufacturing to aerospace are increasingly prioritizing tungsten for its superior physical properties, such as high melting point and density. Another prominent trend is the efforts of R&D towards leveraging tungsten's unique properties to...
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Steel Standards: Assessing Key Trends and Dynamics for Industry Stalwarts
The steel industry in Vietnam currently operates under a set of formalized codes and standards. This regulatory framework, not only ensures the manufacturing and trading of high-quality products but also guarantees industry stability. The stringency of these standards varies with the demands of the external market and the technology advancements...
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Steel Industry: An Enlightening Overview of Market Dynamics and Standards
The steel market, as with all markets, is influenced by the fundamentals of supply and demand dynamics. Demand for steel is generally derived from the construction industry, automobile manufacturing, and various product manufacturers. Other influencing factors include economic conditions, business sentiment, political policies and regulations, technological advancements, and availability of...
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Steel Industry Insights: Analysing the Financial Landscape of Iron and Steel Tube Manufacturing
The financial landscape of the iron and steel industry, with a particular focus on pipes, tubes, and conduit manufacturing, is heavily shaped by the prevailing market structure. It is a highly capital intensive industry, with substantial barriers to entry. Firms face considerable costs for infrastructure, equipment, research and development, not...
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