
Report ID: UCMIG15O2015
Report ID:
UCMIG15O2015 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for crude steel is expected to increase quickly throughout the course of the projected period. Crude steel is the first thing that is created once liquid steel has solidified. It can also be referred to as the semi-finished goods produced in continuously casting operations and the ingot products produced in modern mills. The top four countries that produce crude steel are China, Japan, India, and the United States. It is anticipated that demand for steel products will rise across all significant end-use sectors, including consumer goods, transportation, and construction. The Organisation for Economic Co-operation and Development (OECD) said in 2018 that the production of crude steel grew by about 5.2% in 2017 while maintaining its pace.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Steel by segment aggregation, the contribution of the Steel in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15O2015