The iron and steel mills and ferroalloy manufacturing
industry includes companies carrying out activities such as reduction of iron
ore, transforming pig iron into steel, and producing molten or solid pig iron,
steel, steel and forming pipe and tube, electrometallurgical ferroalloys, and
steel and manufacturing shapes such as bar, plate, rod, sheet, strip, and wire.
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The global iron and steel mills and ferroalloy manufacturing
market has shown a decline in the past years with a CAGR of over negative 3%.
The year 2017 recorded lowest ever value in this market with a net worth of
around $2 trillion, which was at the highest in 2013 (about $2.6 trillion), as
per TBRC’s inhouse consultants.
TBRC’s latest report show latest and forecasted trends in
the market for each year with sourced reasons to support the trends claims.
The report also shows the iron and steel mills and
ferroalloy manufacturing market to grow at a higher CAGR till 2021 as compared
to 2017, along with geographies best suited for investments with highest return
rate.
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report at
Decline in this market was due to high operational cost and
stringent regulations regarding ferroalloys, steel and iron manufacturing.
Going forward, the market is expected to decelerate, albeit
at a slower pace than the historic growth rate, due to continued weakness and
oversupply in the steal market undermining pricing.
Increasing construction activity in countries such as
Brazil, Russia, India, China, and South Africa (BRICS) will stimulate the
development of the market.
Companies included in the report are Arcelor Mittal S.A.,
POSCO, China BaoWu Steel Group Corporation Limited, Nippon Steel & Sumitomo
Metal Corp, and JFE Engineering Corporation.
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