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Structural Steel Market Share

Name: Structural Steel Market Size, Share & Analysis | Industry Forecast, 2026
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI2207
Published Date: Mar 2020
Report Format: PDF

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Structural Steel Market Share

Major players involve in the structural steel industry report including

ArcelorMittal S.A
Nippon Steel & Sumitomo Metal Corporation
POSCO
VISA Steel
SAIL
Baosteel Company
Tata Steel
Novolipetsk Steel
Evraz Group
Steel Limited
Nucor Corporation
JFE Steel Corporation

Manufacturers are involved in product launches, innovations, and partnerships, in order to expand their product portfolio and increase their regional presence. In December 2019, ArcelorMittal and Nippon Steel completed the joint acquisition of Essar Steel India Ltd., which may allow the acquiring firms to exploit the long-term structural steel market in India. Essar Steel is a manufacturer of various steel products such as structural steel plates and line pipes.

In January 2019, Hesteel acquired a 70% stake in Indian steel producer Tata Steel to expand its international market share, primarily in Southeast Asia which has witnessed increased expenditure on construction & infrastructure projects.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

According to report, structural steel market size is estimated to be pegged at USD 503.8 Billion by 2026.

Structural steel market size is expected to grow at a crcr of 7.7% over the forecast period.

According to the report published by Global Market Insights Inc., the structural steel business is expected to hit at $500 billion (USD) by 2026.

Growing steel consumption and increasing residential housing units, rising infrastructure, increasing number of skyscrapers, and an upsurge in residential and non-residential infrastructure are the key factors expected to drive the growth of global market.

ArcelorMittal S.A., Shagang Group Co., Ltd., Hesteel Group Company Limited, Nippon Steel & Sumitomo Metal Corporation, POSCO, VISA Steel,Steel Authority of India Limited, Anyang Iron & Steel Group Co., Ltd, China BaoWu Steel Group Corporation Limited, Tata Steel, China Steel Corporation, Novolipetsk Steel, Evraz Group, Hyundai Steel Co., Ltd. (HSC), SHYAM STEEL INDUSTRIES LIMITED, Shaaban Steel, Gerdua S/A JSW Steel Limited, Maanshan Iron and Steel Company, Nucor Corporation, Nanjing Iron & Steel United Co.

The Asia Pacific region contributed to the highest market share in 2019 and is estimated to continue its lucrative run during the forecast period.