London, 03 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Steel Mills Products Market 2015-2019, which is expected to grow at a CAGR of 2.64 percent during the forecast period 2014-2019.
“Here will be more demand for consumer durables, which use steel as one of the major raw materials for their production as a high demand for steel to build skyscrapers and public transport infrastructure is expected,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Governments Promoting New Facilities and Local Steel Manufacturers
- Consolidation of Chinese Steel Manufacturers
- Growth of End-user Industries
Key Market Trends
- Economic Recovery in Developed Markets
- Increase in Global Population
- Closure of Primitive and Inefficient Steel Mills
Key Market Vendors
- ArcelorMittal S.A.
- Baoshan Iron & Steel Co. Ltd.
- Nippon Steel & Sumitomo Metal Corp.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
