"Catapult Your Business to Fore, Gain Competitive Advantage "

Steel Ingots Market Size, Share and Global Trend By Type (Stainless Steel, Mild Steel), By Application (Construction, Automotive & Aerospace, Energy, Engineering, Others), and Geography Forecast till 2026

Region : Global | Report ID: FBI100646 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Steel ingot is a rectangular in cross-section, weighs between 25 to 30 tons, and is rolled into blooms and billets (for making bars, rods, and sections) and slabs (for making plates, sheets, and strips). In a continuous casting process, common practice is to directly cast the metal into blooms or billets. Steel ingot market caters to demand from various application segments which uses stainless steel, such as building and construction, heavy industries, consumer goods, and others.


Steel ingot market conditions have been improving gradually in most regions since late 2015. Over the short and medium term, important headwinds include the increase in trade actions, the rising number of new capacity investments, the presence of distortive government support and subsidization, and downside risks to world GDP growth once fiscal and monetary policy stimuli are withdrawn, the steel market is expected to take a paced up growth rate.

To gain extensive insights into the market, Request for Customization


Furthermore, steel market has continued to improve since January 2017, possibly reflecting the increase of steel prices and improvements in steel demand. Rising demand from end-use industries such as automotive, oil and gas, and construction is anticipated to propel the growth of steel ingot market. Moreover, increasing investments in R&D for steel manufacturing is projected to contribute to the growth of the market.


Key Players in the Industry


Key players operating in the global steel ingots market are North American Stainless, Baosteel Group Hu ICP, ArcelorMittal, SHAGANG GROUP Inc., JSCMS, Mirach Metallurgy Co. Limited, NIPPON STEEL CORPORATION, HBIS GROUP, POSCO, Sandvik AB, SCHMOLZ + BICKENBACH AG, thyssenkrupp AG & Viraj Profiles Limited.


SEGMENTATION






















SEGMENTATION



 DETAILS



By Type



·         Stainless Steel


·         Mild Steel



By Application



·         Construction


·         Automotive & Aerospace


·         Energy


·         Engineering


·         Others



By Geography



·         North America (USA & Canada)


·         Europe (UK, Germany, France, Italy, Spain, Scandinavia & Rest of Europe)


·         Asia Pacific (Japan, China, India, Australia, Southeast Asia & Rest of Asia Pacific)


·         Latin America (Brazil, Mexico and Rest of Latin America)


·         Middle East & Africa (GCC, South Africa & Rest of Middle East & Africa)



 


Regional Analysis:


In Europe, demand in mechanical engineering is expected to provide some impetus for overall growth of the steel industry. Additionally, the construction sector is expected to drive the growth of steel ingots market as a result of increased residential construction demand, which is supported by higher wages, strong consumer confidence as well as favorable financing costs in countries like Italy, France & Germany. Moreover, after high growth rates in recent years, the European Union car industry is expected to grow at stable rate aiding to the growth of the steel market.


In Asia-Pacific, steel demand growth in China is projected to be supported by the infrastructure investment projects, such as construction of roads, bridges and subways. Whereas in Middle East, Gulf Coast Conference (GCC) economies such as UAE, Qatar & Saudi Arabia are financing important infrastructure projects and public works which is anticipated to drive the ingot market. In the United Arab Emirates (UAE) and Qatar, demand for steel products is expected to increase, as the construction sector will benefit from improved demand, since preparations for the 2020 Expo in Dubai and the 2022 Football World Cup in Qatar.


Key Industry Development


  • June 2018: 50:50 joint venture between Tata Europe and ThyssenKrupp was signed, the new entity, second in size only to ArcelorMittal, is expected to be established in late 2018 or early 2019

Steel Ingots Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2019
  • 2016-2018

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization

Machinery & Equipment Clients

Yokogawa_logo
CJ_logo
Atlas_Copco_logo
Kawasaki_Logo_vert
Ascentek

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X