Forecasts for the steel market 2015-2025: Future opportunities for top companies

The world steel market will reach 1,300 billion dollars in 2015. Production levels will reach 1,694.73 million tons. While consumption will reach 1,545.50 million tons. The market has been in decline in recent years, as a result of the overcapacity of steel that has pushed prices down. The global recession that hit the goods sector hard also contributed to the decline of the steel sector. The steel market is expected to grow at a slow pace. In the first half of the forecast period (2015-2020). And it is followed by a more alert growth in the second half of the forecast period (2020-2025).

Visiongain (an important business information portal, which keeps you up to date with important changes taking place in various industries. Predicts that overcapacity will remain a problem in the next decade. This will be attributed mainly to China’s opposition to reducing production levels. As well as because of the low demand, all over the world.

The global steel market is dominated by China

The steel market was dominated by China, which covers half of the world market. It is the largest and fastest producer and consumer of steel and will maintain its leading position throughout the forecast period. India, Taiwan, Iran, Japan, Mexico and South Korea are other countries that show strong growth in terms of steel production and consumption. Global steel demand in the next ten years will depend mainly on emerging economies. However, economic conditions for the steel industry worldwide remain unstable and challenging.

The main factors that have led to a previous, significant increase in the demand for steel are the development of new infrastructures and the needs of the growing middle class in developing countries. The construction, automotive and goods sector will attract a high demand for steel in the next decade. The construction sector will be the key consumer of steel in the forecast period (2015-2025), for which an increase above the global trend is expected.

This report analyzes the global steel market for 7 key sectors (construction, automotive engineering, mechanical engineering, electrical engineering, oil and gas, household appliances and other applications) and 17 national markets, plus the rest of the world. Analyzes and forecasts present both volume and value data.

Questions and answers regarding the future of the steel industry

What does the future of the steel industry predict? Will this market have a prosperous future? What prevents the growth of the steel market? Will prices continue to decline? Which industries will consume steel faster than others?

The new Visiongain report answers these questions and offers you predictions on the demand and supply of the steel market expressed in value ($ billions) and volume (million tons), the evaluation of submarkets and top companies, trends, opportunities and perspectives until the year 2025. In addition to the revenue forecast until 2025, this report offers you market shares, business perspectives, a qualitative analysis, profiles and revenue forecasts of the top companies in the industry. This report will help you make the right decisions and guide your business strategy.

You can download the full report here: http://www.reportlinker.com/p03076141-summary/Steel-Market-Forecast-Future-Opportunities-for-Leading-Companies.html