The evolution of the steel industry in the U.S. until 2019

The USA is the third largest steel producer in the world, with a share of almost 5.4% of global crude steel production. Also, one of the most important consumers of steel in the world. The industry benefited from the increase in demand for steel in the automotive industry, construction and in the gas and oil sector. In addition, cost-effective and highly efficient steelmaking technologies worked as a catalyst. Increasing demand for US steel in international markets.

In the latest research report, „US Steel Industry to 2019”, RNCOS analysts (company that provides business consulting services) identify the fact that the US steel industry has played an important role in the overall economic development of the country.

The USA is among the first in the global production of crude steel

The report studies the US steel industry in terms of production, consumption, export and import of crude steel. And make an analysis of the demand for steel together with the price analysis. The production forecast until 2019 of several types of products was also discussed, such as: long products, flat products and seamless pipes.  Moreover, the US steel consumption model, broken down by product type, was presented. What highlighted the fact that flat products represent the major share of steel consumption in the country. The report also provides forecasts of the consumption of finished steel products. Including stainless steel plates (stainless steel), plates, bars and wire.

The comprehensive study carried out by RNCOS includes more information based on an analysis of steel demand in various sectors. Such as automotive, energy, construction, defense and security. In addition, the report provides an analysis of steel prices, including scrap metal. Major trends prevailing in the US steel industry are also discussed in the report.

There is also a detailed analysis of the main players in the market. With their business description, current and historical financial analysis and strengths and weaknesses. Production growth rate analysis for these players are also presented in comparison to the average industry growth rate, which can help paint a direction in which the US steel industry is likely to head in the future.

You can download the full report here

Article source: http://www.prnewswire.com/news-releases/us-steel-industry-outlook-2019-300054424.html