According to Goldstein Research, China accounted for huge construction activities over the past decade and thus the growing economy of China has fuelled the demand of steel at exponential rates. In current scenario, China is estimated to face stagnant demand and production of steel due to the overcapacity issues. U.S. is the largest steel importer, valued around USD 29 billion in 2017, and China is the 5th largest steel exporting country to U.S. China Steel export to US is low primarily due to trade restrictions imposed on China by American import controls and duties. China steel industry outlook also includes new product developments and capital investment as the key strategies adopted by the major players for significant expansion of business in developed and as well as in developing countries across the globe.
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On the basis of our in-depth analysis, China steel industry can be segmented as follows:
By End User
• Domestic Appliances
• Electrical Equipment
• Metal Products
• Others (machinery, etc.)
“China Steel industry Outlook 2025” contains detailed overview of the China steel industry. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by end users.
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Further, for the in-depth analysis, China Steel Industry Analysis encompasses the industry growth drivers, market challenges, market attractiveness, BPS (Base Point Scale) analysis, risk analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as China Steel Corporation, China Baowu Group, Baosteel Group, Hesteel Group, Shagang Group etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents the China steel industry trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new market players searching for opportunities and other investors to positions their market centered strategies according to the evolving and expected trends in the future.
Key questions answered in this China steel industry report
• What is the China steel industry size by 2025 and what would be the expected growth rate of the industry?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the steel industry trends?
• What are the factors which are driving this industry?
• What are the major barriers to steel industry growth?
• Who are the key vendors in this industry space?
• What are the industry opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?
China steel industry is bolstering on the basis of advancement in following markets:
Steel Rebar Industry:
Growing rapid urbanization and growing investment in the construction sector to develop infrastructure and to speed up the economic growth by developing manufacturing sector especially in developing countries is likely to spur the growth prospects for this market until the end of 2025. According to Goldstein Research, global steel rebar industry is expected to expand at a CAGR of 16.1% over the forecast period (2017-2025) to harness the total market revenue of USD 156.2 billion by 2025.
Global Steel Pipes Market:
In 2016, China witnessed a growth in domestic steel consumption by 1.8% over the previous year. And Russia saw an up surge in steel production by 0.3% in 2016 reaching to 69.6 million tons. Our global steel pipes market report also includes product development, marketing and investment strategies adopted by major market players in order to expand their business across the globe.
Global High Strength Steel Market:
For reducing automotive weight and going economic and ecological to cut CO2 is the chief driving factor in the growth of global HSS market. According to Goldstein Research, global high strength steel market is expected to reach USD 24.3 billion by 2024, growing at a CAGR of 7.9%.