Market Research Report
Steel Global Industry Almanac 2015-2024
|Steel Global Industry Almanac 2015-2024|
Published: December 30, 2020
Content info: 644 Pages
Delivery time: 1-2 business days
Global Steel industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2015-19, and forecast to 2024). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
The steel market consists of the production of crude steel in the stated country or region.
Crude steel production refers to the production of the first solid steel products upon solidification of liquid steel. It includes ingots (in conventional mills) and semis (in modern mills with continuous casting facilities). Crude steel also includes liquid steel, which goes into the production of steel castings.
Market values have been calculated using appropriate regional annual average steel prices.
Market shares reflect volumes of steel produced by a company in a respective market.
Any currency conversions used in this report have been calculated using constant annual average 2019 exchange rates.
Figures presented in this report are calculated applying the "middle path" scenario - this is based on the current situation in countries where the epidemic burst first, like China as a model countries and the announcements made by governments, stating that the abnormal situation may last up to six months.
The assumption has been made that after this time the economy will gradually go back to the levels recorded before the pandemics by the end of the year. It is also assumed that there is no widespread economic crisis as seen back in 2008 due to announced pay-outs across countries.
At the moment of preparation of this report in October 2020 the economic implications of the lock downs of many economics are still very difficult to predict as there is no indication how long the pandemics could last, the number of sectors forced to stay closed and the scale of the government aid involved.
The global steel market had total revenues of $1,067,748.3m in 2019, representing a compound annual growth rate (CAGR) of 11.1% between 2015 and 2019.
Market production volume increased with a CAGR of 3.6% between 2015 and 2019, to reach a total of 1,783.3 million metric ton in 2019.
The value of the global steel market declined by 2.9% in 2019, after two years of strong double-digit growth.