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DUBLIN-(BUSINESS WIRE)–The “United States Crude Steel Industry: Insights and Forecasts with Potential Impact of COVID-19 (2022-2026)” report has been added to ResearchAndMarkets.com’s offering.
The US crude steel market is projected to reach US$ 110.0 billion in 2026, with a CAGR of 6.12% during the period 2022 to 2026. The growth of the US crude steel market is supported by factors such as booming automotive industry and the acceleration of the urban population. The United States-Mexico-Canada Agreement (USMCA) is likely to have a positive impact on the US crude steel market. However, the growth of the market is expected to be limited by the increasing problem of excess capacity of crude steel production.
The US crude steel market by production process can be segmented into the following segments: electric arc furnaces and basic oxygen furnaces. In 2021, the dominant share of the American crude steel market was held by: electric arc furnaces, followed by basic oxygen furnaces. The US crude steel market by chemical composition can be segmented as follows: carbon steel, alloy steel, stainless steel and tool steel. Carbon steel had the largest market share, followed by alloy steel, stainless steel and tool steel. The US crude steel market by steel mill products can be segmented as follows: flat steel products and long steel products. Flat steel products have the largest market share, followed by long steel products.
The US crude steel market by end-user industry can be segmented into the following segments: construction, automotive, machinery/equipment, energy, appliances, and other applications. In 2021, the construction industry dominated the market, followed by the automotive industry, machinery and equipment industry. Factors such as increased construction and infrastructure projects and booming oil and gas industry have helped fuel the market growth of the US crude steel market.
Report scope
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The report provides a comprehensive analysis of the US crude steel market with the potential impact of COVID-19
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Market dynamics such as growth drivers, market trends and challenges are analyzed in detail.
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Company profiles of leading players (Cleveland Cliffs, Inc., Commercial Metals Company, Nucor Corporation, Steel Dynamics Inc., United States Steel Corporation and Reliance Steel and Aluminum Co.) are also detailed.
Market Dynamics
Drivers of growth
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The automotive industry is booming
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Accelerating urban population
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Increased construction and infrastructure projects
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Accelerating the consumer durables industry
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The oil and gas industry is booming
Key trends
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Green Steel
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US-Mexico-Canada Agreement (USMCA)
Challenges
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Trade war and increase in raw material prices
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The problem of excess capacity
Key target audience
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Steel manufacturers
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Suppliers of raw materials
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End users (businesses/consumers)
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investment banks
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Government bodies and regulatory bodies
Key topics covered:
1. Market overview
2. Impact of COVID-19
3. Market analysis
4. Market dynamics
5. Company profiles
The mentioned companies
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Cleveland Cliffs, Inc.
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Commercial Metals Company
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Nucor Corporation
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Steel Dynamics, Inc.
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United States Steel Corporation
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Reliance Steel and Aluminum Co.
For more information on this report, visit https://www.researchandmarkets.com/r/n720id
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