MRO Magazine

Research and Markets: Market Demand for Steel Processing is Projected to Grow at $642.43 Billion by 2020 and CAGR of 2.16% from 2015 to 2020

June 16, 2015
By Business Wire News


Research and Markets ( has announced the addition of the “Steel Processing Market by Type, Shape of Steel, End User Industry & by Region – Trends & Forecast to 2020” report to their offering.

The growth in the construction, consumer appliances, and automotive industries throughout the world has played a huge part in providing the necessary momentum to the global steel processing industry, after the economic slowdown between 2007 and 2009. Also, the fact that there are less substitutes of steel has made steel indispensable from customers’ lives. The recovery of global economy would also boost the demand for the steel processing market.

The Asia-Pacific region is projected to be the fastest growing from 2015 to 2020 for steel processing market. The key players of steel processing prefer agreements, contracts, joint ventures, and partnership strategies and expansions & investments to garner a larger share in the market. The leading steel processing products and service providers are focusing on emerging countries that are estimated to show potential for industrial development in the near future.

Companies Mentioned:

– Angang Steel Company Limited

– ArcelorMittal (Luxembourg),

– Baosteel Group Corporation (China)

– Gerdau S.A.

– JFE Holdings, Inc.

– Nippon Steel & Sumitomo Metal Corporation (Japan)

– Maanshan Iron & Steel Company Limited

– POSCO (South Korea),

– Tata Steel Limited Ltd.

– United States Steel

For more information visit

About Research and Markets

Research and Markets is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets
Laura Wood, Senior Manager
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