NEW YORK, Dec. 11, 2014 /PRNewswire/ — US is the third largest steel producer in the world, with nearly 5.4% share in world crude steel production, as well as one of the leading steel consumers. The industry has benefited from soaring steel demand in the automotive, construction and oil & gas sectors. Furthermore, the cost effective and highly efficient steel making technologies have worked as a catalyst and uplifted the US steel demand in the international markets.
In their latest research report, “US Steel Industry Outlook 2019”, RNCOS’ analysts identify that the US steel industry has been playing an important role in the country’s overall economic development. Crude steel production is expected to grow around 4.8% in 2014, while consumption will increase more than 5.7% during the same period. We expect that this trend will continue in future also due to increase in consumption from various industrial sectors.
The report studies the US steel industry in terms of production, consumption, export and import by the sector; and makes a steel demand analysis along with price analysis; and so on. A product-wise production and consumption has also been discussed including long products, flat products and seamless tubes with forecast till 2019. This report also provides further break down of long products’ production into concrete reinforcing bars; bars and wire rods; and flat products into electrical sheets & strips, tin mill and other metallic coated sheets & strips. Moreover, the US steel consumption pattern, broken down by type of product, has been presented which represents that flat products account for the major share in total steel consumption in the country. The report also provides the consumption of finished steel by product, including stainless steel sheet/strip, plate, bar, rod and wire.
RNCOS’ comprehensive study further includes information based on a steel demand analysis in various sectors including automobiles, energy, construction, container, defense and security etc. In addition, the report provides a steel pricing analysis, including steel spot prices and average scrap prices. Major market trends and drivers that are prevailing in the US steel industry are also discussed in the report.
Besides, there’s a detail analysis of key players with their business description, current and historical financial analysis and strengths & weaknesses. The players’ production growth rate analysis is also given in comparison with the industry’s average growth rate which can help to understand the direction in which the US steel industry is likely to move in future.
Source: www.prnewswire.com; December 1, 2014.