IndexBox has just released a new report "U.S. Iron, Steel And Ferroalloy Market - Analysis And Forecast to 2025".
According to the report, the value of iron, steel and ferroalloy production in the U.S. amounted to $75.7B in 2016, reducing by -10.3% from the previous year. Overall, the U.S. iron, steel and ferroalloy output pursued a significant decline from 2007 to 2016. The total output figures decreased at an average annual rate of -5.8%. The trend pattern, however, indicated some noticable fluctuations throughout the analyzed period. The most considerable growth was recorded in 2010, when the value of production increased by +48% against the previous year level. Over the period under review, the output figure with regard to iron, steel and ferroalloy in the United States attained its maximum level of $122.3B in 2008. Afterwards, the growth in terms of the iron, steel and ferroalloy production failed to regain its strength through to 2016.
Hot rolled steel bars and bar shapes, plates, structural shapes, and piling (including concrete reinforcing and tool steel bars), made in steel mills accounted for the highest share (28% in 2016) of U.S. iron, steel and ferroalloy manufacturing, leaving a considerable room for hot rolled steel sheet and strip (including tin mill products, tinplate, blackplate, terneplate, and tin-free steel), made in steel mills (28%). The other related products with less notable individual shares together comprised approx. 44% of the total output. From 2008 to 2016, the value of shipments of hot rolled steel bars and bar shapes, plates, structural shapes, and piling (including concrete reinforcing and tool steel bars), made in steel mills declined at an average annual rate of -5.5%. At the same time, the output of hot rolled steel sheet and strip (including tin mill products, tinplate, blackplate, terneplate, and tin-free steel), made in steel mills fell by an average -2.3% per year.
This report is designed to provide accurate and comprehensive data, as well as a detailed analysis of the current state and midterm prospects of the U.S. iron, steel and ferroalloy industry. It includes a market overview, which consolidates the key conclusions made from the analysis of the market study, revealing actionable insights in the iron, steel and ferroalloy industry. The report provides a forecast of the expected changes in the iron, steel and ferroalloy market in coming years, based on historical trends, external and internal factors, and the main developments affecting the market. Each section contains an in-depth analysis of the data provided. Further data in the report includes: the historical values and current projections regarding production and consumption volume, datasets on the industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.
The trade section provides data on trade partners, such as historical data on imports & exports for each partner country, changes in the direction of trade, as well as import & export prices. An analysis of the iron, steel and ferroalloy trade shows the opportunities that are currently evolving for producers and suppliers in a changing market.
Product coverage: Coke oven and blast furnace products, made in steel mills; Steel ingots and semifinished shapes and forms, made in steel mills; Hot rolled steel sheet and strip (including tin mill products, tinplate, blackplate, terneplate, and tin-free steel), made in steel mills; Hot rolled steel bars and bar shapes, plates, structural shapes, and piling (including concrete reinforcing and tool steel bars), made in steel mills; Steel wire, including galvanized and other coated wire, made in steel mills producing wire rods or hot rolled bars; Steel pipes and tubes, made in steel mills producing semifinished shapes or plate; Cold rolled steel sheet and strip, made in steel mills producing hot rolled sheet or strip; Cold finished steel bars and bar shapes, made in steel mills producing hot rolled bars and bar shapes; Seamless rolled ring forgings, ferrous, made in steel mills; Open die and smith forgings (hammer and press), ferrous, made in steel mills; Other steel mill products, including steel rails, excluding wire products; Ferrosilicon, including briquettes, and other silicon alloys; All other ferroalloys, superalloys and ferrous materials, excluding pig iron; Iron and steel mills and ferroalloy manufacturing, nsk, total.
Companies mentioned:
Gerdau Ameristeel Corporation, Nucor Corporation, United States Steel Corp, Commercial Metals Company, AK Steel Corporation, Carpenter Technology Corporation, Steel Dynamics, Suncoke Energy, Evraz Inc. NA, Arcelormittal USA, Allegheny Technologies Incorporated, Gerdau USA Inc., L. B. Foster Company, Nucor-Yamato Steel Company (limited Partnership), Ellwood Group, Charter Manufacturing Company, Timkensteel Corporation, Titan International, Atlas Copco North America, Allegheny Ludlum, The Renco Group, O utokumpu Stainless Usa, Gerdau Ameristeel US, Arcelormittal Burns Harbor, Arcelormittal Holdings, Ssab US Holding, AK Steel Holding Corporation, Ssab Enterprises, China Industrial Steel Inc., Suncoke Energy Partners.
IndexBox’s methodology consists of obtaining information from a list or highly reliable sources (both paid and open), which include, but are not limited to:
- International official statistical agencies
- Governmental statistical agencies
- Official trade statistics
- Paid trade databases
- Industrial associations
- Company reports
- Industry experts
The AI platform, developed by IndexBox data scientists, compares the disparate pieces of information gathered from various sources, using the relevant methods of data cleaning, categorization, normalization, and predictive modelling for each unique situation. The market trends are provided by our experienced analysts, taking into account recent notable events in the market, in both adjacent and related markets, the raw materials markets, and in those markets, which are the main demand creators for the product under research. The forecast is created using a set of predictive and analytical models, mainly by processing country-by-country data on consumption, production, exports, imports and prices, as well as industry, economic and consumption trends, in addition to possible political and technological trends patterns.
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