Steel Products Market Revenue | Faster Speed, Key Development, Market Growth, Report Analysis
Market Summary The global market for steel products is expected to register a CAGR of ~2.5%. In terms of volume, the market was pegged at 1,800 million metric tons in 2018. The steel products market revenue is expected to witness moderate growth during the forecast period owing to the healthy growth of various end-use industries, including automotive, electrical & electronics, construction, oil & gas, and shipbuilding. With the growing population, urbanization, and rapid industrialization along with economic growth in developed as well as developing countries is expected to support the growth of the global steel products market during the forecast period. Segment Analysis The product types analyzed under the scope of the steel products market are structural steel, iron steel wire, ingots and semi-finished material, bars and rods, tubes and pipes, castings & forgings, plates & sheets, and others. The structural steel segment is expected to hold a dominant share of