Report Code: A11941 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Crude Steel Market
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Crude steel refers to a variety of solid steel products that are supplied to third-party clients for additional processing or direct use/consumption. Ingots, semis, and finished steel products are all included in this category. In most cases, liquid steel is not exchanged. In addition to crude steel, liquid steel is used in manufacturing of steel castings. Steel made from iron ore accounts for more than two-thirds of the global crude steel output. By combining iron ore, coal/coke, and limestone in a blast furnace, iron ore is converted to iron (BF). A basic oxygen furnace is used in the second step to transform the iron into steel (BOF). Blooms, billets, slabs, or plates are produced by the crude steel industry, which are then mechanically turned into rails, structural elements, bars, sheets, or wires. Steel made from iron ore accounts for more than two-thirds of global crude steel output.
Covid-19 Impact Analysis
Top Impacting Factors
China, Japan, India, and the U.S. are the major steel-producing countries, with China having the biggest proportion of global crude steel output. Steel goods come in a variety of shapes and sizes, including slabs, rebars, and rods, each with its own set of benefits. Due to COVID-19, the building industry's slump is making demand growth for crude steel in 2020 more difficult to meet. Â The crude steel industry is highly fragmented, with top five competitors controlling just a small portion of it.
Market trends
Key Benefits of the Report
Questions answered in the Crude Steel Market Report
Crude Steel Market Report Highlights
Aspects | Details |
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By Composition Type |
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By Manufacturing Process |
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By End-Use Industry |
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By Region |
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Key Market Players | Steel Authority of India Ltd., Tata Steel Ltd.’s Steel Ltd., Essar Steel India Ltd., China Baowu Steel Group Corp, Jindal Steel & Power Ltd., HBIS Group, ArcelorMittal, Rashtriya Ispat Nigam Ltd., POSCO, NIPPON STEEL CORPORATION |
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