Research and Markets: Global Iron and Steel Industry 2012-2017 Report
Features Players such as ThyssenKrupp and Nippon Steel

DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/4s43s9/global_iron_and)
has announced the addition of the “Global
Iron and Steel Industry 2012-2017: Trend, Profit, and Forecast Analysis”
report to their offering.

“Global
Iron and Steel Industry 2012-2017: Trend, Profit, and Forecast Analysis”

The global iron and steel industry is expected to witness good growth
during the next five years, and the industry revenue is forecast to
reach an estimated $1,715 billion in 2017 with a CAGR of 5.1% over the
forecast period.

The iron and steel industry is highly fragmented. Asia dominates this
industry and represents 61%. Some of the major players in this industry
are Arcelormittal, ThyssenKrupp, Nippon Steel, and POSCO. A combination
of factors such as growth in related complementary industries and
governmental regulations, cyclical fluctuations in input prices, general
economic conditions, and end-use markets are witnessed to impact the
industry dynamics significantly.

Lucintel’s research indicates that the unavailability of raw materials
from the mining sector such as iron ore, coal, and power and achieving
economies of scale to reduce costs and improve the quality of output are
challenges being faced by the industry. Technological advancement and
new product development at competitive prices will be the key factors
for future market growth. APAC is projected to lead the industry over
the forecast period. The emerging markets of China and India are
expected to witness growth on the back of robust demand from key end
user markets such as construction, automotive, and consumer durables. A
high rate of growth in emerging economies will lead to growth of iron
and steel market.

This comprehensive guide from Lucintel provides readers with valuable
information and the tools needed to successfully drive critical business
decisions with a thorough understanding of the market’s potential.

Companies Mentioned

– Arcelormittal

– ThyssenKrupp

– Nippon Steel

– POSCO

For more information visit http://www.researchandmarkets.com/research/4s43s9/global_iron_and