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The global Structural Steel market was valued at 591.72 Million USD in 2021 and will grow with a CAGR of 4.91% from 2021 to 2027, based on Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Structural steel is a category of steel used as a construction material for making structural steel shapes. A structural steel shape is a profile, formed with a specific cross section and following certain standards for chemical composition and mechanical properties. Structural steel shapes, sizes, composition, strengths, storage practices, etc., are regulated by standards in most industrialized countries.Structural steel has many uses in the modern world, but the application most associated with it is in construction. It is one of the most vital materials used in building, favored for a number of reasons, the main beings it versatility, relatively low production cost, high strength, sustainability and availability. Structural steel is categorized into shapes, each with their own compositional properties that are regulated by standards, which differ between different countries. Geographically, the production of Asia concentrates in China, Japan, Korea, and India, which totally account for about 81.25% of the Asia production in 2015. China accounted for 64.86% of the production market share during 2015 and is predicted to retain its leadership until the end of 2022. Southeast Asia is the most promising market of structural steel in Asia, among which, Thailand, Philippines, Vietnam, Indonesia takes the leading share. The market of structural steel is quite concentrated. Tata Steel, Nippon Steel Sumitomo Metal, POSCO, Baosteel, Ansteel, Wuhan Iron and Steel, are the key suppliers in the Asia structural steel market. The five then took up about 30.23% of the Asia production market in 2015.

By Market Verdors:

• Gerdau S.A
• ArcelorMittal
• Tata Steel
• Nippon Steel Sumitomo Metal
• POSCO
• ThyssenKrupp
• JSW Steel
• Essar Steel
• TISCO
• Southern Steel Company (SSC)
• Pomina
• Krakatau Steel
• Sahaviriya Steel Industries
• G Steel PCL
• SAMC
• Capitol Steel
• Hyundai Steel
• Nucor Steel
• Baosteel
• Ansteel
• Wuhan Iron and Steel
• Shagang Group
• Shandong Iron & Steel Group
• Ma Steel
• Bohai Steel
• Shougang Group
• Valin Steel
• Anyang Iron & Steel Group
• Baogang Group
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By Types:

• I-Beam
• Angle (L-Shape)
• Hollow Structural Section (HSS) Shape
• Z-Shape
• T-Shaped
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By Applications:

• Construction Industry
• Transportation Industry
• Machinery Industry
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Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
• Besides the standard structure reports, we also provide custom research according to specific requirements.