U.S. Raw Steel Industry Report 2021: Market Insights and Forecast with Potential Impact of COVID-19 through 2025

DUBLIN, November 02, 2021– (BUSINESS WIRE) – The report “US Raw Steel Industry: Information and Forecast with Potential Impact of COVID-19 (2021-2025)” has been added to ResearchAndMarkets.com offer.

The US crude steel market is expected to reach US $ 104.28 billion in 2025, growing at a CAGR of 6.12% during the period 2021 to 2025.

The growth of the US crude steel market has been supported by factors such as the boom in the automotive industry and the acceleration of the urban population. The United States-Mexico-Canada (USMCA) agreement is expected to have a positive impact on the US crude steel market. However, market growth is expected to be held back by the growing problem of excess crude steel production capacity.

The US crude steel market by production process can be segmented into the following segments: electric arc furnace and basic oxygen furnace. In 2020, the dominant share of the US crude steel market was held by: the electric arc furnace, followed by the basic oxygen furnace.

The US raw steel market by chemical composition can be segmented as follows: carbon steel, alloy steel, stainless steel, and tool steel. The largest share of the market was held by carbon steel, followed by alloy steel, stainless steel and tool steel.

The US crude steel market by steel mill products can be segmented as follows: flat steel products and long steel products. The largest share of the market is held by flat steel products, followed by long steel products.

The US crude steel market by end user industry can be segmented into the following segments: construction, automotive, machinery / equipment, power, household appliances, and other applications. In 2020, the dominant market share was held by the construction industry, followed by the automotive industry, machinery / equipment.

Factors such as the increase in construction and infrastructure projects and the boom in the oil and gas industry have helped drive the growth of the US crude steel market.

Main topics covered:

1. Market overview

1.1 Introduction – Steel

1.2 Types of steel

1.3 Steel products

1.3.1 Flat steel products

1.3.2 Long steel products

1.3.3 Stainless steel products

1.4 Value chain analysis

1.5 Advantages of steel

1.6 Disadvantages of steel

2. Impact of COVID-19

2.1 Impact of COVID-19 on the US steel industry

2.2 Price volatility

2.3 Reduced demand for steel

2.4 Impact of COVID-19 on the US auto industry

3. Market analysis

3.1 The Market Value of Crude Steel in the United States

3.1.1 The US crude steel market by value

3.1.2 US Crude Steel Market Forecast by Value

3.1.3 The Market Value of Raw Steel in the United States by Chemical Composition

3.1.4 The US crude steel market (by chemical composition) in value

3.1.5 US Crude Steel Market Forecast (by Chemical Composition) by Value

3.2 The United States Crude Steel Market by Chemical Composition

3.2.1 United States Carbon Steel Market by Type

3.2.2 The US Carbon Steel Types Market by Value

3.2.3 US Carbon Steel Type Market Forecast by Value

3.2.4 US Stainless Steel Market by Category

3.2.5 The United States Market of Stainless Steel Quality by Value

3.2.6 US Stainless Steel Quality Market Forecast by Value

3.3 The US crude steel market in volume

3.3.1 Crude steel production in the United States

3.3.2 United States Crude Steel Production Forecast

3.3.3 Apparent consumption of crude steel in the United States in volume

3.4 The United States Crude Steel Market by Production Process

3.4.1 United States Crude Steel Production Volume by Process

3.5 The United States Crude Steel Market by Steel Mill Products

3.5.1 The US market for raw steel products by volume

3.5.2 United States Raw Steel Mill Products Market Forecast by Volume

3.6 The United States Crude Steel Market by End User

3.6.1 The US structural steel market by volume

3.6.2 The US Automotive Steel Market in Volume

3.6.3 The United States Machinery and Equipment Steel Market by Volume

3.6.4 The US energy steel market by volume

3.6.5 The US Household Electrical Appliances Market by Volume

3.7 U.S. imports of crude steel

3.7.1 US crude steel imports in volume

3.8 US exports of crude steel

3.8.1 US crude steel exports in volume

4. Market dynamics

4.1 Growth drivers

4.1.1 Booming Automotive Industry

4.1.2 Acceleration of the urban population

4.1.3 Increase in construction and infrastructure projects

4.1.4 Accelerate the durable consumer goods industry

4.1.5 Growing Oil and Gas Industry

4.2 Key trends

4.2.1 Green steel

4.2.2 United States-Mexico-Canada Agreement (USMCA)

4.3 challenges

4.3.1 Trade war and rising commodity prices

4.3.2 Overcapacity problem

5. Competitive landscape

5.1 Global market

5.1.1 Income comparison – Key players

5.1.2 Market capitalization comparison – Key players

5.1.3 Product Comparison – Key Players

6. Company profiles

6.1 Company overview

6.2 Financial overview

6.3 Business strategy

  • Cleveland Cliffs, Inc.

  • Trading metals company

  • Nucor Company

  • Dynamic Steel, Inc.

  • United States Steel Company

  • Reliance Steel and Aluminum Co.

For more information on this report, visit https://www.researchandmarkets.com/r/slnw26

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211102006020/en/

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