Special Steel Market Research Reports on Trends and Forecasts for Global and Chinese Regions

The global steel processing market is estimated to exhibit a lucrative growth potential of about 2.16% for the next five years. The growth of this market is propelled by an increase in the construction and automotive industry throughout the world. Also, the fact that there are no immediate substitutes of steel has made steel products an important part of daily lives of the people. The research titled Steel Processing Market by Type (Carbon Steel, Alloy Steel,Mould steel), Shape of Steel (Long, Flat and Tubular), End User Industry (Construction, Shipping, Energy, Packaging, Consumer Appliances, Housing, Automotive), & by Region - Trends & Forecast to 2020 says Asia-Pacific would be the largest market for steel processing because of the willingness of companies in the region to take up capital intensive projects, along with the availability of technical expertise. Construction as an end-user segment is expected to dominate the global steel processing market. Carbon steel type is projected to have the largest market during the forecast period. Subsequently, long shaped steel will dominate the steel processing market from 2015 to 2020