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Follow on Google News | A new report by Visiongain predicts that the World Market for Steel will reach $1.3 trillion in 2015By: Visiongain 
vg The purpose of that analysis is to give an overview of the current state of the steel market and predict where it is heading over the next ten years. This report also contains the analysis of the key drivers and restraints of the steel market as well as its potential opportunities and challenges. The steel market has been declining over the past few years as a result of the large oversupply of steel that pressured prices downwards. The global recession that hit the commodities sector hard also contributed to the shrinking growth. As a result, the steel market is expected to grow at a slow rate in the first half of the forecast period (2015-2020) before accelerating at a higher rate in the second half of the forecast period (2020-2025). Visiongain predicts that an oversupply will remain over the next decade. This will be mainly attributed to the resistance of China to cut production levels and declining demand across the world. The steel market has been dominated by China, accounting for half of the global market. It is the largest and fastest growing producer and consumer of steel and it will retain its leading position throughout the forecast period. India, Taiwan, Iran, Japan, Mexico and South Korea are other countries exhibiting strong growth in terms of steel production and consumption. Global steel demand over the next decade will mainly depend on the emerging economies. However, economic conditions for the global steel industry remain uncertain and challenging. The main factors that led to a previously significant increase in demand for steel are new infrastructure developments and the growing needs of the increasing middle class in the developing countries. The construction, automobile, and white goods industries will attract a high demand for steel over the next decade. The construction sector will be the key consumer of steel over the forecast period (2015-2025) as we predict growth above the global trend. What does the future hold for the Steel market? Will this market have prosperous future? What is restraining the growth of the Steel market? Will the prices for Steel decline further? What industries will consume Steel faster than others? What are the leading companies in the Steel market? This 304 page report contains 344 tables, charts and graphs that add visual analysis in order to explain developing trends within the Steel market. Visiongain provides forecasts for the period 2015 to 2025 in terms of value (US$) and in terms of volume (Million Tonnes) for the steel market. In addition, 17 national steel markets plus the rest of the world and 7 submarkets by end-use sector are forecasted and analysed by visiongain over the period 2015 to 2025.The report also provides profiles and revenue forecasts for 11 leading companies operating within the market such as ArcelorMittal, Nippon Steel & Iron Sumitomo Metal, Hebei Iron & Steel Company, Baosteel Company, Tata Steel and etc. The report also includes 2 exclusive interviews with major player in the steel market; Libyan Iron & Steel Company and The Steel Index- providing expert insight alongside visiongain’s analysis. Steel Market Forecast 2015-2025: Future Opportunities for Leading Companies report will be of value to current and future potential investors into the steel sector, as well as companies and research centres who wish to broaden their knowledge of the steel market. For an executive summary please contact: Email: Sara Peerun on sara.peerun@ Tel: +44 (0) 20 7336 6100 Notes for Editors If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@ About Visiongain Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-2-business conferences, newsletters, management reports and e-zines focusing on the Energy, Telecoms, Pharmaceutical, Defence, Materials sectors. Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port-of-call for the business professional, who needs independent, high quality, original material to rely and depend on. End
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