Steel Industry is anticipated to grow further up to USD 2.9 Trillion
Steel Industry Data Book Covers Stainless Steel, Carbon Steel, Electrical Steel, Weathering Steel, Sintered Steel Markets. Steel is a vital industry for global economic growth. It is one of the key raw materials for building & construction and various manufacturing activities. As per the World Steel Association, the total value contribution by the steel industry is USD 2.9 trillion, which is equivalent to 3.8% of global GDP. Carbon Steel Market Growth & Trends The global carbon steel market size is expected to reach USD 1,156.5 billion by 2027, expanding at a CAGR of 3.4%, according to a new report by Grand View Research, Inc. Increasing investment in construction sector on account of rising housing needs is likely to positively contribute to the rising demand for carbon steel products. Carbon steel is one of the key materials used in the construction sector on account of its strength and hardness. It is used in rectangular tubing, highway construction plates,...