Global and Japan Steel Processing Market Insights, Forecast to 2027

Global and Japan Steel Processing Market Insights, Forecast to 2027

  • QYResearch
  • September 2021
  • Chemicals
  • 149 pages

Report Description

Steel industry is one of the essential industries for the development of any community. In fact, it is really the base for numerous industries that could not have been established without steel industry. The European industrial revolution at the beginning of this century was actually founded on this industry. There are three basic routes to obtain finished steel products: (1) integrated steel production, (2) secondary processing, and (3) direct reduction. Integrated steel production involves transforming coal to coke in coke ovens, while iron ore is sintered or belletized prior to being fed into the blast furnace (BF). The ore is reduced in the blast furnace to obtain hot metal containing some 4% carbon and smaller quantities of other alloying elements. Next the hot metal is converted to steel in the basic oxygen furnace (BOF). Then, it is continuously cast to obtain semi-finished products, such as blooms, bars or slabs. These semi-finished products are rolled to the finished shapes of bars, sheet, rail, H or I beams. The secondary processing, often called minimills, starts with steel scrap which is melted in an electrical arc furnace (EAF). The molten steel produced is possibly treated in a ladle furnace and then continuously cast and finished in a rolling operation. Originally, minimills provided only lower grade products, especially reinforcing bars. But, they recently have been able to capture a growing segment of the steel market. An alternative mode of steel production is the direct reduction method. In this method, production starts with high grade Iron ore pellets which are reduced with natural gas to sponge pellets. Then, the sponge iron pellets are fed into an electrical arc furnace. The resulting steel is continuously cast and rolled into a final shape.
The main global Steel Processing players include China Baowu, ArcelorMittal, Nippon Steel, etc. The top three Steel Processing players account for approximately 12% of the total market. Asia is the largest consumer market for Steel Processing, accounting for about 70%, followed by Europe and NAFTZ. In terms of type, Alloy Steel is the largest segment, with a share about 55%. And in terms of application, the largest application is Construction, followed by Automotive.

Market Analysis and Insights: Global and Japan Steel Processing Market
This report focuses on global and Japan Steel Processing market.
In 2020, the global Steel Processing market size was US$ 1140850 million and it is expected to reach US$ 1609100 million by the end of 2027, with a CAGR of 3.0% during 2021-2027. In Japan the Steel Processing market size is expected to grow from US$ XX million in 2020 to US$ XX million by 2027, at a CAGR of XX% during the forecast period.

Global Steel Processing Scope and Market Size
Steel Processing market is segmented by region (country), players, by Type, and by Application. Players, stakeholders, and other participants in the global Steel Processing market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2016-2027.
For Japan market, this report focuses on the Steel Processing market size by players, by Type, and by Application, for the period 2016-2027. The key players include the global and local players which play important roles in Japan.

Segment by Type
Carbon Steel
Alloy Steel

Segment by Application
Tools and Machinery
Consumer Appliances
Metal Product

By Region
North America
United States
South Korea
China Taiwan
Latin America
Middle East & Africa
Saudi Arabia

By Company
China Baowu
Nippon Steel
Shagang Group
JFE Group
Shandong Steel
Tata Steel

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1 Study Coverage
1.1 Steel Processing Product Introduction
1.2 Market by Type
1.2.1 Global Steel Processing Market Size Growth Rate by Type
1.2.2 Carbon Steel
List of Tables
Table 1. Global Steel Processing Market Size Growth Rate by Type, 2016 VS 2021 VS 2027 (US$ Million)
Table 2. Major Manufacturers of Carbon Steel
Table 3. Major Manufacturers of Alloy Steel
Table 4. Global Steel Processing Market Size Growth Rate by Application (2021-2027) & (K Ton)
Table 5. Global Steel Processing Market Size by Region (K Ton) & (US$ Million), 2016 VS 2021 VS 2027

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