Global steelmakers are gradually
shifting from blast furnace to Electric Arc Furnace (EAF) to manufacture steel.
EAF requires much lower investment, uses lower chemical reaction and offers
higher efficiency compared to a blast furnace. The use of EAF enables
steelmakers to produce steel from 100% scrap metal feedstock, reducing the
overall energy consumed to produce steel as compared to steel made from ores.
THE BUSINESS
RESEARCH COMPANY VALUED THE CRUDE STEEL MARKET AT $2 TRILLION IN 2017
Asia Pacific
was the largest geographic region in the market, accounting for more than half
of the global market. China was the largest country accounting for one-third of
the global crude steel market.
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According to The Business Research
Company’s Consultant, Nitin Gianchandani, Global steelmakers are gradually
shifting from the blast furnace to
Electric Arc Furnace (EAF) to manufacture steel. EAF requires much lower
investment, uses lower chemical reaction and offers higher efficiency compared
to a blast furnace. The use of EAF enables steelmakers to produce steel from
100% scrap metal feedstock, reducing the overall energy consumed to produce
steel as compared to steel made from ores.
Download a sample of the report at: https://www.thebusinessresearchcompany.com/sample.aspx?id=156&type=smp
ArcelorMittal
S.A.
was the biggest player in the crude steel market, with revenues worth $56
billion in 2016. ArcelorMittal’s growth
strategy aims at manufacturing lighter steel to keep pace with the increasing
demand for lighter vehicles from automobile manufacturers.
The crude steel market includes
establishments making steel, manufacturing shapes and forming pipe and tube.
This is consumed highly in the manufacturing of railroad tracks, building and
construction, nuclear infrastructure, and household appliances.
Crude Steel Global Market Report
2018 is a detailed report giving a unique insight into this market. The
report is priced at $4000 for an individual user. To use across your office, the price is $6000 and
$8000 if you wish to use across a multinational company.
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