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The Visiongain's Report Is Forecasting the Future for Steel Industry

02/12/2015

Future for Steel Industry

The situation with steel industry is quit complicated in the whole world. The main reason for it is steel overproduction and price declining. There are some countries which have to cut domestic production and stop or just slow down steel import in other countries. They are China, Japan, India, Iran, Mexico and others. China may be marked out of this range as its steel market is almost equal to half of the world market. There are many Chinese steel companies subsidized by the state. That's why their steel is sold at low prices and it's not profitable to close the production. Chinese workers are paid fewer salaries than in other countries and that is also the reason of setting low prices for the steel export. 

The analysts predict steel oversupply to remain the same for the next years. The statistics says that steel production can reach 1,694.73 million tonnes and the consumption of it can reach 1,545.50 million tonnes. There are many sectors consuming steel, including automotive, building and others. They are a part of industry of the countries with developing economies. That means that steel production is of the global necessary and it will grow in 2015-2025. Nevertheless the overproduction is not good for the global market. That's why there is worrying about it.  

The problem is also about layoffs and shutdowns of mills in European countries as well as in the USA and Canada. There are thousands of people who lost their jobs and arguing about what is happening. They caused the governments to discuss the problem and to find the way out.

 Many governmental and non-governmental organizations such as International Trade Organization, American Iron and Steel Institute, World Steel Association are trying to solve the problems preparing forecasts and reports concerning steel crisis. One of the reports is “Steel Market Forecast 2015-2025: Future Opportunities for Leading Companies”.

What should the global steel industry expect in the future? Will the countries resolve the steel crisis? Will the workers have their jobs returned? Will the steel market has prosperous future?

Visiongain, a business information portal, has prepared this report. It tried to find the answers concerning the issue of oversupply, dropped prices. It has made some predictions for the future of steel market and leading steel making companies up to 2025. Visiongain paid attention to the steel companies around the globe, production index, revenues etc. It is clearing up many questions in the report, such as business outlook, analysis of production quality, market shares, and leading companies' revenue forecasts.

This report's goal is to help companies to define their business strategy for the future. There is an assessment of the present industry which aims to show what key business opportunities to exploit. This report contains many interviews about the problem, which may also be useful.

The world steel market has many submarkets that are also described in the report. There is information about the submarkets potential, which includes the analysis of the activities of the companies and forecasts from 2015 to 2025. These submarkets are Oil and Gas Steel Market, Construction Steel Market, Mechanical Engineering Steel Market, Electrical Engineering Steel Market, functioning in different countries, such as China, the USA, the UK, Canada, Mexico, France, Spain, Italy, and Turkey.

By far, there are lots of steel companies, which haven't been shut down yet. The report has a list of them, describing their capabilities, revenues, services, strategies, future forecasts. They are ArcelorMittal, Tata Steel, Ansteel, Nippon Steel & Iron Sumitomo Metal, Baosteel Company and others. 

Each business has critical issues (research and development strategy, demographic changes, increasing specialisation by leading players, supply and demand dynamics, advances in product quality, technological issues and constraints, political, economic, social and technological factors) having impact on the ultimate results. Each of them is necessary to know about in order to take advantages. That's the reason why they are also mentioned in this report.

All Visiongain's reports are of high uniqueness. Its methods of work include thorough search of data sources which provides intensive analysis of necessary information and predictions for up to 2025.

After learning the report, people can get all the important information concerning steel industry. Everyone can understand the critical points where the revenue growth is possible. Today's information may help You to stay one step ahead of the others.

About Visiongain

It is a prominent business information portal, which shows all the necessary data concerning different industry sectors. It describes the evaluation of the problems if such exist, talks about important changes that may influence the results.

It was founded in 1998 in London, UK with the goal to give all necessary information about industry sectors such as aviation, defence, IT, energy, telecoms, oil and gas sector and other. 

This portal has achieved a positive reputation in enlightening industrial issues, that's why its reports are important for businesses.

Source: https://trade-metal.com/news-the-visiongain-s-report-is-forecasting-the-future-6.html

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