Global Steel Market to Reach $1.195 Trillion in 2012 The U.S. Government takes corrective steps to kickstart steel demand with stimulus package
FARMINGTON, Conn., Sept. 27, 2012 /PRNewswire-iReach/ -- The steel industry is vital to the economic competitiveness of the United States. Steel serves as the backbone of automobiles, bridges, buildings, railroads, and machinery and is an important component of national defense weapons. The U.S. government has taken some corrective steps to revive the overall economy and infuse steel demand in different facets of manufacturing. Out of the more than $780 billion stimulus package, about 15% of the amount is expected to be spent on infrastructural projects requiring steel as an essential construction raw material. This will transform in the consumption of around 11 million short tons of steel in various federal governments supported projects. Along with the government support, the recovering industrial sector is expected to further create steel demand in the U.S.
New market research from Global Information Inc. provides production and investment forecasts for global and regional markets for steel in addition to other sectors of mining including copper production and more.
The U.S. Steel Industry Outlook
SBI's new report examines the competitive and economic challenges facing raw steel producers and end-users of steel. The report profiles the leading manufacturers of raw steel and values the import and export market of steel raw materials. SBI sizes the market based on historical data between 2002 to 2011 and forecast growth through 2022. Market sizing focuses on the stainless steel and ferroalloy steel segments. SBI's analysis takes a top-down approach to market projections in which overall U.S. steel demand and production activity is estimated first, including import and export values, and then extrapolated to project the value of select downstream steel products.
An executive summary and free sample pages from the full report are available at http://www.giiresearch.com/report/sbi249681-us-steel-industry-outlook.html
The Steel Market Analysis, Financials & Forecasting 2012-2022
Over the past two decades, the steel industry has witnessed growth on a scale never experienced before, largely driven by emerging markets in Asia, particularly China. Today, steel is the second largest trading commodity after oil. Steel companies are investing a considerable amount in exploration, research and development and are preparing themselves for the future challenges posed by environmental constraints, growing demand and potential substitutes especially aluminium. Visiongain has determined that the value of the global steel market in 2012 will reach $ 1,195bn.
An executive summary and free sample pages from the full report are available at http://www.giiresearch.com/report/kt221358-steel-market-analysis-financials-forecasting-2011.html
Production and Investment Forecasts in the Copper Mining Industry in Southern Africa
Large scale development projects will significantly increase copper production in Southern Africa. This research service provides detailed and up-to-date market intelligence on the copper mining industry in Southern Africa. The African continent hosts significant copper deposits that are concentrated mostly in the Central African Copper Belt and accounts for a substantial portion of the world's copper production. Growing global economy, rapid industrialization of China and India, and increasing copper prices have resulted in Southern Africa's copper production rising sharply in recent years. Large scale expansion projects, combined with the development of smelters and refineries, have consolidated Africa's position as a key producer of copper in the world.
An executive summary and free sample pages from the full report are available at http://www.giiresearch.com/report/fs249105-production-investment-forecasts-copper-mining.html
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
Media Contact: Jeremy Palaia Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
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SOURCE Global Information, Inc.