Steel & Iron Industries Forecast to Grow at 5-6% Along with Prices Upsurge According to Merchant Research & Consulting, Ltd.Aug 30th, 2011
LONDON – The global steel and iron industries are recovering the financial recession at rapid pace that is higher than the indexes forecast earlier. However it is notable that the recovery has been uneven and the growth of the total world demand for steel pulled up this year. The key share in the consumption expansion belongs to the emerging economies, India and China in particular, while the demand for both iron and steel in the developed countries is characterized as lackluster.
Global urbanization and industrialization move and vast infrastructure investments stand out as major driving forces for the steel and iron markets. These industries are expected to retain the growth tempo of approximately 5-6% a year. Simultaneous growth of prices for the steel raw materials is also forecast though, which adds up to such challenges of the steel industry as underdeveloped financial systems of the emerging economies, rising oil and gas prices, unstable geopolitical stand of the Middle East.
Detailed analysis and forecasts on global, regional and country markets of iron and steel can be found in the new market research report “Iron and Steel Market Review” that presents detailed review of the present market situation, historical landscape and future outlooks for the markets and addresses factual market metrics for iron and steel industry.
Iron and Steel Market Review
Published: January, 2011
The research covers insightful information on iron and steel major market participants – producers and suppliers, data on iron and steel production, consumption and trade in the reviewed countries, iron and steel prices. Market outlooks up to 2016, that indicate projected iron and steel market statistics including market volumes and prices, are also presented.
The study on iron and steel has been worked out by Merchant Research & Consulting Ltd, an internationally recognized market research agency, specializing in chemical industry. “Iron and Steel Market Review” is included into the catalogue “Metals”, which also incorporates studies on Aluminum, Antimony, Beryllium, Chromium, Copper, Lead, Magnesium, Mercury, Tantalum and Niobium, Titanium markets.
Merchant Research & Consulting Ltd.
Julia Hill, Sales Manager
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