NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2011/06/28 - With rapid increase in demand and rise in investment from various industrial sectors, the US crude steel production will surge at a CGR of around 4.6% during 2011-2014, RNCOS acknowledged.
According to our research report “US Steel Industry Outlook”, crude steel production in the US has been witnessing tremendous growth on the back of rapid increase in the demand from energy, construction, and automobile sectors. Besides, increase in investments done by both private and public players has contributed to the rise in production of crude steel. Moreover, with highly dependence on consuming industries and government policies, the production of crude steel in the country is forecasted to surge at a CAGR of around 4.6% during 2011-2014.
The research analysis found that, the future of crude steel production growth in the US is highly dependent on the major steel consuming industries and the government policies for steel manufacturing companies. It is also expected that, the trend of price imbalance between steel raw material and finished steel will vanish in near future and may lead to the re-opening of closed steel manufacturing plants and boost steel production in the country. This will further help in increasing the production level.
Further, the report covers the demand analysis of steel in various industries, such as construction, automobile, and energy. it also covers the detail price analysis of raw material and finished steel.
The report is an outcome of comprehensive research and unbiased analysis of the US steel industry and its various segments to present a clear picture of the past and present market trends. It evaluates the existing market opportunities in relation of factors driving steel demand. The report also contains information about steel pricing and government stimulus package to bring the industry back on growth track.
Our report “US Steel Industry Outlook”, provides extensive research and in-depth analysis of the steel industry in the US. Besides the current market trends, the report presents forecast analysis for the industry based on past drivers, challenges, and opportunities for expansion. In this way, the report presents an unbiased market picture that will prove decisive for the clients. Overall, our research study provides valuable information to clients looking to venture into this market and helps them to devise strategies, while going for an investment/partnership in the concerned market.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.