NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/08/18 - Fast recovery of the residential and non-residential construction sectors will drive steel consumption to grow at 4% CAGR during 2010-2012, says RNCOS.
According to our research report “US Steel Industry Outlook”, the US economy is recovering fast from the post recessionary effects of volcanic slowdown started in 2008. With balancing demand and government support, the steel industry has started showing promising growth potentials both in terms of production and demand. A segment wise demand analysis has revealed that the construction sector will fuel steel demand which is poised to grow at a CAGR of around 4% during 2010-2012.
The study has inferred that with the government intervention into the housing sector, housing demand has once again showed some positive signs in 2009 end. The government steps of subsidizing the inventory of new homes helped enormously to the sector and revived the housing construction and demand. The housing starts are anticipated to accelerate in coming years which will drive steel demand strongly.
We expect almost similar future growth trend in non-residential sector steel consumption. The growth will be heavily dependent upon the government backed public projects and other commercial infrastructure developments. Various other factors will also positively influence the steel industry development which are discussed and analyzed thoroughly in the report.
“US Steel Industry Outlook” is an outcome of an extensive research and thorough analysis of the healing steel industry in the US, its components and supporting raw material market trends. The report also discusses market structure, current and past market performance and factors critical to the success of the steel industry. We have also identified all the key players in the competitor analysis section of the report. The section talks about the business profile and strategic moves of the leading players operating in the sector.
Additionally, the report has emphasized on the steel consumption trends in all prominent vertical industry segments, including construction, automobile, and energy. The evaluation provides sector wise steel industry developments and facilitates deep understanding of steel demand prospects in these sectors enabling a balanced market understanding.
Most importantly, the report has given the industry forecast based on correlation of past drivers, challenges and opportunities for expansion. In this way, the report presents a complete and coherent analysis of the US steel industry and will prove decisive for clients.
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.