Global Steel Market Research Report and Industry Analysis, Forecast 2023
Steel is a high strength alloy of iron, which is produced by impregnating iron with carbon.
Such high strength alloys are used in a number of end-use industries such as building & construction, electrical appliances, domestic appliances, oil & gas, and automotive.
Some of the prominent factors influencing the global steel demand are increasing automotive production across the globe, growing investment in the building & construction sector.
Mild steel has high architectural capabilities and has relatively high availability in the market.
With the growing population and increasing disposable income, investments in the building & construction sector are on the rise in the emerging regions across the globe.