October 05, 2010 11:08 ET

Steel Market to Reach $937.6 Billion in 2010

ROCKVILLE, MD--(Marketwire - October 5, 2010) - has announced the addition of Visiongain's new report "The Steel Market Analysis, Financials and Forecasting 2010-2020" to their collection of Iron & Steel market reports. For more information, visit

The report analyzes industry trends prevailing in the global steel industry and anticipates the progression in the market over the next decade. The report also surveys recent market trends among major companies and reveals where the market will experience growth, laying out the market's strengths and weaknesses with targeted forecasts.

Visiongain's analysis has concluded that the global value of the steel industry will reach $937.6 billion in 2010. Steel underpins our entire civilization. As emerging economies develop, steel consumption will follow producing a solid growth market for this vital commodity.

"The Steel Market Analysis, Financials and Forecasting 2010-2020" report examines the scope of growth available in the dynamic steel industry along with the developments related to the changing demographics of the world population, developing infrastructure, emerging economies, rising GDPs, and the reformation in laws and regulations, and their impact on the steel industry.

As the global steel market undergoes regional shifts and technological changes, the future of the industry will look very different, leading to growth opportunities. Moreover, the industry is likely to experience several revolutions and reformations, as new products and processes will be introduced to the world market, along with the improved grades of steel. These business opportunities are described in detail within this report.

Which regions offer the most significant growth opportunities between 2010 and 2020? To what extent is recycling driving sales of steel? How and why is steel considered a better option than other metals used for several industrial applications? Which factors are influencing the design and requirements of steel? Visiongain answers these critical questions in this report.

For more information, visit

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