The metals manufacturing industry comprises iron and steel
foundries, alumina and aluminum production and processing establishments, iron
and steel products manufacturing and iron and steel mills and ferroalloy
manufacturing companies.
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The global metal manufacturing market has shown decline in
the past years with a CAGR of negative 2%. The year 2014 recorded highest ever
growth in this market with a net value of over $4 trillion, and decreased ever
since to the lowest in 2017 with a value of $1 trillion, as per TBRC’s inhouse
consultants.
TBRC’s latest report show how the trends changed in the
market for each year, globally and geographically with sourced reasons to
support the diversion claims.
The report also shows the metal manufacturing market to grow
with a positive CAGR by 2021 as compared to negative growth in 2017, along with
geographies best suited for investments with highest return rate.
Sample report:
The negative growth can be attributed to fall in the
commodity prices of metals such as aluminum, high operational costs and
stringent regulations associated with ferroalloys manufacturing that
contributed to the decline in this market. Going forward the market is expected
to stabilize due to recovery in developed economies and accelerating growth in
emerging and developing markets such as Russia, China, Brazil and India.
Companies included in the report are Arcelor Mittal, POSCO,
Nippon Steel & Sumitomo Metal, JFE, and TATA Steel Group.
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