Carbon Steel Market Overview:
A research team conducted extensive primary and secondary research for the Carbon Steel market analysis. Secondary research was conducted to supplement existing data, segment the market, calculate total market size, and forecast market size and growth rate.
The market’s numerous users are discussed, as well as the factors driving the Carbon Steel market’s growth. Market participants, geographic areas, and specific requirements all contribute data. This market-ready study proposal provides a comprehensive overview of all significant advancements that are currently in use across all market segments. It is recommended that key data analysis be presented in the form of statistics, infographics, and presentations.
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Carbon Steel Market Scope:
The study employs PESTLE analysis to assess the advantages and disadvantages of major market participants. The researcher carefully examines the Carbon Steel market’s size, share, trend, total profit, total revenue, and profit margin to forecast the market and provide investment advice. Subject-matter experts advise on market changes.
The report includes information on the major market participants, in addition to data on capacity and production, price and cost information, company profiles, product images, specifications, and contact information. This report examines the Carbon Steel market for trends, size, and value at the global, regional, and corporate levels. Using historical data and future projections, this study examines the global market for Carbon Steel.
Carbon Steel Market Segmentation:
Based on Type:
In 2020, the Low-carbon steel segment was dominant and held approximately 91% of the overall Carbon Steel Market share in terms of volume. This segment is anticipated to grow during the forecast period. This steel has a density of 7.85 g/cm3 and Young’s modulus of 200 GPa (Grade Point Average).
Mild steel, which is an iron with a little proportion of carbon, robust but difficult to temper, also known as plain-carbon steel and low-carbon steel, is the most prevalent type of steel because of its low cost and ability to meet the needs of a wide range of applications. This steel is malleable and ductile because it contains about 0.05 – 0.30% carbon. This steel has a low tensile strength, but it is inexpensive and simple to shape and carburizing that can improve surface hardness. Low carbon steel is commonly used in vehicle parts, pipes, construction, and food cans.
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Carbon Steel Market Key players:
- Baosteel Group
- Curtis Steel Co., Inc
- Bushwick Metals LLC
- ArcelorMittal SA,
- Omega Steel Company
- Afarak Group
- HBIS Group
- POSCO
- AK Steel Corporation
COVID-19 Impact on Carbon Steel market:
The COVID-19 pandemic has impacted negatively on the Carbon Steel Market. In the first half of 2020, global crude steel production fell by 5.4% compared to the same time the previous year. As per the WorldSteel Association, in comparison to the first half of 2019, crude steel production in the Middle East (-0.5%), Asia (-2.3%), Pacific (-3.3%), the CIS (-4.1%), and Other Europe (-6.3%) appeared to be more resilient in the first half of 2020. On the other hand, steel output decreased dramatically in the European Union (-17.9%), North America (-17.6%), South America (-19.9%), and Africa (-20.9%).
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