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Home | Search Global IT News: IT News & Press Release Distribution: Steel Market in ASEAN Countries, Trends, Analysis and Forecasts to 2019   (IT-NEWSWIRE.COM, June 29, 2017 ) Publisher's market research analyst predicts the ASEAN steel market to witness moderate growth at a CAGR of around 6% during the forecast period. The automotive industry, mechanical machinery, and infrastructure and construction industries are the primary users of steel and have been driving the growth of the ASEAN steel market. The infrastructure and construction sector accounts for more than 52% of the global steel consumption. This research report predicts that the increase in the GDP in the ASEAN countries will lead to excess spending in the end-user industries, creating a high demand for steel manufacturing in this region. For more information http://www.reportsweb.com/steel-market-in-asean-countries-2015-2019 The supply shortage in this region is anticipated to deter the growth of the market during the forecast period. Mining mills in this region have suffered from unsustainably high operating cost and the reliance on electric arc furnace steelmaking, which has limitations on the raw material used by steel makers. With the steel supply overhauling demand, this has resulted in reduced profit margins for steel manufacturers in the ASEAN region. Segmentation by type and analysis of - carbon steel, alloy steel, stainless steel Stainless steel mostly contains 10-20% of chromium as the main alloying element and have high corrosion resistance. It is further classified into austenitic, ferritic, and martensitic. The report offers an analysis of each of the following segments and discusses its impact on the overall market growth - Carbon steel Alloy steel Stainless steel Request Sample Copy http://www.reportsweb.com/inquiry&RW0001202372/sample Segmentation by end user and analysis of - automotive, infrastructure and construction, mechanical machinery Infrastructure and construction accounted for nearly 52% of the overall market during 2014. Steel-intensive infrastructure such as roads, rail, ports, airports, marine, and power are the primary drivers for the increase in the demand for steel in ASEAN countries. The report offers an analysis of each of the following segments and discusses its impact on the overall market growth - Infrastructure and construction Mechanical machinery Automotive Others (electrical equipment, domestic appliances, marine, and transportation) Competitive landscape and key vendors - TISCO, Nat Steel, Gunung Steel, Lions Group, G Steel The ASEAN steel market is highly fragmented with the presence of many international and regional vendors. The market is highly competitive resulting in lower steel prices and reduced profit margins. The report anticipates China's steel industry to consolidate, and excess steel producing capacity to be closed by the end of the forecast period. The leading vendors in the market are - G Steel Gunung Steel Nat Steel Holding PT Karkatau Steel TISCO The Lions Group Other prominent vendors in the market include Core Steel, Dragon Steel, GJ Steel, HoaPhat Steel, Jayapari Steel, Ji kang Dimensi, Lion Plate Mills, LPN Steel, PT Gunung Raja Steel, Tung Ho Steel, and Union Galvasteel. Make an enquiry: http://www.reportsweb.com/inquiry&RW0001202372/buying ReportsWeb.com Priya Sisodia +1-646-491-9876 sales@reportsweb.com Source: EmailWire.Com Source: EmailWire.com

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