Construction Sector Dominates Steel Consumption in the US

The US apparent steel consumption is projected to grow at a CAGR of 6% during 2012-2015, says RNCOS in its latest research report.
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NOIDA, India ( October 3, 2012 - The US steel industry is one of the world's largest steel industries, both in terms of production and consumption. Today, steel has become one of the most important and reliable materials in the US construction industry. It is the material of choice of various sections of the construction industry due to its strength, reliability, strong performance, consistency, and versatility in designing. The US Architects and engineers increasingly prefer this material over others in the construction of residential and commercial buildings. The construction sector accounts for majority of steel consumption in the US, of which, the residential sector holds significant share.

According to our new research report, "US Steel Industry Outlook to 2015", the US steel industry has been playing an important role in the overall economic development. This can be attributed to the increased production and consumption level in 2011 with respect to the previous year. Further, apparent steel consumption in the country is projected to grow at a CAGR of 6% during 2012-2015. The consumption section in the report covers the consumption by type of product, which represents that long products account for a major share in total steel consumption in the country. Further, the report covers information about the finished steel consumption by product including stainless steel sheet or strip, plate, bar, rod and wire.

As per our research, continuous cast steel process accounts for major steel production in the US. Product-wise, flat products production accounts for a major share in total steel production, followed by long products and seamless tubes. Our report covers further break up of long products production into concrete reinforcing bars, bars and wire rods and flat products into electrical sheet & strip, tinmill and other metallic coated sheet & strip.

Overall, the report is an outcome of comprehensive research and unbiased analysis of the US steel industry and its various segments that presents a clear picture of the past and present market trends. It evaluates the existing market opportunities in relation with the factors driving steel demand. It also contains information about steel pricing and government stimulus package to bring the industry back on growth track.

The report has also presented projections for steel demand across different vertical industries to provide a rough idea about the direction, in which, the steel industry is likely to move in future. The competitive landscape segment mainly focuses on key industry players and provides valuable information about their business description together with financial analysis.

For FREE SAMPLE of this report visit:

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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.


Tag Words: us steel industry
Categories: Utilities

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