Global Steel Section Market Overview:
Steel section is a wide flange, hollow, flat sections available in different shapes and sizes used for the construction of buildings and almost all types of structures, bridges, and machines providing strong and stiff frames to the building. They are suited for columns, flooring (composite and slim-floor), castellated beams, trusses, and bridge applications. As the construction and building is increasing the global steel section market is expected to grow in the forecasted year.
Growth Drivers
- Increasing Need for the Strong and Stiff Frame for the Buildings with Energy Efficiency
- Rising Demand for the Faster and Cost-Effective Construction of Building in the Emerging Economies
Roadblocks
- High Risk of Corrosion Due to Environment Factors
- Safety Risks Associated with Steel Section
Opportunities
- Raising Government Investment in Railways and Other Infrastructure
Challenges
- Installation and Maintenance Problem Associated with Steel Section
Competitive Landscape:
Some of the key players profiled in the report are ArcelorMittal S.A. (Luxembourg), EVRAZ plc (United Kingdom), Gerdau (Brazil), Nippon Steel Corporation (Japan), Nucor Corporation (United States), Sabre Steel, Inc. (United States), Celsa Steel (United Kingdom), Hyundai Steel Co. Ltd (South Korea), Mechel (Russia) and Tata Steel Ltd (India). Additionally, following companies can also be profiled that are part of our coverage like POSCO (South Korea) and Hesteel Group Co. Ltd. (China). Considering Market by Shape, the sub-segment i.e. I and H Shape will boost the Steel Section market. Considering Market by End User, the sub-segment i.e. Construction and Building Industry will boost the Steel Section market.
"The Occupational Safety and Health Act (the Act), was enacted and authorized the Secretary of Labor to adopt established Federal standards issued under other statutes, including the CSA, as occupational safety and health standards. Accordingly, the Secretary of Labor adopted the construction standards which had been issued under the CSA, in accordance with Section 6(a) of the Act. The Safety and Health Regulations for Construction were redesignated as part. Subpart R, Steel Erection," was adopted as an OSHA standard during this process. The requirements in the existing standard cover flooring, steel assembly, bolting, plumbing-up, and related operations. In 1974 a revision in the temporary flooring requirement was made pursuant to a rulemaking conducted under section 6(b) of the Act."
What Can be Explored with the Steel Section Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Steel Section Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Steel Section
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Steel Section market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Steel Section market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Steel Section Manufacturers, Steel Section International Traders, Steel Section Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.