The recent report published by Reports and Data comprises of an in-depth assessment of the Global Electrical Steel Market. It assesses the ever-changing market dynamics and overall development of the industry. The report is fabricated with thorough primary and secondary research and is updated with the latest and emerging market trends to offer the readers opportunities to capitalize on the current market environment. For a thorough analysis, the market has been segmented based on types and applications along with an extensive regional segmentation.
The report also covers the impact of the COVID-19 pandemic on the Electrical Steel market and major segments. The pandemic has affected every industry vertical either positively or negatively. The report discusses in detail the changes in the demands and trends and the major challenges of the market created due to the pandemic. The report also offers a thorough current and future analysis of the impact of the COVID-19 pandemic on the overall growth of the market.
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Due to slow rate of growth of electrical steel industry, startups or relatively small companies are finding it extremely difficult to survive. Secondary steel makers like BMM Ispat, Rayen Steel, PGM Ferro Steel and companies like Kalyani Steels, Mukand Steels, Vardhman Special Steels have been forced to cut down their production.
Kalyani Steels have a production capacity of 250,000 tonnes per year but they were forced to reduce their production by 25-40% in 2019. Vardhman Special Steel also had to follow the same path in order to achieve cost reduction and they cut down their production by around 30%. Another steel maker Mukand had to scale down their production by 15-20% in the later part of 2019.
Top Players Analyzed in the Report are:
ArcelorMittal, Nippon Steel Sumitomo Metal Corporation (NSSMC), Voestalpine Group, Baosteel, United States Steel Corporation, Posco, Steel Authority of India Limited, Tata Steel Group, Essar Steel and JFE Steel Corporation.
Product Type Segmentation:
Grain-oriented, Non Grain-oriented
Application Segmentation:
Transformers, Motors, Inductors and Others
End-Use Industry Outlook (Revenue, USD Billion; 2020-2027) (Kilo Tons)
Energy, Automobile, Manufacturing, Household Appliances and Others
For a detailed understanding of the competitive landscape, a thorough regional analysis covering North America, Europe, AsiaPacific, Latin America, and Middle East Africa, is offered in the report. It studies the market size, market share, revenue contribution, production and consumption patterns, supply and demand ratio, import/export, and the operations of the key players operating in those regions. Furthermore, the report also covers a country-wise analysis of the industry.
Additionally, a thorough analysis of the prominent growth driving factors, restraining factors, limitations, opportunities, and growth prospects, as well as threats, is offered in the report. It also covers SWOT analysis and Porter’s Five Forces Analysis along with feasibility analysis and investment return analysis. The report also offers strategic recommendations to the new entrants in the industry and provides a thorough analysis of the entry-level barriers and opportunities in the industry.
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For a comprehensive value chain analysis, the report covers the downstream and upstream essentials of the Electrical Steel market. It also pays special focus on the growth process, macro- and micro-economic factors, raw material sources analysis, and other technical data. The report further segments the market on the basis of types, applications, and regions and offers insights into the segments that have the highest penetration and profit margin, along with recent developments based on geographies.
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