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Market Overview of Global Structural Steel market:
According to our latest research, the global Structural Steel market looks promising in the next 5 years. As of 2022, the global Structural Steel market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
The government imposes a 15% export tax on scrap steel
In recent years, the steel industry in Malaysia has developed rapidly, with about 163,000 employees in the steel industry. Malaysia is one of the major steel producing countries in the ASEAN region. However, due to the lack of coal resources in Malaysia, there are almost no blast furnaces in the domestic steel industry in Malaysia. Mainly using the "direct reduction method" to produce steel. For this reason, the relatively large demand for scrap in Malaysia has contributed to the continuous increase in scrap imports. In Malaysia, despite the rapid growth of scrap imports, the domestic scrap market is gradually full of uncertainty as the COVID-19 pandemic spreads globally.
To maintain the number of local steel manufacturers, the federal government of Malaysia has imposed a 15% export duty on scrap iron from March 25, 2021. In 2020, Malaysia exported 454,798 tons of scrap, an increase of 14% year-on-year. In addition to imposing a 15% export tax, the Malaysian government has pledged to impose stricter standards on licenses issued to scrap processors. Only consumers with production licenses can import scrap, while traders cannot. The Asian scrap market is expected to become tighter as China currently allows scrap imports. If Malaysia plans to increase its steelmaking capacity, it will still rely on scrap imports. Malaysia's retention of domestic scrap for local use may provide some relief for local consumers in a competitive international market.
The "Belt and Road" construction will bring huge business opportunities and multiple dividends to the Malaysian economy.
The "Belt and Road" initiative will help Malaysia to open up new markets, expand sales of local products and services, and attract foreign investment. The dividends brought by the "Belt and Road" also include improving logistics services, improving financing efficiency, creating a large number of job opportunities in multiple industries, and promoting cultural exchanges, which generally help integrate economic resources, coordinate economic policies, and promote common development. Malaysia has great potential to cooperate with companies from China in the vital manufacturing sector, including electronics, chemicals, steel, medical equipment, automobiles, etc. Malaysia not only has a complete basic industrial system, but also the automobile manufacturing industry is the only country in Southeast Asia with independent brands with independent R&D and intellectual property systems. Chip manufacturing and high-end manufacturing are even more prominent, and other Southeast Asian countries are basically unable to produce, so it has become the only one belt and one road country with "two countries and double parks." The two largest steel plants in Malaysia are both invested by China. It can be said that Malaysia's industrialization process is deeply entwined with the Belt and Road Initiative.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Structural Steel market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Structural Steel Market Report:
Market Size Estimates: Structural Steel market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Structural Steel market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Structural Steel market
Segment Market Analysis: Structural Steel market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Structural Steel market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Structural Steel Market: Revenue and sales volume of major countries in each region
Structural Steel Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Structural Steel market in major regions.
Structural Steel Industry Value Chain: Structural Steel market raw materials & suppliers, manufacturing process, distributors, downstream customers
Structural Steel Industry News, Policies & Regulations
Key players in the global Structural Steel market are covered in Chapter 12:
no
In Chapter 2 and Chapter 15.1, based on types, the Structural Steel market from 2018 to 2028 is primarily split into:
Roof
Fence Reinforcement
Truss
Cap
In Chapter 3 and Chapter 15.2, based on applications, the Structural Steel market from 2018 to 2028 covers:
no
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Structural Steel market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028