Noida, UP -- (SBWIRE) -- 12/20/2010 -- According to our research report “US Steel Industry Outlook”, the US economy is recovering fast from the post recessionary effects of volcanic slowdown started in 2008. With balancing demand and the government support, the steel industry has started showing promising growth potentials in terms of both production and demand. A segment wise demand analysis has revealed that the automobile sector will fuel steel demand, which is poised to grow at a CAGR of around 4% during 2010-2012.
We have found that the automobile industry is one of the largest consumers of steel in the US. The sector accounts for approximately 20% of the entire steel consumption. In 2009, the automobile production plants capacity utilization rate was just over 50%. The rate is forecasted to reach over 75% by 2012, which will be a testimony of the automobile sector revival in the US.
Our research reveals that steel forms the majority of the vehicles curb weight and is the first preference of manufacturer due to its inherent strength and safety. In 2009, steel (including flat steel and other categories) occupied over 58% of overall light vehicle curb weight of around 3800 Pounds. In coming years, steel is expected to sustain its dominance on metal content share in vehicle total curb weight due to its cost effectiveness and easy availability.
Besides automobile sector, construction and energy sector are expected to fuel growth in the US steel industry. Our research report has analyzed the steel consumption in these sectors along with the forecast for these sectors. Our study has discussed the emerging trends in the US steel industry. We have also included information regarding steel pricing and the government stimulus package to bring the industry back on growth track.
Our report also discusses market structure, current and past market performance, and factors critical to the success of the steel industry. We have also identified all the key players in the competitor analysis section of the report. The section talks about the business profile and strategic moves of the leading players operating in the sector.
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.