Europe Steel Market Report 2021-2025 – Emerging Role of Steel in Renewable Energy Sector / High Consumption of Electrical Steel in Transformers and Motors / Accelerating Demand for Finished Steel

DUBLIN, July 19, 2021 / PRNewswire / – The report “Europe Steel Market (Production, Imports & Exports) with the Potential Impact of COVID-19: 2021 Edition” has been added to ResearchAndMarkets.com’s offering.

The European steel market is expected to reach $ 107.5 billion in 2025 with a negative CAGR of 3.03% for the period 2021-2025.

Factors such as the growth in automobile production, the increasing use of large household appliances, the increase in sales of construction and heavy machinery, the accelerated demand for finished steel products, and rapid urbanization would generate market value.

However, the proliferation of electric vehicles and the volatility of steel prices are the challenges facing the market. Some notable trends may be the emerging role of steel in the renewable energy sector, the high consumption of electrical steel in transformers and motors, and the introduction of green steel.

The steel market is heavily concentrated in a few large companies, as the importance of economies of scale favors concentration in larger companies. However, since the steel market is still very cyclical, it is subject to intense competition.

Some of the major challenges steelmakers face include: volatility, shifting centers of demand, complex supply chains, productivity and cost efficiency. The market is also influenced by general economic conditions and consumer markets, including the automotive, appliance, construction and energy industries. As these industries are experiencing a downturn, the steel market usually follows their trend.

The COVID-19 pandemic has devastated the European steel industry as companies have been forced to close and business operations have ceased to curb the spread of the virus. Manufacturing plants experienced the sudden closure for a period of time. Steel mills had to focus their activities on the production of medical oxygen, which stopped the operation of oxygen furnaces. These factors have had a significant and long-term impact on the steel industry in Europe.

Scope of the report:

  • The report offers a comprehensive analysis of the European steel market.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in detail.
  • The competitive landscape of the market together with the company profiles of leading players (ArcelorMittal, Thyssenkrupp, Salzgitter AG, Acerinox, Aperam and Tata Steel Europe) are also presented in detail.

Most important target group:

  • Steel manufacturer
  • Scrap suppliers
  • Finished steel maker
  • Raw material suppliers
  • End users (automotive industry, construction industry, household appliance market and others)
  • Investment banks
  • Government & Regulators

Key topics covered:

1. Overview
1.1 Introduction
1.2 Most important types of steel
1.3 Different rating systems for steel
1.4 Application of steel by end users
1.5 Fundamental forces shaping the dynamics of the steel industry
1.6 Steel mine-to-market value chain

2. Effects of COVID-19
2.1 Decline in steel production
2.2 Decline in the growth rate of steel consumption
2.3 Effects on scrap use

3. Europe market analysis
3.1 European steel market by value
3.2 Europe steel market forecast by value
3.3 European steel market by region
3.4 Crude steel production in Europe
3.5 European crude steel production by production route
3.5.1 Europe basic oxygen furnace steel production
3.5.2 Europe steel production for electric arc furnaces
3.6 Europe crude steel production by quality
3.6.1 Manufacture of unalloyed carbon steel in Europe
3.6.2 Europe carbon steel production of other alloys
3.6.3 Europe stainless steel production
3.7 Crude steel production in Europe by product
3.7.1 Production of flat steel products in Europe
3.7.2 Production of European long steel products
3.8 Import of finished steel in Europe
3.9 Import of finished steel in Europe by product
3.9.1 Import of finished products from Europe
3.9.2 Import of finished products from Europe by region
3.9.3 Import of finished long products in Europe
3.9.4 Import of finished long products in Europe by region
3.10 Export of finished steel to Europe
3.11 Export of finished steel in Europe by product
3.11.1 Export of finished flat products to Europe
3.11.2 European export of finished products by region
3.11.3 Europe export of finished long products
3.11.4 European export of finished long products by region

4. Regional market
4.1 Germany
4.1.1 Germany steel market by value
4.1.2 Germany steel market forecast by value
4.1.3 Germany crude steel production
4.2 Italy
4.3 France
4.4 Spain
4.5 Great Britain

5. Market dynamics
5.1 Growth drivers
5.1.1 Growth in automobile production
5.1.2 Increasing use of large household appliances
5.1.3 Boom in sales of construction and heavy machinery
5.1.4 Accelerated demand for finished steel products
5.1.5 Rapid urbanization
5.2 Important trends and developments
5.2.1 The emerging role of steel in the renewable energy sector
5.2.2 High electrical steel consumption in transformers and motors
5.2.3 Introduction of Green Steel
5.3 Challenges
5.3.1 Increasing penetration of electric vehicles
5.3.2 Steel price volatility

6. Competitive landscape
6.1 European market
6.1.1 Main Players – Sales Comparison
6.1.2 Key Players – Market Cap Comparison
6.1.3 Main actors – steel production capacity
6.1.4 Decarbonisation ambitions and technologies in Europe by key actors
6.1.5 Europe steel market volume share by major players

7. Company profiles
7.1 Business overview
7.2 Financial overview
7.3 Business Strategies

  • Acerinox
  • aperam
  • ArcelorMittal
  • Salzgitter AG
  • Tata Steel Europe
  • Thyssenkrupp

Please visit https://www.researchandmarkets.com/r/u9bsqf for more information on this report

Media contact:

Research and Markets
Laura wood, Senior manager
[email protected]

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SOURCE Research and Markets

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