MRC Offers Report on Iron and Steel Demand Growth in Developing Countries

By Joel ScanlonApr 5 2012

Market research agency Merchant Research and Consulting (MRC) specialising in the chemical industry is offering a report titled “Iron and Steel Market Review”.

The report talks about the iron and steel markets in terms of historical data, current trends and future growth patterns at country, region and global levels. According to the report expanding infrastructure, surge in industrialisation and urbanisation are the key factors that drive the iron and steel markets upwards.

The report also states that these factors will see an increase of 6% over the next five years, which in turn ensures long term demand for the iron and steel industries. However, challenges that the industry is likely to face include increasing oil and gas prices and unstable financial systems which are now prevalent in economies. According to the report China holds the leading position in the global market with 54.4% in iron and 45.8% in steel followed by Japan which holds a market share of 8.6% in iron and 7% in steel. Specific topics discussed in the report include production and consumption volumes of iron and steel, trade performance, price dynamics and demand and supply indices. The report has also covered leading iron and steel manufacturers and consumers and has also given a generic view of the events and news happening in the industry. Price, trend and opportunities forecast has been done for the next five years till 2017.