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This press release was orally distributed by SBWire
Albany, NY – (SBWIRE) – 07/31/2018 – Electric Steel Market – Overview
Electric Steel is used in consumer appliances such as air conditioners, refrigerators and high power chillers. Appliance manufacturers focus on the use of environmentally friendly electric steel (less heat loss) instead of ordinary steel. This helps them save about 15% to 30% energy. Electrical steel electronic components used in consumer appliances include compressor motors and relays. These devices are installed in cabins, confined spaces or rooms; therefore, they should ideally be compact due to space constraints. Thus, the electric steel used in compressor motors, relays, switches, etc. allows home appliance manufacturers to reduce the size of products and also offers noise-reduced products for appliances made of carbon steel. ] Request for Sample Copy Reports, click here @ https://www.marketresearchreports.biz/sample/sample/1865039
Recently, changes have been made to the commercial policies of the global market for electric steel. These changes took place at the regional and global levels and were implemented for ease of trade between countries and for their own regional trade prospects. The amendments included the establishment of a minimum price for the importation of certain grades of electrical steel from particular regions / countries. The anti-dumping duties have been modified to avoid the over-supply of electrical steel in certain markets. Changes have been made to the legislatures, particularly with respect to the advancement of free trade agreements (FTAs) and negotiations with transpacific partnerships. In addition, the European Union has decided to set a minimum price for the import of a particular electrical steel from Japan, China, South Korea, Russia, and the initiatives of the US government as well as liberalization of policies should offer steel companies According to Canacero, a steel association, steel exports fall in Mexico. Exports fell by 25% in January-July 2015. Some economic risks identified by Mizuno (the Steel Association of Malaysia) may affect the global market for electric steel. They include high unemployment in developed markets, slowdown in developed markets and China, and financial problems in Europe.
This report analyzes and forecasts the electrical steel market at the global and regional level. The market was established based on revenue (in millions of US dollars) and volume (in tonnes) between 2017 and 2026, considering 2017 as the base year. The study includes drivers and constraints of the global market for electric steel. It also covers the impact of these factors and restrictions on the demand for electrical steel during the forecast period. The report also highlights opportunities in the global and regional electric steel market.
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The report includes a detailed value chain analysis, which provides a comprehensive view of the global market for electric steel. Porter's Five Forces model for the electric steel market has also been included to help understand the competitive landscape. The study encompasses the analysis of the attractiveness of the market, where products and applications are valued according to their size, growth rate and overall attractiveness.
The study provides a decisive view of the global market for electric steel by segmenting it. , the end-user industry and the region. In terms of type, the market for electric steel has been classified into grain and not grain oriented. Based on the application, the electric steel market can be divided into transformer, inductor, motor (rotor, stator, and others), and others. As for the end-user industry, the global market for electric steel can be separated into automobile, manufacturing, energy, home appliances and others. Regional segmentation includes current and projected electrical steel demand in North America, Europe, Asia-Pacific, Latin America and the Middle East, and Africa
The report provides the actual size of the market of electric steel for 2017 and its forecast for the next eight years. The global market for electric steel has been provided in terms of revenue. Market figures were estimated based on the type, transportation, application and end-user industry of the electrical steel market. Market revenues and volume size were provided in terms of global, regional and national markets.
The report includes profiles of large companies operating worldwide https://www.marketresearchreports.biz/reports/1865039/electrical- The electrical steel sector includes major players in the market of the 39 Electric Steel: Nippon Steel and Sumitomo Metal Corporation (NSSMC), Shandong Iron and Steel Group Ltd., JFE Steel Corporation, SAIL. (Steel Authority of India Limited), Shagang Group Inc., ArcelorMittal, AnSteel Group Corporation, BaoSteel Group (Baowu Steel Group Corporation Limited), POSCO, Voestalpine Group, Tata Steel Limited, United States Steel Corporation, Jindal Steel and Power Limited, and HBIS Group Market participants have been described in terms of attributes such as the overall view of the company, the overall financial picture, business strategies and recent developments.
The worldwide market for electric steel has been segmented ed as follows:
Electrical steel market, by type
Oriented grain
Unginned grain
Market electric steel, by application
Transformer
Inductor
Motor
Rotor
Stator
Other
Other
Electric steel market, by end-user industry
Automotive
Manufacturing
Energy
Household Appliances
Other
Electrical Market, By Region
North America
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Russia & CIS
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa (MEA)
GCC
South Africa
Other Middle East Countries East and Africa
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Key Take Away
Currently, the Asia-Pacific is an important consumer as well as electric steel producer in terms of turnover and volume. This is attributed mainly to the rise of urbanization and industrialization in developing economies such as China and India. The steel surplus is significantly high due to overcapacity. This led to the closure of various steel mills in China. This should affect the global supply as well as the demand for electrical steel and spare parts.
Prices for steel plate, rebar, cold-rolled coils and hot-rolled coils are increasing worldwide. This trend is expected to continue in the near future
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