Global Steel Service Centers Market was valued at USD 650.40 million in 2021 and is expected to reach USD 850.77 million by 2029, registering a CAGR of 3.55% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Market Definition

Steel service centers are basically corporations that generally deal with the steel industry's service activities. A steel company, for instance, might create steel in mass and then sell it to a customer. The customer then applies the steel to their own business. The steel service centers provide various services associated with steel to the consumers.

Recent Developments

In February 2020, Samuel, Son Co., Limited, a metals distributor and industrial products manufacturer based in Mississauga, Ontario, Canada, has purchased all of Burloak Technologies' remaining shares in Burlington, Ontario, Canada. In 2017, Samuel purchased a minority investment in Burloak Technologies.

In July 2021, Russel Metals Inc. completed the previously announced merger with Marubeni-Itochu Tubulars America Inc. ("MITI"). The two companies integrated their respective Canadian OCTG/line pipe businesses. Triumph and Hallmark's combined operation will be managed by a newly formed company called TriMark Tubulars Ltd. ("TriMark").

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Global Steel Service Centers Market Scope

The steel service centers market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Miller Cutting
• Cambering
• Plate Burning
• Tee-Splitting
• Others

Application

• Metal Fabrication and Machine Shops
• Heavy Industry
• Consumer Appliances
• HVAC
• Food Processing and Agriculture
• Oil and Gas
• Ground Transportation
• Others

Steel service centers Market Share Analysis

The steel service centers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to steel service centers market.

Some of the major players operating in the steel service centers market are

• NACHI-FUJIKOSHI CORP. (Japan)
• Daido Steel (Japan)
• voestalpine High Performance Metals GmbH (Austria)
• Sandvik AB (Sweden)
• Kennametal Inc. (U.S.)
• Hudson Tool Steel Corporation (U.S.)
• ERASTEEL (France)
• ArcelorMittal (Luxembourg)
• Baosteel Group Corporation (China)
• POSCO (South Korea)
• Nippon Steel Sumitomo Metal Corporation (Japan)
• JFE Holdings, Inc. (Japan)
• TATA Steel Ltd.(India)
• United States Steel (U.S.)
• Angang Steel Company Limited (China)
• Gerdau SA (Brazil)
• Maanshan Iron and Steel Company Limited (China)     

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Steel Service Centers Market Regional Analysis/Insights

The steel service centers market is analyzed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the steel service centers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the recycled asphalt market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rising preference for local manufacturing. Moreover, increasing investments in mills is also anticipated to boost the overall market growth within the region.

Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the smart cities Initiative and industrial corridors in India within the region. Moreover, China, India, Japan, and South Korea are leading the way in terms of economic growth, which is estimated to contribute towards the market growth.

TOC Of The Report :

• Chapter One: Introduction
• Chapter Two: Market Segmentation
• Chapter Three: Market Overview
• Chapter Four: Executive Summary
• Chapter Five: Premium Insights

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