Latest Report Update: Jul 4, 2020

U.S. Iron, Steel And Ferroalloy Market. Analysis And Forecast to 2025
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Article Publishing Date: Feb 20, 2018

With Proposed U.S. Import Tariffs on Steel and Aluminum, a New Wave of the Trade War Is Coming

On February X, the U.S. Commerce Department outlined an array of options that President Donald Trump could take to help domestic steel manufacturers to stay competitive on the local market, including a tariff of at least X percent on steel imports from all countries. This measure will be considered as an unfriendly step, not only by China, the world’s largest steel producer and the strongest U.S. competitor on the global market, but also by U.S. allies like Canada and the EU, who will suffer dramatically from the imposed tariff barriers.

This protectionist action was supported by the United Steelworkers Union and American steel companies, who claim that domestic manufacturers have suffered from the flood of cheap imports, particularly from China, thereby losing their position on the oversaturated market. Severe competition could result in a price slump, closing production facilities and cutting jobs.

It is no surprise that such ideas are very similar to President Trump’s approach to add new jobs by tightening trade agreements to the benefit of the U.S. Trump has already withdrawn the United States from the Asia-Pacific Trade Partnership, and has promised to do the same with NAFTA; renegotiations are also now in progress concerning the U.S.-Korea Free Trade Agreement (KORUS FTA).

While general talks on breaking up these agreements faces moderate negative reaction from U.S. trade partners, imposing tariff barriers would trigger considerable backlash.

Even though China is the world’s biggest producer of steel and aluminum, the volume of Chinese direct imports onto the U.S. market remains relatively insignificant: China’s share in total iron and steel imports did not exceed X% (based on USD, 2016). Canada, a close U.S. ally, assumed the lion’s share in terms of its total imports (X%), meaning that it would suffer badly from imposed barriers.

China has already replied that these measures are groundless and that it reserves the right to retaliate if they are enforced. Japan and India, ranking second in the list of biggest producers, expressed their concern and regret, but are not in a rush to expose any retaliatory actions.

So, we’re waiting for Canada’s reaction. It’s worth noting that the trade dispute between Donald Trump and Justin Trudeau intensified after the U.S. proposed higher tariffs on dairy and lumber from Canada last year. As for now, the Canadian government spokesman Adam Austen just made the point that Canada buys more U.S. steel than the rest of the world combined.

Source: U.S. Iron, Steel And Ferroalloy Market. Analysis And Forecast to 2025

Source: IndexBox AI Platform

Product coverage:
• NAICS 331110 - Iron and steel mills and ferroalloy manufacturing

This report provides an in-depth analysis of the market for iron, steel and ferroalloy in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• USA

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2013–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2013–2019
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2019
Table 2:
Market Volume, In Physical Terms, 2013–2019
Table 3:
Market Value, 2013–2019
Table 4:
Per Capita Consumption In 2013-2019
Table 5:
Imports, In Physical Terms, By Country, 2013–2019
Table 6:
Imports, In Value Terms, By Country, 2013–2019
Table 7:
Import Prices, By Country Of Origin, 2013–2019
Table 8:
Exports, In Physical Terms, By Country, 2013–2019
Table 9:
Exports, In Value Terms, By Country, 2013–2019
Table 10:
Export Prices, By Country Of Destination, 2013–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2013–2019
Figure 2:
Market Value, 2013–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2013-2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2013-2019
Figure 5:
Trade Balance, In Physical Terms, 2013-2019
Figure 6:
Trade Balance, In Value Terms, 2013-2019
Figure 7:
Per Capita Consumption, 2013-2019
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2013–2019
Figure 21:
Production, In Value Terms, 2013–2019
Figure 22:
Imports, In Physical Terms, 2013–2019
Figure 23:
Imports, In Value Terms, 2013–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2013–2019
Figure 26:
Imports, In Value Terms, By Country, 2013–2019
Figure 27:
Import Prices, By Country Of Origin, 2013–2019
Figure 28:
Exports, In Physical Terms, 2013–2019
Figure 29:
Exports, In Value Terms, 2013–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2013–2019
Figure 32:
Exports, In Value Terms, By Country, 2013–2019
Figure 33:
Export Prices, By Country Of Destination, 2013–2019

Webinar: Global Pineapple Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global pineapple market.



Saturday, September 19th, 2020 @ 10:00 am ET


Register

Webinar: Global Strawberry Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global strawberry market.



Sunday, September 20th, 2020 @ 10:00 am ET


Register

Webinar: Global Chicken Meat Market - Statistics, Trends, and Outlook



Join our live webinar to get insights into the global chicken meat market.



Thursday, September 24th, 2020 @ 10:00 am ET


Register
Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data