Carbon Steel Market Size, Share, Growth, Trends, Applications and Industry Strategies By 2027

Carbon Steel Market Overview:

Carbon steel is a steel alloyed with iron and carbon. It has a higher carbon content of 0.05 percent to 3.8 percent by weight, a lower melting point of 1425 to 1510 degrees Celsius, and is more durable than stainless steel. Carbon steel is the most widely used engineering and construction material in large-scale industrial applications such as marine structures, power plants, transportation, chemical processing, and petroleum extraction and refining. Carbon steel has higher tensile strength and hardness than stainless steel, but it is more prone to corrosion. This Global Carbon Steel Market report examines segments such as type, application, and region.

Request for free sample:

https://www.stellarmr.com/report/req_sample/Carbon-Steel-Market/161

COVID-19 Impact Analysis on Carbon Steel Market:

The pandemic of COVID-19 has had a negative impact on the Carbon Steel Market. Global crude steel production fell by 5.4 percent in the first half of 2020 compared to the same period the previous year. According to the WorldSteel Association, crude steel production in the Middle East (-0.5%), Asia (-2.3%), Pacific (-3.3%), the CIS (-4.1%), and Other Europe (-6.3%) appeared to be more resilient in the first half of 2020 when compared to the first half of 2019. Steel output, on the other hand, fell dramatically in the European Union (-17.9%), North America (-17.6%), South America (-19.9%), and Africa (-20.9 percent ).

Inquire for more Report Details:

https://www.stellarmr.com/report/enquire_now/Carbon-Steel-Market/161

Segmentation:

The most common type of steel is mild steel, also known as plain-carbon steel and low-carbon steel, which is an iron with a little proportion of carbon, durable, but difficult to temper. It is popular because it is inexpensive and can be used for a variety of applications. Because it contains between 0.05 to 0.30 percent carbon, this steel is ductile and malleable. Although this steel has a low tensile strength, it is cheap, easy to form, and can be carburized to increase surface hardness. Low carbon steel is frequently used in food cans, construction, pipes, and auto parts.

Key Players:

• Curtis Steel Co., Inc
• Bushwick Metals LLC
• ArcelorMittal SA,
• Omega Steel Company
• Afarak Group
• HBIS Group
• POSCO
• AK Steel Corporation
• NLMK Evraz plc

Market Scope:

This SMR report divides the Carbon Steel Market (value, production, and consumption) by manufacturers, region, type, and application. This SMR report covers the following topics: market size, market share, growth rate, future developments, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter's Five Forces Analysis.

Key Questions answered in the Carbon Steel Market Report are:

• Which product segment grabbed the largest share in the Carbon Steel market?
• How is the competitive scenario of the Carbon Steel market?
• Which are the key factors aiding the Carbon Steel market growth?
• Which region holds the maximum share in the Carbon Steel market?
• What will be the CAGR of the Carbon Steel market during the forecast period?
• Which application segment emerged as the leading segment in the Carbon Steel market?
• Which are the prominent players in the Carbon Steel market?
• What key trends are likely to emerge in the Carbon Steel market in the coming years?
• What will be the Carbon Steel market size by 2027?
• Which company held the largest share in the Carbon Steel market?

About Stellar Market Research:

Stellar Market Research is a market research and consulting firm that provides syndicated and custom-designed research reports, as well as consulting services. The company’s products are majorly focused on assisting businesses in making better business decisions by locating, targeting, and analysing changes in consumer behaviour across demographics and industries. To provide relevant and fact-based research, the company conducts market intelligence studies in a variety of areas, including healthcare, touch points, chemicals, types, and energy. Stellar Market Research has a large team of highly skilled analysts who specialise in a wide range of fields. Clients of the company can gain an advantage over their competitors due to the company’s industry experience and ability to provide a tangible solution to any research problem.

Contact Us:

S.NO.8, H.NO. 4-8 PL.7/4, KOTHRUD,

PINNAC MEMORIES FL. NO. 3,

KOTHRUD, PUNE,

Pune, Maharashtra, 411029

sales@stellarmr.com