Global Alloy Steel and Stainless Steel Blooms & Billets Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Alloy Steel and Stainless Steel Blooms & Billets Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Alloy Steel and Stainless Steel Blooms & Billets are continuous casting products in the as-cast state, which are semi-finished steel products. Alloy Steel and Stainless Steel Blooms & Billets products are used as raw materials in many fields, they are very strong and are available in a variety of sizes.

Market Overview:

The latest research study on the global Alloy Steel and Stainless Steel Blooms & Billets market finds that the global Alloy Steel and Stainless Steel Blooms & Billets market reached a value of USD 108393.26 million in 2022. It’s expected that the market will achieve USD 113904.5 million by 2028, exhibiting a CAGR of 0.83% during the forecast period.

Impact of Russia and Ukraine War

With the outbreak of the Ukrainian-Russian War, it has brought a certain degree of influence to the development of global steel. From natural gas, coal, oil, iron ore, aluminum, platinum group metals and zinc, to copper, lead, petrochemicals and fertilizers, the international market relies heavily on certain Russian commodities, especially energy minerals. Russia is the world's major crude oil producer and exporter, as well as the world's largest natural gas exporter, with the world's largest natural gas reserves. In addition, Russia is also one of the main suppliers of pig iron. Therefore, with the outbreak of the Ukrainian-Russian war, the supply of raw materials for products may be interrupted. In addition, energy costs have risen due to the outbreak of war in Ukraine and Russia. Energy costs are one of the major costs in the steel industry. Therefore, for the industry, rising energy costs lead to higher corporate energy costs. In general, the outbreak of wars in Ukraine and Russia has led to higher production costs for companies in the Alloy Steel and Stainless Steel Blooms & Billets industry, which is not conducive to the development of the industry.

Environmental supervision is becoming more and more strict

Environmental pollution has become a constant problem plaguing human beings. Dust, landfills, non-degradable substances, wastewater, etc. produced by industrial production, because of their wide range, large volume and extremely complex composition, far exceed the self-repairing ability of the environment, and become the most important source of pollution, leading to overdraft of environmental resources. Ecology has been severely damaged. For the Alloy Steel and Stainless Steel Blooms & Billets industry, businesses generate wastewater, exhaust air and solid waste during the production of their products. Alloy Steel and Stainless Steel Blooms & Billets industry companies must comply with environmental laws and regulations regarding air, water quality, solid waste disposal, etc., and be inspected by relevant environmental protection authorities.

Increased demand for steel in the oil and gas sector

Oil and natural gas are the most important energy sources in the world. Its products support modern society, primarily providing energy to the power industry, heating homes, fueling cars and planes, and fueling goods and people around the world. As an important energy source for a country's industrial development, oil resources are constantly developing and exploring new oil fields. At the same time, as the oil and gas industry has grown, so has the pipeline network. Pipeline transportation is the transportation of liquids or gases over long distances through a system of pipes (pipes) to a market area for consumption. In the field of oil and gas extraction and transportation, steel is one of the main materials. For example, casing is required in mining. In the field of pipeline transportation, seamless steel pipes are often used as oil and gas pipelines. At present, countries around the world continue to increase the construction of oil and natural gas transmission pipelines, and the demand for steel such as seamless steel pipes continues to increase. Alloy Steel and Stainless Steel Blooms & Billets are raw materials for making seamless steel pipes. The Alloy Steel and Stainless Steel Blooms & Billets industry is propelled by the increasing demand for steel from the oil and gas sector, the seamless steel pipe market is expanding.

Region Overview:

In global comparison, a significant portion of the revenue was generated in China (51.13% in 2022).

Company Overview:

Baowu is one of the major players operating in the Alloy Steel and Stainless Steel Blooms & Billets market, holding a share of 7.47% in 2022.

Baowu

Baowu Group Corporation takes iron and steel as its main business, produces high-quality steel with high technology content and high added value, and cultivates three major product categories: carbon steel, stainless steel and special steel. Not only to meet the domestic market demand, but also exported to more than 40 countries and regions such as Asia, Africa, Europe and the United States, and are widely used in automobiles, home appliances, petrochemicals, machinery, energy, transportation, metals, aerospace, nuclear power and electronic instruments.

ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in more than 60 countries and an industrial footprint in 18 countries. Guided by a philosophy to produce safe, sustainable steel, ArcelorMittal are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.

Segmentation Overview:

As for product types, the Alloy Steel Blooms & Billets segment held the largest market share in 2022.

Stainless Steel Blooms & Billets

Differentiate according to Blooms & Billets material. Stainless Steel refers to alloy steel with high chromium (usually 12%~30%) that is passive, corrosion-resistant, non-rusting in the atmosphere and corrosive media such as acid, alkali, and salt. It can be divided into austenitic stainless steel, martensitic stainless steel, etc.

Alloy Steel Blooms & Billets

Alloy steel is a steel with special properties in addition to carbon and one or more other elements. Alloy steel can be divided into low alloy steel and high alloy steel. Low alloy steel refers to alloy steel with an alloying element content of less than 8%. Anything above 8% is already considered a high alloy steel. A distinction is made between stainless steel and alloy steel in this report.

Application Overview:

By application, the Consumer Goods segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Alloy Steel and Stainless Steel Blooms & Billets market covered in Chapter 3:

Mahindra Sanyo
TimkenSteel
Valbruna
Prakash
Sidenor
Sandvik
Nippon Steel
SAIL
Gopal
Jailaxmi
Jiangsu Shagang
ArcelorMittal
Angang Steel
POSCO
Outokumpu
JFE
Jai Balaji
Baowu

In Chapter 4 and Chapter 14.2, on the basis of types, the Alloy Steel and Stainless Steel Blooms & Billets market from 2018 to 2029 is primarily split into:

Stainless Steel Blooms & Billets
Alloy Steel Blooms & Billets

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Alloy Steel and Stainless Steel Blooms & Billets market from 2018 to 2029 covers:

Building & Construction
Automotive & Transportation
Consumer Goods
Mechanical Engineering & Heavy Industries
Oil and Gas
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)