beroe-ai

Carbon Steel
Market, Supplier, Risk and
Competitive Intelligence

best-value

With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai™

feature

 No Additional Benefits

Not ready yet? Schedule your free Demo

Subscription Benefits:

  • PRO access to Beroe LiVE.Ai™
  • Category Report with unlimited updates
  • Supplier Watchlist for 3 suppliers
  • Supplier Shortlisting Tool

With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai™

feature

Manage Carbon Steel Category with Ai powered
Procurement Productivity Suite

meet-abi-1

Abi will answer all Carbon Steel related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

discover-market-info

Get up-to-date market and supplier info on Carbon Steel to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

meet-abi-1

Abi will answer all Carbon Steel related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

discover-market-info

Get up-to-date market and supplier info on Carbon Steel to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

Get Beroe LiVE.Ai™ subscription for your team

17k + companies trust Beroe for their supply market intelligence needs

Check out what’s included in market information for Carbon Steel on Beroe LiVE.Ai™

Learn More about Beroe LiVE.Ai™

COVID 19 impact on Carbon Steel market

  • Carbon Steel prices are expected to be volatile moving forward due to the outbreak, with several regions across the globe going on lockdown to prevent the spread of the disease.
  • Decreased demand from Construction & automotive industry is expected to put downward pressure on steel prices

Are your suppliers secure from the covid-19 impact?

Check Now

Report Coverage

  • Regional Market Outlook- US, Europe, China
  • Key Global Supplier Profiles
  • Cost Driver Analysis
  • Contract Structure

Production Size

Production Size North America

92.2 MMT

Production Size Europe

166 MMT

Production Size China

948 MMT

Table of contents

  1. Executive Summary
  2. Global Trends
  3. Supply Market Outlook
  4. Demand Market Outlook
  5. Category Strategy Recommendation
  6. Category Opportunities & Risk
  7. Impact on Covid-19
  1. COVID-19 Section
  2. Sourcing Location Watch
  3. Supplier Watch
  4. Industry Watch
  5. COVID-19 Impact

 

  1. Market Analysis
  2. Global Market Overview
  3. Key Market Indicators
  4. Crude Steel Production: Heat Map
  5. Regional Analysis
  6. Porter's Analysis

 

  1. Market Monitoring Insights Report
  2. Cost Structure Analysis
  3. Commodity Price Forecast
  4. Raw Material Price Forecast
  5. Cost Analysis and Expected Savings
  6. Negotiation Support Levers
  7. Steel Tariffs

 

  1. Supplier Analysis
  2. Key Global Suppliers
  3. Key Regional Suppliers: Capabilities
  4. Top Suppliers in Key Supply Locations: Capabilities
  5. KeyGlobal Supplier Profile
  6. SWOTAnalysis

Want a more detailed personalised report?

Carbon Steel Market Analysis and Global Outlook

  • Expected increase in downstream demand to 1,907 MMT by 2022 and the need for cost reduction are the key market drivers
  • Supply glut, volatile trade relations, and tariffs have adversely affected the steel market, resulting in cautious market growth

 

Steel Market Overview - Global

  • Construction constitutes to around 36 percent of the steel end use. The decline in commodity prices, along with the surplus market condition in major regions, such North America and China, has adversely impacted the steel prices.
  • Despite the moderate cut down in production towards the end of the year in China, in light of environmental regulations especially during the winter heating season, ramp up in production across the globe, resulted in a growth in overall steel production in 2018

Global Steel Drivers and Constraints

Drivers

Downstream Demand 

  • Increasing demand from downstream industries, such as construction, engineering, and manufacturing, will impact the steel market
  • Construction industry is expected to be the primary driver of steel industry

Need for Cost Reduction 

  • Increased focus on reducing the total cost of ownership of steel making process has led to:

−The adoption of new technologies

−Use of more energy

-efficient fabrication, manufacturing process

Technological Advancements 

  • Development of new technologies is driven by the need to attain low cycle time in the manufacturing process
  • Suppliers in emerging economies are rapidly adopting technologies, in order to improve efficiency and increase production capacity

Constraints

Current Supply Glut 

  • Steel industry has been facing supply glut since 2014, mainly due to fall of demand from the largest consumer, China
  • China ‘s weak economic growth has impacted the global steel industry and subsequently, the carbon steel prices
  • The recent curtailment, globally, and lower production rates are expected to improve the conditions sooner

Lower Profit Margins 

  • For the past 12–18 months, steel suppliers experience lower margins, due to falling prices
  • Suppliers are also susceptible to commodity price fluctuations, against which, they cannot hedge, due to relatively shorter contract period

Supplier Landscape

  • The global crude steel market is moderately consolidated, with the major manufacturers such as ArcelorMittal, Hesteeel Group, NSSMC, POSCO, and Baosteel Group, accounting for a market share of around 28 percent. However, persistence of supply and consequent losses to steelmaker are expected to result in further consolidation of the global steel industry
  • The steel production market is expected to grow at a moderate 2-3 percent CAGR during the period 2018-2021. Despite the moderate cut down in production towards the end of the year in China, in light of environmental regulations especially during the winter season, ramp up in production across the globe, resulted in a growth in overall steel production in 2018
  • Asia has the largest share of global production accounting for nearly 49 percent of the total production. China’s crude steel production for April 2019 was 85.0 MT, an increase of 12.7 percent compared to April 2018

Cost Driver Analysis

The major price drivers of crude steel are raw materials such as iron ore, ferrous scrap, nickel along with utility cost, production and administrative overheads, logistic cost, and labor. A rise in prices of raw material, labor, and electricity will impact the cost of crude steel.

Raw Material

  • Iron ore and ferrous scrap are the primary raw materials used in crude steel and is the major cost driver. However, for stainless steel, nickel with other alloys serves as the major cost driver
  • More than 60 percent of steelmaking cost is contributed by raw material, both in Blast Oxygen Furnace (BOF) and Electrical Arc Furnace (EAF) of the steel making processes

Utility Cost

  • Based on the method of steel making, such as BOF and EAF, utility cost varies from 11 to 20 percent of the steel making cost

Labor

  • Labor cost accounts for 8–10 percent of the total steelmaking cost. The cost is lower in China, when compared to the US and Europe

Overheads (production & administration)

  • Overhead expenses include production and administration costs. Overhead cost is expected to account for ~2–5 percent of the overall cost of crude steel

 

With this purchase you will be subscribed for a 12-month PRO membership to AI Powered Procurement Productivity Suite - Beroe LiVE.Ai™

feature

Complimentary 12-month access to Beroe LiVE

Any more questions?

Get in touch with us quickly and easily.

x

American Red Cross CPO will talk about the Art of Stakeholder Management on Aug 4