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Abi will answer all Stainless 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 Stainless Steel to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
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
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Find Suppliers
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
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 Performance
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Source Market Indices
Get information on key factors affecting your supply
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
Discover Market Info
Manage Risk
Find Suppliers
Assess Category Performance
Source Market Indices
Abi will answer all Stainless Steel related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
Get up-to-date market and supplier info on Stainless Steel to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
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
Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
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
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Get information on key factors affecting your supply
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
Are your suppliers secure from the covid-19 impact?
The report provides insights on the following:
2-3 Percent
2.59 MMT
6.8 MMT
29.4 MMT
The market for stainless steel is forecasted to increase from 42.6 MMT(million metric tons) in 2018 to 47.2 MMT in 2021 at a CAGR of 3 percent. The increase in urbanization and modernization globally are the main reasons for this growth. Moreover, the growth in the automotive industry along with the growing demand for energy and water will likely maintain the demand for stainless steel in the near future. The key driver of the stainless steel industry is the increasing demand from downstream industries such as agriculture, processing industry, consumer products, and construction industry.
The report includes an analysis of the cost structure in the stainless steel market, wherein the major expense is caused due to raw materials and electricity, which accounts for nearly 65-85 percent of the entire cost. The report further covers the price trend and forecast across different regions such as the U.S., Europe, and Asia. The risk analysis mentioned in the report gives a detailed analysis of the various risks associated with the stainless steel market ranging from fluctuations in supplier pricing, overpaying, etc.
Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.
Category Intelligence on Stainless Steel covers the following
Supplier Analysis
Key Global Suppliers
Key Regional Suppliers – Capabilities
Key Global Supplier Profile
SWOT Analysis
The worldwide stainless steel industry is forecasted to increase from 42.6 MMT (million metric tons) in 2018 to 47.2 MMT in 2021 at a CAGR of 3%. The increase in urbanization and modernization globally are the main reasons for this growth. Moreover, the flourishing automotive industry along with the rising demand for energy and water will likely drive the demand for stainless steel in the near future.
Further, the stainless steel industry is receiving major impetus from downstream industries such as agriculture, processing industry, consumer products, and construction.
LME nickel price is down in February, amid continued pressure in the base metals caused by the risk-off mood outside China. This is driven by the spread of the COVID-19 pandemic.
As there is not much demand and less supply because of the uncertainty due to the coronavirus outbreak, prices are expected to decrease in the short term.
With an unfavorable global circumstance, the export-reliant countries seem at risk. The global stainless steel market is redefined by the impacts of this public-health crisis, as a few distributors are either turning off or decreasing their production due to lack of stainless steel demand in the downstream industry.
The market size in the APAC region was at 27.04 MMT in 2017 and was expected to grow at 3 percent between 2017 and 2019.
Growth in the consumption of chemical/petrochemical and energy, consumer goods and medical and automotive and heavy transport mainly contributed to the increase in consumption in APAC.
The growth of the stainless steel industry in America was mainly impacted by the continuation of a strong dollar and weak-exporting demand for the year 2017.
Upsurge in Construction Projects
The construction industry is one of the major end-users of stainless steel. Several construction and infrastructure development projects need a huge amount of stainless steel to improve corrosion resistance and aesthetic appeal of the buildings.
Presence of Substitutes
Despite the surging demand for stainless steel in several sectors, the rapid emergence of carbon fibers, particularly in the automotive industry, is critically impacting the market for stainless steel over the coming years. Carbon fiber offers excellent strength, and load-bearing capacities, and is significantly lightweight. The amplifying importance of lightweight automobiles to curb fuel usage will increase the demand for lightweight materials. Carbon fibers decrease the weight of vehicles by nearly 30% thus making it highly preferable in the automotive sector.
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