Chicago, IL -- (SBWire) -- 06/22/2017 --The round stainless steel bars are generally the mixture of metals and alloys. They are used in manufacturing of automotive spare parts, rail wheels, and heavy machineries. Round steel bar varies in size and they are 10mm to 500 mm.
The report on the global Stainless steel round bar market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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KEY PREMIUM INDUSTRY INSIGHTS
The key reasons driving the growth of the Stainless steel round bar market include the rise in automobile industry and aerospace & defense.
Innovative techniques and increase in the need of round bar steel in infrastructure are the key growth opportunity drivers for this market.
However, the High invest cost is the major factor that may hamper the growth of the Stainless steel round bar market.
KEY MARKET PLAYERS
Key players in the stainless steel round bar market include:
1. Arcelormittal
2. POSCO
3. Nippon Steel Limited
4. Gerdau S.A
5. JFE Holdings, Inc.
6. Maanshan Iron & Steel Company Limited
7. Angan Steel Company Limited
8. Baosteel Group Corporation
9. United State Steel Corporation
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Stainless Steel Round Bar Expected to Grow at a Steady CAGR by 2022 - Scalar Market Research
Stainless Steel Round Bar Market, by Type (Hot Rolled, Cold Rolled), Heat Treatment (Hardening, Tempering, Annealing, Normalizing, Stress Relieving, Quenching), Application (Automobile, Heavy Engineering, Defense and Aerospace, Others) – Global Revenue, Trends, Growth, Share, Size, and Forecast To 2022