Shale boom boosting US steel industry

The new report, US Steel Industry Outlook 2019 published by RNCOS Business Consultancy Services, predicts that crude steel production (including the creation of stainless steel) will grow approximately 6.3 percent from 2015 to 2019.

Much of this growth is attributed to the new and innovative technologies that are leading the US natural gas industry into revolutionary growth. Big investments in new oil and gas extraction methods have made the natural gas production cost much more efficient. US shale gas production has soared dramatically since 2007, which also means that there has been a large increase in the demand for pipes and tubes.

The full report studies the US steel industry in terms of production, consumption, export and import scenario according to sector. A steel demand analysis, along with price, is also provided. Product production and consumption is also included including long products, flat products and seamless tubes with forecast till 2019. This report also provides the further break up of long products production into concrete reinforcing bars, bars, and wire rods and flat products into electrical sheet & strip, tin mill and other metallic coated sheet & strips.

A free sample of the report can be accessed at:

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