Recycled Steel Market to Observe Strong Development by 2025

Steel recycling is a process that is widely performed in steel industries worldwide.
Recycled steel is more cost effective than mining iron ore and then converting it into new steel.
This press release was orginally distributed by SBWire Steel recycling is a process that is widely performed in steel industries worldwide.
Recycled steel is more cost effective than mining iron ore and then converting it into new steel.
There are mainly three broad sources of scrap steel- home scrap (i.e. the scrap produced within a mill and is available within few weeks of time), prompt scrap (i.e. the scrap produced from manufacturing of steel products and is available within few months), and obsolete scrap (i.e. the scrap produced during the deterioration stage of steel products and it takes decades to get the scrap).
Recycled steel possesses numerous benefits such as, it saves landfill space, processing is economic and ecological, saves energy, electricity and water, reduces the use of coal, iron ore & limestone and reduces air pollution, water pollution, mining wastes & consumer wastes.
Recycled Steel Industry: Market Dynamics Certain factors such as increase in demand for scrap steel for the production of steel, application in automobile industry, increasing investments in equipment used for scrap metal extraction, uses of recycled steel such as structural steel and light gauge in building and construction industry, and establishment of steel mills using the technology of electric arc furnace, act as the main drivers of this market.
Also, factors such as increasing prominence of other alternative metals and restrictions in export of scrap steel can be considered as challenges in recycled steel industry over the forecast period.
Regulations and laws in Japan, such as, promotion of efficient utilization of resources, automobile recycling law and container & packaging recycling law have prepared the companies to make it mandatory to promote the scrap metal recycling and also reduce landfill disposal and increase energy savings.
Recycled Steel Market: Market Participants Examples of some of the market participants in the Global Recycled Steel Market identified across the value chain include ArcelorMittal S.A., Gerdau group, Metalico Inc., Maanshan Iron & Steel Company Limited, Baosteel Resources Co. Ltd., Nucor For more information on this press release visit: Media Relations Contact Rahul Singh Marketing Manager Persistence Market Research Telephone: 1-646-568-7751 Email: Click to Email Rahul Singh Web:

Global Automotive Sheet Metal Components Market: Rising Demand for Lightweight Vehicles to Drive Market, says TMR

Global Automotive Sheet Metal Components Market: Rising Demand for Lightweight Vehicles to Drive Market, says TMR.
ALBANY, New York, Jun 09, 2017 (PR Newswire Europe via COMTEX) — ALBANY, New York, June 9, 2017 /PRNewswire/ — The global market for automotive sheet metal components [ ] has a largely fragmented competitive landscape featuring a large number of small and large players and the leading four players collectively accounting for a nearly 40% of the overall market in 2016, observes Transparency Market Research (TMR) in a recent report.
Product innovation and development are key strategies adopted by most leading market players.
Companies are focusing more on research and development activities to create innovative products to capture and maintain larger market share globally.
China, one of the largest manufacturer of sheet metal components globally and one of the leading consumers of passenger vehicles, is expected to continue to drive the Asia Pacific market over the next few years, helping the regional market retain its top spot in the global market over the forecast period.
Get PDF Sample for this Research Report @ Rising Production of Vehicles Globally to Drive Market In the past few years, there has been a vast rise in the production of vehicles across the globe owing to the rising demand and usage of passenger vehicles.
With the rise in the number of hybrid and electric vehicles in the automobile market, the application and market for sheet metal components in such vehicles is also expected to flourish in the near future.
Fluctuating Prices of Steel and Aluminum to Hinder Growth Prospects As steel and aluminum are the two most used materials used for the manufacturing of automotive sheet metal components so their availability and fluctuation in prices make a huge impact on the overall market of automotive sheet metal components.
China is the presently the leading producer of aluminum and steel globally.
This review of the global automotive sheet metal components market is based on a recent market research report published by Transparency Market Research, titled "Automotive Sheet Metal Components Market (Material – Steel and Aluminum; Application – Interior, Drivetrain, Engine, Exterior, and Chassis) – Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast, 2017-2025."

U.S. Steel chemical spill closes beaches, EPA measuring environmental damage

U.S. Steel chemical spill closes beaches, EPA measuring environmental damage.
Low levels of the chemical hexavalent chromium, which is a carcinogen, were found in Lake Michigan, near the mouth of Burns Waterway, Sam Borries a branch chief for Region 5 of the U.S. Environmental Protection Agency’s emergency response program.
The park closed public access to West Beach and the Portage Lakefront and Riverwalk Tuesday afternoon in light of the spill, which an EPA official said occurred Tuesday morning within 100 yards of Lake Michigan.
Officials in Ogden Dunes also closed their beach because of the spill and Indiana American Water Company, which provides drinking water to the community, shut down its plant there and is using its plant in Gary as a backup for the time being.
The beaches and water will be independently tested and monitored to determine when they are safe to reopen, Rowe said, adding the National Park Service has staff on the scene to closely monitor the situation and will provide more information as it becomes available.
"EPA will now get the lab work to determine if there is any contamination of our resources.
"Once the investigation is done, that will be determined," Borries said.
"It certainly reduces the impact by changing it into something else," Kelly said.
The town is instead getting its water from the Borman Park water treatment facility in Gary, Joe Loughmiller, the water utility’s external affairs manager, said in a statement.
"My office will continue to stay in close contact with the EPA, the IDNL, as well as with U.S. Steel and other federal, state, and local entities, as we gather information and work to remedy any impact from the discharge."