LONDON--(BUSINESS WIRE)--Infiniti Research, a world-renowned market intelligence solutions provider, has announced the completion of their latest list blog on the major challenges faced by steel manufacturers. Winning in the global steel trade will take a strategic combination of operational and technological changes. The steel manufacturers that start looking into the challenges given in this blog are most likely to emerge victoriously.
The adaptability of steel as a product along with its fundamental requirement in our lives makes it a vital element for economic growth. The steel industry holds abundant promising prospects for growth and profit. At present, factors like trade and overcapacity are some of the issues faced by steel manufacturers. Infiniti has listed the major challenges faced by the steel manufacturers in the current market scenario.
According to the steel industry experts at Infiniti, "There is a constant pressure on global steel companies to find better ways to gain a competitive advantage in the market."
View the complete list of the major challenges faced by steel manufacturers from Infiniti
Infiniti Research is a global market intelligence company presenting market insights to help look beyond market disruptions, studying competitive activity, and developing intelligent business strategies. Listed below are the major challenges faced by steel manufacturers.
Major challenges faced by steel manufacturers
- Solid waste management: Steel manufacturing involves a lot of solid wastes, and these waste products contain several valuable products that can be reused economically. Players in the steel industry need to find ways to make the best out of this solid waste.
- The problem of excess capacity: Steelmakers are constantly struggling to increase profit margins due the high rates of production and volatile raw material prices. Therefore, steel manufacturers should focus on shutting down the excess and less efficient capacity to achieve long-term growth in the steel industry.
- Growth in demand: The global steel consumption is expected to grow in the coming years due to the increasing focus on infrastructure and development. The rate of growth in emerging economies is uncertain due to unresolved structural issues, political instability, and volatile financial markets. The major concern for steel manufacturers is whether they would be able to meet the growing demand in the long run.
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About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies.
With 15+ years of experience and offices across three continents, Infiniti Research has been instrumental in providing a complete range of competitive intelligence, strategy, and research services for over 550 companies across the globe.