Sairam Nagula’s Post

𝐂𝐨𝐥𝐝 𝐃𝐫𝐚𝐰𝐧 𝐒𝐭𝐞𝐞𝐥 𝐁𝐚𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐮𝐫𝐠𝐞𝐬 𝐀𝐦𝐢𝐝 𝐑𝐢𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐢𝐧 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐒𝐞𝐜𝐭𝐨𝐫𝐬 The Cold Drawn Steel Bars Market is experiencing steady growth, fueled by increasing demand in automotive, construction, and industrial machinery applications. These bars offer superior dimensional accuracy, surface finish, and mechanical properties, making them essential for precision components. Key industry players are expanding production capacities and investing in advanced manufacturing technologies to cater to rising global demand. The market is expected to witness further expansion with infrastructure and automation growth. #SteelIndustry #ColdDrawnSteel #Manufacturing #ConstructionGrowth #AutomotiveParts 𝐆𝐞𝐭 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨@https://lnkd.in/dXkVJ8y5 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 Nucor Corporation ArcelorMittal Tata Steel POSCO Baosteel Group Co. thyssenkrupp ArcelorMittal Nippon Steel India JSW Steel United States Steel Corporation Sidenor Aceros Especiales TimkenSteel Corporation JFE Steel Corporation Precision Kidd Steel Co., Inc. KALYANI STEELS LIMITED Ittehad Steel Eaton Steel Bar Company Gemini Group, Inc. Republic Steel Steel Dynamics, Inc. Bright Steel Centre Midwest Steel & Aluminum Parker Steel Company Coremark Metals Riva Group Swiss Steel Group Alro Steel Cogne Acciai Speciali S.p.A. Saarstahl AG Fushun Special Steel Co., Ltd. Charter Steel

𝐁𝐞𝐚𝐫𝐢𝐧𝐠 𝐒𝐭𝐞𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐃𝐮𝐫𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐢𝐧 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 The Bearing Steel Market is experiencing steady growth due to increasing demand in automotive, aerospace, industrial machinery, and railways. High-performance bearing steel ensures durability, wear resistance, and superior load-bearing capacity. The rise in electric vehicles, wind energy projects, and precision engineering further fuels market expansion. Technological advancements in metallurgy and manufacturing processes are enhancing product quality, making bearing steel a critical component in various industries. 𝐆𝐞𝐭 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨@https://lnkd.in/gZxabD4U 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 Nippon Steel Corporation JFE Steel Corporation POSCO ArcelorMittal Tata Steel Baosteel Group Co. thyssenkrupp voestalpine group-IT Ovako Group Sanyo TimkenSteel Corporation Gerdau Carpenter Co. Daido Steel Co., Ltd. SeAH Besteel Corp. Fushun Special Steel Co., Ltd. HBIS GROUP HENGSHUI STRIP PROCESSING CO., LTD. JSW Steel Sandvik BOHAI TRIMET Automotive Holding GmbH Jiangsu Shagang Co., Ltd. Aubert & Duval Allegheny Health Network SSAB AK Steel Corporation China Steel Corporation U. S. Steel Košice s.r.o. Steel Authority of India Limited Outokumpu Ellwood Group Zapp Precision Metals GmbH Jiangsu Hengli Hydraulic Co., Ltd. Erasteel Yamazaki Mazak Corporation Finkl Steel Hitachi Metals Automotive Components USA, LLC Bharat Forge Ltd Imphysis Media Pvt Ltd. Nucor Corporation Tenaris #BearingSteel #IndustrialMaterials #Automotive #SteelIndustry #MarketGrowth

𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐬 𝐚𝐧𝐝 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐨𝐟 𝐂𝐚𝐫𝐛𝐨𝐧 𝐒𝐭𝐞𝐞𝐥 Carbon steel is a versatile and widely used material in various industries due to its exceptional strength and durability. Composed primarily of iron and carbon, typically with a carbon content ranging from 0.05% to 2.0%, carbon steel derives its properties from the amount of carbon it contains. Low-carbon steels, with less than 0.3% carbon, are renowned for their ease of welding and forming, making them suitable for applications requiring flexibility and machinability, such as car bodies and structural beams. Medium-carbon steels, containing between 0.3% to 0.6% carbon, strike a balance between ductility and strength, often used in forging and automotive components. High-carbon steels, with carbon content above 0.6%, are exceptionally hard and wear-resistant, ideal for cutting tools and blades. 𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐝𝐮𝐫𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐥𝐢𝐭𝐲 𝐨𝐟 𝐜𝐚𝐫𝐛𝐨𝐧 𝐬𝐭𝐞𝐞𝐥 𝐭𝐨𝐝𝐚𝐲 @ https://lnkd.in/dJ2KuXtT The manufacturing of carbon steel involves precise control over the carbon content and alloying elements, such as manganese, silicon, and sometimes nickel and chromium, to achieve desired mechanical properties. This process allows carbon steel to be tailored for specific applications, whether it’s construction, manufacturing, or infrastructure. Its affordability and availability further contribute to its popularity in both industrial and consumer markets. However, susceptibility to corrosion necessitates protective coatings or alloy adjustments in corrosive environments. Overall, carbon steel's adaptability, strength, and economic viability make it an indispensable material across a wide spectrum of modern industries. 𝐌𝐚𝐣𝐨𝐫 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: ArcelorMittal, HBIS GROUP HENGSHUI STRIP PROCESSING CO., LTD., Nippon Steel Corporation, POSCO, United States Steel Corporation, EVRAZ PLC, Baosteel Group Co., JFE Steel Corporation, NLMK Group, and AK Steel International B.V. #CarbonSteel #IndustrialStrength #VersatileMaterial #SteelProperties

𝐈𝐫𝐨𝐧 𝐂𝐚𝐬𝐭𝐢𝐧𝐠𝐬 - 𝐀 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐆𝐮𝐢𝐝𝐞 [𝐏𝐃𝐅] Iron and Steel Market is analyzed to be $2.3 trillion in 2023 and is projected to reach $2.9 trillion in 2030. The market is estimated to grow with a CAGR of 4.0% during 2024-2030. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 @ https://lnkd.in/gih_BrB8 #Casting is a #manufacturing process in which a #liquid #material is usually poured into a mold, which contains a hollow cavity of the desired shape, and then allowed to solidify. The solidified part is also known as a casting, which is ejected or broken out of the mold to complete it. #Iron makes up 5% of Earth’s crust and is also found in the core of all the planets in the solar system. It oxidises/ rusts when it comes in contact with #oxygen, so it is rarely used in its pure form. It is also very hard and #brittle, and therefore is generally used in numerous industries. Iron is a very essential substance in range of products and is also a vital component in alloy like #steel, #carbon steel, stainless steel, cast iron, etc. Steel is a combination of iron and carbon, which is highly used in construction, weapons and transportation. 𝑭𝒐𝒓 𝑴𝒐𝒓𝒆 𝑰𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 @ https://lnkd.in/gJxuHdNt This has prompted investments in cleaner production technologies such as #electric arc furnaces and the development of recycled steel. Moreover, technological advancements and innovations in steel manufacturing processes have enhanced efficiency and product quality. As a result, the Iron and #Steel Market is poised for sustained growth as global economic recovery accelerates, with innovations in technology and sustainability shaping future trends. 𝐓𝐨𝐩 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐫𝐞 : ArcelorMittal | Nippon Steel Corporation | POSCO | HBIS GROUP HENGSHUI STRIP PROCESSING CO., LTD. | Jiangsu SHEMAR Electric Co., Ltd. | Ansteel | JFE Steel Corporation | Tata Steel | Nucor Corporation | Gerdau | Hyundai Steel | China Steel Corporation |

𝐂𝐚𝐫𝐛𝐨𝐧 𝐒𝐭𝐞𝐞𝐥 𝐑𝐨𝐮𝐧𝐝 𝐁𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐫𝐨𝐰𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐚𝐧𝐝 𝐅𝐮𝐭𝐮𝐫𝐞 𝐏𝐫𝐨𝐣𝐞𝐜𝐭𝐢𝐨𝐧𝐬 The Carbon Steel Round Bar Market is gaining significant momentum, driven by increasing applications in various industries such as construction, automotive, manufacturing, and heavy machinery. 𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐛𝐞𝐥𝐨𝐰: https://lnkd.in/gCaTSzhh 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 & 𝐆𝐫𝐨𝐰𝐭𝐡: The global carbon steel round bar market is projected to witness a steady compound annual growth rate (CAGR) over the forecast period, driven by the demand for durable materials in infrastructure and machinery applications. 𝐊𝐞𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬: #Construction Industry: Structural components, reinforcement bars. #Automotive Industry: Chassis components, suspension parts, axles. #Heavy Machinery: Gears, shafts, tools. 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐑𝐚𝐩𝐢𝐝 𝐔𝐫𝐛𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭: #Emerging economies are investing heavily in infrastructure projects, boosting the demand for carbon steel round bars. 𝐄𝐱𝐩𝐚𝐧𝐝𝐢𝐧𝐠 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐒𝐞𝐜𝐭𝐨𝐫: The automotive industry's focus on lightweight and #durable materials supports the integration of carbon steel in vehicle manufacturing. 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐚𝐫𝐛𝐨𝐧 𝐬𝐭𝐞𝐞𝐥 𝐫𝐨𝐮𝐧𝐝 𝐛𝐚𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞: ArcelorMittal Nippon Steel Corporation Jindal Steel & Power Ltd. Tata Steel Limited Nucor Corporation #CarbonSteelRoundBar #SteelIndustry #MetalManufacturing #IndustrialMaterials #ConstructionMaterials #SteelProducts #EngineeringSolutions #HeavyIndustry #MetalMarket #IndustrialInnovation #SteelProduction #MarketTrends #ManufacturingMaterials #GlobalSteelMarket #MetalFabrication

𝗠𝗲𝘁𝗮𝗹 𝗙𝗼𝗿𝗴𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁 𝟮𝟬𝟮𝟰-𝟮𝟬𝟯𝟭. 𝗚𝗹𝗼𝗯𝗮𝗹 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 The Metal Forging Market is anticipated to reach $153.9 billion by 2031, growing at a CAGR of 7.4% from 2024 to 2031. This growth is driven by increasing infrastructure development and the rising production of commercial aircraft. Infrastructure projects, including roads, bridges, dams, and buildings, demand substantial metal components like structural supports and fasteners, which are efficiently produced through metal forging. Forging provides a cost-effective way to produce these high-strength, durable components in large quantities, meeting the stringent requirements of infrastructure and transportation projects. The expansion of transportation networks, such as highways, railways, and airports, further drives demand for forged components in vehicles, trains, and aircraft, highlighting the critical role of forging in supporting infrastructure growth and technological advancements. 𝗧𝗼 𝗞𝗻𝗼𝘄 𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗰𝗼𝗽𝗲 𝗮𝗻𝗱 𝗗𝗲𝗺𝗮𝗻𝗱 𝗼𝗳 𝗠𝗲𝘁𝗮𝗹 𝗙𝗼𝗿𝗴𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁. 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙: https://lnkd.in/gGnqPjvJ *𝗕𝘆 𝗧𝘆𝗽𝗲: Closed Die Forging, Open Die Forging, Cold Forging, Roll Forging, Upset Forging, Other Methods    *𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Automotive, Oil & Gas, Aerospace & Defense, Construction, Agriculture, Machines & Tools, Mining & Metals, Other End-use Industries    *𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻: North America, Europe, Asia-Pacific, Latin America and Middle East & Africa *𝗕𝘆 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀: Arconic Corporation (U.S.), Nippon Steel Corporation (Japan), Precision Castparts Corp. (U.S.), Larsen & Toubro Limited (India), Bharat Forge Limited (India), thyssenkrupp AG (Germany), BRÜCK GmbH (Germany), ELLWOOD Group, Inc. (U.S.), Metal Forging Pvt. Ltd. (India), CELSA Group (Spain) Ovako AB (Sweden), Lolu Alloys Ltd (U.K.), Scot Forge Company (U.S.), Alcoa Corporation (U.S.), and ATI Inc.(U.S.) #metalforging #forging #metalmanufacturing #metalworking #metalshaping #precisionengineering #automotive #aerospace #oilgas #industrial #manufacturing #cncmachining #metalfabrication #heat treatment #metalcomponents #metalparts #custommetalwork #metalindustry #forgingsupplier #metalproducts #metalforming #blacksmithing #industrialdesign #metalfinishing #metalhardware #heavymachinery #constructionequipment #agricultureequipment #militaryequipment #toolsanddies #metaladditives #metalinnovation #forgingsolutions #metalapplications #industrytrends #marketgrowth

Process of Steel Making

Iron Castings - A Complete Guide [PDF] Iron and Steel Market is analyzed to be $2.3 trillion in 2023 and is projected to reach $2.9 trillion in 2030. The market is estimated to grow with a CAGR of 4.0% during 2024-2030. 𝑭𝒐𝒓 𝑴𝒐𝒓𝒆 𝑰𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 @ https://lnkd.in/gZ4mPHAB Casting is a manufacturing process in which a liquid material is usually poured into a mold, which contains a hollow cavity of the desired shape, and then allowed to solidify. The solidified part is also known as a casting, which is ejected or broken out of the mold to complete it. #Iron makes up 5% of Earth’s crust and is also found in the core of all the planets in the solar system. It oxidises/ rusts when it comes in contact with #oxygen, so it is rarely used in its pure form. It is also very hard and #brittle, and therefore is generally used in numerous industries. Iron is a very essential substance in range of products and is also a vital component in alloy like #steel, #carbon steel, stainless steel, cast iron, etc. Steel is a combination of iron and carbon, which is highly used in construction, weapons and transportation. ✅ 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗧𝗢𝗖 𝗮𝗻𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝗼𝗳 𝗥𝗲𝗽𝗼𝗿𝘁: @ https://lnkd.in/gwjUA-rj This has prompted investments in cleaner production technologies such as #electric arc furnaces and the development of recycled steel. Moreover, technological advancements and innovations in steel manufacturing processes have enhanced efficiency and product quality. As a result, the Iron and #Steel Market is poised for sustained growth as global economic recovery accelerates, with innovations in technology and sustainability shaping future trends. 𝐓𝐨𝐩 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐫𝐞 : ArcelorMittal | Nippon Steel Corporation | POSCO | HBIS GROUP HENGSHUI STRIP PROCESSING CO., LTD. | Jiangsu Shagang Co., Ltd. | Ansteel | JFE Steel Corporation | Tata Steel | Nucor Corporation | Gerdau | Hyundai Steel | China Steel Corporation | thyssenkrupp | Severstal

🔧 𝐓𝐨𝐨𝐥 𝐒𝐭𝐞𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐅𝐨𝐫𝐠𝐢𝐧𝐠 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐏𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐 Tool Steel Market Size Was Valued at 𝐔𝐒𝐃 𝟔.𝟔𝟒 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑 and is Projected to Reach 𝐔𝐒𝐃 𝟏𝟑.𝟖𝟒 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐, Growing at a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟖.𝟓% From 2024-2032. 📝𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲: https://lnkd.in/edWfueFt Tool steel is well known for its high hardness, ability to resist abrasion, and capacity to retain a sharp edge when exposed to high temperatures, making it suitable for a wide variety of industries and uses. Its important characteristics make it the preferred material for producing tools and parts that need to endure heavy loads and prevent distortion in high-stress situations. 𝐓𝐨𝐩 𝐀𝐜𝐭𝐢𝐯𝐞 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 ArcelorMittal Nippon Steel Corporation Hitachi Metals Automotive Components USA, LLC. thyssenkrupp POSCO Carpenter Technology Corporation Crucible Industries LLC Daido Steel Co., Ltd. Hudson Tool Steel Corporation Schmiedewerke Gröditz voestalpine High Performance Metals GmbH Finkl Steel ELLWOOD Specialty Metals Erasteel ASSAB Griggs Steel Company 𝐚𝐧𝐝 𝐎𝐭𝐡𝐞𝐫 𝐀𝐜𝐭𝐢𝐯𝐞 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐀𝐬 𝐰𝐞 𝐦𝐨𝐯𝐞 𝐢𝐧𝐭𝐨 𝟐𝟎𝟐𝟓 𝐚𝐧𝐝 𝐛𝐞𝐲𝐨𝐧𝐝, 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐬𝐞𝐭 𝐭𝐨 𝐞𝐯𝐨𝐥𝐯𝐞, 𝐢𝐧𝐟𝐥𝐮𝐞𝐧𝐜𝐞𝐝 𝐛𝐲: 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧𝐬 in steel production 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐝𝐞𝐦𝐚𝐧𝐝𝐬 for superior performance 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐢𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 shaping the future of materials #ToolSteel #IndustrialInnovation #PrecisionManufacturing #MarketInsights #SteelMarket #Innovation #2024Trends #ToolSteelMarket #Marketresearch

𝐈𝐫𝐨𝐧 𝐂𝐚𝐬𝐭𝐢𝐧𝐠𝐬: 𝐋𝐞𝐚𝐫𝐧 𝐀𝐥𝐥 𝐲𝐨𝐮 𝐍𝐞𝐞𝐝 𝐓𝐨 𝐊𝐧𝐨𝐰 𝐀𝐛𝐨𝐮𝐭 (𝐋𝐚𝐭𝐞𝐬𝐭 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 ) 𝐈𝐫𝐨𝐧 & 𝐒𝐭𝐞𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 is analyzed to be $2.3 trillion in 2023 and is projected to reach $2.9 trillion in 2030. The market is estimated to grow with a CAGR of 4.0% during 2024-2030. 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 @ https://lnkd.in/g2eMZHHj #Casting is a #manufacturing process in which a #liquid #material is usually poured into a mold, which contains a hollow cavity of the desired shape, and then allowed to solidify. The solidified part is also known as a casting, which is ejected or broken out of the mold to complete it. #Iron makes up 5% of Earth’s crust and is also found in the core of all the planets in the solar system. It oxidises/ rusts when it comes in contact with #oxygen, so it is rarely used in its pure form. It is also very hard and #brittle, and therefore is generally used in numerous industries. Iron is a very essential substance in range of products and is also a vital component in alloy like #steel, #carbon steel, stainless steel, cast iron, etc. Steel is a combination of iron and carbon, which is highly used in construction, weapons and transportation. 𝑭𝒐𝒓 𝑴𝒐𝒓𝒆 𝑰𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 @ https://lnkd.in/gRXrVgap This has prompted investments in cleaner production technologies such as #electric arc furnaces and the development of recycled steel. Moreover, technological advancements and innovations in steel manufacturing processes have enhanced efficiency and product quality. As a result, the Iron and #Steel Market is poised for sustained growth as global economic recovery accelerates, with innovations in technology and sustainability shaping future trends. 𝐓𝐨𝐩 𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐚𝐫𝐞 : ArcelorMittal | Nippon Steel Corporation | POSCO | HBIS GROUP HENGSHUI STRIP PROCESSING CO., LTD. | Jiangsu SHEMAR Electric Co., Ltd. | Ansteel | JFE Steel Corporation | Tata Steel | Nucor Corporation | Gerdau | Hyundai Steel | China Steel Corporation |