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The steel scrap market size is forecast to increase by 62.78 million T, at a CAGR of 1.62% between 2022 and 2027. Market expansion is driven by various factors, notably the rising utilization of steel scrap, the robust demand for steel in industrial sectors, and the growing needs within the construction industry. However, this growth trajectory encounters obstacles such as the intricacies involved in sorting steel scrap and the prevalence of impurities within it. Additionally, the presence of substitute materials poses a threat, while fluctuations in the demand and pricing for stainless steel further add to market uncertainty. Overcoming these challenges necessitates innovative approaches to streamline scrap sorting processes and mitigate impurity concerns. Moreover, strategies to address the threat of substitutes and navigate through market volatility are crucial for sustained growth. By proactively managing these factors, the steel industry can capitalize on opportunities and reinforce its position amidst evolving market dynamics.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Source
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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