Steel Market: Steel Prices, Steel Metal, Steel Suppliers, Strategic Sourcing Insights, Cost Benefit Analysis and Spend Growth Data Now Available from SpendEdge
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Global Steel Category - Procurement Market Intelligence Report. (Photo: Business Wire)
The growing need for lightweight steel metal in the automotive industry is increasing the growth of the steel market and is subsequently resulting in an increase in the spend growth momentum. In addition, work on 33,449 MW wind projects in the US is also creating a huge demand for steel, which is resulting in significant market growth.
“ Considering the logistics/regulatory convenience and costs, the buyers should procure from suppliers who are located near the buyer’s facility,” says SpendEdge procurement expert Sumit Yadav.
The current analysis of the steel market reveals that the possibility of changes in government policies will cast a significant effect on the supplier’s business. to get guidance from our procurement experts on the best strategies to tackle such business complexities in the steel market.
The procurement experts at SpendEdge expect the following factors to play a key role in influencing the global category spend for the steel market.High demand for the steel metal from the automotive industry. Favorable trade policies across several regions are increasing the demand for the steel metal across the construction, automotive, and energy industries. Not what you are looking for? Our industry experts will work directly with you to understand your requirements and offer customized information!
SpendEdge’s procurement market intelligence reports for the materials category offer significant insight into procurement organization objectives and identifies key cost and volume drivers impacting pricing. Additionally, SpendEdge’s reports provide insights on the sustainability and supplier operational capability matrix for the category.
Report scope snapshot: Steel market
US market insightsSupplier cost structure in the US Margins of suppliers in the US Category cost drivers Interested to know more about the scope of our reports?
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Category ecosystemCompetitiveness index for suppliers Buyer power Supplier power score To view this report’s table of contents,
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INDUSTRY KEYWORD: MANUFACTURING STEEL
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PUB: 09/21/2018 08:00 AM/DISC: 09/21/2018 08:00 AM