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Global Weathering Steel Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Weathering steel, also known as low-alloy steel, contains less than 0.2 weight percent carbon and up to 3-5 weight percent alloying elements, primarily Cu, Ni, P, Cr, Si, and Mn. Weathering steel is distinct from other corrosion-resistant steels, such as austenitic stainless steel, which never rusts. Its high strength and superior corrosion resistance across the whole life cycle make it a perfect choice for bridge building.
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Europe is projected to have the highest CAGR over the forecast period, owing to Germany which dominates the region, with approximately 190 infrastructure projects under construction. Highway expansion plans in European countries are expected to improve product demand. The ongoing significant road projects in the United Kingdom, such as the A14 upgrade between Cambridge and Huntingdon in England, the M4 motorway improvement in England, and the A9 Perth-to-Inverness duelling project in Scotland, are driving the market.
Some of the key players profiled in the Weathering Steel Market include United States Steel Corporation, Nippon Steel, Tata Steel, Sumitomo Metal Corporation, SSAB AB, HBIS Group, Baosteel, Hebei Iron and Steel Group, Steel Dynamics, TERNIUM S.A, TimkenSteel Corporation, Voestalpine AG, Wuhan Iron and Steel Group, Arcelor Mittal, Umicore, Jinchuan Group International Resources Co. Ltd, Huayou Cobalt Co., Ltd, Votorantim Metais SA, Eramet and Sumitomo Corporation.
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Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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