The 2022 Report on Iron and Steel Mills and Ferroalloy Manufacturing: World Market Segmentation by City

The 2022 Report on Iron and Steel Mills and Ferroalloy Manufacturing: World Market Segmentation by City

  • July 2021 •
  • 506 pages •
  • Report ID: 6118856 •
  • Format: PDF
This report was created for global strategic planners who cannot be content with traditional methods of segmenting world markets. With the advent of a "borderless world", cities become a more important criteria in prioritizing markets, as opposed to regions, continents, or countries. This report covers the top 2,000 cities in over 200 countries. It does so by reporting the estimated market size (in terms of latent demand) for each major city of the world. It then ranks these cities and reports them in terms of their size as a percent of the country where they are located, their geographic region (e.g. Africa, Asia, Europe, Middle East, North America, Latin America), and the total world market.

This study covers iron and steel mills and ferroalloy manufacturing as defined by the North American Industrial Classification system or NAICS (pronounced "nakes").

The NAICS code for iron and steel mills and ferroalloy manufacturing is 3311. It is for this definition that aggregate latent demand estimates are derived. Iron and steel mills and ferroalloy manufacturing is specifically defined as follows:

3311 Iron and Steel Mills and Ferroalloy Manufacturing

33111 This industry comprises establishments primarily engaged in one or more of the following: (1) direct reduction of iron ore; (2) manufacturing pig iron in molten or solid form; (3) converting pig iron into steel; (4) manufacturing ferroalloys; (5) making steel; (6) making steel and manufacturing shapes (e.g., bar, plate, rod, sheet, strip, wire); and (7) making steel and forming pipe and tube.

331111 This U.S. industry comprises establishments primarily engaged in one or more of the following: (1) direct reduction of iron ore; (2) manufacturing pig iron in molten or solid form; (3) converting pig iron into steel; (4) making steel; (5) making steel and manufacturing shapes (e.g., bar, plate, rod, sheet, strip, wire); and (6) making steel and forming tube and pipe.

331112 This U.S. industry comprises establishments primarily engaged in manufacturing electrometallurgical ferroalloys. Ferroalloys add critical elements, such as silicon and manganese for carbon steel and chromium, vanadium, tungsten, titanium, and molybdenum for low- and high-alloy metals. Ferroalloys include iron-rich alloys and more pure forms of elements added during the steel manufacturing process that alter or improve the characteristics of the metal being made.

331111B Steel pipe and tubes

331111D Cold rolled steel sheets and strip

331111F Cold finished steel bars

331111H Seamless rolled ring forgings

331111J Open die or smith forgings

331111L Other steel mill products, including steel rails

This study covers the world outlook for iron and steel mills and ferroalloy manufacturing across more than 2,000 cities. For the year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the city in question (in millions of U.S. dollars), the percent share the city is of the region, and of the globe. These comparative benchmarks allow the reader to quickly gauge a city vis-à-vis others. Using econometric models which project fundamental economic dynamics within each country and across countries, latent demand estimates are created. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved.

This study does not report actual sales data (which are simply unavailable, in a comparable or consistent manner in virtually all of the cities of the world). This study gives, however, Professor Parker’s estimates for the worldwide latent demand, or the P.I.E., for iron and steel mills and ferroalloy manufacturing. It also shows how the P.I.E. is divided across the world’s cities. In order to make these estimates, a multi-stage methodology was employed that is often taught in courses on international strategic planning at graduate schools of business.