/Global Merchant Pig Iron market is expected to reach US$ 124,179.0 million by 2027, growing at an estimated CAGR of 8.7% over the forecast period mainly due to rise in the demand for steel at global level, says Absolute Markets Insights
Global Merchant Pig Iron market is expected to reach US$ 124,179.0 million by 2027, growing at an estimated CAGR of 8.7% over the forecast period mainly due to rise in the demand for steel at global level, says Absolute Markets Insights
amiFebruary 6, 2021 41
Increase in demand for steel on the global level has boosted the global merchant pig iron market. Steel has been in demand since the time of industrialization. Steel is a necessary element in the growth of any economy as it is a crucial for both manufacturing and construction applications. Carbon content is the element that makes pig iron and steel different from each other. Pig iron has higher carbon content as compared to steel. Pig iron is a major component for the production of steel