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Global Steel Long Products Market Outlook Report 2019-2027 - ResearchAndMarkets.com
December 28, 2020 GMT
DUBLIN (BUSINESS WIRE) Dec 28, 2020
Global Steel Long Products market accounted for $469.80 billion in 2019 and is expected to reach $844.13 billion by 2027 growing at a CAGR of 7.6% during the forecast period.
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Some of the key factors propelling the market growth include Replacement of structurally deficient infrastructure, expansion of the construction industry, and increasing demand for renewable energy sources. However, complexity in regulation for steel manufacturing plants is a restraining factor for the steel long products market.
Synopsis
Arrival’s approach got backing from companies including Hyundai Motor Co. and BlackRock Inc. earlier this year, while United Parcel Service Inc. agreed to buy the first 10,000 vans equipped with advanced driver-assistance systems.
Arrival’s approach got backing from companies including Hyundai Motor Co. and BlackRock Inc., while United Parcel Service Inc. agreed to buy the first 10,000 vans equipped with advanced driver-assistance systems. (Pic: Arrival/Facebook)
Russian-born entrepreneur Denis Sverdlov wants to revolutionize automaking, replacing Henry Ford’s century-old conveyor-belt assembly lines with tiny factories that cost far less.
While most of the industry aims for big sales numbers that will keep huge plants busy, his Arrival Ltd., which will start producing electric buses and vans next year, is betting that doing just the opposite will help reduce production costs. Its microfactories need about $50 million in investment, compared with $1 billion for con
Tycoon aims to reshape carmaking one microplant at a time
Ilya Khrennikov, Alex Sazonov and David Welch
Bloomberg
Russian-born entrepreneur Denis Sverdlov wants to revolutionize automaking, replacing Henry Ford’s century-old conveyor-belt assembly lines with tiny factories that cost far less.
While most of the industry aims for big sales numbers that will keep huge plants busy, his Arrival Ltd., which will start producing electric buses and vans next year, is betting that doing just the opposite will help reduce production costs. Its microfactories need about $50 million in investment, compared with $1 billion for conventional ones, and 10 of of them could make as many vehicles as a traditional outlet for half the capital expenditures and in a 10th of the space, it says.