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Steel Industry Growth Surpasses Projections
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Overview
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The global steel processing industry is set to surpass $750 billion by 2029, driven by urbanization and industrial growth. Challenges include raw material price volatility and global competition, while innovation in automation and sustainability are key focuses. Carbon steel and long steel shapes are expected to lead growth, with Asia-Pacific showing the fastest expansion.
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How might advancements in automation and digitalization reshape the steel processing landscape?
In what ways could the rapid growth of the steel processing market impact other related industries and global trade?
What strategies can companies adopt to navigate raw material price volatility and global competition?
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