Iron and steel slag, also referred to as ferrous slag, are created by adding calcareous (or dolomite), silica sand, and lime to blast furnaces to remove contaminants from iron ore, and other ferrous feed resources and to reduce the heat conditions of iron and steel processing. Iron and steel slag is a by-product in the method of steelmaking. It comprises of multiple abrasive particles during the smelting and refining by oxidizing contaminants, such as silicon, phosphorus, manganese, and sulfur in portland cement, and salts produced by the solvent reaction of these oxides.
In the construction industry, demand for iron and steel slag has risen primarily due to the high in demand for granulated crushed slag, to acquire concrete when combined with portland cement. As well the increase for the construction sector is huge with population expansion. The increase in demand for slag as cement will ultimately lead to better building expenditure on building projects and on the achievement of the industry’s strategies to encourage slag as a construction material and, in turn, will boost the market growth.
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However, the industry is in fact highly competitive with global companies catering to the foreign market and smaller players catering to regional demand. However, the presence of vast numbers of suppliers around the regions would likely hinder the entrance of new entrants into the industry.
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Global Iron and Steel Slag Market Top Manufacturers:-
- Steel Authority of India Limited,
- Nippon Steel & Sumitomo Metal Corporation,
- C. Levy CO., Stein, Inc.,
- JFE Steel Corporation,
- Arcelor Mittal, TATA Steel,
- NLMK, Harsco Corporation,
- TMS International,
- and JSW Steel.
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The Iron and Steel Slag Market Industry report offers an in-depth evaluation of the chemical industry and the demand drivers for chemicals by highlighting information on several aspects of the market, including drivers, trends, opportunities, and challenges. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.
These advancements will help companies to gain decisive advantage in the competitive landscape of the market. Companies are also adopting diverse strategies to stay ahead of their competitors. These strategies include: mergers and acquisitions, partnerships, collaborations, and new product developments, among others.
By Geography Analysis:-
- North America (U.S., and Canada)
- Europe (UK, Germany, Russia, Italy, France, and Rest of Europe)
- Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)
- Latin America (Mexico, Brazil, and Rest of Latin America)
- Middle East & Africa (UAE, South Africa, and Rest of Middle East & Africa)
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Segmentation of Iron and Steel Slag Market:-
Based on process, the market for global iron and steel slag is further segmented into blast furnace slag, granulated blast furnace slag, air cooled blast furnace slag, steelmaking slag, converter slag, electric arc furnace slag. Based on application, the market for global iron and steel slag is further segmented into building/construction, railways, fertilizers, metallurgical, others.From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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