The global structural steel market size is expected to reach USD 119.10 billion, according to a new study by Grand View Research, Inc. Shift in preference towards ease of installation and faster completion of projects is expected to drive structural steel demand for residential and non-residential applications. Design flexibility and high ROI on constructing pre-engineered buildings (PEB) are other major factors expected to significantly influence the demand. Growing manufacturing facilities such as chemicals, automobiles and footwear in Asia Pacific and Middle East is also expected to develop the global market. Volatile raw material prices such as coking coal and iron ore are expected to challenge industry growth.
http://www.grandviewresearch.com/industry-analysis/structural-steel-market
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