The metal and mineral manufacturing industry comprises of organizations engaged in refining, smelting ferrous and nonferrous metals from ore, pig or scrap, using electrometallurgical techniques. This industry also includes the production of metal alloys, super alloys and minerals.
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The market is valued at over $8.8 trillion in 2017. This can be attributed to technological advances and new product developments at competitive prices driving the metal and mineral manufacturing market.
The metal and mineral manufacturing market is segmented into three segments, namely metal manufacturing, mineral products and metal products. While the first segment accounts for nearly half of the market share, the remaining share is attributed to the other two segments.
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China was the largest country in the metal and mineral manufacturing market in 2017, accounting for nearly one-third of the market share. This can be attributed to the large automobile and telecom manufacturing market in the country. China was followed by the USA and Japan as the next largest countries in the market.
Arcelor Mittal was the largest company in the metal and mineral manufacturing market, followed by POSCO, Nippon Steel and Sumitomo Metal, Ltd. ArcelorMittal is a steel and mining company. It produces flat steel products, including sheet and plate, and long steel products, including bars, rods, pipes and tubes for various applications. The company also produces a range of mining products, including iron ore lump, fines, concentrate and sinter feed, as well as coking, pulverized coal injection (PCI) and thermal coal.
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