Global Structural Steel Market is estimated to be US$ 174.8 billion by 2030 with a CAGR of 5.30% dur

Abhi795420 May, 2022Business

The Global Residential Structural Steel Market accounted for US$ 104.7 billion 2020 and is estimated to be US$ 174.8 billion by 2030 and is anticipated to register a CAGR of 5.30%. Structural steel is a type of steel that is used to make construction materials in a range of shapes. Various types of structural steel are employed, including I-beam, hollow structural section (HSS) shape, Z-shape, angle (L-shape), and T-shaped. Buildings, bridges, ships, and pipelines all employ structural steels, which are fabricated in section and plate shapes. Carbon-manganese steels, high-strength low-alloy steels, and high-strength tempered and quenched alloy steels are the three types of structural steel. Raw iron is commonly used in the production of structural steel, which has a wide range of qualities including high strength, toughness, stiffness, and ductility.