Major players in the tool steel market are Voestalpine High-Performance Metals LLC, Samuel Son & Co, Eramet Group, QiLu Special Steel Co Ltd, Hitachi Metals Ltd. , Hudson Tool Steel Corporation, Swiss Steel Group, NACHI - Fujikoshi Corporation, Universal Stainless & Alloy Products Inc.
New York, Sept. 30, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Tool Steel Global Market Report 2022" - https://www.reportlinker.com/p06323506/?utm_source=GNW , Kennametal Inc., Graphite India Ltd., HEYE Special Steel Co. Ltd, OSG Corporation, Thyssenkrupp Steel Europe AG., and Erasteel. The global tool steel market is expected to grow from $5.05 billion in 2021 to $5.36 billion in 2022 at a compound annual growth rate (CAGR) of 6.2%. The tool steel market is expected to grow to $6.86 billion in 2026 at a compound annual growth rate (CAGR) of 6.4%. The tool steel market consists of sales of tool steel products by entities (organizations, sole traders, and partnerships) that are used to make cutting tools for machining metals. Tool steel is a carbon and alloy steel having distinct characteristics such as wear resistance, hardness, toughness, and resistance to softening at elevated temperatures that is well-suited to producing tools such as hand tools and machine dies. The main types of products covered in the tool steel market include water-hardening, cold-work, shock-resisting, high speed, hot-working, and special purpose.Water-hardening tool steel is also referred to as W-group tool steel and can be easily hardened by heating and quenching in water. The types of materials used in the manufacturing of tool steel include tungsten, chromium, vanadium, and molybdenum. The various end-users of tool steel include general manufacturing, automotive, defense and aerospace, electronics and electrical, shipbuilding, and others. Asia Pacific was the largest region in the tool steel market in 2021, and it is expected to be the fastest-growing region in the forecast period. The regions covered in the tool steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The tool steel market research report is one of a series of new reports that provides tool steel market statistics, including tool steel industry global market size, regional shares, competitors with a tool steel market share, detailed tool steel market segments, market trends and opportunities, and any further data you may need to thrive in the tool steel industry. This tool steel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The growing automotive industry is expected to propel the growth of the tool steel market going forward.Automotive industries refer to companies and organizations involved in the development, design, manufacturing, and marketing of motor vehicles. Tool steel such as stainless steel, high-strength steel, low-carbon, high-carbon, or galvanized steel helps the automotive industry in the production of vehicle and engine components. For instance, according to India Brand Equity Foundation, an Indian government export promotion agency, in January 2022, the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles reached 1.86 million units. Therefore, the growing automotive industry is expected to boost demand for tool steel during the forecast period. Innovative products and technologies are gaining great popularity in the tool steel market.The key players operating in the tool steel market are focusing on developing innovative tools with advanced materials to meet the industry’s demands and expand their business presence. For instance, in June 2019, SIJ Metal Ravne, a Slovenia-based tool steel manufacturer launched SITHERM S140R.This product is made of a steel grade with very high thermal conductivity and good toughness within the normal range of hardness for hot-work applications, which makes it suitable for high-pressure die casting, and hot stamping. Further, in October 2021, Westminster Tool, a US-based tool steel manufacturer running rigorous DOE on 3D-printed tool steels offered a hybrid 3D printing platform that allows mould makers to create high-tolerance metal components faster, cheaper, and with less secondary finishing. In June, 2020, Sandvik, a Sweden-based company specializing in metal cutting, stainless and special steel alloys, acquired Miranda Tools for an undisclosed amount.The acquisition is expected to enhance Dormer Pramet’s product offering and facilitate its position in important areas such as India, China, and Southeast Asia. Miranda Tools, based in India, manufactures a variety of round tools made of high-speed steel and solid carbide. The countries covered in the tool steel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. Read the full report: https://www.reportlinker.com/p06323506/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
I think hell may have frozen over, given the little-reported news from Cracker Barrel. Let's look at this deal, and see how hot it gets in the kitchen.
Yahoo Finance Live examines Carnival Cruise's stock after its latest earnings miss signifies a much longer path to profitability than expected.
The bear market in software stocks has already lasted far longer than the typical decline, according to MoffettNathanson,
Inflation, interest rates, and recession – these are the bogeymen of investing, and they’ve been watching over our shoulders for the past several months. We all know the story by now, the rate of inflation is running at generational highs, the Federal Reserve is hiking rates in an attempt to push back against high prices, and that’s likely to tip the economy into recession. At a time like this, investors are showing a growing interest in finding strong defensive portfolio moves. It’s a mindset t
Semiconductor stocks have tumbled in recent months amid flagging demand, with the S&P Semiconductors Select Industry Index dropping 36% year to date. Bank of America analysts recently discussed their favorite choices in the sector.
September is living up to its reputation as an ugly month for stocks. Here's what the data says about October performance.
Leaving these accounts open could tarnish your golden years.
Yahoo Finance Live's Seana Smith looks at several stocks trending in the after-hours trading session.
Billionaire investor Stanley Druckenmiller sees a “hard landing” by the end of 2023 as the Federal Reserve’s aggressive monetary tightening will tip the U.S. economy into recession.
The Dow Jones is at bear market lows. Tesla showed off the Optimus robot at AI Day. Tesla deliveries are on tap, with China EV rival Li Auto topping forecasts.
Shares of Annaly Capital Management (NYSE: NLY) were among the losers this week as rising mortgage rates threatened to squeeze the mortgage REIT, and one analyst expressed caution on the stock. The company also executed a reverse stock split at the beginning of the week. Since the rate hike, which came with hawkish commentary from Fed Chair Jerome Powell, investors seem to believe the risk of a recession has grown, as well as the likelihood of a sustained high-interest-rate environment.
Yahoo Finance Live anchors discuss stock performance for cruise lines.
These two energy stocks largely avoid the ups and downs of oil prices, while this other one is tied directly to those gyrations.
The stock market desperately wants to put in a low. The Federal Reserve won’t let it. On the one hand, U.S. economic data remains strong, as jobless claims fell below 200,000 for the first time since May, a sign that the Fed will have to keep raising interest rates to slow down inflation.
(Bloomberg) -- Unwavering profit projections. Benign chart patterns. Big hedges in the options market. Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoMarjorie Taylor Greene’s Husband Files for Divorce After 27 YearsMeta to Cut Headcount for First Time, Slash Budgets Across TeamsPutin Says Annexation Is Forever, Defends Ukraine Land GrabAll the things that bulls expected to put a brake
David “Sandy” Gottesman, a Berkshire Hathaway board member, billionaire and longtime friend of Warren Buffett, died Wednesday at 96. In 1964, Gottesman founded the New York investment firm First Manhattan, which announced his death on its website. Gottesman befriended Buffett around the time that Buffett took control of Berkshire (ticker: BRK.A) in 1965 and was an early investor in the company when its stock sold for a tiny fraction of its current price.
Some of the biggest telecommunications stocks just posted their steepest quarterly declines in two decades amid pressures new and old on the cable and wireless industries.