Steel & Design
The global market for steel sheet production will reach a 496-billion-dollar valuation by 2031. Some of the most influential factors for the predicted increase in valuation are the rise in oil and gas infrastructure investments and the increment in demand in the automotive, industrial, aerospace & military sectors.
Considering the sustainability issues affecting the world today, the reduction of pollution and wasteful strategies is ever more pressing, this is also the case for the sector here presented.
New regulations aimed at reducing emissions, for example, prompt car manufacturers to find lighter parts. For these purposes, steel is one of the best materials available. Europe, which is adopting the 4.0 industry model, is pioneering the deployment of innovative and sustainable technologies in all sectors including the steel and iron industry.