Brief about Company
Our main goal is to implement a project to produce reinforcement with a capacity of 1 million tons per year and production of steel pipes and profiles with capacity 400.000 tons per year in the State of Delaware USA. To this end, we opened a new Corporation in USA, State of Delaware, Wilmington city. After starting production we planning to produce high quality in US and involve partners.
THE ROLLING MILL FOR 1.000.000 TONS PER YEAR OF WIRE ROD, REBARS AND SECTIONS:
It should be noted that our main business is in Tajikistan and we cooperate our business activity with JSC Arselor Mittal Kazakhstan, DANIELI, Italy, LDM, Italy, Tangshan Iron and Steel Group, Tangshan Jiujiang Iron and Steel Group etc.
According to the results of US market research and proceeding from demand, we intend expending or developing our business in US in the domestic market of USA (approximately 80%). Besides we plan to increse manufactured products on the external market (approximately 20%).
The US remains one of the main consumers and will continue to control a large share of the world market, given the increase in spending on infrastructure projects. In particular, since 2021, the American government implemented investment projects focused on strengthening the economy, as well as rebuilding public infrastructure. The funds went to railways, bridges, communications, ports and roads. Initiatives to reorganize the infrastructure in the United States have given a powerful boost to the production of rebar in the country.
The segment of the market for new products will be virtually all industries, especially for automotive sectors, transport infrastructure and industrial parks of USA. Moreover, due to the increase in nonresidential construction in the United States, the consumption of steel reinforcement in the country is expected to increase. In addition, various commercial construction projects are planned in the United States. This suggests that US potential for reinforcement consumption is very high. The structure of the market shows that USA consumes a large number of reinforcements, most of which are produced in USA. The tools of the marketing policy of the plant (channels) in the country are trade agreements, dealer’s offices, and private entrepreneurs. The company has a department of foreign economic relations.
THE PRODUCTION OF STEEL PIPES AND PROFILES WITH A CAPACITY 400.000 TONS PER YEAR
Somon Steel Corporation engaged in the production of steel pipes and profiles with a capacity 400.000 ton per year, on the basis of which it is planned to create a metallurgical plant for the production of steel pipe and profile, where financial resources are being invested.
Our main goal is to implement a project to produce steel pipes and profiles with a capacity of 400 tons per year in USA. To this end, we intend to open a new legal entity in USA, Newark, State of Delaware.
It should be noted that our main business is in Tajikistan and we cooperate our business activity with JSC Arselor Mittal Kazakhstan, DANIELI, Italy, LDM, Italy, Tangshan Iron and Steel Group, Tangshan Jiujiang Iron and Steel Group etc.
It should be noted that US pipe market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.1% in the forecast period of 2022 to 2029 and expected to reach USD 34,854.81 million by 2029.
Growing investments in infrastructures and construction activities is driving the market growth. Increasing usages of pipe for both domestic and commercial applications is acting as a potential market driver for the market. Also, rising renovations and remodelling activities, increasing the sales and profit of the players operating in the market.
The major restraint impacting the pipe market is the increasing environmental concerns on disposable pipes. Further, fluctuation in raw material prices will also restraint the market growth. The opportunities for the pipe are the technological advancements for manufacturing of best quality of pipe. Some of the significant drivers associated with the North America pipe market are the introduction novel technology-based pipe products.
This pipe market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.