Vega Metal Structures and Concrete: Quality

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The structural steel market is on a robust growth trajectory. In 2023, it was valued at $103.6 billion and is anticipated to reach $143.0 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.7%. This expansion is driven by escalating demand in construction, infrastructure development, and industrial applications.Similarly, the steel structure market is experiencing significant growth, projected to increase from $118.15 billion in 2024 to $124.72 billion in 2025, marking a CAGR of 5.6%. This surge is attributed to the rising preference for durable and sustainable building materialsThe industry faces challenges such as raw material price volatility, geopolitical tensions, and trade policies impacting supply chains. For instance, the reintroduction of steel tariffs by the U.S. has raised concerns about increased costs and potential order cancellations among businesses.

For more information, visit globalsteelconstruction.

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