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U.S. demand for fabricated metal products to reach $439 billion in 2021

Freedonia Focus Reports, Cleveland, has released the report “Fabricated Metal Products: United States,” which predicts U.S. demand for fabricated metal products will reach $439 billion in 2021. Structural metals, the largest demand segment, are expected to outpace most major segments amid increases in nonresidential and nonbuilding construction.

Competition from metal castings and alternative materials such as plastics and composites will restrain growth in demand for fabricated metal products. For instance, reinforced plastics have taken some market share away from steel and other metals in applications such as motor vehicle parts.

The report segments total demand and shipments into the following categories: structural metals; forging and stamping; machine shops; metal containers; coating and treating; fasteners and hardware; cutlery and hand tools; springs and wires; and other products such as ammunition, bearings, and industrial valves.

For more information, visit www.freedoniafocusreports.com/fabricated-metal-products-united-states-10693835/.