Imbalance between demand and supply resulting in gap: Less capacity utilization ratio.With steel supply overtaking demand, the capacity utilization ratio has declined to~65% in 2015 from 71% in 2014. Over the past decade, the steel industry has been investing in capacity expansion at a rapid pace because of reasons such as the availability of relatively attractive interest rates for new investments, low production costs, and an open international market.Declining price across streams: Hits profit margins.The iron ore prices declined by almost 69% from January 2014 ($128 per metric ton) to December 2015 ($39 per metric ton). Ferrochrome prices were $1 per pound in January 2015 and reached $0.81 per pound by the end of the year. Thus,the decline in raw material prices has led to a decline in stainless steel prices.Turkey: A bright spot.The Turkish stainless steel market been outperforming other major markets since 2000. The demand increased by 135,000 metric tons in five years (2000-2005) and by 220,000 metric tons in ten years (2005-2015), reaching 450,000 tons in 2015.Turkey grew at a CAGR of about 10% from 2005-2015.In this report, Technavio covers the present scenario and growth prospects of the global stainless steel market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market.

PART 01: Executive summary 7

Highlights 7

PART 02: Scope of the report 8

Market overview 8

PART 03: Market research methodology 12

Research methodology 12

Economic indicators 12

PART 04: Introduction 13

Key market highlights 13

Overview 13

Global steel market outlook 14

Value chain 17

PART 05: Market landscape 18

Global stainless steel market 18

Five forces analysis 21

PART 06: Market segmentation by product form 22

PART 07: Market segmentation by end-user 23

Global stainless steel market for metal products 24

Global stainless steel market for mechanical engineering 25

Global stainless steel market for automobile and transportation 26

Global stainless steel market for infrastructure and construction 29

Global stainless steel market for electrical engineering 32

PART 08: Geographical segmentation 33

Stainless steel market in APAC 34

Stainless steel market in Americas 36

Stainless steel market in Europe 37

PART 09: Market drivers 39

Difficult extraction environment requires more corrosion prevention 39

Turkey: A bright spot 39

Demand from China 40

PART 10: Impact of drivers 41

PART 11: Market challenges 42

Declining ferrochrome prices 42

Declining steel capacity utilization ratio 42

Sluggish steel demand 43

PART 12: Impact of drivers and challenges 45

PART 13: Market trends 46

Rationalization of capacity 46

Declining iron ore price: Demand factor for scrap 46

Pre-engineered buildings: A new wave in the market 47

PART 14: Vendor landscape 49

Competitive scenario 49

 Other prominent vendors 49

PART 15: Key vendor analysis 52

Acerinox 52

AK Steel 56

Aperam 58

Outokumpu 61

POSCO 64

PART 16: Appendix 68

List of abbreviations 68

PART 17: Explore Technavio 69