Electric Arc Furnace Market Outlook 2025–2033: Drivers, Opportunities & Forecast
The global electric arc furnace market size was estimated at USD 3,616.8 million in 2024 and is projected to reach USD 5,726.0 million by 2033, growing at a CAGR of 5.4% from 2025 to 2033. The market growth is primarily driven by the increasing demand for steel across key industries such as construction, automotive, and manufacturing, where high-quality and cost-effective steel...
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