Hi, I'm wondering how to do a market estimation on US steel market.
I'm thinking whether it's possible to assume that steel is used to build buildings.
And then I will do an estimation of the total buildings built per year and the average
steel needed to build a building.
Would there be a better way to get a more accurate figure?
Hi buddy,
Estimation cases can be solved with 2 approaches:
1. Demand side: as was suggested
2. Supply side: not really feasible in this case as the steel supply is hardly constrained (it is a commodity and can be purchased from other countries)
You should categorize what steel is used for, e.g. buildings & infrastructure, cars, transport sector, appliances for home (metal, electric equipment etc.)
Then calculate one sector, how big is it in reference to the whole market (in %) and extrapolate to 100 % for the whole steel market.
