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An electric arc furnace is a high-temperature furnace that uses high-voltage electric arcs to make steel. Electric arc furnaces are a feature of the minimills that recycle iron and steel scrap into new steel products. Arc furnaces range in size from small units of approximately one ton capacity (used in foundries for producing cast iron products) up to about 400 ton units used for secondary steelmaking. The Electric Arc Furnaces market covers AC-EAF, DC-EAF, etc. The typical players include Danieli, SMS, Electrotherm, TENOVA, etc.

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An electric arc furnace is a high-temperature furnace that uses high-voltage electric arcs to make steel. Electric arc furnaces are a feature of the minimills that recycle iron and steel scrap into new steel products. Arc furnaces range in size from small units of approximately one ton capacity (used in foundries for producing cast iron products) up to about 400 ton units used for secondary steelmaking. The Electric Arc Furnaces market covers AC-EAF, DC-EAF, etc. The typical players include Danieli, SMS, Electrotherm, TENOVA, etc.

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The global DC Electric Arc Furnaces market size is expected to reach $ 293.5 million by 2030, rising at a market growth of 12.7% CAGR during the forecast period (2024-2030).

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According to our (Global Info Research) latest study, the global DC Electric Arc Furnaces market size was valued at USD 126.9 million in 2023 and is forecast to a readjusted size of USD 293.5 million by 2030 with a CAGR of 12.7% during review period.

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The global Metal Smelting Electric Arc Furnaces market size is expected to reach $ million by 2030, rising at a market growth of % CAGR during the forecast period (2024-2030).

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According to our (Global Info Research) latest study, the global Metal Smelting Electric Arc Furnaces market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

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According to our (Global Info Research) latest study, the global Industrial Electric Arc Furnaces (EAC) market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

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According to our (Global Info Research) latest study, the global Electric Arc Furnaces Transformers (EAF) market size was valued at USD 911.6 million in 2023 and is forecast to a readjusted size of USD 1256.4 million by 2030 with a CAGR of 4.7% during review period.

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The global Graphite Electrode for Electric Arc Furnaces market size is expected to reach $ 9732.5 million by 2030, rising at a market growth of 6.7% CAGR during the forecast period (2024-2030).

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According to our (Global Info Research) latest study, the global Graphite Electrode for Electric Arc Furnaces market size was valued at USD 6193.3 million in 2023 and is forecast to a readjusted size of USD 9732.5 million by 2030 with a CAGR of 6.7% during review period.

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