and price drop. This, in turn, is impacting the pyroxenite market as well. In terms of consumption of pyroxenite, China dominates the pyroxenite market in Asia Pacific, due to the rise in consumption of steel, particularly in the construction industry in the country.
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Furthermore, rising investments in the infrastructure and decreased dependence on industrial imports are factors fueling the pyroxenite demand in China. The demand for pyroxenite in the U. S., Germany, and France is also likely to increase in the next few years, due to rising demand for steel in automotive, pipelines, machinery & equipment, and motor industries in these countries. Steel manufacturers in developing economies in Latin America and Middle East & Africa are entering into partnerships to develop good-quality steel products that would meet the specific needs of different industrial applications.
Major players operating in the global pyroxenite market are Tata Steel, Bharat Mining Company, Foskor( Pty) Ltd., and Vale SA.
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