Global Flat Steel Market, By Product Type (Slabs, Hot-Rolled Coil, Cold-Rolled Coil, Sheets and Strips, Tinplate, Coated Steel, Others), Process (Basic Oxygen Furnace, Electric Arc Furnace), Material (Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel), End Use Sector (Building and Infrastructure, Mechanical Equipment, Automotive and Other Transport, Consumer Goods and Appliances, Oil and Gas, Energy, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Flat Steel Market
Flat steel market will reach an estimated valuation of USD 761.87 billion by 2028, while registering this growth at a rate of 5.90% for the forecast period of 2021 to 2028. Flat steel market report analyses the growth, which is currently being growing due to the rapid urbanization across the globe.
Flat steel, including ingots or billets, and slabs, is rolled from a semi-furnished material. It is widely used in the robust, white goods, manufacturing and automotive industries for consumer use. Different factories use flat steel, such as light bar industries, cable trays, truck trailers, automotive industries, railways, tippers, grating manufacturers, and other engineering industries. Flat steel improves the end product efficiency, ductility, durability, reliability, consistency, along with reducing waste and reworking the manufacturing process. In addition, it allows maximised yield, trouble-free production, increases the shelf life of the commodity and improves the overall performance of the final product.
Surging levels of investment for the development of improved infrastructure, increasing demand of the product due to durability, low maintenance, long shelf life, high strength, and reusability properties, increasing number of population across the globe along with rapid industrialization, rising growth of the construction industry, rising usages of the product in the manufacturing of automobile structure, panels, doors, engine blocks, gears, suspension, wheels, fuel tanks, steering, and braking systems are some of the major as well as vital factors which will likely to augment the growth of the flat steel market in the projected timeframe of 2021-2028. On the other hand, relaxed credit policy in emerging economies along with high recyclability of steel scrap which will further contribute by generating massive opportunities that will lead to the growth of the flat steel market in the above mentioned projected timeframe.
Volatility in the prices of raw material along with high fixed cost of blast furnace production process which will likely to act as market restraints factor for the growth of the flat steel in the above mentioned projected timeframe. Increasing demand for bio-based products and changes in technologies which will become the biggest and foremost challenge for the growth of the market.
This flat steel market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on flat steel market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Flat Steel Market Scope and Market Size
Flat steel market is segmented on the basis of product type, material, process and end use sector. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the flat steel market is segmented into slabs, hot-rolled coil, cold-rolled coil, sheets and strips, tinplate, coated steel, and others.
- Based on material, the flat steel market is segmented into carbon steel, alloy steel, stainless steel, and tool steel.
- On the basis of process, the flat steel market is segmented into basic oxygen furnace, and electric arc furnace.
- Based on end use sector, the flat steel market is segmented into building and infrastructure, mechanical equipment, automotive and other transport, consumer goods and appliances, oil and gas, energy, and others.
Flat Steel Market Country Level Analysis
Flat steel market is analysed and market size, volume information is provided by country, product type, process, material and end use sector as referenced above.
The countries covered in the flat steel market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the flat steel market due to the increasing growth of the construction industry in the region. Asia-Pacific region is expected to hold the largest growth rate due to the rising demand from the large population in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Flat Steel Market Share Analysis
Flat steel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to flat steel market.
The major players covered in the flat steel market report are ArcelorMittal; NIPPON STEEL CORPORATION.; United States Steel Corporation.; Tata Steel; POSCO; China BaoWu Steel Group Corporation Limited; SHAGANG GROUP Inc.; Shougang Yili Steel Co., Ltd.; China Ansteel Group Corporation Limited; SSAB group; JFE Steel Corporation.; BlueScope Steel Limited; HBIS GROUP; thyssenkrupp Steel Europe; voestalpine Stahl GmbH; SAIL; Nucor Corporation; ChinaSteel; METINVEST; Severstal; JSW; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-
