Flat Steel Prices Market- Growth, Trends, Covid-19 Impact, And Forecasts (2021 - 2027)
Flat steel includes sheet, coils or other
flat-rolled steel product. Market Research Future (MRFR) has published a
research report about the global flat steel market that anticipates an increase
in the market with 6% CAGR (Compound Annual Growth Rate) for this market
between 2014 and 2022. Analyzing the market structure, this report offers
insights into factors affecting the market growth. Providing the historical and
forecast revenue, it evaluates market size. Profiling the key players in the
market, this report covers and observes their competitive developments that
include joint ventures, mergers and acquisitions, new product developments,
research and developments (R & D), and strategic alliances.
The key factors driving the growth of this market
include the growth of construction & infrastructure sector and the growing
need for lightweight automobiles on a global level. However, the volatile the
prices of raw materials are likely to pose as a hindrance to the growth of this
market. The global flat steel market has been segmented on the basis of end
users, product types, and the region.
On the basis of end-users, this market has been
segmented into automobiles, construction & infrastructure, transport, and
others. In developed countries, flat steel products are always in demand in the
automobile sector. Due to the design flexibility, high strength, and increased
durability, flat steel is used in the building & infrastructure sector. It
also reduces the maintenance costs. In the energy sector, flat steel is used
for building infrastructure. By the product types, the market has been
segmented into a coated sheet; cold rolled sheet, hot rolled sheet, and plates.
Flat steel products like coated steel products, cold-rolled coil, heavy plate,
hot-rolled coil, slabs, and tinplate are used in construction.
The regional segmentation of the global Flat Steel Prices Market has segmented the market into regional markets namely
North America, Europe, Asia Pacific, and the rest of the world (RoW). Asia
Pacific region is the biggest market for flat steel, followed by Europe. In
countries like China, India, and Japan, the construction & infrastructure
sectors are growing rapidly, thus creating a strong market for flat steel.
After these three countries, South Korea is the biggest market in this region.
During the forecast period, this market is expected to grow at the highest
rate.
In Europe and North America, many key players of
this market are based in. In North America, maximum industrialization is in the
United States of America (USA). In Europe, strong economies and market for flat
steel (due to the presence of key players in this region) include Austria,
Germany, France, Luxembourg, Sweden, and the United Kingdom (UK). The
automobile sector is growing in both regions. Therefore, the flat steel market
is steadily growing in these regions.
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https://www.marketresearchfuture.com/reports/flat-steel-market-1885
Key Players
The key players in the global flat steel prices
market include ArcelorMittal (Luxembourg), Essar Steel (India), Hyundai Steel
Co. (South Korea), Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO
(South Korea), SSAB (Sweden), Tata Steel Ltd (India), ThyssenKrupp (Germany),
United Steel Corporation (USA), and Voestalpine (Austria).
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