Report Code: A07554 | Nov 2023 | Pages: NA | ||
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Request Now !Flat steel is available in the market in the form of rolls, sheets, plates, strips, and structural beams, which are extensively used in building & infrastructure, transportation, electrical appliances, construction, energy, industrial machinery, and packaging industries. Flat steel exhibits features such as anti-corrosion, ductility & reliability, versatility, and recyclability, which help improving environmental performance of buildings. Rapid industrialization and wide spread of applications of flat steel have significantly contributed toward the growth of the global flat steel market. However, raw material procurement risk and fluctuations in prices of other materials hinder the growth of the market.Â
Presently, flat steel sheets and strips are used in construction of residential and commercial buildings, owing to properties such as weightlessness, enhanced safety, prolonged durability, and stability. Mergers, joint ventures, and acquisitions are the key strategies adopted by the giants operating in the global market to strengthen their foothold in the competitive market.
The use of flat steel has allowed automobile manufacturers to reach the expected levels of power and protection of their vehicles at much lower cost.Â
Flat steel exhibits features such as cryogenic rigidity, high thermal power, superior corrosion resistance, enhanced sensitivity, and improved strength & toughness. Owing to such properties, the adoption of flat steel is expected to increase significantly in the automotive sector, thereby boosting the growth of the global market.
However, volatility in prices of raw materials needed for the production of flat iron is anticipated to hamper the market growth. In addition, increase in demand for bio-based products is likely to hinder the growth of the market.
The for flat iron is projected to grow rapidly, due to availability of raw materials, human capital, and rapid technological development in regions such as Asia-Pacific, North America, and Europe. Latin America is witnessing high growth rate due to technological advancements.
The major key players analyzed in the report include ArcelorMittal (Luxembourg), Nippon Steel & Sumitomo Metal Corporation (Japan), Tata Steel (India), POSCO (South Korea), China Baowu Steel Group Corporation Limited (China), Shougang Group Co., Ltd., (China), SSAB AB (Sweden), JFE Steel Corporation (Japan), HBIS Group (China), ThyssenKrupp AG (Germany), and Voestalpine Group (Austria).
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Flat Steel Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | HBIS Group (China), POSCO (South Korea), Nippon Steel & Sumitomo Metal Corporation (Japan), Shougang Group Co., Ltd., (China), JFE Steel Corporation (Japan), ThyssenKrupp AG (Germany), Tata Steel (India), ArcelorMittal (Luxembourg), SSAB AB (Sweden), Voestalpine Group (Austria), China Baowu Steel Group Corporation Limited (China) |
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