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The global flat steel market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Flat steel refers to a thin sheet of steel rolled from semi-finished rectangular steel slabs, ingots and billets. Some of the commonly used flat steel products include heavy plates, hot-rolled sheets, billets, blooms, bars, wire rods, cold-rolled sheets, slabs and coated steel. They are extensively used for the manufacturing of electrical cable trays, truck trailers, consumer durables, structural beams and strips. Flat steel enhances the anti-corrosion properties, ductility, design flexibility, durability, quality and strength of the product and improves its overall shelf life. It is also energy-efficient, eco-friendly and cost-effective in nature. As a result, it finds extensive applications across various industries, including automotive, construction, manufacturing and packaging.
Significant growth in the construction and automotive industries across the globe is one of the key factors creating a positive outlook for the market. With the increasing demand for residential and commercial constructions, there is a rising utilization of flat steel in low- and high-rise buildings, sports stadiums, bridge deck plates, harbors, cladding and roofing, security fencing and coastal and flood defense systems. Moreover, the widespread adoption of flat steel in the production of automobile structures, panels, doors, engine blocks, gears, suspensions, wheels, fuel tanks, steering and braking systems is providing a thrust to the market growth. Automobile manufacturers are extensively using flat and advanced high strength steel (AHSS) to reduce the overall weight of the vehicle and improve fuel efficiency. In line with this, the utilization of recycled steel scrap is also contributing to the growth of the market. Other factors, including extensive infrastructural developments, especially in the developing economies, along with the implementation of favorable government policies, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global flat steel market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on product, material and application.
Breakup by Product:
Breakup by Material:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allegheny Technologies Incorporated, Arcelormittal, China Steel Corporation, Hyundai Steel Co. Ltd, JFE Steel Corporation, Nippon Steel Corporation, POSCO, SSAB AB, Tata Steel Limited, thyssenkrupp AG, United States Steel Corporation and voestalpine Stahl GmbH.
|Base Year of the Analysis||2020|
|Segment Coverage||Product, Material, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Allegheny Technologies Incorporated, Arcelormittal, China Steel Corporation, Hyundai Steel Co. Ltd, JFE Steel Corporation, Nippon Steel Corporation, POSCO, SSAB AB, Tata Steel Limited, thyssenkrupp AG, United States Steel Corporation and voestalpine Stahl GmbH.|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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