Global Flat Steel Market is expected to reach $787.17 billion by 2027 growing at a CAGR 7.5% during 2018 to 2027.

Jun 5, 2020

Some of the key players in Flat Steel Market include Arcelormittal, United States Steel Corporation, Nippon Steel & Sumitomo Metal Corporation, Tata Steel, China Baowu Steel Group Corporation Limited, and Hebei Puyong Steel Group.

Gaithersburg, Maryland, United States - June 6, 2020 /MarketersMedia/ —

Some of the key factors such as growing industrialization and infrastructure investment in emerging markets and increasing urban population are driving the market growth of the market. However, unpredictable worth of raw materials is the restraining factors for the growth of the market.

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Flat steel is a type of steel which is rolled from steel slabs and is used in the manufacture of plates, sheets, structural beams and tiles. These goods are broadly served in building & infrastructure, transportation and electrical application industries owing to their exclusive properties. Flat steel products help get better the anti-corrosion properties of steel & enhance the excellence, ductility and consistency of the completed product.

By type, sheets segment is likely to have a huge demand in the forecast period. The growth is mainly attributed by its mounting applications in the home appliances, packaging, and electronics industries. They are broadly used in the built-up of door & window hoods, wall ornaments, dry batteries, steel drums, steel furniture, downspouts, automobiles, gutters, and roof ornaments, along with others.

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On the basis of geography, Asia Pacific is estimated to have a lucrative growth due to China is one of the main clients of flat steel in the Asia Pacific region. The market at this time is witnessing development due to the rising demand for flat steel and a rise in the number of end-use sectors in rising economy such as India.

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Processes Covered:
• Electric Arc Furnace (EAF)
• Basic Oxygen Furnace (BOF)
• Blast Furnace (BF)

Types Covered:
• Plates
• Sheets
• Strips
• Bars
• Foils
• Slabs
• Tinplate

Materials Covered:
• Tool Steel
• Carbon Steel
• Alloy Steel
• Stainless Steel
• Mild steel
• Coated Steel

End Users Covered:
• Mechanical Equipment
• Building & Construction
• Gas Containers
• Automotive & Transportation
• Infrastructure & Energy
• Heavy Machinery
• Agricultural Equipment
• Electronics
• Energy
• Consumer Goods & Appliances
• Oil & Gas
• Shipbuilding
• Pipes
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Source URL: https://marketersmedia.com/global-flat-steel-market-is-expected-to-reach-78717-billion-by-2027-growing-at-a-cagr-75-during-2018-to-2027/88961352

Source: MarketersMedia

Release ID: 88961352

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