The global flat steel market is expected to witness significant growth, during the forecast period. The global market for flat steel is being driven by wide spread industrial application of steel, rapid industrialization in Asia-Pacific and extensive application of steel in the construction industry. The major industrial applications of flat steel include construction, infrastructure, automotive, transportation, energy, industrial machinery, packaging and others.
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The flat steel market has been capitalizing on the growing construction and infrastructure industry that helps in reducing the maintenance cost of building structure, which in-turn, helps in making construction more economical.
The flat steel market has been capitalizing on the growing construction and infrastructure industry that helps in reducing the maintenance cost of building structure, which in-turn, helps in making construction more economical.
In 2015, Asia-Pacific was the fastest growing region in the global flat steel market. The region is expected to witness the fastest growth, during the forecast period, due to rise in demand for flat steel, fast-paced industrialization and increasing infrastructural development.
In the automotive and transport industry, flat steel products are used to lower the weight of the vehicle and also offer optimum strength and fuel efficiency. The energy industry including nuclear, wind, oil and gas, solar and electric power requires steel for infrastructure development, which is expected to boost the global flat steel market.
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Some of the key players in the global flat steel market include Arcelormittal, Essar Steel, POSCO, Thyssenkrupp AG, Tata Steels Limited, Nippon Steel & Sumitomo Metal Corporation (NSSMC), Hyundai Steel Co., Ltd, United States Steel Corporation, JFE Steel Corporation, China Steel Corporation, GERDAU S.A., SSAB, Steel Authority of India Limited (SAIL) and CITIC Limited.
Global Flat Steel Market Segmentation
By End-Use
- Construction and infrastructure
- Automotive and transportation
- Energy
- Industrial machinery
- Packaging
- Others
- North America
- The U.S.
- Canada
- Rest of North America
- Europe
- The U.K.
- Italy
- Spain
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Taiwan
- South Korea
- Rest of APAC
- South America
- Brazil
- Argentina
- Rest of South America
- Rest of the World
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