HOME Top Market Reports Flat Steel Market by Type (Sheets & Strips, Plates), End User (Building & Infrastructure, Automotive & Other Transport, Mechanical Equipment), and Region (Asia-Pacific, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2026

Flat Steel Market by Type (Sheets & Strips, Plates), End User (Building & Infrastructure, Automotive & Other Transport, Mechanical Equipment), and Region (Asia-Pacific, Europe, North America, Middle East & Africa, South America) - Global Forecast to 2026

By: marketsandmarkets.com
Publishing Date: December 2016
Report Code: CH 4799

 

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The flat steel market is projected to reach USD 757.15 Billion by 2026, at a CAGR of 6.7% from 2016 to 2026.

The objectives of this study are:

  • To define and segment the flat steel market on the basis of type, end user, and region
  • To estimate and forecast the market, in terms of value and volume
  • To identify and analyze key drivers, restraints, challenges, and opportunities influencing the growth of the flat steel market
  • To analyze significant region-specific trends in Asia-Pacific, Europe, North America, the Middle East & Africa, and South America
  • To strategically identify and profile key players and analyze their core competencies share in the flat steel market
  • To analyze recent market developments and competitive strategies, such as alliances, joint ventures, and mergers & acquisitions to draw a competitive landscape of the flat steel market
  • To estimate the market share of key market players in the flat steel market

Years considered for the study are:

  • Base Year – 2015
  • Estimated Year – 2016
  • Projected Year – 2026
  • Forecast Period – 2016 to 2026

For company profiles, 2015 has been considered as the base year. In certain instances, wherein the information was not available for the base year, the years prior to it have been considered.

Research Methodology

This study aims to estimate the flat steel market size for 2016 and projects its demand till 2026. It also provides a detailed qualitative and quantitative analysis of the flat steel market. Various secondary sources including directories, industry journals, various associations, and databases (such as World Steel Association, Steel Manufacturers Associations, HSCode.org, International Steel Statistics Bureau) have been used to identify and collect information useful for this extensive commercial study of the flat steel market. Primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess future prospects of the flat steel market. Breakdown of profiles of primaries is shown in the figure below:

Flat Steel Market

To know about the assumptions considered for the study, download the pdf brochure

Key Target Audience

  • Manufacturers of Flat Steel
  • Traders, Distributors, and Suppliers of Flat Steel
  • End-Use Industries Operating in the Flat Steel Supply Chain
  • Government and Research Organizations
  • Associations and Industrial Bodies
  • Research and Consulting Firms
  • R&D Institutions
  • Environment Support Agencies
  • Investment Banks and Private Equity Firms

Scope of the Report: This research report categorizes the flat steel market on the basis of type, end user, and region. The report forecasts revenues as well as analyzes the trends in each of these subsegments.

On the basis of Type:

  • Sheets & Strips
  • Plates

On the basis of End User:

  • Building & Infrastructure
  • Automotive & Other Transport
  • Mechanical Equipment
  • Others

On the basis of Region:

  • Asia-Pacific
  • Europe
  • North America
  • Middle East & Africa
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

  • New Product Analysis

Product matrix, which gives a detailed comparison of new products and market trends in each industry

  • Geographic Analysis

Further breakdown of a region with respect to a particular country and application

  • Company Information

Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Key Data From Secondary Sources
           2.1.2 Key Data From Primary Sources
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
                     2.3.1.1 Key Industry Insights
           2.3.2 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Opportunities in the Flat Steel Market
    4.2 Flat Steel Market, By Region
    4.3 Flat Steel Market, By Type
    4.4 Asia-Pacific Flat Steel Market
    4.5 Flat Steel Market: Emerging vs Developed Countries

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Type
           5.3.2 By End User
           5.3.3 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                     5.4.1.1 Rapid Industrialization and Increase in Infrastructure Investments
                     5.4.1.2 Increasing Urban Population Proliferates the Demand for Flat Steel Products
           5.4.2 Restraints
                     5.4.2.1 Volatile Price of Raw Materials
    5.5 Cost Structure Analysis

6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Revenue Pocket Matrix
    6.3 Economic Indicators
           6.3.1 Industry Outlook
                     6.3.1.1 Building & Infrastructure
                     6.3.1.2 Automotive
                     6.3.1.3 Machinery
                     6.3.1.4 Electronics
                     6.3.1.1 Manufacturing
           6.3.2 Country Outlook

7 Flat Steel Market, By Type (Page No. - 49)
    7.1 Introduction
    7.2 Market Size and Projection
    7.3 Sheets & Strips
    7.4 Plates

8 Flat Steel Market, By End User (Page No. - 56)
    8.1 Introduction
    8.2 Building & Infrastructure
    8.3 Automotive & Other Transport
    8.4 Mechanical Equipment
    8.5 Others

9 Regional Analysis (Page No. - 67)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 China
           9.2.2 Japan
           9.2.3 India
           9.2.4 South Korea
           9.2.5 Taiwan
           9.2.6 Australia
           9.2.7 Rest of Asia-Pacific
    9.3 Europe
           9.3.1 Germany
           9.3.2 France
           9.3.3 U.K.
           9.3.4 Spain
           9.3.5 Italy
           9.3.6 Ukraine
           9.3.7 Belgium
           9.3.8 The Netherlands
           9.3.9 Russia
           9.3.10 Rest of Europe
    9.4 North America
           9.4.1 U.S.
           9.4.2 Canada
           9.4.3 Mexico
           9.4.4 Rest of North America
    9.5 Middle East & Africa
           9.5.1 Iran
           9.5.2 KSA
           9.5.3 UAE
           9.5.4 South Africa
           9.5.5 Egypt
           9.5.6 Israel
           9.5.7 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Venezuela
           9.6.4 Rest of South America

10 Competitive Landscape (Page No. - 122)
     10.1 Overview
               10.1.1 Agreements & Collaborations: the Most Popular Growth Strategy
     10.2 Growth Strategies Adopted By the Company Between January 2011 and September 2016
     10.3 Flat Steel Market Share, By Companies, 2015
     10.4 Maximum Developments in 2014
     10.5 Agreements & Collaboration
     10.6 Mergers & Acquisitions
     10.7 Expansions
     10.8 New Product Developments
     10.9 Joint Ventures

11 Company Profiles (Page No. - 135)
(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*
     11.1 Arcelormittal
     11.2 Essar Steel
     11.3 POSCO
     11.4 United States Steel Corporation
     11.5 Thyssenkrupp AG
     11.6 Voestalpine Group
     11.7 Steel Authority of India Limited
     11.8 SSAB
     11.9 Nippon Steel & Sumitomo Metal Corporation
     11.10 Tata Steels Limited
     11.11 Allegheny Technologies
     11.12 Hyundai Steel Co., Ltd
     11.13 Hadeed Saudi Iron & Steel Company
     11.14 Shaaban Steel Co. Ltd.
     11.15 Angang Steel Company Limited
     11.16 Hebei Puyong Steel Group
     11.17 Jiangsu Shagang International Trade Co., Ltd.
     11.18 JFE Steel Corporation
     11.19 Nucor Corporation
     11.20 China Steel Corporation
     11.21 Metinvest Holding LLC
     11.22 Severstal JSC
     11.23 JSW Steel
     11.24 Novolipetsk Steel (NLMK)
     11.25 Gerdau S.A.
     11.26 CITIC
     11.27 Wuhan Iron and Steel Corporation
     11.28 Shandong Iron and Steel Group

*Details on Overview, Products & Services, Strategies & Insights, Developments and MnM View Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 180)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (125 Tables)

Table 1 Flat Steel Market Snapshot
Table 2 Population Distribution
Table 3 Gross National Income Per Capita (USD), 2010-2015
Table 4 Conversion Costs for Steel Production
Table 5 Flat Steel Market – Cost Structure Analysis
Table 6 International Car Sales Outlook
Table 7 Demand Forecast for Finished Steel Products
Table 8 GDP Growth (2015) and Country-Wise Import & Export of Flat Steel Products (2014)
Table 9 Flat Steel Market, By Type, 2014-2026 (Kilotons)
Table 10 Flat Steel Market, By Type, 2014-2026 (USD Billion)
Table 11 Sheets & Strips: Flat Steel Market, By Region, 2014-2026 (Kilotons)
Table 12 Sheets & Strips: Flat Steel Market, By Region, 2014-2026 (USD Billion)
Table 13 Plates: Flat Steel Market, By Region, 2014-2026 (Kilotons)
Table 14 Plates: Flat Steel Market, By Region, 2014-2026 (USD Billion)
Table 15 Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 16 Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 17 Building & Infrastructure: Flat Steel Market, By Region, 2014–2026 (Kilotons)
Table 18 Building & Infrastructure: Flat Steel Market, By Region, 2014–2026 (USD Billion)
Table 19 Automotive & Other Transport: Flat Steel Market, By Region, 2014–2026 (Kilotons)
Table 20 Automotive & Other Transport: Flat Steel Market, By Region, 2014–2026 (USD Billion)
Table 21 Mechanical Equipment: Flat Steel Market, By Region, 2014–2026 (Kilotons)
Table 22 Mechanical Equipment: Flat Steel Market, By Region, 2014–2026 (USD Billion )
Table 23 Others: Flat Steel Market, By Region, 2014–2026 (Kilotons)
Table 24 Others: Flat Steel Market, By Region, 2014–2026 (USD Billion )
Table 25 Flat Steel Market, By Region, 2014–2026 (Kilotons)
Table 26 Flat Steel Market, By Region, 2014–2026 (USD Billion)
Table 27 Asia-Pacific: Flat Steel Market, By Country, 2014-2026 (Kilotons)
Table 28 Asia-Pacific: Flat Steel Market, By Country, 2014-2026 (USD Billion)
Table 29 Asia-Pacific: Flat Steel Market, By Type, 2014-2026 (Kilotons)
Table 30 Asia-Pacific: Flat Steel Market, By Type, 2014-2026 (USD Billion)
Table 31 Asia-Pacific: Flat Steel Market, By End User, 2014-2026 (Kilotons)
Table 32 Asia-Pacific: Flat Steel Market, By End User, 2014-2026 (USD Billion)
Table 33 China: Flat Steel Market, By End User, 2014-2026 (Kilotons)
Table 34 China: Flat Steel Market, By End User, 2014-2026 (USD Billion)
Table 35 Japan: Flat Steel Market, By End User, 2014-2026 (Kilotons)
Table 36 Japan: Flat Steel Market, By End User, 2014-2026 (USD Billion)
Table 37 India: Flat Steel Market, By End User, 2014-2026 (Kilotons)
Table 38 India: Flat Steel Market, By End User, 2014-2026 (USD Billion)
Table 39 South Korea: Flat Steel Market, By End User, 2014-2026 (Kilotons)
Table 40 South Korea: Flat Steel Market, By End User, 2014-2026 (USD Billion)
Table 41 Taiwan: Flat Steel Market, By End User, 2014-2026 (Kilotons)
Table 42 Taiwan: Flat Steel Market, By End User, 2014-2026 (USD Billion)
Table 43 Australia: Flat Steel Market, By End User, 2014-2026 (Kilotons)
Table 44 Australia: Flat Steel Market, By End User, 2014-2026 (USD Billion)
Table 45 Rest of Asia-Pacific: Flat Steel Market, By End User, 2014-2026 (Kilotons)
Table 46 Rest of Asia-Pacific: Flat Steel Market, By End User, 2014-2026 (USD Billion)
Table 47 Europe: Flat Steel Market, By Country, 2014–2026 (Kilotons)
Table 48 Europe: Flat Steel Market, By Country, 2014–2026 (USD Billion)
Table 49 Europe: Flat Steel Market, By Type, 2014–2026 (Kilotons)
Table 50 Europe: Flat Steel Market, By Type, 2014–2021 (USD Billion)
Table 51 Europe: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 52 Europe: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 53 Germany: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 54 Germany: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 55 France: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 56 France: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 57 U.K.: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 58 U.K.: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 59 Spain: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 60 Spain: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 61 Italy: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 62 Italy: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 63 Ukraine: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 64 Ukraine: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 65 Belgium: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 66 Belgium: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 67 The Netherlands: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 68 The Netherlands: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 69 Russia: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 70 Russia: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 71 Rest of Europe: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 72 Rest of Europe: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 73 North America: Flat Steel Market, By Country, 2014–2026 (Kilotons)
Table 74 North America: Flat Steel Market, By Country, 2014–2026 (USD Billion)
Table 75 North America: Flat Steel Market, By Type, 2014–2026 (Kilotons)
Table 76 North America: Flat Steel Market, By Type, 2014–2026 (USD Billion)
Table 77 North America: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 78 North America: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 79 U.S.: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 80 U.S.: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 81 Canada: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 82 Canada: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 83 Mexico: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 84 Mexico: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 85 Rest of North America: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 86 Rest of North America: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 87 Middle East & Africa: Flat Steel Market, By Country, 2014–2026 (Kilotons)
Table 88 Middle East & Africa: Flat Steel Market, By Country, 2014–2026 (USD Billion)
Table 89 Middle East & Africa: Flat Steel Market, By Type, 2014–2026 (Kilotons)
Table 90 Middle East & Africa: Flat Steel Market, By Type, 2014–2026 (USD Billion)
Table 91 Middle East & Africa: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 92 Middle East & Africa: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 93 Iran: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 94 Iran: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 95 KSA: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 96 KSA: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 97 UAE: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 98 UAE: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 99 South Africa: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 100 South Africa: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 101 Egypt: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 102 Egypt: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 103 Israel: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 104 Israel: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 105 Rest of Middle East & Africa: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 106 Rest of Middle East & Africa: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 107 South America: Flat Steel Market, By Country, 2014–2026 (Kilotons)
Table 108 South America: Flat Steel Market, By Country, 2014–2026 (USD Billion)
Table 109 South America: Flat Steel Market, By Type, 2014–2026 (Kilotons)
Table 110 South America: Flat Steel Market, By Type, 2014–2026 (USD Billion)
Table 111 South America: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 112 South America: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 113 Brazil: America Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 114 Brazil: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 115 Argentina: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 116 Argentina: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 117 Venezuela: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 118 Venezuela: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 119 Rest of South America: Flat Steel Market, By End User, 2014–2026 (Kilotons)
Table 120 Rest of South America: Flat Steel Market, By End User, 2014–2026 (USD Billion)
Table 121 Agreements & Collaborations, 2011–2016
Table 122 Mergers & Acquisitions, 2011–2016
Table 123 Expansions, 2011–2016
Table 124 New Product Developments, 2011–2016
Table 125 Joint Ventures, 2011–2016
 
 
List of Figures (62 Figures)
 
Figure 1 Flat Steel Market Segmentation
Figure 2 Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Research Methodology: Data Triangulation
Figure 6 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 7 The Building & Infrastructure End User Segment is Projected to Lead the Flat Steel Market From 2016 to 2021
Figure 8 The Plates Segment is Projected to Be the Fastest-Growing Type Segment of the Flat Steel Market
Figure 9 Flat Steel Market, By Region, 2016 (USD Billion)
Figure 10 Flat Steel Regional Market Share (2016) & CAGR (2016-2021)
Figure 11 Increasing Demand for Flat Steel From Varied Industry Verticals is Projected to Drive the Growth of the Flat Steel Market During the Forecast Period
Figure 12 The Flat Steel Market in Asia-Pacific is Projected to Witness Highest Growth Between 2016 and 2021
Figure 13 The Sheets & Strips is Estimated to Be the Leading Type Segment for the Flat Steel Market in 2016
Figure 14 The Building & Infrastructure End User Segment Contributed the Largest Share to the Asia-Pacific Flat Steel Market
Figure 15 India is Projected to Be the Fastest-Growing Country in the Flat Steel Market Between 2016 and 2021
Figure 16 Evolution of the Steel Industry
Figure 17 Flat Steel Market, By Type
Figure 18 Flat Steel Market, By End User
Figure 19 Flat Steel Market, By Region
Figure 20 Drivers and Restraints of the Flat Steel Market
Figure 21 Iron Ore Price vs Steel Price, 2010-2019
Figure 22 Costs Involved at Different Stages of Steel Processing (2016)
Figure 23 Cost Structure Analysis of the Flat Steel Market
Figure 24 Revenue Pocket Matrix for the Flat Steel Market, By End User, 2015
Figure 25 Revenue Pocket Matrix for the Flat Steel Market, By Type, 2015
Figure 26 Manufacturing Industry Growth Rate, 2014
Figure 27 The Plates Type Segment of the Flat Steel Market is Projected to Grow at the Highest CAGR From 2016 to 2021
Figure 28 The Sheets & Strips Segment of the Asia-Pacific Flat Steel Market is Projected to Grow at the Highest CAGR From 2016 to 2021
Figure 29 The Asia-Pacific Region to Lead the Plates Type Segment of the Flat Steel Market From 2016 to 2021
Figure 30 The Building & Infrastructure End User Segment of the Flat Steel Market is Projected to Grow at the Highest CAGR Between 2016 and 2021
Figure 31 The Building & Infrastructure End User Segment to Lead the Asia-Pacific Flat Steel Market By 2021
Figure 32 The Asia-Pacific Region is Projected to Lead the Automotive & Other Transport End User Segment of the Flat Steel Market By 2021
Figure 33 The Asia-Pacific Region is Projected to Lead the Mechanical Equipment End User Segment of the Flat Steel Segment By 2021
Figure 34 The Asia-Pacific Region is Projected to Lead the Others Segment of the Flat Steel Market By 2021
Figure 35 Flat Steel Market, By Region, 2016
Figure 36 Asia-Pacific Flat Steel Market Snapshot
Figure 37 Europe Flat Steel Market Snapshot
Figure 38 North America Flat Steel Market Snapshot
Figure 39 Middle East & Africa Flat Steel Market Snapshot
Figure 40 South America Flat Steel Market Snapshot
Figure 41 Agreements & Collaborations Was the Key Strategy Adopted By Major Players in the Flat Steel Market Between January 2011 and September 2016
Figure 42 Key Growth Strategies Adopted in the Flat Steel Market Between January 2011 and September 2016
Figure 43 POSCO (South Korea) Adopted Maximum Number of Strategies to Grow in the Flat Steel Market Between January 2011 and September 2016
Figure 44 Arcelormittal Held the Largest Share of the Flat Steel Market in 2015
Figure 45 Flat Steel Market Development Share, January 2011–September 2016
Figure 46 Arcelormittal: Company Snapshot
Figure 47 SWOT Analysis
Figure 48 Essar Steel: Company Snapshot
Figure 49 POSCO: Company Snapshot
Figure 50 SWOT Analysis
Figure 51 United States Steel Corporation: Company Snapshot
Figure 52 SWOT Analysis
Figure 53 Thyssenkrupp AG: Company Snapshot
Figure 54 Voestalpine Group: Company Snapshot
Figure 55 SWOT Analysis
Figure 56 Steel Authority of India Limited: Company Snapshot
Figure 57 SWOT Analysis
Figure 58 SSAB: Company Snapshot
Figure 59 Nippon Steel & Sumitomo Metal Corporation: Company Snapshot
Figure 60 Tata Steels Limited: Company Snapshot
Figure 61 Allegheny Technologies: Company Snapshot
Figure 62 Hyundai Steel Co., Ltd: Company Snapshot

The flat steel market is projected to reach USD 757.15 Billion by 2026, at a CAGR of 6.7% from 2016 to 2026. The key factor propelling the growth of the flat steel market is the increasing demand for flat steel from building & infrastructure, and automotive & other transport industries.

Major end users in the flat steel market are building & infrastructure, automotive & other transport, mechanical equipment, and others. Flat steel is used in the building & infrastructure sector as it offers design flexibility, strength, and durability. It not only lowers construction costs but also reduces long-term maintenance costs of buildings. In the automotive & transport industry, flat steel products not only lowers the overall weight of the vehicle but also provides optimum strength and fuel efficiency. Therefore, increase in infrastructural development, along with rise in automobile production is expected to propel the demand for flat steel.

Based on type, the flat steel market has been segmented into sheets & strips, and plates. The sheets & strips segment is estimated to account for the largest market share in 2016, in terms of value. Sheets & strips are extensively used in varied applications for manufacturing door & window hoods, wall ornaments, refrigerators, steel drums, steel furniture, dry batteries, automobiles, washing machines, gutters, downspouts, and roof ornaments, among others. The plates segment is projected to grow at the highest CAGR during the forecast period due to high growth in infrastructural development worldwide.

The flat steel market in the Asia-Pacific region is anticipated to grow at the highest CAGR between 2016 and 2026. This region has witnessed significant infrastructural development in recent years, which has led to the initiation of several housing projects. The region’s construction industry is expected to grow at a significant rate of 7.1% from 2016 to 2026. In addition, high growth of the market in Asia-Pacific can be attributed to the increasing demand for flat steel to manufacture lightweight and fuel efficient vehicles.

Flat Steel Market

Estimating the future demand of flat steel is a prime challenge due to economic slowdown in varied regions worldwide. North America and Europe have still not recovered completely from the economic crisis, which, in turn, has affected the demand for flat steel in major end-use industries in these regions.

Key companies operating in the flat steel market include ArcelorMittal (Luxembourg), POSCO (South Korea), Voestalpine AG (Austria), Essar Steel (India), ThyssenKrupp (Germany), United States Steel Corporation (U.S.), Nippon Steel & Sumitomo Metal Corporation (Japan), Allegheny Technologies Inc. (U.S.), SSAB (Sweden), Hyundai Steel Co., Limited (South Korea), Tata Steel Limited (India), SAIL (India), and Essar Steel (India). These players with a wide market reach and established distribution network are investing more on research & development activities. They also have strong technical and market development capabilities, which enable them to upgrade their existing products for new applications.

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