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Flat Steel Market Analysis

  • Report ID: GMI2378
  • Published Date: Feb 2020
  • Report Format: PDF

Flat Steel Market Analysis

Global flat steel market is bifurcated on the basis of products as hot rolled flat sheets, hot rolled coils, electrical sheet & strip, metallic coated sheet & strip, non-metallic coated sheet & strip and tin plates. Hot rolled flat sheets market size surpassed over 110 million tons in 2018 which shows optimum growth opportunities.


Hot rolled flat steel sheets involve the rolling of steel above the steel recrystallization temperature. The process helps in the manufacture of steel sheets which can be deformed and shaped easily in varied sizes. These products do not require any post-forming heat treatment, are economical and offer effective mechanical properties which are the key driving factors for the flat steel market.

Hot rolled flat steel sheets find extensive usage in automotive, structural sections, railroad and various construction applications as these products offer high formability, corrosion resistance and are also suitable for applications which require optimum shape and appearance. In addition, superior workability of these high strength sheets makes them useful in several interior & exterior infrastructure applications which is further expected to have a positive impact on the flat steel market growth.

On the basis of application, the market is segmented into building & infrastructure, automotive & transportation, mechanical equipment, electrical appliances, agriculture equipment, gas containers and others. Rising adoption of flat steel products in infrastructure development owing to its ability to provide superior aesthetic appeal, high performance & efficiency should accelerate the flat steel market.

flat steel market by building & infrastructure application

Flat steel sheets & strips are widely used in the construction of new residential and commercial buildings owing to their lightweight, enhanced safety and exceptional durability. These products act as a suitable substitute to other metals & alloys used in construction industry as they promote sustainable development at a cost-effective price when compared to other materials.

Rising environmental degradation has urged steel manufacturers to provide solutions which enable energy efficient buildings which is expected to accelerate the product demand from the construction industry. For instance, the HAMK Sheet Metal Centre in Finland, a near zero energy building, significantly reduced its cost of electricity and district heating by utilizing steel solutions in April 2015. Increasing product popularity in several construction applications owing to its eco-friendly nature and high performance shall foster the flat steel market share in the forecasted timeperiod.

North America flat steel market from automotive & transportation applications is likely to register gains at over 3% by 2026. Growing presence of a significant number of automotive manufacturers along with considerable economic growth has led to increasing requirement of passenger cars & commercial vehicles in North America. Rising government initiatives to improve consumer awareness towards increasing carbon emissions has boosted the adoption of electric vehicles which is further expected to foster the market growth.

North America flat steel market

Flat steel sheets in auto components manufacturing offer various benefits such as suitability for rigid fabrication, resistance to corrosion & heat and exceptional tolerance rate which makes them ideal for automotive production. Rapid growth in automotive sector in Mexico owing to low production cost, government incentives and low tariffs is further expected to stimulate the flat steel market in the region.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Overall flat steel market would be pegged at a valuation of $635 billion in 2026.

As per estimates, flat steel industry would account a crcr of 5.5% through 2026.

Flat steel is a form of steel which is rolled from steel slabs and is used in the production of sheets, plates, structural beams and strips. These products are extensively served in building & infrastructure, transportation and electrical appliance industries owing to their unique properties.

Rise in demand of construction and automotive industry, growing demand for residential & non-residential construction and automobile manufacturing industry, rapid industrialization & rise in infrastructure investment are the major key factors expected to drive the growth of global market.

POSCO, Nippon Steel & Sumitomo Corporation, ArcelorMittal, Tata Steel, Hyundai Steel, Essar Steel, Thyssenkrupp AG, China Steel Corporation, Voestalpine Group, Gerdau S.A., Nucor Corporation, Severstal JSC, Allegheny Technologies, Wuhan Iron and Steel Corporation are some of the top contributors in the industry.

Based on the product, the hot rolled sheet segment endured a significant market share in 2018 and is projected to record a remarkable growth rate throughout the forecast period. ?

Flat Steel Market Scope

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Premium Report Details

  • Base Year: 2018
  • Companies covered: 14
  • Tables & Figures: 317
  • Countries covered: 24
  • Pages: 260
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