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Flat Steel Market Share

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

Flat Steel Market Share

Global flat steel market is significantly fragmented with key market players including

  • Nippon Steel & Sumitomo Metal Corporation
  • ArcelorMittal
  • Thyssenkrupp
  • China Steel Corporation

Steelmakers are engaged in mergers & acquisitions and partnerships so as to expand their product portfolio and cater to the rising product demand across the globe. Major manufacturers are focusing on partnerships to gain a competitive edge in the industry. In March 2019, Nippon Steel confirmed the completion of procedures to acquire 51% of the common shares of Sanyo Special Steel Co., Ltd. Sanyo will legally be a part of NSSMC as a subsidiary. The agreement is expected to strengthen the special steel business for both companies and promote global flat steel market sales.

In June 2019, Tata Steel completed the acquisition of Bhushan Energy, which operates as a division of Bhushan Steel. This agreement will help enhance company’s ability to provide high performance steel materials for use in several end use industries.

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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