Automotive & Aerospace Steel Market Share

Automotive & Aerospace Steel Market Share

Global steel industry for automotive & aerospace applications market is fragmented, and key players include

• Gerdau S/A
• Nippon Steel & Sumitomo Metal Corporation Daido Steel Co., Ltd.
• Kobe Steel, Ltd.
• Tata Steel
• Steel Authority of India Limited (SAIL)
• China Steel Corporation
• United States Steel Corporation
• Outokumpu OYJ
• Celsa Steel UK
• NJR Steel
• Thyssenkrupp AG
• ArcelorMittal
• JFE Steel Corporation
• Mechel OAO
• Jiangsu Shagang Group
• Commercial Metals Company
• Nucor Steel
• Essar Steel
• Acerinox S.A.
• Hyundai Steel
• Jindal Steel & Power Ltd.
• POSCO
• Steel Dynamics, Inc.
• Baosteel Group
   

The emerging small industry players are taking initiative in the market owing to its wider acceptance in automotive and aerospace application. Further, industry players are also engaged in numerous acquisitions, mergers and innovation activities. The other small key players and emerging companies are taking initiative in the market owing to increasing manufacturing & construction industry.
 

For instance, In December 2019, ArcelorMittal has completed its acquisition with Essar Steel India Limited. Further, the company also announced of a joint venture with ArcelorMittal Nippon Steel India Limited (AM/NS India) and Nippon Steel Corporation. which will own and operate Essar Steel. Th acquisition will help ArcelorMittal to further expand innovations in the steel industry.
 

In June 2019, Tata Steel completed the acquisition of Bhushan Energy. This company is operating as a division of Bhushan Steel.
 

In November 2019, Gerdau has purchased a steel mill for USD 111 million in northeast Brazil. The annual production capacity of installed mill is 600,000 tons per year. Through this still plant the company has improved it productivity at Brazilian steel mills.