Flat steel is manufactured in form of a sheet by melting and rolling. It can be produced in different formats such as plates and strips. It is used in automobile & transportation, packaging, building & infrastructure, consumer goods, and defense.
The global flat steel market report has been segmented on the basis of product type, application, and region. On the basis of product, the global flat steel market is segmented into sheet & strips and plates. Sheets & strips are estimated to be one of major product types segment in the global flat steel market. Sheets are classified in two types including cold rolled sheet and hot rolled sheet. Cold rolled sheets are used in automobile and electrical applications.
On the basis of application, the global flat steel market has been segmented into automobile & transportation, building & infrastructure, mechanical equipment’s, and other (Appliances, Agriculture Equipment, Consumer goods, and Shipbuilding). Building & infrastructure is expected to be fastest growing application segment in the global flat steel market. Excellent features of carbon steel based on hot rolled, cold rolled, and galvanized flat products make flat steel suitable for construction. Flat steel is used in construction of bridges, railway tracks, factories, buildings, and other engineering structures.
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On the basis of region, the global flat steel market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe flat steel market is expected to be major region in terms of revenue and is estimated to grow at steady rate over the forecast period, owing to growing end use industries such as automotive, transportation, and machinery industry in the region. Moreover, growing construction sector in Germany, France, and the UK is anticipated to fuel the market growth over the forecast period.
Key players operating in the global flat steel market include ArcelorMittal S.A., Tata Steels Limited, United States Steel Corporation, Thyssenkrupp AG, Nippon Steel & Sumitomo Metal Corporation, Steel Authority of India Limited, Shaaban Steel Co. Ltd., Voestalpine AG, Angang Steel Company Limited, and JSW Steel.