Flat Steel Market 2020 Top Players are POSCO, ArcelorMittal, Tata Steel, Voestalpine Group, Nucor Corporation, Severstal JSC
Flat steel market is projected to record a substantial growth rate over the coming years owing to rapid technological advancements. The growing demand for flat steel products from transport networks, building & infrastructure, automotive, and a number of other sectors will also aid the industry expansion.
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Flat steel products consist of both steel sheets and steel plates. They are generally rolled from slabs, that are semi-finished steel product. The flat steel products are utilized in a wide range of industries namely domestic appliances, construction, automobile, shipbuilding, and agriculture.
The flat steel market is segmented in terms of product, end-use, and regional landscape.
Based on product, the market is divided into metallic coated sheet & strip, hot rolled flat sheets, non-metallic coated sheet and strip, and tin plates. Among these, the non-metallic coated sheet and strip segment is anticipated to grow owing to superior adhesion properties and improved aesthetic quality.
The tin plates product segment will witness a CAGR of more than 3% and is likely to show appreciative growth. Tinplate is light gauge, low-carbon cold-reduced strip or sheet of steel, that is coated on both faces with tin that is commercially pure. It merges within one material the formability and strength of steel and the weldability, corrosion resistance, as well as god appearance and luster of tin.
Growth drivers are -
o North America:
o Construction industry growth
o Growth in automotive industry
o Rising demand for residential & non-residential construction
o Asia Pacific:
o Rapid industrialization & rise in infrastructure investment
o Growing demand from automobile manufacturing industry
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The largest application of tin is seen in packaging and it also provides an exceptional printing surface as well. The tin coating has a low meting point, imparts a good appearance, and also possesses lubricant qualities. Several automotive applications also exist for tin, including the production of engine gaskets, oil filters, and brake line tubes.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
2. Nippon Steel & Sumitomo Corporation
4. Tata Steel
5. Hyundai Steel
6. Essar Steel
7. Thyssenkrupp AG
8. China Steel Corporation
9. Voestalpine Group
10. Gerdau S.A.
11. Nucor Corporation
12. Severstal JSC
13. Allegheny Technologies
14. Wuhan Iron and Steel Corporation
With respect to end-use, the market is bifurcated into building & infrastructure, automotive & transportation, electrical appliances, agriculture equipment, gas containers, transport network, residential, commercial, mechanical equipment, utilities, and others.
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