Flat Steel Market Growth Analysis, Market Scope And Forecast by 2028 | Prominent Players: ArcelorMittal, Nippon Steel & Sumitomo Metal Corporation, Tata Steel, POSCO, China Baowu Steel Group Corporation Limite

The global flat steel market valued at USD 422.4 billion in 2019 is projected to grow at 4.2% CAGR over the forecast period. However, the COVID-19 crisis has impacted the growth trajectory as the demand for flat steel has fallen sharply. In the wake of disruption of supply chains and the shutdown of manufacturing plants, the flat steel market growth has been profoundly affected. At the same time, some of the world's leading manufacturers of flat steel are confident that the post-pandemic era will herald an uptick in the sales of flat steel. Based on these trends, QMI forecasts that the flat steel market will experience a recovery in the long term.

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Key Takeaways of the Flat steel Market Study
 Rapid technological advancements and changing consumer preferences are promoting market players to look for new applications of flat steel.
 The rising awareness regarding the merits of flat steel such as high durability, strength, and maintenance cost us driving its adoption across various verticals.
 In North America, the construction industry is expected to grow on account of massive investment opportunities in U.S. and Canada.
 Distribution channels cater to the local as well as global demand and the market has witnessed high volume of cross-border trade.

Notable Development Trends to Open up New Horizons of Growth for Flat steel Market
The leading companies in the market are focused on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.
 In December 2019, ArcelorMittal acquired Essar Steel India Limited (ESIL) to enhance its market position in the Indian market for the manufacturing of flat steel and overall steel.
 In November 2019, POSCO revealed INNOVILT, a premium brand of steel products for the construction industry, to enhance the standard of steel products for construction.

ArcelorMittal, Nippon Steel & Sumitomo Metal Corporation, Tata Steel, POSCO, China Baowu Steel Group Corporation Limited, Shougang Group Co., Ltd., SSAB AB, JFE Steel Corporation, HBIS Group, ThyssenKrupp AG, and Voestalpine Group are some of the major players in the flat steel market.

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Major points covered in the report:
1. An overview of the market, including background and evolution
2. Macroeconomic factors affecting the market and its potential
3. Market dynamics, such as drivers, challenges, and trends
4. Detailed value chain analysis of the market
5. The cost structure of the products and segments covered in the study
6. In-depth pricing analysis, by key product segments, regions and by major market participants
7. Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
8. Analysis of the market structure, including a tier-wise categorization of key market participants
9. Competitive landscape of the market, including detailed profiles of the top players in this market

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Market Segmentation:
By Process
• Basic Oxygen Furnace
• Arc Furnace

By Type
• Sheets & Strips
• Plates

By End-User Industry
• Building & Infrastructure
• Mechanical Equipment
• Automotive & Other Transport

By Region:
• North America Flat Steel Market
o By Country (US, Canada, Mexico)
o By Process
o By Type
o By End-User Industry

• Europe Flat Steel Market
o By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
o By Process
o By Type
o By End-User Industry

• Asia Pacific Flat Steel Market
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Process
o By Type
o By End-User Industry

• Middle East & Africa Flat Steel Market
o By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
o By Process
o By Type
o By End-User Industry

• South America Flat Steel Market
o By Country (Brazil, Argentina, Colombia, Rest of South America)
o By Process
o By Type
o By End-User Industry

Reasons to Buy This Report:
• Market size estimation of the flat steel market on a regional and global basis
• Unique research Usage for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country

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