Advanced High Strength Steels (AHSS) Market Investment Strategy 2020 and Global Key Vendors (SSAB, United States Steel, Arcelor Mittal, POSCO, ThyssenKrupp) | Forecast to 2025
The exclusive research report on the Global Advanced High Strength Steels (AHSS) Market 2020-2025 examines the market in detail along with focusing on significant market dynamics for the key players operating in the market. Global Advanced High Strength Steels (AHSS) Industry research report offers granulated yet in-depth analysis of revenue share, market segments, revenue estimates and various regions across the globe.
The major key factors driving the growth of the Global Advanced High Strength Steels (AHSS) Market are growing consumption of high strength steels in the automotive and construction industries to improve the fuel efficiency of automobiles and ensure high strength and improved safety features of buildings. Furthermore, focus on light weighting in automobiles is well underway, and will continue in the future. With the objective to reduce fuel emissions and to meet greenhouse gas requirements, automobile manufacturers need to significantly reduce the weight of vehicles. The recent efforts to build lightweight cars from aluminum and carbon-fiber composites, acts as a major restraint for the growth of Global Advanced High Strength Steels (AHSS) Market.
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Significant points in table of contents: Market Definition, Market Overview, Business Introduction, Segmentation (Region Level), Segmentation (Type Level), Segmentation (Industry Level), Segmentation (Channel Level), Market Forecast Year, Segmentation Type, Segmentation Industry, Market Cost Analysis, and Conclusion. The Advanced High Strength Steels (AHSS) Market is segmented based on Product, source, application and Regions. On the basis of product, the market is sub-segmented.
Geographically, APAC is dominating the market due to major sales in automotive. Development of automotive manufacturing industries in developing economies such as China and India are driving the market for Advanced High Strength Steels (AHSS). Factors such as availability of low-cost manual and innovation in engineering focus on fuel efficiency and sustainability, and the rising vehicle production levels, drive the market of Advanced High Strength Steels (AHSS). Europe holds the largest market share in automotive AHSS market, followed by APAC due to factors such as strict emission norms laid down by the government and improvement in the economic conditions and increasing investment by the industry players in the region.
Top Major Key Players in the Global Advanced High Strength Steels (AHSS) Market:
1 Arcelor Mittal
5 United States Steel Corporation
8 ThyssenKrupp AG and More………………..
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Product Type Segmentation
1 Low Alloy
2 Medium Alloy
3 High Alloy
2 Hoisting and Mining Equipment
3 Aviation and Marine
Worldwide Business News:
United States Steel Corporation (May 18, 2020) - U. S. Steel Signs Long-Term Iron Ore Sales Agreement With Algoma Steel - United States Steel Corporation today announced a four-year agreement to sell substantial volumes of quality iron ore pellets to Ontario, Canada based Algoma Steel Inc. (“Algoma”). The purchase agreement, which runs from 2021 through 2024, provides incremental volume and a new long-term iron ore customer for U. S. Steel’s Minnesota mines.
“As a top North American iron ore producer, U. S. Steel is pleased to partner with Algoma to ensure they have the substantial supply of iron ore pellets they need to run their business,” said U. S. Steel President and Chief Executive Officer David B. Burritt. “This new supply agreement further verifies the value of our iron ore operations. We are proud of Algoma’s confidence in U. S. Steel’s quality and reliability in satisfying their important long-term needs.”
This is the second significant iron ore purchase agreement U. S. Steel has finalized in 2020. The other agreement announced on April 30, 2020 included another party’s option to acquire a 25 percent interest in the Company’s Minntac iron ore operation for an implied enterprise value of $2.4 billion for the Minntac operation. The contracts advance U. S. Steel’s commitment to extract incremental value from the company’s iron ore assets as part the Company’s “best of both” strategy which was announced October 1, 2019.
“Today’s announcement is another example of the continued execution of our ‘best of both’ integrated and mini mill strategy. The asset revitalization investments we made across our critical steel making assets over the past few years are resulting in enhanced safety, quality, delivery and cost performance as we build on the cost and capability benefits of being an integrated producer,” said Burritt. “As we complete our electric arc furnace in Alabama and ultimately continue with our investments in endless casting and rolling at Mon Valley Works and the upgrades to the hot strip mill at Gary Works, we will have fundamentally repositioned our footprint to be the only ‘best of both’ steel producer for the multiple stakeholders that count on U. S. Steel. We look forward to continuing to serve current customers while gaining market share in strategic end markets, like we have done today with our newest iron ore customer.”
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Major Points in Table of Contents:
Global Advanced High Strength Steels (AHSS) Market Report 2020
1 Advanced High-Strength Steels (AHSS) Product Definition
2 Global Advanced High-Strength Steels (AHSS) Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Advanced High-Strength Steels (AHSS) Shipments
2.2 Global Manufacturer Advanced High-Strength Steels (AHSS) Business Revenue
2.3 Global Advanced High-Strength Steels (AHSS) Market Overview
2.4 COVID-19 Impact on Advanced High-Strength Steels (AHSS) Industry
3 Manufacturer Advanced High-Strength Steels (AHSS) Business Introduction
3.1 Arcelor Mittal Advanced High-Strength Steels (AHSS) Business Introduction
3.2 POSCO Advanced High-Strength Steels (AHSS) Business Introduction
3.3 Baowu Advanced High-Strength Steels (AHSS) Business Introduction
3.4 SSAB Advanced High-Strength Steels (AHSS) Business Introduction
3.5 United States Steel Corporation Advanced High-Strength Steels (AHSS) Business Introduction
3.6 Voestalpine Advanced High-Strength Steels (AHSS) Business Introduction
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