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Hot Rolled Steel Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

11-08-2023 01:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Hot Rolled Steel Market is Anticipated to Increase at a Stable

The global hot rolled steel market is anticipated to grow at a considerable CAGR of 3.4% during the forecast period. The market growth strategies adopted by market players including Tata Steel Ltd., Wuhan Iron and Steel Group Corp., Jiangsu Shagang Group Co., Ltd., Hebei Iron and Steel Group Co. Ltd., and Baosteel Group Corp. among others are one of the key factor contributing to the growth of the global hot rolled steel market. For instance, in June 2022, JSC has awarded Primetals Technologies with a contract for process and technology consulting services for their integrated steel plant in Dung Quat, Quang Ngai Province, Vietnam. The goal of the process and technology consulting services is "to study existing production performance and advise on possible improvements in product quality as well as on conversion cost reduction."

Further, in January 2021, ArcelorMittal Nippon Steel India (AM/NS India) has signed an MoU with Posco Maharashtra Steel to supply hot rolled coils (HRC) in 2021. Sixth such agreement between the two companies since 2015, the MoU is valued at about Rs 5000 crore. As part of the agreement, AM/NS India and Posco Maharashtra Steel will jointly work to enhance the quality of current grades and develop new value-added grades to provide the best quality and state-of-the-art steel products & solutions to consumers. Such developments are anticipated to drive the growth of the global hot rolled steel market.

To Request a Sample of our Report on Hot Rolled Steel Market: https://www.omrglobal.com/request-sample/hot-rolled-steel-market

Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

• By End-User Industries

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- including Tata Steel Ltd., Wuhan Iron and Steel Group Corp., Jiangsu Shagang Group Co., Ltd., Hebei Iron and Steel Group Co. Ltd., and Baosteel Group Corp. among others.

Hot Rolled Steel Market Report Segment

By End-User Industries

• Construction

• Automotive

• Aviation & Marine

• Yellow Goods and Mining Equipment

A full Report of Hot Rolled Steel Market is Available @ https://www.omrglobal.com/industry-reports/hot-rolled-steel-market

Hot Rolled Steel Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

• Latin America

• Middle East and Africa

Company Profiles

• A G Universal Ltd.

• ArcelorMittal S.A

• Baosteel Group Corp.

• Hebei Iron and Steel Group Co. Ltd.

• Hyundai Steel Co., Ltd

• JFE Steel Corp.

• JSW Group

• Jiangsu Shagang Group Co., Ltd

• Nippon Steel Corp.

• Pohang Iron and Steel Co. (POSCO)

• Raunaq Steels Trading Pvt. Ltd.

• Shree Ji Steel Corp.

• Steel Authority of India Limited (SAIL)

• Tata Steel Ltd.

• Wuhan Iron and Steel Group Corp.

Reasons to buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/hot-rolled-steel-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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