openPR Logo
Press release

Flat Steel Market to See Incredible Growth During 2017 - 2025

Flat Steel Market to See Incredible Growth During 2017 - 2025

Flat Steel Market: Drivers and Restraints

Innovative steel production techniques, expansion in the manufacturing capacity, and steel companies are inclining towards electric arc furnace manufacturing process which will provide them an operating flexibility are a primary factor driving the growth of global flat steel market. Moreover, extensive use of flat steel in the construction of factories, roads, and engineering structure, and growing automobile and construction industry globally which account about two third of steel consumption are some of the prominent factors fueling the growth of flat steel market over the forecast period.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/16339

However, the high fixed cost of blast furnace production process have a severely adverse impact on the profitability of steel manufacturers, and fluctuation in product price may limiting the growth of the flat steel market during the forecast period. For Instance, In February 2017, the average price of flat steel in Asian market was increased by around US$25 per ton compared to previous month.

Flat Steel Market: Segmentation

The flat steel market has been classified by product type, production process, and end user. Based on product type, the flat steel market is segmented into the following: Sheets, Cold Rolled Coil, Hot Rolled Coil, Galvanized Coil, Plates.

Based on the production process, the flat steel market is segmented into the following: Blast Furnace (BF), Electric Arc Furnace (EAF).

Flat Steel Market: Overview

Flat steel market revenue is expected to grow at a rapid growth rate, over the forecast period. The market is anticipated to perform well in the near future owing to the low cost of cold rolled steel sheets compared to hot rolled sheets and expanding industrialization. Moreover, increasing public sector expenditure and the rise in infrastructure investments are some of the factors that can propel the market revenue growth of flat steel soon.

Based on product type, sheets segment is projected to lead the global flat steel market over the forecast period attributed to the extensive use of hot rolled steel sheets for the development of the major sized structures such as heavy equipment, construction, and railroads, and high malleable property.

To view TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/16339

On the other hand, the cold rolled sheets are a finished form of the sheet used when a surface finishing is required automotive parts. The cold steel is processed in cold reduction mills at room temperature along with tempers rolling which make steel closer dimensional tolerance, improve surface finish, and enhance the tensile strength.

Flat Steel Market: Region-wise Outlook

Depending on the geographic region, flat steel market is divided into seven key regions: North America, Eastern Europe, Latin America, Western Europe, Japan, Asia-Pacific, and the Middle East & Africa. North America dominates the flat steel market followed by Europe, and Japan is owing to expanding automotive output, high adoption of oil and gas tubular, and government initiatives.

The market in Asia Pacific and Japan is expected to grow at significant CAGR owing to expanding construction and automobile industry, the presence of prominent players in these regions. Additionally, increasing exports of steel from developing countries such as India which has escalated by 78% during April 2016 to February 2017 are the factors which are anticipated to drive the growth of flat steel market throughout the forecast period.

Flat Steel Market: Key Players

Some of the prominent players in the flat steel market are ArcelorMittal S.A., Allegheny Technologies Inc., Zeeco Metals, Inc., SSAB AB, Clingan Steel, Inc., United States Steel Corporation, AK Steel Holding Corporation, Hascall Steel Co., Essar Group ThyssenKrupp AG, Posco Co. Ltd., Precision Brand Products, Inc., Johnson Bros. Metal Forming Co., Voestalpine AG, Jindal Steel and Power Limited, JSW Steel Ltd., Tata Steel Limited, Nippon Steel & Sumitomo Metal Corp, Hyundai Steel Co., and Steel Authority of India Limited (SAIL), and many more.

Buy Now: You can now buy a single user license of the report @ http://www.persistencemarketresearch.com/checkout/16339

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology, material and applications.

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Flat Steel Market to See Incredible Growth During 2017 - 2025 here

News-ID: 674040 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for Steel

Steel Beams Market is Booming Worldwide with Steel Dynamics, JSW Steel, JFE Stee …
HTF MI just released the Global Steel Beams Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. Major Giants in Steel Beams Market are: ArcelorMittal (Luxembourg), Nippon Steel (Japan),
Special Ball Bearing Steel Market : Eminent Players - Nippon Steel, Suzhou Steel …
Market Description - Los Angeles, (United States) - The information made available in the Special Ball Bearing Steel report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work,
Miscellaneous Steel Detailing | Steel Detailer | Steel Detailing Services
We provide the highest quality of finished projects in the industry. Boasting unmatched turnaround times, and superb accuracy. WorldSteel Detailings has onboard team of experienced steel detailers and engineers with a wide range of experience from industrial and commercial projects to high rise buildings. By using innovative technologies and latest softwares, our structural steel detailing team provides accurate services as per your requirements based on country standards.Our steel detailing professionals
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in