Flat Steel Market – Market
Overview
Flat steel is referred as
the sheet, coils or other flat-rolled steel product. Flat steels are known for
their hardness, deformation and resistance to abrasion. Flat steel provides
certain benefits such as high resistance to wear, good thermal conductivity and
good hardenability, cost-effective machinability and excellent polishing and
acid-treatment properties. These properties makes flat steel suitable for use
by various end use industries including Automotive industry, Mechanical and
plant engineering, Power-generation, Aviation, Food and packaging industry,
Structural and civil engineering and Mining, thereby driving the growth of the
market. One of the key emerging trends in steel service industry is the need to
eliminate internal stresses in sheet and plate.
Developing economies such
as India, China, Indonesia and Brazil have a wide opportunity for the use of
tools. Indonesia is emerging as one of the leading economies of Asia with a
substantial growth rate and fast paced development. In order to sustain stable
growth and development in infrastructure sector, the government has started
investing in this sector. This will lead to huge development in infrastructure
projects. The increase in infrastructure sector will create an increased
opportunity in developing nation for flat steel market.
Global Key Player:
·
Essar Steel
·
Hyundai Steel Co.
·
POSCO, SSAB
·
ArcelorMittal
·
Voestalpine
·
ThyssenKrupp
Competitive Analysis
Flat steel market appears
to be highly fragmented and competitive owning to the presence of numerous
large and small players active in regional market. The key strategies traced
from the analysis of recent developments of the key players include Product
Launch, Agreement & Partnership, Acquisition and expansion. Strategic
partnerships between Key players support the growth and expansion plans of the
key players during the forecast period. On the product and sales side,
companies are investing in innovation/R&D, brand building, and fostering
strong relationships with customers to support their competitive
position.
Manufacturers operating in
the market strive to deliver innovative solutions that improve the design and
manufacturing processes of business around the world. Focusing upon the
competitive edge, manufacturers strive to develop products that can deliver
optimal adhesion, convenience and reliability. Utilizing their international and
regional presence, these manufacturers assure their customers with the
consistency in product & service quality. Manufacturers strive to develop
their product portfolio with a wide range of products for flat steels for every
application.
Industry/ Innovation/
Related News:
6 October 2015: United
States Steel announced possible consolidation of flat-rolled operations.
The company worked closely with its customers and continued to operate
its steelmaking operations in Indiana, Michigan and
Pennsylvania.
5 MAY 2017: Essar Steel,
signed a long-term supply agreement with global major Posco for the supply of
1.1 million tonne of flat steel products during the current financial year.
20 September 2017: ThyssenKrupp AG and Tata Steel Ltd. reached a tentative deal to merge their European steel businesses to create the continent's No.2 steelmaker after ArcelorMittal.
20 September 2017: ThyssenKrupp AG and Tata Steel Ltd. reached a tentative deal to merge their European steel businesses to create the continent's No.2 steelmaker after ArcelorMittal.
5 January 2017- Brazilian
flat steel producers have notified distributors they are raising prices of hot-
and cold-rolled steel between 8 percent and 10 percent.
Industry Segments:
For the convenience of the
report and enhanced understanding; The Flat Steel Market is segmented in to
3key dynamics
Segmentation by Product-
Plates, Coated Sheet, Hot Rolled Sheets, and Cold Rolled Sheets
Segmentation by End User
-Construction & Infrastructure, Automobile, Transport and others
Segmentation
by Regions: Comprises Geographical regions - North America, Europe, APAC
and Rest of the World.
Regional Analysis
The Global Flat Steel
Market by region has been segmented into North America, Europe, Asia-Pacific
and Rest of the world. This market has seen a substantial growth over the past
few years and it has been experienced that the market will remain on the same
growth level till forecast period. Among the regions covered, Asia-Pacific has
accounted the largest market for flat steel market followed by Europe and North
America.
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