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Flat Steel Market Share

Report ID: GMI2378
Published Date: Oct 2024
Report Format: PDF

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Flat Steel Market Share

Companies include, Linde POSCO has significantly advanced the flat steel industry through its innovative production techniques and commitment to sustainability, focusing on high-strength steel for automotive applications. Nippon Steel & Sumitomo Metal Corporation (NSSMC) excels in developing advanced flat steel products, particularly for construction and infrastructure, leveraging cutting-edge technology to enhance product quality.

ArcelorMittal, as one of the largest steel producers globally, plays a crucial role by providing a diverse range of flat steel products, catering to industries like automotive, construction, and packaging, while emphasizing sustainability in its operations. Thyssenkrupp is notable for its emphasis on high-performance flat steel solutions, particularly for the automotive sector, and is investing in digitalization to improve manufacturing processes.

China Steel Corporation is a key player in the Asian market, supplying flat steel products that support various industries, including energy and construction, while continuously enhancing its production capabilities to meet growing demand.

Flat Steel Market Companies

Major players operating in the flat steel industry are:

Allegheny Technologies (ATI)
ArcelorMittal
China Steel Corporation
Essar Steel
Gerdau S.A.
Hyundai Steel Co., Ltd.
Nucor Corporation
Nippon Steel & Sumitomo Metal Corporation (NSSMC)
POSCO
Severstal JSC
Thyssenkrupp AG
Tata Steel Limited
Voestalpine Group
Wuhan Iron & Steel Corporation (WISCO)

Authors: Kiran Pulidindi , Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for flat steel was valued at USD 522 billion in 2023 and is expected to reach USD 992.2 billion by 2032, driven by a CAGR of over 5.9% from 2024 to 2032.

The building & infrastructure segment held a 55.3% market share in 2023, amounting to USD 289.1 billion, and is projected to grow at a 6% CAGR from 2024 to 2032, driven by ongoing urbanization and infrastructure projects.

U.S. industry is projected to achieve USD 69.1 billion by 2032, driven by a CAGR of 4.8% from 2024 to 2032, influenced by economic and technological factors.

Major players in the industry include Allegheny Technologies (ATI), ArcelorMittal, China Steel Corporation, Essar Steel, Gerdau S.A., Hyundai Steel Co., Ltd., and Nucor Corporation.