Title: Flat Steel Market Global Industry Trends, Growth Forecast Report By 2020-2026
1 Flat Steel Market to register commendable
proceeds during 20202026
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2Global Market Scenario of Flat Steel Industry
- Rapid technological advancements are mainly
expected to propel flat steel market share over
the forecast spell. The demand for flat steel
products has witnessed a significant upsurge from
various industrial sectors including automotive,
transport networks building infrastructure, and
more, which is likely to enhance industry
penetration. - Flat steel is available in the form of both steel
plates and sheets. These products are
predominantly rolled from slabs, which are
semi-finished products. Flat steel products
demonstrate high application potential across
industries ranging from shipbuilding to
construction, to domestic appliances and
agriculture, among others. - With regards to the product spectrum, the flat
steel industry is bifurcated into hot rolled flat
sheets, tin plates, metallic coated strips
sheets and non-metallic coated strips sheets,
among others. Of these, the non-metallic coated
sheet strip product segment is poised to accrue
significant gains over the projected timeline,
given the products superior aesthetic and
adhesion properties.
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3Continue-
- Meanwhile, the tin plates segment is anticipated
to depict an appreciable CAGR of over 3 through
2026. Tin plates are a form of low-carbon light
gauge cold-reduced sheets or strips of steel,
coated on both sides with commercially pure tin.
Tin plates possess the combined benefits of steel
such as strength and formability, as well as tin,
including corrosion resistance, luster and
weldability. - In 2019, JSW Steel, JSW Group flagship
organization, introduced a new brand for its tin
coated product portfolio, dubbed JSW Platina, one
of the first continuous annealed tinplate
products in India. The product demonstrates high
product uniformity and facilitates higher
manufacturing speeds to enhance productivity and
mitigate reduction rates. - Tin coatings are used extensively in packaging
applications, automotive components such as oil
filters, brake line tubes and engine gaskets, and
also provide sophisticated printing surfaces.
These products are aesthetically appealing, and
possess several beneficial characteristics
including lubricant tendencies and low melting
point.
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5360 Industry Analysis
- On the regional front, the flourishing automotive
industry in the Middle Easy Africa region, and
the subsequent surge in automobile manufacturing
is expected to foster flat steel market demand
over the years. -
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6- Competitive Analysis
- Prominent players contributing towards the global
industry share are POSCO, Nippon Steel Sumitomo
Corporation, ArcelorMittal, Tata Steel, Hyundai
Steel, Essar Steel, Thyssenkrupp AG, China Steel
Corporation, Voestalpine Group, Gerdau S.A.,
Nucor Corporation, Severstal JSC, Allegheny
Technologies, Wuhan Iron and Steel Corporation
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