Global Steel Flat-rolled Products Market to grow at a CAGR of 1.92% during the period 2016 - 2020; Finds New Report

Report forecast the global steel flat-rolled products market to grow at a CAGR of 1.92% by production during the period 2016-2020.

Flat-rolled products are made by rolling slabs on hot strip mills. These hot-rolled products are used for manufacturing cold-rolled products by further reducing the thickness without heat. The different forms of flat-rolled products are coils, sheets, strips, and plates. Flat-rolled products are widely used in many industries such as transportation, construction, packaging, and shipbuilding. Cold-rolled steels are ideal for applications such as electrical components, domestic appliances, and automobile manufacturing. These have excellent electromagnetic properties, forming properties, weldability, and printability.

The report covers the present scenario and the growth prospects of the global steel flat-rolled products market for 2016-2020.

The market is divided into the following segments based on geography:

• Americas
• APAC
• Europe
• MEA

According to the report, a key market driver is the industrialization and development in the APAC region. APAC is the largest and strongest growing market for steel flat-rolled products worldwide. The rapid increase in industrialization and development in China, India, and South Korea is the primary demand driver for steel flat-rolled products in this region. For instance, the construction market in China is expected to rise to $2.49 trillion by 2019. The construction market is expected to grow at a CAGR of 12.14% during the forecast period. Steel flat rolled products are widely used in applications such as internal walls, cladding, and purlins. Growth in the construction market will translate into demand for steel flat-rolled products.

Further, the report states that fluctuating raw material prices can impede market growth during the forecast period.

Global Steel Flat-Rolled Products Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Steel Flat-Rolled Products Market: JFE Steel, NSSMC, POSCO, Shanghai Baosteel Group, and United States Steel.

Other Prominent Vendors in the market are: AK Steel, Ansteel, Hebei Iron and Steel, Jiangsu Shagang Group, and Nucor.

Market driver

• Industrialization and development in APAC
• For a full, detailed list, view our report

Market challenge

• Fluctuating raw material prices
• For a full, detailed list, view our report

Market trend

• Use of steel as a sustainable material
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 96 pages and 73 Exhibit “Global Steel Rolled Products Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by type, Segmentation by end-user, Segmentation by geography, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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