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Flat Steel Market Size

  • Report ID: 6203
  • Published Date: Jun 14, 2024
  • Report Format: PDF, PPT

Flat Steel Market Size

Flat Steel Market size was over USD 484.5 Billion in 2023 and is poised to exceed USD 984.2 Billion by the end of 2036, witnessing over 5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of flat steel is estimated at USD 517 Billion.

The rising demand for steel is believed to drive this market expansion. As a result, demand for flat steel goods that are stronger and thicker would likely rise and be used in demanding applications where high strength and load-bearing capacity are necessary. As per the World Steel Association, the demand for steel increased by 2.2% in 2023 to reach 1 881.4 Mt.

Flat Steel Market Overview
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Author Credits:  Rajrani Baghel


  • Report ID: 6203
  • Published Date: Jun 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of flat steel was over USD 484.5 billion.

The market size for flat steel is projected to cross USD 984.2 billion by the end of 2036 expanding at a CAGR of 5% during the forecast period i.e., between 2024-2036.

The major players in the market are ArcelorMittal, Baosteel Group, Ezz Steel, HBIS Group, Nucor Corporation, POSCO, Tata Steel Limited, ThyssenKrupp AG, United States Steel Corporation, and others.

In terms of end-use, the building & construction segment is anticipated to account for the largest market share of 80% during 2024-2036.

The Asia Pacific flat steel sector is poised to hold the highest share of 61% by 2036.
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