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Flat Steel Market Size

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Report ID: 6203
Published Date: Nov 15, 2024
Report Format: PDF, PPT

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Flat Steel Market Size

Flat Steel Market size was over USD 530.69 billion in 2024 and is poised to exceed USD 905.99 billion by 2037, growing at over 4.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of flat steel is evaluated at USD 548.52 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.

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Flat Steel Market Size & Share, Growth Forecasts 2037

Author Credits: Rajrani Baghel

Report ID: 6203
Published Date: Nov 15, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of flat steel is evaluated at USD 548.52 billion.

The flat steel market size was over USD 530.69 billion in 2024 and is poised to exceed USD 905.99 billion by 2037, growing at over 4.2% CAGR during the forecast period i.e., between 2025-2037. The rising demand for steel will drive the market growth.

Asia Pacific industry is likely to hold largest revenue share of 61% by 2037, due to growing food and beverage industry in the region.

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.

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