Surat Samachar

ArcelorMittal (Luxembourg) and POSCO (South Korea) are the Key Players in the Flat Steel Market

 Breaking News
  • No posts were found

ArcelorMittal (Luxembourg) and POSCO (South Korea) are the Key Players in the Flat Steel Market

May 14
20:20 2020
ArcelorMittal (Luxembourg) and POSCO (South Korea) are the Key Players in the Flat Steel Market

Browse 127 market data Tables and 47 Figures spread through 165 Pages and in-depth TOC on “Flat Steel Market”
Flat Steel Market by Process (Basic Oxygen Furnace, Electric Arc Furnace), Type (Sheets & Strips, Plates), End-Use Sector (Building & Infrastructure, Mechanical Equipment, Automotive & Other Transport), Region

The flat steel market is estimated at USD 434.8 billion in 2019 and is projected to reach USD 580.2 billion by 2024, at a CAGR of 5.9% from 2019 to 2024. The growing demand for flat steel products has led to significant developments in the flat steel market. The increasing urbanization and industrialization in emerging economies drive the flat steel market across the globe.

ArcelorMittal (Luxembourg), Nippon Steel & Sumitomo Metal Corporation (Japan), Tata Steel (India), POSCO (South Korea), China Baowu Steel Group Corporation Limited (China), Shougang Group Co., Ltd., (China), SSAB AB (Sweden), JFE Steel Corporation (Japan), HBIS Group (China), ThyssenKrupp AG (Germany), and Voestalpine Group (Austria) are key players in the flat steel market. These companies are investing in plant capacity expansions, new product development, agreements, collaborations, expansions & investments, acquisitions, and partnerships. They also have the potential to broaden their product portfolios and compete with other key market players.

To know about the assumptions considered for the study download the pdf brochure

ArcelorMittal (Luxembourg) is a leading player in the flat steel market. It manufactures a wide range of high-quality finished and semi-finished steel products. ArcelorMittal sells its products to a diverse range of customers across the globe. The company serves a wide range of end-use industries such as automotive, construction, domestic appliances, energy, transport, and packaging. ArcelorMittal adopted several growth strategies such as joint ventures & acquisitions, expansions, agreements, contracts, and collaborations to expand its presence in the market. For instance, in December 2019, ArcelorMittal announced the acquisition of Essar Steel India Limited, (ESIL), a fully integrated flat carbon steel manufacturer located in Gujarat, India. The company simultaneously formed a joint venture with Nippon Steel Corporation, called ArcelorMittal Nippon Steel India Limited, which will own and operate ESIL. This acquisition will help the company strengthen its market presence in India.

POSCO (South Korea) is the largest fully integrated steel producer in South Korea, and one of the largest steel producers in the world, based on annual crude steel production. The company’s steel segment engages in the manufacturing and sale of hot rolled steel, steel plates, cold rolled steel, galvanized steel, electrical galvanized steel, electrical steel, automotive material, titanium, magnesium, wire rods, stainless steel, and aluminum-plated products.  In November 2019, POSCO launched INNOVILT, a premium brand of steel products for the construction industry. The product is built to enhance the standard of steel products for construction. This has also led the company to expand its product portfolio to serve several applications

Request for sample report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=110723589

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/flat-steel-market-110723589.html

Related Articles