Newark, Jan. 18, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the USD 500 billion in 2022 global flat steel market will reach USD 895.42 billion in 2032. Products made of steel that are produced as flat sheets or plates are referred to as flat steel. Iron makes up most of flat steel, with trace amounts of carbon and other alloying materials added to improve certain qualities. Melting iron ore, casting it into slabs, and either hot or cold rolling are the steps in the production process. Hot-rolled, cold-rolled, and coated steel are the three primary varieties. Because of its mechanical qualities and adaptability, flat steel is essential to many different sectors. It is utilized for structural elements in buildings, including roofs and beams. Flat steel is used in body panels and structural elements for automobiles, and it is also used in shipbuilding, infrastructure projects, and home appliances. Flat steel has several advantages, including strength, durability, and recyclability. Coated versions provide improved resistance to corrosion, extending the life of objects and buildings. Furthermore, steel’s recyclability reduces environmental effects and aligns with sustainability standards.
• Tata Steel Limited
• POSCO
• Outokumpu
• NUCOR
• NIPPON STEEL CORPORATION
• JFE Steel Corporation
• HBIS Group
• Baosteel Group
• ArcelorMittal
• Cold Rolled Coil (CRC)
• Sheets
• Others
• Automotive & Transportation
• Mechanical Equipment
• Others
• Europe (Germany, France, the UK, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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(GlobeNewsWire)