Industry Statistics
Industry Statistics
Flat steel, which is known for its uniform thickness, straight edges, and smooth surfaces, is obtained from the process of hot rolling. While hot-rolled flat steel is extensively used in the construction sector for its durability, cold-rolled flat steel is used to manufacture electrical equipment and various home appliances. It also finds increasing applications in the automotive industry.
The global flat steel market stood at a volume of around 729,000 KT in 2023. The market is estimated to grow at a CAGR of 2.70% between 2024 and 2032 to reach a volume of about 927,440 KT by 2032. The market is primarily driven by the growing demand from the building and construction sector, which forms the leading application of the product. Flat steel is a key component in various building and construction applications, and the increasing investment in infrastructure development is expected to further increase the consumption of flat steel in the sector. Meanwhile, in the automotive sector, flat steel's high strength and dent resistance make it ideal for exterior and interior applications. Despite the growing use of substitutes like aluminium, flat steel remains crucial for manufacturing key automotive parts such as frames and guards due to its affordability, high strength, durability, and versatility.
The global capacity of flat steel was about 900,000 KT in the year 2023. It is estimated to reach 1,070,000 KT by 2032. The plant capacity utilization of flat steel stood at 82% in 2023.
In terms of consumption, the Asia Pacific dominates the global flat steel market, accounting for 65% of the total market value. The factors like rapid urbanization and subsequent rise in construction activities, increasing automotive production, and favorable government policies supporting the manufacturing sector in countries like India and China, contribute to the growing demand for flat steel in the Asia Pacific. The region is followed by North America as another significant market for the product.
The leading producers of flat steel globally are ArcelorMittal, Baowu Steel, Hyundai Steel Co., Nippon Steel & Sumitomo Metal Corporation, SAIL, and Tata Steel LTD.
ArcelorMittal, one of the largest steel producers globally, offers a wide range of flat rolled steel products, encompassing higher value-added products. It is the leading integrated steel producer in the western part of India, being one of only four primary domestic flat steel manufacturers.
In Europe, ArcelorMittal Europe- Flat Products dominates the production of flat steel, offering a variety of products including hot and cold rolled coils, tinplate, coated products, hot-dip galvanised, and enameled and electrical steels.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Key Assumptions
4 Global Flat Steel Market Analysis, In Volume (Thousand Tonnes)
4.1 Global Flat Steel Historical Market (2018-2023)
4.2 Global Flat Steel Market Forecast (2024-2032)
4.3 Global Flat Steel Market Supply Analysis, By Type
4.3.1 Sheets & Strips
4.3.1.1 Company Wise Name Plate Capacity (2018-2032)
4.3.2 Plates
4.3.2.1 Company Wise Name Plate Capacity (2018-2032)
4.4 Global Flat Steel Market Production Analysis, By Type
4.4.1 Sheets & Strips
4.4.1.1 Production (2018-2032)
4.4.2 Plates
4.4.2.1 Production (2018-2032)
4.5 Global Flat Steel Market Demand Analysis, By Type
4.5.1 Sheets & Strips
4.5.1.1 Demand Analysis and Forecast (2018-2032)
4.5.2 Plates
4.5.2.1 Demand Analysis and Forecast (2018-2032)
4.6 Global Flat Steel Market Demand Analysis, by Application
4.6.1 Building and Infrastructure
4.6.1.1 Demand Analysis and Forecast (2018-2032)
4.6.2 Automotive and Other Transports
4.6.2.1 Demand Analysis and Forecast (2018-2032)
4.6.3 Mechanical Equipment
4.6.3.1 Demand Analysis and Forecast (2018-2032)
4.6.4 Others
4.7 Global Flat Steel Market by Region
4.7.1 North America
4.7.1.1 Demand Analysis and Forecast (2018-2032)
4.7.1.2 Market By Type (2018-2032)
4.7.1.3 Market by Application (2018-2032)
4.7.2 Europe
4.7.2.1 Demand Analysis and Forecast (2018-2032)
4.7.2.2 Market By Type (2018-2032)
4.7.2.3 Market by Application (2018-2032)
4.7.3 Asia Pacific
4.7.3.1 Demand Analysis and Forecast (2018-2032)
4.7.3.2 Market By Type (2018-2032)
4.7.3.3 Market by Application (2018-2032)
4.7.4 Latin America
4.7.4.1 Demand Analysis and Forecast (2018-2032)
4.7.4.2 Market By Type (2018-2032)
4.7.4.3 Market by Application (2018-2032)
4.7.5 Middle East and Africa
4.7.5.1 Demand Analysis and Forecast (2018-2032)
4.7.5.2 Market By Type (2018-2032)
4.7.5.3 Market by Application (2018-2032)
4.8 Global Flat Steel Supply Demand Gap, By Region
4.8.1 North America
4.8.1.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.2 Europe
4.8.2.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.3 Asia Pacific
4.8.3.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.4 Latin America
4.8.4.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
4.8.5 Middle East and Africa
4.8.5.1 Demand-Supply Gap Analysis and Forecast (2018-2032)
5 North America Flat Steel Market Analysis
5.1 United States of America
5.1.1 Demand Analysis and Forecast (2018-2032)
5.1.2 Demand Supply Gap
5.2 Canada
5.2.1 Demand Analysis and Forecast (2018-2032)
5.2.2 Demand Supply Gap
6 Europe Flat Steel Market Analysis
6.1 Germany
6.1.1 Demand Analysis and Forecast (2018-2032)
6.1.2 Demand Supply Gap
6.2 UK
6.2.1 Demand Analysis and Forecast (2018-2032)
6.2.2 Demand Supply Gap
6.3 France
6.3.1 Demand Analysis and Forecast (2018-2032)
6.3.2 Demand Supply Gap
6.4 Italy
6.4.1 Demand Analysis and Forecast (2018-2032)
6.4.2 Demand Supply Gap
6.5 Spain
6.5.1 Demand Analysis and Forecast (2018-2032)
6.5.2 Demand Supply Gap
6.6 Others
7 Asia Pacific Flat Steel Market Analysis
7.1 China
7.1.1 Demand Analysis and Forecast (2018-2032)
7.1.2 Demand Supply Gap
7.2 Japan
7.2.1 Demand Analysis and Forecast (2018-2032)
7.2.2 Demand Supply Gap
7.3 India
7.3.1 Demand Analysis and Forecast (2018-2032)
7.3.2 Demand Supply Gap
7.4 South Korea
7.4.1 Demand Analysis and Forecast (2018-2032)
7.4.2 Demand Supply Gap
7.5 ASEAN
7.5.1 Demand Analysis and Forecast (2018-2032)
7.5.2 Demand Supply Gap
7.6 Australia
7.6.1 Demand Analysis and Forecast (2018-2032)
7.6.2 Demand Supply Gap
7.7 Others
8 Latin America Flat Steel Market Analysis
8.1 Brazil
8.1.1 Demand Analysis and Forecast (2018-2032)
8.1.2 Demand Supply Gap
8.2 Argentina
8.2.1 Demand Analysis and Forecast (2018-2032)
8.2.2 Demand Supply Gap
8.3 Mexico
8.3.1 Demand Analysis and Forecast (2018-2032)
8.3.2 Demand Supply Gap
8.4 Others
9 Middle East and Africa Flat Steel Market Analysis
9.1 Saudi Arabia
9.1.1 Demand Analysis and Forecast (2018-2032)
9.1.2 Demand Supply Gap
9.2 United Arab Emirates
9.2.1 Demand Analysis and Forecast (2018-2032)
9.2.2 Demand Supply Gap
9.3 Nigeria
9.3.1 Demand Analysis and Forecast (2018-2032)
9.3.2 Demand Supply Gap
9.4 South Africa
9.4.1 Demand Analysis and Forecast (2018-2032)
9.4.2 Demand Supply Gap
9.5 Others
10 Growth Opportunities and Strategic Analysis
10.1 Supply Chain Analysis and Its Component
10.2 Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in the Last One Year and the Last one Quarter
10.3 Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in Next One Year and the Next one
10.4 Impact Analysis in Price and Demand after Force Majeure Events, and Plant Closures
10.5 Environmental Considerations and Government Regulations
10.6 Technology Innovation and Its Impact on Production and Application
10.7 Challenges and Opportunities Faced by Existing Manufacturers
10.8 Potential Risks and Barriers to Entry for New Players
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 ArcelorMittal S.A.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio and Major Grades
11.2.1.3 Capacity by Location
11.2.1.4 Expansion Plan
11.2.1.5 Major Consumers
11.2.1.6 Revenue from POI
11.2.1.7 Technological Innovation and Sustainability
11.2.2 Nippon Steel & Sumitomo Metal Corporation
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio and Major Grades
11.2.2.3 Capacity by Location
11.2.2.4 Expansion Plan
11.2.2.5 Major Consumers
11.2.2.6 Revenue from POI
11.2.2.7 Technological Innovation and Sustainability
11.2.3 Baowu Steel
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio and Major Grades
11.2.3.3 Capacity by Location
11.2.3.4 Expansion Plan
11.2.3.5 Major Consumers
11.2.3.6 Revenue from POI
11.2.3.7 Technological Innovation and Sustainability
11.2.4 Tata Steel Ltd.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio and Major Grades
11.2.4.3 Capacity by Location
11.2.4.4 Expansion Plan
11.2.4.5 Major Consumers
11.2.4.6 Revenue from POI
11.2.4.7 Technological Innovation and Sustainability
11.2.5 SAIL
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio and Major Grades
11.2.5.3 Capacity by Location
11.2.5.4 Expansion Plan
11.2.5.5 Major Consumers
11.2.5.6 Revenue from POI
11.2.5.7 Technological Innovation and Sustainability
11.2.6 Hyundai Steel Co.
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio and Major Grades
11.2.6.3 Capacity by Location
11.2.6.4 Expansion Plan
11.2.6.5 Major Consumers
11.2.6.6 Revenue from POI
11.2.6.7 Technological Innovation and Sustainability
11.2.7 POSCO
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio and Major Grades
11.2.7.3 Capacity by Location
11.2.7.4 Expansion Plan
11.2.7.5 Major Consumers
11.2.7.6 Revenue from POI
11.2.7.7 Technological Innovation and Sustainability
11.2.8 SSAB AB
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio and Major Grades
11.2.8.3 Capacity by Location
11.2.8.4 Expansion Plan
11.2.8.5 Major Consumers
11.2.8.6 Revenue from POI
11.2.8.7 Technological Innovation and Sustainability
11.2.9 JFE Steel Corporation
11.2.9.1 Company Overview
11.2.9.2 Product Portfolio and Major Grades
11.2.9.3 Capacity by Location
11.2.9.4 Expansion Plan
11.2.9.5 Major Consumers
11.2.9.6 Revenue from POI
11.2.9.7 Technological Innovation and Sustainability
11.2.10 ThryssenKrup AG
11.2.10.1 Company Overview
11.2.10.2 Product Portfolio and Major Grades
11.2.10.3 Capacity by Location
11.2.10.4 Expansion Plan
11.2.10.5 Major Consumers
11.2.10.6 Revenue from POI
11.2.10.7 Technological Innovation and Sustainability
11.2.11 Voestalpine AG
11.2.11.1 Company Overview
11.2.11.2 Product Portfolio and Major Grades
11.2.11.3 Capacity by Location
11.2.11.4 Expansion Plan
11.2.11.5 Major Consumers
11.2.11.6 Revenue from POI
11.2.11.7 Technological Innovation and Sustainability
11.2.12 Shougang Group Co., Ltd.
11.2.12.1 Company Overview
11.2.12.2 Product Portfolio and Major Grades
11.2.12.3 Capacity by Location
11.2.12.4 Expansion Plan
11.2.12.5 Major Consumers
11.2.12.6 Revenue from POI
11.2.12.7 Technological Innovation and Sustainability
11.2.13 HBIS Group
11.2.13.1 Company Overview
11.2.13.2 Product Portfolio and Major Grades
11.2.13.3 Capacity by Location
11.2.13.4 Expansion Plan
11.2.13.5 Major Consumers
11.2.13.6 Revenue from POI
11.2.13.7 Technological Innovation and Sustainability
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Flat Steel Market Key Industry Highlights, 2018 and 2032
2. Global Flat Steel Market Supply Analysis: Breakup By Type (Thousand Tonnes), 2018-2032
3. Global Flat Steel Market Production Analysis: Breakup By Type (Thousand Tonnes), 2018-2032
4. Global Flat Steel Market Demand Analysis: Breakup By Type (Thousand Tonnes), 2018-2032
5. Global Flat Steel Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
6. Global Flat Steel Market Demand Analysis: Breakup by Region (Thousand Tonnes), 2018-2032
7. Global Flat Steel Market Supply Demand Gap: Breakup by Region (Thousand Tonnes), 2018-2032
8. North America Flat Steel Market Demand Analysis: Breakup By Type (Thousand Tonnes), 2018-2032
9. North America Flat Steel Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
10. North America Flat Steel Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
11. North America Flat Steel Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
12. Europe Flat Steel Market Demand Analysis: Breakup By Type (Thousand Tonnes), 2018-2032
13. Europe Flat Steel Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
14. Europe Flat Steel Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
15. Europe Flat Steel Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
16. Asia Pacific Flat Steel Market Demand Analysis: Breakup By Type (Thousand Tonnes), 2018-2032
17. Asia Pacific Flat Steel Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
18. Asia Pacific Flat Steel Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
19. Asia Pacific Flat Steel Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
20. Latin America Flat Steel Market Demand Analysis: Breakup By Type (Thousand Tonnes), 2018-2032
21. Latin America Flat Steel Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
22. Latin America Flat Steel Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
23. Latin America Flat Steel Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
24. Middle East and Africa Flat Steel Market Demand Analysis: Breakup By Type (Thousand Tonnes), 2018-2032
25. Middle East and Africa Flat Steel Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
26. Middle East and Africa Flat Steel Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
27. Middle East and Africa Flat Steel Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
28. Global Flat Steel Market Structure
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