Industry Statistics

Flat Steel Market: Supply, Production, Demand Analysis By Type: Sheets & Strips, Plates; Demand Analysis By Application: Building and Infrastructure, Automotive and Other Transports, Mechanical Equipment, Others; Supply Demand Gap By Region; Growth Opportunities and Strategic Analysis; Competitive Landscape; 2024-2032

Name: Flat Steel Market Outlook, Supply, Demand Analysis | 2032
Creator: Claight Corporation - Expert Market Research
License: https://www.expertmarketresearch.com/privacy-policy
Keywords: Flat Steel Market

Flat Steel Market

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.

Global Supply/Demand Outlook

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.

Regional Market Analysis

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.

Key Market Players

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.

Key Questions Answered in the Report:

What are the high-growth opportunities and markets for flat steel by application and region?

What are the types of flat steel available by region?

Which segments and regions are projected to grow at a faster pace and why in the flat steel market?

What is the nameplate capacity of flat steel by region from 2018 to 2032?

How does the plant capacity utilisation of flat steel vary by region between 2018 and 2032?

Who are the major players in the flat steel market by capacity and region?

What major plant shutdowns and expansions have occurred in the flat steel market in the last year and the last quarter?

What major plant shutdowns and expansions are planned in the flat steel market over the next year and quarters?

How did export and import dynamics of flat steel vary by region in terms of value between 2018 and 2023?

How did export and import dynamics of flat steel vary by region in terms of volume between 2018 and 2023?

What impacts have shutdowns, force majeure events, and plant closures had on demand and pricing of flat steel?

What are the environmental considerations and regulatory impacts affecting the flat steel market?

What technological innovations are having an impact on the production and application of flat steel?

What are the key trends and innovations in the flat steel market?

What are the challenges and opportunities faced by flat steel manufacturers?

What are the potential risks and barriers to entry for new players in the flat steel market?

What strategic investments and expansions have major players made in the flat steel market?

How are geopolitical factors and international trade policies affecting the global flat steel market?

What are the price trends for flat steel, and how are they expected to change?

How does the supply chain of flat steel operate, and what are its key components?

*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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