Narrow, flat-rolled steel products with rectangular shape
Market Overview
High strength and corrosion resistance
Produced through hot and cold rolling processes
Critical component in various manufacturing sectors
Market Value & Growth Projections
Market Statistics: Current Market Size (2023): USD 4,350 million Projected Market Size (2032): USD 7,287.07 million Compound Annual Growth Rate
Key Market Drivers: Increasing urbanization and infrastructure development Growth in automotive and transportation industries
Rising demand for lightweight materials
Technological advancements in steel manufacturing
Market Segmentation
By Type
Hot-rolled Strip
Cold-rolled Strip
Galvanized Strip
Other Variants
By Application
Building and Infrastructure
Mechanical Equipment
Automotive and Transport
Packaging Industry
Other Applications
ArcelorMittal
Key Market Players
Tata Steel
Shougang Group
SSAB AB
Regional Market Analysis
North America:
Market Size (2023): USD 1,251.03 million; CAGR: 5.06%; Strong demand in infrastructure and automotive
Europe: Key countries: Germany, UK, France; Steady market growth;
Focus on packaging and infrastructure
Asia-Pacific: Fastest-growing region; Led by China, Japan, South Korea; Significant infrastructure and automotive projects
Middle East & Africa: Emerging market opportunities
South & Central America:
Growing infrastructure development
