China Flat Steel Market Size & Outlook, 2022-2030
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China flat steel market highlights
- The China flat steel market generated a revenue of USD 342,441.0 million in 2022 and is expected to reach USD 438,779.1 million by 2030.
- The China market is expected to grow at a CAGR of 3.1% from 2023 to 2030.
- In terms of segment, plates was the largest revenue generating product in 2022.
- Plates is the most lucrative product segment registering the fastest growth during the forecast period.
Flat steel market data book summary
| Market revenue in 2022 | USD 342,441.0 million |
| Market revenue in 2030 | USD 438,779.1 million |
| Growth rate | 3.1% (CAGR from 2022 to 2030) |
| Largest segment | Plates |
| Fastest growing segment | Plates |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sheets & Coils, Plates |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, BAOSTEEL, JFE Holdings Inc, Nippon Steel Corp, Nucor Corp, Outokumpu Oyj Class A, POSCO Holdings Inc ADR, Tata Steel Ltd GDR - 144A, Thyssenkrupp AG, United States Steel Corp, Voestalpine AG, Ezz Steel, HBIS |
Other key industry trends
- In terms of revenue, China accounted for 42.0% of the global flat steel market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China flat steel market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 67,870.6 million by 2030.
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Flat Steel Market Scope
Flat Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| HBIS | View profile | 51-100 | Waxahachie, Texas, United States, North America | https://www.hbisonline.com |
| Ezz Steel | View profile | 5001-10000 | Garden City, Al Qahirah, Egypt, Africa | http://www.ezzsteel.com |
| Voestalpine AG | View profile | 50712 | Voestalpine-Strasse 1, Linz, Austria, 4020 | https://www.voestalpine.com |
| United States Steel Corp | View profile | 21803 | 600 Grant Street, Pittsburgh, PA, United States, 15219-2800 | https://www.ussteel.com |
| BAOSTEEL | View profile | 10001+ | Shanghai, Shanghai, China, Asia | http://www.baosteel.com/group_en/ |
| Outokumpu Oyj Class A | View profile | 8776 | Salmisaarenranta 11, Helsinki, Finland, FI-00180 | https://www.outokumpu.com |
| Thyssenkrupp AG | View profile | 100202 | ThyssenKrupp Allee 1, Essen, NW, Germany, 45143 | https://www.thyssenkrupp.com |
| POSCO Holdings Inc ADR | View profile | 44501 | POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, Republic of, 06194 | https://www.posco.co.kr |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
| JFE Holdings Inc | View profile | 44469 | 2-2-3 Uchisaiwaicho, Chiyoda-ku, Tokyo, Japan, 100-0011 | http://www.jfe-holdings.co.jp |
| ArcelorMittal SA Depository Receipt | View profile | 126756 | 24-26, Boulevard d’Avranches, Luxembourg, Luxembourg, L-1160 | http://www.arcelormittal.com |
| Nucor Corp | View profile | 32000 | 1915 Rexford Road, Charlotte, NC, United States, 28211 | https://www.nucor.com |
| Tata Steel Ltd GDR - 144A | View profile | 73496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | https://www.tatasteel.com |
China flat steel market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flat steel market will help companies and investors design strategic landscapes.
Plates was the largest segment with a revenue share of 67.48% in 2022. Horizon Databook has segmented the China flat steel market based on sheets & coils, plates covering the revenue growth of each sub-segment from 2018 to 2030.
China is the largest producer of steel it is considered as the steel giant. Higher birth rates coupled with rising disposable income and growing end used industries is expected to propel the market demand for flat steel products in the region.
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Our clientele includes a mix of flat steel market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China flat steel market , including forecasts for subscribers. This country databook contains high-level insights into China flat steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China flat steel market size, by end-use, 2018-2030 (US$M)
China Flat Steel Market Outlook Share, 2022 & 2030 (US$M)
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