Global High Strength Steel Market – Analysis and Forecast to 2024 | Baosteel Group Cororation, JSW S

by Pooja Karn Research Analytics

High strength steel is majorly used for structural applications and is also known as structural steels. It can be produced using or without using small amount of micro alloying elements. The tensile strength and hardness of this steel requires high wear resistance and chipping resistance tooling materials. The tempered and quenched steel are combined to form high strength and tough steel that are used in variety of applications in different industries. The global high strength steel is witnessing a good growth in the market, owing to its properties. Some of the quality of this steel includes high strength, high versatility, and formability. This type of steel is typically used in applications where high durability is required.

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Geographic Overview
Globally, Asia-Pacific is the largest producer and consumer of steel in the world and thus dominating the high strength steel market. Developing countries such as China, India, Taiwan, and others are contributing significantly towards the increasing demand of this type of steel due to the expanding automobile industry and rapid industrialization. European market is expected to witness the fastest growth in the coming years, which will provide lucrative growth opportunities to the industry players.

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Competitive Insight
Wuhan Iron and Steel Corporation, Tata Steels Limited, United States Steel Corporation, China Steel Corporation, SSAB, Novolipetsk Steel, Shandong Iron and Steel Group, JFE Steel Corporation, Hebei Puyong Steel Group, Baosteel Group Cororation, JSW Steel, and Metinvest Holding LLC are some of the major players operating in the high strength steel market.

Geographical Segmentation

Global High Strength Steel Market by Region

North America

• U.S.
• Canada

Europe

• Germany
• U.K.
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific

• Japan
• China
• India
• Taiwan
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Argentina
• Mexico
• Rest of Latin America

Middle East and Africa

• UAE
• South Africa
• Qatar
• Saudi Arabia
• Rest of Middle East and Africa

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Created on Jan 19th 2019 05:57. Viewed 351 times.

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