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Tuesday, March 31, 2020
All You Need To Know About Coated Steel Market
The coated steel industry is witnessing moderate growth because of demand from end-use industries. Coated steel is largely used in building & construction and appliances industries.
Research Methodology -
It also provides a detailed qualitative and quantitative analysis of the coated steel market. Various secondary sources such as directories, industry journals, and databases have been used to identify and collect information useful for this extensive commercial study of the coated steel market. Primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as to assess prospects of the coated steel market.
Key market players in coated steel market -
The key players in this market are ArcelorMittal S.A. (Luxembourg), SSAB AB (Sweden), Salzgitter AG (Germany), OJSC Novolipetsk Steel (NLMK) (Russia), Voestalpine AG (Austria), OJSC Magnitogorsk Iron & Steel Works (MMK) (Russia), ThyssenKrupp AG (Germany), Nippon Steel & Sumitomo Metal Corporation (Japan), United States Steel (U.S.), Essar Steel Ltd. (India), Tata Steel Ltd. (India), Lysvenskii Metallurgicheskii Zavod Zao (Russia), and Jindal Steel & Power Ltd. (India), and others.
Growing demand from end-use industries is driving the demand for coated steel
The growth of the downstream industries is the key driving force for the coated steel market. For example, in the refrigerator market, the sales in the Asia-Pacific region have witnessed a steady growth in the past few years. China and India are the key production hubs of refrigerators due to huge domestic demand and low production costs. The great demand from such end-use industry has driven the market for coated steel. The increasing potential to spend on upgrades for kitchens, roofing, and basic home improvements and additions most of which include steel coated products are driving the coated steel market.
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