REPORT DESCRIPTION
Steel flat rolled products are made of steel and these products have flat surfaces instead of grooved
faces. These products include cold rolled coil, hot rolled coils, slab, and coated steel products among
others. With the help of melting, steel flat rolled products are manufactured and these products have
their extensive applications in automotive, construction, packaging and heavy machinery industries. Zinc
coating is applied with steel to prevent it from any kind of corrosion. Steel flat rolled product market
witness growing demand in coming years.
With the rising population base coupled with increasing disposable income, global steel flat rolled
product market experience growing demand overtime. Emerging economies such as China, India and
South Korea have witnessed significant economic growth rate and that high growth rate is translated into
infrastructural development. With the growing base of infrastructure, demand for steel flat rolled products
is likely to increase overtime. Industrialization based economic growth has been a growth strategy for
many economies including advanced and emerging economies. Higher concentration of industries in
these economies spur the demand for steel flat rolled products thus projecting higher growth trajectory
for this market. Real estate industry is a booming sector in these economies and use of steel flat rolled
products in residential and non-residential buildings accelerate the growth prospect of this market during
the forecast period.
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Steel is an expensive material and this factor limits its uses. Hence, contractors switch their preference
from steel flat rolled products to other type of products. Moreover, when steel is exposed to environment,
this can lead to corrosion and that adversely impacts the life time of these steel products. These factors
limit the use of steel in construction industry thus hindering the market prospect of this products in
coming years.
With the rising vehicular population, market for steel flat rolled products is expected to witness growing
market share overtime. Coated steel have increasing application for making the structural parts of cars