Rolled And Drawn Steel Market Analysis: Major Players, Lucrative Segments And Top Geographies
6 Jul, 2023
The global rolled and drawn steel market size is expected to grow from $238.01 billion in 2022 to $256.52 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many markets across the globe. The global rolled and drawn steel market size is expected to reach $328.54 billion in 2027 at a CAGR of 6.4%.
Global Rolled And Drawn Steel Market Key Driver
The expanding worldwide automotive sector is projected to boost the rolled and drawn steel market forward in the approaching years. The developing automotive sector raises the demand for automotive parts to preserve the interior and exterior appearance of the car, improve longevity, and maintain the original quality of the vehicle, which raises the demand for rolled and drawn steel.
Get a sample of the global rolled and drawn steel market reportGlobal Rolled And Drawn Steel Market Segments
The global rolled and drawn steel market is segmented:
1) By Type: Color Coated Coil, Continuous Hot Dip Galvanized Steel Coil, Carbon Structural Steel Cold Rolled Coils, Deep Drawing Cold Rolled Coils
2) By Manufacturing Process: Basic Oxygen Furnace (BOF), Electric Arc Furnace (EAF)
3) By Application: Automotive, Construction, Home Appliance, Machinery, Other Applications
4) By Geography: The regions covered in the rolled and drawn steel market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global rolled and drawn steel market.
Major Rolled And Drawn Steel Industry Players
ArcelorMittal S.A., China Baowu Steel Group Corp. Ltd., Nippon Steel Corporation, JFE Holdings Inc., Ansteel Group, Tata Steel Limited, Hesteel Group Company Limited, POSCO, Nucor Corporation, Benxi Steel Group Corp. Ltd., Shougang Group Co. Ltd., Jiangsu Shagang Group Co. Ltd., NLMK Group, ThyssenKrupp AG, JSW Steel Limited, Maanshan Iron and Steel Company Limited, United States Steel Corporation, Jianlong Group, Hunan Valin Steel Co. Ltd., Steel Authority of India Limited, China Steel Corporation, Hyundai Steel Co. Ltd., Barclay & Mathieson Ltd., Gerdau, Anyang Iron and Steel Group Co. Ltd., BlueScope Steel Limited, Yieh Phui Enterprise, BAOSTEEL GROUP, KG Dongbu Steel Co. Ltd., Rautaruukki Oyj
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Rolled And Drawn Steel Market Overview
Rolled and drawn steel refers to steel that is initially cast from hot, molten material as huge steel slabs or billets. The billets are then fired until they reach a temperature of over 1700°F. They are readily compressed into a lengthy sheet using a series of rollers at these elevated temperatures and are pulled through a succession of dies to create the required form.
Rolled And Drawn Steel Global Market Report 2023 provides data on the global rolled and drawn steel market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The rolled and drawn steel market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.