LONDON — (BUSINESS WIRE) — Technavio has featured the top seven suppliers in its latest global galvanized steel market report. The research report also lists six other prominent vendors that are expected to have an impact on the market during the forecast period.
Galvanized steel sheets are used in many industries such as building materials, automobiles, and household appliances. These products are characterized by high strength, light weight, formability and recyclability. The use of galvanized high-strength steel helps reduce vehicle weight and emissions. It also enhances safety, performance and fuel efficiency, which are essential requirements for today’s vehicles.
Galvanized steel manufacturers rely on steel and zinc. The global steel market is highly fragmented with many global and regional suppliers. Intense competition among suppliers has led to lower steel prices and reduced margins. In addition, demand for steel products has declined over the past few years, leading to overcapacity in the market and increased competition among suppliers.
“Market suppliers are also facing a threat from Chinese steelmakers who export steel products at relatively low prices. However, excess steelmaking capacity in China is expected to close during the forecast period. This will reduce Chinese steel production and reduce exports,” he said. said Chandrakumar. Badala Jaganathan, Lead Metals and Minerals Analyst at Technavio.
The Technavio sample report is free and consists of several report sections including market size and forecast, drivers, issues, trends, and more.
ArcelorMittal is a leading company in the integrated steel and mining industry. The company and its subsidiaries are engaged in the production of carbon flat, stainless steel and carbon steel bars, as well as the processing, finishing and sale of steel products. It operates in 60 countries and has an industrial presence in 19 countries.
In fiscal year 2015, the company employed 209,000 people. It is supported by a strong operating network of subsidiaries including ArcelorMittal Dofasco, ArcelorMittal Brazil, ArcelorMittal Galati and ArcelorMittal Point Lisas in Europe, America, Africa and Asia Pacific. In fiscal year 2015, the company’s revenue was $63.57 billion.
Baosteel offers a wide range of steel products for various industries such as automotive, shipbuilding, home appliances, cookware and architectural decoration. Its steel products include hot-rolled steel sheets and plates, hot-dip galvanized sheets, hot-rolled pickled sheets, cold-rolled sheets and electroplated sheets.
Gerdau is a manufacturer and supplier of special steel and section steel. The company supplies iron ore and flat products to customers in 14 countries in the Americas, Asia-Pacific and Europe. Its total installed steel production capacity is about 25 million metric tons per year. The company is also involved in scrap metal recycling and steel production in Central and South America.
JFE Steel offers a wide range of steel products used in cars, trucks, consumer goods, information technology and metal roofing. Its products include hot rolled steel sheets, cold rolled steel sheets, hot dip galvanized steel sheets and electro galvanized steel sheets.
Hot Dipped Galvanized Steel Sheet: Produced by applying a layer of molten zinc to the surface of cold rolled and hot rolled steel sheets. Products include JFE GALVAZINC, JFE GALVAZINC alloys, JFE GALFAN and GALVALUME steel sheets. These products are widely used in electrical appliances, automobiles, building materials and other fields.
NSSMC supplies a wide range of steel products for various industries. It supplies steel used in household appliances, automobiles, building materials, beverage cans, housing materials, and transformers. The company’s industrial offerings include hot rolled steel sheets and coils, cold rolled steel sheets and coils, coated steel sheets, specialty steel sheets and coils, hot dip galvanized steel sheets and strips, and nickel plated steel sheets. The company markets products under the brand names VIEWKOTE, VIBLESS, ECOTRIO, DURGRIP, ALSHEET, ECOKOTE, SuperDyma and ZINKOTE.
Nucor steel mills market and manufacture cold rolled, hot rolled and galvanized sheet products, flat products, structural steel products including H-piles, beam blanks, flanged beams and sheet piles, steel reinforcement including blooms, concrete. rebar, commercial steel bars, steel blanks and special steel products. This segment sells its products to manufacturers, steel service centers and manufacturers in the automotive, agricultural, energy and transportation industries.
POSCO offers a wide range of galvanized steel products for various industries including general construction, shipbuilding and automotive. The company offers hot dip galvanized steel under its subsidiary POSCO Maharashtra Steel.
POSCO offers galvanized hot rolled steel in various qualities, including commercial, bent, deep drawn and structural. These products are used in automotive mufflers, vending machine pipes and brackets, and building and furniture materials.
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Technavio analysts use primary and secondary research methods to determine the size and structure of vendors for a range of markets. In addition to using internal market modeling tools and proprietary databases, analysts use a combination of bottom-up and top-down approaches to gain insights. They validated these data with data from various market participants and stakeholders along the value chain, including vendors, service providers, distributors, resellers and end users.
Technavio Research Jesse Maida Head of Media & Marketing US: +1 630 333 9501 UK: +44 208 123 1770www.technavio.com
Technavio featured seven top suppliers in its recent report on the global galvanized steel market.
Technavio Research Jesse Maida Head of Media & Marketing US: +1 630 333 9501 UK: +44 208 123 1770www.technavio.com
Post time: Dec-15-2022