Flat steel is referred as the sheet, coils or other flat-rolled steel product growth of construction, & infrastructure sector ultimately drive the flat steel market additionally the growing need of light weight automobiles on a global level is expected to increase the flat steel market both by value and volume.
Global steel report steel is a critical industry worldwide, and steel products are a heavily traded commodity in recent years, market changes, shifts in import and export levels, and weakness in the global demand for for most of the last decade, global crude steel production has been growing production totaled 11. Consumption consumption of steel products follows the trend of economic activity in individual countries there is a clear trend for high levels of consumption of steel products at certain stages of economic development, which are associated with rapid urbanisation and construction, combined with industrialisation and the growth of manufacturing industry.
Steel consumption by sector •construction industry is the largest consumer, accounting for approximately 50% of total world steel consumption.
Flat steel product consumption is growing at a considerable pace in uae the report uae steel industry outlook 2018 thoroughly analyzes the uae steel industry’s performance in terms of production, consumption, import and export.
Growing consumption of stainless steel in consumer goods such as showpieces, cookware, and stoves is anticipated to boost demand over the forecast period moreover, rising preference for utilization of alloys in consumer goods is expected to drive the stainless steel industry.
•flat steel products (sheets and plates) and long steel products (re bars, bars, wire rods, structurals and rails) respond more easily to the demand of the fastest growing segment of car buyers in emerging market perspectives on steel by steel-using industries.