The global flat steel market is projected to grow significantly, reaching approximately USD 939.8 billion by 2033, up from USD 555.4 billion in 2023. This growth reflects a compound annual growth rate (CAGR) of 5.4% over the forecast period from 2023 to 2033.
Flat steel products such as hot-rolled coils, cold-rolled sheets, and coated steels play a vital role across various industries, including construction, automotive, shipbuilding, home appliances, and energy. The ongoing wave of urbanization, particularly in the Asia-Pacific and Middle Eastern regions, is driving a strong demand for materials that are durable, lightweight, and high in strength to support infrastructure and residential development.
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