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  • Global Top Ultra-High Strength Steel Market Industry Leaders


    (Aviation-NewsWire.Com, November 12, 2021 ) The ultra-high strength steel market is estimated to be USD 7.96 billion in 2017 and is projected to reach USD 11.35 billion by 2022, at a CAGR of 7.35% from 2017 to 2022. High consumption of ultra-high strength steels in automotive and construction industries is one of the most significant factors driving the growth of the ultra-high strength steel market.

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    Emerging companies in theultra-high strength steelmarket have been expanding their business by adopting strategies such asexpansions and new product developments.Expansions and new product launcheshavebeen the most preferred growth strategiesadopted bythe companies operating in the ultra-high strength steel market.Key companies operating in the ultra-high strength steel market include The United States Steel Corporation (US), ArcelorMittal (Luxembourg), Schuler Group (Germany), SAIL (India), China Baowu Steel Group Corp. (China), POSCO (South Korea), Tata Steel (India), JSW Steel (India), Voestalpine Group (Austria), Nippon Steel & Sumitomo Metal Corporation (Japan), Kobe Steel (Japan), China Steel Corporation (Taiwan), JFE Steel (Japan), Essar Steel (Mumbai), Novolipetsk Steel (Russia), Angang Steel Company Limited (China), Nucor Corporation (US), Gerdau S.A. (Brazil), AK Steel Holding Corporation (US), Hyundai Steel Co. (South Korea), Usiminas (Brazil), Hebei Puyang Iron and Steel Co., Ltd. (China), and Shougang Corporation (China).

    The ultra-high strength steel market is fragmented. POSCO (South Korea) is one of the most active players in the ultra-high strength steel market. The company expanded its operations in different regions to enhance its market presence and widen its customer base. It has undertaken numerous efforts to modify and innovate its product series over the last 5 years.The company offers wide range of ultra-high strength steel products, such as hot-rolled, cold-rolled, wire rod, steel plate, and automotive materials.The company adopted expansions,agreements,and collaborations as key strategies to expand its presence in the market. In April 2017,the company completed the construction of the world's first automotive steel plant built exclusively for Giga Steel. This plant has anannual production capacity of 500,000 tons of super high steels with a tensile strength of 1.5 Giga.

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    ArcelorMittalis another key player in the ultra-high strength steel market.The company is focused on expanding its market presence. In July 2017, the company planned to invest in its new production line of automotive steels at its manufacturing site located at Florange. This project is a part of the company’s strategy to have a center of excellence for the production of automotive steels.

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    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

    Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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    Mr. Aashish Mehra



    Source: EmailWire.Com

    Source: EmailWire.com

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