PUBLISHER: Market Research Future | PRODUCT CODE: 1702327
PUBLISHER: Market Research Future | PRODUCT CODE: 1702327
Report Information on Turkey & GCC Flat Steel Market Research by Type (Hot-Rolled Sheets, Cold-Rolled Sheets, Plates & Strips, Others), by Grade (API Grades, Structural Grades, High-Strength Low-Alloy (HSLA) Grades, Stainless Steel Grades, and Others ), by Size (Below 3 mm, Between 3 mm to 20 mm, and Above 20 mm), by Width (1 to 3 meters, 3 to 6 meters, and Above 6 meters), by Production Process (Basic Oxygen Furnace and Electric Arc Furnace) by End Use (Building & Construction, Automotive & Transportation, Mechanical Equipment, Electronics, Consumer Goods & Appliances, Oil & Gas, Energy, and Others) Forecast to 2035
The Turkey and GCC Flat Steel Market is expected to grow at a substantial CAGR of 5.22% during the research period.
The building industry in Saudi Arabia is expanding rapidly, driving up demand for flat steel products in both Turkey and the GCC. As Saudi Arabia embarks on major infrastructure projects and economic changes, the demand for strong building materials, notably flat steel, has increased. The expansion of the industrial sector and modernization of production facilities are also driving up demand for flat steel, which is used in a variety of applications such as structural components and building frameworks. Construction activity has increased significantly as a result of Crown Prince Mohammed bin Salman's grandiose Vision 2030 plan. Vision 2030 aims to diversify the Saudi economy, reducing its reliance on oil earnings and placing it as a worldwide investment leader. The strategy includes around USD 1.25 trillion in initiatives, with a significant focus on infrastructure, tourism, and entertainment industries.
The Turkish and GCC flat steel markets are divided into four types: hot-rolled sheets, cold-rolled sheets, plates and strips, and others.
The market is divided into five grade categories: API Grades, Structural Grades, High-Strength Low-Alloy (HSLA) Grades, Stainless Steel Grades, and Others.
The market has been divided into three segments based on thickness: less than 3 mm, between 3 mm and 20 mm, and more than 20 mm.
The Turkey and GCC flat steel market is divided into three categories based on width: 1 to 3 meters, 3 to 6 meters, and more than 6 meters.
The market is divided into two segments based on the production process: Basic Oxygen Furnace and Electric Arc Furnace.
The Turkey & GCC flat steel market is divided into end-use segments such as building and construction, automotive and transportation, mechanical equipment, electronics, consumer goods and appliances, oil and gas, energy, and others.
Erdemir, Tatmetal, Colakoglu Metalurji A.S., TosyalI Holding, Hadeed, Borcelik, Mitwalli Steel, YIldIz Demir Celik, and HABAS are major players in the Turkish and GCC flat steel markets.