Automotive Steel Market Overview

Maximize Market Research's new report, Global Automotive Steel Market 2021-2027, is useful for understanding the market's competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2021-2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Automotive Steel market.

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Automotive Steel Market Scope and Methodology

The report comprehensively assesses the Automotive Steel market's size estimation, encompassing existing and upcoming trends. It delivers an extensive examination of pivotal advancements, marketing tactics, supply and demand indicators, and profiles of market proprietors, leaders, potential contenders, and new entrants. Employing a bottom-up approach, the report estimates the Automotive Steel Market. Primary data sources involve interviews with notable industry experts, business owners, and marketing specialists, while secondary sources encompass financial reviews and annual reports of top manufacturers. For comprehensive insights into market penetration, competitive landscape, demand analysis, and regional evaluation, the study spans local, regional, and global levels.

Automotive Steel Market Dynamics: 

In India, raw material prices are becoming more rigid with the full impact of cumulative rises expected in the third and fourth quarters of this fiscal year. The primary materials used in the car industry are steel, aluminum, copper, and rubber. In the past six months, steel has increased by 30%, aluminum by 40%, and copper by 77%. However, during August and October 2020, the cost of main raw materials increased by 9% year over year, with the price of steel and iron increasing the highest.

Over the past six months, flat steel prices have increased by 30%, driven mostly by an increase in global prices of over 25% between May and September. In the previous six months, steel prices increased by Rs 12,000 per MT, and annual steel contracts with car companies have already been amended upward. "Steel prices (hot-rolled coils) rose from Rs 36,000/MT in June to Rs 48,000/MT as of this writing in the past six to eight months.

Automotive Steel Regional Insights

The Automotive Steel market exhibits extensive categorization across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis furnishes the current status of the Automotive Steel market within the countries covered. This report offers a comprehensive assessment of factors, market dimensions, growth rates, and regional import-export dynamics.

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Automotive Steel Market Segmentation

by Vehicle Type

Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles

by Application

Body structure
Power train
Suspension
Others

by Product

Transformation induced plasticity (TRIP) steel
Dual phase steel
Complex phase (CP)
Others

Automotive Steel Market Key Players

1. JSW Steel (India)
2. Steel Authority of India Limited (India)
3. Tata steel (India)
4. Nippon Steel Corporation (Japan)
5. JFE Holdings, Inc. (Japan)
6. POSCO (South Korea)
7. Hyundai Steel Co., Ltd (South Korea)
8. China Baowu Steel Group Corp., Ltd. (China)
9. Ansteel Group Corporation Limited (China)
10. Hesteel Group (China)
11. Jiangsu Shagang Group (China)
12. Jianlong Steel (China)
13. Hunan Valin Steel (China)
14. Fangda Steel (China)
15. Tsingshan Holding (China)
16. CITIC Group (Hong Kong)
17. Novolipetsk Steel (Russia)
18. ArcelorMittal S.A. (Luxembourg)
19. ThyssenKrupp AG (Germany)
20. United States Steel Corporation (US)
21. Nucor Corporation (US)
22. Steel Dynamics, Inc. (US)
23. Techint Group (Argentina)

Key questions answered in the Automotive Steel Market are:

• What is Automotive Steel ?
• What was the Automotive Steel market size in 2022?
• What are the different segments of the Automotive Steel Market?
• What growth strategies are the players considering to increase their presence in Automotive Steel ?
• What are the upcoming industry applications and trends for the Automotive Steel Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Steel Market?
• Who are the key players in the Automotive Steel market?
• What segments are covered in the Automotive Steel Market?
• Who are the leading companies and what are their portfolios in Automotive Steel Market? 

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
• Competitive landscape – Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis 
• PORTER’s analysis 
• Value chain and supply chain analysis 
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis 
• Recommendations 

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About Maximize Market Research:

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