Precision Business Insights has published a report on the global carbon steel market, estimating its value at USD 958.0 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 4.5% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/carbon-steel-market

Market Definition:

Carbon steel is a type of steel that contains carbon as its main alloying element, typically up to 2.1% by weight. The amount of carbon in the steel affects its hardness, strength, and ductility. As the carbon content increases, the steel becomes harder and stronger but less ductile and more difficult to weld.

Drivers:

1)      Growing construction Industry.

2)      Automative sector expansion.

The global carbon steel market segmentation:
1) By Thickness Type: <1.5mm, 1.5mm ~ 2.0mm, > 2.0mm ~ 4.75mm, >4.75mm ~ 6.0mm, and 6.0mm ~ 16.5mm.
2) By Width: <1250mm, 1250mm ~ 1450mm, >1450mm ~ 1650mm, >1650mm ~ 1850mm, and >1850mm.
3) By Steel Grade: Hot Rolled Steel Strip for Cold Forming, Strip with Minimum Y.S. Re? 300 MPa, Strip with Minimum Y.S 300 MPa< Re?420 MPa, Strip with Minimum Y.S 420 MPa 900 MPa.
4) By Application: Electrical Steel (Vehicle), Automotive and IF Grades (ULC), Re-rolling and Drawing, HSLA (API, Pressure Vessel, Boiler Quality, Ship Building, Weathering Steels), Medium Carbon, Commercial (Normal Pipes, Structural, Fabrication), White Goods, Galvanized, and Tin Plating.
5) By End User: Electrical Vehicle, Re-rolling, Small Di Pipe, Automotive, and Others.

Regional Overview:
The report also examines the current concerns and their Future Effects on the carbon steel market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the carbon steel market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Acerinox S.A., Aperam Stainless, ArcelorMittal, Baosteel Group, Jindal Stainless, Nippon Steel Corporation, Outokumpu, POSCO, ThyssenKrupp Stainless GmbH, Yieh United Steel Corp., HADEED, EZZ STEEL, MOROCO STEEL.

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