LONDON--(BUSINESS WIRE)--Technavio has announced the top seven leading vendors in their recent global galvanized steel market report. This research report also lists six other prominent vendors that are expected to impact the market during the forecast period.
Galvanized steel sheets are used in many industrial applications such as construction materials, automobiles, and electrical appliances. These products offer high strength, lightweight, formability, and recyclability. The use of galvanized advanced high-strength steel helps in the reduction of body weight and emissions in automobiles. It also improves safety, performance, and fuel efficiency, which are the primary requirements of modern automobiles.
Competitive vendor landscape
The galvanized steel producers are dependent on steel and zinc. The global steel market is highly fragmented with the presence of many global and regional vendors. There is high competition among the vendors, which has resulted in lower steel prices and reduced profit margins. In addition, the steel demand has decreased over the past few years, leading to excessive capacity in the market and intensified competition among the vendors.
“The market vendors also faced threats from the Chinese steel producers that were exporting steel products at relatively lower rates. However, during the forecast period, it is expected that excess steel producing capacity of China will shut down. This will bring down the production of steel in China and reduce exports,” says Chandrakumar Badala Jaganathan, a lead metals and minerals analyst from Technavio.
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Top seven galvanized steel market vendors
ArcelorMittal
ArcelorMittal is a leading company in the integrated steel and mining sector. The company, along with its subsidiaries, engages in the production of flat carbon steel, stainless steel, and long carbon steel as well as processing, finishing, and distribution of steel. It has presence across 60 countries and has industrial footprint in 19 countries.
In FY2015, the company employees 209,000. It is supported by a strong operational network of subsidiaries, including ArcelorMittal Dofasco, ArcelorMittal Brazil, ArcelorMittal Galati, and ArcelorMittal Point Lisas located across Europe, the Americas, Africa, and APAC. It generated revenue of USD 63.57 billion in FY2015.
Baosteel
Baosteel provides a wide range of steel products for diverse industries, such as automobile, ship building, household electric appliances, kitchen cutleries, and building decoration. Its steel rolled product offering includes hot-rolled steel sheets and plates, hot-dip galvanized sheet, hot-rolled and pickled sheet, cold-rolled sheet, and electro-galvanized sheet.
Gerdau
Gerdau is a manufacturer and supplier of special steel and long steel products. The company provides iron ore and flat steel to customers across 14 countries covering the Americas, APAC, and Europe. It has approximately 25 million metric tons of combined installed capacity for steel production per year. The company also involves in recycling and transformation of scrap metal into steel in Central and South America.
JFE Steel
JFE Steel provides a wide array of steel products that are used in passenger cars, trucks, consumer goods, information technology, and metal roofing. Its product offerings include hot-rolled steel sheets, cold-rolled steel sheets, hot-dip galvanized steel sheets, and electrogalvanized steel sheets.
Hot-dip galvanized steel sheets: It is produced by applying a coat of molten zinc to the surface of cold-rolled and hot-rolled sheets. The products include JFE GALVAZINC, JFE GALVAZINC alloy, JFE GALFAN, and GALVALUME steel sheet. These products are used for application in diverse fields such as electric appliances, automotive, and building materials.
NSSMC
NSSMC provides a wide range of steel products for diverse industries. It provides steel products for application in home appliances, automobiles, construction materials, beverage cans, housing materials, and transformers. The company's product offering to this sector includes hot-rolled steel sheets and coils, cold-rolled steel sheets and coils, coated steel sheets, special steel sheets and coils, hot-dip galvanized steel sheets and strips, and nickel-coated steel sheets. It markets products under brands, such as VIEWKOTE, VIBLESS, ECOTRIO, DURGRIP, ALSHEET, ECOKOTE, SuperDyma, and ZINKOTE.
Nucor
Nucor’s steel mills distribute and produces cold-rolled, hot-rolled, and galvanized sheet steel products; plate steel products; structural steel products that include H-pilings, beam blanks, flange beams, and sheet pilings; and bar steel products that include blooms, concrete reinforcing bars, merchant bars, billets, and special bar quality products. This segment sells its products to fabricators, steel service centers, and manufacturers in the automotive, agricultural, energy, and transportation sectors.
POSCO
POSCO provides a wide array of galvanized steel products for diverse industries, including general construction, shipbuilding, and for the automobile industry. The company provides hot-dip galvanized steel under its subsidiary POSCO Maharashtra Steel.
POSCO provides zinc-coated hot-rolled steel products of different quality types, such as commercial, bending, deep drawing, and structural quality. These products are used for application in automobile mufflers, pipes, and racks of vending machines and as materials for construction and furniture.
All product names, brands and trademarks are the property of their respective owners.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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