Ultra high strength steel offers high strength level and elongation combinations. These types of steels are used in applications requiring high strength including structural parts, safety parts, bumpers and rails.This growth is primarily driven by High Strength and Optimized Formability and Rise in the Consumption of High Strength Steel in Various Industries.
Major Vendors, such as ArcelorMittal (Luxembourg), The United States Steel Corporation (United States), Voestalpine Group (Austria), Saab Group (Sweden), SAIL (India), Tata Steel (India), Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO (South Korea), JFE Steel (Japan) and Kobe Steel, Ltd. (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- High Strength and Optimized Formability
- Rise in the Consumption of High Strength Steel in Various Industries
- High Production Cost for High Strength Steel
OpportunitiesGrowing Demand from Developing Countries and Growth in the Infrastructure Development
ChallengesAdvancements in the Grades of the Steel
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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