Stainless Steel Strips Market - Top Companies and Manufacturers

  • Report ID: 5701
  • Published Date: May 07, 2024
  • Report Format: PDF, PPT

Companies Dominating the Stainless Steel Strips Landscape

top-features-companies
    • POSCO
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • ArcelorMittal
    • Shanghai Shida Precision Stainless Steel Co., Ltd.
    • Outokumpu
    • Aperam
    • BS Stainless Limited
    • Jindal Stainless
    • China BaoWu Steel Group Corporation Limited
    • Tata Steel
    • AB STEEL
    • Rajguru Steel Industries

Browse Key Market Insights with Data Illustration:

In the News

  • Outokumpu, the world leader in sustainable stainless steel, and Siemens, a technology corporation that focuses on industry, infrastructure, transportation, and healthcare, together have decided to start shipping the world's first towards-zero stainless steel. Medium-voltage switchgear will be made using Outokumpu Circle Green®, which has a carbon footprint that is up to 93% lower than the industry average*. By working together, the two businesses are able to meet their challenging climate goals.
  • Baowu Steel Group has opened a plant for processing and producing steel scrap with an annual capacity of 2.8 million tons. According to a Tuesday statement from Ouyeel Blockchain Finance and Metal Recycling Resources Co Ltd, a Baowu company, the facility launched on Monday and required a total expenditure of 440 million yuan ($68.35 million). According to the company, this is the first "lights out factory" (another word for unattended production) in the metals recycling sector. It stated that all of these functions—production, sales, settlement, suppliers, and operations—will be handled online.

Author Credits:  Richa Gupta, Harshita Srivastava


  • Report ID: 5701
  • Published Date: May 07, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2023, the industry size of stainless steel strips was over USD 113 billion.

The market size for stainless steel strips is projected to cross USD 227 billion by the end of 2036 expanding at a CAGR of 6% during the forecast period i.e., between 2024-2036.

The major players in the market are ArcelorMittal, Shanghai Shida Precision Stainless Steel Co., Ltd., Outokumpu, Aperam, BS Stainless Limited, Jindal Stainless, China BaoWu Steel Group Corporation Limited,Tata Steel, AB STEEL, Rajguru Steel Industries and others.

In terms of end user, the manufacturing segment is anticipated to account for the largest market share of 40% during 2024-2036.

The Asia Pacific stainless steel strips sector is poised to hold the highest share of 33% by 2036.
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