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North America Is Estimated To Be The Largest Regional Market For Third Generation Advanced High-Strength Steel Market|SSAB AB, ARCELORMITTAL S.A., voestalpine AG, AK Steel Corporation, POSCO, United States Steel, thyssenkrupp AG & Others

North America third generation advanced high-strength steel market is projected to register a healthy CAGR in the forecast period of 2019 to 2026.

The market insights covered in third generation advanced high-strength steel report simplifies managing marketing of goods and services effectively. Here, market overview is given in terms of drivers, restraints, opportunities and challenges where each of this parameter is studied scrupulously. All the data and statistics provided in this market report are backed up by latest and proven tools and techniques such as SWOT analysis and Porter’s Five Forces Analysis. With the latest and updated market insights mentioned in the report, businesses can concentrate to enhance their marketing, promotional and sales strategies. This third generation advanced high-strength steel report is a wonderful guide for an actionable ideas, enhanced decision-making and better business strategies.

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Some of the major players operating in this market are SSAB AB, ARCELORMITTAL S.A., voestalpine AG, AK Steel Corporation, POSCO, United States Steel, thyssenkrupp AG, JFE Steel Corporation, NIPPON STEEL CORPORATION (NSSMC), Anyang Iron and Steel Group, Inc., NANOSTEEL, KOBE STEEL LTD., Benxi steel group, SAIL, China Shougang Group, NUCOR, Baosteel Co., Ltd., JSW and Tata Steel.

Product Launch

  • In September 2017, United States Steel Corporation joined hands with the Kobe Steel, Ltd.to invest in the new continuous galvanizing line so that they can meet the increasing demand for advanced high-strength steels.
  • In April 2017, AK Steel Corporation launched a new product Nexmet 1000 and 1200 Advanced High Strength Steel which will specially use in automotive structural components. It will help the company to increase their customer base and satisfy their needs.

Segmentation: North America Third Generation Advanced High-Strength Steel Market

North America third generation advanced high-strength steel market is segmented into five notable segments which are tensile strength, hot rolled product type, process, technology and applications.

    • On the basis of tensile strength, the market is segmented into 700 MPA–900 MPA (class 1), 900 MPA–1200 MPA (class 2), 1200 MPA–1600 MPA (class 3) and above 1600 MPA (class 3)
    • On the basis of hot rolled product type, the market is segmented into strip and quarto plate
    • On the basis of process, the market is segmented into enhanced dual-phase (DP), modified trip, ultrafine bainite, quenching and partitioning (Q&P), lower MN TRIP/TWIP and higher MN trip
    • On the basis of technology, the market is segmented into thick monolithic technology, thin monolithic technology and surface technology
    • On the basis of application, the market is segmented into automotive body side outer panels, automotive body side (all other panels) and others

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