QYResearch: Global market of Automotive Steel developed rapidly, with an average growth rate of 7%
Automotive steels can be classified in several different ways. One is a metallurgical designation providing some process information. Common designations include low-strength steels; conventional HSS; and the new AHSS.
Additional higher strength steels for the automotive market include hot-formed, post-forming heat-treated steels, and steels designed for unique applications that include improved edge stretch and stretch bending.
In the last several years, Global market of Automotive Steel developed rapidly, with an average growth rate of 7%. In 2015, Global Revenue of Automotive Steel is nearly 84149 M USD; the actual production is about 100379 K MT.
According to QYResearch, The global average price of Automotive Steel is in the decreasing trend, from 999 USD/MT in 2011 to 838 USD/MT in 2015. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of Automotive Steel includes low-strength steel, conventional HSS, AHSS and others. The proportion of low-strength steel in 2015 is about 43.70%, and the proportion is in decreasing trend from 2011 to 2015.
Automotive Steel is widely used in commercial vehicle and passenger vehicle. The most proportion of Automotive Steel is passenger vehicle, and the sales in 2015 are 57788 M USD.
China region is the largest supplier of Automotive Steel, with a production market share nearly 43% in 2015. Europe is the second largest supplier of Automotive Steel Media, enjoying production market share 16% in 2015.
China also is the largest consumption place, with a consumption market share about 28% in 2015. Following China, Europe is the second largest consumption place.
Market competition is concentrated. ArcelorMittal, ThyssenKrupp, Nippon Steel, POSCO, Baosteel, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
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