The flat steel market was valued at USD 454.5 billion in 2022 and is projected to grow from USD 483.8 billion in 2023 to USD 776.4 billion by 2032, with a compound annual growth rate (CAGR) of 6.20% during the forecast period (2023 - 2032). Key drivers of market growth include fast industrialization, widespread use of mechanical, automotive, and construction equipment, and increased infrastructure investment.
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