Cold Rolling Mill

Cold Rolling Mill Market Outlook

The global Cold Rolling Mill market is poised to experience significant growth, with a projected market size of approximately USD 13 billion by 2035, expanding at a compound annual growth rate (CAGR) of around 4.2% during the forecast period from 2025 to 2035. This growth can be attributed to the increasing demand for high-precision metal sheets and strips across various industries such as automotive, aerospace, and construction. The growing emphasis on light-weighting in automotive manufacturing, along with the rising production of electric vehicles, is driving the demand for cold-rolled steel and aluminum products. Moreover, advancements in manufacturing technologies and increasing investments in infrastructure development are expected to further enhance the growth of the cold rolling mill market. The surge in urbanization and industrialization in emerging economies also contributes significantly to market expansion as new facilities and production capabilities come online. As industries evolve, the demand for high-quality, thin-gauge materials will continue to support the cold rolling mill market's development.

Growth Factor of the Market

The growth of the Cold Rolling Mill market is primarily driven by the expanding automotive sector, which increasingly favors lightweight materials for improved fuel efficiency and reduced emissions. This trend has led to a heightened demand for cold-rolled products that meet the stringent quality and performance standards required by car manufacturers. Furthermore, the aerospace industry is witnessing a shift towards more durable and efficient materials, pushing the demand for cold-rolled sheets and coils. The construction industry is also a major contributor to the market's growth, as cold-rolled steel is utilized extensively in building frameworks, roofing, and infrastructure projects. Additionally, technological advancements in cold rolling processes, including automation and improved energy efficiency, are enhancing production capabilities and driving down operational costs, making the cold rolling mill investment more attractive. The increasing adoption of cold-rolled products in electrical applications, such as transformers and motors, is another vital factor facilitating market growth, reflecting the versatility and adaptability of cold-rolling technologies.

Key Highlights of the Market

• The global Cold Rolling Mill market is projected to reach USD 13 billion by 2035.
• Expected CAGR of 4.2% from 2025 to 2035.
• Significant demand from the automotive and aerospace industries.
• Technological advancements improving production efficiency and reducing costs.
• Rising investments in infrastructure development and urbanization.

By Product Type

Reversing Cold Rolling Mill:

The reversing cold rolling mill is a crucial segment in the market, characterized by its ability to process materials in both directions. This type of mill is widely used for producing high-quality metal sheets and strips, making it a preferred choice for manufacturers who require flexibility in their production processes. The reversing cold rolling mill allows for better control of thickness and surface finish, providing an efficient solution for various applications. It is particularly favored in industries that demand precise dimensional tolerances and superior quality, including automotive and appliance manufacturing. Additionally, the ease of maintenance and relatively lower operational costs contribute to the popularity of this type of rolling mill in the competitive landscape.

Tandem Cold Rolling Mill:

The tandem cold rolling mill is another significant segment known for its high-speed processing capabilities. This type of mill consists of several rolling stands arranged in a sequence, allowing continuous rolling of materials. It is particularly effective for mass production of thin sheets and strips, catering to industries such as automotive and construction. The tandem cold rolling mill offers several advantages, including improved productivity, reduced labor costs, and consistent product quality. As manufacturers increasingly seek to optimize their production processes and enhance throughput, the demand for tandem cold rolling mills is expected to rise significantly. This type of mill also allows for flexibility in processing a variety of materials, making it a valuable asset for metal producers.

Cluster Cold Rolling Mill:

Cluster cold rolling mills are recognized for their unique design, which utilizes multiple rolls to achieve a higher pressure and better control over the rolling process. This type of mill is particularly advantageous for producing ultra-thin gauges of metal sheets and strips, which are essential in applications requiring lightweight materials. Industries such as electronics and aerospace significantly benefit from the capabilities of cluster cold rolling mills, as they can produce components with exceptional precision. The ability to achieve superior surface finishes and tighter tolerances has made cluster mills increasingly popular among manufacturers looking to enhance product performance. Additionally, the compact design of cluster cold rolling mills allows for space-saving layouts in manufacturing facilities.

Sendzimir Cold Rolling Mill:

The Sendzimir cold rolling mill is renowned for its innovative design featuring a unique arrangement of rolls that enables the processing of hard materials with minimal deformation. This type of mill is especially suitable for producing high-strength materials, making it a preferred choice for industries such as automotive, aerospace, and defense. The Sendzimir mill's precision and efficiency in achieving thin gauges and complex shapes set it apart from other types of mills. As industries strive to improve material properties and reduce weight without compromising strength, the demand for Sendzimir cold rolling mills is anticipated to grow. Additionally, advancements in technology and automation are expected to enhance the capabilities of these mills, further solidifying their position in the market.

Temper Mill:

The temper mill segment is essential for the final processing of cold-rolled materials, primarily focusing on improving mechanical properties and surface quality. Temper mills are utilized to apply controlled amounts of stress to the materials, resulting in desired hardness and tensile strength. This type of mill is crucial in applications where the final product needs to meet specific performance criteria, such as in the automotive and appliance sectors. The tempering process also enhances the surface finish, making it suitable for decorative applications. As the demand for high-quality, durable products continues to rise, the role of temper mills in the cold rolling process becomes increasingly significant, contributing to the overall market growth.

By Application

Automotive:

The automotive application segment holds a prominent position in the cold rolling mill market, driven by the growing demand for lightweight materials that enhance fuel efficiency and reduce emissions. Cold-rolled products, such as high-strength steel and aluminum, are widely utilized in manufacturing various automotive components, including body panels, chassis, and structural elements. As automotive manufacturers increasingly embrace electric vehicles and advanced technologies, the demand for cold-rolled products with superior performance characteristics is expected to rise significantly. The need for durability and safety in vehicles further amplifies the importance of cold-rolled materials, solidifying the automotive sector's position as a major contributor to market growth.

Aerospace:

The aerospace application is another vital segment of the cold rolling mill market, characterized by the stringent quality and performance standards required in aircraft manufacturing. Cold-rolled products are essential for producing aircraft components, such as fuselage skins, wing structures, and landing gears, where weight reduction and strength are critical factors. The increasing demand for commercial and military aircraft, coupled with advancements in aerospace technologies, drives the need for high-quality cold-rolled materials. As the aerospace industry continues to innovate, the demand for specialized cold-rolled components that meet exacting specifications is expected to grow, contributing to the overall expansion of the market.

Construction:

The construction application segment is significant in the cold rolling mill market, as cold-rolled steel is extensively used in building frames, roofing systems, and structural components. The growth of the global construction industry, fueled by urbanization and infrastructure development, plays a crucial role in driving demand for cold-rolled products. Cold-rolled steel's properties, including strength, durability, and ease of fabrication, make it a preferred choice for construction projects. Furthermore, the trend towards sustainable building practices and the use of recycled materials is expected to enhance the demand for cold-rolled products in the construction sector, supporting overall market growth.

Electrical:

The electrical application segment is increasingly important within the cold rolling mill market, as cold-rolled materials are widely used in the manufacturing of transformers, motors, and electrical panels. The demand for energy-efficient and high-performance electrical components drives the need for cold-rolled products that offer excellent magnetic properties and conductivity. As the global focus on renewable energy sources and energy efficiency intensifies, the demand for advanced electrical products is expected to rise. Cold-rolled sheets and strips play a crucial role in enhancing the performance of electrical equipment, thereby contributing to the overall expansion of the cold rolling mill market.

Others:

The 'Others' application segment encompasses various industries that utilize cold-rolled products, including consumer goods, appliances, and machinery manufacturing. The versatility of cold-rolled materials allows them to be adopted across a wide range of applications, driven by their unique properties such as improved surface finishes and dimensional accuracy. Industries focusing on innovation and product development are increasingly integrating cold-rolled products into their offerings, further diversifying the market. As manufacturers continue to explore new application areas for cold-rolled materials, the 'Others' segment is anticipated to experience steady growth in the coming years.

By Distribution Channel

Direct Sales:

The direct sales distribution channel is a key segment in the cold rolling mill market, enabling manufacturers to engage directly with end-users and provide tailored solutions. This approach allows for better communication of product specifications and enhancements, ensuring that customers receive solutions that meet their specific requirements. Direct sales facilitate a closer relationship between manufacturers and clients, fostering collaboration and feedback. Additionally, this channel often leads to higher customer satisfaction, as it allows for quicker response times and more personalized service. As industries increasingly seek customized cold-rolled products, the direct sales channel is likely to gain traction, contributing to market growth.

Indirect Sales:

The indirect sales distribution channel encompasses various intermediaries, including distributors and wholesalers, who promote and sell cold-rolled products to end-users. This channel plays a significant role in expanding market reach and providing manufacturers with access to a larger customer base. By leveraging the networks and expertise of intermediaries, manufacturers can efficiently distribute their products across different regions and sectors. The indirect sales channel also allows for better inventory management and logistics, reducing operational costs for manufacturers. As the demand for cold-rolled products continues to grow, the indirect sales channel is expected to remain an important aspect of the market landscape, providing essential support for reaching diverse customer segments.

By Material Type

Steel:

Steel is the predominant material type in the cold rolling mill market, driven by its versatility, strength, and availability. Cold-rolled steel products are widely used across various industries, including automotive, construction, and manufacturing, where high strength and durability are essential. The ability to produce thin gauges with exceptional surface quality makes cold-rolled steel an ideal choice for applications that demand precision and performance. As the global economy continues to expand, the demand for cold-rolled steel is expected to rise, further solidifying its position as a key material type in the market. Additionally, advancements in steel processing technologies are enhancing the performance characteristics of cold-rolled steel products, contributing to market growth.

Aluminum:

Aluminum is increasingly becoming a favored material type in the cold rolling mill market due to its lightweight properties and corrosion resistance. Cold-rolled aluminum products are utilized extensively in industries such as aerospace and automotive, where weight reduction is crucial for improving fuel efficiency. The demand for aluminum in the construction sector is also on the rise as builders seek sustainable materials for energy-efficient projects. Cold-rolled aluminum sheets and strips offer excellent formability and surface finish, making them ideal for various applications. The ongoing trend towards lightweighting and sustainability is expected to significantly enhance the demand for cold-rolled aluminum, contributing to market expansion.

Copper:

Copper is another vital material type in the cold rolling mill market, primarily utilized in electrical applications due to its high conductivity and thermal properties. Cold-rolled copper products are widely used in the manufacturing of wires, cables, and electronic components, where performance and reliability are paramount. The increasing demand for renewable energy systems, such as solar and wind, is driving the growth of copper-based products, as these systems often rely on high-quality electrical conductors. As industries continue to innovate and invest in energy-efficient technologies, the demand for cold-rolled copper is expected to grow, further diversifying the materials landscape in the cold rolling mill market.

Others:

The 'Others' material type segment includes a variety of metals and alloys that are processed through cold rolling mills. This segment encompasses materials such as titanium, nickel, and specialized alloys, which are utilized in niche applications requiring specific properties. These materials often find use in industries such as aerospace, medical, and high-performance manufacturing, where advanced materials are essential for product performance. As manufacturers seek to develop innovative solutions and enhance the capabilities of their products, the demand for cold-rolled materials beyond steel, aluminum, and copper is anticipated to rise. This diversification in material types further supports the overall growth of the cold rolling mill market.

By Region

The North American region is a significant player in the cold rolling mill market, driven by the presence of major automotive and aerospace manufacturers. The demand for cold-rolled products in this region is bolstered by ongoing investments in infrastructure and advancements in manufacturing technologies. The automotive sector, in particular, is witnessing a shift towards electric vehicles, which contributes to the growing demand for lightweight materials. With a market size projected to reach approximately USD 4 billion by 2035, North America is expected to experience a steady CAGR of around 3.5% during the forecast period. The region's focus on innovation and sustainability will further enhance the growth of the cold rolling mill market.

In the Asia Pacific region, the cold rolling mill market is anticipated to witness the highest growth rate, driven by rapid industrialization and urbanization. Countries such as China, India, and Japan are leading the charge with significant investments in the automotive, construction, and electrical sectors. The increasing demand for cold-rolled products in these industries, coupled with expanding manufacturing capabilities, is expected to propel the market's growth. By 2035, the Asia Pacific region is projected to have a market size of around USD 5 billion, reflecting a robust CAGR of approximately 5.5%. The region's competitive manufacturing landscape and the emphasis on high-quality materials will play a crucial role in shaping the cold rolling mill market's future.

Opportunities

The cold rolling mill market presents numerous opportunities for manufacturers and stakeholders, particularly in light of the growing demand for lightweight materials in key industries such as automotive and aerospace. As manufacturers increasingly prioritize fuel efficiency and sustainability, the need for cold-rolled products that meet these criteria will escalate. This trend creates an opportunity for cold rolling mill producers to innovate and develop specialized products that cater to evolving industry requirements. By investing in research and development, companies can enhance their product offerings, focusing on advanced materials and technologies that deliver superior performance. Furthermore, the integration of automation and Industry 4.0 technologies in cold rolling processes can streamline operations, reduce costs, and improve product quality, providing a competitive edge in the market.

Additionally, emerging markets in Asia Pacific and Latin America present significant growth opportunities for the cold rolling mill market. As these regions continue to industrialize and invest in infrastructure development, the demand for cold-rolled products is expected to rise substantially. Manufacturers can capitalize on this growth by establishing strategic partnerships and distribution networks in these markets, ensuring a steady supply of high-quality cold-rolled materials to meet local demand. Furthermore, the increasing focus on renewable energy and green technologies will drive the demand for specialized cold-rolled products, opening new avenues for growth. By aligning business strategies with market trends and regional demands, companies can leverage these opportunities to expand their market presence and drive long-term success.

Threats

Despite the promising growth prospects, the cold rolling mill market faces several threats that could hinder its expansion. One of the most significant challenges is the fluctuation of raw material prices, including steel and aluminum, which can impact production costs and profit margins for manufacturers. Volatility in global markets, driven by geopolitical tensions or supply chain disruptions, can lead to increased uncertainty and challenges in sourcing materials. Additionally, the cold rolling mill industry is characterized by intense competition, with numerous players vying for market share. This competitive landscape can result in price wars and reduced profit margins, making it imperative for companies to continually innovate and improve operational efficiencies to maintain their competitive advantage. Furthermore, the increasing focus on sustainability and environmental regulations may necessitate additional investments in cleaner technologies, posing a financial burden on manufacturers.

Another notable threat to the cold rolling mill market is the potential for technological obsolescence. As industries evolve and new manufacturing processes emerge, companies that fail to adapt to changing technologies risk losing market relevance. The rapid pace of innovation in manufacturing technologies, including automation and digitalization, necessitates ongoing investments in equipment and processes to remain competitive. Companies must stay abreast of these developments and be willing to invest in upgrades and new capabilities to meet customer expectations. Lastly, the ongoing global concerns regarding economic instability and trade policies can also pose risks to the cold rolling mill market, as uncertainties may impact investment decisions and consumer demand.

Competitor Outlook

• SMS group GmbH
• Primetals Technologies
• Danieli & C. Officine Meccaniche S.p.A.
• Tenova S.p.A.
• Fives Group
• Uralmashplant OJSC
• Siemens AG
• ANDRITZ AG
• Baosteel Group Corporation
• Jiangsu Province Yulong Steel Group Co., Ltd.
• Choiwan Engineering Co., Ltd.
• Hanwha Engineering & Construction
• Winn & Co. Ltd.
• Outokumpu Oyj
• Hindalco Industries Limited

The competitive landscape of the cold rolling mill market is characterized by a diverse range of players, including global leaders and regional companies specializing in manufacturing advanced cold rolling technologies. Companies such as SMS group GmbH and Primetals Technologies are at the forefront of the market, leveraging their extensive experience and technological expertise to deliver high-performance cold rolling mills. These industry leaders focus on developing innovative solutions that enhance production efficiency and reduce operational costs for their clients. Additionally, these companies often engage in strategic partnerships and collaborations to expand their market reach and enhance product offerings, reflecting a commitment to staying competitive in the evolving landscape. Their emphasis on research and development enables them to introduce cutting-edge technologies, positioning them as key players in the cold rolling mill market.

Furthermore, regional players such as Baosteel Group Corporation and Jiangsu Province Yulong Steel Group Co., Ltd. contribute significantly to the competitive dynamics of the market. These companies capitalize on their local expertise and manufacturing capabilities to address the specific needs of regional industries. They often focus on providing customized solutions that align with local market demands, enhancing their appeal to customers seeking tailored products. The competitive landscape is also influenced by companies like Danieli & C. Officine Meccaniche S.p.A. and Tenova S.p.A., which have established a strong presence in various international markets. Their robust product portfolios and commitment to innovation enable them to cater to a wide range of applications, further broadening their market presence.

In summary, the cold rolling mill market is characterized by a competitive environment marked by innovation, technological advancements, and strategic collaborations. Companies are increasingly investing in research and development to stay ahead of industry trends and meet the growing demand for high-quality cold-rolled products. As industries such as automotive, aerospace, and construction continue to evolve, the need for specialized cold rolling solutions will drive competition among market players. The focus on sustainability and environmental compliance will also shape the competitive landscape, as companies strive to align their offerings with customer expectations while navigating the challenges of a rapidly changing market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 RITZ AG
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Siemens AG
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Fives Group
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Outokumpu Oyj
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Tenova S.p.A.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 SMS group GmbH
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Winn & Co. Ltd.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Uralmashplant OJSC
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Primetals Technologies
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Baosteel Group Corporation
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Hindalco Industries Limited
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Choiwan Engineering Co., Ltd.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Hanwha Engineering & Construction
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Danieli & C. Officine Meccaniche S.p.A.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Jiangsu Province Yulong Steel Group Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Cold Rolling Mill Market, By Application
    • 6.1.1 Automotive
    • 6.1.2 Aerospace
    • 6.1.3 Construction
    • 6.1.4 Electrical
    • 6.1.5 Others
  • 6.2 Cold Rolling Mill Market, By Product Type
    • 6.2.1 Reversing Cold Rolling Mill
    • 6.2.2 Tandem Cold Rolling Mill
    • 6.2.3 Cluster Cold Rolling Mill
    • 6.2.4 Sendzimir Cold Rolling Mill
    • 6.2.5 Temper Mill
  • 6.3 Cold Rolling Mill Market, By Material Type
    • 6.3.1 Steel
    • 6.3.2 Aluminum
    • 6.3.3 Copper
    • 6.3.4 Others
  • 6.4 Cold Rolling Mill Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Cold Rolling Mill Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Cold Rolling Mill market is categorized based on

By Product Type

• Reversing Cold Rolling Mill
• Tandem Cold Rolling Mill
• Cluster Cold Rolling Mill
• Sendzimir Cold Rolling Mill
• Temper Mill

By Application

• Automotive
• Aerospace
• Construction
• Electrical
• Others

By Distribution Channel

• Direct Sales
• Indirect Sales

By Material Type

• Steel
• Aluminum
• Copper
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• SMS group GmbH
• Primetals Technologies
• Danieli & C. Officine Meccaniche S.p.A.
• Tenova S.p.A.
• Fives Group
• Uralmashplant OJSC
• Siemens AG
• RITZ AG
• Baosteel Group Corporation
• Jiangsu Province Yulong Steel Group Co., Ltd.
• Choiwan Engineering Co., Ltd.
• Hanwha Engineering & Construction
• Winn & Co. Ltd.
• Outokumpu Oyj
• Hindalco Industries Limited