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Chemical & Material Global Spring Steel Flat Bar Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

  • RnM4642742
    • |
  • 24 October, 2025
    • |
  • Global
    • |
  • 136 Pages
    • |
  • GIR
    • |
  • Chemical & Material

According to our (Global Info Research) latest study, the global Spring Steel Flat Bar market size was valued at US$ 5183 million in 2024 and is forecast to a readjusted size of USD 6697 million by 2031 with a CAGR of 3.8% during review period.
In this report, we will assess the current U.S. tariff framework alongside international policy adaptations, analyzing their effects on competitive market structures, regional economic dynamics, and supply chain resilience.
Spring steel flat bar refers to steel due to the elasticity in the quenched and tempered condition, and specifically for the manufacture of springs and elastic components. Spring steel depends on its ability to elastically deform, i.e., within the prescribed range, the ability to withstand a certain elastic deformation so that the load does not occur in the permanent deformation after the load is removed.
The need for Spring Steel Flat Bar is driven by the rise in car production. Strong laws governing safety requirements and car emissions are pressuring producers to use premium steel. The industry is working toward the goal of using lighter materials more frequently. The efforts related to the creation of innovative materials, forming technologies, and manufacturing processes are receiving importance. The most economical way to cut fuel use and greenhouse gas emissions is still to reduce weight. According to statistics, fuel efficiency increases by 7% for every 10% of the weight that is removed from a vehicle's overall weight. This implies that there is an about 20 kg decrease in carbon dioxide for every kilogram of weight loss in a vehicle. The dynamics of the steel market may be impacted by governments in some region's promotion of electric vehicles (EVs). The rise of EVs, with their distinct weight distribution and driving characteristics, has necessitated the development of specialized springs tailored to their unique requirements. These springs must provide a comfortable and balanced ride while accommodating the constant demand for electricity and addressing potential energy-related challenges faced by EVs. Moreover, the surge in urbanization and disposable income in many countries has fueled the demand for both passenger and commercial vehicles, particularly trucks. This trend has led to increased investments from global automotive companies, resulting in a rise in vehicle production and aftermarket sales, including automotive springs. Additionally, the presence of robust manufacturing ecosystems and low labor costs in certain regions has further stimulated investments and production in the automotive sector.
This report is a detailed and comprehensive analysis for global Spring Steel Flat Bar market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Spring Steel Flat Bar market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Spring Steel Flat Bar market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Spring Steel Flat Bar market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Spring Steel Flat Bar market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Spring Steel Flat Bar
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Spring Steel Flat Bar market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Fangda Special Steel, Citic Pacific Special Steel, Spring Steel Flat Bar, Çemtaş, Agya Steels, Baowu Group, ArcelorMittal, Xiangtan Iron and Steel, Tibnor AB, Hunan Fushun Metal Co., Ltd, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Spring Steel Flat Bar market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Carbon Steel
Alloy Steel
Market segment by Application
Automotive
Railway
Hardware Tools
Others
Major players covered
Fangda Special Steel
Citic Pacific Special Steel
Spring Steel Flat Bar
Çemtaş
Agya Steels
Baowu Group
ArcelorMittal
Xiangtan Iron and Steel
Tibnor AB
Hunan Fushun Metal Co., Ltd
Mead Metals Inc
Textron Steel
Shanghai Metal Corporation
Royal Ispat Udyog
Gerdau
Glorysteelwork
Jiangsu Shagang Co., Ltd
Nanjing Iron & Steel
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Spring Steel Flat Bar product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Spring Steel Flat Bar, with price, sales quantity, revenue, and global market share of Spring Steel Flat Bar from 2020 to 2025.
Chapter 3, the Spring Steel Flat Bar competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Spring Steel Flat Bar breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Spring Steel Flat Bar market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Spring Steel Flat Bar.
Chapter 14 and 15, to describe Spring Steel Flat Bar sales channel, distributors, customers, research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Spring Steel Flat Bar Consumption Value by Type: 2020 Versus 2024 Versus 2031
    • 1.3.2 Carbon Steel
    • 1.3.3 Alloy Steel
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Spring Steel Flat Bar Consumption Value by Application: 2020 Versus 2024 Versus 2031
    • 1.4.2 Automotive
    • 1.4.3 Railway
    • 1.4.4 Hardware Tools
    • 1.4.5 Others
  • 1.5 Global Spring Steel Flat Bar Market Size & Forecast
    • 1.5.1 Global Spring Steel Flat Bar Consumption Value (2020 & 2024 & 2031)
    • 1.5.2 Global Spring Steel Flat Bar Sales Quantity (2020-2031)
    • 1.5.3 Global Spring Steel Flat Bar Average Price (2020-2031)

2 Manufacturers Profiles

  • 2.1 Fangda Special Steel
    • 2.1.1 Fangda Special Steel Details
    • 2.1.2 Fangda Special Steel Major Business
    • 2.1.3 Fangda Special Steel Spring Steel Flat Bar Product and Services
    • 2.1.4 Fangda Special Steel Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.1.5 Fangda Special Steel Recent Developments/Updates
  • 2.2 Citic Pacific Special Steel
    • 2.2.1 Citic Pacific Special Steel Details
    • 2.2.2 Citic Pacific Special Steel Major Business
    • 2.2.3 Citic Pacific Special Steel Spring Steel Flat Bar Product and Services
    • 2.2.4 Citic Pacific Special Steel Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.2.5 Citic Pacific Special Steel Recent Developments/Updates
  • 2.3 Spring Steel Flat Bar
    • 2.3.1 Spring Steel Flat Bar Details
    • 2.3.2 Spring Steel Flat Bar Major Business
    • 2.3.3 Spring Steel Flat Bar Spring Steel Flat Bar Product and Services
    • 2.3.4 Spring Steel Flat Bar Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.3.5 Spring Steel Flat Bar Recent Developments/Updates
  • 2.4 Çemtaş
    • 2.4.1 Çemtaş Details
    • 2.4.2 Çemtaş Major Business
    • 2.4.3 Çemtaş Spring Steel Flat Bar Product and Services
    • 2.4.4 Çemtaş Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.4.5 Çemtaş Recent Developments/Updates
  • 2.5 Agya Steels
    • 2.5.1 Agya Steels Details
    • 2.5.2 Agya Steels Major Business
    • 2.5.3 Agya Steels Spring Steel Flat Bar Product and Services
    • 2.5.4 Agya Steels Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.5.5 Agya Steels Recent Developments/Updates
  • 2.6 Baowu Group
    • 2.6.1 Baowu Group Details
    • 2.6.2 Baowu Group Major Business
    • 2.6.3 Baowu Group Spring Steel Flat Bar Product and Services
    • 2.6.4 Baowu Group Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.6.5 Baowu Group Recent Developments/Updates
  • 2.7 ArcelorMittal
    • 2.7.1 ArcelorMittal Details
    • 2.7.2 ArcelorMittal Major Business
    • 2.7.3 ArcelorMittal Spring Steel Flat Bar Product and Services
    • 2.7.4 ArcelorMittal Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.7.5 ArcelorMittal Recent Developments/Updates
  • 2.8 Xiangtan Iron and Steel
    • 2.8.1 Xiangtan Iron and Steel Details
    • 2.8.2 Xiangtan Iron and Steel Major Business
    • 2.8.3 Xiangtan Iron and Steel Spring Steel Flat Bar Product and Services
    • 2.8.4 Xiangtan Iron and Steel Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.8.5 Xiangtan Iron and Steel Recent Developments/Updates
  • 2.9 Tibnor AB
    • 2.9.1 Tibnor AB Details
    • 2.9.2 Tibnor AB Major Business
    • 2.9.3 Tibnor AB Spring Steel Flat Bar Product and Services
    • 2.9.4 Tibnor AB Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.9.5 Tibnor AB Recent Developments/Updates
  • 2.10 Hunan Fushun Metal Co., Ltd
    • 2.10.1 Hunan Fushun Metal Co., Ltd Details
    • 2.10.2 Hunan Fushun Metal Co., Ltd Major Business
    • 2.10.3 Hunan Fushun Metal Co., Ltd Spring Steel Flat Bar Product and Services
    • 2.10.4 Hunan Fushun Metal Co., Ltd Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.10.5 Hunan Fushun Metal Co., Ltd Recent Developments/Updates
  • 2.11 Mead Metals Inc
    • 2.11.1 Mead Metals Inc Details
    • 2.11.2 Mead Metals Inc Major Business
    • 2.11.3 Mead Metals Inc Spring Steel Flat Bar Product and Services
    • 2.11.4 Mead Metals Inc Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.11.5 Mead Metals Inc Recent Developments/Updates
  • 2.12 Textron Steel
    • 2.12.1 Textron Steel Details
    • 2.12.2 Textron Steel Major Business
    • 2.12.3 Textron Steel Spring Steel Flat Bar Product and Services
    • 2.12.4 Textron Steel Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.12.5 Textron Steel Recent Developments/Updates
  • 2.13 Shanghai Metal Corporation
    • 2.13.1 Shanghai Metal Corporation Details
    • 2.13.2 Shanghai Metal Corporation Major Business
    • 2.13.3 Shanghai Metal Corporation Spring Steel Flat Bar Product and Services
    • 2.13.4 Shanghai Metal Corporation Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.13.5 Shanghai Metal Corporation Recent Developments/Updates
  • 2.14 Royal Ispat Udyog
    • 2.14.1 Royal Ispat Udyog Details
    • 2.14.2 Royal Ispat Udyog Major Business
    • 2.14.3 Royal Ispat Udyog Spring Steel Flat Bar Product and Services
    • 2.14.4 Royal Ispat Udyog Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.14.5 Royal Ispat Udyog Recent Developments/Updates
  • 2.15 Gerdau
    • 2.15.1 Gerdau Details
    • 2.15.2 Gerdau Major Business
    • 2.15.3 Gerdau Spring Steel Flat Bar Product and Services
    • 2.15.4 Gerdau Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.15.5 Gerdau Recent Developments/Updates
  • 2.16 Glorysteelwork
    • 2.16.1 Glorysteelwork Details
    • 2.16.2 Glorysteelwork Major Business
    • 2.16.3 Glorysteelwork Spring Steel Flat Bar Product and Services
    • 2.16.4 Glorysteelwork Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.16.5 Glorysteelwork Recent Developments/Updates
  • 2.17 Jiangsu Shagang Co., Ltd
    • 2.17.1 Jiangsu Shagang Co., Ltd Details
    • 2.17.2 Jiangsu Shagang Co., Ltd Major Business
    • 2.17.3 Jiangsu Shagang Co., Ltd Spring Steel Flat Bar Product and Services
    • 2.17.4 Jiangsu Shagang Co., Ltd Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.17.5 Jiangsu Shagang Co., Ltd Recent Developments/Updates
  • 2.18 Nanjing Iron & Steel
    • 2.18.1 Nanjing Iron & Steel Details
    • 2.18.2 Nanjing Iron & Steel Major Business
    • 2.18.3 Nanjing Iron & Steel Spring Steel Flat Bar Product and Services
    • 2.18.4 Nanjing Iron & Steel Spring Steel Flat Bar Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2020-2025)
    • 2.18.5 Nanjing Iron & Steel Recent Developments/Updates

3 Competitive Environment: Spring Steel Flat Bar by Manufacturer

  • 3.1 Global Spring Steel Flat Bar Sales Quantity by Manufacturer (2020-2025)
  • 3.2 Global Spring Steel Flat Bar Revenue by Manufacturer (2020-2025)
  • 3.3 Global Spring Steel Flat Bar Average Price by Manufacturer (2020-2025)
  • 3.4 Market Share Analysis (2024)
    • 3.4.1 Producer Shipments of Spring Steel Flat Bar by Manufacturer Revenue ($MM) and Market Share (%): 2024
    • 3.4.2 Top 3 Spring Steel Flat Bar Manufacturer Market Share in 2024
    • 3.4.3 Top 6 Spring Steel Flat Bar Manufacturer Market Share in 2024
  • 3.5 Spring Steel Flat Bar Market: Overall Company Footprint Analysis
    • 3.5.1 Spring Steel Flat Bar Market: Region Footprint
    • 3.5.2 Spring Steel Flat Bar Market: Company Product Type Footprint
    • 3.5.3 Spring Steel Flat Bar Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Spring Steel Flat Bar Market Size by Region
    • 4.1.1 Global Spring Steel Flat Bar Sales Quantity by Region (2020-2031)
    • 4.1.2 Global Spring Steel Flat Bar Consumption Value by Region (2020-2031)
    • 4.1.3 Global Spring Steel Flat Bar Average Price by Region (2020-2031)
  • 4.2 North America Spring Steel Flat Bar Consumption Value (2020-2031)
  • 4.3 Europe Spring Steel Flat Bar Consumption Value (2020-2031)
  • 4.4 Asia-Pacific Spring Steel Flat Bar Consumption Value (2020-2031)
  • 4.5 South America Spring Steel Flat Bar Consumption Value (2020-2031)
  • 4.6 Middle East & Africa Spring Steel Flat Bar Consumption Value (2020-2031)

5 Market Segment by Type

  • 5.1 Global Spring Steel Flat Bar Sales Quantity by Type (2020-2031)
  • 5.2 Global Spring Steel Flat Bar Consumption Value by Type (2020-2031)
  • 5.3 Global Spring Steel Flat Bar Average Price by Type (2020-2031)

6 Market Segment by Application

  • 6.1 Global Spring Steel Flat Bar Sales Quantity by Application (2020-2031)
  • 6.2 Global Spring Steel Flat Bar Consumption Value by Application (2020-2031)
  • 6.3 Global Spring Steel Flat Bar Average Price by Application (2020-2031)

7 North America

  • 7.1 North America Spring Steel Flat Bar Sales Quantity by Type (2020-2031)
  • 7.2 North America Spring Steel Flat Bar Sales Quantity by Application (2020-2031)
  • 7.3 North America Spring Steel Flat Bar Market Size by Country
    • 7.3.1 North America Spring Steel Flat Bar Sales Quantity by Country (2020-2031)
    • 7.3.2 North America Spring Steel Flat Bar Consumption Value by Country (2020-2031)
    • 7.3.3 United States Market Size and Forecast (2020-2031)
    • 7.3.4 Canada Market Size and Forecast (2020-2031)
    • 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

  • 8.1 Europe Spring Steel Flat Bar Sales Quantity by Type (2020-2031)
  • 8.2 Europe Spring Steel Flat Bar Sales Quantity by Application (2020-2031)
  • 8.3 Europe Spring Steel Flat Bar Market Size by Country
    • 8.3.1 Europe Spring Steel Flat Bar Sales Quantity by Country (2020-2031)
    • 8.3.2 Europe Spring Steel Flat Bar Consumption Value by Country (2020-2031)
    • 8.3.3 Germany Market Size and Forecast (2020-2031)
    • 8.3.4 France Market Size and Forecast (2020-2031)
    • 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
    • 8.3.6 Russia Market Size and Forecast (2020-2031)
    • 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

  • 9.1 Asia-Pacific Spring Steel Flat Bar Sales Quantity by Type (2020-2031)
  • 9.2 Asia-Pacific Spring Steel Flat Bar Sales Quantity by Application (2020-2031)
  • 9.3 Asia-Pacific Spring Steel Flat Bar Market Size by Region
    • 9.3.1 Asia-Pacific Spring Steel Flat Bar Sales Quantity by Region (2020-2031)
    • 9.3.2 Asia-Pacific Spring Steel Flat Bar Consumption Value by Region (2020-2031)
    • 9.3.3 China Market Size and Forecast (2020-2031)
    • 9.3.4 Japan Market Size and Forecast (2020-2031)
    • 9.3.5 South Korea Market Size and Forecast (2020-2031)
    • 9.3.6 India Market Size and Forecast (2020-2031)
    • 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
    • 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

  • 10.1 South America Spring Steel Flat Bar Sales Quantity by Type (2020-2031)
  • 10.2 South America Spring Steel Flat Bar Sales Quantity by Application (2020-2031)
  • 10.3 South America Spring Steel Flat Bar Market Size by Country
    • 10.3.1 South America Spring Steel Flat Bar Sales Quantity by Country (2020-2031)
    • 10.3.2 South America Spring Steel Flat Bar Consumption Value by Country (2020-2031)
    • 10.3.3 Brazil Market Size and Forecast (2020-2031)
    • 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

  • 11.1 Middle East & Africa Spring Steel Flat Bar Sales Quantity by Type (2020-2031)
  • 11.2 Middle East & Africa Spring Steel Flat Bar Sales Quantity by Application (2020-2031)
  • 11.3 Middle East & Africa Spring Steel Flat Bar Market Size by Country
    • 11.3.1 Middle East & Africa Spring Steel Flat Bar Sales Quantity by Country (2020-2031)
    • 11.3.2 Middle East & Africa Spring Steel Flat Bar Consumption Value by Country (2020-2031)
    • 11.3.3 Turkey Market Size and Forecast (2020-2031)
    • 11.3.4 Egypt Market Size and Forecast (2020-2031)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
    • 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

  • 12.1 Spring Steel Flat Bar Market Drivers
  • 12.2 Spring Steel Flat Bar Market Restraints
  • 12.3 Spring Steel Flat Bar Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Spring Steel Flat Bar and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Spring Steel Flat Bar
  • 13.3 Spring Steel Flat Bar Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Spring Steel Flat Bar Typical Distributors
  • 14.3 Spring Steel Flat Bar Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Spring Steel Flat Bar. Industry analysis & Market Report on Spring Steel Flat Bar is a syndicated market report, published as Global Spring Steel Flat Bar Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031. It is complete Research Study and Industry Analysis of Spring Steel Flat Bar market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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