United States Hot-rolled Steel Sheet Market was valued at USD 25 Billion in 2022 and is projected to reach USD 35 Billion by 2030, growing at a CAGR of 4.6% from 2024 to 2030.
The US Hot-rolled Steel Sheet Market has seen notable growth and development over the years, driven by various industries' increasing demand for high-quality materials. This market has become a crucial element in the production and manufacturing sectors, particularly within construction, automotive, and heavy machinery industries. Hot-rolled steel sheets are favored for their strength, durability, and versatility, which are essential qualities across multiple applications. The demand for these steel sheets is expected to continue expanding as industries seek more robust and cost-effective materials for their projects.
The hot-rolled steel sheet is primarily produced by rolling the steel at high temperatures, making it ideal for structural applications. The advantages of this process include its cost-effectiveness, enhanced formability, and the ability to meet specific industry requirements. In the US, industries like automotive, construction, and machinery manufacturing are the major consumers of hot-rolled steel sheets due to their need for materials that can withstand high stress and pressure while maintaining structural integrity.
In the automotive sector, for instance, the demand for lightweight yet durable steel has driven the increased use of hot-rolled steel sheets. These sheets are utilized in manufacturing vehicle frames, body panels, and other components, thanks to their high tensile strength and malleability. Similarly, the construction industry heavily relies on hot-rolled steel sheets for structural beams, supports, and frameworks. The need for such materials stems from their capability to provide solid support in large-scale construction projects.
Furthermore, the machinery and heavy equipment industries require hot-rolled steel sheets for the manufacturing of parts and machinery components that must endure extreme operational conditions. The robust nature of hot-rolled steel makes it an ideal material for components used in mining, agriculture, and industrial machinery.
The future of the US Hot-rolled Steel Sheet Market looks promising, driven by the technological advancements in manufacturing processes and the growing demand across various industrial sectors. As more industries recognize the benefits of using high-quality, durable steel sheets, the market is expected to expand significantly in the coming years, making hot-rolled steel sheets a key component in the US industrial landscape.
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JFE Steel
Tata Steel
Hyundai Steel
Jiugang
JSW Steel
ArcelorMittal
Baowu Group
NSSMC
Ansteel Group
Hesteel Group
POSCO
Shougang
Benxi Steel group
ThyssenKrupp
Shagang Group
New Zealand Steel
Yarde Metals
Ternium
Erdemir
Nucor
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Hot-rolled Steel Sheet Market
Pickled & Oiled Steel Sheets
Black Steel Sheets
Hot-rolled Steel Coils
Hot-rolled Flat Sheets
Thin Gauge Steel Sheets (up to 3 mm)
Medium Gauge Steel Sheets (3 mm to 10 mm)
Thick Gauge Steel Sheets (above 10 mm)
Automotive Industry
Construction & Infrastructure
Shipbuilding
Machinery Manufacturing
Energy & Power Generation
Structural Steel Grade
High-Strength Low-Alloy (HSLA) Steel Grade
Micro-Alloyed Steel Grade
Commercial Quality Steel Grade
Steel Plates
Steel Coils
Steel Strips
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Hot-rolled Steel Sheet Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Hot-rolled Steel Sheet Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Hot-rolled Steel Sheet Market, By Type
6. US Hot-rolled Steel Sheet Market, By Application
7. US Hot-rolled Steel Sheet Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Hot-rolled Steel Sheet Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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