United States Hot Rolled Structural Steel Market was valued at USD 32 Billion in 2022 and is projected to reach USD 45 Billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030.
The U.S. hot rolled structural steel market is experiencing significant shifts, influenced by recent policy changes and evolving industry dynamics. In February 2025, President Donald Trump announced a 25% tariff on steel and aluminum imports, effective March 12, aiming to bolster domestic production. This policy has led to a notable increase in steel prices, with manufacturers reporting surges of over 15% within two weeks. citeturn0news9 Hot rolled steel, characterized by its cost-effectiveness due to minimal processing, remains a dominant segment in the structural steel market. Its affordability and versatility make it a preferred choice for various construction applications. citeturn0search0 The construction sector, a primary consumer of structural steel, is witnessing robust growth. The residential segment, in particular, is expanding due to the increasing demand for high-rise buildings. This trend underscores the importance of hot rolled steel in meeting contemporary architectural and infrastructural needs. citeturn0search0 However, the recent tariffs have introduced challenges for manufacturers. Industries reliant on steel, such as automotive and machinery manufacturing, are grappling with rising costs and supply chain disruptions. Companies like Ford have expressed concerns over policy uncertainties and escalating expenses. citeturn0news14 Despite these challenges, some domestic steel producers view the tariffs as a protective measure against unfairly priced imports. Companies like U.S. Steel and Nucor have experienced stock surges, anticipating a more level playing field. citeturn0news16 The global structural steel market is projected to reach approximately $121.83 million by 2030, growing at a compound annual growth rate (CAGR) of 5.74%. This growth is driven by the escalating demand for infrastructure development and the inherent advantages of structural steel, such as flexibility and rapid fabrication. citeturn0search0 In summary, the U.S. hot rolled structural steel market is navigating a complex landscape marked by policy-induced price fluctuations and evolving demand patterns. Stakeholders must adapt to these changes to capitalize on emerging opportunities and mitigate potential challenges.
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Gerdau
ArcelorMittal
Tata Steel
Nippon Steel Sumitomo Metal
POSCO
ThyssenKrupp
JSW Steel
Essar Steel
TISCO
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 Structural Steel Market
Hot Rolled Steel Beams
Hot Rolled Steel Plates
Hot Rolled Steel Channels
Hot Rolled Steel Angles
Hot Rolled Steel Sheets
Construction
Automotive
Aerospace
Shipbuilding
Manufacturing
Energy and Power
Less than 6 mm
6 mm to 12 mm
12 mm to 25 mm
More than 25 mm
Coiled
Flat
Long Steel
Custom Shapes
Structural Steel
High-Strength Steel
Low-Temperature Steel
Corrosion-Resistant Steel
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 Structural Steel 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 Structural Steel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Hot Rolled Structural Steel Market, By Type
6. US Hot Rolled Structural Steel Market, By Application
7. US Hot Rolled Structural Steel Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Hot Rolled Structural Steel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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