U.S. Flat Steel MarketU.S. Flat Steel Market Is Set To Reach USD Billion By 2032, Growing At A CAGR Of 4.6
U.S. Flat Steel Market by Type (HRC, CRC, Sheets, Others), by Application (Construction, Automotive & Transportation, Mechanical Equipment, Energy, Packaging, Others), by Forecast 2024-2032
Base Year: 2023
60 Pages
U.S. Flat Steel Market Is Set To Reach USD Billion By 2032, Growing At A CAGR Of 4.6
Key Insights
The U.S. Flat Steel Market size was valued at USD 77.62 USD Billion in 2023 and is projected to reach USD 106.34 USD Billion by 2032, exhibiting a CAGR of 4.6 % during the forecast period. The focus of the present study is the U. S. flat steel market, an important sector of the global network of steel producers and suppliers, that provides customers with wide-ranging flat-rolled products, including hot-rolled, cold-rolled, and coated steel sheets and plates. Still famous for its high strength, durability, as well as adaptability, these materials are widely used in the automotive industry, construction equipment, machines, as well as home appliances. Hot-rolled steel on the other hand is cheaper and is used in applications that do not require much surface finishing while cold-rolled steel has a smooth surface finish and a high level of accuracy. Technological improvements in some mystical coatings, such as galvanization, have made the material more resistant to corrosion and durable. The Flat steel market forges the growth of the economy by supporting vital industries and enhancing the properties through the application of technologies that lead to the improvement of product standards and are environmentally friendly.
U.S. Flat Steel Trends
- Growing preference for lightweight and fuel-efficient vehicles driving demand for high-strength steel in the automotive sector
- Rise in construction activities in residential and commercial sectors
- Increasing use of flat steel in the production of appliances, furniture, and other household goods
Driving Forces
- Booming construction industry
- Rising vehicle production
- Government incentives for infrastructure development
- Technological advancements in flat steel production
Challenges and Restraints
- Fluctuating raw material prices
- Increased competition from foreign steel producers
- Environmental regulations
Emerging Trends
- Adoption of advanced manufacturing technologies to enhance efficiency and productivity
- Development of new steel grades with improved properties
- Growing trend towards sustainability
Growth Catalysts
- Government investments in infrastructure and defense sectors
- Expanding automotive industry
- Increasing demand for lightweight and corrosion-resistant materials
Market Segmentation
Type:
- Hot-rolled coil (HRC)
- Cold-rolled coil (CRC)
- Sheets
- Others
Application:
- Construction
- Automotive & Transportation
- Mechanical Equipment
- Energy
- Packaging
- Others
Leading Players
- Nippon Steel Corporation (Japan)
- Nucor Corporation (U.S.)
- Steel Dynamics, Inc. (U.S.)
- Ansteel Group (China)
- Boston Metal (U.S.)
- China Baowu Group (China)
- Cleveland-Cliffs (U.S.)
- United States Steel Corporation (U.S.)
Significant Developments
- May 2023: United States Steel Corporation closed USD 240 million worth of improvement revenue bonds from the Arkansas Development Finance Authority.
- January 2022: Nucor Corporation announced plans to build billion-dollar steel mills to meet the increasing domestic demand.
Comprehensive Coverage U.S. Flat Steel Market Report
The U.S. Flat Steel Market report provides comprehensive coverage of the market, including:
- Market size and forecasts
- Key trends and insights
- Competitive landscape
- Segmentation analysis
- Growth catalysts and challenges
- Regional analysis
Website Link
U.S. Flat Steel Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.6% from 2018-2032 |
| Segmentation |
|
Frequently Asked Questions
Table Of Content
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Automotive Industry to Act as a Growth Lever for the U.S. Flat Steel Market
- 3.3. Market Restrains
- 3.3.1. Various Changes Happening in the Steel Industry to Hamper the Profit Margins
- 3.4. Market Trends
- 3.4.1. Green Steel to Become Center of Attraction in the Long-Term Forecast
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Flat Steel Market Analysis, Insights and Forecast, 2018-2030
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. HRC
- 5.1.2. CRC
- 5.1.3. Sheets
- 5.1.4. Others
- 5.2. Market Analysis, Insights and Forecast - by Application
- 5.2.1. Construction
- 5.2.2. Automotive & Transportation
- 5.2.3. Mechanical Equipment
- 5.2.4. Energy
- 5.2.5. Packaging
- 5.2.6. Others
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1.
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. North America U.S. Flat Steel Market Analysis, Insights and Forecast, 2018-2030
- 6.1. Market Analysis, Insights and Forecast - By Type
- 6.1.1 HRC
- 6.1.2 CRC
- 6.1.3 Sheets
- 6.1.4 and Others
- 6.2. Market Analysis, Insights and Forecast - By Application
- 6.2.1 Construction
- 6.2.2 Automotive & Transportation
- 6.2.3 Mechanical Equipment
- 6.2.4 Energy
- 6.2.5 Packaging
- 6.2.6 and Others
- 6.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 6.3.1 United States
- 6.3.2 Canada
- 6.3.3 Mexico
- 7. South America U.S. Flat Steel Market Analysis, Insights and Forecast, 2018-2030
- 7.1. Market Analysis, Insights and Forecast - By Type
- 7.1.1 HRC
- 7.1.2 CRC
- 7.1.3 Sheets
- 7.1.4 and Others
- 7.2. Market Analysis, Insights and Forecast - By Application
- 7.2.1 Construction
- 7.2.2 Automotive & Transportation
- 7.2.3 Mechanical Equipment
- 7.2.4 Energy
- 7.2.5 Packaging
- 7.2.6 and Others
- 7.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 7.3.1 Brazil
- 7.3.2 Argentina
- 7.3.3 Rest of South America
- 8. Europe U.S. Flat Steel Market Analysis, Insights and Forecast, 2018-2030
- 8.1. Market Analysis, Insights and Forecast - By Type
- 8.1.1 HRC
- 8.1.2 CRC
- 8.1.3 Sheets
- 8.1.4 and Others
- 8.2. Market Analysis, Insights and Forecast - By Application
- 8.2.1 Construction
- 8.2.2 Automotive & Transportation
- 8.2.3 Mechanical Equipment
- 8.2.4 Energy
- 8.2.5 Packaging
- 8.2.6 and Others
- 8.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 8.3.1 Germany
- 8.3.2 France
- 8.3.3 Italy
- 8.3.4 United Kingdom
- 8.3.5 Netherlands
- 8.3.6 Rest of Europe
- 9. Asia Pacific U.S. Flat Steel Market Analysis, Insights and Forecast, 2018-2030
- 9.1. Market Analysis, Insights and Forecast - By Type
- 9.1.1 HRC
- 9.1.2 CRC
- 9.1.3 Sheets
- 9.1.4 and Others
- 9.2. Market Analysis, Insights and Forecast - By Application
- 9.2.1 Construction
- 9.2.2 Automotive & Transportation
- 9.2.3 Mechanical Equipment
- 9.2.4 Energy
- 9.2.5 Packaging
- 9.2.6 and Others
- 9.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 9.3.1 China
- 9.3.2 Japan
- 9.3.3 India
- 9.3.4 South Korea
- 9.3.5 Taiwan
- 9.3.6 Australia
- 9.3.7 Rest of Asia-Pacific
- 10. MEA U.S. Flat Steel Market Analysis, Insights and Forecast, 2018-2030
- 10.1. Market Analysis, Insights and Forecast - By Type
- 10.1.1 HRC
- 10.1.2 CRC
- 10.1.3 Sheets
- 10.1.4 and Others
- 10.2. Market Analysis, Insights and Forecast - By Application
- 10.2.1 Construction
- 10.2.2 Automotive & Transportation
- 10.2.3 Mechanical Equipment
- 10.2.4 Energy
- 10.2.5 Packaging
- 10.2.6 and Others
- 10.3. Market Analysis, Insights and Forecast - By Country/Sub-region
- 10.3.1 Middle East
- 10.3.2 Africa
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2023
- 11.2. Company Profiles
- 11.2.1 Nippon Steel Corporation (Japan)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Nucor Corporation (U.S.)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Steel Dynamics Inc. (U.S.)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Ansteel Group (China)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Boston Metal (U.S.)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 China Baowu Group (China)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Cleveland-Cliffs (U.S.)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 United States Steel Corporation (U.S.)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.1 Nippon Steel Corporation (Japan)
List of Figures
- Figure 1: U.S. Flat Steel Market Revenue Breakdown (USD Billion, %) by Product 2023 & 2031
- Figure 2: U.S. Flat Steel Market Value Share (%), by Type 2023 & 2031
- Figure 3: U.S. Flat Steel Market Value Share (%), by Application 2023 & 2031
- Figure 4: U.S. Flat Steel Market Share (%) by Company 2023
List of Tables
- Table 1: U.S. Flat Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 2: U.S. Flat Steel Market Volume Million Ton Forecast, by Type 2018 & 2031
- Table 3: U.S. Flat Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 4: U.S. Flat Steel Market Volume Million Ton Forecast, by Application 2018 & 2031
- Table 5: U.S. Flat Steel Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 6: U.S. Flat Steel Market Volume Million Ton Forecast, by Region 2018 & 2031
- Table 7: U.S. Flat Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 8: U.S. Flat Steel Market Volume Million Ton Forecast, by Type 2018 & 2031
- Table 9: U.S. Flat Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 10: U.S. Flat Steel Market Volume Million Ton Forecast, by Application 2018 & 2031
- Table 11: U.S. Flat Steel Market Revenue USD Billion Forecast, by Region 2018 & 2031
- Table 12: U.S. Flat Steel Market Volume Million Ton Forecast, by Region 2018 & 2031
- Table 13: U.S. Flat Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 14: U.S. Flat Steel Market Volume Million Ton Forecast, by Type 2018 & 2031
- Table 15: U.S. Flat Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 16: U.S. Flat Steel Market Volume Million Ton Forecast, by Application 2018 & 2031
- Table 17: U.S. Flat Steel Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 18: U.S. Flat Steel Market Volume Million Ton Forecast, by Country 2018 & 2031
- Table 19: United States U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 20: United States U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 21: Canada U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 22: Canada U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 23: Mexico U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 24: Mexico U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 25: U.S. Flat Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 26: U.S. Flat Steel Market Volume Million Ton Forecast, by Type 2018 & 2031
- Table 27: U.S. Flat Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 28: U.S. Flat Steel Market Volume Million Ton Forecast, by Application 2018 & 2031
- Table 29: U.S. Flat Steel Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 30: U.S. Flat Steel Market Volume Million Ton Forecast, by Country 2018 & 2031
- Table 31: Brazil U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 32: Brazil U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 33: Argentina U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 34: Argentina U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 35: Rest of South America U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 36: Rest of South America U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 37: U.S. Flat Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 38: U.S. Flat Steel Market Volume Million Ton Forecast, by Type 2018 & 2031
- Table 39: U.S. Flat Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 40: U.S. Flat Steel Market Volume Million Ton Forecast, by Application 2018 & 2031
- Table 41: U.S. Flat Steel Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 42: U.S. Flat Steel Market Volume Million Ton Forecast, by Country 2018 & 2031
- Table 43: Germany U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 44: Germany U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 45: France U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 46: France U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 47: Italy U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 48: Italy U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 49: United Kingdom U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 50: United Kingdom U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 51: Netherlands U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 52: Netherlands U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 53: Rest of Europe U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 54: Rest of Europe U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 55: U.S. Flat Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 56: U.S. Flat Steel Market Volume Million Ton Forecast, by Type 2018 & 2031
- Table 57: U.S. Flat Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 58: U.S. Flat Steel Market Volume Million Ton Forecast, by Application 2018 & 2031
- Table 59: U.S. Flat Steel Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 60: U.S. Flat Steel Market Volume Million Ton Forecast, by Country 2018 & 2031
- Table 61: China U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 62: China U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 63: Japan U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 64: Japan U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 65: India U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 66: India U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 67: South Korea U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 68: South Korea U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 69: Taiwan U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 70: Taiwan U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 71: Australia U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 72: Australia U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 73: Rest of Asia-Pacific U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 74: Rest of Asia-Pacific U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 75: U.S. Flat Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 76: U.S. Flat Steel Market Volume Million Ton Forecast, by Type 2018 & 2031
- Table 77: U.S. Flat Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 78: U.S. Flat Steel Market Volume Million Ton Forecast, by Application 2018 & 2031
- Table 79: U.S. Flat Steel Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 80: U.S. Flat Steel Market Volume Million Ton Forecast, by Country 2018 & 2031
- Table 81: Middle East U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 82: Middle East U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 83: Africa U.S. Flat Steel Market Revenue (USD Billion) Forecast, by Application 2018 & 2031
- Table 84: Africa U.S. Flat Steel Market Volume (Million Ton) Forecast, by Application 2018 & 2031
- Table 85: U.S. Flat Steel Market Revenue USD Billion Forecast, by Type 2018 & 2031
- Table 86: U.S. Flat Steel Market Volume Million Ton Forecast, by Type 2018 & 2031
- Table 87: U.S. Flat Steel Market Revenue USD Billion Forecast, by Application 2018 & 2031
- Table 88: U.S. Flat Steel Market Volume Million Ton Forecast, by Application 2018 & 2031
- Table 89: U.S. Flat Steel Market Revenue USD Billion Forecast, by Country 2018 & 2031
- Table 90: U.S. Flat Steel Market Volume Million Ton Forecast, by Country 2018 & 2031
| Aspects | Details |
|---|---|
| Study Period | 2018-2032 |
| Base Year | 2023 |
| Estimated Year | 2024 |
| Forecast Period | 2024-2032 |
| Historical Period | 2018-2023 |
| Growth Rate | CAGR of 4.6% from 2018-2032 |
| Segmentation |
|
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STEP 3 - Data Sources
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During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally after gathering mix and scattered data from wide range of sources, data is triangull- ated and correlated to come up with estimated figures which are further validated through primary mediums, or industry experts, opinion leader.
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