North America Hot Rolled Coil Price Forecast

Here you will find the latest independently calculated 12-month Carbon Steel price forecast for Hot Rolled Coil, covering the North America market.

Check now

Our steel price forecasts are carefully formulated by our dedicated team of steel price analysts. We deliver trusted steel price forecasts that are widely used by both multinational corporations and local manufacturing businesses. You can view forecast prices by the tonne (t), short ton, pound (lb) or kilogram (kg) - by using the drop-down table on the&#;North America&#;Carbon Steel Price Forecast&#;page.&#;

Get started today by ordering your North America Hot Rolled Coil Price Forecast below. All subscription rates are for a single-user licence. Multi-user licences are also available. To discuss company licence options, please contact us. If this isn&#;t what you&#;re looking for, check out our&#;steel forecasts&#;for other products and markets.&#;

Description

H1 : In H1 , prices of Hot Rolled Coil underwent fluctuations in the Asia Pacific region. In the first quarter of , the Chinese Hot Rolled Coil (HRC) market witnessed a notable upswing in prices, propelled by the enthusiasm of steel mills to produce HRC driven by improved profits, sales, and expectations of demand recovery. This upward trend was further fuelled by substantial investments in infrastructure. Maintenance activities in northeast China temporarily reduced HRC output, prompting terminal enterprises to adopt a cautious on-demand approach amid fears of potential price increases. The complex interplay of long-term and short-term market sentiments, coupled with steel mill maintenance impacted on the supply side, contributed to market intricacies. However, the second quarter of saw a consistent decline in Chinese HRC prices. Factors including falling feedstock prices and reduced overseas demand from the US and European markets due to rising inflation and countervailing duties imposed on Chinese-made steel products further contributed to this downturn. Downstream construction and automotive sectors also witnessed declines, with slow construction and infrastructural projects, while an inflation-induced reduction in local buying capacity increased the supply of HRC in the Chinese market.

 

H2 : In H2 , low number of fluctuations in Hot Rolled Coils prices were observed in the Asian market. In the third quarter of , Hot Rolled Coil (HRC) prices in the Taiwanese market experienced a significant decline, attributed to reduced demand in the automotive and construction sectors. This decline was influenced by a weakened domestic economy and the impact of a global economic downturn. US-based HRC manufacturers shifted to lower-cost pig iron from international sources in response to a shortage of steel scrap, effectively reducing production costs. Tesla's implementation of industrial automation resulted in employee layoffs and diminished demand for HRC in the automotive sector. Economic challenges, high inventory levels, and increasing interest rates discouraged substantial orders in the Taiwan HRC market. The oversupply situation was exacerbated by Chinese mills dumping HRC in Taiwan and other countries' warehouses, contributing to a persistently bearish market sentiment. The worsening economic conditions further curtailed HRC consumption and elevated local inventory levels. Despite these challenges, Taiwanese steel mills, including Chung Hung Steel Corporation (CHS) and China Steel Corporation (CSC), opted to raise HRC prices to counteract material cost increases. Overseas demand, particularly from Europe and the US, remained stable. 

 

The global Hot Rolled Coils market stood at approximately 300 million tonnes in and is anticipated to grow at a CAGR of 4.82% during the forecast period until . 

 

Hot Rolled Coils are manufactured from liquid/crude steel through the Melting and Reforming process, commonly known as Hot-Rolling. This involves continuously rolling steel at high temperatures, typically between 538 °C and 650 °C. The metal sheet is passed through rollers at this elevated temperature, above the metal's recrystallization temperature. Subsequently, the hot rolled steel undergoes a process involving a solution with a pH of less than 7. To achieve the desired thickness, the metal sheets are passed through rollers multiple times. Obtaining the desired hot-rolled product is challenging due to steel contracting as it cools. After production, pickling is carried out to remove impurities and inorganic contaminants from the Hot-Rolled Coil.

 

On the basis of type, Hot Rolled Coils market is segmented into &#; Between 3mm and 10mm (Thickness), More than 10mm (Thickness), Less than 3mm (Thickness). Although, Between 3mm and 10mm (Thickness), is the leading segment. As of , the demand for coils with a thickness of 3mm-10mm constitutes approximately 50% of the total market share and is projected to experience robust growth. The surge in demand for HR Coils is driven by the expanding needs in the construction and automotive sectors. Modifications in the composition of HR Coils within the 3mm-10mm range result in the desired strength along with an optimal material weight. HR Coils find applications in various sectors, including rebars, TMT, wires, sheets, rods, plates, etc. The primary end-use industries for HR Coils encompass construction, automotive, machinery, and other sectors. The rising demand for TMT, wires, rods, and rebars in the construction sector is anticipated to propel the HR Coil market in the forecasted years. Hot Rolled Coils market size is likely to reach roughly 480 million tonnes by .

 

Based on region, Asia Pacific region is the largest consumer of Hot Rolled Coils. Projections indicate that the Asia Pacific region will continue its dominance throughout the forecast period. This sustained leadership is underpinned by robust infrastructure development, escalating demand from the automotive industry, and supportive government policies. Notably, China and India emerge as key contributors to this dominance, standing as leading exporters of steel and steel products. Given their economic prominence in the Asia Pacific, these nations play pivotal roles in shaping the market dynamics. The continuous expansion of infrastructure, driven by significant investments and the burgeoning automotive sector, positions the Asia Pacific region as a key driver of growth in the Hot Rolled Coil market. As the demand for steel and related products remains high, particularly in emerging economies, the Asia Pacific market is poised for continued prominence and influence.

 

Based on the end-user industry, the global Hot Rolled Coils market is divided into Construction, Automotive, Machinery, and Others. However, Construction industry is the leading consumer of the global Hot Rolled Coils market. In , Construction industry held a market share of roughly 35% and is likely to sustain this position in the upcoming years as well. Another significant portion of the market is held by the automotive sector. 

 

Major players in the Global Hot Rolled Coils market are Cleaveland Cliff Groups, Ansteel Groups, Arcelormittal Steel Limited, China Baowu Group, HBIS Groups, JSW Steel Ltd., Nippon Steel Corp., POSCO, Shagang Group, Steel Authority of India Ltd., TATA Steel Ltd., Ternium Groups, US Steel Corp., and others.

 

Years considered for this report:

 

Historical Period: -

Base Year:

Estimated Year:

Forecast Period: -

 

This report will be delivered on an online digital platform with one-year subscription and quarterly update.

 

Objective of the Study: 

 

&#; To assess the demand-supply scenario of Hot Rolled Coils which covers production, demand and supply of Hot Rolled Coils   market in the globe.

&#; To analyse and forecast the market size of Hot Rolled Coils   

&#; To classify and forecast Global Hot Rolled Coils market based on end-use and regional distribution.

&#; To examine competitive developments such as expansions, mergers & acquisitions, etc., of Hot Rolled Coils market in the globe.

 

To extract data for Global Hot Rolled Coils market, primary research surveys were conducted with Hot Rolled Coils manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Hot Rolled Coils market over the coming years. 

 

ChemAnalyst calculated Hot Rolled Coils demand across the globe by analyzing the volume of Hot Rolled Coils consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 

 

 

Key Target Audience:

&#; Hot Rolled Coils manufacturers and other stakeholders

&#; Organizations, forums and alliances related to Hot Rolled Coils distribution

&#; Government bodies such as regulating authorities and policy makers

&#; Market research organizations and consulting companies

 

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Hot Rolled Coils manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

 

Report Scope:

In this report, Global Hot Rolled Coils market has been segmented into following categories, in addition to the industry trends which have also been detailed below: 

 

 

Attribute

 

 

Details

For more information, please visit Steelhighsen.

 

Market size Volume in

300 million tonnes

Market size Volume in

480 million tonnes

Growth Rate

CAGR of 4.82% from to

Base Year

Estimated Year

Historic Data

 &#;

Forecast period

&#;

Quantitative units

Demand in million tonnes and CAGR from to

 

Report coverage

Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Demand by Type, Company Share, Foreign Trade, Manufacturing Process.

 

Segments covered

By End-Use: (Construction, Automotive, Machinery, and Others)

By Sales Channel: (Direct Sale and Indirect Sale)

Regional scope

North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. 

Explore purchase options

 

 

Available Customizations:

With the given market data, ChemAnalyst offers customizations according to a company&#;s specific needs.

 

Are you interested in learning more about Hot Rolled Steel Coil Supplier? Contact us today to secure an expert consultation!

In case you do not find what, you are looking for, please get in touch with our custom research team at