U.S.: Rolled Steel Shape Market 2024

Rolled Steel Shape Market Size in the U.S.

The U.S. rolled steel shape market totaled $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Rolled Steel Shape Production in the U.S.

In value terms, rolled steel shape production totaled $X in 2022. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Rolled Steel Shape Exports

Exports from the U.S.

In 2022, the amount of rolled steel shapes exported from the United States contracted significantly to X tons, shrinking by X% against 2021 figures. In general, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, rolled steel shape exports contracted to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), China (X tons) and Canada (X tons) were the main destinations of rolled steel shape exports from the United States, with a combined X% share of total exports. Spain, Taiwan (Chinese), Germany, South Korea, Belgium, Japan, Singapore, India and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rolled steel shape exported from the United States were Mexico ($X), China ($X) and Canada ($X), with a combined X% share of total exports. Germany, Taiwan (Chinese), Spain, South Korea, Japan, the Netherlands, India, Belgium and Singapore lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average rolled steel shape export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, export price indicated a prominent expansion from 2013 to 2022: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, rolled steel shape export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Rolled Steel Shape Imports

Imports into the U.S.

In 2022, overseas purchases of rolled steel shapes increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, rolled steel shape imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2013 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of rolled steel shape to the United States, accounting for a X% share of total imports. Moreover, rolled steel shape imports from Canada exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2013 to 2022, the average annual rate of growth in terms of volume from Canada totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Germany (X% per year).

In value terms, Canada ($X) constituted the largest supplier of rolled steel shapes to the United States, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2013 to 2022, the average annual growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average rolled steel shape import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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