U.S. Rolled Steel Shape Market. Analysis And Forecast to 2030
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingU.S. Rolled Steel Shape Price Grows Slightly to $2,504 per Ton
U.S. Rolled Steel Shape Import Price in December 2022
In December 2022, the rolled steel shape price stood at $2,504 per ton (CIF, US), surging by 2.9% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in June 2022 when the average import price increased by 13% against the previous month. Over the period under review, average import prices attained the peak figure in December 2022.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Japan ($14,781 per ton), while the price for Sweden ($1,251 per ton) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Rolled Steel Shape Imports
In December 2022, approximately 7K tons of rolled steel shapes were imported into the United States; dropping by -23.6% on the previous month's figure. Overall, imports recorded a mild curtailment. The growth pace was the most rapid in March 2022 with an increase of 24% against the previous month. Imports peaked at 11K tons in May 2022; however, from June 2022 to December 2022, imports remained at a lower figure.
In value terms, rolled steel shape imports contracted sharply to $17M (IndexBox estimates) in December 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 with an increase of 35% month-to-month. Imports peaked at 25K tons in June 2022; however, from July 2022 to December 2022, imports remained at a lower figure.
U.S. Rolled Steel Shape Imports by Country
In December 2022, Canada (4.2K tons) constituted the largest supplier of rolled steel shape to the United States, accounting for a 60% share of total imports. Moreover, rolled steel shape imports from Canada exceeded the figures recorded by the second-largest supplier, Sweden (1K tons), fourfold. The third position in this ranking was taken by India (236 tons), with a 3.4% share.
From January 2022 to December 2022, the average monthly growth rate of volume from Canada stood at -1.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Sweden (-2.5% per month) and India (+2.8% per month).
In value terms, Canada ($6.3M) constituted the largest supplier of rolled steel shape to the United States, comprising 36% of total imports. The second position in the ranking was held by Japan ($1.9M), with an 11% share of total imports. It was followed by Germany, with an 11% share.
From January 2022 to December 2022, the average monthly rate of growth in terms of value from Canada amounted to -1.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: Japan (+6.1% per month) and Germany (+2.2% per month).
Rolled Steel Shape Market Overview
The U.S. is one of the leading producers and exporters of rolled steel shapes in the world. The demand for these products has been increasing steadily over the past few years and the country is now a major exporter of rolled steel shapes.
The production of rolled steel shapes in the US is largely concentrated in the Midwest region. The majority of the steel production takes place in the states of Illinois, Ohio, and Michigan.
The growing demand for structural steel products has seen an increase in the demand for rolled steel shapes in the US as well. Furthermore, there is also an increasing demand for eco-friendly and recycled steel products, which can help reduce the carbon footprint of steel production and provide further opportunities for producers.
This report provides an in-depth analysis of the rolled steel shape market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 331221 - Rolled steel shape manufacturing
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
