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U.S. - Angles, Shapes And Sections Of Stainless Steel Or Other Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

U.S. - Angles, Shapes And Sections Of Stainless Steel Or Other Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights

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Jun 13, 2023

U.S. Stainless Steel Angle Import Shrinks 2% to $14M in April 2023

U.S. Stainless Steel Angle Imports

Stainless steel angle imports into the United States shrank slightly to 8.8K tons in April 2023, reducing by -3.5% against the previous month's figure. Overall, imports recorded a drastic downturn. The growth pace was the most rapid in January 2023 with an increase of 60% month-to-month.

In value terms, stainless steel angle imports dropped modestly to $14M (IndexBox estimates) in April 2023. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in January 2023 when imports increased by 75% m-o-m.

COUNTRYImport Value of Stainless Steel Angle in U.S. (million USD)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
Spain9.8N/AN/A10.44.5N/A6.30.12.41.73.55.65.4
India4.86.64.24.11.25.31.32.02.312.04.84.92.9
Italy0.60.70.50.70.60.90.41.50.90.41.21.01.8
United Kingdom9.96.312.512.65.97.32.76.83.61.01.20.71.5
Luxembourg2.42.21.0N/A5.81.94.64.40.64.81.50.60.8
Canada0.40.30.60.20.30.30.30.20.30.40.30.30.4
Others1.53.23.72.41.72.12.22.52.42.01.31.71.8
Total29.419.422.530.419.917.817.817.412.722.213.914.814.5

Imports by Country

In April 2023, Spain (5.7K tons) constituted the largest stainless steel angle supplier to the United States, with a 64% share of total imports. Moreover, stainless steel angle imports from Spain exceeded the figures recorded by the second-largest supplier, the UK (1.1K tons), fivefold. Luxembourg (809 tons) ranked third in terms of total imports with a 9.2% share.

From April 2022 to April 2023, the average monthly growth rate of volume from Spain totaled -3.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: the UK (-14.6% per month) and Luxembourg (-7.4% per month).

In value terms, Spain ($5.4M), India ($2.9M) and Italy ($1.8M) were the largest stainless steel angle suppliers to the United States, with a combined 69% share of total imports.

Italy, with a CAGR of +9.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Imports by Type

In April 2023, steel, alloy; angles, shapes and sections (8K tons) was the main type of stainless steel angle supplied to the United States, accounting for a 91% share of total imports. Moreover, steel, alloy; angles, shapes and sections exceeded the figures recorded for the second-largest type, steel, stainless (788 tons), tenfold.

From April 2022 to April 2023, the average monthly growth rate of the volume of import of steel, alloy; angles, shapes and sections stood at -7.0%.

In value terms, steel, alloy; angles, shapes and sections ($9.8M) constituted the largest type of stainless steel angle supplied to the United States, comprising 68% of total imports. The second position in the ranking was taken by steel, stainless ($4.6M), with a 32% share of total imports.

Import Prices by Country

In April 2023, the stainless steel angle price amounted to $1,641 per ton, therefore (CIF, US), remained relatively stable against the previous month. Over the period under review, import price indicated a modest expansion from April 2022 to April 2023: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on April 2023 figures, stainless steel angle import price decreased by -21.5% against January 2023 indices. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 50% m-o-m. The import price peaked at $2,316 per ton in June 2022; however, from July 2022 to April 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Italy ($9,644 per ton), while the price for Spain ($948 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the stainless steel angle 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:

  • Prodcom 24107200 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of stainless steel
  • Prodcom 24107300 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of other alloy steel
  • Prodcom 24312050 - Sections, of alloy steel other than stainless, cold-finished or cold-formed (e.g. by cold-drawing)
  • Prodcom 24331200 - Cold-formed sections, obtained from flat products, of stainless steel

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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