U.S. - Flat-Rolled Products Of Iron Or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFlat-Rolled Steel Products Prices in the United States
U.S. Flat-Rolled Steel Products Import Price per Ton in August 2022
In August 2022, the flat-rolled steel products price per ton amounted to $2.0K (CIF, US), remaining constant against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +4.9%. The most prominent rate of growth was recorded in July 2022 an increase of 15% against the previous month. As a result, import price reached the peak level of $2.0K per ton, leveling off in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($2.4K per ton), while the price for Taiwan (Chinese) ($1.5K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Flat-Rolled Steel Products Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In August 2022, the product with the highest price was iron or non-alloy steel; flat-rolled, width less than 600mm, plated or coated with tin ($2.4K per ton), while the price for iron or non-alloy steel; flat-rolled, width 600mm or more, plated or coated with tin, thickness of 0.5mm or more ($1.6K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by iron or non-alloy steel; flat-rolled, width less than 600mm, plated or coated with tin (+13.8%), while the prices for the other products experienced more modest paces of growth.
U.S. Flat-Rolled Steel Products Imports
In August 2022, the amount of flat-rolled products of iron or non-alloy steel imported into the United States soared to 90K tons, with an increase of 22% compared with the previous month. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 when imports increased by 33% month-to-month.
In value terms, flat-rolled steel products imports soared to $179M (IndexBox estimates) in August 2022. Overall, total imports indicated a remarkable increase from January 2022 to August 2022: its value increased at an average monthly rate of +5.1% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, imports decreased by -3.0% against June 2022 indices. The pace of growth was the most pronounced in March 2022 with an increase of 51% against the previous month.
U.S. Flat-Rolled Steel Products Imports by Type
In August 2022, iron or non-alloy steel; flat-rolled, width 600mm or more, plated or coated with tin, thickness of less than 0.5mm (89K tons) was the main type of flat-rolled steel products supplied to the United States, with a 100% share of total imports. It was followed by iron or non-alloy steel; flat-rolled, width less than 600mm, plated or coated with tin (274 tons), with a 0.3% share of total imports.
From January 2022 to August 2022, the average monthly growth rate of the volume of import of iron or non-alloy steel; flat-rolled, width 600mm or more, plated or coated with tin, thickness of less than 0.5mm was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: iron or non-alloy steel; flat-rolled, width less than 600mm, plated or coated with tin (+6.4% per month) and iron or non-alloy steel; flat-rolled, width 600mm or more, plated or coated with tin, thickness of 0.5mm or more (-13.2% per month).
In value terms, iron or non-alloy steel; flat-rolled, width 600mm or more, plated or coated with tin, thickness of less than 0.5mm ($178M) constituted the largest type of flat-rolled steel products supplied to the United States, comprising 100% of total imports. The second position in the ranking was taken by iron or non-alloy steel; flat-rolled, width less than 600mm, plated or coated with tin ($667K), with a 0.4% share of total imports.
U.S. Flat-Rolled Steel Products Imports by Country
Germany (28K tons), the Netherlands (23K tons) and China (16K tons) were the main suppliers of flat-rolled steel products imports to the United States, with a combined 75% share of total imports. These countries were followed by Canada, the UK, South Korea, Taiwan (Chinese) and Spain, which together accounted for a further 24%.
From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +86.8%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Germany ($56M), the Netherlands ($45M) and Canada ($32M) were the largest flat-rolled steel products suppliers to the United States, with a combined 75% share of total imports. China, the UK, South Korea, Taiwan (Chinese) and Spain lagged somewhat behind, together accounting for a further 24%.
the UK, with a CAGR of +104.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the flat-rolled steel products 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 24105110 - Tinplate, other tinned sheet and strip, including electrolytically chromium coated steel (ECCS)
- Prodcom 243220Z1 - Steel sheet and strip as well as cold-rolled slit strip (of nonalloy steel), hot-dipped or electrolytically metal-coated, of a width < .600 mm
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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