Report Update: Nov 1, 2024

U.S. - Angles, Shapes And Sections (Of Iron Or Non-Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights

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Iron Angle Prices in the United States

U.S. Iron Angle Import Price per Ton in August 2022

In August 2022, the iron angle price per ton stood at $1.2K (CIF, US), approximately mirroring the previous month. Over the last seven-month period, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in April 2022 when the average import price increased by 3.9% against the previous month. Over the period under review, average import prices reached the maximum at $1.3K per ton in May 2022; however, from June 2022 to August 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In August 2022, the country with the highest price was Germany ($1.6K per ton), while the price for the United Arab Emirates ($927.0 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 South Korea (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

U.S. Iron Angle Import Prices by Type

As there is only one major imported type of iron angle, the average price level is determined by prices for iron or non-alloy steel; l sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm.

From January 2022 to August 2022, the rate of growth in terms of prices for iron or non-alloy steel; t sections, hot-rolled, hot-drawn or extruded, of a height less than 80mm amounted to +19.5% per month.

U.S. Iron Angle Imports

In August 2022, imports of angles, shapes and sections (of iron or non-alloy steel) into the United States surged to 77K tons, increasing by 43% on the previous month's figure. Over the period under review, total imports indicated buoyant growth from January 2022 to August 2022: its volume increased at an average monthly rate of +6.1% 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 -10.0% against June 2022 indices. The most prominent rate of growth was recorded in June 2022 with an increase of 58% against the previous month. As a result, imports attained the peak of 85K tons. From July 2022 to August 2022, the growth of imports remained at a somewhat lower figure.

In value terms, iron angle imports skyrocketed to $96M (IndexBox estimates) in August 2022. Overall, total imports indicated a prominent increase from January 2022 to August 2022: its value increased at an average monthly rate of +7.3% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, imports decreased by -10.4% against June 2022 indices. The pace of growth appeared the most rapid in June 2022 with an increase of 53% m-o-m. As a result, imports attained the peak of $107M. From July 2022 to August 2022, the growth of imports failed to regain momentum.

U.S. Iron Angle Imports by Type

In August 2022, iron or non-alloy steel; l sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm (12K tons) was the main type of iron angle supplied to the United States, accounting for a approximately 100% 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; l sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm totaled +2.8%.

In value terms, iron or non-alloy steel; l sections, hot-rolled, hot-drawn or extruded, of a height of less than 80mm ($14M) constituted the largest type of iron angle supplied to the United States.

U.S. Iron Angle Imports by Country

Mexico (30K tons), Canada (17K tons) and Luxembourg (12K tons) were the main suppliers of iron angle imports to the United States, together accounting for 76% of total imports. the United Arab Emirates, South Korea, Spain and Germany lagged somewhat behind, together accounting for a further 21%.

From January 2022 to August 2022, the biggest increases were in Spain (with a CAGR of +136.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest iron angle suppliers to the United States were Mexico ($34M), Canada ($23M) and Luxembourg ($16M), with a combined 77% share of total imports. These countries were followed by the United Arab Emirates, South Korea, Germany and Spain, which together accounted for a further 19%.

Spain, with a CAGR of +123.7%, 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.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the iron 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 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)
Prodcom 24107120 - I-sections of a web height of .80 mm or more (of non-alloy steel)
Prodcom 24107130 - H-sections of a web height of .80 mm or more (of non-alloy steel)
Prodcom 24107140 - Other open sections, not further worked than hot-rolled, hotdrawn or extruded, of non-alloy 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:

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

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
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
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