EU: Cold-Rolled Steel Products Market 2025

Cold-Rolled Steel Products Market Size in the EU

The EU cold-rolled steel products market contracted rapidly to $X in 2022, falling by -83.9% against the previous year. In general, consumption saw a deep contraction. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Cold-Rolled Steel Products Production in the EU

In value terms, cold-rolled steel products production declined slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by 9.5%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cold-Rolled Steel Products Exports

Exports in the EU

In 2022, overseas shipments of flat-rolled products of iron or steel (not further worked than cold-rolled) increased by 299% to X tons, rising for the second year in a row after three years of decline. Overall, exports recorded a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cold-rolled steel products exports soared to $X in 2022. In general, exports recorded prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland dominates exports structure, recording X tons, which was near 78% of total exports in 2022. It was distantly followed by Belgium (X tons), mixing up a 5% share of total exports. The following exporters - Germany (X tons), the Netherlands (X tons) and Italy (X tons) - together made up 9.1% of total exports.

Finland was also the fastest-growing in terms of the flat-rolled products of iron or steel (not further worked than cold-rolled) exports, with a CAGR of +49.2% from 2012 to 2022. The Netherlands and Belgium experienced a relatively flat trend pattern. Germany (-1.5%) and Italy (-2.5%) illustrated a downward trend over the same period. Finland (+73 p.p.) significantly strengthened its position in terms of the total exports, while the Netherlands, Italy, Germany and Belgium saw its share reduced by -8.2%, -9.2%, -14.2% and -15.1% from 2012 to 2022, respectively.

In value terms, Finland ($X) emerged as the largest cold-rolled steel products supplier in the European Union, comprising 66% of total exports. The second position in the ranking was taken by Belgium ($X), with a 7% share of total exports. It was followed by Germany, with a 6% share.

In Finland, cold-rolled steel products exports increased at an average annual rate of +36.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belgium (+4.7% per year) and Germany (+1.8% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, shrinking by -23.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 36% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+7.2%), while the other leaders experienced more modest paces of growth.

Cold-Rolled Steel Products Imports

Imports in the EU

In 2022, imports of flat-rolled products of iron or steel (not further worked than cold-rolled) in the European Union contracted to X tons, with a decrease of -9.2% against 2021 figures. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. As a result, imports reached the peak of X tons, and then shrank in the following year.

In value terms, cold-rolled steel products imports surged to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +93.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 63% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The purchases of the eight major importers of flat-rolled products of iron or steel (not further worked than cold-rolled), namely Germany, Italy, Belgium, the Netherlands, Poland, France, Spain and the Czech Republic, represented more than two-thirds of total import.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +5.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, together comprising 49% of total imports.

Italy, with a CAGR of +8.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, increasing by 30% against the previous year. Import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cold-rolled steel products import price increased by +79.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 38% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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