Northern America: Non-Alloy Steel H-Sections Market 2025

Non-Alloy Steel H-Sections Market Size in Northern America

For the seventh consecutive year, the North American non-alloy steel h-sections market recorded growth in sales value, which increased by 7.1% to $X in 2022. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Non-Alloy Steel H-Sections Production in Northern America

In value terms, non-alloy steel h-sections production reached $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 17%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Non-Alloy Steel H-Sections Exports

Exports in Northern America

In 2022, overseas shipments of h-sections of of non-alloy steel increased by 1.4% to X tons, rising for the third consecutive year after two years of decline. In general, exports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 23%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-alloy steel h-sections exports surged to $X in 2022. Overall, exports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from the United States (X tons), together finishing at 99% of total export.

The United States was also the fastest-growing in terms of the h-sections of of non-alloy steel exports, with a CAGR of -7.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest non-alloy steel h-sections supplier in Northern America.

In the United States, non-alloy steel h-sections exports declined by an average annual rate of -2.1% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, picking up by 35% against the previous year. Export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy steel h-sections export price increased by +81.0% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +6.3% per year.

Non-Alloy Steel H-Sections Imports

Imports in Northern America

In 2022, supplies from abroad of h-sections of of non-alloy steel increased by 1% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 26% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, non-alloy steel h-sections imports surged to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +156.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 86% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Canada (X tons) was the major importer of h-sections of of non-alloy steel, generating 67% of total imports. It was distantly followed by the United States (X tons), mixing up a 33% share of total imports.

Canada experienced a relatively flat trend pattern with regard to volume of imports of h-sections of of non-alloy steel. At the same time, the United States (+7.3%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in Northern America, with a CAGR of +7.3% from 2012-2022. While the share of the United States (+14 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (-13.9 p.p.) displayed negative dynamics.

In value terms, Canada ($X) constitutes the largest market for imported h-sections of of non-alloy steel in Northern America, comprising 68% of total imports. The second position in the ranking was held by the United States ($X), with a 32% share of total imports.

In Canada, non-alloy steel h-sections imports increased at an average annual rate of +3.9% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by 36% against the previous year. Import price indicated a pronounced expansion 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, non-alloy steel h-sections import price increased by +116.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by 58%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.2%).

Source: IndexBox Platform

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