U.S.: Non-Alloy Steel H-Sections Market 2024

Non-Alloy Steel H-Sections Market Size in the U.S.

The U.S. non-alloy steel h-sections market rose slightly to $X in 2022, growing by 4.5% against the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Non-Alloy Steel H-Sections Production in the U.S.

In value terms, non-alloy steel h-sections production expanded modestly to $X in 2022. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 17% against the previous year. Non-alloy steel h-sections production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Non-Alloy Steel H-Sections Exports

Exports from the U.S.

In 2022, overseas shipments of h-sections of of non-alloy steel increased by 0.9% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of 22%. The exports peaked 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 soared to $X in 2022. In general, exports, however, recorded a pronounced contraction. The growth pace was the most rapid in 2021 when exports increased by 43% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for non-alloy steel h-sections exports from the United States, accounting for a 93% share of total exports. Moreover, non-alloy steel h-sections exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Canada stood at -7.4%.

In value terms, Canada ($X) remains the key foreign market for h-sections of of non-alloy steel exports from the United States, comprising 93% of total exports. The second position in the ranking was taken by Mexico ($X), with a 5.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at -1.5%.

Export Prices by Country

In 2022, the average non-alloy steel h-sections export price amounted to $X per ton, jumping by 34% against the previous year. In general, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.3% 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 +80.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 35%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Mexico totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+6.4%).

Non-Alloy Steel H-Sections Imports

Imports into the U.S.

In 2022, purchases abroad of h-sections of of non-alloy steel increased by 20% to X tons, rising for the second consecutive year after three years of decline. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 68%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, non-alloy steel h-sections imports skyrocketed to $X in 2022. Overall, imports posted a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 118%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, South Korea (X tons) constituted the largest non-alloy steel h-sections supplier to the United States, accounting for a 57% share of total imports. Moreover, non-alloy steel h-sections imports from South Korea exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. The third position in this ranking was held by Mexico (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+15.4% per year) and Mexico (+28.4% per year).

In value terms, South Korea ($X) constituted the largest supplier of h-sections of of non-alloy steel to the United States, comprising 60% of total imports. The second position in the ranking was taken by Mexico ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+33.0% per year) and the United Arab Emirates (+20.4% per year).

Import Prices by Country

The average non-alloy steel h-sections import price stood at $X per ton in 2022, picking up by 42% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 +107.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average import price increased by 46% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Luxembourg ($X per ton) and Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) and Mexico ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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