U.S.: Market for Hot-Rolled Bars Of Silico-Manganese Steel 2025

Market Size for Hot-Rolled Bars Of Silico-Manganese Steel in the U.S.

The U.S. hot-rolled silico-manganese steel bar market contracted slightly to $X in 2021, dropping by -2.7% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Hot-Rolled Bars Of Silico-Manganese Steel in the U.S.

In value terms, hot-rolled silico-manganese steel bar production declined to $X in 2021. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 25%. Over the period under review, production reached the peak level at $X in 2020, and then shrank in the following year.

Exports of Hot-Rolled Bars Of Silico-Manganese Steel

Exports from the U.S.

In 2021, overseas shipments of hot-rolled bars of silico-manganese steel decreased by -45.4% to X tons, falling for the second year in a row after four years of growth. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 220% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, hot-rolled silico-manganese steel bar exports shrank notably to $X in 2021. Overall, exports saw a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 73% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for hot-rolled silico-manganese steel bar exports from the United States, with a 85% share of total exports. Moreover, hot-rolled silico-manganese steel bar exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-18.3% per year) and Germany (-52.4% per year).

In value terms, Canada ($X) remains the key foreign market for hot-rolled bars of silico-manganese steel exports from the United States, comprising 86% of total exports. The second position in the ranking was taken by Mexico ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at -4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-18.3% per year) and Germany (-51.6% per year).

Export Prices by Country

In 2021, the average hot-rolled silico-manganese steel bar export price amounted to $X per ton, picking up by 37% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hot-rolled silico-manganese steel bar export price increased by +102.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 48%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hot-Rolled Bars Of Silico-Manganese Steel

Imports into the U.S.

In 2021, supplies from abroad of hot-rolled bars of silico-manganese steel decreased by -44.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports saw a deep reduction. The growth pace was the most rapid in 2017 with an increase of 150%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, hot-rolled silico-manganese steel bar imports dropped significantly to $X in 2021. Over the period under review, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 127% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), the UK (X tons) and South Korea (X tons) were the main suppliers of hot-rolled silico-manganese steel bar imports to the United States, with a combined 74% share of total imports. Vietnam, India, Luxembourg, Canada and Germany lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +542.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), the Czech Republic ($X) and South Korea ($X) appeared to be the largest hot-rolled silico-manganese steel bar suppliers to the United States, together comprising 74% of total imports. India, Vietnam, Luxembourg, Canada and Germany lagged somewhat behind, together comprising a further 20%.

India, with a CAGR of +1,648.1%, saw the highest growth rate of 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.

Import Prices by Country

The average hot-rolled silico-manganese steel bar import price stood at $X per ton in 2021, dropping by -17.4% against the previous year. Over the period under review, the import price, however, recorded a notable increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 122% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+172.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :