U.S.: Market for Hot-Rolled Round Bars Of Stainless Steel 2025

Market Size for Hot-Rolled Round Bars Of Stainless Steel in the U.S.

In 2021, the U.S. hot-rolled round stainless steel market decreased by -3.1% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Hot-Rolled Round Bars Of Stainless Steel in the U.S.

In value terms, hot-rolled round stainless steel production dropped to $X in 2021. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 35% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Hot-Rolled Round Bars Of Stainless Steel

Exports from the U.S.

After three years of decline, shipments abroad of hot-rolled round bars of stainless steel increased by 28% to X tons in 2021. In general, exports, however, recorded a drastic downturn. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, hot-rolled round stainless steel exports reached $X in 2021. Overall, exports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 60% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and China (X tons) were the main destinations of hot-rolled round stainless steel exports from the United States, together accounting for 80% of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +21.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Canada ($X), China ($X) and Mexico ($X) were the largest markets for hot-rolled round stainless steel exported from the United States worldwide, with a combined 70% share of total exports.

China, with a CAGR of +23.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average hot-rolled round stainless steel export price amounted to $X per ton, waning by -19.9% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 36% against the previous year. The export price peaked at $X per ton in 2020, and then dropped notably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Canada ($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 Singapore (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hot-Rolled Round Bars Of Stainless Steel

Imports into the U.S.

Hot-rolled round stainless steel imports into the United States totaled X tons in 2021, surging by 3.8% against 2020 figures. Overall, imports, however, continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by 44% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, hot-rolled round stainless steel imports rose significantly to $X in 2021. Over the period under review, imports, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2017 when imports increased by 27% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Italy (X tons), Ukraine (X tons) and Germany (X tons) were the main suppliers of hot-rolled round stainless steel imports to the United States, with a combined 77% share of total imports. These countries were followed by Brazil, Canada, the UK, Taiwan (Chinese) and Sweden, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +30.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Ukraine ($X) and Brazil ($X) constituted the largest hot-rolled round stainless steel suppliers to the United States, together comprising 71% of total imports. These countries were followed by Germany, Canada, the UK, Taiwan (Chinese) and Sweden, which together accounted for a further 19%.

Canada, with a CAGR of +29.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average hot-rolled round stainless steel import price amounted to $X per ton, surging by 10% against the previous year. Overall, the import price, however, showed a noticeable slump. The most prominent rate of growth was recorded in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :