U.S.: Non-Alloy Steel U-Section Market 2025

Non-Alloy Steel U-Section Market Size in the U.S.

In 2022, the U.S. non-alloy steel u-section market increased by 2.9% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 5.8% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Non-Alloy Steel U-Section Production in the U.S.

In value terms, non-alloy steel u-section production fell modestly to $X in 2022. Over the period under review, production continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14% against the previous year. Non-alloy steel u-section production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Non-Alloy Steel U-Section Exports

Exports from the U.S.

In 2022, after two years of growth, there was significant decline in shipments abroad of u-sections of non-alloy steel, when their volume decreased by -12.9% to X tons. Over the period under review, exports saw a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-alloy steel u-section exports totaled $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 75%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for non-alloy steel u-section exports from the United States, accounting for a 63% share of total exports. Moreover, non-alloy steel u-section exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), twofold. Australia (X tons) ranked third in terms of total exports with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+2.6% per year) and Australia (+50.1% per year).

In value terms, Canada ($X) remains the key foreign market for u-sections of non-alloy steel exports from the United States, comprising 65% of total exports. The second position in the ranking was held by Mexico ($X), with a 27% share of total exports. It was followed by Australia, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+6.5% per year) and Australia (+50.4% per year).

Export Prices by Country

The average non-alloy steel u-section export price stood at $X per ton in 2022, jumping by 15% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 u-section export price increased by +53.8% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 33%. Over the period under review, the average export prices reached the maximum 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 highest price was recorded for prices to Canada ($X per ton) and Colombia ($X per ton), while the average price for exports to Peru ($X per ton) and the Dominican Republic ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (+6.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Alloy Steel U-Section Imports

Imports into the U.S.

In 2022, overseas purchases of u-sections of non-alloy steel increased by 39% to X tons, rising for the third consecutive year after two years of decline. In general, total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +113.3% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 68%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, non-alloy steel u-section imports soared to $X in 2022. Overall, imports posted a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tons), Canada (X tons) and Japan (X tons) were the main suppliers of non-alloy steel u-section imports to the United States, with a combined 97% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +13.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Mexico ($X), Canada ($X) and Japan ($X) constituted the largest non-alloy steel u-section suppliers to the United States, together accounting for 97% of total imports.

Among the main suppliers, Canada, with a CAGR of +17.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-alloy steel u-section import price amounted to $X per ton, increasing by 35% against the previous year. Overall, import price indicated a notable 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 u-section import price increased by +96.0% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 46% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain 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 Canada ($X per ton) and South Korea ($X per ton), while the price for Germany ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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