U.S.: Flat-Rolled Steel Products Market 2025

Flat-Rolled Steel Products Market Size in the U.S.

The U.S. flat-rolled steel products market expanded sharply to $X in 2021, rising by 7.8% against the previous year. Over the period under review, consumption, however, recorded a slight curtailment. Flat-rolled steel products consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Flat-Rolled Steel Products Production in the U.S.

In value terms, flat-rolled steel products production totaled $X in 2021. In general, production, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 8.4% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Flat-Rolled Steel Products Exports

Exports from the U.S.

In 2021, shipments abroad of flat-rolled products of iron or non-alloy steel decreased by -6.8% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 32% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, flat-rolled steel products exports skyrocketed to $X in 2021. Overall, exports continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2017 when exports increased by 38% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Mexico (X tons), Canada (X tons) and Pakistan (X tons) were the main destinations of flat-rolled steel products exports from the United States, with a combined 67% share of total exports. India, the United Arab Emirates, Thailand, the Philippines, Peru, Bangladesh and Italy lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +78.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for flat-rolled steel products exported from the United States were Mexico ($X), Canada ($X) and Pakistan ($X), with a combined 77% share of total exports. These countries were followed by India, the United Arab Emirates, Thailand, the Philippines, Peru, Bangladesh and Italy, which together accounted for a further 16%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +51.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average flat-rolled steel products export price stood at $X per ton in 2021, increasing by 34% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Peru ($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 the Philippines (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Flat-Rolled Steel Products Imports

Imports into the U.S.

In 2021, purchases abroad of flat-rolled products of iron or non-alloy steel increased by 14% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +15.8% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 29% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, flat-rolled steel products imports surged to $X in 2021. The total import value increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Canada (X tons) were the main suppliers of flat-rolled steel products imports to the United States, together accounting for 72% of total imports. These countries were followed by China, Taiwan (Chinese), South Korea and the UK, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +35.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flat-rolled steel products suppliers to the United States were the Netherlands ($X), Germany ($X) and Canada ($X), together comprising 72% of total imports. These countries were followed by China, South Korea, Taiwan (Chinese) and the UK, which together accounted for a further 24%.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +33.2%, 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 2021, the average flat-rolled steel products import price amounted to $X per ton, surging by 13% against the previous year. Overall, the import price, however, showed a slight setback. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, 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 ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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