U.S.: Market for Flat-Rolled Products Of Silicon-Electrical Steel 2025

Market Size for Flat-Rolled Products Of Silicon-Electrical Steel in the U.S.

The U.S. silicon-electrical steel flat-rolled product market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, saw a noticeable reduction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Production of Flat-Rolled Products Of Silicon-Electrical Steel in the U.S.

In value terms, silicon-electrical steel flat-rolled product production expanded significantly to $X in 2021. Overall, production, however, recorded a abrupt curtailment. Silicon-electrical steel flat-rolled product production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Flat-Rolled Products Of Silicon-Electrical Steel

Exports from the U.S.

In 2021, approx. X tons of flat-rolled products of silicon-electrical steel were exported from the United States; surging by 54% against the previous year's figure. Overall, exports, however, continue to indicate a deep setback. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, silicon-electrical steel flat-rolled product exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt downturn. The exports peaked 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 silicon-electrical steel flat-rolled product exports from the United States, accounting for a 59% share of total exports. Moreover, silicon-electrical steel flat-rolled product exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), twofold. India (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-9.7% per year) and India (-18.7% per year).

In value terms, Canada ($X) remains the key foreign market for flat-rolled products of silicon-electrical steel exports from the United States, comprising 66% of total exports. The second position in the ranking was held by Mexico ($X), with a 20% share of total exports. It was followed by Belgium, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-5.1% per year) and Belgium (-28.9% per year).

Export Prices by Country

The average silicon-electrical steel flat-rolled product export price stood at $X per ton in 2021, increasing by 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Malaysia ($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 Mexico (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flat-Rolled Products Of Silicon-Electrical Steel

Imports into the U.S.

In 2021, after three years of decline, there was significant growth in purchases abroad of flat-rolled products of silicon-electrical steel, when their volume increased by 44% to X tons. In general, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 58% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, silicon-electrical steel flat-rolled product imports soared to $X in 2021. Overall, imports, however, showed a abrupt descent. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X tons), South Korea (X tons) and France (X tons) were the main suppliers of silicon-electrical steel flat-rolled product imports to the United States, together comprising 89% of total imports. Romania, Russia, Austria, Sweden, China, Taiwan (Chinese) and Germany lagged somewhat behind, together accounting for a further 8.8%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +88.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), South Korea ($X) and France ($X) were the largest silicon-electrical steel flat-rolled product suppliers to the United States, with a combined 88% share of total imports. Russia, Romania, Sweden, Austria, China, Taiwan (Chinese) and Germany lagged somewhat behind, together comprising a further 8.7%.

Among the main suppliers, Romania, with a CAGR of +89.6%, saw the highest rates of growth with regard to 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

The average silicon-electrical steel flat-rolled product import price stood at $X per ton in 2021, surging by 17% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Sweden ($X per ton), while the price for Taiwan (Chinese) ($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 (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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