U.S. - Hot-Rolled Bars In Free-Cutting Steels - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingHot-Rolled Free-Cutting Steel Price in the United States - 2023
Contents:
- Hot-Rolled Free-Cutting Steel Price in the United States (CIF) - 2023
- Hot-Rolled Free-Cutting Steel Price in the United States (FOB) - 2023
- Hot-Rolled Free-Cutting Steel Imports in the United States
- Hot-Rolled Free-Cutting Steel Exports in the United States
Hot-Rolled Free-Cutting Steel Price in the United States (CIF) - 2023
In July 2023, the average hot-rolled free-cutting steel import price amounted to $1,375 per ton, increasing by 4.9% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 14% m-o-m. The import price peaked at $1,466 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($1,514 per ton), while the price for Canada ($1,258 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Canada (-0.3%), while the prices for the other major suppliers experienced a decline.
Hot-Rolled Free-Cutting Steel Price in the United States (FOB) - 2023
In July 2023, the average hot-rolled free-cutting steel export price amounted to $1,180 per ton, waning by -13.9% against the previous month. In general, the export price showed a slight shrinkage. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 15% against the previous month. Over the period under review, the average export prices attained the maximum at $1,491 per ton in September 2022; however, from October 2022 to July 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In July 2023, the countries with the highest prices were Mexico ($1,295 per ton) and Canada ($1,122 per ton), while the average price for exports to Singapore ($890 per ton) and Brazil ($890 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (0.0%), while the prices for the other major destinations experienced more modest paces of growth.
Hot-Rolled Free-Cutting Steel Imports in the United States
In 2022, the amount of hot-rolled bars in free-cutting steels imported into the United States expanded modestly to 48K tons, with an increase of 4.4% compared with the year before. Overall, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +3.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 67%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, hot-rolled free-cutting steel imports soared to $64M in 2022. In general, imports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 121% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Hot-Rolled Free-Cutting Steel in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 17.2 | 10.3 | 17.3 | 16.9 | -0.6% |
| France | 8.0 | 4.4 | 14.0 | 9.8 | 7.0% |
| Germany | 11.5 | 5.7 | 13.5 | 6.8 | -16.1% |
| Others | 2.8 | 0.9 | 2.2 | 30.7 | 122.2% |
| Total | 39.6 | 21.2 | 47.0 | 64.2 | 17.5% |
Top Suppliers of Hot-Rolled Free-Cutting Steel to the United States in 2022:
- Canada (19.3K tons)
- France (10.5K tons)
- Germany (6.2K tons)
Hot-Rolled Free-Cutting Steel Exports in the United States
In 2022, the amount of hot-rolled bars in free-cutting steels exported from the United States dropped notably to 7.8K tons, shrinking by -17.9% on the previous year. Overall, total exports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 60%. As a result, the exports reached the peak of 9.5K tons, and then declined sharply in the following year.
In value terms, hot-rolled free-cutting steel exports amounted to $11M in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 99%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Hot-Rolled Free-Cutting Steel in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.9 | 4.0 | 8.1 | 5.3 | 22.3% |
| Mexico | 2.3 | 1.4 | 3.0 | 2.7 | 5.5% |
| Tunisia | N/A | N/A | N/A | 0.1 | 0% |
| South Africa | N/A | N/A | N/A | 0.1 | 0% |
| China | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.6 | 0.4 | 0.3 | 3.1 | 72.9% |
| Total | 6.0 | 5.8 | 11.5 | 11.5 | 24.2% |
Top Export Markets for Hot-Rolled Free-Cutting Steel from the United States in 2022:
- Canada (4.6K tons)
- Mexico (2.6K tons)
- Tunisia (0.2K tons)
- South Africa (0.2K tons)
- China (0.1K tons)
This report provides an in-depth analysis of the hot-rolled free-cutting steel market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106230 - Hot-rolled bars in free-cutting steels
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
356
This report provides an in-depth analysis of the hot-rolled free-cutting steel market in the U.S..
497
This report provides an in-depth analysis of the concrete reinforcing bar market in the U.S..
332
This report provides an in-depth analysis of the forged steel bar market in the USA.
563
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in the U.S..
967
This report provides an in-depth analysis of the office furniture market in the U.S..
490
This report provides an in-depth analysis of the global hot-rolled free-cutting steel market.
742
This report provides an in-depth analysis of the global concrete reinforcing bar market.
375
Global Forged Steel Bar Market Report 2018. This report provides an in-depth analysis of the global forged steel bar market.
1658
This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod.
356
This report provides an in-depth analysis of the hot-rolled free-cutting steel market in the U.S..
368
The Concrete Reinforcing Bar price for June 2023 was $666 per ton (CIF, US), showing a decrease of -9.1% compared to the previous month.
462
The price of Hot-Rolled Steel Bar and Rod in July 2023 was $995 per ton (CIF, US), experiencing a 6.7% increase compared to the previous month.
181
Office Furniture imports reached a peak in October 2023, with a significant expansion to $77M in value terms.
364
Imports of Office Furniture decreased to $67M in June 2023.
473
In February 2023, the price of office furniture was measured at $13,745 (CIF, US) per ton, a 9.2% increase from the preceding month.
732
The revenue of the office furniture market in the U.S. amounted to $8.5B in 2018, surging by 4.7% against the previous yea...
1107
The U.S. dominates in imports of office furniture (except wood), accounting for X% of global share (based on USD). It was followed by Canada (X%), Germany (X%), and the UK (X%). In 2015, U.S. office furniture (except wood) imports totaled X million
123
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
1448
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
4230
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
