U.S. - U-Sections Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Alloy Steel U-Section Price in the United States - 2023
Contents:
- Non-Alloy Steel U-Section Price in the United States (FOB) - 2023
- Non-Alloy Steel U-Section Price in the United States (CIF) - 2023
- Non-Alloy Steel U-Section Exports in the United States
- Non-Alloy Steel U-Section Imports in the United States
Non-Alloy Steel U-Section Price in the United States (FOB) - 2023
The average non-alloy steel u-section export price stood at $1,257 per ton in September 2023, reducing by -5% against the previous month. Overall, the export price continues to indicate a mild reduction. The growth pace was the most rapid in January 2023 when the average export price increased by 4.6% m-o-m. As a result, the export price reached the peak level of $1,454 per ton. From February 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In September 2023, the country with the highest price was Canada ($1,369 per ton), while the average price for exports to the Dominican Republic ($979 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-0.7%), while the prices for the other major destinations experienced a decline.
Non-Alloy Steel U-Section Price in the United States (CIF) - 2023
The average non-alloy steel u-section import price stood at $821 per ton in September 2023, shrinking by -22.7% against the previous month. Overall, the import price recorded a perceptible curtailment. The growth pace was the most rapid in June 2023 when the average import price increased by 24% against the previous month. Over the period under review, average import prices reached the maximum at $1,254 per ton in October 2022; however, from November 2022 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($1,203 per ton), while the price for Mexico ($646 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (-0.2%), while the prices for the other major suppliers experienced a decline.
Non-Alloy Steel U-Section Exports in the United States
After three years of growth, overseas shipments of u-sections of non-alloy steel decreased by -12.9% to 47K tons in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +45.9% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 32% against the previous year. As a result, the exports reached the peak of 54K tons, and then reduced in the following year.
In value terms, non-alloy steel u-section exports totaled $66M in 2022. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 75%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Non-Alloy Steel U-Section in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 20.8 | 25.5 | 41.4 | 43.1 | 27.5% |
| Mexico | 6.1 | 8.0 | 20.6 | 18.0 | 43.4% |
| Australia | 1.2 | 0.8 | 0.8 | 1.7 | 12.3% |
| Dominican Republic | 0.5 | 1.2 | 1.3 | 1.5 | 44.2% |
| Others | 3.3 | 2.1 | 1.8 | 1.9 | -16.8% |
| Total | 31.9 | 37.6 | 65.9 | 66.2 | 27.6% |
Top Export Markets for Non-Alloy Steel U-Section from the United States in 2022:
- Canada (29.4K tons)
- Mexico (13.9K tons)
- Australia (1.3K tons)
- Dominican Republic (1.2K tons)
Non-Alloy Steel U-Section Imports in the United States
For the fourth year in a row, the United States recorded growth in overseas purchases of u-sections of non-alloy steel, which increased by 39% to 85K tons in 2022. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 46% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, non-alloy steel u-section imports surged to $107M in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Non-Alloy Steel U-Section in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 17.3 | 24.5 | 27.3 | 53.4 | 45.6% |
| Canada | 5.4 | 7.7 | 23.8 | 47.4 | 106.3% |
| Japan | 1.5 | 1.8 | 2.4 | 2.8 | 23.1% |
| Germany | 1.5 | 0.9 | 0.7 | 1.8 | 6.3% |
| South Korea | 0.7 | 1.5 | 2.7 | 0.6 | -5.0% |
| Others | 2.1 | 0.7 | 0.3 | 0.6 | -34.1% |
| Total | 28.5 | 37.1 | 57.1 | 107 | 55.4% |
Top Suppliers of Non-Alloy Steel U-Section to the United States in 2022:
- Mexico (45.1K tons)
- Canada (34.9K tons)
- Japan (2.4K tons)
- Germany (1.7K tons)
- South Korea (0.5K tons)
This report provides an in-depth analysis of the non-alloy steel u-section 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 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)
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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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
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