Northern America: Cold-Rolled Steel Products Market 2024

Cold-Rolled Steel Products Market Size in Northern America

In 2022, the North American cold-rolled steel products market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption showed a significant expansion. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Cold-Rolled Steel Products Production in Northern America

In value terms, cold-rolled steel products production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X, and then fell in the following year.

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Cold-Rolled Steel Products Exports

Exports in Northern America

Cold-rolled steel products exports dropped modestly to X tons in 2022, waning by X% against the previous year's figure. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, cold-rolled steel products exports soared to $X in 2022. Total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

The United States was the key exporter of flat-rolled products of iron or steel (not further worked than cold-rolled) in Northern America, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Canada (X tons), constituting a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of X%).

In value terms, the United States ($X) remains the largest cold-rolled steel products supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

In the United States, cold-rolled steel products exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Cold-Rolled Steel Products Imports

Imports in Northern America

In 2022, purchases abroad of flat-rolled products of iron or steel (not further worked than cold-rolled) increased by X% to X tons, rising for the second year in a row after three years of decline. In general, imports enjoyed a strong expansion. The growth pace was the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, cold-rolled steel products imports skyrocketed to $X in 2022. Overall, imports posted a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

Canada represented the key importer of flat-rolled products of iron or steel (not further worked than cold-rolled) in Northern America, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. It was distantly followed by the United States (X tons), generating a X% share of total imports.

Canada was also the fastest-growing in terms of the flat-rolled products of iron or steel (not further worked than cold-rolled) imports, with a CAGR of X% from 2012 to 2022. At the same time, the United States (X%) displayed positive paces of growth. From 2012 to 2022, the share of Canada increased by X percentage points.

In value terms, the United States ($X) constitutes the largest market for imported flat-rolled products of iron or steel (not further worked than cold-rolled) in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, cold-rolled steel products imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, saw a deep contraction. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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