Hot Rolled Steel Coil Market Forecast 2024-2030: Essential Data for Business Investment

Hot Rolled Steel Coil Market

Hot rolling is a mill process which involves rolling the steel at a high temperature (typically at a temperature over 1700° F), which is above the steel's recrystallization temperature. When steel is above the recrystallization temperature, it can be shaped and formed easily, and the steel can be made in much larger sizes. Hot rolled steel is typically cheaper than cold rolled steel due to the fact that it is often manufactured without any delays in the process, and therefore the reheating of the steel is not required (as it is with cold rolled). When the steel cools off it will shrink slightly thus giving less control on the size and shape of the finished product when compared to cold rolled.

The global Hot Rolled Steel Coil market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.

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North American market for Hot Rolled Steel Coil is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

Asia-Pacific market for Hot Rolled Steel Coil is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.

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The major global manufacturers of Hot Rolled Steel Coil include ArcelorMittal, China Baowu Steel Group, Nippon Steel & Sumitomo Metal, JFE Steel Corporation, Ansteel Group, Tata Steel, Hesteel Group, POSCO and Nucor Corporation, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

This report aims to provide a comprehensive presentation of the global market for Hot Rolled Steel Coil, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Hot Rolled Steel Coil.

By Type
• Hot Rolled Coils (ThicknessAbove 3mm)
• Hot Rolled Coils (ThicknessBelow 3mm)

By Application
• Construction
• Transport
• Energy
• Machinery

Key Companies
ArcelorMittal, China Baowu Steel Group, Nippon Steel & Sumitomo Metal, JFE Steel Corporation, Ansteel Group, Tata Steel, Hesteel Group, POSCO, Nucor Corporation, Benxi Steel Group, Shougang, Shagang Group, NLMK Group, ThyssenKrupp, JSW Steel Ltd, Maanshan Steel, United States Steel Corporation, Jianlong Group, Valin Steel Group, Steel Authority of RoW Limited, China Steel Corporation, Hyundai Steel, Jingye Steel, Gerdau, Anyang Group

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This release was published on openPR.