Hot Rolled Steel Coil Market Expands as Demand Surges in Construction and Automotive Sectors | Valuates Reports

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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Hot Rolled Steel Coil Market Trends
The Hot Rolled Steel Coil market size is growing steadily due to its widespread application in construction, automotive, shipbuilding, and industrial manufacturing. Known for its high strength, durability, and cost-effectiveness, hot rolled steel coils are essential for producing structural components, heavy machinery, and transportation equipment. The rise in infrastructure projects, urbanization, and industrial development is driving market growth, particularly in emerging economies.

In terms of market share, the construction and automotive industries are the largest consumers of hot rolled steel coils, benefiting from their high load-bearing capacity and formability. The expansion of electric vehicles (EVs), renewable energy projects, and smart city developments is further fueling demand. Additionally, advancements in steel manufacturing processes, including improved rolling techniques and eco-friendly production methods, are enhancing product quality and sustainability.

A comprehensive market analysis highlights the impact of raw material price fluctuations, global steel trade policies, and increasing investments in advanced steel production facilities. With major steel-producing regions in Asia-Pacific, North America, and Europe ramping up output to meet demand, the market revenue is expected to see continued growth, driven by technological innovations and rising industrialization trends worldwide.

Segment by Type
• Hot Rolled Coils (ThicknessAbove 3mm)
• Hot Rolled Coils (ThicknessBelow 3mm)

Segment by Application

• Construction
• Transport
• Energy
• Machinery
• Other

By Company

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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