Press release
U.S. Hot Rolled Coil Steel Market Predicted to Reach US$ 42.65 Billion Representing a CAGR of 4.9% From 2025 to 2034
U.S. Hot Rolled Coil Steel Market
The U.S. hot rolled coil steel market was valued at USD 26.50 billion in 2024 and is projected to reach approximately USD 42.65 billion by 2034, according to the latest report by Polaris Market Research. The report also highlights that the market is expected to grow at a strong compound annual growth rate (CAGR) of 4.9% during the forecast period from 2025 to 2034.
What is U.S. Hot Rolled Coil Steel Market?
The U.S. Hot Rolled Coil Steel Market refers to the industry focused on the production and distribution of flat-rolled steel products made at high temperatures. These coils are widely used in construction, automotive, machinery, and energy sectors due to their strength, durability, and cost-efficiency. The market is driven by infrastructure development, manufacturing demand, and domestic steel production advancements.
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What's Propelling Market Forward?
Ongoing innovation, rising demand across key sectors, and supportive industry trends are driving the upward trajectory of the U.S. Hot Rolled Coil Steel Market.
Below are some of the primary forces fueling this growth:
• Infrastructure Development & Construction Boom:
o Increasing investments in modernizing roads, bridges, public transit, and utilities are driving steel demand.
o Hot rolled coil steel is widely used due to its strength and durability in large construction projects.
o The Infrastructure Investment and Jobs Act (2021) allocates billions toward infrastructure, supporting long-term steel consumption.
o As per GMK Center (Sept 2024), these projects may require up to 50 million tons of metal products, boosting market growth.
• Rising Automotive Industry Demand:
o Hot rolled coil steel plays a critical role in vehicle production, especially for chassis and body structures.
o Increased vehicle manufacturing leads to higher steel demand from mills.
o According to the ICCT (Feb 2025), U.S. light-duty vehicle BiW steel demand is ~3.9 million tonnes annually.
o Overall automotive steel consumption in 2023 was approximately 11 million tonnes, indicating strong, steady demand.
Who Are Market Key Players?
This market features dynamic competition where prominent organizations continuously innovate and pursue strategic alliances to expand their market share and influence.
Key U.S. Hot Rolled Coil Steel Market participants include:
• California Steel Industries, Inc. (CSI)
• Cleveland-Cliffs Inc.
• Commercial Metals Company (CMC)
• JSW Steel USA Inc. (JSW Group)
• Nucor Corporation
• Steel Dynamics, Inc. (SDI)
• United States Steel Corporation (U.S. Steel)
• Worthington Steel
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U.S. Hot Rolled Coil Steel Market Report Highlights:
• By thickness, the greater than 3mm segment held a larger share in 2024. It is heavily used in demanding applications such as large-scale construction, heavy machinery, and certain automotive components, where its superior strength and durability are crucial for structural integrity and bearing heavy loads.
• By end use, the construction and infrastructure segment held the largest share in 2024. This dominance is driven by the continuous demand for steel in building new residential and commercial properties, as well as extensive government and private investments in crucial infrastructure projects such as bridges, roads, and public utility networks across the country.
Explore The Complete Comprehensive Report Here:
https://www.polarismarketresearch.com/industry-analysis/us-hot-rolled-coil-steel-market
How Is Market Segmentation Done?
The market segmentation section provides a clearer understanding of demand patterns and growth opportunities across different segments.
The market is segmented based on the following key parameters:
By Thickness Outlook (Revenue - USD Billion, 2020-2034)
• Less Than or Equal to 3mm
• Greater Than 3mm
By End Use Outlook (Revenue - USD Billion, 2020-2034)
• Construction & Infrastructure
• Oil & Gas/Energy
• Automotive
• Industrial Equipment
• Shipbuilding & Marine
• Others
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About Polaris Market Research & Consulting, Inc:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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