Global Hot Rolled Steel Coil Market size was valued at USD 170.24 Billion in 2021 and is projected to reach USD 285.01 Billion by 2032, growing at a CAGR of 4.83% from 2023 to 2032.
Mill processing is the practise of rolling steel at a high temperature (typically exceeding 1700° F) that is higher than the temperature at which the steel recrystallizes. Steel is easily moldable and may be manufactured in considerably greater sizes when it is above the recrystallization temperature. Due to the fact that hot rolled coil steel is generally manufactured without any process breaks and hence doesn’t require any reheating of the steel, it is typically less expensive than cold rolled coil steel (as it is with cold rolled). It is more difficult to control the size and shape of the completed product as compared to cold-rolled steel since the steel shrinks a little bit as it cools. When exact forms and tolerances are not required, hot rolled steel is employed.
Steel is rolled at a high temperature above the point at which it recrystallizes in a mill operation known as “hot rolling.” Before being coiled into coils, the high-temperature steel is permitted to pass between one or more pairs of rolls to thin it out or make it uniform. The action is quite similar to rolling out dough. In the course of processing, deformed grains recrystallize, keeping the microstructure equiaxed and avoiding the coil’s working hardening. For larger workpieces, this is done in an oil- or gas-fired soaking pit. Induction is utilised to heat tiny work components.
Consumption has gone up as a result of the enormous development in residential construction projects and the exponential expansion of infrastructure to support a growing population. However, the industry is continually under pressure as a result of years of excess steel production capacity and low profitability. The cost of modernising steelmaking facilities is growing, which heightens competition on a global scale. Applications that don’t require a lot of force or shape change are the best for hot-rolled coils. Hot-rolled coils are widely selected for a range of applications, including the building of ships, trucks, trains, and pipes.
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The Hot Rolled Steel Coil market report is a perfect foundation for people looking out for a comprehensive study and analysis of the Hot Rolled Steel Coil market. On the basis of historic growth analysis and current scenario of Hot Rolled Steel Coil market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Hot Rolled Steel Coil market. This further helps user with their developmental strategy.
This report examines all the key factors influencing growth of global Hot Rolled Steel Coil market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Hot Rolled Steel Coil market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.
Major Players
Hyundai Steel
Jingye Steel
China Baowu Steel Group
Nucor Corporation
JFE Steel Corporation
Ansteel Group
Shougang
Jianlong Group
POSCO
ArcelorMittal
NLMK Group
JSW Steel Ltd
Gerdau
United States Steel Corporation
Benxi Steel Group
ThyssenKrupp
Maanshan Steel
Tata Steel
Nippon Steel and Sumitomo Metal
Shagang Group
Hesteel Group
China Steel Corporation
Valin Steel Group
Steel Authority of RoW Limited
Anyang Group
Big River Steel LLC
Types
Hot Rolled Coils (Thickness Above 3mm)
Hot Rolled Coils (Thickness Below 3mm)
Applications
Construction
Transportation
Energy
Machinery
Others
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Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Hot Rolled Steel Coil market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Points:
Define, describe and forecast Hot Rolled Steel Coil product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
