The global hot rolled steel market is anticipated to grow at a considerable CAGR of 3.4% during the forecast period. The market growth strategies adopted by market players including Tata Steel Ltd., Wuhan Iron and Steel Group Corp., Jiangsu Shagang Group Co., Ltd., Hebei Iron and Steel Group Co. Ltd., and Baosteel Group Corp. among others are one of the key factor contributing to the growth of the global hot rolled steel market. For instance, in June 2022, JSC has awarded Primetals Technologies with a contract for process and technology consulting services for their integrated steel plant in Dung Quat, Quang Ngai Province, Vietnam. The goal of the process and technology consulting services is “to study existing production performance and advise on possible improvements in product quality as well as on conversion cost reduction.”
Further, in January 2021, ArcelorMittal Nippon Steel India (AM/NS India) has signed an MoU with Posco Maharashtra Steel to supply hot rolled coils (HRC) in 2021. Sixth such agreement between the two companies since 2015, the MoU is valued at about Rs 5000 crore. As part of the agreement, AM/NS India and Posco Maharashtra Steel will jointly work to enhance the quality of current grades and develop new value-added grades to provide the best quality and state-of-the-art steel products & solutions to consumers. Such developments are anticipated to drive the growth of the global hot rolled steel market.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By End-User Industries
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including Tata Steel Ltd., Wuhan Iron and Steel Group Corp., Jiangsu Shagang Group Co., Ltd., Hebei Iron and Steel Group Co. Ltd., and Baosteel Group Corp. among others.
Hot Rolled Steel Market Report Segment
By End-User Industries
- Construction
- Automotive
- Aviation & Marine
- Yellow Goods and Mining Equipment
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Hot Rolled Steel Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- A G Universal Ltd.
- ArcelorMittal S.A
- Baosteel Group Corp.
- Hebei Iron and Steel Group Co. Ltd.
- Hyundai Steel Co., Ltd
- JFE Steel Corp.
- JSW Group
- Jiangsu Shagang Group Co., Ltd
- Nippon Steel Corp.
- Pohang Iron and Steel Co. (POSCO)
- Raunaq Steels Trading Pvt. Ltd.
- Shree Ji Steel Corp.
- Steel Authority of India Limited (SAIL)
- Tata Steel Ltd.
- Wuhan Iron and Steel Group Corp.
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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