Global Hot Rolled Coil Steel Market Size & Outlook
Global hot rolled coil steel market, 2018-2030 (US$M)
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Global hot rolled coil steel market highlights
- The global hot rolled coil steel market generated a revenue of USD 355,223.7 million in 2024 and is expected to reach USD 435,653.2 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 5.7% by 2030.
- In terms of segment, greater than 3mm accounted for a revenue of USD 216,832.4 million in 2024.
- Less than or equal to 3mm is the most lucrative thickness segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, China is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 355,223.7 million |
| Market revenue in 2030 | USD 435,653.2 million |
| Growth rate | 5.7% (CAGR from 2025 to 2030) |
| Largest segment | Greater than 3mm |
| Fastest growing segment | Less than or equal to 3mm |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Less than or equal to 3mm, Greater than 3mm |
Other key industry trends
- In terms of revenue, the North America accounted for 10.8% of the global hot rolled coil steel market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 207,701.0 million by 2030.
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Hot Rolled Coil Steel Market Scope
Hot Rolled Coil Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Shougang Group Co, Ltd. | View profile | - | Beijing, Beijing, China, Asia | http://shougang.com.cn/en/ehtml/index.html |
| Hesteel | View profile | 1001-5000 | Shijiazhuang, Hebei, China, Asia | http://www.hbisco.com/site/en/index.html |
| Benxi Steel | View profile | 10001+ | Benxi, Liaoning, China, Asia | http://www.bxsteel.com/ |
| JFE Steel | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | https://www.jfe-steel.co.jp/en |
| Nucor Corporation | View profile | 10001+ | Charlotte, North Carolina, United States, North America | http://www.nucor.com |
| Tata Steel | View profile | 10001+ | Mumbai, Maharashtra, India, Asia | http://www.tatasteel.com |
| ArcelorMittal | View profile | 10001+ | Luxembourg, Luxembourg, Luxembourg, Europe | https://corporate.arcelormittal.com/ |
| China Baowu Steel Group | View profile | 1001-5000 | Shanghai, Shanghai, China, Asia | http://www.baowugroup.com |
| POSCO Holdings Inc ADR | View profile | 44501 | POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, Korea, Republic of, 06194 | https://www.posco.co.kr |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
Global hot rolled coil steel market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hot rolled coil steel market will help companies and investors design strategic landscapes.
Greater than 3mm was the largest segment with a revenue share of 61.04% in 2024. Horizon Databook has segmented the Global hot rolled coil steel market based on less than or equal to 3mm, greater than 3mm covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Hot Rolled Coil Steel Thickness Outlook (Revenue, USD Million, 2018-2030)
- Less than or equal to 3mm
- Greater than 3mm
- Global Hot Rolled Coil Steel End Use Outlook (Revenue, USD Million, 2018-2030)
- Construction & Infrastructure
- Oil & Gas / Energy
- Automotive
- Industrial Equipment
- Shipbuilding & Marine
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global hot rolled coil steel market , including forecasts for subscribers. This global databook contains high-level insights into Global hot rolled coil steel market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global hot rolled coil steel market size, by regions, 2018-2030 (US$M)
Top 10 countries: Hot rolled coil steel market size, 2024 (US$M)
Global hot rolled coil steel market share, by thickness, 2024 & 2030 (%, US$M)
Hot rolled coil steel market: Opportunity assessment by country
Global hot rolled coil steel market, by region, 2024 (US$M)
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