U.S. Hot Rolled Coil Steel Market Size Worth USD 42.65 Billion by 2034 | CAGR: 4.9%

The U.S. hot rolled coil steel market size is expected to reach USD 42.65 billion by 2034, according to a new study by Polaris Market Research. The report “U.S. Hot Rolled Coil Steel Market Size, Share, Trends, Industry Analysis Report By Thickness (Less Than or Equal to 3mm, Greater Than 3mm), by End Use – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The U.S. hot rolled coil steel market encompasses the production and trade of steel that has been shaped by passing it through rollers at very high temperatures. This process, occurring above the steel's recrystallization point, makes the material easier to form and work with, resulting in a coiled product. Hot rolled coil steel is a foundational material due to its strength, durability, and cost-effectiveness, making it indispensable across a wide range of industrial applications.

The U.S. hot rolled coil steel market growth is driven by robust activities in sectors such as construction and infrastructure, where steel is vital for structural components, and the automotive industry, which uses it for vehicle frames and parts. The market's potential is also influenced by government initiatives promoting domestic manufacturing and infrastructure spending. Industry trends also reflect a push toward technological developments in steelmaking processes and a focus on sustainable production methods.

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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.
• A few key players in the market include Nucor Corporation, Cleveland-Cliffs Inc., United States Steel Corporation (U.S. Steel), Steel Dynamics, Inc. (SDI), Commercial Metals Company (CMC), JSW Steel USA Inc., and California Steel Industries, Inc. (CSI).

Polaris Market Research has segmented the U.S. hot rolled coil steel market report on the basis of thickness and end use:

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