Hot Rolled Coil (HRC) Steel

Overview

Market size

$230.0B

global, USD

CAGR

3.2%

base to forecast

Buyer power

-2.0

supplier-favoured

Suppliers

tracked players

Signals

2 high severity

Market outlook

2031$269.2B

Asia Pacific demand62%

Europe demand14%

North America demand11%

Middle East & Africa demand7%

Rest of world demand6%

share of global demandtotal 100%

Iron Ore Feedstock35%

Metallurgical and Coking Coal25%

Energy and Electricity Utilities15%

Scrap Steel and Recycled Metals15%

Logistics and Regional Freight10%

share of delivered cost (analyst estimate)

10 tracked