Automotive Steel Sheet: Market Size & Forecast 2026

The global automotive steel sheet market sits at approximately USD 88.9 billion in 2025 (base year), advancing at a 3.7% CAGR through 2032 to roughly USD 114.5 billion. The category sits in a structurally tight balance: hot-rolled coil at USD 962/MT in the US and USD 635/MT in Western Europe (per Cato Institute tracking, 31 July 2025) reflects tariff-induced regional price bifurcation, while capacity additions have pivoted from greenfield mills to EAF transformation, decarbonization, and the new Section 232 "full customs value" regime that took effect 6 April 2026. > **Analyst Take.** the consensus 3.7% CAGR looks aggressive once Section 232 distortions are normalized. The category is mature; global vehicle production is roughly flat through 2030, and AHSS mix-shift already past the steepest leg of its S-curve. The real procurement inflection is regional price bifurcation, not headline v

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