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PUBLISHER: Koncept Analytics | PRODUCT CODE: 1153838

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PUBLISHER: Koncept Analytics | PRODUCT CODE: 1153838

United States Crude Steel Industry: Insights & Forecast with Potential Impact of COVID-19 (2022-2026)

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The US crude steel market is forecasted to reach US$110.0 billion in 2026, experiencing growth at a CAGR of 6.12% during the period spanning from 2022 to 2026. Growth in the US crude steel market has been supported by factors such as booming automobile industry and accelerating urban population. The United States-Mexico-Canada Agreement (USMCA) is likely to have a positive impact on US crude steel market. However, the market growth is expected to be restrained by increasing problem of excess crude steelmaking capacity.

The US crude steel market by production process can be segmented into the following segments: electric arc furnace and basic oxygen furnace. In 2021, the dominant share of US crude steel market was held by: electric arc furnace, followed by basic oxygen furnace. The US crude steel market by chemical composition can be segmented as follows: carbon steel, alloy steel, stainless steel and tool steel. The largest share of the market was held by carbon steel, followed by alloy steel, stainless steel and tool steel. The US crude steel market by steel mill products can be segmented as follows: flat steel products and long steel products. The largest share of the market is held by flat steel products, followed by long steel products.

The US crude steel market by end user industry can be segmented into the following segments: construction, automotive, machinery/ equipment, energy, appliances and other applications. In 2021, the dominant share of market was held by construction industry, followed by automotive, machinery/ equipment industry. Factors such increased construction and infrastructure projects and booming oil and gas industry helped in boosting market growth of the US crude steel market.

Scope of the report:

  • The report provides a comprehensive analysis of the US crude steel market with potential impact of COVID-19.
  • The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
  • The company profiles of leading players (Cleveland Cliffs, Inc., Commercial Metals Company, Nucor Corporation, Steel Dynamics Inc., United States Steel Corporation and Reliance Steel and Aluminum Co.) are also presented in detail.

Key Target Audience:

  • Steel Manufacturers
  • Raw Material Providers
  • End Users (Businesses/ Consumers)
  • Investment Banks
  • Government Bodies & Regulating Authorities

Table of Contents

1. Market Overview

  • 1.1 Introduction- Steel
  • 1.2 Types of Steel
  • 1.3 Steel Products
    • 1.3.1 Flat Steel Products
    • 1.3.2 Long Steel Products
    • 1.3.3 Stainless Steel Products
  • 1.4 Value Chain Analysis
  • 1.5 Advantages of Steel
  • 1.6 Disadvantages of Steel

2. Impact of COVID- 19

  • 2.1 Impact of COVID-19 on US Steel Industry
  • 2.2 Price Volatility
  • 2.3 Reduced Demand of Steel
  • 2.4 Impact of COVID-19 on US Automotive Industry

3. Market Analysis

  • 3.1 The US Crude Steel Market Value
    • 3.1.1 The US Crude Steel Market by Value
    • 3.1.2 The US Crude Steel Market Forecast by Value
    • 3.1.3 The US Crude Steel Market Value by Chemical Composition
    • 3.1.4 The US Crude Steel (by Chemical Composition) Market by Value
    • 3.1.5 The US Crude Steel (by Chemical Composition) Market Forecast by Value
  • 3.2 The US Crude Steel Market by Chemical Composition
    • 3.2.1 The US Carbon Steel Market by Type
    • 3.2.2 The US Carbon Steel Type Market by Value
    • 3.2.3 The US Carbon Steel Type Market Forecast by Value
    • 3.2.4 The US Stainless Steel Market by Grade
    • 3.2.5 The US Stainless Steel Grade Market by Value
    • 3.2.6 The US Stainless Steel Grade Market Forecast by Value
  • 3.3 The US Crude Steel Market by Volume
    • 3.3.1 The US Crude Steel Production
    • 3.3.2 The US Crude Steel Production Forecast
    • 3.3.3 The US Apparent Crude Steel Consumption by Volume
  • 3.4 The US Crude Steel Market by Production Process
    • 3.4.1 The US Crude Steel Production Volume by Process
  • 3.5 The US Crude Steel Market by Steel Mill Products
    • 3.5.1 The US Crude Steel Mill Products Market by Volume
    • 3.5.2 The US Crude Steel Mill Products Market Forecast by Volume
  • 3.6 The US Crude Steel Market by End User
    • 3.6.1 The US Construction Steel Market by Volume
    • 3.6.2 The US Automotive Steel Market by Volume
    • 3.6.3 The US Machinery and Equipment Steel Market by Volume
    • 3.6.4 The US Energy Steel Market by Volume
    • 3.6.5 The US Appliances Steel Market by Volume
  • 3.7 The US Crude Steel Imports
    • 3.7.1 The US Crude Steel Imports by Volume
  • 3.8 The US Crude Steel Exports
    • 3.8.1 The US Crude Steel Exports by Volume

4. Market Dynamics

  • 4.1 Growth Drivers
    • 4.1.1 Booming Automobile Industry
    • 4.1.2 Accelerating Urban Population
    • 4.1.3 Increased Construction and Infrastructure Projects
    • 4.1.4 Accelerating Consumer Durables Industry
    • 4.1.5 Booming Oil and Gas Industry
  • 4.2 Key Trends
    • 4.2.1 Green Steel
    • 4.2.2 United States-Mexico-Canada Agreement (USMCA)
  • 4.3 Challenges
    • 4.3.1 Trade War and Increased Prices of Raw Materials
    • 4.3.2 Excess Capacity Problem

5. Company Profiles

  • 5.1 Cleveland Cliffs, Inc.
    • 5.1.1 Business Overview
  • 5.2 Commercial Metals Company
    • 5.2.1 Business Overview
  • 5.3 Nucor Corporation
    • 5.3.1 Business Overview
  • 5.4 Steel Dynamics, Inc.
    • 5.4.1 Business Overview
  • 5.5 United States Steel Corporation
    • 5.5.1 Business Overview
  • 5.6 Reliance Steel and Aluminum Co.
    • 5.6.1 Business Overview

List of Figures

  • Types of Steel
  • Types of Steel Products
  • Value Chain Analysis
  • Advantages of Steel
  • Disadvantages of Steel
  • The US Midwest Domestic Hot-Rolled Coil Steel Price (Jan 2017- Jan 2021)
  • Global Apparent Steel Use of Finished Steel Products (2016- 2020)
  • The US Motor Vehicle Domestic Sales and Production (2017- 2020)
  • The US Crude Steel Market by Value (2017-2021)
  • The US Crude Steel Market Forecast by Value (2022-2026)
  • The US Crude Steel Market Value by Chemical Composition (2021)
  • The US Crude Steel (by Chemical Composition) Market by Value (2017-2021)
  • The US Crude Steel (by Chemical Composition) Market Forecast by Value (2022-2026)
  • The US Carbon Steel Market by Type (2021)
  • The US Carbon Steel Type Market by Value (2017-2021)
  • The US Carbon Steel Type Market Forecast by Value (2022-2026)
  • The US Stainless Steel Market by Grade (2021)
  • The US Stainless Steel Grade Market by Value (2017-2021)
  • The US Stainless Steel Grade Market Forecast by Value (2022-2026)
  • The US Crude Steel Production (2017-2021)
  • The US Crude Steel Production Forecast (2022-2026)
  • The US Apparent Crude Steel Consumption by Volume (2017-2021)
  • The US Crude Steel Market by Production Process (2021)
  • The US Crude Steel Production Volume by Process (2017-2021)
  • The US Crude Steel Market by Steel Mill Products (2021)
  • The US Crude Steel Mill Products Market by Volume (2017-2021)
  • The US Crude Steel Mill Products Market Forecast by Volume (2022-2026)
  • The US Crude Steel Market by End User Industry (2021)
  • The US Construction Steel Market by Volume (2017-2021)
  • The US Automotive Steel Market by Volume (2017-2021)
  • The US Machinery and Equipment Steel Market by Volume (2017-2021)
  • The US Energy Steel Market by Volume (2017-2021)
  • The US Appliances Steel Market by Volume (2017-2021)
  • The US Crude Steel Imports (2021)
  • The US Crude Steel Imports by Volume (2017-2021)
  • The US Crude Steel Exports (2021)
  • The US Crude Steel Exports by Volume (2017-2021)
  • Production of Motor Vehicle in the US (2017-2021)
  • Urban population in the US (2017-2021)
  • Construction Spending in the US (2017-2021)
  • Industrial Production Index of Household Appliances (Jan 2017- Jan 2021)
  • The US Crude Oil First Purchase Price (2017-2021)
  • Global Iron Ore Price (2017-2021)
  • Global Nominal Crude Steelmaking Capacity (2017-2021)
  • End User Markets
  • Commercial Metals Company Timeline
  • Business Segments
  • Operations Segments
  • Business Segments
  • Business Segments

List of Tables

  • Applications of Steel
  • Applications of Stainless Steel
Have a question?
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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