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The U.S. hot rolled coil steel market was valued at USD 27.68 billion in 2024 and is expected to grow at a CAGR of 5.2% from 2025 to 2030. Growth is primarily driven by strong demand across key sectors such as construction, automotive, energy, and heavy machinery. Federal infrastructure programs significantly boost steel consumption, particularly for large-scale public works projects, including highways, bridges, and transit systems.
Due to ongoing investments in pipeline and drilling infrastructure, the oil and gas sector continues to be a major consumer of Hot Rolled Coil (HRC) steel. The revival of domestic manufacturing and reshoring efforts further support market expansion and strengthen the domestic industrial base. In addition, a recent federal move to raise tariffs on steel imports is helping reduce reliance on foreign steel, thereby enhancing the competitiveness of U.S.-made HRC and supporting local production. This shift in policy is expected to improve supply chain resilience and create a more favorable environment for domestic producers in the U.S. hot rolled coil steel industry. Advancements in steelmaking technology, such as Electric Arc Furnace (EAF) systems, digital automation, and low-emission manufacturing practices, are essential for modernizing the U.S. hot-rolled coil steel industry. These innovations improve efficiency and product quality while supporting national decarbonization goals, positioning the market for sustainable and resilient long-term growth.
U.S. Hot Rolled Coil Steel Market Segmentation
This report forecasts volume & revenue growth and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the U.S. hot rolled coil steel market report based on thickness, end-use, and region: