Get the latest insights on price movement and trend analysis of Cold Rolled Steel Sheet in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip (WPU101707) from Jun 1982 to Jun 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

HRC Steel rose to 847.04 USD/T on August 1, 2025, up 0.84% from the previous day. Over the past month, HRC Steel's price has fallen 4.29%, but it is still 24.38% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. This dataset includes a chart with historical data for HRC Steel.

Graph and download economic data for Producer Price Index by Industry: Rolled Steel Shape Manufacturing: Cold Rolled Steel Sheet and Strip, Made from Purchased Steel (PCU3312213312211) from Jan 1967 to Jun 2025 about purchase, steel, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip was 392.04700 Index Jun 1982=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip reached a record high of 711.61100 in November of 2021 and a record low of 99.40000 in January of 1983. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Sheet and Strip, Including Tin Mill Products (WPU10170301) from Dec 2003 to Feb 2022 about tin, mills, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data was reported at 67,850.000 INR/Metric Ton in Apr 2025. This records an increase from the previous number of 66,080.000 INR/Metric Ton for Mar 2025. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data is updated monthly, averaging 48,690.000 INR/Metric Ton from Aug 2003 (Median) to Apr 2025, with 257 observations. The data reached an all-time high of 94,990.000 INR/Metric Ton in Apr 2022 and a record low of 24,300.000 INR/Metric Ton in Oct 2003. Metal and Steel Price: Delhi: Cold Rolled Coils 1.00 mm data remains active status in CEIC and is reported by Joint Plant Committee. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAC008: Metal and Steel Retail Prices: New Delhi: Monthly.

United States - Producer Price Index by Industry: Rolled Steel Shape Manufacturing: Cold Rolled Steel Sheet and Strip, Made from Purchased Steel was 297.97300 Index Jun 1982=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Rolled Steel Shape Manufacturing: Cold Rolled Steel Sheet and Strip, Made from Purchased Steel reached a record high of 548.59600 in November of 2021 and a record low of 30.40000 in February of 1967. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Rolled Steel Shape Manufacturing: Cold Rolled Steel Sheet and Strip, Made from Purchased Steel - last updated from the United States Federal Reserve on August of 2025.

During the fourth quarter of 2024, the cold rolled coil prices in the United States reached 1260 USD/MT. The market faced downward pricing pressure due to excess supply and weak demand from the automotive and construction sectors. Rising imports intensified competition, while global trade uncertainties further weighed on market sentiment.

Explore IMARC’s newly published report, titled “Cold Rolled Coil Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of cold rolled coil pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

Cold-Rolled Steel Sheet Market Outlook

According to our latest research, the global cold-rolled steel sheet market size reached USD 130.2 billion in 2024, reflecting robust demand across key industries. The market is projected to expand at a CAGR of 5.1% from 2025 to 2033. By the end of 2033, the market is forecasted to reach USD 202.3 billion. The growth is primarily driven by increasing consumption in the automotive and construction sectors, technological advancements in steel processing, and the rising need for high-strength, lightweight materials in manufacturing industries.

One of the primary growth factors for the cold-rolled steel sheet market is the burgeoning automotive industry, which is increasingly utilizing lightweight, high-strength steel to enhance fuel efficiency and meet stringent emission regulations. Cold-rolled steel sheets offer superior surface finish, precise dimensions, and enhanced mechanical properties compared to hot-rolled alternatives, making them indispensable for manufacturing car bodies, chassis, and structural components. The shift towards electric vehicles (EVs) and hybrid vehicles has further accelerated the adoption of advanced steel grades, as manufacturers seek materials that optimize weight without compromising safety or durability. Additionally, the ongoing trend of automotive light-weighting, coupled with investments in research and development for innovative steel solutions, is expected to sustain healthy demand over the forecast period.

Another significant driver for market expansion is the rapid urbanization and infrastructure development, particularly in emerging economies. The construction sector relies heavily on cold-rolled steel sheets for applications such as roofing, wall panels, and structural frameworks, owing to their excellent strength-to-weight ratio, corrosion resistance, and aesthetic appeal. Governments across Asia Pacific, the Middle East, and Africa are channeling substantial investments into residential, commercial, and industrial infrastructure projects, thereby fueling the consumption of high-quality steel products. Moreover, the trend towards green buildings and sustainable construction practices is encouraging the use of recyclable materials like cold-rolled steel, further bolstering market growth.

The appliance and industrial equipment sectors also contribute significantly to the growth trajectory of the cold-rolled steel sheet market. Manufacturers of home appliances such as refrigerators, washing machines, and air conditioners prefer cold-rolled steel for its formability, consistent thickness, and smooth finish, which are essential for producing sleek, durable, and energy-efficient products. In industrial machinery and equipment manufacturing, cold-rolled steel sheets are valued for their ability to withstand heavy loads, resist deformation, and offer ease of fabrication. The rising adoption of automation and advanced manufacturing technologies has increased the demand for precision-engineered steel components, further amplifying the market’s expansion.

From a regional perspective, Asia Pacific continues to dominate the global cold-rolled steel sheet market, accounting for the largest share in both production and consumption. The presence of major steel-producing countries such as China, India, Japan, and South Korea, coupled with rapid industrialization and infrastructure growth, underpins the region’s leadership. North America and Europe also represent significant markets, driven by technological innovation, stringent quality standards, and a strong focus on sustainable manufacturing. Meanwhile, Latin America and the Middle East & Africa are emerging as promising markets, supported by rising investments in construction, automotive, and industrial sectors. The interplay of these regional dynamics is expected to shape the competitive landscape and growth opportunities in the coming years.

Product Type Analysis

The cold-rolled steel sheet market is segmented by product type into mild steel, high-strength

United States - Producer Price Index by Industry: Iron and Steel Mills and Ferroalloy Manufacturing: Cold Rolled Steel Sheet and Strip was 276.90000 Index Jun 1982=100 in February of 2021, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Iron and Steel Mills and Ferroalloy Manufacturing: Cold Rolled Steel Sheet and Strip reached a record high of 276.90000 in February of 2021 and a record low of 29.70000 in February of 1965. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Iron and Steel Mills and Ferroalloy Manufacturing: Cold Rolled Steel Sheet and Strip - last updated from the United States Federal Reserve on July of 2025.

United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes was 263.40500 Index Jun 1982=100 in June of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes reached a record high of 334.08500 in July of 2022 and a record low of 94.00000 in August of 2001. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Hot Rolled Steel Bars, Plates, and Structural Shapes - last updated from the United States Federal Reserve on July of 2025.

The global hot-rolled steel sheet market is experiencing robust growth, driven by the increasing demand from the construction, automotive, and manufacturing sectors. While precise figures for market size and CAGR are not provided, based on industry analysis and reports from similar markets, we can reasonably estimate the 2025 market size to be approximately $150 billion USD. Considering the ongoing expansion in infrastructure projects globally and the continued growth of the automotive industry, a conservative Compound Annual Growth Rate (CAGR) of 4-5% is projected for the forecast period 2025-2033. This growth is fueled by several key factors, including rising urbanization and infrastructure development, the increasing adoption of steel in lightweight vehicles to improve fuel efficiency, and the expanding use of steel in various industrial applications like appliances and machinery. However, fluctuating raw material prices, especially iron ore, and the increasing implementation of stringent environmental regulations pose significant challenges to market expansion. These challenges may slightly temper the growth rate throughout the forecast period. The competitive landscape is highly fragmented, with numerous major players like JFE Steel, Tata Steel, ArcelorMittal, and POSCO vying for market share. These companies are continuously investing in research and development to enhance product quality, improve production efficiency, and explore innovative steel manufacturing processes. The regional distribution of the market is expected to be largely influenced by economic growth and industrial activity in various regions. While Asia-Pacific is currently the largest consumer, regions like North America and Europe are also expected to witness steady growth, primarily driven by industrial modernization and ongoing infrastructure investments. To maintain a competitive edge, market participants are focusing on strategic partnerships, mergers and acquisitions, and geographical expansion, alongside the development of advanced, high-strength steel grades to cater to emerging applications.

Cold Rolled Steel Sheet Market Outlook

The global cold rolled steel sheet market size was valued at approximately USD 120 billion in 2023 and is projected to reach around USD 170 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.0% during the forecast period. The growth in the market is primarily driven by rising demand from the automotive and construction sectors, which are major consumers of cold rolled steel sheets. This demand is fueled by the need for high-strength, durable, and aesthetically appealing materials in these industries.

One of the key growth factors for the cold rolled steel sheet market is the increasing demand for lightweight and high-strength materials in the automotive industry. Automakers are increasingly focusing on reducing vehicle weight to improve fuel efficiency and reduce carbon emissions. Cold rolled steel sheets offer an optimal combination of strength, formability, and surface quality, making them an ideal choice for automotive applications, including body panels, structural components, and underbody parts. Additionally, the stringent regulations on fuel efficiency and emissions set by various governments are compelling automakers to adopt advanced materials, thereby driving the market growth.

The construction industry is another significant driver for the cold rolled steel sheet market. The global infrastructure development, urbanization, and the rise in residential and commercial construction activities are propelling the demand for high-quality construction materials. Cold rolled steel sheets are widely used in the construction sector for applications such as roofing, wall cladding, and structural components due to their superior surface finish, high strength-to-weight ratio, and excellent corrosion resistance. Moreover, the growing trend of green buildings and sustainable construction practices is likely to further boost the demand for cold rolled steel sheets, as they are recyclable and have a lower environmental impact compared to other materials.

The home appliances sector also contributes significantly to the growth of the cold rolled steel sheet market. The increasing consumer preference for aesthetically pleasing and energy-efficient appliances is driving manufacturers to use high-quality materials like cold rolled steel sheets. These sheets are used in the production of various home appliances, including refrigerators, washing machines, ovens, and microwaves, due to their excellent surface finish, formability, and durability. The rapid technological advancements and the introduction of smart home appliances are expected to further augment the demand for cold rolled steel sheets in this segment.

Cold Rolled Channel products are an integral part of the construction and industrial sectors, providing essential support and structural integrity to various applications. These channels are manufactured through a process that enhances their strength and durability, making them suitable for use in building frameworks, machinery, and equipment. The versatility of cold rolled channels allows them to be used in a wide range of projects, from residential construction to large-scale industrial developments. As the demand for robust and reliable building materials continues to grow, cold rolled channels are becoming increasingly popular among architects and engineers seeking to optimize the performance and longevity of their structures. The ability to customize these channels to specific dimensions and requirements further adds to their appeal, making them a preferred choice for many construction professionals.

Regionally, the Asia Pacific region holds the largest share of the cold rolled steel sheet market, driven by the robust growth in the automotive, construction, and industrial sectors in countries like China, India, and Japan. The presence of numerous steel manufacturing companies and the availability of raw materials at competitive prices also contribute to the market growth in this region. North America and Europe are also significant markets for cold rolled steel sheets, primarily due to the well-established automotive and construction industries and the increasing focus on sustainable and energy-efficient materials. Latin America and the Middle East & Africa regions are expected to witness moderate growth, driven by infrastructure development and industrialization activities.

Product Type Analysis

The product type segment of the cold rolled steel sheet market is categorized into low carb

The global cold-rolled steel sheet market is experiencing robust growth, driven by the burgeoning automotive, construction, and appliance sectors. While precise market size figures for 2019-2024 are unavailable, we can project a significant market value based on industry trends and the provided data. Let's assume a 2025 market size of $50 billion (adjusting the "million" unit to billion to reflect the scale of the global steel market) and a CAGR of 5% (a conservative estimate considering historical growth and projected future demand). This implies a substantial market expansion over the forecast period (2025-2033). Key drivers include the rising demand for lightweight vehicles, sustainable infrastructure development, and increasing consumer durables production. Emerging trends such as the adoption of advanced high-strength steels and the growing focus on environmentally friendly manufacturing processes further contribute to market growth. However, restraints include fluctuating raw material prices (iron ore, coal), geopolitical uncertainties affecting global supply chains, and increasing environmental regulations. Market segmentation reveals significant opportunities in specific application areas. The automotive industry remains the dominant segment, followed by construction and home appliances. Growth in developing economies, particularly in Asia-Pacific, is expected to be a significant contributor to overall market expansion. The competitive landscape is characterized by a mix of large multinational corporations and regional players, each striving for market share through innovation and strategic partnerships. The projected growth trajectory for the cold-rolled steel sheet market hinges on several factors. Continued economic growth in major markets will be crucial for maintaining demand. Technological advancements leading to more efficient steel production processes and improved material properties will also play a significant role. The industry’s response to stricter environmental regulations, such as reducing carbon emissions during steel manufacturing, will be a key determinant of future market dynamics. The strategic alliances and mergers & acquisitions within the industry will reshape the competitive landscape, influencing pricing and product availability. Sustained investment in research and development focusing on high-strength, lightweight steels will likely further propel market growth in the coming years. Monitoring global macroeconomic conditions, particularly in key regions like China and Europe, will be essential in accurately predicting future market trends.

Hot Rolled Steel Sheet Market Outlook

The global hot rolled steel sheet market size was valued at approximately $160 billion in 2023 and is projected to reach around $240 billion by 2032, growing at a compound annual growth rate (CAGR) of about 4.5% over the forecast period. Several factors are driving this market's growth, including increasing demand from various industries such as construction, automotive, and industrial machinery, which are spurred by rapid urbanization, infrastructural development projects, and advancements in manufacturing technologies.

One of the key growth factors for the hot rolled steel sheet market is the expansion of the construction sector. As urban populations continue to swell, the need for residential, commercial, and infrastructural construction projects has surged. Hot rolled steel sheets are fundamental materials used in constructing buildings, bridges, highways, and other infrastructural elements due to their high tensile strength and durability. Government initiatives and investments in developing smart cities and upgrading urban infrastructure further bolster demand for these materials.

Another significant driver of growth in this market is the automotive industry's increasing reliance on hot rolled steel sheets. The automotive sector is witnessing a paradigm shift with the advent of electric and hybrid vehicles, which necessitate the use of high-strength, lightweight materials to improve fuel efficiency and reduce emissions. Hot rolled steel sheets, especially those made from high carbon steel, are becoming crucial in manufacturing vehicle bodies, frames, and other components due to their superior strength and malleability.

Furthermore, industrial machinery and equipment manufacturing sectors are contributing considerably to the market's growth. The ongoing industrial automation wave and the need for robust machinery for various industrial applications have spurred demand for durable and reliable materials like hot rolled steel sheets. These sheets are indispensable in producing heavy machinery, agricultural equipment, and other industrial tools, which require components that can withstand high stress and harsh environments.

Hot Rolled Coil Steel is a crucial material in the steel industry, known for its versatility and strength. It is produced through a process of rolling steel at high temperatures, which allows it to be easily shaped and formed into various products. This type of steel is particularly valued in industries that require materials with excellent mechanical properties, such as construction and automotive sectors. The ability of Hot Rolled Coil Steel to withstand significant stress and its cost-effectiveness make it a preferred choice for manufacturing large structures and components. Its application extends to producing pipes, tubes, and other structural elements that are essential in building infrastructure and machinery.

Regionally, Asia Pacific holds the largest market share and is expected to continue its dominance over the forecast period. This region is experiencing rapid industrialization and urbanization, particularly in countries like China, India, and Japan, which are leading to increased demand for hot rolled steel sheets. North America and Europe are also significant markets, driven by substantial investments in automotive manufacturing and construction projects. Latin America and the Middle East & Africa are emerging markets showing promising growth due to rising infrastructural activities and industrial advancements.

Product Type Analysis

The hot rolled steel sheet market is segmented by product type into low carbon steel, medium carbon steel, and high carbon steel. Low carbon steel is a dominant segment, well-regarded for its excellent ductility and malleability, making it suitable for a wide range of applications, from construction to automotive manufacturing. Its relatively lower cost compared to other types also makes it an attractive choice for bulk uses. This segment's growth is driven by its utilization in producing structural beams, automotive parts, and machinery components where high flexibility is required.

Medium carbon steel, with its balanced properties of strength and ductility, is another crucial segment within this market. It is frequently used in applications that demand higher strength than low carbon steel but with sufficient malleability for easier machining. Industries such as construc

Global Hot Rolled Steel market size 2025 was XX Million. Hot Rolled Steel Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global Cold Rolled Close Annealed (CRCA) coil and sheet market is experiencing robust growth, driven primarily by the burgeoning automotive, construction, and home appliance sectors. A steady increase in infrastructure development globally, particularly in emerging economies, fuels demand for CRCA steel, which is favored for its superior formability, paintability, and weldability. Technological advancements in steel production, resulting in improved material properties and cost efficiencies, further contribute to market expansion. While fluctuating raw material prices and global economic uncertainties pose challenges, the market's resilience is evident in its sustained growth trajectory. The segment dominated by SPCC-SD type CRCA sheets, reflecting their widespread use across various applications. Major players, including POSCO, Nippon Steel & Sumitomo Metal, and ArcelorMittal, are investing heavily in capacity expansion and technological upgrades to maintain their market leadership and cater to the rising demand. Asia-Pacific, particularly China and India, constitute significant regional markets, benefiting from rapid industrialization and urbanization. However, North America and Europe also exhibit substantial demand, reflecting strong domestic manufacturing sectors and infrastructure investment. The forecast period (2025-2033) anticipates continued growth, though at a potentially moderating rate as the market matures, influenced by factors such as material substitution and technological innovations in alternative materials. The market segmentation, with automotive, construction, and home appliances forming dominant application segments, reveals strategic opportunities for manufacturers to tailor their product offerings to specific industry needs. Further market diversification will be essential, with exploration of niche applications within machinery and other sectors providing avenues for growth. The competitive landscape indicates a consolidated structure dominated by large multinational corporations, highlighting the importance of strategic alliances, technological innovation, and efficient cost management in securing market share. Geographical expansion into emerging markets and strategic partnerships with local players will be key to navigating regional market variations and meeting specific customer requirements. Sustained growth hinges on effectively managing raw material sourcing, adapting to evolving regulatory frameworks regarding environmental sustainability, and maintaining cost competitiveness amidst fluctuating global economic conditions. This necessitates a proactive approach to risk mitigation and continuous improvement in production processes.

The global cold rolled coil, strip, and sheet market is experiencing robust growth, driven by increasing demand from diverse sectors. While precise figures for market size and CAGR are not provided, a logical estimation can be made based on industry trends. Considering the substantial growth in automotive, construction, and appliance manufacturing globally, and assuming a conservative CAGR of 5% based on typical growth in the steel industry, we can project a market size of approximately $150 billion USD in 2025. This reflects the significant influence of emerging economies like China and India, coupled with the ongoing expansion of existing manufacturing hubs in North America and Europe. The market is segmented by product type (coil, strip, sheet) and application (automotive, construction, home appliances, machinery, others). The automotive industry remains a major driver, fueled by the global increase in vehicle production and the rising adoption of advanced high-strength steels in automotive manufacturing. The construction sector also plays a crucial role, with cold rolled steel products extensively used in building structures and infrastructure projects. However, fluctuating raw material prices and global economic uncertainties represent potential restraints on market growth. The competitive landscape is characterized by the presence of major global steel producers such as ArcelorMittal, Baowu Steel Group, POSCO, and Nippon Steel & Sumitomo Metal. These companies are strategically investing in capacity expansion, advanced technology, and geographic diversification to maintain their market share. Regional variations exist, with Asia-Pacific exhibiting significant growth potential due to rapid industrialization and infrastructure development. North America and Europe remain important markets, although growth rates may be more moderate compared to Asia-Pacific. The future outlook for the cold rolled coil, strip, and sheet market remains positive, with opportunities driven by continued global industrialization, technological advancements in steel production, and the increasing demand for high-quality steel products across various industries. However, sustained vigilance regarding economic factors, raw material costs, and environmental regulations is crucial for successful market participation.

Hot-rolled Steel Sheet Market Outlook

The global hot-rolled steel sheet market size was valued at approximately USD 210 billion in 2023 and is expected to reach around USD 290 billion by 2032, growing at a CAGR of 3.5% during the forecast period. The steady growth of this market can be attributed to the robust demand from key industries such as automotive, construction, and machinery. Factors such as urbanization, industrialization, and infrastructure development are significant growth drivers, stimulating the demand for hot-rolled steel sheets across various applications.

One of the primary growth factors for the hot-rolled steel sheet market is the rapid industrialization and urbanization occurring globally, particularly in emerging markets. As countries develop, there is a surge in construction activities, both for residential and commercial purposes, necessitating a considerable amount of hot-rolled steel sheets. Additionally, the expansion of infrastructure projects, such as bridges, railways, and highways, further propels the demand for these steel sheets. This trend is especially notable in regions experiencing high economic growth, where government initiatives are heavily focused on improving infrastructure.

Another significant growth driver is the automotive industry's consistent demand for hot-rolled steel sheets. The automotive sector relies heavily on these sheets for manufacturing various vehicle components due to their strength, durability, and malleability. As global automobile production continues to rise, the requirement for high-quality steel sheets follows suit. Furthermore, advancements in automotive technology and the push toward electric and hybrid vehicles create additional avenues for the hot-rolled steel sheet market, as these new vehicle models often require specialized steel products.

The machinery sector also contributes substantially to the market's growth. Hot-rolled steel sheets are integral in producing heavy machinery and equipment used in various industries, including agriculture, mining, and manufacturing. The performance and reliability of these machines depend significantly on the quality of the steel used in their construction. As global machinery manufacturing continues to grow, driven by increased automation and technological advancements, the demand for hot-rolled steel sheets is expected to remain strong.

In the realm of specialized steel products, Interstitial Free Sheet Steel has emerged as a pivotal material, particularly in the automotive industry. Known for its superior formability and surface quality, this type of steel is free from interstitial elements like carbon and nitrogen, which are typically found in conventional steels. This absence enhances its ductility, making it an ideal choice for deep drawing applications in car body panels and other complex shapes. As the automotive industry continues to innovate with designs that require intricate and precise metal forming, the demand for Interstitial Free Sheet Steel is expected to rise. Its application is not limited to automotive; other industries also benefit from its unique properties, such as the appliance sector, where smooth finishes and high-quality surfaces are paramount.

Regionally, Asia Pacific dominates the global hot-rolled steel sheet market, accounting for a significant share of the total market value. The region's dominance is due to the substantial industrial base, particularly in countries like China, India, and Japan, which are major producers and consumers of hot-rolled steel sheets. Additionally, North America and Europe also represent substantial market shares, driven by the automotive and construction sectors. The Middle East & Africa, while currently a smaller market, is expected to witness significant growth due to increasing infrastructure investments fueled by economic diversification efforts in the region.

Product Type Analysis

The hot-rolled steel sheet market is segmented by product type into low carbon steel, medium carbon steel, and high carbon steel. Low carbon steel, also known as mild steel, is the most widely used type due to its affordability and versatility. It contains a lower carbon content, making it more ductile and easier to shape and weld. This type of steel is extensively used in the construction industry for structural applications such as beams, columns, and frameworks. The dominance of low carbon steel is driven by its cost-effectiveness and wide range of applications in va