Global Cold Rolled Steel Coil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cold Rolled Steel Coil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Cold rolled steel is hot-rolled steel that has been cleaned of iron oxide scale (pickled) and reduced to a specific thickness through a series of rolling stands (tandem mill) or passed back and forth through a reversing rolling mill. The steel can be heated to controlled temperatures (annealing) depending on mechanical property requirements, and final rolled to the desired thickness. Cold rolled steel is stored and sold in coiled form after rolling.

Market Overview:

The latest research study on the global Cold Rolled Steel Coil market finds that the global Cold Rolled Steel Coil market reached a value of USD 190998.18 million in 2022. It’s expected that the market will achieve USD 222018.47 million by 2028, exhibiting a CAGR of 2.54% during the forecast period.

Upstream raw material supply volatility risk

The raw material produced by Cold Rolled Steel Coil is hot Rolled Steel Coil. The supply of hot Rolled Steel Coil depends on the market supply of Steel industry.
In recent years, global iron ore production, led by Australia and Brazil, has remained high, supported by demand from China. Iron ore prices have shown a volatile upward trend, with a slightly smaller increase than steel prices. At the beginning of 2020, the spread of COVID-19 has had a significant impact on steel consumption, and the weakening of demand has led to a decline in iron ore prices and shipments of major mining companies to varying degrees in the short term. However, with the resumption of production in various regions around the world, the inventory of iron ore ports continues to decrease, and the repeated impact of the epidemic may lead to mine production suspension, and the supply side of iron ore is tight. The price will rise in the second and third quarters of 2021. Since November 2020, affected by the improvement of global demand margin and short-term capital speculation and other factors, the price of iron ore rose far beyond market expectations. The Platts iron ore price index with 62% iron grade rose from $93.20 / dry ton at the beginning of the year to $159.20 / dry ton at the end of the year, with an increase of 70.82%. Although the annual steel prices also showed an increasing trend, but price conduction time difference and supply and demand relations make the increase is still relatively limited, steel enterprises cost pressure increased sharply. The impact of the continuous spread of the epidemic on the production and operation and stable supply of the four major international mines is still uncertain. In the long run, iron ore prices will continue to fluctuate periodically with the change of supply and demand. Therefore, the supply of raw material Cold Rolled Steel Coil still has fluctuation risk.

Green development is the trend of the industry

Steel industry is also a typical industry with high energy consumption and high emissions. With the enhancement of environmental awareness, it is necessary to promote the green and low-carbon development of steel industry.
In the short term, the green production of Cold Rolled Steel Coil industry needs continuous cost input in technological research and development and process transformation. It will reduce carbon emissions and carbon costs in the long run. In addition, the realization of green logistics by changing the mode of transportation, developing multimodal transportation and developing intelligent transportation will bring a large increase in cost in the short term, but in the long term, it will bring about the reduction of carbon emission and improvement of logistics efficiency of Cold Rolled Steel Coil supply chain logistics. Thus, logistics cost of Cold Rolled Steel Coil industry can be reduced. At the same time, we should actively study informatization and digital means to improve the production and transportation efficiency and improve the recycling and utilization of solid and gas wastes in the production of Cold Rolled Steel Coil to reduce the cost of the industrial chain and supply chain. Promote the healthy and sustainable development of Cold Rolled Steel Coil industry.

Rising energy costs

Energy sanctions imposed by the European Union in the wake of the conflict between Russia and Ukraine have led to global shortages such as a 40 per cent rise in the price of liquefied natural gas (LNG), while Middle Eastern oil producers have also raised crude prices. The rise in energy prices is likely to continue even if governments offer price restraint measures such as securing natural gas stocks. At the same time, rising fuel prices are fueling inflation in the global economy. Inflation in Europe hit 7.5 percent in April 2022, largely driven by higher energy prices.
The Cold Rolled Steel Coil industry and its upstream raw material industry are all energy-consuming industries, and the increase in energy price will lead to the increase of raw material price and manufacturing cost. Therefore, this will be a challenge for Cold Rolled Steel Coil manufacturers to solve.

Region Overview:

In global comparison, a significant portion of the revenue was generated in East Asia (55.48% in 2021).

Company Overview:

China Baowu Steel Group is one of the major players operating in the Cold Rolled Steel Coil market, holding a share of 10.61% in 2021.

China Baowu Steel Group

China Baowu is positioned as a high-tech enterprise that provides comprehensive solutions for steel and advanced materials and industrial ecosystem services.

ArcelorMittal

Mainly in long and flat-rolled steel, automotive steel, tubular products, high-strength steel, iron ore mining, coal mining.

Segmentation Overview:

As for product types, the Cold Rolled Coils (Thickness below 3mm) segment held the largest market share in 2021.

Application Overview:

The market's largest segment by application is the segment Construction, with a market share of 29.96% in 2021.

Key Companies in the global Cold Rolled Steel Coil market covered in Chapter 3:

Ansteel Group
Maanshan Steel
NLMK Group
Hesteel Group
Nucor Corporation
ArcelorMittal
ThyssenKrupp
Hyundai Steel
Valin Steel Group
China Steel Corporation (CSC)
Nippon Steel & Sumitomo Metal
Shagang Group
United States Steel Corporation
Shougang
Benxi Steel Group
JSW Steel Ltd
POSCO
Tata Steel
JFE Steel Corporation
Steel Authority of India Limited
China Baowu Steel Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Cold Rolled Steel Coil market from 2018 to 2029 is primarily split into:

Cold Rolled Coils (Thickness≥3mm)
Cold Rolled Coils (Thickness below 3mm)

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cold Rolled Steel Coil market from 2018 to 2029 covers:

Automotive
Construction
Home Appliance
Machinery
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)