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What drives US flat steel demand?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
We are adding downstream steel product coverage to the Steel Market Service as a natural expansion of our sector-by-sector demand modelling. In the first instance, we have added our views on flat steel production and demand in the US. Flat steel production is the cornerstone of US steelmaking and it is heavily exposed to the automotive sector. The automotive industry is changing rapidly, with lightweighting considered a priority. Irrespective of whether lightweighting is achieved through increased penetration of high-strength steels, aluminium or plastics, the aim is certain – to consume less material, including steel per vehicle. This trend poses a substantial long-term risk for steelmaking in the US, particularly for flat products.
Table of contents
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Structure of the US steel market
- Our downstream steel model structure
- What is flat steel used for?
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Long-term trends
- Product interdependency is high
- Summary: flat product demand restricted by automotive weakness
Tables and charts
This report includes the following images and tables:
- Flat steel output is important
- What are flat products?
- Most HR coil is used for further processing
- Demand is primarily met by domestic steelmaking
- Most HR and CR coil is consumed in further processing
- Manufacturing sectors drive end-use demand for flat products
- Overall we estimate long products represent ~30% of total steel consumption
- The automotive sector has driven galvanised steel demand
- What drives US flat steel demand?: Image 3
- What drives US flat steel demand?: Image 10
What's included
This report contains:
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