Published Date : 2024-Jul-23
The Hot Rolled Coil (HRC) market represents a pivotal segment within the steel industry, furnishing vital materials for a diverse array of sectors, such as construction, automotive, shipbuilding, and machinery. Serving as the cornerstone of industrial infrastructure, HRC is instrumental in propelling economic growth and development. This article aims to explore the complexities of the HRC market, examining its characteristics, applications, prevailing trends, and anticipated future prospects.
Hot Rolled Coil Market Size, Share & Trends Analysis Report By Product, By Application, By End-use, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2028
According to a comprehensive study by Intellectual Market Insights Research, the global Hot Rolled Coil Market size was valued at USD 145.45 Billion in 2021 and is projected to reach USD 223.42 Billion by 2028.
Growing at a CAGR of 5.11% from 2021 to 2028.
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Hot Rolled Coil Market Players Analysis: Anyang Steel, ArcelorMittal, BaoSteel Group, CELSA Group, China Baowu Steel Group, CSC, Evraz Group, Hebei Steel Group, Hyundai Steel, JFE Holdings Inc, JSW, Maanshan Steel, Nippon Steel, POSCO and Others.
Founded: 2006
Headquarters: Luxembourg City, Luxembourg
Website: https://corporate.arcelormittal.com/
About Us: ArcelorMittal is the world's leading steel and mining company, formed through the merger of Arcelor and Mittal Steel in 2006. Headquartered in Luxembourg, the company operates in more than 60 countries and is a major player in the global steel industry. ArcelorMittal produces a wide variety of steel products for automotive, construction, household appliances, and packaging industries. The company is committed to innovation, sustainability, and social responsibility, striving to be a benchmark for steelmaking worldwide.
The company had nearly 158,000 employees and had revenue of $79.8 Billion.
Founded: 1967
Headquarters: Castellbisbal, Barcelona, Spain
Website: https://www.celsagroup.com/
About Us: CELSA Group is a leading European multinational in long steel products and the most diversified group in this sector. Founded in 1967, the company is headquartered in Castellbisbal, Barcelona, Spain. CELSA Group operates across multiple countries, focusing on producing high-quality steel products for construction, automotive, and industrial sectors. The company emphasizes innovation, customer service, and sustainable practices, positioning itself as a key player in the European steel industry.
The company had nearly 9,300 employees and had revenue of $6.4 Billion.
Founded: 2016
Headquarters: Shanghai, China
Website: http://www.baowugroup.com/
About Us: China Baowu Steel Group Corporation Limited is one of the largest steel producers in the world. Formed by the merger of Baosteel Group and Wuhan Iron and Steel Corporation in 2016, the company has rapidly expanded its global footprint. China Baowu is committed to delivering high-quality steel products and innovative solutions for a variety of industries, including automotive, construction, and energy. The company places a strong emphasis on technological advancements, environmental sustainability, and corporate social responsibility, aiming to lead the steel industry towards a more sustainable future.
The company had nearly 200,000 employees and had revenue of $20.248 Billion.
Founded: 1971
Headquarters: Kaohsiung, Taiwan
Website: https://www.csc.com.tw/
About Us: China Steel Corporation (CSC) is the largest integrated steel producer in Taiwan, known for its high-quality steel products and innovative manufacturing processes. Founded in 1971, CSC has become a key player in the global steel industry, serving sectors such as construction, automotive, and machinery manufacturing. The company is dedicated to sustainable practices and technological innovation, continually enhancing its production capabilities and product offerings to meet the evolving needs of its customers.
The company had nearly 9,900 employees and had revenue of $20.5 Billion.
Founded: 1992
Headquarters: London, United Kingdom and Moscow, Russia
Website: https://www.evraz.com/
About Us: Evraz Group is a leading global steel and mining company with operations primarily in Russia, the United States, Canada, and Kazakhstan. Founded in 1992, Evraz has grown into a major player in the steel industry, offering a diverse range of products, including construction steel, railway products, and flat-rolled steel. The company is committed to operational excellence, innovation, and sustainability, striving to maintain its position as a top-tier global steel producer.
The company had nearly 68,000 employees and had revenue of $14.2 Billion.
Founded: 2008
Headquarters: Shijiazhuang, Hebei Province, China
Website: http://www.hbisco.com/
About Us: Hebei Iron and Steel Group, commonly known as HBIS Group, is one of the largest steel producers in China and the world. Formed through the merger of Tangshan Iron and Steel Group and Handan Iron and Steel Group in 2008, HBIS Group is committed to providing high-quality steel products and services across various industries, including construction, automotive, and machinery manufacturing. The company emphasizes innovation, environmental sustainability, and technological advancements to maintain its competitive edge in the global steel market.
The company had nearly 127,000 employees and had revenue of $70 Billion.
Founded: 1953
Headquarters: Incheon, South Korea
Website: https://www.hyundai-steel.com/
About Us: Hyundai Steel is a leading steel manufacturer in South Korea and a key subsidiary of the Hyundai Motor Group. Established in 1953, Hyundai Steel is renowned for its high-quality steel products used in various industries, including automotive, construction, and shipbuilding. The company is known for its innovative manufacturing processes, such as electric arc furnace technology and integrated steel mill operations. Hyundai Steel is committed to sustainability and environmental responsibility, continuously working to reduce its carbon footprint and enhance its product offerings to meet the needs of a rapidly changing global market.
The company had nearly 10,500 employees and had revenue of $23 Billion.
Founded: 1958
Headquarters: Jiayuguan, Gansu Province, China
Website: http://www.jiugang.com/
About Us: Jiuquan Iron and Steel Group, commonly known as JISCO, is a major state-owned steel company in China. Established in 1958, JISCO is located in Jiayuguan, Gansu Province, and has grown to be a significant player in China's steel industry. The company specializes in the production of various steel products, including long steel, flat steel, and stainless steel, catering to industries such as construction, automotive, and machinery manufacturing. JISCO is committed to sustainable development, technological innovation, and quality excellence, continuously enhancing its production capabilities and expanding its market presence both domestically and internationally.
The company had nearly 40,000 employees and had revenue of $16.5 Billion.
Founded: 2012
Headquarters: Tokyo, Japan
Website: https://www.nipponsteel.com/
About Us: Nippon Steel Corporation is one of the world's largest steel producers, headquartered in Tokyo, Japan. Formed in 2012 through the merger of Nippon Steel Corporation and Sumitomo Metal Industries, the company is renowned for its technological innovation, quality excellence, and diverse product offerings. Nippon Steel produces a wide range of steel products, including flat steel, long steel, pipes, and tubes, serving various industries such as automotive, construction, and energy. The company emphasizes sustainable practices, environmental responsibility, and social contribution, striving to create a better future for society through its steel solutions.
The company had nearly 106,000 employees and had revenue of $70.3 Billion.
Founded: 1968
Headquarters: Pohang, South Korea
Website: https://www.posco.com/
About Us: POSCO, or Pohang Iron and Steel Company, is a leading steel manufacturer based in South Korea. Founded in 1968, POSCO has become one of the largest steel producers globally, renowned for its advanced technology, high-quality steel products, and innovative manufacturing processes. The company offers a wide range of steel products, including hot-rolled and cold-rolled sheets, stainless steel, and electrical steel, serving industries such as automotive, construction, and shipbuilding. POSCO is committed to sustainability, environmental protection, and social responsibility, continually enhancing its production efficiency and expanding its market presence worldwide.
The company had nearly 20,900 employees and had revenue of $66.1 Billion.
The Hot Rolled Coil (HRC) market stands as a dynamic and crucial element within the global steel industry, exhibiting a broad spectrum of applications across diverse sectors. As industries persist in their evolution and adaptation to evolving demands, HRC continues to be an indispensable material, fostering innovation and development. Grasping the nuances of market trends, regional dynamics, and future prospects is instrumental for stakeholders in making well-informed decisions and seizing nascent opportunities.
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