Western U.S. Flat Steel Market Size, Share & Trends Analysis Report by Product (Hot Rolled Coil, Coated Steel, Cold Rolled Coil), Application (Buildings & Construction, Energy) with Growth Forecasts, 2025-2030

The Western U.S. Flat Steel Market was valued at USD 33.82 billion in 2024, and is projected to reach USD 43.03 billion by 2030, rising at a CAGR of 4.90%. The growth of the industry is attributed to the rising infrastructural developments in the Western U.S. states, which in turn are boosting the demand for flat steel products in construction-related applications.

Flat steel is obtained after rolling steel slabs. Based on product, the market is segmented into HRC, CRC, coated steel, and others and in terms of volume, HRC dominates the market. Its low cost and high strength nature make it useful in applications such as structures, closed sections, pipes, and enclosures in construction, automotive, railways, machinery, shipbuilding, and other end-use industries.

Based on application, the market is segmented into building & construction, automotive & transportation, machinery & equipment, energy, and others. The automotive & transportation segment is anticipated to witness rapid growth owing to the recent developments in transportation facility projects along with rising investments in the automotive sector in the Western U.S. region.

For instance, in February 2022, Ford Motor Company announced its plan to invest USD 20.0 billion in developing EVs. The company has planned to invest USD 50.0 billion in the EV business by 2027 to compete with the market players and aims to manufacture 20.0 million EVs annually by 2026.

The market is competitive in nature due to the presence of various small and established players. Furthermore, the shifting focus of steel companies toward a sustainable future has led them to adopt new technologies to optimize their production processes with improved efficiency and capacity enhancements. For instance, in January 2022, the United States Steel Corporation announced the allocation of USD 3.00 billion for its new advanced mill equipped with next-generation sustainable technology. It is located in Arkansas, Osceola near the Big River Steel plant of the company.

Western U.S. Flat Steel Market Report Highlights

• Cold rolled coil (CRC) held the largest revenue share of 37.3% in 2024. These coils have low carbon content.
• The building & construction dominated the western U.S. flat steel industry with the highest revenue share of 36.3% in 2024, primarily driven by the increasing urbanization and population growth creating a higher demand for residential and commercial structures
• The automotive and transportation segment is expected to register the fastest CAGR of 5.0% from 2025 to 2030
• The coated steel segment is expected to grow at a CAGR of 5.4% over the forecast period
• The steel industry in the western U.S. is increasingly focused on decarbonization, with Electric Arc Furnace (EAF) technology emerging as a pivotal solution

This report addresses:

• Market intelligence to enable effective decision-making.
• Market estimates and forecasts from 2018 to 2030.
• Growth opportunities and trend analyses.
• Segment and regional revenue forecasts for market assessment.
• Competition strategy and market share analysis.
• Product innovation listings for you to stay ahead of the curve.
• COVID-19's impact and how to sustain in this fast-evolving market.

Why Should You Buy This Report?

• Comprehensive Market Analysis: Gain detailed insights into the market across major regions and segments.
• Competitive Landscape: Explore the market presence of key players.
• Future Trends: Discover the pivotal trends and drivers shaping the future of the market.
• Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.