Global Cold Rolled Steel Coil Market Size, Share, Growth Analysis Report - Forecast 2034

Cold Rolled Steel Coil Market Size:

The global cold rolled steel coil market size was worth around USD 149.05 Million in 2024 and is predicted to grow to around USD 181.69 Million by 2034 with a compound annual growth rate (CAGR) of roughly 2% between 2025 and 2034. The report analyzes the global cold rolled steel coil market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the cold rolled steel coil industry.

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Cold-Rolled Steel Coil Market: Overview

The cold-rolled steel coil is a type of coil that has undergone a cold-rolling procedure. Typically, steel coils are produced using the hot-rolled form. This means that they are formed using extremely high temperatures and are later cooled. This means that cold-rolling is a subsequent process that is undertaken to enhance or further the properties, dimensions, and characteristics of the steel. During cold-rolling, the hot-rolled steel coil is made to pass through a series of rollers which are kept at room temperature or slightly lower. This procedure helps in reducing coil thickness and improving the surface finish of the steel. Furthermore, it also assists in imparting specific mechanical properties to the steel including hardness and strength. One of the main characteristics of cold-rolled steel is its clean and smooth surface along with uniform thickness and precise dimension allowing it to be used in several end-user verticals. The cold rolled steel coil industry deals with the production and distribution of cold-rolled steel coils.

Key Insights

• As per the analysis shared by our research analyst, the global cold rolled steel coil market is estimated to grow annually at a CAGR of around 2% over the forecast period (2025-2034).
• Regarding revenue, the global cold rolled steel coil market size was valued at around USD 149.05 Million in 2024 and is projected to reach USD 181.69 Million by 2034.
• The cold rolled steel coil market is projected to grow at a significant rate due to rising demand from automotive and construction industries, increasing preference for high-strength and lightweight materials, and growth in manufacturing and infrastructure projects.
• Based on Thickness, the Thin Gauge: Less than 0.5 mm segment is expected to lead the global market.
• On the basis of Surface Finish, the Commercial Quality segment is growing at a high rate and will continue to dominate the global market.
• Based on the Application, the Automotive Industry segment is projected to swipe the largest market share.
• By Product Type, the Cold Rolled Sheets segment is expected to dominate the global market.
• In terms of End-User Industry, the Manufacturing segment is anticipated to command the largest market share.
• Based on region, Asia-Pacific is predicted to dominate the global market during the forecast period.

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Cold-Rolled Steel Coil Market: Growth Drivers

Increasing demand in the automotive sector to drive market growth

The global cold-rolled steel coil market is projected to grow owing to the increasing demand in the automotive sector which is one of the fastest-growing industries. It is currently one of the largest consumers of cold-rolled steel coils. The demand in the sector is influenced by rising requirements and consumption of light-weight vehicles which also promote fuel efficiency. Factors such as rising disposable income, innovation by automotive manufacturers, growing financial assistance, and the presence of a large number of options are causing growth in the automotive industry. This has subsequently resulted in higher demand and consumption of cold-rolled steel coils to manufacture several automotive parts. Furthermore, they are also considered more environmentally friendly when compared to other materials. This could lead to a gradual shift toward cold-rolled forms of steel coil since the production consumes less energy than hot-rolled steel.

Cold-Rolled Steel Coil Market: Restraints

Changing prices of raw materials to restrict market expansion

The cold-rolled steel coil industry is expected to face growth restrictions owing to the changing prices of raw materials used during the production of cold-rolled steel coils. Some of these materials include energy sources and iron ore. They are highly sensitive to political, economic, and social factors. The high price volatility can make it challenging for the industry players to maintain stable pricing and obtain profit. This is especially applicable in this decade since many countries are witnessing changes in political power dynamics and global order.

Cold-Rolled Steel Coil Market: Opportunities

Increasing demand for electric vehicles (EVs) to provide growth opportunities

The global cold rolled steel coil market is projected to come across higher growth opportunities owing to the rising demand for electric vehicles. Cold-rolled steel coils are highly essential components for producing an efficient EV. They are used to produce structural parts, body frames, and battery enclosures to name a few of the larger applications. With the growing demand for EVs driven by the rising shift toward reducing fuel dependency, growing emphasis on environmental sustainability, and large-scale government initiatives to promote the use of green energy, the sales volume for cold-rolled steel coil is projected to grow at a steady rate.

Cold-Rolled Steel Coil Market: Challenges

Intense competition to challenge market growth

The global sales volume of the cold rolled steel coil industry may be limited due to the existence of intense competition as the number of players providing services related to cold-rolled steel coils continues to grow. This can lead to price wars or margin pressure. Moreover, to achieve product differentiation, companies will have to invest higher in research & development or product innovation leading to added costs.

Cold-Rolled Steel Coil Market: Segmentation

The global cold rolled steel coil market is segmented based on Thickness, Surface Finish, Application, Product Type, End-User Industry, and region.

Based on Thickness, the global cold rolled steel coil market is divided into Thin Gauge: Less than 0.5 mm, Medium Gauge: 0.5 mm - 3 mm, Thick Gauge: More than 3 mm.

On the basis of Surface Finish, the global cold rolled steel coil market is bifurcated into Commercial Quality, High-Strength Low-Alloy Steel (HSLA), Bright and Polished Finish, Oiled and Non-Oiled Finishes.

By Application, the global cold rolled steel coil market is split into Automotive Industry, Construction and Infrastructure, Appliances and Electronics, Fabrication and Industrial Machinery.

In terms of Product Type, the global cold rolled steel coil market is categorized into Cold Rolled Sheets, Cold Rolled Coils, Cold Rolled Strips, Cold Rolled Flat Products.

By End-User Industry, the global Cold Rolled Steel Coil market is divided into Manufacturing, Aerospace, Shipbuilding, Energy and Power, Consumer Goods.

Recent Developments:

• In February 2023, Tata Steel, India’s leading steel supplier, announced the signing of an agreement with Wuppermann, BILSTEIN Group, Grupo Arania, and EMW Stahl Service. As per the agreement, Tata Steel will supply the companies with Zeremis Carbon Lite steel. This also comes with an allocated carbon footprint reduction of a maximum of 90%. The company plans to become a producer of green, clean, and circular steel
• In June 2021, Metinvest, a leading Ukrainian steel producer, awarded Danieli, an Italy-based supplier of physical plants and equipment, a contract for building a cold-rolled, galvanized, and color-coated coil production complex which will be built in Mariupol, Ukraine. The complex is expected to run at a capacity of 1.6 Mtpy

Cold Rolled Steel Coil Market: Report Scope

Cold-Rolled Steel Coil Market: Regional Analysis

Asia-Pacific to lead with the highest CAGR during forecast period

The global cold-rolled steel coil market is expected to be led by Asia-Pacific during the forecast period. Currently, China is considered the largest market for the production of cold-rolled steel coils and it dominates over 43.9% of the total revenue share. This is primarily due to the presence of key suppliers of steel in China, South Korea, and India among other regional countries. Moreover, the consumption rate for infrastructure development projects in these countries is surging at a rapid rate. The regional expansion is further strengthened by the presence of a robust manufacturing sector along with rising demand in the automotive sector. This is led by an increasing urban population and the availability of vehicles, including commercial and personal, across the price range. North America may also register significant CAGR primarily led by the construction industry. The US and Canada are anticipated to lead regional growth due to rising commercial and residential building projects.

Cold Rolled Steel Coil Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the cold rolled steel coil market on a global and regional basis.

The global cold rolled steel coil market is dominated by players like:

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

The global cold rolled steel coil market is segmented as follows;

By Thickness

• Thin Gauge: Less than 0.5 mm
• Medium Gauge: 0.5 mm - 3 mm
• Thick Gauge: More than 3 mm

By Surface Finish

• Commercial Quality
• High-Strength Low-Alloy Steel (HSLA)
• Bright and Polished Finish
• Oiled and Non-Oiled Finishes

By Application

• Automotive Industry
• Construction and Infrastructure
• Appliances and Electronics
• Fabrication and Industrial Machinery

By Product Type

• Cold Rolled Sheets
• Cold Rolled Coils
• Cold Rolled Strips
• Cold Rolled Flat Products

By End-User Industry

• Manufacturing
• Aerospace
• Shipbuilding
• Energy and Power
• Consumer Goods

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America