Australia's Flat Cold-Rolled Steel Coils Market to Experience Modest Growth with +0.7% CAGR - News and Statistics - IndexBox

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IndexBox has just published a new report: Australia - Flat Cold-Rolled Steel in Coils - Market Analysis, Forecast, Size, Trends And Insights.

The market for flat cold-rolled steel coils in Australia is poised for growth over the next decade, with a projected CAGR of +0.7% in volume and +3.1% in value from 2024 to 2035. This anticipated increase is driven by rising demand for these coils in the country.

Driven by rising demand for flat cold-rolled steel coils in Australia, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.7% for the period from 2024 to 2035, which is projected to bring the market volume to 20K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2024 to 2035, which is projected to bring the market value to $20M (in nominal wholesale prices) by the end of 2035.

Flat cold-rolled steel coils consumption in Australia reduced rapidly to 19K tons in 2024, falling by -81.7% on the year before. In general, consumption recorded a pronounced curtailment. As a result, consumption attained the peak volume of 103K tons, and then shrank notably in the following year.

The size of the flat cold-rolled steel coils market in Australia declined remarkably to $14M in 2024, with a decrease of -82.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a perceptible descent. As a result, consumption reached the peak level of $78M, and then declined sharply in the following year.

Flat cold-rolled steel coils production in Australia declined significantly to 55K tons in 2024, reducing by -45.3% against 2023. In general, production continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2023 with an increase of 974% against the previous year. Over the period under review, production attained the maximum volume at 282K tons in 2017; however, from 2018 to 2024, production failed to regain momentum.

In value terms, flat cold-rolled steel coils production fell significantly to $30M in 2024 estimated in export price. Over the period under review, production continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2023 with an increase of 1,693%. Over the period under review, production attained the maximum level at $176M in 2017; however, from 2018 to 2024, production stood at a somewhat lower figure.

Flat cold-rolled steel coils imports into Australia expanded rapidly to 4K tons in 2024, rising by 14% compared with 2023 figures. Overall, imports, however, recorded a abrupt curtailment. Imports peaked at 29K tons in 2013; however, from 2014 to 2024, imports stood at a somewhat lower figure.

In value terms, flat cold-rolled steel coils imports soared to $3.6M in 2024. In general, imports, however, saw a deep reduction. Imports peaked at $23M in 2013; however, from 2014 to 2024, imports failed to regain momentum.

In 2024, China (3.4K tons) constituted the largest supplier of flat cold-rolled steel coils to Australia, accounting for a 86% share of total imports. It was followed by the UK (56 tons), with a 1.4% share of total imports. The third position in this ranking was held by South Korea (27 tons), with a 0.7% share.

From 2013 to 2024, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+49.0% per year) and South Korea (-39.9% per year).

In value terms, China ($3.1M) constituted the largest supplier of flat cold-rolled steel in coils to Australia, comprising 87% of total imports. The second position in the ranking was held by the UK ($46K), with a 1.3% share of total imports. It was followed by South Korea, with a 0.4% share.

From 2013 to 2024, the average annual growth rate of value from China totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+48.6% per year) and South Korea (-41.8% per year).

Iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm (2.5K tons), iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm (1.3K tons) and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 3mm or more (120 tons) were the main products of flat cold-rolled steel coils imports to Australia, with a combined 100% share of total imports.

From 2013 to 2024, the biggest increases were recorded for iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 3mm or more (with a CAGR of +0.3%), while purchases for the other products experienced a decline.

In value terms, iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm ($2.3M), iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm ($1.2M) and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 3mm or more ($96K) were the most imported types of flat cold-rolled steel in coils in Australia, together comprising 100% of total imports.

Among the main product categories, iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 3mm or more, with a CAGR of +1.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other products experienced a decline.

In 2024, the average flat cold-rolled steel coils import price amounted to $899 per ton, picking up by 4.3% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 48% against the previous year. Over the period under review, average import prices reached the maximum at $940 per ton in 2022; however, from 2023 to 2024, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplied products. In 2024, the highest price was recorded for prices from iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm ($916 per ton) and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm ($894 per ton), while the price for iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 3mm or more ($805 per ton) and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm ($876 per ton) were amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm (+1.2%), while the prices for the other products experienced more modest paces of growth.

In 2024, the average flat cold-rolled steel coils import price amounted to $899 per ton, picking up by 4.3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 48% against the previous year. The import price peaked at $940 per ton in 2022; however, from 2023 to 2024, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was China ($911 per ton), while the price for South Korea ($550 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Japan (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

In 2024, overseas shipments of flat cold-rolled steel in coils increased by 5,027% to 40K tons for the first time since 2019, thus ending a four-year declining trend. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 259,990% against the previous year. The exports peaked at 280K tons in 2017; however, from 2018 to 2024, the exports remained at a lower figure.

In value terms, flat cold-rolled steel coils exports soared to $36M in 2024. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 147,274%. Over the period under review, the exports hit record highs at $175M in 2017; however, from 2018 to 2024, the exports failed to regain momentum.

The United States (40K tons) was the main destination for flat cold-rolled steel coils exports from Australia, with a 100% share of total exports. It was followed by Malaysia (542 kg), with less than 0.1% share of total exports.

From 2013 to 2024, the average annual growth rate of volume to the United States stood at +157.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-0.8% per year) and Indonesia (-32.0% per year).

In value terms, the United States ($36M) remains the key foreign market for flat cold-rolled steel in coils exports from Australia, comprising 100% of total exports. The second position in the ranking was held by Malaysia ($3.7K), with less than 0.1% share of total exports.

From 2013 to 2024, the average annual growth rate of value to the United States stood at +101.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+7.3% per year) and Indonesia (-32.7% per year).

Iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm (40K tons) was the largest type of flat cold-rolled steel in coils exported from Australia, with a 100% share of total exports. It was followed by iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm (94 tons), with a 0.2% share of total exports. Iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm (3.8 tons) ranked third in terms of total exports with less than 0.1% share.

From 2013 to 2024, the average annual rate of growth in terms of the volume of iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm exports amounted to -10.5%. With regard to the other exported products, the following average annual rates of growth were recorded: iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm (+18.2% per year) and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm (-18.6% per year).

In value terms, iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm ($36M) remains the largest type of flat cold-rolled steel in coils exported from Australia, comprising 100% of total exports. The second position in the ranking was held by iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm ($84K), with a 0.2% share of total exports. It was followed by iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 3mm or more, with a 0.1% share.

From 2013 to 2024, the average annual growth rate of the value of iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm exports amounted to -4.8%. With regard to the other exported products, the following average annual rates of growth were recorded: iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 0.5mm or more but not exceeding 1mm (+7.1% per year) and iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 3mm or more (-11.1% per year).

The average flat cold-rolled steel coils export price stood at $910 per ton in 2024, growing by 33% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2023 when the average export price increased by 101%. Over the period under review, the average export prices attained the maximum at $3,711 per ton in 2014; however, from 2015 to 2024, the export prices remained at a lower figure.

Prices varied noticeably by the product type; the product with the highest price was iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 3mm or more ($26,706 per ton), while the average price for exports of iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness exceeding 1mm but less than 3mm ($819 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for the following types: iron or non-alloy steel, in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of 3mm or more (+20.1%), while the prices for the other products experienced mixed trend patterns.

The average flat cold-rolled steel coils export price stood at $910 per ton in 2024, rising by 33% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2023 when the average export price increased by 101%. Over the period under review, the average export prices attained the maximum at $3,711 per ton in 2014; however, from 2015 to 2024, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2024, amid the top suppliers, the country with the highest price was Indonesia ($17,000 per ton), while the average price for exports to the United States ($909 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+8.2%), while the prices for the other major destinations experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for flat cold-rolled steel coils in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles