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Market Overview:
U.S Automotive Steel Market Volume is expected to reach 16.0 MT by 2031 after growing at a CAGR of 3.2% during the forecast period 2025-2031, according to a recent report published by IndustryARC, titled, “U.S Automotive Steel Market - By Steel Type (Stainless Steel, Low Carbon Steel, High Carbon Steel, Advanced High-Strength Steel, Galvanized steel, Other), By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By Manufacturing (Basic Oxygen Furnace (BOF), Electric Arc Furnace (EAF)), By Coating (Bare Steel, Zinc-Coated Steel, Pre-Painted/Organic Coated Steel, Aluminum-Coated (Aluminized) Steel), By Form (Sheets & Coils, Bars & Rods, Tubes & Pipes, Plates), By Application (Body and Structure, Chassis, Powertrain & Exhaust, Battery Pack, Propulsion System, Safety & Crash Protection, Others) Opportunity Analysis & Industry Forecast, 2025-2031
The U.S Automotive Steel market is driven by rising vehicle production, a demand for fuel-efficient and safer cars, ongoing advancements in steel technology, and the swift growth of the electric vehicle industry, the need for diverse steel types like low-carbon, galvanised, and advanced high-strength steel.
Advanced High Strength steel dominated the market in 2024:
Advanced high-strength steel (AHSS) held the largest market share in 2024. This growth is largely attributed to the automotive sector's increasing demand for lightweight materials to enhance fuel efficiency and reduce emissions. It offers a superior strength-to-weight ratio compared to conventional steel, enabling manufacturers to reduce vehicle weight without compromising structural integrity. This weight reduction leads to improved fuel economy and lower greenhouse gas emissions.
U.S Automotive Steel Market: Key Takeaways
Rise in EV Production
The rapid rise in electric vehicle (EV) production is emerging as a major driver for the U.S Automotive Steel market. As automakers increasingly shift their focus to electrification, the demand for innovative, high‐strength steel solutions is intensifying. As per the International Energy Agency (IEA), the U.S saw 1.4 million new electric vehicle registrations in 2023, marking a surge of over 40% from the previous year. Additionally, EPA’s new emissions standards require 56% of new vehicles sales to be electric by 2032. As the production of EVs increases, the demand for automotive steel also increases.
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Focus on Domestic Production
The U.S. automotive steel market is experiencing a significant shift towards domestic production. The United States-Mexico-Canada Agreement tightened rules of origin, mandating that 70% of the steel used in vehicles be sourced from North America to enhance supply chain stability and reduce reliance on unpredictable global markets. Additionally, in 2024, the US government has reinforced trade protections by reintroducing a 25% tariff on steel. These measures aim to shield domestic industries and encourage reshoring of production, directly affecting the automotive sector's raw material supply. Collectively, these policies create a more favourable landscape for U.S steel producers to meet the demands of the automotive industry.
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Recent Developments:
• In March 2025, Hyundai Steel unveiled plans for a $5.8 billion investment to establish a state-of-the-art Electric Arc Furnace (EAF)- based integrated steel mill in Louisiana, along with Hyundai Motor Group. The facility will focus on producing 2.7 million metric tons of steel annually, catering primarily to the automotive industry.
• In February 2025, ArcelorMittal announced plans to build an advanced steel manufacturing facility in Calvert, Alabama, as it seeks to increase its production capacity to meet demand from the U.S. automotive sector. This plant will be able to deliver up to 150 kilotons of premium non-grain-oriented electrical steel (NOES) annually, used primarily in the manufacturing of larger vehicles, full-size pickups, and SUVs.
U.S Automotive Steel Market: Competitive Landscape
Key companies profiled in the U.S Automotive Steel Market are Nucor Corporation, Nippon Steel Corporation, ArcelorMittal, Cleveland-Cliffs Inc., Kobe Steel USA Inc., Voestalpine High Performance Metals LLC, Tata, United States Steel Corporation, Hyundai Steel America, Inc, JFE Steel America, Inc. and others.
Related Reports:
Steel Market - The Steel market is analyzed to be $1261115 Million in 2030. The market is estimated to grow with a CAGR of 4.1% during 2024-2030. The growing demand for steel across the various regions and construction and infrastructure development are the factors driving the market.
Special Steel Market - The Special Steel Market size is estimated to reach US$250 billion by 2027, after growing at a CAGR of 4.0% during the forecast period 2022-2027. The growing automotive sector is driving the special steel market growth.
High Strength Steel Market - The High Strength Steel Market size is estimated to reach US$54.1 billion by 2027 after growing at a CAGR of 7.3% during the forecast period 2022-2027. The key factor propelling the expansion of the market for high-strength steel is the rise in demand from the global construction and automotive industries.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
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