Rolling Mill Market Overview in the USA
In value terms, rolling mill production shrank to $ in 2019. The total output value increased at an average annual rate of +% from 2013 to 2019; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2018, and then contracted in the following year.
The size of the rolling mill market in the U.S. expanded slightly to $ in 2019, growing by % 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). The market value increased at an average annual rate of +% from 2013 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the market value increased by % against the previous year. Rolling mill consumption peaked in 2019 and is likely to see steady growth in years to come.