Cold Rolled Coil Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Sales Channel (Direct, Indirect), By End Use (Automotive, Construction & Infrastructure, Appliances & Electronic, Packaging, Electrical & Power Generation, Others), By Region and Competition, 2020-2030F

Market Overview

Global Cold Rolled Coil Market was valued at USD 72904.42 Million in 2024 and is expected to reach USD 93400.52 Million by 2030 with a CAGR of 4.85% during the forecast period. The global cold rolled coil (CRC) market is experiencing steady growth, driven by increasing demand across automotive, construction, consumer goods, and industrial manufacturing sectors. Cold rolled coils, processed through cold reduction mills at room temperature, offer superior surface finish, enhanced strength, and precise dimensional accuracy, making them a preferred choice for applications requiring high-quality steel.

The automotive sector is a major consumer of cold rolled coils, using them in the production of car body panels, structural components, and chassis. The industry's shift towards lightweight, high-strength materials to improve fuel efficiency and safety is boosting the demand for advanced high-strength steel (AHSS) cold rolled coils. Growth in urbanization, infrastructure development, and commercial real estate projects is increasing the demand for cold rolled steel in roofing, wall panels, and structural frameworks. The superior corrosion resistance and durability of CRC make it essential for high-performance building materials.

The cost of raw materials, particularly hot rolled steel and iron ore, is highly volatile due to geopolitical tensions, trade policies, and supply chain disruptions. Price fluctuations can increase production costs and impact profit margins for CRC manufacturers.

Key Market Drivers

Growth in Automotive Industry

The expanding automotive industry is a major driver of the global cold rolled coil (CRC) market, as cold rolled steel is widely used in the production of vehicle bodies, structural components, and high-performance automotive parts. To stimulate the adoption of new energy vehicles (NEVs), China has implemented a range of initiatives, including tax exemptions. The country's NEV production surged from approximately 17,500 units in 2013 to over 3.5 million units in 2021. China's focus on NEV development is not only aimed at mitigating urban air pollution but also serves as a strategic move to enhance the global competitiveness of Chinese automakers against established manufacturers specializing in internal combustion engine vehicles. The global rise in vehicle production, driven by increasing consumer demand and urbanization, is significantly boosting the need for cold rolled coils. Automakers use CRC for body panels, doors, roof structures, and chassis components due to its superior surface finish, precise thickness control, and enhanced mechanical properties. As automotive production scales up in major markets such as China, India, the United States, and Germany, the demand for cold rolled coils continues to rise.

To meet stringent fuel efficiency and emission regulations, the automotive industry is focusing on lightweight vehicle designs. Advanced high-strength steel (AHSS) and ultra-high-strength steel (UHSS), which are primarily produced through cold rolling processes, are being adopted to reduce vehicle weight without compromising structural integrity. Cold rolled steel’s high formability and strength make it an essential material for producing crash-resistant components, reinforcing its role in modern automotive design.

Growth in Construction Industry

The rapid expansion of the construction industry is a significant driver of the global cold rolled coil (CRC) market, as CRC is widely used in structural applications, roofing, cladding, and infrastructure development. Before the onset of the coronavirus pandemic, the construction industry expanded to a total expenditure of approximately USD 12 trillion. It is projected to grow at an annual rate of 3%. This encompasses construction activities across real estate—both residential and commercial—as well as infrastructure and industrial developments. Construction spending figures account for labor and material costs, architectural and engineering services, and applicable taxes. With increasing urbanization, industrialization, and large-scale infrastructure projects, the demand for high-strength, durable, and corrosion-resistant steel materials is rising, directly fueling the growth of the CRC market.

One of the key factors contributing to this trend is the rising demand for high-quality steel in modern construction. Alliance Steel maintains a dependable supply of flat-rolled steel and coil products, contributing to the development of communities, hospitals, schools, bridges, and roads. Moreover, securing a consistent flow of flat-rolled steel products is essential for constructing infrastructure and manufacturing the heavy equipment required to sustain these initiatives. Cold rolled coils offer superior surface finish, enhanced mechanical properties, and better formability compared to hot rolled steel, making them ideal for architectural designs, prefabricated structures, and commercial buildings. The shift toward sustainable and energy-efficient construction materials has further increased the preference for CRC in green buildings and smart infrastructure projects.

Download Free Sample Report

Key Market Challenges

Volatility in Raw Material Prices

The global cold rolled coil (CRC) market faces a significant challenge due to the volatility in raw material prices, which directly impacts production costs, profitability, and supply chain stability. Cold rolled coils are primarily manufactured from hot rolled steel, which is derived from iron ore, coking coal, and scrap metal—all of which are subject to price fluctuations driven by global economic conditions, geopolitical factors, and supply chain disruptions. Iron ore, a fundamental raw material for steel production, experiences frequent price swings due to global supply-demand imbalances, trade policies, and geopolitical tensions. Disruptions in major iron ore-producing regions such as Australia, Brazil, and China can lead to sharp price hikes, increasing the cost of hot rolled steel—the primary input for CRC manufacturing.

The cold rolling process requires high-quality coking coal for steel production and significant energy inputs. Variations in coal prices, electricity costs, and fuel expenses can drive up operational costs for CRC manufacturers. Moreover, regulatory measures aimed at reducing carbon emissions are leading to higher compliance costs for energy-intensive steel production.

Key Market Trends

Increasing Use of Cold Rolled Coil in Electrical and Appliance Manufacturing

The increasing penetration of consumer electronics and home appliances, such as refrigerators, washing machines, ovens, and air conditioners, is fueling demand for cold rolled coils. JIS 35JN270 cold-rolled steel coil is utilized in the production of refrigerators and washing machines. The primary application of non-oriented cold-rolled silicon steel coils is in generator manufacturing, which is why they are also referred to as cold-rolled electrical silicon steel. These products require durable and corrosion-resistant materials to ensure longevity and performance. CRC’s superior strength and formability make it the preferred choice for manufacturing appliance casings, doors, and structural components. The growing middle-class population, rising disposable incomes, and technological advancements in smart appliances are expected to sustain this demand.

Cold rolled coils are extensively used in the production of electrical steel, which is a critical material in transformers, electric motors, and generators. With the expansion of renewable energy infrastructure and increasing investments in power distribution networks, the demand for cold rolled electrical steel is on the rise. Countries worldwide are upgrading their energy grids and expanding electrification efforts, further boosting the need for CRC-based electrical components.

Segmental Insights

Sales Channel Insights

Based on Sales Channel, Direct have emerged as the fastest growing segment in the Global Cold Rolled Coil Market in 2024. One of the primary drivers of this growth is the cost advantage and procurement efficiency offered by direct sales. By sourcing CRC directly from manufacturers, large-scale buyers—such as construction firms, infrastructure developers, and automotive manufacturers—can eliminate intermediary costs, negotiate bulk discounts, and maintain better control over pricing and inventory management. This is particularly beneficial for industries that require large volumes of CRC for continuous production cycles.

End Use Insights

Based on End Use, Packaging have emerged as the fastest growing segment in the Global Cold Rolled Coil Market during the forecast period. The food and beverage sector is a major consumer of cold rolled steel-based packaging due to its high durability, superior barrier properties, and corrosion resistance. Some key applications include beverage cans and powdered food packaging. With urbanization and changing consumer lifestyles, the demand for convenient, long-lasting, and protective packaging solutions has surged. Cold rolled steel provides high structural integrity, ensuring that perishable goods remain fresh and uncontaminated.

Download Free Sample Report

Regional Insights

Based on Region, Asia Pacific have emerged as the dominating region in the Global Cold Rolled Coil Market in 2024. China is the largest producer and consumer of cold rolled coils, with state-backed steel giants like Baowu Steel Group, HBIS Group, and Shougang Corporation playing a crucial role in maintaining high production levels. India’s steel sector, led by Tata Steel, JSW Steel, and SAIL, is witnessing rapid expansion, while South Korea’s POSCO remains a major supplier of high-quality cold rolled coil (CRC) to global markets. Initiatives such as China’s Belt and Road Initiative (BRI), India’s Smart Cities Mission, and Japan’s infrastructure modernization programs are significantly increasing CRC consumption.

Recent Development

• In 2025, Hyundai Steel, South Korea’s second-largest steel producer, temporarily halted operations at one of its three domestic steel reinforcement bar (rebar) plants due to weak demand. The company anticipates that the plant’s one-month suspension will help mitigate market oversupply, as steelmakers grapple with declining product prices amid intensified competition. Meanwhile, South Korean industries remained on high alert on Tuesday in response to a new wave of U.S. tariffs set to take effect this week, raising concerns about their potential impact on the nation’s export-driven economy, according to industry analysts.
• In December 2024, Metinvest Group’s steelmaking facilities in Ukraine introduced 20 new products, including six developed in collaboration with the Zaporizhstal joint venture. The majority of these new offerings were produced by Kamet Steel and Zaporizhstal, while Unisteel, the Group’s galvanized steel manufacturer, launched one new product. Among the newly introduced products, S250GD coil is manufactured in accordance with both Ukrainian and European standards. It is designed for further galvanizing and additional coatings, ultimately serving as a material for lightweight, thin-walled steel structures. S215G rolled steel, produced to meet the German DIN 1623-2 standard, is well-suited for the fabrication of unwelded and welded metal profiles, sheets, as well as supporting, auxiliary, and decorative structural components. Additionally, the DC01 coil, with a thickness of 2.5 mm, complies with European standards EN 10130 and EN 10131. This steel variant is particularly advantageous for applications requiring precise geometric specifications and ease of forming, while maintaining adequate mechanical strength.
• In December 2024, Sambhv Steel Tubes Limited, a leading Indian manufacturer of electric resistance welded (ERW) steel pipes and structural tubes by installed capacity, announced the expansion of its product portfolio with the introduction of a new range of stainless steel products. This lineup includes stainless steel coils, comprising hot rolled annealed and pickled (HRAP) coils and stainless steel cold rolled coils (collectively referred to as "Stainless Steel Coils"). The company has commenced in-house production of these coils using stainless steel slabs and stainless steel HR coils, with an installed capacity of 60,000 MTPA as of September 2024. Engineered for quality, durability, and versatility, these products cater to diverse industrial applications.
• In May 2024, a leading Chinese stainless steel manufacturer inaugurated its second cold-rolling mill in Vietnam, effectively doubling its production capacity in the country and intensifying market competition in the region. Yongjin Metal Technology hosted the opening ceremony for its new facility, aligning with its previously announced timeline for the second quarter of 2024. Construction of the plant commenced in May of the previous year, with a design capacity of 260 kt for precision stainless steel strips ranging from 0.3 mm to 1.2 mm in thickness. These high-quality materials are intended for diverse applications, including home appliances, kitchenware, and furniture.

Key Market Players

• JSW Steel Ltd.
• Usinas Siderúrgicas de Minas Gerais S.A. (USIMINAS)
• Tata steel
• JFE Steel Corporation
• Hyundai Steel
• MARCEGAGLIA STEEL S.p.A
• Gnee Steel (tianjin) Co., Ltd
• ArcelorMittal
• Benxi Steel Plates Co., Ltd.

Report Scope

In this report, the Global Cold Rolled Coil Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Cold Rolled Coil Market, By Sales Channel:

o   Direct

o   Indirect

• Cold Rolled Coil Market, By End Use:

o   Automotive

o   Construction & Infrastructure

o   Appliances & Electronic

o   Packaging

o   Electrical & Power Generation

o   Others

• Cold Rolled Coil Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Cold Rolled Coil Market.

Available Customizations:

Global Cold Rolled Coil Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Global Cold Rolled Coil Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com