Hot Rolled Pickled And Oiled Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Sulfuric Acid Oil and Hydrochloric Acid Oil), By Application (Automobile, Mechanical, and Others) and Region Forecast 2019-2030

Hot Rolled Pickled And Oiled Market size was valued at US$ 3,457.6 million in 2023 and is poised to grow at a significant CAGR of 6.7% over 2024-2030. The manufacturer may prefer -Hot Rolled Pickled and Oiled (HRPO) Coil over Hot Rolled Coils and Cold Rolled Coils because it is an input raw material. Due to its distinctive qualities, HRPO offers a significant deal of promise for application in producing galvanized steel pipes. Since HRC was only available above 2mm thickness and CRC was the only material accessible below 2mm thickness when cold rolled-coils were first utilized to construct pipes, producers had no choice but to use CRC. After several years of development, HRC was finally available in thicknesses ranging from 1.2 mm to 2 mm; as a result, producers switched from CRC to HRC to realize significant cost reductions of $50 to $55 per metric tonne.

Furthermore, a new product known as HRPO entered the market with ongoing improvements and developments. It was the same HRC but had been further treated with pickling and oiling to provide additional benefits, and it quickly attracted the interest of about 70% of the manufacturers because it was readily adaptable and most suitable for various applications. Since the surface scales of iron oxides are eliminated throughout the production process to match the finished finish, HRPO had a superior surface quality to HRC. Better weldability, which prevents weld failures along the way and significantly reduces rework costs and scrap, is another benefit of HRPO material. Because of its superior quality and in-house manufacturing method, HRPO also lessens the potential for unevenness. As a result, it works well for most uses since it offers more strength, and the material also responds favorably to galvanizing. Increased shelf life and higher corrosion resistance come from the zinc coating's excellent surface finish and improved appearance of the finished product.

Additionally, the key players focusing on manufacturing divisions are being expanded by key businesses to meet the expanding demand. For instance, in October 2020, to boost the steel's production capacity, ArcelorMittal (Luxembourg) purchased Essar Steel India Ltd. Additionally, a joint venture between ArcelorMittal and Nippon Steels introduced the Stallion brand of hot-rolled pickled and oiled steel. The stallion will be offered in a selection of custom sizes and several finishes, including black or pickled and oiled. Therefore, all of these factors are anticipated to positively impact the growth of the hot-rolled pickled and oiled market during the anticipated period.

Key Developments

• In July 2021, the Secretary of the United States Department of Transportation (US$OT) announced that the Infrastructure for Rebuilding America (INFRA) program would distribute US$ 905.25 million in discretionary grants to 24 projects in 18 states.