In 2023, Japan led global exports of hot-rolled iron or non-alloy steel coils, but faced a slight decline of 0.24%. South Korea and Belgium saw growth rates of 2.18% and 1.26%, respectively. Meanwhile, India and Morocco exhibited strong expansions, with 7.7% and 9.47% increases. Conversely, China and New Zealand witnessed significant declines of 27.22% and 28.01%, respectively. The United States showed a moderate growth of 2.87%, while countries like Italy and Luxembourg faced noteworthy reductions, with Italy experiencing a decline of 10.61% and Luxembourg seeing a 37.28% decrease.
Future trends to watch include:
- Potential recovery in markets like China, Italy, and Luxembourg as they adjust production and trade strategies.
- Increased competition from rising markets such as India and South Korea, which continue to expand their export capabilities.
- The impact of geopolitical dynamics and trade policies on the stability and growth of the global steel market.
Top countries in Export of Hot-Rolled Iron or Non-Alloy Steel in Coils, of a Width of 600 mm or More, Thickness of 3-4.75 mm and Minimum Yield Point Not Exceeding 355 Mpa Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 22.73 | 2023 | +1.85% | -0.24% | View data |
| 2 | 2 South Korea | 12.97 | 2023 | +2.38% | +2.18% | View data |
| 3 | 3 Belgium | 9.63 | 2023 | +2.35% | +1.26% | View data |
| 4 | 4 France | 8.47 | 2023 | +3.06% | +3.33% | View data |
| 5 | 5 Germany | 6.91 | 2023 | +2.25% | +2.06% | View data |
| 6 | 6 Russia | 6.9 | 2023 | +2.95% | +2.02% | View data |
| 7 | 7 India | 5.68 | 2023 | +4.51% | +7.7% | View data |
| 8 | 8 Egypt | 3.85 | 2023 | +2.77% | +0.45% | View data |
| 9 | 9 Slovakia | 3.33 | 2023 | +1.86% | +2.14% | View data |
| 10 | 10 Canada | 3.28 | 2023 | +1.05% | -2.66% | View data |
