The global export of hot-rolled iron or non-alloy steel in coils, with a width of 600 mm or more and a thickness of less than 3 mm, is led by Japan, which accounted for a significant share in 2023 despite experiencing a slight year-on-year decline. Russia and South Korea saw notable growth, signaling increased competitiveness. India experienced the highest growth among major exporters, driven by substantial industrial demand and output expansion. In contrast, several European countries like the Netherlands and Ukraine witnessed declines, reflecting potential market constraints or realignments. Emerging markets like Senegal and Zambia exhibited remarkable growth rates, though from a low base.
Future trends to monitor include the potential impacts of geopolitical tensions on exports, shifts in global steel demand primarily driven by infrastructure projects, and green initiatives mandating the production of environmentally friendly steel. Moreover, countries like India and Brazil may continue to rise in prominence as key players, capitalizing on their expanding industrial bases and export strategies. Additionally, market volatility precipitated by protectionist policies and shifts in trade agreements will be crucial factors influencing future export dynamics.
Top countries in Export of Hot-Rolled Iron or Non-Alloy Steel in Coils, of a Width of 600 mm or More, Thickness Less Than 3 mm and Minimum Yield Point Not Exceeding 275 Mpa by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 3,640,200,000 | 2023 | +0.92% | -0.027% | View data |
| 2 | 2 Russia | 2,031,500,000 | 2023 | +1.64% | +1.05% | View data |
| 3 | 3 South Korea | 1,641,200,000 | 2023 | +0.78% | +0.99% | View data |
| 4 | 4 India | 1,160,800,000 | 2023 | +4.21% | +6.71% | View data |
| 5 | 5 France | 1,014,000,000 | 2023 | +1.89% | +2% | View data |
| 6 | 6 Belgium | 903,460,000 | 2023 | +0.11% | -1.11% | View data |
| 7 | 7 Germany | 823,270,000 | 2023 | +2.08% | +2.01% | View data |
| 8 | 8 Brazil | 643,190,000 | 2023 | +3.39% | +3.51% | View data |
| 9 | 9 Netherlands | 617,190,000 | 2023 | +0.73% | -1.14% | View data |
| 10 | 10 Ukraine | 428,760,000 | 2023 | -2.96% | -4.46% | View data |
