In 2023, Belgium emerged as a leading exporter, claiming a significant share of the global export market for hot-rolled iron or non-alloy steel products, registering a marginal growth of 0.16%. Meanwhile, Ukraine and Japan experienced downturns of -4.43% and -3.26%, respectively. Other notable shifts include Slovakia's decrease of -1.17% and India's rise of 2.93%. Despite an overall decline in some regions, countries like Macedonia, Portugal, and Oman showed promising growth trends, notably Oman with a substantial increase of 53.13%.
Looking forward, key areas to watch include:
- Potential recoveries or further declines in countries presently experiencing downturns, such as Ukraine and Japan.
- Growth perseverance from burgeoning markets like Oman and Macedonia, potentially influencing market dynamics.
- The impact of global economic changes and environmental regulations on production and trade practices in the steel industry.
Top countries in Export of Hot Rolled Iron or Non-Alloy Steel Not in Coils, of a Width of 600 mm or More, Thickness of 4.75-10 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 Belgium | 11.25 | 2023 | +1.12% | +0.16% | View data |
| 2 | 2 Ukraine | 8.6 | 2023 | -2.51% | -4.43% | View data |
| 3 | 3 Netherlands | 6.28 | 2023 | +2.54% | +0.92% | View data |
| 4 | 4 Italy | 5.77 | 2023 | +2.16% | +1.25% | View data |
| 5 | 5 Austria | 5.64 | 2023 | +2.21% | +1.86% | View data |
| 6 | 6 South Korea | 5.52 | 2023 | +1.32% | +0.83% | View data |
| 7 | 7 Sweden | 4.85 | 2023 | +2.88% | +3.55% | View data |
| 8 | 8 Denmark | 4.63 | 2023 | +3.32% | +1.44% | View data |
| 9 | 9 Japan | 4.63 | 2023 | -3.56% | -3.26% | View data |
| 10 | 10 Russia | 4.35 | 2023 | -0.52% | -1.47% | View data |
