The global export landscape of hot-rolled iron or non-alloy steel in coils is dominated by Japan, which holds a substantial market share, although it experienced a slight decline. Russia and South Korea follow, both demonstrating robust growth, particularly Russia, with a significant increase over the last year. India also shows a promising upward trend, marking the largest year-on-year growth. Notably, European countries, such as France and Belgium, maintain stable shares, albeit with minor fluctuations. Other key players include Brazil, the Netherlands, and Germany, all contributing significant exports, though the Netherlands faced a slight decline.
Future trends to watch include a continued rise in exports from India due to their growing steel production capabilities. Russia and South Korea are likely to maintain their upward trajectory if geopolitical conditions remain favorable. Meanwhile, European exporters might face challenges due to economic and regulatory shifts. The demand for steel in renewable energy infrastructure could spur growth in specific regions. Monitoring environmental regulations and advancements in steelmaking technologies will be essential for understanding market shifts over the coming years.
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 Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 24.48 | 2023 | +0.92% | -0.027% | View data |
| 2 | 2 Russia | 13.66 | 2023 | +1.64% | +1.05% | View data |
| 3 | 3 South Korea | 11.04 | 2023 | +0.78% | +0.99% | View data |
| 4 | 4 India | 7.81 | 2023 | +4.21% | +6.71% | View data |
| 5 | 5 France | 6.82 | 2023 | +1.89% | +2% | View data |
| 6 | 6 Belgium | 6.08 | 2023 | +0.11% | -1.11% | View data |
| 7 | 7 Germany | 5.54 | 2023 | +2.08% | +2.01% | View data |
| 8 | 8 Brazil | 4.33 | 2023 | +3.39% | +3.51% | View data |
| 9 | 9 Netherlands | 4.15 | 2023 | +0.73% | -1.14% | View data |
| 10 | 10 Ukraine | 2.88 | 2023 | -2.96% | -4.46% | View data |