In 2023, Kazakhstan dominated global exports of hot-rolled iron or non-alloy steel in coils with a significant share, growing by 4.66% year-on-year, maintaining its leadership. South Korea, while second, saw a decline of 3.4%. France slightly improved at 1.15%, contrasting with Germany's 3.85% decrease. India's exports increased notably by 7.12%, while other leading players such as Japan and Russia experienced reductions. Canada and Poland saw significant declines by 3.84% and 3.88% respectively. Luxembourg's unique growth of 40.52% is noteworthy, though from a smaller base.
Future trends indicate potential volatility in the global market driven by geopolitical tensions and shifts in manufacturing bases. Watch for India’s increasing market share and technological advancements in steel production enhancing efficiency and reducing production costs across countries. Additionally, environmental regulations might influence sustainable production methods, impacting exports.
Top countries in Export of Hot-Rolled Iron or Non-Alloy Steel in Coils, of a Width of 600 mm or More, Thickness More Than 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 Kazakhstan | 27.27 | 2023 | +5.79% | +4.66% | View data |
| 2 | 2 South Korea | 14.27 | 2023 | -1.6% | -3.4% | View data |
| 3 | 3 France | 11.22 | 2023 | +4.5% | +1.15% | View data |
| 4 | 4 Germany | 8.95 | 2023 | -1.01% | -3.85% | View data |
| 5 | 5 India | 5.31 | 2023 | +2.99% | +7.12% | View data |
| 6 | 6 Japan | 4.35 | 2023 | +0.18% | -2.7% | View data |
| 7 | 7 Russia | 3.5 | 2023 | -0.2% | -2.91% | View data |
| 8 | 8 Belgium | 3.44 | 2023 | +2.67% | +1.04% | View data |
| 9 | 9 Netherlands | 3.11 | 2023 | -0.087% | -2.01% | View data |
| 10 | 10 Canada | 2.66 | 2023 | +1.45% | -3.84% | View data |
