In 2023, Japan led the global export market for hot-rolled iron or non-alloy steel in coils with a value of 1.91 billion USD, followed by South Korea and Belgium. Japan experienced a slight decrease, while South Korea and Belgium saw positive growth. Eastern European countries like Latvia and Romania, along with Brazil and France, showed notable year-on-year variations, indicating regional fluctuations.
Key growth drivers include India's rapid expansion, posting a robust year-on-year increase. However, major producers such as China faced significant downturns. African and Middle Eastern markets such as Morocco and Saudi Arabia displayed varying trends due to regional dynamics.
Future trends to watch for include potential market shifts driven by geopolitical factors, environmental regulations, and technological advancements in steel production. Emerging markets, particularly in Southeast Asia and Africa, may offer new opportunities for growth, while established markets adjust to global economic conditions.
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 by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 1,913,400,000 | 2023 | +1.85% | -0.24% | View data |
| 2 | 2 South Korea | 1,091,700,000 | 2023 | +2.38% | +2.18% | View data |
| 3 | 3 Belgium | 810,770,000 | 2023 | +2.35% | +1.26% | View data |
| 4 | 4 France | 713,350,000 | 2023 | +3.06% | +3.33% | View data |
| 5 | 5 Germany | 581,670,000 | 2023 | +2.25% | +2.06% | View data |
| 6 | 6 Russia | 581,010,000 | 2023 | +2.95% | +2.02% | View data |
| 7 | 7 India | 478,000,000 | 2023 | +4.51% | +7.7% | View data |
| 8 | 8 Egypt | 324,390,000 | 2023 | +2.77% | +0.45% | View data |
| 9 | 9 Slovakia | 280,500,000 | 2023 | +1.86% | +2.14% | View data |
| 10 | 10 Canada | 275,820,000 | 2023 | +1.05% | -2.66% | View data |
