Global Export of Hot Formed Bar and Rod of Iron or Non-Alloy Steel Containing by Weight 0.25% or Less of Carbon Share by Country (US Dollars)

In 2023, Italy led the global export market for hot formed bar and rod of iron or non-alloy steel with a carbon weight of 0.25% or less, accounting for 14.16% of the total share by value. Russia and Japan followed, displaying significant growth variations of 1.39% and -1.19% respectively. Several countries exhibited notable growth, including South Korea with a year-on-year growth of 2.37%, and Azerbaijan, experiencing a growth surge of 15.65%. On the downside, countries such as Canada and Switzerland suffered significant declines, with year-on-year drops of -10.84% and -10.2% respectively.

Looking towards future trends, several emerging economies, especially in Asia and Africa, display potential for growth driven by infrastructural developments and increased demand for steel products. The evolving geopolitics and trade dynamics, particularly the sanctions on Russia, could also reshape export patterns. Monitoring technological advancements and sustainability drives in steel production may influence market shifts and competitiveness among exporters.