Which Country Exports the Most Hot-Rolled Steel Products in the World?

Basic Iron And Steel May 28, 2018
Author: Anna Sergeeva
Market Analyst

Global hot-rolled steel exports totaled 80M tonnes in 2016, going up by 4% against the previous year figure. Overall, hot-rolled steel exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when exports increased by 14% from the previous year level. Global hot-rolled steel export peaked in 2016, and are expected to retain its growth in the immediate term.

In value terms, hot-rolled steel exports stood at $35B in 2016. In general, hot-rolled steel exports continue to indicate a abrupt reduction. Global hot-rolled steel export peaked of $67B in 2008; however, from 2009 to 2016, it stood at a somewhat lower level.

Top Hot-Rolled Steel Exporting Countries in the World

1. Japan (6.2 billion USD)

2. South Korea (4.3 billion USD)

3. Russia (2.4 billion USD)

4. Belgium (2.1 billion USD)

5. Germany (1.9 billion USD)

6. France (1.8 billion USD)

7. Ukraine (1.5 billion USD)

8. USA (1.2 billion USD)

9. Italy (1.1 billion USD)

10. Netherlands (1.1 billion USD)

11. Turkey (0.8 billion USD)

12. India (0.8 billion USD)

Hot-Rolled Steel Exports By Country

In 2016, Japan (16M tonnes), distantly followed by South Korea (9.9M tonnes), Russia (7M tonnes), Belgium (4.3M tonnes), Ukraine (3.9M tonnes), France (3.8M tonnes), and Germany (3.8M tonnes) represented the major exporters of hot-rolled steel, together committing 61% of total exports. The U.S. (2.4M tonnes), Italy (2.3M tonnes), the Netherlands (2.2M tonnes), Turkey (2.1M tonnes), and India (1.9M tonnes) followed a long way behind this figure.

From 2007 to 2016, the most notable growth rate of hot-rolled steel exports, among the main exporting countries, was attained by Turkey (+15.9% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled steel markets worldwide were Japan ($6.2B), South Korea ($4.3B) and Russia ($2.4B), with a combined 37% share of global exports.Belgium, Germany, France, Ukraine, the U.S., Italy, the Netherlands, Turkey and India lagged somewhat behind, together comprising a further 36%.

Turkey (+10.3% per year) recorded the highest rates of growth with regard to the hot-rolled steel exports, among the main exporting countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Hot-Rolled Steel Export Prices By Country

The average hot-rolled steel export price stood at $434 per tonne in 2016, dropping by -10.1% against the previous year. Overall, hot-rolled steel export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2008, when export price increased by 30% from the previous year level. In that year, average hot-rolled steel export price attained its maximum level of $900 per tonne. From 2009 to 2016, growth of average hot-rolled steel export price failed to regain its strength.

Average export prices varied somewhat amongst major exporting countries. In 2016, major exporting countries recorded the following export prices: in Germany ($506 per tonne) and the U.S. ($505 per tonne), while Russia ($344 per tonne) and Ukraine ($394 per tonne) were among the lowest.

From 2007 to 2016, the most notable growth rate of hot-rolled steel export prices was attained by the Netherlands (-3.3% per year), while the other global leaders experienced a decline in the export price figures.

Do you want to know more about global hot-rolled steel market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • hot-rolled steel market share
  • hot-rolled steel prices
  • hot-rolled steel industry
  • hot-rolled steel sales
  • hot-rolled steel import
  • hot-rolled steel export
  • hot-rolled steel market forecast
  • hot-rolled steel price forecast
  • key hot-rolled steel producers

All data provided in this article covers the following product: HS Code 7208 - Iron or non-alloy steel; flat-rolled products of a width of 600mm or more, hot-rolled, not clad, plated or coated.

Source: World: Flat-Rolled Products Of Iron Or Steel (Not Further Worked Than Hot-Rolled) - Market Report. Analysis and Forecast to 2025