Which Country Imports the Most Cold-Rolled Steel Products in the World?

Basic Iron And Steel May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

In 2016, the global imports of cold-rolled steel stood at 42M tonnes, remaining constant against the previous year level. In general, cold-rolled steel imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when it surged by 7% from the previous year level. Global cold-rolled steel import peaked of 44M tonnes in 2007; however, from 2008 to 2016, it failed to regain its strength.

In value terms, cold-rolled steel imports amounted to $13B in 2016. Overall, cold-rolled steel imports continue to indicate a drastic descent. Over the period under review, global cold-rolled steel imports attained its maximum level of $23B in 2008; however, from 2009 to 2016, it stood at a somewhat lower level.

Top Cold-Rolled Steel Importing Countries in the World

1. China (1,138.2 million USD)

2. USA (1,023.7 million USD)

3. Germany (684.1 million USD)

4. Belgium (606.1 million USD)

5. Malaysia (464.2 million USD)

6. South Korea (425.6 million USD)

7. India (407.6 million USD)

8. Japan (402.1 million USD)

9. Netherlands (286.5 million USD)

10. Russia (129.0 million USD)

11. Kazakhstan (43.6 million USD)

12. Ukraine (31.1 million USD)

Cold-Rolled Steel Imports By Country

In 2016, China (4.6M tonnes), South Korea (4.6M tonnes), and Japan (4M tonnes) were the main importers of cold-rolled steel in the world, achieving 31% of total import. Belgium (2.2M tonnes) held a 5% share (based on tonnes) of global cold-rolled steel imports, which put it in second place, following Russia (5%), and India (5%). The U.S. (1.7M tonnes), the Netherlands (1.4M tonnes), Germany (1.2M tonnes), Ukraine (963K tonnes), Kazakhstan (956K tonnes), and Malaysia (888K tonnes) followed a long way behind this figure.

From 2007 to 2016, the most notable growth rate of cold-rolled steel imports, among the main importing countries, was attained by India (+14.8% per year), while the other global leaders experienced more modest paces of growth.

In value terms, China ($1.1B), the U.S. ($1B) and Germany ($684M) appeared as the countries with the highest levels of imports in 2016, together accounting for 22% of global imports. These countries were followed by Belgium, Malaysia, South Korea, India, Japan, the Netherlands, Russia, Kazakhstan and Ukraine, which together accounted for a further 21%.

Kazakhstan (+15.7% per year) experienced the highest rates of growth with regard to the cold-rolled steel imports, among the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.

Cold-Rolled Steel Import Prices By Country

In 2016, the average import price for cold-rolled steel amounted to $312 per tonne, declining by -11.9% against the previous year. In general, cold-rolled steel import price continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2008, when import price increased by 22% y-o-y. Over the period under review, average cold-rolled steel import price reached its maximum level of $539 per tonne in 2011; however, from 2012 to 2016, it stood at a somewhat lower level.

Import prices varied noticeably by country of destination. the country with the highest import prices was the U.S. ($598 per tonne), while Ukraine ($32 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of cold-rolled steel import prices was attained by Kazakhstan (+13.3% per year), while the other global leaders experienced more modest paces of growth.

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

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

All data provided in this article covers the following product: HS Code 7209 - Iron or non-alloy steel; flat-rolled products, width 600mm or more, cold-rolled (cold-reduced), not clad, plated or coated.

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