Flat-rolled Steel Products Market

Flat-rolled steel products market: download newly released facts and figures provided by an Ai-driven business intelligence platform. Facts and figures provide companies, market prices, exports, consumption, market size, trade, imports, and production. Here is a split by country, including EU, the U.K., China, Latin America, the Middle East, Russia, the U.S., and Africa. Market insights and outlook to 2030 are also provided in the dashboards.


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Flat-rolled Steel Products - World's Largest Markets

RatingCountry
1China
2United States
3Brazil
4United Kingdom
5France

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Brazil.

In China, the flat-rolled steel products market increased at an average annual rate of +13.8% over the period from 2019-2021. In the other countries, the average annual rates were as follows: the United States (+6.8% per year) and Brazil (+11.4% per year).

Flat-Rolled Steel Products Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Taiwan (Chinese)949868903-2.5%
South Korea985874928-2.9%
Turkey936849932-0.2%
Belgium90485410166.0%
Germany99994210442.2%
Spain95492310705.9%
France96094110876.4%
China846780109213.6%
Slovakia100797611044.7%
India849780113915.8%
Netherlands1017103111486.2%
Canada1133109012093.3%
Japan9461076140822.0%
Average95091610716.2%

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($1,408 per ton), while Taiwan (Chinese) ($903 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Netherlands1105111112516.4%
France1061105311865.7%
Philippines1077100211784.6%
Mexico97688711458.3%
Spain106397511333.2%
Germany103097410983.2%
Poland1072103810740.1%
Italy96692410675.1%
United States10989071000-4.6%
Thailand966833904-3.3%
India6606266731.0%
South Africa980789659-18.0%
Mauritius674601599-5.7%
Average98992510714.0%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($1,251 per ton), while Mauritius ($599 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.

Flat-Rolled Steel Products - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
United States0.80.70.84.9%
Italy0.60.60.64.8%
Mexico0.20.20.326.8%
France0.20.20.24.0%
Philippines0.20.20.212.2%

In value terms, the largest flat-rolled steel products importing markets worldwide were the United States ($828M), Italy ($636M) and Mexico ($280M), together accounting for 26% of global imports. These countries were followed by France, the Philippines, Poland, Thailand, the Netherlands, Spain, Germany, South Africa, India and Mauritius, which together accounted for a further 26%.

Among the main importing countries, Mauritius (+793.0% per year) saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Flat-Rolled Steel Products - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
billion USD
China111.729.4%
Germany0.80.70.80.6%
Netherlands0.70.70.71.7%
Japan0.50.50.55.9%
Slovakia0.40.40.43.1%

In value terms, China ($1.7B) remains the largest flat-rolled steel products supplier worldwide, comprising 26% of global exports. The second position in the ranking was occupied by Germany ($771M), with a 12% share of global exports. It was followed by the Netherlands, with a 11% share.

From 2019 to 2021, the average annual rate of growth in terms of value in China amounted to +29.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+0.6% per year) and the Netherlands (+1.7% per year).

Flat-Rolled Steel Products - Market Forecast

Driven by increasing demand for flat-rolled steel products worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Flat-Rolled Steel Products - Top Companies

Dongguan Dazhou Iron & Steel Co., Ltd., NIPPON STEEL & SUMITOMO METAL CORPORATION, Baoshan Iron & Steel Co., Ltd., Shougang Group Corporation, JFE STEEL CORPORATION, TATA STEEL LIMITED, Nucor Corporation, Hyundai Steel Company, KOBE STEEL, LTD., Hesteel Company Limited, Jiangsu Shagang Group Co., Ltd., Wugang Group Co., Ltd., Shandong Iron & Steel Group Co., Ltd., Jiuquan Iron And Steel (Group) Co., Ltd., Angang Steel Company Limited, United States Steel Corp, CHINA STEEL CORPORATION, Hunan Valin Iron & Steel Group Co., Ltd., Maanshan Iron & Steel Company Limited, Anshan Iron and Steel Group Co., Ltd.

Flat-rolled Steel Products - Product Coverage

  • HS 721011 - Iron or non-alloy steel; flat-rolled, width 600mm or more, plated or coated with tin, thickness of 0.5mm or more
  • HS 721012 - Iron or non-alloy steel; flat-rolled, width 600mm or more, plated or coated with tin, thickness of less than 0.5mm
  • HS 721210 - Iron or non-alloy steel; flat-rolled, width less than 600mm, plated or coated with tin
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World - Flat-Rolled Products of Iron or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global flat-rolled steel products market.

Latin America and the Caribbean - Flat-Rolled Products of Iron or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the flat-rolled steel products market in Latin America and the Caribbean.

Eastern Asia - Flat-Rolled Products of Iron or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the flat-rolled steel products market in Eastern Asia.

Africa - Flat-Rolled Products of Iron or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the flat-rolled steel products market in Africa.

South-Eastern Asia - Flat-Rolled Products of Iron or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the flat-rolled steel products market in South-Eastern Asia.

Australia and Oceania - Flat-Rolled Products of Iron or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the flat-rolled steel products market in Australia and Oceania.

Northern America - Flat-Rolled Products of Iron or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the flat-rolled steel products market in Northern America.

Southern Asia - Flat-Rolled Products of Iron or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the flat-rolled steel products market in Southern Asia.

Middle East - Flat-Rolled Products of Iron or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the flat-rolled steel products market in the Middle East.

Central Asia - Flat-Rolled Products of Iron or Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the flat-rolled steel products market in Central Asia.

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