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World - Flat-Rolled Products Of Iron Or Steel (Not Further Worked Than Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

World - Flat-Rolled Products Of Iron Or Steel (Not Further Worked Than Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights

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Hot-rolled Steel Products Market

Hot-rolled steel products market: read newly released datasets featured by an Ai-driven BI platform. Data provide market size, production, trade, companies, consumption, exports, imports, and market prices. There is a breakdown by country, including Africa, Latin America, the U.K., China, the U.S., the Middle East, Russia, and EU. Market trends and outlook to 2030 are also provided in the snapshots.


Get FREE access to the latest REPORT on the Hot-rolled Steel Products Market. Make informed decisions with market maps on the DASHBOARD. Download datasets on the TABLE page.

Hot-rolled Steel Products - World's Largest Markets

RatingCountry
1United States
2China
3South Korea
4Guyana
5Vietnam

In value terms, the largest hot-rolled steel products markets worldwide were the United States, China and South Korea, together accounting for 41% of the global market. These countries were followed by Guyana, Vietnam, India, Japan, Russia and Brazil, which together accounted for a further 29%.

In terms of the main consuming countries, Guyana (+8,699.2% per year) saw the highest growth rate of market size, over the period under review, while hot-rolled steel products market for the other global leaders experienced more modest paces of growth.

Hot-Rolled Steel Products Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per ton
China634678n/a-100.0%
Egypt606567486-10.4%
Taiwan (Chinese)579521550-2.5%
South Korea668589629-3.0%
Russia55844282321.4%
Ukraine53747082924.2%
France65459485214.1%
Japan59254885520.2%
India55745587125.0%
Netherlands67261593317.8%
Germany76673697312.7%
Belgium917859117313.1%
Mexico677677216278.7%
Average686629657-2.2%

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mexico ($2,162 per ton), while Egypt ($486 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+78.7% per year), while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per ton
France883886119316.2%
Germany894828111411.6%
Mexico839756107012.9%
United States784664100012.9%
Italy69265499920.2%
Poland69363199419.8%
Spain65160185614.7%
Thailand7136697482.4%
China805673736-4.4%
Turkey6245656844.7%
South Korea685667677-0.6%
Vietnam601563582-1.6%
Guyana6866947.2-89.7%
Average710653657-3.8%

Prices varied noticeably by the country of destination; the country with the highest price was France ($1,193 per ton), while Guyana ($7.2 per ton) was amongst the lowest.

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

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Hot-Rolled Steel Products - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
Italy5.23.67.620.5%
Germany53.75.77.3%
Vietnam5.85.25.5-2.6%
Poland2.22434.4%
Mexico2.32.13.929.7%

In value terms, Italy ($7.6B), Germany ($5.7B) and Vietnam ($5.5B) appeared to be the countries with the highest levels of imports in 2021, together comprising 19% of global imports. Poland, Mexico, France, China, the United States, South Korea, Turkey, Spain, Thailand and Guyana lagged somewhat behind, together comprising a further 33%.

In terms of the main importing countries, Guyana (+808.9% 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.

Hot-Rolled Steel Products - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
billion USD
Japan9.48.51421.6%
Mexico0.20.213696.2%
South Korea76.16.6-3.3%
India2.73.3650.2%
Russia2.92.75.941.5%

In value terms, Japan ($13.8B), Mexico ($13.2B) and South Korea ($6.6B) were the countries with the highest levels of exports in 2021, together accounting for 34% of global exports.

Among the main exporting countries, Mexico (+696.2% per year) saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Hot-Rolled Steel Products - Market Forecast

Driven by rising demand for hot-rolled steel products worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, 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.

Hot-Rolled Steel Products - Top Companies

Jiujiang crystal Polytron Technologies Inc, Jiangxi Yuanrong Photo-Electric Technology Co.,Ltd., Guangdong SOFO Electronics Industrial Co., Ltd., Kingstar Medical Products Co., Ltd., Xingtai Roll Small Cold Roller Co., Ltd., Zhongshan Langfeng Tourism Products Co., Ltd., Dongguan Dazhou Iron & Steel Co., Ltd., Guangxi Guanghui Low-temperature Equipment Co.,Ltd., Quannan Jinghuan Science & Technology Co., Ltd., Shijiazhuang Zhengzhong Technology Co., Ltd., SONY CORPORATION, Shanghai Huayuan Aluminum Co., Ltd., Taishan Group Tai'an Taishan Electric Vehicle Wire Co., Ltd., Dalian Sunny Titanium Industry Co., Ltd., Guangdong Guangsheng Zhiwei Rare Earths New Material Co.,Ltd., Dongguan Ti Tong Shigaowei Button Co., Ltd., JOHOKU DENSO K.K., NIPPON STEEL & SUMITOMO METAL CORPORATION, Dongguan Ligangda Industry Co., Ltd., PRIMA TOY AND LEISURE TRADING (PTY) LTD

Hot-rolled Steel Products - Product Coverage

  • HS 720810 - Iron or non-alloy steel; in coils, flat-rolled, of a width 600mm or more, hot-rolled, with patterns in relief
  • HS 720825 - Iron or non-alloy steel; in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, pickled, of a thickness of 4.75mm or more
  • HS 720826 - Iron or non-alloy steel; in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, pickled, of a thickness of 3mm or more but less than 4.75mm
  • HS 720827 - Iron or non-alloy steel; in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, pickled, of a thickness of less than 3mm
  • HS 720836 - Iron or non-alloy steel; in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, of a thickness exceeding 10mm
  • HS 720837 - Iron or non-alloy steel; in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, of a thickness of 4.75mm or more but not exceeding 10mm
  • HS 720838 - Iron or non-alloy steel; in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, of a thickness of 3mm or more but less than 4.75mm
  • HS 720839 - Iron or non-alloy steel; in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, of a thickness of less than 3mm
  • HS 720840 - Iron or non-alloy steel; (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, with patterns in relief
  • HS 720851 - Iron or non-alloy steel; (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness exceeding 10mm
  • HS 720852 - Iron or non-alloy steel; (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness of 4.75mm or more but not exceeding 10mm
  • HS 720853 - Iron or non-alloy steel; (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness of 3mm or more but less than 4.75mm
  • HS 720854 - Iron or non-alloy steel; (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness of less than 3mm
  • HS 721113 - Iron or non-alloy steel; flat-rolled, hot-rolled, rolled on four faces or in a closed box pass, of a width more than 150mm but less than 600mm, 4mm thick or more, not in coils, without patterns in relief
  • HS 721114 - Iron or non-alloy steel; flat-rolled, hot-rolled, of a width less than 600mm, 4.75mm thick or more, excluding those of item no. 7211.13
  • HS 721119 - Iron or non-alloy steel; flat-rolled, hot-rolled, width less than 600mm, excluding those of item no. 7211.11 and 7211.12
  • HS 721911 - Steel, stainless; flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness exceeding 10mm
  • HS 721912 - Steel, stainless; flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness of 4.75mm or more but not exceeding 10mm
  • HS 721913 - Steel, stainless; flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness of 3mm or more but less than 4.75mm
  • HS 721914 - Steel, stainless; flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness of less than 3mm
  • HS 721921 - Steel, stainless; flat-rolled, width 600mm or more, hot-rolled, (not in coils), of a thickness exceeding 10mm
  • HS 721922 - Steel, stainless; flat-rolled, width 600mm or more, hot-rolled, (not in coils), of a thickness of 4.75mm or more but not exceeding 10mm
  • HS 721923 - Steel, stainless; flat-rolled, width 600mm or more, hot-rolled, (not in coils), of a thickness of 3mm or more but less than 4.75mm
  • HS 721924 - Steel, stainless; flat-rolled, width 600mm or more, hot-rolled, (not in coils), of a thickness of less than 3mm
  • HS 722011 - Steel, stainless; flat-rolled, width less than 600mm, hot-rolled, of a thickness of 4.75mm or more
  • HS 722012 - Steel, stainless; flat-rolled, width less than 600mm, hot-rolled, of a thickness of less than 4.75mm
  • HS 722530 - Steel, alloy; flat-rolled, width 600mm or more, hot-rolled, in coils
  • HS 722540 - Steel, alloy; flat-rolled, width 600mm or more, hot-rolled, not in coils
  • HS 722691 - Steel, alloy; flat-rolled, width less than 600mm, n.e.s. in heading no. 7226, hot-rolled

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global hot-rolled steel products market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24103110 - Flat-rolled products of iron or non-alloy steel, of a width . .600 mm, simply hot-rolled, not clad, plated or coated, in coils
  • Prodcom 24103130 - Flat-rolled products of iron or non-alloy steel, of a width . .600 mm, not in coils, simply hot-rolled, not clad, plated or coated, w ith patterns in relief directly due to the rolling process and products of a thickness < 4,75 mm, without patterns in relief
  • Prodcom 24103150 - Flat-rolled products, of iron or non-alloy steel, of a width . .600 mm (excluding
  • Prodcom 24103210 - Flat-rolled products of iron or non-alloy steel, simply hot-rolled on four faces or in a closed box pass, not clad, plated or coated, of a width of > .150 mm but < .600 mm and a thickness of . 4 mm, not in coils, without patterns in relief, commonly
  • Prodcom 24103230 - Flat-rolled products of iron or non-alloy steel, of a width < .600 mm, simply hot-rolled, not clad, plated or coated (excluding
  • Prodcom 24103330 - Plates and sheets produced by cutting from hot-rolled wide strip of a width of .600 mm or more, of stainless steel
  • Prodcom 24103340 - Plates and sheets produced on a reversing mill (quarto) of a width of .600 mm or more and wide flats, of stainless steel
  • Prodcom 241033Z0 - Hot-rolled flat products in coil of a width . .600 mm, of stainless steel
  • Prodcom 241034Z0 - Hot-rolled flat products in coil of a width < .600 mm, of stainless steel
  • Prodcom 24103510 - Flat-rolled products, of tool steel or alloy steel other than stainless steel, of a width . .600 mm, not further worked than hot-rolled, in coils (excluding products of high-speed or siliconelectrical steel)
  • Prodcom 24103520 - Flat-rolled products of high-speed steel, of a width . .600 mm, h ot-rolled or cold-rolled
  • Prodcom 24103530 - Flat-rolled products, of tool steel or alloy steel other than stainless steel, of a width . .600 mm, not further worked than hot-rolled, not in coils (excluding organic coated products, p roducts of a thickness < 4,75 mm and products of high-
  • Prodcom 24103540 - Flat-rolled products of alloy steel other than stainless, of a width . .600 mm, not further worked than hot-rolled, not in coils, of a thickness of < 4,75 mm (excluding products of tool steel, high-speed steel or silicon-electrical steel)
  • Prodcom 24103600 - Flat-rolled products of alloy steel other than stainless, of a width of < .600 mm, not further worked than hot-rolled (excluding products of high-speed steel or silicon-electrical steel)

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023
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Free Data: Flat-Rolled Products Of Iron Or Steel (Not Further Worked Than Hot-Rolled) - World
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Flat-Rolled Products Of Iron Or Steel (Not Further Worked Than Hot-Rolled) - World - Table
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Flat-Rolled Products Of Iron Or Steel (Not Further Worked Than Hot-Rolled) - World - Dashboard
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Flat-Rolled Products Of Iron Or Steel (Not Further Worked Than Hot-Rolled) - World - Report