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.


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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.

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
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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
$499

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

Eastern Asia - Flat-Rolled Products of Iron or Steel (Not Further Worked Than Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Latin America and the Caribbean - Flat-Rolled Products of Iron or Steel (Not Further Worked Than Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Africa - Flat-Rolled Products of Iron or Steel (Not Further Worked Than Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Central Asia - Flat-Rolled Products of Iron or Steel (Not Further Worked Than Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Southern Asia - Flat-Rolled Products of Iron or Steel (Not Further Worked Than Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Northern America - Flat-Rolled Products of Iron or Steel (Not Further Worked Than Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Australia and Oceania - Flat-Rolled Products of Iron or Steel (Not Further Worked Than Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499

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

Middle East - Flat-Rolled Products of Iron or Steel (Not Further Worked Than Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499

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

South-Eastern Asia - Flat-Rolled Products of Iron or Steel (Not Further Worked Than Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
$499

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

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