Raw Steel and Steel Semi-finished Products Market

Raw steel and steel semi-finished products market: find the latest statistics provided by an Ai-driven BI tool. Statistics contain consumption, production, imports, exports, market prices, companies, market size, and trade. There is a split by country, including the Middle East, EU, the U.S., China, the U.K., Africa, Russia, and Latin America. Market dynamics and forecast to 2030 are also featured in the dashboards.

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

Raw Steel and Steel Semi-finished Products - World's Largest Markets

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

In China, the market of raw steel and steel semi-finished products increased at an average annual rate of +8.7% over the period from 2018-2020. In the other countries, the average annual rates were as follows: the United States (-22.3% per year) and India (-11.2% per year).

Raw Steel And Steel Semi-Finished Products Prices

Raw Steel and Steel Semi-Finished Products - Top Importers

In value terms, China ($8.4B) constitutes the largest market for imported raw steel and steel semi-finished products worldwide, comprising 26% of global imports. The second position in the ranking was occupied by Taiwan (Chinese) ($1.5B), with a 4.7% share of global imports.

In China, imports of raw steel and steel semi-finished products increased at an average annual rate of +363.4% over the period from 2018-2020.

Raw Steel and Steel Semi-Finished Products - Top Exporters

In value terms, the largest raw steel and steel semi-finished products supplying countries worldwide were Russia ($5B), Brazil ($3.2B) and Ukraine ($2.8B), together comprising 38% of global exports. These countries were followed by India, Indonesia, Vietnam, Japan, Oman, Germany, Iran, Malaysia, France and Mexico, which together accounted for a further 43%.

Malaysia (+107.1% per year) recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Raw Steel and Steel Semi-Finished Products - Market Forecast

Driven by rising demand for raw steel and steel semi-finished 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 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Raw Steel and Steel Semi-Finished 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.

Raw Steel and Steel Semi-finished Products - Product Coverage

• HS 7206 - Iron and non-alloy steel in ingots or other primary forms (excluding iron of heading no. 7203)
• HS 7207 - Iron or non-alloy steel; semi-finished products thereof
• HS 7218 - Stainless steel in ingots or other primary forms; semi-finished products of stainless steel
• HS 7224 - Alloy steel in ingots or other primary forms, semi-finished products of other alloy steel