Slabs Market

Slabs market: get access to the latest statistics powered by an Ai-driven market intelligence tool. Statistics cover market size, market prices, imports, consumption, production, trade, companies, and exports. There is a split by country, including Africa, the Middle East, the U.S., EU, Russia, the U.K., Latin America, and China. Market dynamics and outlook to 2030 are also provided in the reports.


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Slabs - World's Largest Markets

RatingCountry
1China
2United States
3Russia
4India
5South Korea

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

From 2018 to 2020, the average annual rate of growth in terms of value in China amounted to +2.9%. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-4.5% per year) and Russia (-5.5% per year).

Slabs, Billets And Blooms Of Iron And Steel Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Ukraine493454372-13.1%
Russia511422383-13.4%
Japan483449399-9.1%
Brazil551492418-12.9%
Oman557415419-13.3%
Vietnam556456423-12.8%
South Korea540504434-10.4%
Mexico581564452-11.8%
Germany616603542-6.2%
United Kingdom54652372215.0%
Average545486442-9.9%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was the UK ($722 per ton), while Ukraine ($372 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
France6466376500.3%
United States626568494-11.2%
Czech Republic614536493-10.4%
Italy566495470-8.9%
Poland563526453-10.3%
South Korea581512452-11.8%
Turkey569486434-12.7%
Canada619599433-16.4%
Philippines450443431-2.1%
Indonesia527451427-10.0%
Thailand530481425-10.5%
Belgium552484425-12.3%
China16551319404-50.6%
Average596536470-11.2%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was France ($650 per ton), while China ($404 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced a decline in the import price figures.

Slabs, Billets and Blooms of Iron and Steel - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
China0.20.23308.1%
United States4.642.3-28.5%
Italy1.821.3-15.1%
Turkey1.30.61.2-2.9%
Indonesia0.71.3114.0%

In value terms, China ($3B), the United States ($2.3B) and Italy ($1.3B) were the countries with the highest levels of imports in 2020, with a combined 42% share of global imports.

China (+308.1% per year) saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Slabs, Billets and Blooms of Iron and Steel - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Brazil53.93.1-20.9%
Russia6.24.62.9-31.4%
Ukraine22.11.8-3.7%
Japan1.71.41.3-12.1%
Vietnam0.30.30.978.9%

In value terms, Brazil ($3.1B), Russia ($2.9B) and Ukraine ($1.8B) constituted the countries with the highest levels of exports in 2020, with a combined 52% share of global exports. These countries were followed by Japan, Vietnam, Mexico, Germany, the UK, Oman and South Korea, which together accounted for a further 30%.

Oman (+1,122.4% per year) saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced mixed trends in the exports figures.

Slabs, Billets and Blooms of Iron and Steel - Market Forecast

Driven by increasing demand for slabs, billets and blooms of iron and steel worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, expanding 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.

Slabs - Product Coverage

  • HS 720712 - Iron or non-alloy steel; semi-finished products of iron or non-alloy steel; containing by weight less than 0.25% of carbon, of rectangular (other than square) cross-section
  • HS 720720 - Iron or non-alloy steel; semi-finished products of iron or non-alloy steel, containing by weight 0.25% or more of carbon
  • HS 721891 - Steel, stainless; semi-finished products, of rectangular (other than square) cross-section
  • HS 722490 - Steel, alloy; semi-finished products
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