Alloy steel ingots trade by country: top importers, exporters and prices
World trade in alloy steel ingots was worth $4.42 billion in 2024, about 4.37 million tonnes. That is an increase of 18% since 2017, and down 14% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $4.42B | 4.37M t |
| 2023 | $5.17B | 4.84M t |
| 2022 | $5.25B | 4.54M t |
| 2021 | $5.45B | 5.69M t |
| 2020 | $2.94B | 4.29M t |
| 2019 | $4.02B | 5.46M t |
| 2018 | $4.47B | 5.42M t |
| 2017 | $3.75B | 5.33M t |
Top alloy steel ingots exporting countries
Exports are led by Brazil (17%), Mexico (11%) and Italy (8%). 86 countries reported exports, and the top three account for 37%.
| Exporter | Value | Share |
|---|---|---|
| Brazil | $770.7M | 17% |
| Mexico | $499.3M | 11% |
| Italy | $353.4M | 8% |
| Germany | $328.3M | 7.4% |
| China | $271.3M | 6.1% |
| Romania | $252.1M | 5.7% |
| Argentina | $201.9M | 4.6% |
| Austria | $178.5M | 4% |
| Russia | $159.2M | 3.6% |
| India | $144.7M | 3.3% |
| Vietnam | $132.7M | 3% |
| France | $114.7M | 2.6% |
Top importing countries and buyer markets
The United States is the biggest buyer with 38% of world imports, ahead of Italy and Germany. Demand is concentrated: the top three take 51% across 158 importing countries.
| Importer | Value | Share |
|---|---|---|
| United States | $1.68B | 38% |
| Italy | $286.0M | 6.5% |
| Germany | $274.3M | 6.2% |
| United Kingdom | $245.8M | 5.6% |
| Canada | $245.8M | 5.6% |
| France | $217.9M | 4.9% |
| Taiwan | $159.7M | 3.6% |
| China | $158.1M | 3.6% |
| Belgium | $105.7M | 2.4% |
| Japan | $93.7M | 2.1% |
| Sweden | $89.6M | 2% |
| Netherlands | $77.5M | 1.8% |
Average price per kg
The world average declared value was about $1.01 per kg in 2024. Among the main exporters, Austria averaged $2.70 per kg and Argentina $0.70 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 7224: Alloy steel in ingots or other primary forms, semi-finished products of other alloy steel. HS 7224 codes.
Common questions
Which countries export the most alloy steel ingots?
Brazil exported $770.7 million in 2024, 17% of the world total, followed by Mexico (11%) and Italy (8%). In all, 86 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most alloy steel ingots?
The United States imported $1.68 billion in 2024, 38% of world imports, ahead of Italy (6%) and Germany (6%). The top three importers together take 51%. Each country with its own page is linked from the table.
How big is the world trade in alloy steel ingots?
It was worth $4.42 billion in 2024, about 4.37 million tonnes. That is an increase of 18% since 2017. The peak year was 2021 at $5.45 billion. 86 countries reported exports and 158 reported imports.
What is the average price of alloy steel ingots per kg?
The world average declared value was about $1.01 per kg in 2024. Among the main exporters, Austria averaged $2.70 per kg and Argentina $0.70 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for alloy steel ingots?
The HS code for alloy steel ingots is heading 7224, in chapter 72 (iron and steel). Customs uses this code worldwide at the six-digit level; national tariffs add more digits. The full list of codes is on the HS 7224 page.
How can I find alloy steel ingots buyers and suppliers?
Public statistics stop at country totals. EximDataX shows the importers and exporters behind this trade from shipment-level customs records, updated weekly, with direct customs feeds and mirror data. Tell us your product and we will show you the latest records on a live call.
See what your buyers are buying.Then decide.
Everything we show you comes from official customs filings — records, not claims. 30 minutes. Your shipment. Your HS code. Real platform. If you don’t see something new about your market by the end of the call, we walk away. No follow-ups.