Forged and hot-rolled steel bars trade by country: top importers, exporters and prices
World trade in forged and hot-rolled steel bars was worth $18.86 billion in 2024, about 28.23 million tonnes. That is an increase of 28% since 2017, and down 15% 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 | $18.86B | 28.23M t |
| 2023 | $22.06B | 30.49M t |
| 2022 | $26.63B | 31.49M t |
| 2021 | $25.74B | 33.60M t |
| 2020 | $15.75B | 30.16M t |
| 2019 | $17.66B | 31.22M t |
| 2018 | $19.17B | 31.00M t |
| 2017 | $14.77B | 28.92M t |
Top forged and hot-rolled steel bars exporting countries
Turkey is the largest exporter with 12% of world exports, followed by China and Malaysia. The top three supply 33% between them, out of 149 exporting countries.
| Exporter | Value | Share |
|---|---|---|
| Turkey | $2.23B | 12% |
| China | $2.07B | 11% |
| Malaysia | $1.90B | 10% |
| Italy | $1.18B | 6.2% |
| Germany | $829.7M | 4.4% |
| Russia | $784.4M | 4.2% |
| Spain | $645.8M | 3.4% |
| Egypt | $627.1M | 3.3% |
| France | $523.2M | 2.8% |
| Poland | $420.0M | 2.2% |
| Portugal | $408.4M | 2.2% |
| United States | $364.8M | 1.9% |
Top importing countries and buyer markets
Hong Kong is the biggest buyer with 9% of world imports, ahead of Singapore and the United States. Demand is spread widely: the top three take 20% across 221 importing countries.
| Importer | Value | Share |
|---|---|---|
| Hong Kong | $1.73B | 9.2% |
| Singapore | $1.08B | 5.7% |
| United States | $916.4M | 4.9% |
| Germany | $817.6M | 4.3% |
| Canada | $460.7M | 2.4% |
| Poland | $448.7M | 2.4% |
| Israel | $436.5M | 2.3% |
| France | $427.7M | 2.3% |
| Romania | $408.6M | 2.2% |
| Yemen | $392.2M | 2.1% |
| United Kingdom | $354.3M | 1.9% |
| Kazakhstan | $340.7M | 1.8% |
Average price per kg
The world average declared value was about $0.67 per kg in 2024. Among the main exporters, Germany averaged $0.80 per kg and China $0.58 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
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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 7214: Iron or non-alloy steel; bars and rods, not further worked than forged, hot-rolled, hot drawn or hot-extruded, but including those twisted after rolling. HS 7214 codes.
Common questions
Which countries export the most forged and hot-rolled steel bars?
Turkey exported $2.23 billion in 2024, 12% of the world total, followed by China (11%) and Malaysia (10%). In all, 149 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most forged and hot-rolled steel bars?
Hong Kong imported $1.73 billion in 2024, 9% of world imports, ahead of Singapore (6%) and the United States (5%). The top three importers together take 20%. Each country with its own page is linked from the table.
How big is the world trade in forged and hot-rolled steel bars?
It was worth $18.86 billion in 2024, about 28.23 million tonnes. That is an increase of 28% since 2017. The peak year was 2022 at $26.63 billion. 149 countries reported exports and 221 reported imports.
What is the average price of forged and hot-rolled steel bars per kg?
The world average declared value was about $0.67 per kg in 2024. Among the main exporters, Germany averaged $0.80 per kg and China $0.58 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 forged and hot-rolled steel bars?
The HS code for forged and hot-rolled steel bars is heading 7214, 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 7214 page.
How can I find forged and hot-rolled steel bars 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.
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