Hot-rolled steel coils trade by country: top importers, exporters and prices
World trade in hot-rolled steel coils was worth $68.76 billion in 2024, about 99.86 million tonnes. That is an increase of 36% since 2017, and down 6% 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 | $68.76B | 99.86M t |
| 2023 | $73.27B | 94.48M t |
| 2022 | $79.60B | 84.07M t |
| 2021 | $76.22B | 87.21M t |
| 2020 | $44.32B | 82.62M t |
| 2019 | $51.82B | 86.18M t |
| 2018 | $57.22B | 85.93M t |
| 2017 | $50.58B | 87.81M t |
Top hot-rolled steel coils exporting countries
Exports are led by China (28%), Japan (14%) and South Korea (9%). 149 countries reported exports, and the top three account for 51%.
| Exporter | Value | Share |
|---|---|---|
| China | $19.38B | 28% |
| Japan | $9.46B | 14% |
| South Korea | $6.20B | 9% |
| Germany | $3.14B | 4.6% |
| Belgium | $2.43B | 3.5% |
| Taiwan | $1.95B | 2.8% |
| Turkey | $1.90B | 2.8% |
| France | $1.87B | 2.7% |
| United States | $1.84B | 2.7% |
| India | $1.73B | 2.5% |
| Netherlands | $1.70B | 2.5% |
| Italy | $1.56B | 2.3% |
Top importing countries and buyer markets
Vietnam is the biggest buyer with 9% of world imports, ahead of Italy and South Korea. Demand is spread widely: the top three take 20% across 214 importing countries.
| Importer | Value | Share |
|---|---|---|
| Vietnam | $6.44B | 9.4% |
| Italy | $4.02B | 5.8% |
| South Korea | $3.11B | 4.5% |
| India | $2.82B | 4.1% |
| Germany | $2.76B | 4% |
| Turkey | $2.70B | 3.9% |
| Spain | $2.46B | 3.6% |
| United Arab Emirates | $2.44B | 3.6% |
| Mexico | $2.40B | 3.5% |
| United States | $2.38B | 3.5% |
| Poland | $2.06B | 3% |
| Saudi Arabia | $1.91B | 2.8% |
Average price per kg
The world average declared value was about $0.69 per kg in 2024. Among the main exporters, Germany averaged $0.90 per kg and China $0.59 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 7208: Iron or non-alloy steel; flat-rolled products of a width of 600mm or more, hot-rolled, not clad, plated or coated. HS 7208 codes.
Common questions
Which countries export the most hot-rolled steel coils?
China exported $19.38 billion in 2024, 28% of the world total, followed by Japan (14%) and South Korea (9%). In all, 149 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most hot-rolled steel coils?
Vietnam imported $6.44 billion in 2024, 9% of world imports, ahead of Italy (6%) and South Korea (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 hot-rolled steel coils?
It was worth $68.76 billion in 2024, about 99.86 million tonnes. That is an increase of 36% since 2017. The peak year was 2022 at $79.60 billion. 149 countries reported exports and 214 reported imports.
What is the average price of hot-rolled steel coils per kg?
The world average declared value was about $0.69 per kg in 2024. Among the main exporters, Germany averaged $0.90 per kg and China $0.59 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 hot-rolled steel coils?
The HS code for hot-rolled steel coils is heading 7208, 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 7208 page.
How can I find hot-rolled steel coils 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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