Low carbon rectangular steel bloom trade by country: top importers, exporters and prices
World trade in low carbon rectangular steel bloom was worth $14.22 billion in 2024, about 24.96 million tonnes. That is an increase of 12% since 2017, and down 4% 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 | $14.22B | 24.96M t |
| 2023 | $14.77B | 24.41M t |
| 2022 | $16.80B | 23.18M t |
| 2021 | $22.52B | 32.33M t |
| 2020 | $11.15B | 26.51M t |
| 2019 | $12.52B | 26.82M t |
| 2018 | $15.16B | 28.36M t |
| 2017 | $12.71B | 28.58M t |
Top low carbon rectangular steel bloom exporting countries
Exports are led by Russia (25%), Brazil (24%) and Japan (7%). 69 countries reported exports, and the top three account for 56%.
| Exporter | Value | Share |
|---|---|---|
| Russia | $3.59B | 25% |
| Brazil | $3.43B | 24% |
| Japan | $943.6M | 6.6% |
| Malaysia | $938.4M | 6.6% |
| Indonesia | $764.1M | 5.4% |
| Oman | $611.8M | 4.3% |
| Germany | $605.6M | 4.3% |
| Vietnam | $527.6M | 3.7% |
| China | $489.7M | 3.4% |
| Mexico | $290.2M | 2% |
| South Korea | $278.7M | 2% |
| India | $227.4M | 1.6% |
Top importing countries and buyer markets
The United States is the biggest buyer with 25% of world imports, ahead of Turkey and Italy. Demand is spread widely: the top three take 48% across 107 importing countries.
| Importer | Value | Share |
|---|---|---|
| United States | $3.61B | 25% |
| Turkey | $2.08B | 15% |
| Italy | $1.08B | 7.6% |
| Belgium | $837.7M | 5.9% |
| Thailand | $742.4M | 5.2% |
| Indonesia | $578.1M | 4.1% |
| Mexico | $539.7M | 3.8% |
| Brazil | $523.0M | 3.7% |
| France | $510.9M | 3.6% |
| South Korea | $480.8M | 3.4% |
| Taiwan | $467.9M | 3.3% |
| United Kingdom | $417.1M | 2.9% |
Average price per kg
The world average declared value was about $0.57 per kg in 2024. Among the main exporters, Germany averaged $0.71 per kg and Oman $0.51 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.
Related product types
Who is behind these numbers in this market?
The shipment records behind Low carbon rectangular steel bloom (HS 7207.12) importers and exporters, worldwide: companies, dates, quantities and declared values.
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 7207.12: 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 7207 codes.
Common questions
Which countries export the most low carbon rectangular steel bloom?
Russia exported $3.59 billion in 2024, 25% of the world total, followed by Brazil (24%) and Japan (7%). In all, 69 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most low carbon rectangular steel bloom?
The United States imported $3.61 billion in 2024, 25% of world imports, ahead of Turkey (15%) and Italy (8%). The top three importers together take 48%. Each country with its own page is linked from the table.
How big is the world trade in low carbon rectangular steel bloom?
It was worth $14.22 billion in 2024, about 24.96 million tonnes. That is an increase of 12% since 2017. The peak year was 2021 at $22.52 billion. 69 countries reported exports and 107 reported imports.
What is the average price of low carbon rectangular steel bloom per kg?
The world average declared value was about $0.57 per kg in 2024. Among the main exporters, Germany averaged $0.71 per kg and Oman $0.51 per kg, so grade and origin matter. The average mixes every grade and size, so use it as a market reference rather than an offer.
What is the HS code for low carbon rectangular steel bloom?
The HS code for low carbon rectangular steel bloom is subheading 7207.12, in chapter 72 (iron and steel). The first six digits are the same in every country; national tariffs add more. The full list of codes is on the HS 7207 page.
How can I find low carbon rectangular steel bloom buyers and suppliers?
Company names sit below these country totals: EximDataX reads the customs records shipment by shipment, with dates and values. We can show low carbon rectangular steel bloom buyers and suppliers on a short call.
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