Medium hot-rolled steel coil trade by country: top importers, exporters and prices
World trade in medium hot-rolled steel coil was worth $9.50 billion in 2024, about 15.77 million tonnes. That is an increase of 39% since 2017, and up 1% 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 | $9.50B | 15.77M t |
| 2023 | $9.42B | 13.93M t |
| 2022 | $9.93B | 11.63M t |
| 2021 | $11.46B | 13.92M t |
| 2020 | $5.18B | 10.61M t |
| 2019 | $6.64B | 12.50M t |
| 2018 | $7.82B | 12.89M t |
| 2017 | $6.85B | 13.05M t |
Top medium hot-rolled steel coil exporting countries
Exports are led by China (38%), Japan (14%) and South Korea (8%). 67 countries reported exports, and the top three account for 60%.
| Exporter | Value | Share |
|---|---|---|
| China | $3.58B | 38% |
| Japan | $1.29B | 14% |
| South Korea | $792.2M | 8.3% |
| Germany | $333.8M | 3.5% |
| India | $332.0M | 3.5% |
| France | $318.3M | 3.4% |
| Vietnam | $315.9M | 3.3% |
| Taiwan | $311.9M | 3.3% |
| Turkey | $248.4M | 2.6% |
| Ukraine | $245.1M | 2.6% |
| Canada | $219.3M | 2.3% |
| Slovakia | $191.5M | 2% |
Top importing countries and buyer markets
The largest importers are Vietnam (21%), Italy (11%) and Turkey (8%). 164 countries imported it, and the top three take 40% of the value.
| Importer | Value | Share |
|---|---|---|
| Vietnam | $1.95B | 21% |
| Italy | $1.06B | 11% |
| Turkey | $743.2M | 7.8% |
| India | $514.5M | 5.4% |
| South Korea | $452.6M | 4.8% |
| Spain | $407.1M | 4.3% |
| United States | $342.2M | 3.6% |
| United Arab Emirates | $325.5M | 3.4% |
| Thailand | $318.3M | 3.4% |
| Poland | $308.3M | 3.2% |
| Pakistan | $299.4M | 3.2% |
| Malaysia | $272.2M | 2.9% |
Average price per kg
The world average declared value was about $0.60 per kg in 2024. Among the main exporters, Germany averaged $0.76 per kg and China $0.55 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 Medium hot-rolled steel coil (HS 7208.38) 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 7208.38: Iron or non-alloy steel: in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, of a thickness of 3mm or more but less than 4.75mm. HS 7208 codes.
Common questions
Which countries export the most medium hot-rolled steel coil?
China exported $3.58 billion in 2024, 38% of the world total, followed by Japan (14%) and South Korea (8%). In all, 67 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most medium hot-rolled steel coil?
Vietnam imported $1.95 billion in 2024, 21% of world imports, ahead of Italy (11%) and Turkey (8%). The top three importers together take 40%. Each country with its own page is linked from the table.
How big is the world trade in medium hot-rolled steel coil?
It was worth $9.50 billion in 2024, about 15.77 million tonnes. That is an increase of 39% since 2017. The peak year was 2021 at $11.46 billion. 67 countries reported exports and 164 reported imports.
What is the average price of medium hot-rolled steel coil per kg?
The world average declared value was about $0.60 per kg in 2024. Among the main exporters, Germany averaged $0.76 per kg and China $0.55 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 medium hot-rolled steel coil?
The HS code for medium hot-rolled steel coil is subheading 7208.38, 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 7208 page.
How can I find medium hot-rolled steel coil buyers and suppliers?
The rankings here stop at countries; EximDataX goes down to the companies trading medium hot-rolled steel coil, from direct customs feeds and mirror data. Tell us your markets to see them live.
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