Steel semi-finished products trade by country: top importers, exporters and prices
World trade in steel semi-finished products was worth $29.75 billion in 2024, about 49.97 million tonnes. That is an increase of 14% 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 | $29.75B | 49.97M t |
| 2023 | $30.97B | 50.33M t |
| 2022 | $36.93B | 50.68M t |
| 2021 | $48.73B | 72.82M t |
| 2020 | $28.47B | 64.87M t |
| 2019 | $28.31B | 60.90M t |
| 2018 | $32.31B | 58.48M t |
| 2017 | $26.13B | 56.99M t |
Top steel semi-finished products exporting countries
Russia is the largest exporter with 19% of world exports, followed by Brazil and China. The top three supply 43% between them, out of 117 exporting countries.
| Exporter | Value | Share |
|---|---|---|
| Russia | $5.79B | 19% |
| Brazil | $3.81B | 13% |
| China | $3.15B | 11% |
| Indonesia | $2.31B | 7.8% |
| Oman | $1.93B | 6.5% |
| Japan | $1.60B | 5.4% |
| Malaysia | $1.56B | 5.2% |
| Germany | $1.12B | 3.8% |
| Ukraine | $1.03B | 3.5% |
| Vietnam | $1.00B | 3.4% |
| India | $692.7M | 2.3% |
| Kazakhstan | $516.3M | 1.7% |
Top importing countries and buyer markets
Turkey is the biggest buyer with 13% of world imports, ahead of the United States and Indonesia. Demand is spread widely: the top three take 33% across 187 importing countries.
| Importer | Value | Share |
|---|---|---|
| Turkey | $3.99B | 13% |
| United States | $3.97B | 13% |
| Indonesia | $1.85B | 6.2% |
| Taiwan | $1.66B | 5.6% |
| Italy | $1.55B | 5.2% |
| Egypt | $1.29B | 4.3% |
| Thailand | $1.05B | 3.5% |
| Philippines | $1.00B | 3.4% |
| Saudi Arabia | $915.1M | 3.1% |
| Belgium | $874.9M | 2.9% |
| France | $790.2M | 2.7% |
| South Korea | $692.4M | 2.3% |
Average price per kg
The world average declared value was about $0.60 per kg in 2024. Among the main exporters, Germany averaged $0.74 per kg and Malaysia $0.53 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 7207: Iron or non-alloy steel; semi-finished products thereof. HS 7207 codes.
Common questions
Which countries export the most steel semi-finished products?
Russia exported $5.79 billion in 2024, 19% of the world total, followed by Brazil (13%) and China (11%). In all, 117 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most steel semi-finished products?
Turkey imported $3.99 billion in 2024, 13% of world imports, ahead of the United States (13%) and Indonesia (6%). The top three importers together take 33%. Each country with its own page is linked from the table.
How big is the world trade in steel semi-finished products?
It was worth $29.75 billion in 2024, about 49.97 million tonnes. That is an increase of 14% since 2017. The peak year was 2021 at $48.73 billion. 117 countries reported exports and 187 reported imports.
What is the average price of steel semi-finished products per kg?
The world average declared value was about $0.60 per kg in 2024. Among the main exporters, Germany averaged $0.74 per kg and Malaysia $0.53 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 steel semi-finished products?
The HS code for steel semi-finished products is heading 7207, 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 7207 page.
How can I find steel semi-finished products 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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