Thick hot-rolled steel coil trade by country: top importers, exporters and prices
World trade in thick hot-rolled steel coil was worth $6.41 billion in 2024, about 9.99 million tonnes. That is an increase of 48% since 2017, and down 7% 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 | $6.41B | 9.99M t |
| 2023 | $6.88B | 9.51M t |
| 2022 | $7.64B | 8.43M t |
| 2021 | $6.89B | 7.82M t |
| 2020 | $3.15B | 6.33M t |
| 2019 | $4.23B | 7.64M t |
| 2018 | $4.98B | 7.79M t |
| 2017 | $4.32B | 7.74M t |
Top thick hot-rolled steel coil exporting countries
Exports are led by China (30%), Japan (9%) and South Korea (8%). 80 countries reported exports, and the top three account for 47%.
| Exporter | Value | Share |
|---|---|---|
| China | $1.95B | 31% |
| Japan | $545.5M | 8.5% |
| South Korea | $507.4M | 7.9% |
| Germany | $348.2M | 5.4% |
| Turkey | $314.8M | 4.9% |
| Vietnam | $288.3M | 4.5% |
| France | $242.0M | 3.8% |
| Canada | $238.9M | 3.7% |
| India | $223.4M | 3.5% |
| Slovakia | $180.7M | 2.8% |
| Taiwan | $180.6M | 2.8% |
| Belgium | $159.5M | 2.5% |
Top importing countries and buyer markets
Italy is the biggest buyer with 12% of world imports, ahead of Vietnam and the United States. Demand is spread widely: the top three take 30% across 168 importing countries.
| Importer | Value | Share |
|---|---|---|
| Italy | $783.9M | 12% |
| Vietnam | $742.7M | 12% |
| United States | $406.7M | 6.4% |
| India | $344.8M | 5.4% |
| United Arab Emirates | $302.8M | 4.7% |
| South Korea | $257.6M | 4% |
| Spain | $247.8M | 3.9% |
| Poland | $232.6M | 3.6% |
| Malaysia | $223.4M | 3.5% |
| United Kingdom | $212.4M | 3.3% |
| Mexico | $190.2M | 3% |
| Egypt | $163.0M | 2.5% |
Average price per kg
The world average declared value was about $0.64 per kg in 2024. Among the main exporters, Canada averaged $0.82 per kg and China $0.56 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 Thick hot-rolled steel coil (HS 7208.37) 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 7208.37: 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 4.75mm or more but not exceeding 10mm. HS 7208 codes.
Common questions
Which countries export the most thick hot-rolled steel coil?
China exported $1.95 billion in 2024, 30% of the world total, followed by Japan (9%) and South Korea (8%). In all, 80 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most thick hot-rolled steel coil?
Italy imported $783.9 million in 2024, 12% of world imports, ahead of Vietnam (12%) and the United States (6%). The top three importers together take 30%. Each country with its own page is linked from the table.
How big is the world trade in thick hot-rolled steel coil?
It was worth $6.41 billion in 2024, about 9.99 million tonnes. That is an increase of 48% since 2017. The peak year was 2022 at $7.64 billion. 80 countries reported exports and 168 reported imports.
What is the average price of thick hot-rolled steel coil per kg?
The world average declared value was about $0.64 per kg in 2024. Among the main exporters, Canada averaged $0.82 per kg and China $0.56 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 thick hot-rolled steel coil?
The HS code for thick hot-rolled steel coil is subheading 7208.37, 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 thick hot-rolled steel coil 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 thick hot-rolled steel coil buyers and suppliers on a short call.
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