Iron or non-alloy steel: flat-rolled, width 600mm or more, plated or coated with lead, including terne-plate

In 2024, iron or non-alloy steel: flat-rolled, width 600mm or more, plated or coated with lead, including terne-plate trade exhibited strong growth, with global flows reaching $119,510,250 and a three-year compound annual growth rate of +60.8% (five-year: +8.7%). The all-time peak of $173,664,427 was recorded in 2013; the current level is 31% below that high-water mark.

Over the 30-year observation window (1995–2024), 55% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is strengthening (+63.7% acceleration).

The World Trade Flows Characterization classifies iron or non-alloy steel: flat-rolled, width 600mm or more, plated or coated with lead, including terne-plate as "One-way trade" in the unclassified price segment, providing additional context for market positioning and competitive dynamics.

The supply side is concentrated (Herfindahl-Hirschman Index 0.277). The three largest exporters — Japan ($100.5M), South Korea ($30.4M), and China ($8.6M) — collectively dominate supply flows. The leading exporter has grown at +227.6% over the last three years.

On the demand side, importer concentration is concentrated (HHI 0.488). The three largest import markets are Philippines ($81.9M), Spain ($15.1M), and Mexico ($3.5M). The largest importing market sources from 4 different supplying countries.

Estimated substitution elasticity: -7.44. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Japan → Philippines at $55.2M, representing 67.4% of the importer's total demand.

The volatility score for iron or non-alloy steel: flat-rolled, width 600mm or more, plated or coated with lead, including terne-plate is 15 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, strong demand tailwinds create a favourable entry environment. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.