Iron or non-alloy steel: flat-rolled, hot-rolled, of a width less than 600mm, less than 4.75mm thick, excluding those of item no. 7211.13

In 2024, iron or non-alloy steel: flat-rolled, hot-rolled, of a width less than 600mm, less than 4.75mm thick, excluding those of item no. 7211.13 trade exhibited significant decline, with global flows reaching $1,613,401,791 and a three-year compound annual growth rate of -7.3% (five-year: +5.0%). The all-time peak of $2,101,380,144 was recorded in 2022; the current level is 23% below that high-water mark.

Over the 30-year observation window (1995–2024), 62% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-9.0% acceleration).

The World Trade Flows Characterization classifies iron or non-alloy steel: flat-rolled, hot-rolled, of a width less than 600mm, less than 4.75mm thick, excluding those of item no. 7211.13 as "One-way trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.085). The three largest exporters — Germany ($339.3M), China ($157.0M), and Italy ($145.6M) — collectively dominate supply flows. The leading exporter has grown at -2.3% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.056). The three largest import markets are Germany ($176.4M), Czechia ($159.4M), and United States ($131.9M). The largest importing market sources from 36 different supplying countries.

The dominant trade corridor is United States → Canada at $102.2M, representing 97.8% of the importer's total demand.

The volatility score for iron or non-alloy steel: flat-rolled, hot-rolled, of a width less than 600mm, less than 4.75mm thick, excluding those of item no. 7211.13 is 11 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, contracting demand signals caution before committing resources. The diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

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