Market movement
In 2024, iron or non-alloy steel: flat-rolled, cold-rolled, of a width less than 600mm, containing by weight less than 0.25% of carbon trade exhibited significant decline, with global flows reaching $1,193,485,670 and a three-year compound annual growth rate of -8.2% (five-year: +1.6%). The all-time peak of $1,978,835,330 was recorded in 2007; the current level is 40% below that high-water mark.
Over the 30-year observation window (1995–2024), 52% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-7.4% acceleration).
The World Trade Flows Characterization classifies iron or non-alloy steel: flat-rolled, cold-rolled, of a width less than 600mm, containing by weight less than 0.25% of carbon as "One-way trade" in the low price range price segment, providing additional context for market positioning and competitive dynamics.
