Iron or non-alloy steel: bars and rods, hot-rolled, in irregularly wound coils, n.e.c. in heading no. 7213, of circular cross-section measuring 14mm or more in diameter

In 2024, iron or non-alloy steel: bars and rods, hot-rolled, in irregularly wound coils, n.e.c. in heading no. 7213, of circular cross-section measuring 14mm or more in diameter trade exhibited significant decline, with global flows reaching $762,397,068 and a three-year compound annual growth rate of -10.2% (five-year: -0.5%). The all-time peak of $1,446,790,754 was recorded in 2008; the current level is 47% below that high-water mark.

Over the 30-year observation window (1995–2024), 48% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is decelerating (-6.1% acceleration).

The World Trade Flows Characterization classifies iron or non-alloy steel: bars and rods, hot-rolled, in irregularly wound coils, n.e.c. in heading no. 7213, of circular cross-section measuring 14mm or more in diameter as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

The supply side is diversified (Herfindahl-Hirschman Index 0.100). The three largest exporters — Japan ($156.2M), China ($134.2M), and Malaysia ($83.3M) — collectively dominate supply flows. The leading exporter has grown at -1.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.055). The three largest import markets are Thailand ($85.0M), South Korea ($83.5M), and United States ($79.7M). The largest importing market sources from 12 different supplying countries.

Estimated substitution elasticity: -4.80. Buyers have moderate flexibility to shift sourcing, but face some switching costs.

The dominant trade corridor is Malaysia → China at $64.6M, representing 62.9% of the importer's total demand.

The volatility score for iron or non-alloy steel: bars and rods, hot-rolled, in irregularly wound coils, n.e.c. in heading no. 7213, of circular cross-section measuring 14mm or more in diameter is 16 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.