Product intelligence · HS 722011 · 2024 data

Steel, stainless: flat-rolled, width less than 600mm, hot-rolled, of a thickness of 4.75mm or more

Global exports of steel, stainless: flat-rolled, width less than 600mm, hot-rolled, of a thickness of 4.75mm or more totalled $202,969,537 in 2024, a -17.9% change from the previous year. Traded by 80 countries across 1,373 bilateral corridors, with demand from 161 importing markets. The long-term trend is stable.

Data: OECD BIMTS · Coverage: 19952024 · Updated: 2026-07-17

Global trade

$203.0M

-17.9% YoY

3Y / 5Y CAGR

+0.6%

5Y: +3.1%

Supply structure

Diversified

HHI 0.063

Volatility

Low

Score 13/100

1.

Market movement

In 2024, steel, stainless: flat-rolled, width less than 600mm, hot-rolled, of a thickness of 4.75mm or more trade exhibited significant decline, with global flows reaching $202,969,537 and a three-year compound annual growth rate of +0.6% (five-year: +3.1%). The all-time peak of $338,315,990 was recorded in 2008; the current level is 40% below that high-water mark.

Over the 30-year observation window (19952024), 48% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is steady (+2.0% acceleration).

The World Trade Flows Characterization classifies steel, stainless: flat-rolled, width less than 600mm, hot-rolled, of a thickness of 4.75mm or more as "One-way trade" in the high price range price segment, providing additional context for market positioning and competitive dynamics.

2.

Supply & demand structure

The supply side is diversified (Herfindahl-Hirschman Index 0.063). The three largest exporters — China ($22.9M), United States ($20.9M), and Germany ($16.5M) — collectively dominate supply flows. The leading exporter has grown at +9.4% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.044). The three largest import markets are Germany ($24.8M), Italy ($16.1M), and United States ($15.6M). The largest importing market sources from 28 different supplying countries.

The dominant trade corridor is Luxembourg → Italy at $8.7M, representing 54.3% of the importer's total demand.

3.

Risk profile & trade outlook

The volatility score for steel, stainless: flat-rolled, width less than 600mm, hot-rolled, of a thickness of 4.75mm or more is 13 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.

Historical evidence

Annual trade value 19952024

Peak: $338,315,990 in 2008. Currently 40% below peak.

YearGlobal trade (USD)YoY growth
2015$193,511,630-17.1%
2016$158,879,466-17.9%
2017$204,578,424+28.8%
2018$200,958,856-1.8%
2019$174,492,436-13.2%
2020$132,541,641-24.0%
2021$199,444,525+50.5%
2022$282,764,221+41.8%
2023$247,126,082-12.6%
2024$202,969,537-17.9%

Top exporting countries

Ranked by export value of steel, stainless: flat-rolled, width less than 600mm, hot-rolled, of a thickness of 4.75mm or more in 2024.

View all 80 exporters →

Top importing markets

Largest import destinations for steel, stainless: flat-rolled, width less than 600mm, hot-rolled, of a thickness of 4.75mm or more.

View all 161 markets →

Leading trade corridors

Largest bilateral export flows for steel, stainless: flat-rolled, width less than 600mm, hot-rolled, of a thickness of 4.75mm or more, ranked by value. Click any country to view its full profile.

#ExporterImporterValue 20243Y CAGR
1LuxembourgItaly$8.7M+6.5%
2TaiwanUnited States$8.2M-0.3%
3AustriaGermany$5.3M+7.6%
4LuxembourgGermany$4.6M+34.2%
5ChinaUnited States$3.1M+136.2%
6IndiaGermany$2.6M-15.5%
7IndiaItaly$2.1M+6.0%
8CzechiaGermany$1.9M+4.5%

Showing top 8 of 10 corridors with available data for 2024.

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Sources, definitions & methodology

Data source

OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 19952024.

Key indicators

HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.

How this page is made

All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.