Product intelligence · HS 722012 · 2024 data

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

Global exports of steel, stainless: flat-rolled, width less than 600mm, hot-rolled, of a thickness of less than 4.75mm totalled $195,953,804 in 2024, a -1.2% change from the previous year. Traded by 82 countries across 1,429 bilateral corridors, with demand from 170 importing markets. The long-term trend is rapid decline.

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

Global trade

$196.0M

-1.2% YoY

3Y / 5Y CAGR

-10.0%

5Y: -4.6%

Supply structure

Diversified

HHI 0.078

Volatility

Low

Score 11/100

1.

Market movement

In 2024, steel, stainless: flat-rolled, width less than 600mm, hot-rolled, of a thickness of less than 4.75mm trade exhibited slight decline, with global flows reaching $195,953,804 and a three-year compound annual growth rate of -10.0% (five-year: -4.6%). The all-time peak of $425,651,957 was recorded in 2007; the current level is 54% 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 decelerating (-7.0% acceleration).

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

2.

Supply & demand structure

The supply side is diversified (Herfindahl-Hirschman Index 0.078). The three largest exporters — China ($31.7M), Japan ($22.5M), and United States ($19.7M) — collectively dominate supply flows. The leading exporter has grown at -29.5% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.061). The three largest import markets are Vietnam ($22.9M), Germany ($20.9M), and Poland ($18.8M). The largest importing market sources from 20 different supplying countries.

The dominant trade corridor is Japan → Poland at $16.6M, representing 88.0% 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 less than 4.75mm 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.

Historical evidence

Annual trade value 19952024

Peak: $425,651,957 in 2007. Currently 54% below peak.

YearGlobal trade (USD)YoY growth
2015$251,664,347-5.5%
2016$254,020,387+0.9%
2017$259,655,008+2.2%
2018$272,326,974+4.9%
2019$248,366,225-8.8%
2020$220,974,411-11.0%
2021$269,195,224+21.8%
2022$244,888,693-9.0%
2023$198,360,296-19.0%
2024$195,953,804-1.2%

Top exporting countries

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

View all 82 exporters →

Top importing markets

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

View all 170 markets →

Leading trade corridors

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

#ExporterImporterValue 20243Y CAGR
1JapanPoland$16.6M+41.1%
2IndonesiaVietnam$10.4M+16.3%
3TaiwanThailand$10.0M-15.0%
4ChinaVietnam$8.7M-43.5%
5United StatesMexico$8.5M-18.3%
6FinlandSweden$6.8M+0.0%
7ChinaMalaysia$5.3M+94.1%
8BelgiumGermany$5.1M-13.2%

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.