# HS 720711 Semi-Finished Products Of Iron Or No global trade...

Reported global trade in semi-finished products of iron or non-alloy steel: containing by weight less than 0.25% of carbon, of rectangular (including square) cross-section, width less than twice thickness reached $7.9B in 2024, with five-year annual growth of +0.8%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $7.1B | -12.3% | -4.5% |
| 2014 | $6.3B | -10.9% | -11.9% |
| 2015 | $6.8B | +7.3% | -5.7% |
| 2016 | $5.9B | -13.7% | -6.2% |
| 2017 | $6.5B | +10.3% | +0.7% |
| 2018 | $8.3B | +28.4% | +6.9% |
| 2019 | $7.6B | -8.8% | +8.9% |
| 2020 | $9.3B | +22.6% | +12.8% |
| 2021 | $15.0B | +61.3% | +21.8% |
| 2022 | $9.5B | -36.7% | +7.8% |
| 2023 | $7.2B | -24.2% | -8.2% |
| 2024 | $7.9B | +9.8% | -19.3% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| Turkey | $1.8B | +16.6% | 32 |
| United Arab Emirates | $479.0M | +15.2% | 16 |
| Taiwan | $399.7M | -4% | 12 |
| Indonesia | $366.6M | -1% | 12 |
| Saudi Arabia | $329.9M | +14.9% | 25 |
| Italy | $278.3M | +0.3% | 36 |
| Morocco | $270.1M | -1.3% | 20 |
| Philippines | $258.1M | -3.4% | 11 |
| Spain | $249.2M | -2.5% | 21 |
| Oman | $245.2M | +9.4% | 7 |
| Bulgaria | $239.5M | +4.7% | 7 |
| Egypt | $196.1M | -8.5% | 13 |

_Source: reported merchandise trade data. Updated 2026-08-14._