# HS 720712 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 (other than square) cross-section reached $13.4B in 2024, with five-year annual growth of +2.6%.

## Annual trade evidence

| Year | Global trade | Year-on-year growth | 3-year growth |
| --- | --- | --- | --- |
| 2013 | $13.3B | -13.6% | -2.8% |
| 2014 | $14.4B | +8% | -6.8% |
| 2015 | $9.2B | -36% | -15.8% |
| 2016 | $8.2B | -10.4% | -14.8% |
| 2017 | $12.0B | +45.4% | -5.9% |
| 2018 | $14.9B | +24.4% | +17.5% |
| 2019 | $11.8B | -20.8% | +12.7% |
| 2020 | $10.9B | -7.3% | -3% |
| 2021 | $21.3B | +95% | +12.7% |
| 2022 | $17.2B | -19.4% | +13.3% |
| 2023 | $17.3B | +0.5% | +16.4% |
| 2024 | $13.4B | -22.2% | -14.3% |

## Leading buyer markets

| Buyer market | Latest imports | 5-year growth | Suppliers |
| --- | --- | --- | --- |
| USA | $3.3B | +4.1% | 17 |
| Turkey | $2.0B | +41.7% | 14 |
| Italy | $1.0B | -6% | 24 |
| Mexico | $900.6M | -2% | 17 |
| Belgium | $747.9M | -4.9% | 18 |
| Thailand | $675.1M | +2.8% | 16 |
| Indonesia | $511.6M | +2.1% | 15 |
| Republic of Korea | $502.8M | -4.7% | 7 |
| France | $497.1M | +7.7% | 19 |
| Brazil | $476.1M | +191.2% | 8 |
| Taiwan | $458.5M | -13.4% | 10 |
| United Kingdom | $395.5M | +19.7% | 23 |

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