# Iron or non-alloy steel (HS4 7207) Trade Overview | Yugalinks

> Published by **Yugalinks**, global trade intelligence for growing businesses.
>
> [Follow Yugalinks on LinkedIn](https://in.linkedin.com/company/yugalinks)

Iron or non-alloy steel at HS4 7207, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs4/7207

## Explore Yugalinks

- [Open the trade workspace](https://www.yugalinks.com/app)
- [Read the methodology](https://www.yugalinks.com/methodology)
- [Review data sources](https://www.yugalinks.com/data-sources)
- [Check data coverage](https://www.yugalinks.com/data-coverage)
- [Read Responsible AI principles](https://www.yugalinks.com/responsible-ai)

## Answer

The iron or non-alloy steel subsector recorded $28.5B in reported global trade in 2024, with -1.9% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $28.5B |
| Latest annual change | -1.9% |
| Active exporters | 126 |
| Active importers | 182 |
| Active HS6 products | 4 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $10.4B | 1,469 | 4 |
| 1996 | $9.6B | 1,498 | 4 |
| 1997 | $9.6B | 1,511 | 4 |
| 1998 | $7.4B | 1,503 | 4 |
| 1999 | $7.9B | 1,603 | 4 |
| 2000 | $9.6B | 1,731 | 4 |
| 2001 | $8.8B | 1,766 | 4 |
| 2002 | $10.1B | 1,716 | 4 |
| 2003 | $12.9B | 1,779 | 4 |
| 2004 | $22.6B | 1,856 | 4 |
| 2005 | $24.1B | 1,959 | 4 |
| 2006 | $26.5B | 1,916 | 4 |
| 2007 | $31.6B | 1,967 | 4 |
| 2008 | $47.1B | 2,147 | 4 |
| 2009 | $22.1B | 1,962 | 4 |
| 2010 | $30.1B | 1,924 | 4 |
| 2011 | $35.5B | 2,093 | 4 |
| 2012 | $32.0B | 2,057 | 4 |
| 2013 | $27.1B | 2,035 | 4 |
| 2014 | $27.8B | 2,159 | 4 |
| 2015 | $21.3B | 2,093 | 4 |
| 2016 | $19.6B | 2,037 | 4 |
| 2017 | $25.3B | 2,111 | 4 |
| 2018 | $32.1B | 2,212 | 4 |
| 2019 | $27.0B | 2,209 | 4 |
| 2020 | $26.3B | 2,081 | 4 |
| 2021 | $44.8B | 2,359 | 4 |
| 2022 | $34.9B | 2,314 | 4 |
| 2023 | $31.5B | 2,350 | 4 |
| 2024 | $28.5B | 2,317 | 4 |

## Leading corridors

- Brazil to USA, Puerto Rico and US Virgin Islands: $2.5B; growth -7.3%.
- Malaysia to Turkey: $1.3B; growth +46,542.4%.
- Russia to Turkey: $1.1B; growth -10.3%.
- Russia to Taiwan: $680.8M; growth -17.1%.
- Russia to Belgium: $608.2M; growth -21.3%.
- Germany to France: $577.6M; growth -3.7%.
- Russia to Egypt: $552.1M; growth +109.6%.
- Japan to Republic of Korea: $532.0M; growth -5.1%.
- China to Indonesia: $524.4M; growth +336.3%.
- Oman to Saudi Arabia: $460.6M; growth +14%.

## HS6 products

- Iron or non-alloy steel: 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 (HS6 720711)
- Iron or non-alloy steel: 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 (HS6 720712)
- Iron or non-alloy steel: semi-finished products of iron or non-alloy steel, containing by weight less than 0.25% of carbon, other than rectangular or square cross-section (HS6 720719)
- Iron or non-alloy steel: semi-finished products of iron or non-alloy steel, containing by weight 0.25% or more of carbon (HS6 720720)

## Definitions and coverage

Merchandise trade observations aggregated to HS4. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024.

## Continue your research

- [Explore HS4 7207 in the workspace](https://www.yugalinks.com/app?hs=7207)
- [Open the Yugalinks workspace](https://www.yugalinks.com/app)

## Other formats

- [HTML](https://www.yugalinks.com/trade/sector/hs4/7207/index.html)
- [JSON](https://www.yugalinks.com/trade/sector/hs4/7207/index.json)
- [JSON-LD](https://www.yugalinks.com/trade/sector/hs4/7207/index.ld.json)


## Continue your research

- [Explore HS4 7207 in the workspace](https://www.yugalinks.com/app?hs=7207)
- [Open the Yugalinks workspace](https://www.yugalinks.com/app)

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.