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Alloy steel ingots and semi-finished products: top exporters and importers (2024)

In 2024, world trade in alloy steel ingots and semi-finished products totaled $4.3 billion (4.3 million tonnes). The top exporters were Brazil (17%), Mexico (12%) and Italy (8%); the top importers were the United States (40%), Italy (7%) and the United Kingdom (6%). Compared with 2019, the value rose 9%.

Summary

World trade
$4.3billion
Tonnes
4.3million tonnes
Price per tonne
$991
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Brazil$713 million · 16.7%
  2. Mexico$527 million · 12.3%
  3. Italy$343 million · 8%
  4. Germany$322 million · 7.5%
  5. Romania$316 million · 7.4%
  6. China$274 million · 6.4%
  7. Argentina$202 million · 4.7%
  8. Austria$187 million · 4.4%
  9. Russia$159 million · 3.7%
  10. India$142 million · 3.3%
  11. Vietnam$133 million · 3.1%
  12. France$100 million · 2.3%
  13. Canada$96 million · 2.2%
  14. United States$85 million · 2%
  15. Sweden$81 million · 1.9%
  16. Czechia$78 million · 1.8%
  17. Turkey$69 million · 1.6%
  18. Spain$66 million · 1.5%
  19. Japan$61 million · 1.4%
  20. Croatia$57 million · 1.3%

Top importers

  1. United States$1.7 billion · 40%
  2. Italy$280 million · 6.6%
  3. United Kingdom$252 million · 5.9%
  4. Canada$242 million · 5.7%
  5. Germany$235 million · 5.5%
  6. Taiwan$166 million · 3.9%
  7. France$155 million · 3.6%
  8. China$154 million · 3.6%
  9. Belgium$103 million · 2.4%
    re-exports
  10. Japan$94 million · 2.2%
  11. Sweden$88 million · 2.1%
  12. Netherlands$76 million · 1.8%
    re-exports
  13. Romania$76 million · 1.8%
  14. Spain$59 million · 1.4%
  15. Austria$57 million · 1.3%
  16. Kazakhstan$56 million · 1.3%
  17. Poland$45 million · 1.1%
  18. India$43 million · 1%
  19. Ukraine$39 million · 0.91%
  20. South Korea$34 million · 0.78%

Trend

Who sells it

Brazil has been the top exporter since 2011

Value in USD billions. The five largest exporters in 2024.

  • Brazil 0.71
  • Mexico 0.53
  • Italy 0.34
  • Germany 0.32
  • Romania 0.32

Source: CEPII BACI

Show the numbers
Country19952024
Brazil0.030.71
Mexico< 0.010.53
Italy0.040.34
Germany0.140.32
Romania< 0.010.32

Price

Implied price

The price per tonne rose 57% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $991

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$633
1996$574
1997$436
1998$465
1999$293
2000$297
2001$280
2002$414
2003$558
2004$748
2005$852
2006$853
2007$1,060
2008$1,351
2009$985
2010$973
2011$917
2012$907
2013$929
2014$888
2015$571
2016$527
2017$672
2018$795
2019$732
2020$674
2021$985
2022$1,209
2023$1,076
2024$991

What it includes

  • 7224 · Alloy steel ingots and semi-finished products

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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