Top 25 countries importing steel from India
The numbers and facts displayed are accurate up to the recent data of 2022 year published by Trading Economics and United Nations COMTRADE database on international trade.
| Countries | Total iron and steel imports in US$ | Iron and Steel import from India in US$ |
|---|---|---|
| Italy | US$34.33 billion | US$2.28 billion |
| US | US$44.93 billion | US$1.16 billion |
| Turkey | US$28.37 billion | US$1.05 billion |
| Germany | US$39.49 billion | US$477.21 million |
| Egypt | US$4.28 billion | US$442.03 million |
| South Korea | US$18.94 billion | US$410.14 million |
| UK | 371.84 GBP million | US$383.80 million |
| Canada | US$ 11.09 billion | US$273.74 million |
| Belgium | US$11.84 billion | US$248.69 million |
| Netherlands | US$13.28 billion | US$226.87 million |
| Brazil | US$4.73 billion | US$202.47 million |
| Russia | US$1.5 billion | US$160.42 million |
| Australia | US$2.49 billion | US$77.6 million |
| Denmark | US$3.71 billion | US$74.75 million |
| France | US$17.3 billion | US$73.21 million |
| South Africa | US$1.81 billion | US$68.70 million |
| Philippines | US$5.23 billion | US$50.78 million |
| Sweden | US$6.38 billion | US$25.75 million |
| Austria | US$6.98 billion | US$25.62 million |
| Norway | US$ 1.18 billion | US$22.29 million |
| Finland | US$4.18 billion | US$21.62 million |
| Slovakia | US$4.03 billion | US$20.38 million |
| Lithuania | US$1.44 billion | US$3.50 million |
| Gorgia | US$429.12 million | US$274.32k |
| Kazakhstan | US$1.79 billion | US$244.92k |
The above are the leading countries who buy steel from India.
India steel export value in 2022 and 2023.
| Export steel value | Year | Source |
|---|---|---|
| US$ 13 billion | 2023 | Statista |
| US$15.2 billion | 2022 | United Nation COMTRADE data based on international trade |
Here is the breakdown of iron and steel products that had a major dominance in the exporting value of iron and steel from India in 2019, data by Statista.
| Products | Value exported from India in 2019 in US$ |
|---|---|
| Flat rolled materials of non alloy steel or iron | US$ 2,578 million |
| Ferro alloys | US$ 1,844 million |
| Semi-finished products of non alloy steel or iron | US$ 1,146 million |
| Flat rolled materials of non alloy steel or iron | US$ 840 million |
| Other rods and bars of stainless steel | US$ 832 million |
| Flat rolled materials of stainless steel | US$446 million |
| flat rolled materials of non alloy or iron steel | US$351 million |
| Wire of stainless steel | US$ 291 million |
| ferrous products obtained by direct reduction of Iron Ore | US$ 245 million |
| Rods and bars | US$ 195 million |
Growth rate increased of the following steel importing countries from India from 2018 to 2020.
| Country | Growth rate | Steel imports value in US$ |
|---|---|---|
| China | 1400% | 524 million |
| Vietnam | 700% | 183 million |
In August 2021 according to OEC, India exported US$ 457 million SS wire and became the largest exporter.
List of countries where India exported SS wire (2021)
| Countries | Value in US$ million |
|---|---|
| United states | 87.6 |
| Netherlands | 63.1 |
| Germany | 39.2 |
| France | 31.8 |
| Turkey | 28.5 |
List of steel importers by country 2022
Where does Europe import steel from?
Import value of finished steel products, according to Statista (2022)
| Country | Steel quantity Europe imported in million metric tons |
|---|---|
| Turkey | 423 |
| India | 292 |
| South Korea | 261 |
| China | 233 |
| Taiwan | 191 |
List of countries exporting steel products to Europe in 2023 (as per the
| Countries | Products | Import value in thousand tons and growth rate y/y |
|---|---|---|
| Lithuania | Imports of scrap metal | 15.3 tons (-10.4% y/y) |
| Slovakia | Iron ore | 163.5(-64.7% y/y) |
| Netherlands | Ferroalloys | 26.2( -74.3 y/y) |
| Italy | Pig iron | 636.6 (+5.8% y/y) |
This data is latest, as per the 2023 statistics.
European Union countries increased its steel imports from India
Where does Germany import steel from?
In 2021, according OEC statistics, Germany with $34 billion was the third largest importer of steel products in the world.
Below listed are the countries exporting steel products to Germany in 2021
| Countries | Steel products exported in US$ billion |
|---|---|
| Italy | 4.67 |
| Belgium | 3.74 |
| Netherlands | 4.08 |
| France | 4.01 |
| Austria | 2.73 |
Where does Italy buy steel from?
In 2018, according to Global Steel Trade, Italy imported 4.3 million metric tonnes of steel.
Other regions exporting steel to Italy in 2018
| Region | Steel import value in million metric ton |
|---|---|
| Ukraine | 0.7 |
| Romania | 0.59 |
| Germany | 0.58 |
| France | 0.56 |
| India | 0.4 |
Below graphs in based on United Nations COMTRADE database on international trade in 2022-2023, export value of steel from India to Italy.
Who is the biggest steel importer?
Leading steel importers globally by country
US has emerged as the largest steel importers in 2022 according to AISI report.
| Year | Steel imports |
|---|---|
| 2023 | 16.79 million tons |
| 2022 | 21.7 million metric tons |
| 2021 | 31,476,000 net tons |
US finished steel imports rose by 11% in 2022 according to Data by AISI.
| Products | Percentage increased in import value in 2022 in December |
|---|---|
| Line pipe | Up by 73% |
| Ingots, billets and slabs | Up by 36% |
| Sheets, strip and other metallic coatings | Up by 30% |
| Sheets and strip of hot dipped galvanized | Up by 26% |
USA imports of rolled steel products decreased by the following percentage.
| Decreased in the value import of rolled steel products | Year |
|---|---|
| By 14.9% | 2022 |
Down below you can see the amount of steel products which have been imported in largest volume in US market in 2022.
| Product | Import volumes in USA |
|---|---|
| Semi-finished (slabs and billets) | 3.54 million tons (+6.3% y/y) |
| Galvanized sheets and strips | 1.11 million tons (-32% y/y) |
| Hot-rolled sheets | 1 million t (-28.5% y/y) |
In 2023 June, an increase of 20.3% in the steel imports to the United States was seen compared to previous month 2.79 million tons.
The import volume of rolled steel was 1.99 million tons which makes up 6.4% growth month on month.
List of three largest suppliers of steel in the US market
| Countries | Exporting value of steel to US in million tons with y/y growth rate |
|---|---|
| Canada | 3.64 (+1.8% y/y) |
| Mexico | 2.32 ( -21.3% y/y) |
| Brazil | 1.55 (+33.5% y/y) |
In April 2022, statistics by American iron and steel institute (AISI) and Steel Import Monitoring and Analysis (SIMA) data, states that the steel import constitute grand total of 2,292,000 NT in 2022.
Countries importing steel to US market in 2023:
| Country | Steel imports to US market |
|---|---|
| Canada | 575,000 NT down by 13% |
| Mexico | 340,000 NT down by 22% |
| South Korea | 179, 000 down by 4% |
| Japan | 119,000 NT up by 1% |
| China | 114,000 NT up by 98% |
January to April 2023, listed down are the countries importing steel to US market as per the records of AISI (American iron and steel institute) and SIMA (Steel Import Monitoring and Analysis) data.
| Country | Steel import value to US |
|---|---|
| Canada | 2,366,000 NT up by 2% |
| Mexico | 1,613,000 NT down by 17% |
| Brazil | 1,324,000 NT up by 8% |
As per the records of AISI (American iron and steel institute) and SIMA (Steel Import Monitoring and Analysis) data on various steel products that was imported to US in 2023 during March-April.
| Products | Value of imported steel products to US market |
|---|---|
| Reinforcing bars | up by 63% |
| Hot rolled bar | up by 60% |
| Shapes with heavy structure | up by 57% |
| Cold finish bars | up by 22% |
| Wire drawn | up by 11% |
There is wide range of stainless steel products are being heavily exported and imported throughout the globe which includes:
- Pipes
- Tubes
- Plates
- Coils
- Sheets,
- Pipe fittings
- Flanges
- Fasteners such as bolts and nuts
- Compression fittings
- Industrial valves
- Sanitary fittings
What is the biggest market for steel?
Based on the actual data we have analyzed the biggest steel importers in the world
Steel is the most demanded alloys and can be produced in various types, shapes and sizes hence used in various industrial sectors.
As stated by the IMARC group experts the overall size for the biggest market for steel is:
| Steel market size value | Year wise growth |
|---|---|
| US$ 907 Billion | 2022 |
| Expected to reach US$ 1,077 billion | From 2023-2028 with the current CAGR growth rate of 2.8% |
Biggest steel utilizing industries:
- Construction which accounts for over 50% of the overall worlds steel usage.
- Aerospace applications
- Shipbuilding industries
- Infrastructural projects
- Energy industries
- Precision instruments and machinery
- Manufacturing plants
- Transportation and automotive
- Domestic and mechanical
Other steel products dominating the industrial market:
- Flat steel such as plates, sheets, coils and seamless pipes
- Long steel includes wires, rods, bars and welded pipes
- Bright steel
- Structural steel
- Prestressing steel
- Iron steel wire
- Ropes
- Braids
- Welding wire and rod
Steel market size according to region, data by IMARC group experts:
| Region | Countries |
|---|---|
| North America | United States and Canada |
| Asia-Pacific | China, India, Japan, South Korea, Indonesia, Australia and many more |
| Europe | Germany, United Kingdom, France, Italy, Russia, Spain and others |
| Latin America | Mexico, Brazil and others |
| Middle East and Africa |
This ultimately states that the Asia pacific region has the largest steel market size while North America is the fastest growing market with CAGR of 3%.
According to the recent 2019 Global Steel Report, this blow graph displays the steel production by region:
Where does Spain import steel from?
In 2021, Spain imported steel from Ukraine which comprises a total of 39% share of the overall imports.
According to the recent data by Trend Economy top countries supplying steel to Spain in 2022 are:
| Country | Export percentage share | Value in US$ |
|---|---|---|
| France | 18% | 2.58 billion |
| Germany | 11.4% | 1.63 billion |
| Italy | 7.63% | 1.09 billion |
| Portugal | 7.02% | 1 billion |
| Turkey | 5.66% | 813 million |
| Other Asia | 4.2% | 604 million |
| Netherlands | 4.1% | 589 million |
| United Kingdom | 3.87% | 555 million |
| China | 3.51% | 504 million |
| India | 3.44% | 494 million |
Value of Steel products imported to Spain based on Trend Economy:
| Products | Percentage import | In US$ |
|---|---|---|
| Flat rolled materials of non alloy steel or iron, hot rolled, not clad, coated or plated | 20% | 2.95 billion US$ |
| Flat rolled materials of non alloy steel or iron, clad, coated or plated | 18.3% | 2.63 billion US$ |
| Ferrous waste and scrap; remelting scrap ingots of iron and steel | 11% | 1.59 billion US$ |
| Flat rolled materials of other steel | 8.76% | 1.25 billion US$ |
| Ferro-alloys | 6.69% | 960 million US$ |
| Flat rolled materials of stainless steel | 5.97% | 857 million US$ |
| Flat rolled materials of non alloy steel or iron, cold rolled (cold reduced), not clad, coated or plated | 3.7% | 531 million US$ |
| Rods and bars, hot rolled, in irregular wounded coils of non-alloy steel or iron | 3.55% | 510 million US$ |
| Semi-finished products of non alloy steel or iron | 3.24% | 466 million US$ |
| Other rods and bars, hot extruded or hot drawn including twisted followed by rolling | 2.7% | 388 million US$ |
Where does Russia import steel from?
Russia imported $5.92 billion steel in 2021 a per Annual International Trade Statistics.
Russia imports steel from the following countries:
| Country | Steel export percentage share 2021 |
2022 | Value in US$ |
|---|---|---|---|
| Kazakhstan | 31% | US$1.5 billion | 1.84 billion |
| Ukraine | 17.3% | 1.03 billion | |
| China | 17.3% | US$1 million | 1.03 billion |
| Korea | 5.05% | – | 299 million |
| Belarus | 4.85% | – | 287 million |
| India | 3.25% | – | 192 million |
| Germany | 2.9% | – | 176 million |
| Georgia | 2.67% | – | 158 million |
| Brazil | 1.33% | – | 79 million |
| Belgium | 1.26% | – | 75 million |
Iron and steel imports to Russia in 2022 fell to 3.5 billion US$ in 2022 which is 41% less from 2021.
Steel products imported to Russia in the year 2021 by Annual International Trade Statistics.
| Products | Percentage value of steel imports shared | Value in US$ |
|---|---|---|
| Flat rolled materials of non alloy steel or iron, clad, coated or plated | 20% | for 1.21 billion US$ |
| Flat rolled materials of non alloy steel or iron, not clad, coated or plated | 18% | 1.07 billion US$ |
| flat rolled materials of stainless steel | 14.4% | 853 million US$ |
| ferro-alloys | 8.43% | 494 US$ |
| flat rolled materials of non alloy steel or iron, cold-rolled, not clad, coated or plated | 7.65% | 453 US$ |
| Flat rolled materials of other alloy steel | 5.35% | 317 million US$ |
| Ferrous waste and scrap; remelting scrap ingots of steel | 5.21% | 309 million US$ |
| Angles, shapes and sections of non alloy steel | 3.78% | 224 million US$ |
| Rods and bars of stainless steel; shapes, angles and sections of stainless steel | 1.98% | 117 million US$ |
Where does Egypt import steel from?
In 2021, Ukraine was the biggest exporter of iron and steel products to Egypt with 87% of total imports as per report of INDEXBOX. According Trading Economics, Egypt imported US$4.28 billion of iron and steel products in 2022.
Egypt imports steel from following countries
| Countries | Products |
|---|---|
| Turkey, China, Saudi Arabia, Spain, Tunisia and Belgium | Non alloy steel or iron products |
| Russia and United Arab Emirates | semi-finished products of non alloy steel or iron |
| China, Italy, Spain and India | stainless steel in ingots or various primary forms and semi-finished products |
| India, Turkey, Vietnam, China and Brazil | slag sand of iron or steel |
Where does US import most steel?
Top 10 countries from where US import most steel ( by World’s Top Export 2022)
| Country | Percentage value of steel | Value in billion US$ |
|---|---|---|
| China | 16.6% | 17.6 |
| Canada | 14.8% | 15.7 |
| Mexico | 13.1% | 13.9 |
| Taiwan | 6.5% | 6.9 |
| South Korea | 6.2% | 6.6 |
| Brazil | 4.4% | 4.7 |
| India | 4.4% | 4.6 |
| Germany | 3.5% | 3.7 |
| Japan | 3.2% | 3.4 |
| Vietnam | 2.5% | 2.6 |
Fastest growing countries among all iron and steel suppliers to US
| Countries | Percentage growth |
|---|---|
| India | 178% |
| Vietnam | 97.2% |
| Mexico | 86% |
| South Korea | 74.1% |
What country consumes the most steel?
The Asian industrial giant China consumes the most steel followed by other countries
- EU
- US
- India
- Japan
- South Korea
According to recent reports by World Steel Association and Short Range Outlook (SRO) top 10 countries with highest steel consumption in 2023 includes:
| Countries | Steel consuming in million tones |
|---|---|
| China | 914 million tones |
| India | 120 million tones |
| United states | 101 million tones |
| Japan | 59 million tones |
| South Korea | 55 million tones |
| Russia | 37 million tones |
| Turkey | 33 million tones |
| Germany | 32 million tones |
| Italy | 25 million tones |
| Brazil | 25 million tones |
Estimated statistics of finished steel industrial products globally by 2023
| Countries | Value in million metric tons |
|---|---|
| Asia and Oceania | 1,284.6 |
| Europe | 196.7 |
| USMCA | 140.9 |
| Middle East | 52.9 |
| CIS | 49.5 |
| Central and South America | 48.2 |
| Africa | 41.9 |
List of countries purchasing maximum steel pipes and tubes
In 2021 according to OEC, following countries are the major importers of stainless steel, welded, pipes and tubes
| Countries | Importing value in $ million |
|---|---|
| Germany | 524 |
| United States | 438 |
| Poland | 232 |
| France | 210 |
| India | 158 |
Top 5 importers of stainless steel sheet
Know which countries import steel fasteners, fittings, plates, flanges, pipes and tubes from India
Listed below are the biggest countries importing stainless steel hot rolled sheet as per OEC
| Countries | Importing value in $ million |
|---|---|
| Vietnam | 63.8 |
| Germany | 31.8 |
| Thailand | 22.3 |
| India | 19.2 |
| Mexico | 17.6 |
Top 5 countries importing nickel alloy bars, rods and profiles
In 2101 as per OEC, following are the countries importing nickel alloy, bars, rods and profiles.
| Countries | Importing value in $ million |
|---|---|
| China | 205 |
| United Kingdom | 144 |
| United States | 143 |
| Germany | 143 |
| Mexico | 99.5 |
List of countries importing nickel alloy plates and sheets
In 2021 as per OEC, listed below are the countries importing nickel alloy plates, sheet, strip and foil
| Countries | Importing value in $ million |
|---|---|
| China | 239 |
| United States | 107 |
| Germany | 87.3 |
| India | 87.1 |
| Italy | 85.6 |
List of countries purchasing nickel alloy tubing and pipes
In 2021, according to OEC listed below are the countries importing nickel alloy tubing and pipes in largest quantities.
| Countries | Importing value in $ million |
|---|---|
| United states | 127 |
| China | 82 |
| Germany | 69.6 |
| France | 62.3 |
| South Korea | 31 |
Top importers of nickel alloy pipe fittings globally
In 2021, according to OEC, following are the countries importing nickel alloy pipe fittings
| Countries | Importing value in $ million |
|---|---|
| United states | 36.1 |
| China | 8.03 |
| France | 7.81 |
| Singapore | 6.43 |
| Mexico | 6.04 |
Top importers of bars and rods
In 2021, listed below are the major countries importing bars and rods, stainless steel, hot rolled and coiled.
| Countries | Importing value in $ million |
|---|---|
| Italy | 368 |
| Germany | 282 |
| China | 238 |
| Thailand | 184 |
| South Korea | 178 |
Top 5 countries importing stainless steel scrap
In 2021, as per OEC, listed below are the countries importing stainless steel scrap or waste
| Countries | Import value |
|---|---|
| India | $1.82 billion |
| Belgium | $1.44 billion |
| Finland | $1.24 billion |
| Germany | $658 million (0.65 billion) |
| Netherlands | $516 million (0.51 billion) |
Top 10 countries importing fasteners
Fasteners : screws, bolts, nuts, coach screws, screw hooks, rivets, cotters, cotter-pins, washers of iron or steel
In 2022 according to Trend Economy, below listed are the top fasteners importing countries
| Countries | Import value in $ billion |
|---|---|
| USA | 8.53 |
| Germany | 5.09 |
| Mexico | 3.62 |
| China | 2.85 |
| Canada | 1.98 |
| France | 1.95 |
| United Kingdom | 1.54 |
| Italy | 1.39 |
| Poland | 1.32 |
| Netherlands | 1.27 |
Top 25 countries importing fittings and flanges
| Countries | Imports value in 1000USD |
|---|---|
| European Union | 283,875.00 |
| Germany | 148,087.62 |
| US | 118,162.95 |
| Japan | 85,353.51 |
| China | 83,304.43 |
| Mexico | 72,277.06 |
| Netherlands | 68,607.06 |
| France | 59,521.76 |
| Korea rep. | 56,904.09 |
| UK | 47,025.31 |
| Italy | 46,466.45 |
| Czech Republic | 40,681.13 |
| Denmark | 36,879.55 |
| UAE | 30,859.64 |
| Canda | 30,588.26 |
| Saudi Arabia | 28,932.78 |
| Sweden | 28,207.79 |
| Singapore | 27,247.74 |
| Spain | 25,876.37 |
| Russian federation | 25,350.38 |
| Thailand | 24,295.11 |
| Switzerland | 22,924.63 |
| Norway | 22,507.04 |
| Belgium | 21,891.86 |
| Austria | 21,721.78 |
The mentioned all the industrial facts and data are totally accurate and bridged from verified and credible sources listed down.
- Trading Economy
- United Nation COMTRADE data base on international trade
- World Steel Association (world steel) Short Range Outlook (SRO)
- World’s Top Export
- INDEXBOX
- Trend Economy
- Annual International Trade Statistics
- IMARC group experts
- OEC statistics
- Data Eurostat
- Steel Mint
- American Iron and Steel Institute (AISI) and many others
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