Australia: Hot-Rolled Steel Products Market 2025

Hot-Rolled Steel Products Market Size in Australia

In 2021, after three years of decline, there was significant growth in the Australian hot-rolled steel products market, when its value increased by 19% to $X. Over the period under review, consumption, however, showed a noticeable decrease. Hot-rolled steel products consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hot-Rolled Steel Products Production in Australia

In value terms, hot-rolled steel products production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep slump. The growth pace was the most rapid in 2017 with an increase of 28%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Hot-Rolled Steel Products Exports

Exports from Australia

In 2021, the amount of flat-rolled products of iron or steel (not further worked than hot-rolled) exported from Australia shrank dramatically to X tons, waning by -75.4% against the previous year's figure. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 32% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, hot-rolled steel products exports dropped dramatically to $X in 2021. In general, exports faced a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by 39% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for hot-rolled steel products exports from Australia, accounting for a 32% share of total exports. Moreover, hot-rolled steel products exports to Vietnam exceeded the volume sent to the second major destination, Italy (X tons), twofold. Indonesia (X tons) ranked third in terms of total exports with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam totaled -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+116.5% per year) and Indonesia (+4.0% per year).

In value terms, Vietnam ($X) remains the key foreign market for flat-rolled products of iron or steel (not further worked than hot-rolled) exports from Australia, comprising 24% of total exports. The second position in the ranking was held by Indonesia ($X), with a 12% share of total exports. It was followed by Italy, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-1.6% per year) and Italy (+85.2% per year).

Export Prices by Country

In 2021, the average hot-rolled steel products export price amounted to $X per ton, jumping by 47% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Steel Products Imports

Imports into Australia

In 2021, hot-rolled steel products imports into Australia surged to X tons, growing by 27% against the previous year. Overall, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, hot-rolled steel products imports soared to $X in 2021. Over the period under review, imports, however, recorded a abrupt setback. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and India (X tons) were the main suppliers of hot-rolled steel products imports to Australia, with a combined 34% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +25.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and India ($X) appeared to be the largest hot-rolled steel products suppliers to Australia, together accounting for 37% of total imports.

India, with a CAGR of +39.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average hot-rolled steel products import price amounted to $X per ton, picking up by 42% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hot-rolled steel products import price increased by +22.2% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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