Report Update Feb 1, 2025

Iran - Hot-Rolled Bars in Free-Cutting Steels - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Hot-Rolled Free-Cutting Steel Market 2025

Hot-Rolled Free-Cutting Steel Market Size in Iran

For the ninth year in a row, the Iranian hot-rolled free-cutting steel market recorded decline in sales value, which decreased by -52.1% to $X in 2021. Overall, consumption continues to indicate a sharp curtailment. The pace of growth appeared the most rapid in 2013 with a decrease of -0.1%. Hot-rolled free-cutting steel consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hot-Rolled Free-Cutting Steel Exports

Exports from Iran

In 2019, overseas shipments of hot-rolled bars in free-cutting steels decreased by -20% to X tons, falling for the second year in a row after four years of growth. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2016 when exports increased by 27%. The exports peaked at X tons in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

In value terms, hot-rolled free-cutting steel exports expanded notably to $X in 2019. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of 11%. The exports peaked at $X in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Lebanon (X tons) was the main destination for hot-rolled free-cutting steel exports from Iran, accounting for a approx. 100% share of total exports.

From 2012 to 2019, the average annual growth rate of volume to Lebanon was relatively modest.

In value terms, Lebanon ($X) emerged as the key foreign market for hot-rolled bars in free-cutting steels exports from Iran.

From 2012 to 2019, the average annual growth rate of value to Lebanon was relatively modest.

Export Prices by Country

The average hot-rolled free-cutting steel export price stood at $X per ton in 2019, with an increase of 38% against the previous year. Overall, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2018 an increase of 38% against the previous year. Over the period under review, the average export prices hit record highs in 2019 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Lebanon.

From 2012 to 2019, the rate of growth in terms of prices for Afghanistan amounted to +132.0% per year.

Hot-Rolled Free-Cutting Steel Imports

Imports into Iran

For the ninth year in a row, Iran recorded decline in supplies from abroad of hot-rolled bars in free-cutting steels, which decreased by -45.5% to X tons in 2021. In general, imports faced a significant decline. The smallest decline of -8.8% was in 2016. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, hot-rolled free-cutting steel imports declined rapidly to $X in 2021. Overall, imports continue to indicate a significant decrease. The smallest decline of -9.1% was in 2016. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of hot-rolled free-cutting steel to Iran, with a 57% share of total imports. Moreover, hot-rolled free-cutting steel imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Spain (X tons) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-33.0% per year) and Spain (-30.0% per year).

In value terms, India ($X) constituted the largest supplier of hot-rolled bars in free-cutting steels to Iran, comprising 51% of total imports. The second position in the ranking was taken by Turkey ($X), with a 25% share of total imports. It was followed by Germany, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from India totaled -14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-32.6% per year) and Germany (-16.2% per year).

Import Prices by Country

In 2021, the average hot-rolled free-cutting steel import price amounted to $X per ton, shrinking by -17.7% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.5% 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 free-cutting steel import price decreased by -19.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 75%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Germany ($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 (+43.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars in free-cutting steels in the world?

The countries with the highest volumes of hot-rolled free-cutting steel consumption in 2020 were the UK, Japan and Italy, together accounting for 48% of global consumption. These countries were followed by Taiwan Chinese), France, Switzerland, the United States, Argentina, India, Algeria, Bahrain and Turkey, which together accounted for a further 38%.

What are the largest producers of hot-rolled bars in free-cutting steels in the world?

The countries with the highest volumes of hot-rolled free-cutting steel production in 2020 were the UK, Japan and Taiwan Chinese), together comprising 45% of global production. Switzerland, France, Saudi Arabia, the United Arab Emirates, Spain, Argentina, Italy, India and Germany lagged somewhat behind, together accounting for a further 46%.

What are the leading suppliers of hot-rolled bars in free-cutting steels to Iran?

In value terms, Turkey constituted the largest supplier of hot-rolled free-cutting steel to Iran, comprising 72% of total imports. The second position in the ranking was occupied by India, with a 15% share of total imports. It was followed by Germany, with a 6.3% share.

What are the leading importers of hot-rolled bars in free-cutting steels from Iran?

In value terms, Thailand emerged as the key foreign market for hot-rolled free-cutting steel exports from Iran, comprising 90% of total exports. The second position in the ranking was occupied by Georgia, with a 5.1% share of total exports.

What is the average export price for hot-rolled bars in free-cutting steels in Iran?

The average hot-rolled free-cutting steel export price stood at $1,614 per ton in 2018, falling by -29.4% against the previous year.

What is the average import price for hot-rolled bars in free-cutting steels in Iran?

In 2020, the average hot-rolled free-cutting steel import price amounted to $537 per ton, reducing by -39.3% against the previous year.

This report provides an in-depth analysis of the hot-rolled free-cutting steel market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24106230 - Hot-rolled bars in free-cutting steels

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

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In this report, you can find information that helps you to make informed decisions on the following issues:

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1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024