Global Steel Export Data: Who are the Leading Steel Exporters in 2025?

Steel is a critical material used in various industries, including construction, automotive, and manufacturing. As a result, the demand for steel remains high across the world. According to recent data, the global steel industry is experiencing steady growth, with production and consumption both on the rise. This growth is fueled by increasing infrastructure development, urbanization, and industrialization in emerging economies. According to the global trade data and steel export data, the total value of global steel exports reached $448.13 billion in 2024, a slight decline of 1% from the previous year. As per the reports on steel export records, the global steel export figures and value exceeded around $102 billion in the first quarter of 2025.

In 2025, the steel industry continues to play a crucial role in the global economy, with many countries relying on steel exports to drive economic growth. But who are the leading steel exporters in 2025? Let's take a closer look at the latest global steel export data to find out.

Steel Exports by Country: Which Country is the Biggest Steel Exporter?

Steel exports play a significant role in international trade, with various countries contributing to this sector. Upon exploring the landscape of steel exports by country, it becomes clear that China emerges as the world's largest steel exporter, followed by Germany and Japan. The top 10 steel-exporting countries, according to global steel export statistics and steel shipment data for 2024-25, include:

1. China: $70.84 billion (15.8%)

China has been dominating the steel export market for many years. With its large-scale steel production facilities and competitive pricing, China continues to be the leading steel exporter in the world. The country's robust infrastructure and manufacturing capabilities allow it to meet the global demand for steel across various sectors.

2. Germany: $30.93 billion (6.9%)

Germany is known for its high-quality steel products and advanced manufacturing technologies. The country's strict quality standards and efficient production processes have helped it secure its position as the second-largest steel exporter in the world, as per the Germany steel export data. German steel exports are highly sought after in the international market for their reliability and durability.

3. Japan: $27.41 billion (6.1%)

Japan has a long-standing reputation for producing high-grade steel products. The country's focus on innovation and technology in the steel industry has enabled it to maintain a strong position in the global steel export market, as per Japan steel export data by HS code. Japanese steel exports are valued for their precision engineering and superior quality.

4. Indonesia: $25.80 billion (5.8%)

Indonesia is emerging as a prominent player in the steel export market. The country's growing steel industry and strategic location make it an attractive destination for steel exports, as per Indonesia customs export data of steel. With investments in infrastructure and steel manufacturing, Indonesia is poised to further increase its steel exports in the coming years.

5. South Korea: $24.80 billion (5.5%)

South Korea is known for its advanced steel production capabilities and technological expertise. The country's steel exports are in high demand due to their high strength, flexibility, and corrosion resistance. South Korean steel products are widely used in the automotive and electronics industries worldwide.

6. Belgium: $19.62 billion (4.4%)

Belgium may be a small country, but it has a significant presence in the global steel export market. The country's strategic location in Europe and well-established steel industry have helped it become a key player in steel exports. Belgian steel products are known for their high quality and precision engineering.

7. USA: $19.59 billion (4.4%)

The United States is a major player in the steel export market, thanks to its vast steel production capacity and technological advancements. The country's steel exports are widely used in construction, infrastructure development, and manufacturing. With a focus on innovation and sustainability, the USA continues to be a leading steel exporter.

8. Italy: $15.06 billion (3.4%)

Italy is renowned for its design and craftsmanship in the steel industry. The country's steel exports are known for their aesthetic appeal and high-end quality. Italian steel products are highly valued in the luxury goods and automotive sectors for their elegance and durability.

9. France: $14.32 billion (3.2%)

France has a long history of steel production and exports. The country's steel exports are characterized by their innovation and sustainability. French steel products are in demand for their eco-friendly manufacturing processes and energy-efficient properties.

10. Russia: $12.38 billion (2.8%)

Russia is a key player in the global steel export market, thanks to its vast natural resources and large-scale production facilities. The country's steel exports are essential for the construction and infrastructure sectors worldwide. Russian steel products are valued for their strength, reliability, and competitive pricing. Russia exports the most steel to Turkey, as per customs data on Russia steel exports to Turkey. 

Top 10 Steel Export Companies (2024–25): Steel Exporters Database

In the competitive landscape of steel exporters, the Top 10 Steel Exporter Companies hold a prominent position with their extensive reach and exceptional performance. This Steel Exporters Database showcases the industry leaders who have consistently delivered high-quality steel products on a global scale. The biggest and top verified steel exporting companies in 2024-25, as per the steel exporters data and steel suppliers list, include: 

Global Steel Exports in the Last 10 Years: Historical Steel Export Data

Factors Driving Steel Exports

Several key factors contribute to the success of leading steel exporters in 2025:

• Production Capacity: Countries with significant steel production capacity can meet both domestic and international demand for steel products.
• Technological Innovation: Advanced manufacturing technologies and processes help steel exporters maintain a competitive edge in the global market.
• Quality Standards: Ensuring high-quality steel products that meet international standards is crucial for building a strong reputation in the export market.
• Market Dynamics: Understanding market trends and consumer preferences allows steel exporters to tailor their products to meet specific market demands.

Key Highlights of Global Steel Exports 2025

• The global steel export market continues to be a fundamental pillar of international trade in 2025, driven by industrial demand, construction, infrastructure development, and energy sectors.
• The Organization for Economic Cooperation and Development (OECD) predicts that global steel capacity will rise by 6.7% (165 million tons) from 2025 to 2027, with nearly 60% of this increase originating from Asian economies, especially China and India.
• In 2024-25, global steel export value crossed $540 billion, with volume surpassing 380 million metric tons.
• Asian giants like China, India, and South Korea dominate in volume, while EU countries and Japan lead in high-grade, specialty steels.
• Protectionist measures such as tariffs, anti-dumping duties, and safeguard quotas continue to shape trade flows.

Global Steel Export Trends (2024–25)

• Total global export value (2024-25): $448.13 billion
• Top export markets: China, Japan, United States, Germany, Turkey, UAE, Mexico, Southeast Asia
• Key product types: Hot-rolled coils, galvanized steel, cold-rolled coils, alloy steel, stainless steel sheets
• Export growth rate (YoY): 4.1% (2024 to 2025) (till now)
• Rise in demand: EV industry, modular construction, defense & aerospace
• Green steel trend: Eco-friendly steel gaining popularity in Europe and North America

Steel Export Shipment Records & Insights

• Total steel export shipments globally (2024-25): 6.2 million metric tons
• Avg shipment weight: 60–80 metric tons
• Leading ports (by volume):
• Port of Shanghai (China)
• Visakhapatnam Port (India)
• Busan Port (South Korea)
• Antwerp Port (Belgium)
• Jebel Ali (UAE – re-export hub)

Steel Tariffs and Trade Barriers

• U.S. Section 232 tariffs: 25% on steel imports (select exemptions exist)
• EU Safeguard measures: Annual quota-based system on steel imports
• India: Export duty on iron ore to protect domestic availability; reduction in steel export duty in 2024
• China: Reduced steel export rebates in 2024 to curb over-exportation
• WTO cases: Disputes are ongoing between China and the EU/US over dumping

Key Insights for Businesses

• Diversify markets: Focus on Southeast Asia, Africa, and LATAM—these markets have rising construction demand and fewer barriers.
• Specialize to stay competitive: High-margin products like stainless steel, high-tensile automotive sheets, and green steel are more resilient to price drops.
• Adapt to tariffs: Explore Free Trade Agreements (FTAs) like RCEP, ASEAN-India, and EU-South Korea to minimize duties.
• Sustainability: More buyers require ESG reporting; investing in cleaner production is becoming a market requirement, not a choice.

Regional Steel Export Highlights

• China remains the world's largest steel exporter (approx. 84M tons); however, its growth rate is slowing due to a domestic infrastructure focus.
• India emerged as a rapidly growing exporter (over 18M tons), especially to the EU and the Middle East.
• South Korea and Japan excel in value-added and high-quality steel products.
• EU nations are focusing on decarbonized steel; Germany and Italy lead in exports within the bloc.

U.S. Steel Tariffs Raised to 50% in 2025

In June 2025, the United States doubled its tariffs on imported steel and aluminum from 25% to 50% under Section 232 of the Trade Expansion Act, citing national security concerns and the need to protect domestic manufacturing capacity. This move, announced by President Trump, aims to curb global overcapacity and strengthen the U.S. steel industry, but it also significantly increases costs for manufacturers across sectors like automotive, construction, and consumer goods.

The tariff hike is projected to raise import costs by over $100 billion annually, with steel and aluminum alone accounting for more than $52 billion, as per the US steel import data. While U.S. steel stocks surged, the policy drew backlash from major exporters, including the EU, Canada, Mexico, South Korea, and India, triggering fears of trade retaliation and economic instability in global supply chains.

Future Outlook: Steel Export Market (2025–2030)

• Market projected to reach $720 billion by 2030, with strong demand from emerging economies.
• AI-based demand forecasting, green production, and recycled steel will shape the next phase.
• Possible rise of carbon border taxes in Europe may disrupt traditional exporters.

Conclusion

In conclusion, the global steel export market in 2025 is dominated by a few key players who have established themselves as leading exporters. Countries such as China, Japan, India, and South Korea continue to drive the industry forward with their high-quality steel products and competitive pricing. As the demand for steel remains strong, these leading steel exporters are well-positioned to capitalize on opportunities for growth and expansion in the years to come.

We hope that you liked our insightful and interactive blog report on global steel export data 2025. Visit TradeImeX for more market trends and global trade import-export data insights. Contact us at info@tradeimex.in and get a customized database report on steel exports, along with the list of verified and top steel exporters.