Iron and Steel Export of France in 2024: The Latest Trade Dynamics

Iron and Steel have been a specific commodity of trade in the global trade market. France, to maintain continuity with the global standards, has introduced diversification in the export portfolio with affordable pricing strategies. The hike in production ranges of the manufacturing units and the affordable price set up by the trade authorities has grabbed the attention of different foreign investors while increasing the export revenue rate. The modernization of the transportation infrastructure for the efficient export delivery to the destination estates and several other initiatives, like the subsidies for supporting the domestic exporters to have a wide access to the foreign market, have been pivotal for the revenue rate.

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The growth rate and the global demand, fostered mainly by the rise in production capacity, have not only increased the employment rate in the iron and steel industry but have also substantially contributed to the global iron and steel export market via a total revenue share of 6.78% in 2024. The stability in the trade partnerships and the continuous efforts towards supply chain integration have resulted in an export trade value of iron and steel worth 10 billion US dollars in 2024. Subscribe to Import Globals, an import export trade provider, to stay updated with the latest valuations of the iron and steel export of France via the France Trade Data.

POLICY REFORMS SUPPORTING THE EXPORT OF IRON AND STEEL FROM FRANCE IN 2024

The Team France Industry of the Future initiative, launched during the Global Industry 2024, was structured by the authorities to coordinate a relationship between the export and investment efforts. The government authorities have introduced this specific policy to enhance the steel exporters and improve their strategic focus on global trade via the crystal-clear market insights provided to them through this specific policy. The Dare to Export plan, which was launched by the government authorities in 2023, was supported because the aim of the initiative is to support the measures taken by the trade authorities to expand their export reach across the world.

This initiative has streamlined the financing processes, fostering reliable access to export guidance. The Export Simplification via BERCY France Export 2024 has provided more transparent support services to the export authorities while reducing the bureaucratic hurdles. The Steel Plan Under the Mindset metallurgy sector strategy was introduced by the government authorities to enhance the product standards as per the global trade demand. It has boosted the global competitiveness via the efficient supply of France-produced iron and steel essentials.

THE LEADING VARIANTS OF IRON AND STEEL EXPORTED FROM FRANCE IN 2024

The increasing use of iron and steel in different industrial sectors, ranging from construction units to manufacturing organizations, has increased the global demand. This has led the trade authorities of France to introduce diversification in the export portfolio. According to the France Export Data, the top 10 leading variants of iron and steel exported from the nation in 2024 are,

  • Steel Pipes and Tubes — The annual valuation of Steel Pipes and Tubes exported from France in 2024–2.1 billion US dollars
  • Metal Structures and Parts– The annual valuation of Metal Structures and Parts exported from France in 2024–1.8 billion US dollars
  • Cold-Rolled Steel Strip– The annual valuation of Cold-Rolled Steel Strip exported from France in 2024–1.2 billion US dollars
  • Cold-Rolled Steel Bars– The annual valuation of Cold-Rolled Steel Bars exported from France in 2024–1 billion US dollars
  • Cold-Drawn Wire — The annual valuation of Cold-Drawn Wire exported from France in 2024–654 million US dollars
  • Hot-Rolled Flat Products — The annual valuation of Hot-Rolled Flat Products exported from France in 2024–567 million US dollars
  • Coated Steel Sheets– The annual valuation of Coated Steel Sheets exported from France in 2024–487 million US dollars
  • Iron or Steel Rods– The annual valuation of Iron or Steel Rods exported from France in 2024–342 million US dollars
  • Alloy Steel — The annual valuation of Alloy Steel exported from France in 2024–278 million US dollars
  • Stainless Steel Sheets and Strips — The annual valuation of Stainless-Steel Sheets and Strips exported from France in 2024–219 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF FRANCE IN 2024

The stronger integration towards supply chain management and the stable trade partnerships with different leading buyers worldwide have fostered the export revenue of France at a crucial rate. As per the France Customs Data, the top 10 export trade partners of the nation in 2024 are,

  • Germany — The total export trade value of iron and steel products exported from France to Germany in 2024–3.21 billion US dollars

Top 5 variants of iron and steel exported

· Hot-rolled steel coil

· Cold-rolled steel coil

· Galvanized steel sheet

· Electro-galvanized steel

· Stainless steel sheet

  • Italy — The total export trade value of iron and steel products exported from France to Italy in 2024–2.14 billion US dollars

Top 5 variants of iron and steel exported

· Steel billets

· Steel blooms

· Steel slabs

· Rebar (reinforcing bar)

· Wire rod

  • United States — The total export trade value of iron and steel products exported from France to the United States in 2024–1.78 billion US dollars

Top 5 variants of iron and steel exported

· Steel pipes

· Seamless steel tube

· Welded steel tube

· Steel H-beam

· I-beam

  • Belgium — The total export trade value of iron and steel products exported from France to Belgium in 2024–1.21 billion US dollars

Top 5 variants of iron and steel exported

· U-channel

· Steel angles

· Steel flat bars

· Round bars

· Square bars

  • Spain — The total export trade value of iron and steel products exported from France to Spain in 2024–1 billion US dollars

Top 5 variants of iron and steel exported

· Cold-drawn wire

· Spring steel

· Tool steel

· Carbon steel plate

· Stainless steel coil

  • United Kingdom — The total export trade value of iron and steel products exported from France to the United Kingdom in 2024–890 million US dollars

Top 5 variants of iron and steel exported

· Alloy steel bar

· Steel mesh

· Sheet piling

· Cast iron pipe

· Ductile iron pipe

  • China — The total export trade value of iron and steel products exported from France to China in 2024–712 million US dollars

Top 5 variants of iron and steel exported

· Malleable iron fittings

· Structural steel

· Steel rails

· Rail clips

· Fish plates

  • Netherlands — The total export trade value of iron and steel products exported from France to the Netherlands in 2024–645 million US dollars

Top 5 variants of iron and steel exported

· Steel grating

· Corrugated steel sheet

· Galvalume steel

· Tinplate

· Tinned steel sheet

  • Switzerland– The total export trade value of iron and steel products exported from France to Switzerland in 2024–587 million US dollars

Top 5 variants of iron and steel exported

· Steel forgings

· Steel flanges

· Butt weld fittings

· Steel elbows

· Steel tees

  • Poland — The total export trade value of iron and steel products exported from France to Poland in 2024–473 million US dollars

Top 5 variants of iron and steel exported

· Cold-rolled strip

· Hot-rolled strip

· Steel strip coil

· Steel wire rope

  • PC wire

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