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Jun-12-19
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ARCHIVED
Jan-17-24
Buyer From Cambodia
Quantity Required: 23 Tons
Payment Terms: LC
Destination: Cambodia
Looking for suppliers from: Worldwide
Product Description
Discuss sourcing & trends in Stainless Steel import export community

Supplying the World: Opportunities in Stainless Steel Export

Stainless steel is an alloy of iron and chromium with corrosion-resistant qualities and high tensile strength. From food processing, construction, and medical devices to transportation, stainless steel has a range of industrial applications that make it a critical global trade commodity. Its durability, versatility, and polished, shiny finish contribute to its growing demand across various industries. In fact, the presence of other metals (like nickel, nitrogen, etc.) improves its properties and makes it more suitable for a number of other uses. And you know what the best part is? Stainless steel is recyclable, which adds to its sustainability. Many global stainless steel buyers are looking to connect with reliable suppliers to fulfill their requirements and meet the market demand, offering a wealth of opportunities in stainless steel export.



Why is Stainless Steel in High Demand Globally in International Trade?

There is a combination of reasons why stainless steel is in high demand in international trade. The versatile properties of this commodity such as corrosion resistance, strength, durability, and aesthetic appeal, already make it desirable across diverse industries. In addition, there are other factors also that contribute to its growing demand. As a supplier, you should stay updated on these growth drivers to strategically position your offerings and meet the specific needs of buyers.


  • Developing nations are heavily investing in construction and urban infrastructure. As we know, stainless steel is used in infrastructure development-related works, including structural frameworks, cladding bridges, roofing, railings, etc. The minimal maintenance needs of stainless steel and its resistance to environmental damage make it preferable over other materials.

  • The increase in hygienic food processing as well as healthcare manufacturing has further added to the need for stainless steel equipment. It is considered ideal for food-grade storage tanks, packaging materials, and surgical tools because of its easy-to-clean and non-reactive properties. 

  • The global shift towards sustainability is another factor. Stainless steel is recyclable and it can be melted down and reused. Thus, it's an eco-friendly choice for manufacturers. This is also driving up interest in stainless steel scrap (which is essential for new steel production).

  • Stainless steel also plays a major role in the consumer goods sector. It is used in a number of consumer products, from kitchen appliances to stainless steel utensils and smart gadgets. 

  • Apart from the above-mentioned factors, advanced technologies are further pushing the production of high-precision stainless steel products at a very competitive cost. This has actually led to new applications in power generation, aerospace, renewable energy, and other high-value segments.



High-Demand Product Grades and What Global Buyers Are Looking For

Stainless steel is classified into four major types. These stainless steel varieties include austenitic, ferritic, martensitic, and duplex. Each type has unique properties with different applications. Out of these, austenitic is the most common and popular variety due to its excellent corrosion resistance and ductility. In this category, 304 and 316 are the most sought-after grades. Ferritic steels have high thermal conductivity, while martensitic steels have high strength and hardness. Lastly, the duplex combines both ferritic and austenitic stainless steels. Now that you are aware of the main types, let's move further and discuss the high-demand product grades that global buyers often look for. 


  • 304 stainless steel: Also known as the 'workhorse' grade for its corrosion resistance and affordability.
  • 316 stainless steel: More preferable in harsh environments, like marine, chemical, and pharmaceutical industries.
  • 420 stainless steel: Popular for its high harness and used in cutlery and bearings.
  • 430 stainless steel: A ferritic grade known for its good corrosion resistance and machinability.


It is important for suppliers and exporters to know about the most traded stainless steel product categories to expand their reach. Stainless steel importers or buyers seek industrial and semi-finished forms on the basis of their end-use applications. Here are the stainless steel products in demand worldwide.




Stainless Steel Global Market Trends: Key Insights for Exporters 

It's essential for exporters and suppliers to stay updated with key insights such as market size, top importing countries, and price trends.


Stainless Steel Market Size:

MetricValue
Global Market Size (2024)$163.7 Billion
Expected Market Size (2033)$261.5 Billion
CAGR5.08%

Source: IMARC


Top Importing Countries (2024)

Country NameTotal Shipments
Vietnam4,705,801
United States2,166,459
India1,635,777

Source: Volza


Stainless Steel Price Based on Regions (as of February 2025):

RegionPrice (USD/kg)Price Trend
North America$3.28Stable
Europe$2.741.1% decrease
Northeast Asia$1.545.5% decrease
Southeast Asia$2.220.4% decrease
Middle East$2.763.5% decrease
India$2.42Stable

Source: MachineMFG


For more insights on industrial raw materials and to connect with like-minded professionals, visit our community page.



How to Find Verified Stainless Steel Buyers Near Me or Globally?

As a supplier, connecting with reliable and high-volume stainless steel importers is important. Here are the most effective ways:


  • Participate in metal and industrial trade shows, like Tube Düsseldorf, Stainless Steel World Expo, etc.

  • Use export directories and trade promotion councils as they can provide qualified leads and regional demand data.

  • Build a strong presence on social media like Linkedin and connect with potential stainless steel importers or decision-makers. You can also join relevant groups.



Frequently Asked Questions (FAQs):


1. How can I find genuine and reliable stainless steel buyers globally?

You can find genuine stainless steel buyers through:

  • Global B2B platforms
  • Export Promotion Councils
  • Social Media Platforms like LinkedIn
  • Direct Outreach
  • Search Ads


2. What specific stainless steel products are imported globally?

High-demand stainless steel products that are imported globally include:

  • 306 and 316 stainless steel grades
  • Stainless steel sheets
  • Stainless steel coils
  • Stainless steel pipes
  • Stainless steel castings & utensils


3. Which are the top importing countries for stainless steel?

Vietnam, the United States, and India are the top stainless steel importing countries.


4. What is the price of stainless steel per kg?

The stainless steel price per kg varies based on factors like location, type, grade, and quality. However, it may range between  $2.20 to $4.80 per kg.


5. Who is the largest consumer of stainless steel?

China is the largest consumer of stainless steel.


6. Which industry uses the most stainless steel?

The construction industry accounts for the highest use of stainless steel. It is followed by food processing, automotive, and chemical industries.


7. Which is better, 304 or 316 stainless steel?

304 is usually considered better as it is cost-effective and suitable for general use. However, 316 is better for corrosive environments as it has a high amount of molybdenum content.


8. Which grade of stainless steel is best?

Though it depends on the application, 304 stainless steel, 316 stainless steel, and 430 stainless steel are considered best.


9. What is the HSN code for stainless steel?

Here are stainless steel HSN codes based on different types:

7218: Stainless steel in ingots or other primary forms; semi-finished products

7219: Flat-rolled products of stainless steel

7220: Flat-rolled products of stainless steel

7221: Bars and rods, hot-rolled, in irregularly wound coils, of stainless steel

7222: Other bars and rods of stainless steel; angles, shapes, and sections

7223: Wire of stainless steel

7304: Tubes, pipes, and hollow profiles, seamless, of stainless steel

7306: Other tubes, pipes, and hollow profiles of stainless steel (e.g., welded)

7307: Pipe fittings (e.g., elbows, couplings) of stainless steel



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