Madagascar – Iron and Steel Products Madagascar – Iron and Steel Products
Overview
Madagascar possesses several iron ore deposits, though no domestic transformation capability. As such, the vast majority of the country’s iron and steel needs are supplied through imports. This sector currently presents opportunities for American iron and steel exporters seeking to supply the country’s significant import needs.Products covered are within HTS Chapter 72 “Iron and Steel Products” (such as stainless steel, bars, rods, wire of alloy steel) and HTS Chapter 73 “Articles of Iron or Steel” (such as wires, ropes, cables, tubes and pipes).
Opportunities
Given Madagascar’s total imports in this sector of USD 142 million in 2014 (CIF) and considering the current low U.S. market share, U.S. exporters can increase their sales in this sector through the establishment of a sales agent or by negotiating with a well-known importer or distributor. Turkey, India, China, and South Africa are currently the top exporters in this sector.Resources
For additional information on export opportunities in the iron and steel sector, potential exporters can contact the Ministry of Commerce, the Ministry of Industry, the American Chamber of Commerce or other business associations (see Chapter 9). Please also do not hesitate to contact the Embassy’s Political-Economic Section for more information.Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.