Price for Iron and Non-Alloy Steel in Ingot in Russia - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Russia (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Russia (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Russia
- Exports of Iron and Non-Alloy Steel in Ingot in Russia
Price for Iron and Non-Alloy Steel in Ingot in Russia (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $6,348 per ton, with an increase of 535% against the previous year. In general, the import price saw significant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -5.4% per year.
Price for Iron and Non-Alloy Steel in Ingot in Russia (FOB) - 2022
In 2022, the average export price for iron and non-alloy steel in ingots amounted to $2,798 per ton, rising by 67% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of 84%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($3,425 per ton), while the average price for exports to Kazakhstan amounted to $2,029 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Non-Alloy Steel in Ingot in Russia
In 2022, approx. 650 tons of iron and non-alloy steel in ingots were imported into Russia; picking up by 38% compared with the year before. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 89%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, imports of iron and non-alloy steel in ingots soared to $4.1M in 2022. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron and Non-Alloy Steel in Ingot in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 0.3 | 0.5 | 4.1 | 173.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.2 | 0.3 | 0.5 | 4.1 | 173.7% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Russia in 2022:
- China (4.4K tons)
Exports of Iron and Non-Alloy Steel in Ingot in Russia
In 2022, the amount of iron and non-alloy steel in ingots exported from Russia shrank notably to 44 tons, with a decrease of -67.7% against the previous year. In general, exports showed a dramatic contraction. The smallest decline of -44.6% was in 2021.
In value terms, exports of iron and non-alloy steel in ingots fell rapidly to $122K in 2022. Over the period under review, exports continue to indicate a dramatic contraction. The smallest decline of -26.7% was in 2021.
| Export of Iron and Non-Alloy Steel in Ingot in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belarus | 14.0 | 11.4 | 21.8 | 82.1 | 80.3% |
| Kazakhstan | 1,984 | 150 | 124 | 39.7 | -72.9% |
| Armenia | 109 | 123 | 45.1 | N/A | -35.7% |
| Czech Republic | 23.6 | 12.8 | 21.6 | N/A | -4.3% |
| Others | 39.2 | 9.6 | 13.0 | N/A | -42.4% |
| Total | 2,170 | 308 | 225 | 122 | -61.7% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Russia in 2022:
- Belarus (24.0 tons)
- Kazakhstan (19.6 tons)
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