Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China - 2024
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China (FOB) - 2024
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China (CIF) - 2024
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China (FOB) - 2024
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $587 per ton in June 2023, dropping by -2.6% against the previous month. Over the period under review, the export price saw a noticeable downturn. The growth pace was the most rapid in March 2023 an increase of 14% against the previous month. As a result, the export price attained the peak level of $744 per ton. From April 2023 to June 2023, the the average export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In June 2023, the countries with the highest prices were Canada ($663 per ton) and Thailand ($661 per ton), while the average price for exports to the Philippines ($504 per ton) and Myanmar ($525 per ton) were amongst the lowest.
From February 2023 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China (CIF) - 2024
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,255 per ton in June 2023, surging by 14% against the previous month. Over the last four months, it increased at an average monthly rate of +1.0%. The import price peaked at $1,282 per ton in March 2023; afterwards, it flattened through to June 2023.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($1,403 per ton), while the price for South Korea ($1,125 per ton) was amongst the lowest.
From February 2023 to June 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China
In 2022, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from China skyrocketed to 2.3M tons, picking up by 376% against the previous year's figure. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $1.8B in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 38.0 | 20.0 | 104 | 444 | 126.9% |
| Philippines | 76.4 | 20.9 | 22.1 | 126 | 18.1% |
| Peru | 0.1 | N/A | 13.2 | 115 | 947.7% |
| Indonesia | 27.4 | 10.2 | 21.3 | 99.0 | 53.4% |
| Thailand | 9.7 | 10.1 | 26.6 | 75.3 | 98.0% |
| Japan | 56.4 | 25.9 | 23.6 | 74.3 | 9.6% |
| Vietnam | 54.7 | 11.4 | 49.8 | 72.8 | 10.0% |
| Saudi Arabia | 4.0 | 0.5 | 8.4 | 66.4 | 155.1% |
| Guatemala | N/A | N/A | 1.3 | 62.5 | 4707.7% |
| Ghana | 6.2 | 6.1 | 4.6 | 52.2 | 103.4% |
| Kenya | 4.0 | 1.8 | 1.1 | 46.4 | 126.4% |
| Brazil | 0.8 | 0.7 | 9.4 | 44.5 | 281.7% |
| Colombia | N/A | 0.1 | 5.2 | 42.1 | 1951.8% |
| Others | 130 | 90.5 | 127 | 521 | 58.8% |
| Total | 407 | 198 | 418 | 1,842 | 65.4% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from China in 2022:
- South Korea (516.3K tons)
- Peru (156.0K tons)
- Philippines (150.4K tons)
- Indonesia (121.5K tons)
- Japan (99.1K tons)
- Thailand (92.4K tons)
- Saudi Arabia (83.7K tons)
- Vietnam (79.9K tons)
- Guatemala (75.6K tons)
- Ghana (69.7K tons)
- Kenya (57.8K tons)
- Brazil (55.4K tons)
- Colombia (54.8K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China
In 2022, overseas purchases of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -75.1% to 249K tons, falling for the second year in a row after two years of growth. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 252% against the previous year. As a result, imports reached the peak of 1.1M tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses dropped sharply to $234M in 2022. Over the period under review, imports, however, posted a noticeable increase. The most prominent rate of growth was recorded in 2020 with an increase of 154%.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 78.2 | 63.2 | 103 | 104 | 10.0% |
| Malaysia | 68.4 | 280 | 347 | 65.3 | -1.5% |
| Taiwan (Chinese) | 28.9 | 32.2 | 40.3 | 37.0 | 8.6% |
| South Korea | 23.2 | 22.0 | 17.0 | 13.5 | -16.5% |
| Vietnam | N/A | 42.5 | 112 | 7.1 | -59.1% |
| Germany | 4.2 | 4.2 | 9.2 | 6.3 | 14.5% |
| Indonesia | N/A | 59.5 | 52.8 | N/A | -11.3% |
| Others | 3.0 | 19.9 | 7.7 | 1.1 | -28.4% |
| Total | 206 | 524 | 689 | 234 | 4.3% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to China in 2022:
- Malaysia (101.3K tons)
- Japan (84.5K tons)
- Taiwan (Chinese) (35.7K tons)
- South Korea (11.9K tons)
- Vietnam (9.9K tons)
- Germany (4.7K tons)
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