Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in France - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in France (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in France (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in France
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in France
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in France (CIF) - 2023
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $807 per ton in August 2023, which is down by -8.8% against the previous month. In general, the import price recorded a pronounced reduction. The pace of growth was the most pronounced in April 2023 an increase of 5.6% m-o-m. Over the period under review, average import prices reached the peak figure at $979 per ton in December 2022; however, from January 2023 to August 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Turkey ($864 per ton), while the price for Switzerland ($711 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by South Africa (+0.6%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in France (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,080 per ton in 2022, with an increase of 31% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses increased by +100.4% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 54%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.
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 the United States ($1,673 per ton), while the average price for exports to Belgium ($948 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in France
In 2022, after three years of growth, there was decline in purchases abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses, when their volume decreased by -1.9% to 571K tons. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 39% against the previous year.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $659M in 2022. Over the period under review, imports, however, posted a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 65% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 151 | 149 | 250 | 310 | 27.1% |
| Spain | 125 | 96.7 | 142 | 204 | 17.7% |
| Belgium | 59.6 | 32.6 | 54.9 | 53.7 | -3.4% |
| Italy | 12.8 | 13.6 | 25.0 | 34.1 | 38.6% |
| Poland | 1.7 | 0.4 | 8.9 | 17.9 | 119.2% |
| United Kingdom | 11.8 | 8.9 | 10.3 | 13.5 | 4.6% |
| Turkey | 2.7 | 2.3 | 4.8 | 10.8 | 58.7% |
| Others | 17.9 | 9.4 | 18.7 | 15.3 | -5.1% |
| Total | 382 | 312 | 515 | 659 | 19.9% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to France in 2022:
- Germany (258.6K tons)
- Spain (178.4K tons)
- Belgium (49.8K tons)
- Italy (31.8K tons)
- Poland (17.3K tons)
- United Kingdom (12.2K tons)
- Turkey (10.3K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in France
In 2022, the amount of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses exported from France shrank rapidly to 516K tons, with a decrease of -15.9% against 2021. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 71% against the previous year. As a result, the exports attained the peak of 614K tons, and then contracted notably in the following year.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $558M in 2022. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 161% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 117 | 69.6 | 209 | 194 | 18.4% |
| Switzerland | 56.8 | 41.0 | 80.9 | 116 | 26.9% |
| Belgium | 7.6 | 15.1 | 17.0 | 51.4 | 89.1% |
| Spain | 18.5 | 19.0 | 41.9 | 45.0 | 34.5% |
| United States | 27.0 | 10.5 | 45.6 | 44.6 | 18.2% |
| Italy | 23.6 | 13.0 | 34.1 | 43.9 | 23.0% |
| Luxembourg | 24.1 | 13.3 | 27.3 | 30.5 | 8.2% |
| Others | 21.4 | 12.2 | 49.3 | 32.5 | 14.9% |
| Total | 296 | 194 | 506 | 558 | 23.5% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from France in 2022:
- Germany (187.5K tons)
- Switzerland (108.4K tons)
- Belgium (54.3K tons)
- Spain (39.8K tons)
- Italy (39.5K tons)
- Luxembourg (31.2K tons)
- United States (26.6K tons)
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