Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland - 2023

Contents:

1. Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland (CIF) - 2022
2. Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland (FOB) - 2022
3. Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland
4. Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland (CIF) - 2022

In 2022, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,695 per ton, surging by 5.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($2,042 per ton), while the price for the Netherlands ($1,652 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland (FOB) - 2022

The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $13,219 per ton in 2022, declining by -12.7% against the previous year. In general, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 660% against the previous year. The export price peaked at $15,140 per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($14,261 per ton), while the average price for exports to South Africa totaled $3,167 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland

In 2022, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Ireland skyrocketed to 497 tons, with an increase of 20% against the year before. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 67%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $842K in 2022. Overall, imports showed a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by 81%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Ireland in 2022:

1. Netherlands (298.5 tons)
2. Germany (169.2 tons)
3. United Kingdom (17.2 tons)
4. Spain (0.5 tons)

Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Ireland

In 2022, shipments abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -48.7% to 351 kg, falling for the second year in a row after two years of growth. In general, exports showed a sharp slump. The most prominent rate of growth was recorded in 2020 when exports increased by 28% against the previous year. As a result, the exports reached the peak of 5.2 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses declined sharply to $4.6K in 2022. Over the period under review, exports saw a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 47%. As a result, the exports attained the peak of $38K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Ireland in 2022:

1. United Kingdom (318.0 kg)
2. South Africa (33.0 kg)

Source: IndexBox Market Intelligence Platform