Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico (CIF) - 2023
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico (FOB) - 2023
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico (CIF) - 2023
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,364 per ton in January 2023, reducing by -26.4% against the previous month. In general, the import price showed a dramatic descent. As a result, import price reached the peak level of $1,854 per ton, and then reduced notably in the following month.
Average prices varied noticeably amongst the major supplying countries. In January 2023, the country with the highest price was the United States ($1,582 per ton), while the price for Germany amounted to $1,341 per ton.
From December 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Germany (0.0%).
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico (FOB) - 2023
In May 2023, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $504 per ton, remaining stable against the previous month. In general, the export price recorded a deep reduction. As a result, the export price reached the peak level of $1,552 per ton. From December 2022 to May 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From November 2022 to May 2023, the rate of growth in terms of prices for the United States amounted to -17.1% per month.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico
In 2022, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Mexico surged to 75K tons, with an increase of 79% on the previous year. In general, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses soared to $108M in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.8 | 12.4 | 19.3 | 58.0 | 115.4% |
| South Korea | 4.8 | 1.1 | 9.1 | 18.8 | 57.6% |
| Japan | 15.9 | 16.5 | 13.1 | 16.8 | 1.9% |
| United States | 2.0 | 4.6 | 5.8 | 8.1 | 59.4% |
| Czech Republic | N/A | N/A | N/A | 2.1 | 0% |
| Italy | 6.7 | 0.7 | 1.3 | 1.3 | -42.1% |
| Brazil | 2.6 | 3.2 | 1.6 | 0.9 | -29.8% |
| Canada | 1.0 | 0.5 | 0.4 | 0.9 | -3.5% |
| Spain | 5.8 | 0.9 | 0.5 | 0.8 | -48.3% |
| Others | 0.4 | 0.3 | 0.2 | 0.6 | 14.5% |
| Total | 45.1 | 40.1 | 51.5 | 108 | 33.8% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Mexico in 2022:
- Germany (26.8K tons)
- South Korea (21.8K tons)
- Japan (11.3K tons)
- United States (8.9K tons)
- Canada (1.6K tons)
- Czech Republic (1.6K tons)
- Italy (1.4K tons)
- Brazil (1.0K tons)
- Spain (0.8K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico
For the fourth consecutive year, Mexico recorded growth in overseas shipments of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses, which increased by 341% to 13K tons in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $16M in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Colombia | 53.8 | 286 | 1,509 | 8,249 | 435.2% |
| United States | 12.6 | 32.3 | 242 | 2,776 | 504.0% |
| Nicaragua | 243 | 377 | 183 | 1,698 | 91.2% |
| Ecuador | 65.2 | 86.3 | 334 | 924 | 142.0% |
| Costa Rica | 24.1 | 44.0 | 235 | 708 | 208.6% |
| Canada | 5.3 | 7.4 | 114 | 491 | 352.5% |
| Argentina | 44.4 | 51.7 | 171 | 364 | 101.6% |
| Peru | 150 | 145 | 128 | 79.8 | -19.0% |
| Others | 3.4 | 7.4 | 32.3 | 303 | 346.7% |
| Total | 602 | 1,037 | 2,948 | 15,593 | 195.9% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Mexico in 2022:
- Colombia (8.0K tons)
- Nicaragua (1.5K tons)
- Ecuador (1.1K tons)
- United States (0.8K tons)
- Costa Rica (0.7K tons)
- Canada (0.5K tons)
- Argentina (0.4K tons)
- Peru (0.1K tons)
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