Price for Steel, Alloy; Ingots and Other Primary Forms in Canada - 2024
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in Canada (CIF) - 2024
- Price for Steel, Alloy; Ingots and Other Primary Forms in Canada (FOB) - 2024
- Imports of Steel, Alloy; Ingots and Other Primary Forms in Canada
- Exports of Steel, Alloy; Ingots and Other Primary Forms in Canada
Price for Steel, Alloy; Ingots and Other Primary Forms in Canada (CIF) - 2024
In June 2023, the average import price for steel, alloy; ingots and other primary formses amounted to $1,803 per ton, surging by 5.4% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 20% m-o-m. The import price peaked at $1,830 per ton in January 2023; afterwards, it flattened through to June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Slovenia ($2,727 per ton), while the price for the United States totaled $1,797 per ton.
From January 2023 to June 2023, the most notable rate of growth in terms of prices was attained by Slovenia (+1.9%).
Price for Steel, Alloy; Ingots and Other Primary Forms in Canada (FOB) - 2024
The average export price for steel, alloy; ingots and other primary formses stood at $2,611 per ton in June 2023, waning by -4% against the previous month. Over the period from January 2023 to June 2023, it increased at an average monthly rate of +7.0%. The growth pace was the most rapid in March 2023 an increase of 22% month-to-month. As a result, the export price reached the peak level of $2,781 per ton. From April 2023 to June 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to June 2023, the rate of growth in terms of prices for the United States amounted to +7.0% per month.
Imports of Steel, Alloy; Ingots and Other Primary Forms in Canada
In 2022, after three years of growth, there was significant decline in overseas purchases of steel, alloy; ingots and other primary formses, when their volume decreased by -24.2% to 13K tons. Over the period under review, imports, however, showed strong growth. The pace of growth was the most pronounced in 2021 with an increase of 82% against the previous year. As a result, imports attained the peak of 18K tons, and then reduced dramatically in the following year.
In value terms, imports of steel, alloy; ingots and other primary formses declined to $25M in 2022. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 89% against the previous year. As a result, imports attained the peak of $26M, and then reduced in the following year.
| Import of Steel, Alloy; Ingots and Other Primary Forms in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 9.8 | 12.0 | 20.9 | 23.1 | 33.1% |
| Germany | 2.3 | 1.4 | 1.2 | 1.8 | -7.8% |
| Oman | N/A | N/A | 3.8 | N/A | 0% |
| Others | 1.3 | 0.5 | 0.5 | 0.2 | -46.4% |
| Total | 13.4 | 13.9 | 26.3 | 25.1 | 23.3% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to Canada in 2022:
- United States (12.7K tons)
- Germany (0.6K tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in Canada
Exports of steel, alloy; ingots and other primary formses from Canada was estimated at 3.6K tons in 2022, picking up by 2.9% compared with the previous year's figure. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 74%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of steel, alloy; ingots and other primary formses soared to $7.4M in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 120% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Steel, Alloy; Ingots and Other Primary Forms in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.3 | 2.3 | 4.6 | 7.4 | 78.6% |
| Ireland | N/A | N/A | 0.1 | N/A | 0% |
| China | N/A | N/A | 0.5 | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 1.4 | 2.4 | 5.3 | 7.4 | 74.2% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from Canada in 2022:
- United States (3.5K tons)
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