Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Russia - 2022

Contents:

  1. Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Russia (CIF) - 2022
  2. Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Russia (FOB) - 2022
  3. Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Russia
  4. Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Russia

Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Russia (CIF) - 2022

The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $4,056 per ton in 2022, falling by -33.2% against the previous year. Over the period under review, the import price, however, showed a buoyant expansion. The growth pace was the most rapid in 2017 an increase of 143% against the previous year. Over the period under review, average import prices attained the maximum at $6,076 per ton in 2021, and then reduced dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($15,871 per ton), while the price for Kazakhstan ($2,289 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+18.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Russia (FOB) - 2022

In 2022, the average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $3,314 per ton, with a decrease of -9.3% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 18%. Over the period under review, the average export prices attained the peak figure at $6,479 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($3,392 per ton), while the average price for exports to Kazakhstan amounted to $3,014 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+0.8%), while the prices for the other major destinations experienced a decline.

Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Russia

In 2022, purchases abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia increased by 45% to 613 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a abrupt decline.

In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia dropped to $2.5M in 2022. Overall, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 7.2%.

Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Kazakhstan1153248.11,107112.7%
Ukraine3,2241,9321,860779-37.7%
TurkeyN/AN/AN/A2300%
Germany69.270.373.319842.0%
LithuaniaN/A0.45.453.71058.7%
India77.52.30.5N/A-92.0%
Others26669.1625117-23.9%
Total3,7522,3982,5722,485-12.8%

Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Russia in 2022:

  1. Kazakhstan (483.6 tons)
  2. Ukraine (79.3 tons)
  3. Turkey (20.1 tons)
  4. Germany (12.4 tons)
  5. Lithuania (11.4 tons)

Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Russia

In 2022, approx. 2.3K tons of steel, stainless; semi-finished products, other than of rectangular cross-sectia were exported from Russia; increasing by 48% compared with the previous year. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 775% against the previous year. As a result, the exports attained the peak of 3.1K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia skyrocketed to $7.7M in 2022. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 716% against the previous year. As a result, the exports reached the peak of $9.6M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Ukraine0.79.35.56.4109.1%
Kazakhstan0.10.10.11.2128.9%
Italy0.10.1N/AN/A0.0%
Others0.30.10.1N/A-42.3%
Total1.29.65.77.785.8%

Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Russia in 2022:

  1. Ukraine (1898.3 tons)
  2. Kazakhstan (396.9 tons)

Source: IndexBox Market Intelligence Platform

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