Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the Netherlands - 2023
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the Netherlands (CIF) - 2023
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the Netherlands (FOB) - 2023
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the Netherlands
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the Netherlands
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the Netherlands (CIF) - 2023
In November 2023, the average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $6,042 per ton, growing by 21% against the previous month. Over the period under review, the import price, however, recorded a pronounced decline. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 65% m-o-m. Over the period under review, average import prices hit record highs at $14,203 per ton in September 2023; however, from October 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the UK ($17,843 per ton), while the price for China ($2,359 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the UK (+7.0%), 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 the Netherlands (FOB) - 2023
In November 2023, the average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $12,233 per ton, with an increase of 115% against the previous month. Overall, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in September 2023 an increase of 123% against the previous month. The export price peaked at $40,900 per ton in April 2023; however, from May 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Norway ($180K per ton), while the average price for exports to Bosnia and Herzegovina ($13,918 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+45.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the Netherlands
In 2022, the amount of steel, stainless; semi-finished products, other than of rectangular cross-sectia imported into the Netherlands rose to 2K tons, with an increase of 4.9% compared with 2021. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 369% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $13M in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 108%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.7 | 1.1 | 4.2 | 5.9 | 29.8% |
| Germany | 1.8 | 1.5 | 1.8 | 1.4 | -8.0% |
| Austria | N/A | N/A | N/A | 1.3 | 0% |
| China | 0.4 | 0.5 | 1.0 | 1.3 | 48.1% |
| Poland | 0.2 | 1.6 | 1.4 | 0.9 | 65.1% |
| United Kingdom | 0.2 | 0.5 | 0.5 | 0.3 | 14.5% |
| Others | 0.6 | 0.8 | 3.4 | 1.4 | 32.6% |
| Total | 5.8 | 6.0 | 12.4 | 12.6 | 29.5% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to the Netherlands in 2022:
- India (1546.8 tons)
- Austria (128.7 tons)
- Germany (121.4 tons)
- China (81.6 tons)
- Poland (52.2 tons)
- United Kingdom (18.4 tons)
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the Netherlands
In 2022, shipments abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia increased by 35% to 508 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a precipitous curtailment.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia soared to $9.4M in 2022. Over the period under review, exports, however, continue to indicate a deep contraction.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the Netherlands (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4,137 | 2,502 | 2,092 | 3,415 | -6.2% |
| Poland | 793 | 802 | 43.9 | 1,289 | 17.6% |
| Belgium | 1,619 | 641 | 1,403 | 1,224 | -8.9% |
| Sweden | 16.1 | 98.1 | 177 | 554 | 225.3% |
| China | 109 | 61.0 | 26.4 | 504 | 66.6% |
| United Kingdom | 1,398 | 153 | 302 | 405 | -33.8% |
| Denmark | 181 | 197 | 142 | 378 | 27.8% |
| Spain | 1,132 | 3.5 | 428 | 139 | -50.3% |
| Others | 2,758 | 1,691 | 1,230 | 1,447 | -19.3% |
| Total | 12,142 | 6,150 | 5,844 | 9,355 | -8.3% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from the Netherlands in 2022:
- Germany (177.0 tons)
- Belgium (80.5 tons)
- China (54.0 tons)
- Poland (48.4 tons)
- United Kingdom (26.3 tons)
- Sweden (25.3 tons)
- Denmark (18.2 tons)
- Spain (13.0 tons)
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