United Kingdom - Flat-Rolled Products Of Iron Or Steel (Not Further Worked Than Hot-Rolled) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHot-Rolled Steel Products Price in the UK - 2023
Contents:
- Hot-Rolled Steel Products Price in the UK (CIF) - 2022
- Hot-Rolled Steel Products Price in the UK (FOB) - 2022
- Hot-Rolled Steel Products Imports in the UK
- Hot-Rolled Steel Products Exports in the UK
Hot-Rolled Steel Products Price in the UK (CIF) - 2022
In 2022, the average hot-rolled steel products import price amounted to $1,335 per ton, picking up by 24% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled steel products import price increased by +76.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 42%. The import price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($2,095 per ton), while the price for Taiwan (Chinese) ($1,018 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Hot-Rolled Steel Products Price in the UK (FOB) - 2022
The average hot-rolled steel products export price stood at $1,078 per ton in 2022, increasing by 2.4% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hot-rolled steel products export price increased by +89.6% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 85% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($2,276 per ton), while the average price for exports to Turkey ($740 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.
Hot-Rolled Steel Products Imports in the UK
In 2022, approx. 992K tons of flat-rolled products of iron or steel (not further worked than hot-rolled) were imported into the UK; reducing by -4.9% compared with the previous year's figure. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 28%.
In value terms, hot-rolled steel products imports soared to $1.3B in 2022. In general, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 81% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Hot-Rolled Steel Products in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 149 | 77.4 | 77.4 | 210 | 12.1% |
| Sweden | 128 | 94.9 | 161 | 170 | 9.9% |
| Netherlands | 167 | 71.8 | 124 | 160 | -1.4% |
| Germany | 96.8 | 88.2 | 115 | 151 | 16.0% |
| Finland | 46.5 | 38.8 | 69.1 | 108 | 32.4% |
| India | 0.1 | 10.7 | 128 | 77.6 | 818.9% |
| Turkey | 50.8 | 5.7 | 49.1 | 71.2 | 11.9% |
| Spain | 40.9 | 21.5 | 59.6 | 68.2 | 18.6% |
| South Korea | 25.2 | 26.2 | 71.5 | 63.1 | 35.8% |
| Taiwan (Chinese) | 21.3 | 11.2 | 31.9 | 44.9 | 28.2% |
| Denmark | 24.6 | 15.1 | 38.4 | 38.3 | 15.9% |
| France | 60.6 | 34.3 | 39.8 | 34.1 | -17.4% |
| Italy | 22.4 | 6.4 | 14.6 | 25.3 | 4.1% |
| Others | 136 | 116 | 139 | 102 | -9.1% |
| Total | 970 | 618 | 1,118 | 1,324 | 10.9% |
Top Suppliers of Hot-Rolled Steel Products to the UK in 2022:
- Belgium (181.9K tons)
- Netherlands (130.0K tons)
- Germany (127.9K tons)
- Sweden (110.7K tons)
- India (64.4K tons)
- South Korea (60.5K tons)
- Turkey (55.0K tons)
- Finland (51.4K tons)
- Taiwan (Chinese) (44.1K tons)
- Spain (35.1K tons)
- Denmark (26.0K tons)
- Italy (24.5K tons)
- France (22.9K tons)
Hot-Rolled Steel Products Exports in the UK
In 2022, hot-rolled steel products exports from the UK surged to 630K tons, growing by 20% compared with 2021 figures. In general, exports, however, showed a perceptible downturn.
In value terms, hot-rolled steel products exports surged to $680M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Hot-Rolled Steel Products in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 78.5 | 66.9 | 37.6 | 127 | 17.4% |
| Spain | 77.9 | 53.9 | 77.1 | 81.9 | 1.7% |
| Netherlands | 32.4 | 29.0 | 58.4 | 79.7 | 35.0% |
| Ireland | 90.1 | 74.6 | 136 | 65.6 | -10.0% |
| France | 28.9 | 23.7 | 29.2 | 55.7 | 24.4% |
| Sweden | 23.4 | 26.2 | 49.0 | 51.4 | 30.0% |
| Germany | 27.8 | 26.6 | 37.3 | 36.3 | 9.3% |
| Belgium | 7.9 | 8.7 | 18.9 | 24.8 | 46.4% |
| Italy | 17.6 | 27.3 | 1.5 | 15.7 | -3.7% |
| Poland | 9.9 | 8.8 | 11.3 | 14.3 | 13.0% |
| Portugal | 30.9 | 23.8 | 18.6 | 11.8 | -27.4% |
| Others | 58.7 | 91.1 | 77.7 | 115 | 25.1% |
| Total | 484 | 461 | 553 | 680 | 12.0% |
Top Export Markets for Hot-Rolled Steel Products from the UK in 2022:
- Turkey (172.0K tons)
- Spain (82.0K tons)
- Netherlands (72.0K tons)
- France (48.8K tons)
- Ireland (45.8K tons)
- Sweden (43.6K tons)
- Belgium (25.7K tons)
- Italy (19.3K tons)
- Germany (18.2K tons)
- Poland (18.0K tons)
- Portugal (11.7K tons)
This report provides an in-depth analysis of the hot-rolled steel products market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24103110 - Flat-rolled products of iron or non-alloy steel, of a width . .600 mm, simply hot-rolled, not clad, plated or coated, in coils
- Prodcom 24103130 - Flat-rolled products of iron or non-alloy steel, of a width . .600 mm, not in coils, simply hot-rolled, not clad, plated or coated, w ith patterns in relief directly due to the rolling process and products of a thickness < 4,75 mm, without patterns in relief
- Prodcom 24103150 - Flat-rolled products, of iron or non-alloy steel, of a width . .600 mm (excluding
- Prodcom 24103210 - Flat-rolled products of iron or non-alloy steel, simply hot-rolled on four faces or in a closed box pass, not clad, plated or coated, of a width of > .150 mm but < .600 mm and a thickness of . 4 mm, not in coils, without patterns in relief, commonly
- Prodcom 24103230 - Flat-rolled products of iron or non-alloy steel, of a width < .600 mm, simply hot-rolled, not clad, plated or coated (excluding
- Prodcom 24103330 - Plates and sheets produced by cutting from hot-rolled wide strip of a width of .600 mm or more, of stainless steel
- Prodcom 24103340 - Plates and sheets produced on a reversing mill (quarto) of a width of .600 mm or more and wide flats, of stainless steel
- Prodcom 241033Z0 - Hot-rolled flat products in coil of a width . .600 mm, of stainless steel
- Prodcom 241034Z0 - Hot-rolled flat products in coil of a width < .600 mm, of stainless steel
- Prodcom 24103510 - Flat-rolled products, of tool steel or alloy steel other than stainless steel, of a width . .600 mm, not further worked than hot-rolled, in coils (excluding products of high-speed or siliconelectrical steel)
- Prodcom 24103520 - Flat-rolled products of high-speed steel, of a width . .600 mm, h ot-rolled or cold-rolled
- Prodcom 24103530 - Flat-rolled products, of tool steel or alloy steel other than stainless steel, of a width . .600 mm, not further worked than hot-rolled, not in coils (excluding organic coated products, p roducts of a thickness < 4,75 mm and products of high-
- Prodcom 24103540 - Flat-rolled products of alloy steel other than stainless, of a width . .600 mm, not further worked than hot-rolled, not in coils, of a thickness of < 4,75 mm (excluding products of tool steel, high-speed steel or silicon-electrical steel)
- Prodcom 24103600 - Flat-rolled products of alloy steel other than stainless, of a width of < .600 mm, not further worked than hot-rolled (excluding products of high-speed steel or silicon-electrical steel)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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