Iron and Steel Railway Construction Materials Prices in the United States

U.S. Iron and Steel Railway Construction Materials Export Price per Ton in August 2022

In August 2022, the iron and steel railway construction materials price per ton stood at $1.6K (FOB, US), picking up by 2% against the previous month. Over the period from January 2022 to August 2022, it increased at an average monthly rate of +2.7%. The most prominent rate of growth was recorded in June 2022 an increase of 13% against the previous month. As a result, the export price attained the peak level of $1.7K per ton. From July 2022 to August 2022, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In August 2022, the country with the highest price was Colombia ($1.9K per ton), while the average price for exports to Mexico ($1.4K per ton) was amongst the lowest.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

U.S. Iron and Steel Railway Construction Materials Exports

In August 2022, overseas shipments of railway or tramway track construction material of iron or steel were finally on the rise to reach 21K tons after three months of decline. Over the period under review, total exports indicated a perceptible expansion from January 2022 to August 2022: its volume increased at an average monthly rate of +2.3% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, exports increased by +27.0% against July 2022 indices. The most prominent rate of growth was recorded in April 2022 with an increase of 86% m-o-m. As a result, the exports attained the peak of 24K tons. From May 2022 to August 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of railway or tramway track construction material of iron or steel surged to $35M (IndexBox estimates) in August 2022. In general, total exports indicated a buoyant increase from January 2022 to August 2022: its value increased at an average monthly rate of +5.1% over the last seven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2022 figures, exports increased by +29.5% against July 2022 indices. The most prominent rate of growth was recorded in April 2022 when exports increased by 59% against the previous month.

U.S. Iron and Steel Railway Construction Materials Exports by Country

Canada (13K tons) was the main destination for exports of railway or tramway track construction material of iron or steel from the United States, with a 61% share of total exports. Moreover, exports of railway or tramway track construction material of iron or steel to Canada exceeded the volume sent to the second major destination, Mexico (5.7K tons), twofold.

From January 2022 to August 2022, the average monthly growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (+2.9% per month) and Colombia (+233.7% per month).

In value terms, Canada ($21M) remains the key foreign market for iron and steel railway construction materials exports from the United States, comprising 62% of total exports. The second position in the ranking was held by Mexico ($7.8M), with a 22% share of total exports.

From January 2022 to August 2022, the average monthly growth rate of value to Canada amounted to +2.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Mexico (+4.9% per month) and Colombia (+94.1% per month).

Source: IndexBox Market Intelligence Platform