Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United States - 2023

Contents:

1. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United States (CIF) - 2022
2. Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United States (FOB) - 2022
3. Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United States
4. Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United States

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United States (CIF) - 2022

In 2022, the average import price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses amounted to $1,314 per ton, increasing by 5.7% against the previous year. Overall, the import price, however, saw a slight contraction. The growth pace was the most rapid in 2020 when the average import price increased by 20%. The import price peaked at $1,563 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Italy ($3,135 per ton), while the price for Denmark ($1,235 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United States (FOB) - 2022

The average export price for iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses stood at $95 per ton in 2022, reducing by -2.2% against the previous year. Over the period under review, the export price recorded a noticeable slump. The growth pace was the most rapid in 2017 an increase of 289%. The export price peaked at $353 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($392 per ton), while the average price for exports to Canada totaled $88 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+23.9%), while the prices for the other major destinations experienced a decline.

Imports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United States

After three years of growth, overseas purchases of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses decreased by -40.8% to 388 tons in 2022. In general, imports, however, saw a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 71%. As a result, imports attained the peak of 656 tons, and then contracted significantly in the following year.

In value terms, imports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses fell markedly to $510K in 2022. Overall, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 69%. As a result, imports reached the peak of $816K, and then fell dramatically in the following year.

Top Suppliers of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms to the United States in 2022:

1. Denmark (353.5 tons)
2. Vietnam (19.0 tons)
3. Italy (14.0 tons)

Exports of Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms in the United States

In 2022, overseas shipments of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses decreased by -16% to 2.2K tons, falling for the second year in a row after two years of growth. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 1,681%. As a result, the exports reached the peak of 16K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of iron; alloy pig iron, spiegeleisen, in pigs, blocks or other primary formses fell rapidly to $209K in 2022. Over the period under review, exports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 106%. As a result, the exports attained the peak of $396K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Iron; Alloy Pig Iron, Spiegeleisen, in Pigs, Blocks or Other Primary Forms from the United States in 2022:

1. Canada (2158.0 tons)
2. Taiwan (Chinese) (40.0 tons)

Source: IndexBox Market Intelligence Platform