Price for Iron and Non-Alloy Steel in Ingot in Italy - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Italy (CIF) - 2023
- Price for Iron and Non-Alloy Steel in Ingot in Italy (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Italy
- Exports of Iron and Non-Alloy Steel in Ingot in Italy
Price for Iron and Non-Alloy Steel in Ingot in Italy (CIF) - 2023
The average import price for iron and non-alloy steel in ingots stood at $798 per ton in September 2023, waning by -1.9% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 31% m-o-m. As a result, import price reached the peak level of $1,139 per ton. From July 2023 to September 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for India.
From September 2022 to September 2023, the rate of growth in terms of prices for India amounted to -0.3% per month.
Price for Iron and Non-Alloy Steel in Ingot in Italy (FOB) - 2022
In 2022, the average export price for iron and non-alloy steel in ingots amounted to $1,327 per ton, growing by 26% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($1,678 per ton), while the average price for exports to Turkey ($1,051 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 France (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Non-Alloy Steel in Ingot in Italy
In 2022, approx. 228K tons of iron and non-alloy steel in ingots were imported into Italy; jumping by 416% on the year before. Over the period under review, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 2,189%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of iron and non-alloy steel in ingots skyrocketed to $189M in 2022. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 504%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Iron and Non-Alloy Steel in Ingot in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | 7.9 | 180 | 2178.5% |
| Germany | 2.3 | 1.9 | 1.4 | 2.4 | 1.4% |
| Poland | 1.9 | 1.2 | 1.0 | 2.1 | 3.4% |
| Bulgaria | N/A | N/A | 2.9 | 0.3 | -89.7% |
| Croatia | 0.5 | N/A | 14.0 | N/A | 429.2% |
| Others | 3.5 | 2.1 | 4.3 | 4.2 | 6.3% |
| Total | 8.1 | 5.2 | 31.5 | 189 | 185.8% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Italy in 2022:
- India (77.1K tons)
- Poland (1.8K tons)
- Germany (1.8K tons)
- Bulgaria (0.9K tons)
Exports of Iron and Non-Alloy Steel in Ingot in Italy
In 2022, approx. 21K tons of iron and non-alloy steel in ingots were exported from Italy; falling by -50.4% against 2021. In general, exports showed a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 124% against the previous year. As a result, the exports reached the peak of 42K tons, and then declined remarkably in the following year.
In value terms, exports of iron and non-alloy steel in ingots contracted dramatically to $28M in 2022. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 116%. As a result, the exports reached the peak of $45M, and then fell dramatically in the following year.
| Export of Iron and Non-Alloy Steel in Ingot in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 10.5 | 10.6 | 22.7 | 17.3 | 18.1% |
| Tunisia | 1.7 | 1.2 | 2.7 | 2.9 | 19.5% |
| France | 2.9 | 2.6 | 1.7 | 2.5 | -4.8% |
| Germany | 1.1 | 1.9 | 4.3 | 1.1 | 0.0% |
| Brazil | N/A | N/A | 1.3 | 1.0 | -23.1% |
| Turkey | N/A | N/A | 0.1 | 0.8 | 700.0% |
| Romania | 1.1 | 1.3 | 3.6 | 0.4 | -28.6% |
| Czech Republic | 0.6 | 0.2 | 5.1 | 0.4 | -12.6% |
| Others | 3.1 | 2.8 | 3.3 | 1.4 | -23.3% |
| Total | 21.0 | 20.6 | 44.6 | 27.9 | 9.9% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Italy in 2022:
- Spain (14.8K tons)
- Tunisia (1.8K tons)
- France (1.5K tons)
- Brazil (0.8K tons)
- Turkey (0.8K tons)
- Germany (0.8K tons)
- Romania (0.3K tons)
- Czech Republic (0.3K tons)
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