Price for Iron and Non-Alloy Steel in Ingot in Singapore - 2022
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Singapore (CIF) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Singapore
Price for Iron and Non-Alloy Steel in Ingot in Singapore (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $2,480 per ton in 2022, increasing by 43% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 66%. Over the period under review, average import prices hit record highs at $2,641 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($8,852 per ton), while the price for Indonesia ($867 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Iron and Non-Alloy Steel in Ingot in Singapore
In 2022, supplies from abroad of iron and non-alloy steel in ingots was finally on the rise to reach 1.7K tons after two years of decline. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron and non-alloy steel in ingots surged to $4.3M in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron and Non-Alloy Steel in Ingot in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 0.2 | N/A | N/A | 2,971 | 2358.2% |
| China | 397 | 194 | 85.4 | 669 | 19.0% |
| Taiwan (Chinese) | 51.2 | 42.0 | 34.2 | 157 | 45.3% |
| Malaysia | 379 | 236 | 4.0 | 139 | -28.4% |
| Japan | 65.3 | 10.4 | 101 | 115 | 20.8% |
| Indonesia | 0.2 | 22.6 | 8.2 | 61.7 | 575.7% |
| Others | 195 | 134 | 290 | 208 | 2.2% |
| Total | 1,087 | 639 | 523 | 4,320 | 58.4% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Singapore in 2022:
- Vietnam (1374.8 tons)
- China (283.6 tons)
- Malaysia (159.5 tons)
- Taiwan (Chinese) (134.4 tons)
- Indonesia (71.1 tons)
- Japan (34.2 tons)
468
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Singapore.
286
This report provides an in-depth analysis of the non-alloy steel ingot market in Singapore.
571
This report provides an in-depth analysis of the iron and steel market in Singapore.
4690
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
466
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
1062
This report provides an in-depth analysis of the global iron and steel market.
468
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Singapore.
286
This report provides an in-depth analysis of the non-alloy steel ingot market in Singapore.
4690
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
466
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
216
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2370
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
766
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1075
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
806
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
767
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
157
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
216
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2370
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
766
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
