Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina (CIF) - 2023
In June 2023, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,078 per ton, with an increase of 23% against the previous month. In general, the import price, however, recorded a slight setback. Over the period under review, average import prices hit record highs at $1,157 per ton in December 2022; however, from January 2023 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Brazil ($1,167 per ton), while the price for Chile ($900 per ton) was amongst the lowest.
From December 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Russia (0.0%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $542 per ton in 2022, shrinking by -38.2% against the previous year. In general, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 when the average export price increased by 164% against the previous year. As a result, the export price reached the peak level of $877 per ton, and then contracted sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($717 per ton), while the average price for exports to Colombia ($350 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 Brazil (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina
In 2022, after three years of growth, there was decline in purchases abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses, when their volume decreased by -4.9% to 65K tons. Overall, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 141% against the previous year. As a result, imports attained the peak of 69K tons, and then fell in the following year.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $69M in 2022. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 216%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 11.1 | 13.0 | 28.6 | 52.7 | 68.1% |
| Turkey | 1.8 | 1.4 | 7.0 | 11.9 | 87.7% |
| Chile | 0.6 | 1.0 | 1.2 | 1.1 | 22.4% |
| Russia | N/A | N/A | 16.6 | N/A | 0% |
| Others | 1.8 | 2.1 | 2.0 | 3.3 | 22.4% |
| Total | 15.3 | 17.5 | 55.3 | 69.0 | 65.2% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Argentina in 2022:
- Brazil (50.2K tons)
- Turkey (11.3K tons)
- Chile (0.9K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina
In 2022, overseas shipments of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses increased by 30% to 73K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a abrupt downturn.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses plummeted to $40M in 2022. In general, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2021 with an increase of 64% against the previous year.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 13.8 | 5.4 | 11.8 | 8.6 | -14.6% |
| Dominican Republic | 17.7 | 10.5 | 8.9 | 7.6 | -24.6% |
| Uruguay | 4.6 | 3.7 | 7.2 | 6.4 | 11.6% |
| Chile | 2.2 | 2.2 | 2.9 | 5.5 | 35.7% |
| Bolivia | 20.3 | 4.2 | 15.0 | 4.8 | -38.2% |
| Brazil | 2.6 | 0.8 | 0.9 | 3.7 | 12.5% |
| Colombia | 6.6 | 1.8 | 2.1 | 2.4 | -28.6% |
| Others | 1.5 | 1.5 | 0.6 | 0.6 | -26.3% |
| Total | 69.3 | 30.0 | 49.3 | 39.7 | -16.9% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Argentina in 2022:
- Dominican Republic (21.0K tons)
- Paraguay (12.5K tons)
- Uruguay (11.1K tons)
- Chile (7.6K tons)
- Bolivia (7.3K tons)
- Colombia (7.0K tons)
- Brazil (5.2K tons)
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