Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland (CIF) - 2023
In August 2023, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $749 per ton, flattening at the previous month. In general, the import price showed a mild contraction. The growth pace was the most rapid in February 2023 when the average import price increased by 35% against the previous month. Over the period under review, average import prices reached the maximum at $961 per ton in June 2023; however, from July 2023 to August 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Norway.
From December 2022 to August 2023, the rate of growth in terms of prices for Poland amounted to +3.4% per month.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,395 per ton in 2022, growing by 51% against the previous year. Over the period under review, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 92%. As a result, the export price attained the peak level of $1,691 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($5,436 per ton), while the average price for exports to Estonia ($1,246 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 the Netherlands (+119.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland
Imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Finland expanded remarkably to 127K tons in 2022, surging by 5.3% on the previous year's figure. The total import volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $143M in 2022. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 26.5 | 26.3 | 45.5 | 50.5 | 24.0% |
| Norway | 24.1 | 20.9 | 34.0 | 47.3 | 25.2% |
| Spain | 6.9 | 6.6 | 7.3 | 18.5 | 38.9% |
| Estonia | 2.1 | 1.3 | 1.6 | 6.6 | 46.5% |
| Poland | 1.3 | 1.6 | 4.3 | 5.2 | 58.7% |
| Italy | 0.5 | 0.5 | 1.0 | 4.8 | 112.5% |
| Lithuania | 3.7 | 5.3 | 3.0 | 4.8 | 9.1% |
| Russia | 3.9 | 1.4 | 4.6 | 1.7 | -24.2% |
| Others | 5.2 | 3.9 | 3.8 | 3.8 | -9.9% |
| Total | 74.3 | 67.7 | 105 | 143 | 24.4% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Finland in 2022:
- Germany (46.0K tons)
- Norway (44.2K tons)
- Spain (14.0K tons)
- Estonia (5.7K tons)
- Poland (4.5K tons)
- Italy (4.4K tons)
- Lithuania (3.6K tons)
- Russia (1.8K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland
In 2022, the amount of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses exported from Finland surged to 702 tons, jumping by 214% on the previous year's figure. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $979K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 23.3 | 313 | 18.0 | 660 | 204.8% |
| Estonia | 111 | 368 | 138 | 117 | 1.8% |
| Norway | 16.1 | 67.9 | 20.8 | 102 | 85.0% |
| Lithuania | N/A | N/A | N/A | 97.2 | 0% |
| Others | 57.0 | 8.8 | 30.7 | 3.2 | -61.7% |
| Total | 208 | 757 | 207 | 979 | 67.6% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Finland in 2022:
- Sweden (479.0 tons)
- Estonia (93.5 tons)
- Norway (74.1 tons)
- Lithuania (55.1 tons)
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