Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy (FOB) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy (CIF) - 2023
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy (FOB) - 2023
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $645 per ton in August 2023, therefore, remained relatively stable against the previous month. Overall, the export price saw a slight contraction. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 7.7% m-o-m. As a result, the export price reached the peak level of $787 per ton. From May 2023 to August 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major external markets. In August 2023, the highest price was recorded for prices to Switzerland ($776 per ton) and Australia ($724 per ton), while the average price for exports to Kosovo ($618 per ton) and Albania ($618 per ton) were amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-0.2%), while the prices for the other major destinations experienced a decline.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy (CIF) - 2023
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $694 per ton in August 2023, which is down by -16.4% against the previous month. Overall, the import price showed a pronounced descent. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 6.6% month-to-month. Over the period under review, average import prices reached the maximum at $963 per ton in December 2022; however, from January 2023 to August 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were South Korea ($746 per ton) and Malaysia ($664 per ton), while the price for Saudi Arabia ($608 per ton) and Algeria ($658 per ton) were amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (+0.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy
In 2022, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from Italy dropped to 1.2M tons, which is down by -7.5% on the previous year's figure. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. As a result, the exports attained the peak of 1.3M tons, and then reduced in the following year.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses totaled $1.2B in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 97%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 133 | 112 | 227 | 266 | 26.0% |
| Poland | 18.0 | 17.3 | 108 | 147 | 101.4% |
| Germany | 83.1 | 57.9 | 117 | 147 | 20.9% |
| Czech Republic | 29.7 | 21.1 | 70.2 | 82.1 | 40.3% |
| Slovenia | 38.9 | 37.4 | 68.1 | 73.1 | 23.4% |
| Switzerland | 46.5 | 25.3 | 43.2 | 71.1 | 15.2% |
| Hungary | 29.0 | 27.0 | 52.6 | 62.2 | 29.0% |
| Croatia | 25.5 | 19.6 | 40.8 | 54.7 | 29.0% |
| Romania | 25.3 | 39.4 | 56.6 | 53.6 | 28.4% |
| Slovakia | 12.1 | 13.0 | 31.3 | 33.8 | 40.8% |
| France | 8.5 | 6.3 | 22.6 | 30.2 | 52.6% |
| Spain | 4.5 | 28.2 | 28.1 | 24.7 | 76.4% |
| Netherlands | 36.2 | 5.5 | 18.9 | 19.3 | -18.9% |
| Others | 142 | 135 | 187 | 143 | 0.2% |
| Total | 633 | 545 | 1,072 | 1,207 | 24.0% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Italy in 2022:
- Austria (248.7K tons)
- Poland (141.9K tons)
- Germany (140.0K tons)
- Czech Republic (81.8K tons)
- Slovenia (71.2K tons)
- Switzerland (66.1K tons)
- Hungary (62.6K tons)
- Romania (61.4K tons)
- Croatia (55.7K tons)
- Slovakia (34.1K tons)
- France (28.8K tons)
- Spain (23.9K tons)
- Netherlands (18.2K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy
In 2022, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Italy fell to 729K tons, which is down by -9.5% compared with the previous year. The total import volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of 806K tons, and then reduced 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 $825M in 2022. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2021 with an increase of 108%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 62.3 | 51.5 | 167 | 164 | 38.1% |
| Spain | 74.5 | 54.8 | 120 | 129 | 20.1% |
| Switzerland | 53.6 | 40.3 | 84.0 | 110 | 27.1% |
| Czech Republic | 61.4 | 59.0 | 75.1 | 98.5 | 17.1% |
| France | 21.4 | 12.2 | 32.0 | 43.9 | 27.1% |
| Turkey | 8.7 | 9.9 | 22.0 | 43.3 | 70.7% |
| Algeria | N/A | 1.7 | 11.6 | 42.9 | 402.3% |
| Netherlands | 4.4 | 7.4 | 28.5 | 39.9 | 108.5% |
| Poland | 18.8 | 19.3 | 22.6 | 39.3 | 27.9% |
| Egypt | N/A | 6.4 | 12.7 | 24.6 | 96.1% |
| Belgium | 1.4 | 0.5 | 27.7 | 16.8 | 128.9% |
| Tunisia | N/A | N/A | 8.6 | 12.7 | 47.7% |
| Malaysia | N/A | N/A | N/A | 9.0 | 0% |
| Others | 75.5 | 60.7 | 62.9 | 50.4 | -12.6% |
| Total | 382 | 324 | 675 | 825 | 29.3% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Italy in 2022:
- Germany (128.9K tons)
- Spain (105.7K tons)
- Czech Republic (89.9K tons)
- Switzerland (83.0K tons)
- Algeria (47.4K tons)
- Turkey (45.3K tons)
- France (41.0K tons)
- Poland (38.0K tons)
- Netherlands (31.8K tons)
- Egypt (26.6K tons)
- Belgium (16.6K tons)
- Tunisia (14.5K tons)
- Malaysia (11.5K tons)
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