Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Luxembourg - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Luxembourg (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Luxembourg (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Luxembourg
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Luxembourg
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Luxembourg (CIF) - 2023
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $719 per ton in July 2023, reducing by -8.2% against the previous month. Overall, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 8.1% month-to-month. The import price peaked at $869 per ton in December 2022; however, from January 2023 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Germany ($713 per ton), while the price for France stood at $693 per ton.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Germany (-0.4%), 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 Luxembourg (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $374 per ton in 2022, shrinking by -31.6% against the previous year. Over the period under review, the export price continues to indicate a deep setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices hit record highs at $1,064 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($1,049 per ton), while the average price for exports to Belgium ($361 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 Germany (+2.3%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Luxembourg
In 2022, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Luxembourg dropped sharply to 30K tons, which is down by -61.9% compared with the previous year. In general, imports faced a sharp setback. The smallest decline of -9% was in 2020.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses reduced rapidly to $30M in 2022. Overall, imports saw a sharp contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 4.7% against the previous year.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 36.5 | 37.9 | 40.4 | 19.1 | -19.4% |
| France | 23.7 | 12.6 | 15.8 | 9.1 | -27.3% |
| Poland | 4.4 | 7.2 | 3.7 | 1.3 | -33.4% |
| Others | 1.9 | 0.4 | 0.8 | 0.8 | -25.0% |
| Total | 66.6 | 58.1 | 60.8 | 30.3 | -23.1% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Luxembourg in 2022:
- Germany (19.2K tons)
- France (8.8K tons)
- Poland (1.3K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Luxembourg
In 2022, the amount of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses exported from Luxembourg fell dramatically to 567 tons, declining by -41.6% against 2021 figures. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 767% against the previous year. As a result, the exports attained the peak of 970 tons, and then contracted significantly in the following year.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses fell remarkably to $212K in 2022. Over the period under review, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 346% against the previous year. As a result, the exports reached the peak of $531K, and then declined sharply in the following year.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 66.5 | 73.1 | 150 | 155 | 32.6% |
| France | 14.6 | 10.4 | 354 | 56.8 | 57.3% |
| Germany | 6.1 | 8.0 | 26.5 | N/A | 108.4% |
| Poland | 64.2 | 27.5 | N/A | N/A | -57.2% |
| Others | 26.3 | N/A | N/A | N/A | 0% |
| Total | 178 | 119 | 531 | 212 | 6.0% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Luxembourg in 2022:
- Belgium (430.0 tons)
- France (136.7 tons)
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