Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico (FOB) - 2023
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico (FOB) - 2023
In January 2023, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $9,328 per ton, remaining relatively unchanged against the previous month. In general, the export price recorded a prominent expansion. The pace of growth was the most pronounced in July 2022 an increase of 20% against the previous month. Over the period under review, the average export prices attained the maximum at $25,364 per ton in October 2022; however, from November 2022 to January 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Guatemala.
From June 2022 to January 2023, the rate of growth in terms of prices for Guatemala amounted to -2.0% per month.
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Mexico
In 2022, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from Mexico skyrocketed to 249K tons, jumping by 454% against the previous year's figure. Overall, exports continue to indicate significant growth. 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 soared to $241M in 2022. In general, exports showed prominent growth. 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 Mexico (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 8.2 | 20.6 | 68.6 | 231 | 204.3% |
Guatemala | 31.4 | 18.0 | 18.5 | 10.0 | -31.7% |
Colombia | 105 | 62.5 | N/A | N/A | -40.5% |
El Salvador | 23.5 | N/A | N/A | N/A | 0% |
Others | 7.8 | N/A | N/A | N/A | 0% |
Total | 176 | 101 | 87.1 | 241 | 11.0% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Mexico in 2022:
- United States (242.1K tons)
- Guatemala (6.4K tons)
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