Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore (FOB) - 2023
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore (CIF) - 2022
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,135 per ton in 2022, increasing by 65% against the previous year. Overall, the import price saw a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Oman ($1,228 per ton) and Russia ($1,166 per ton), while the price for Spain ($820 per ton) and China ($949 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+86.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore (FOB) - 2023
In September 2022, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $965 per ton, which is down by -6.1% against the previous month. Over the period under review, the export price showed a abrupt slump. The pace of growth was the most pronounced in July 2022 an increase of 3.8% m-o-m. As a result, the export price attained the peak level of $1,178 per ton. From August 2022 to September 2022, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In September 2022, the highest price was recorded for prices to Hong Kong SAR ($1,091 per ton) and Australia ($1,034 per ton), while the average price for exports to Malaysia ($785 per ton) and Indonesia ($894 per ton) were amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-2.6%), 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 Singapore
In 2022, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Singapore shrank to 699K tons, declining by -12.1% against the previous year. Over the period under review, imports, however, recorded a significant expansion. The growth pace was the most rapid in 2021 with an increase of 374%. As a result, imports reached the peak of 795K tons, and then contracted in the following year.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $793M in 2022. In general, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 556%. 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 Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 5.7 | 1.9 | 15.7 | 220 | 237.9% |
| Vietnam | N/A | N/A | 0.2 | 213 | 106400.0% |
| Turkey | 70.0 | 34.7 | 199 | 133 | 23.9% |
| Indonesia | N/A | N/A | 12.8 | 53.2 | 315.6% |
| India | 0.2 | 4.5 | 152 | 49.3 | 527.0% |
| Russia | N/A | 0.2 | N/A | 47.2 | 1436.2% |
| Oman | N/A | N/A | 40.7 | 45.2 | 11.1% |
| China | 49.6 | 7.0 | 51.4 | 6.0 | -50.5% |
| United Arab Emirates | N/A | 11.8 | 33.7 | 0.6 | -77.5% |
| Others | 51.7 | 23.1 | 40.1 | 25.6 | -20.9% |
| Total | 177 | 83.1 | 545 | 793 | 64.9% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Singapore in 2022:
- Malaysia (189.7K tons)
- Vietnam (187.7K tons)
- Turkey (123.5K tons)
- India (46.8K tons)
- Indonesia (46.2K tons)
- Russia (40.4K tons)
- Oman (36.8K tons)
- China (6.4K tons)
- United Arab Emirates (0.5K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Singapore
In 2022, shipments abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -6.8% to 117K tons, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 227%. As a result, the exports reached the peak of 140K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $145M in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 168% against the previous year. Over the period under review, the exports of reached the peak figure 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 Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 16.6 | 15.8 | 41.0 | 58.2 | 51.9% |
| Malaysia | 0.3 | 15.1 | 28.5 | 40.5 | 413.0% |
| Indonesia | 3.2 | 3.1 | 5.1 | 12.2 | 56.2% |
| Brunei Darussalam | 0.2 | 0.3 | 2.7 | 11.2 | 282.6% |
| Hong Kong SAR | N/A | 0.6 | 3.9 | 11.1 | 330.1% |
| Canada | 3.3 | 5.3 | N/A | 5.3 | 17.1% |
| Mauritius | N/A | 0.3 | 1.1 | 3.2 | 226.6% |
| China | 0.2 | 16.6 | 0.8 | N/A | 100.0% |
| Others | 1.7 | 11.3 | 11.8 | 3.7 | 29.6% |
| Total | 25.5 | 68.3 | 94.8 | 145 | 78.5% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Singapore in 2022:
- Australia (45.8K tons)
- Malaysia (35.0K tons)
- Hong Kong SAR (9.0K tons)
- Indonesia (8.9K tons)
- Brunei Darussalam (6.9K tons)
- Canada (6.6K tons)
- Mauritius (2.7K tons)
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