Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden (CIF) - 2023
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $822 per ton in August 2023, shrinking by -16.1% against the previous month. Over the period under review, the import price continues to indicate a mild setback. The most prominent rate of growth was recorded in July 2023 an increase of 11% against the previous month. The import price peaked at $980 per ton in April 2023; however, from May 2023 to August 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was the UK ($748 per ton), while the price for Norway amounted to $743 per ton.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,150 per ton, surging by 9.4% against the previous year. In general, the export price, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 19% against the previous year. The export price peaked at $1,789 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($2,444 per ton), while the average price for exports to Lithuania ($891 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 Iceland (+12.1%), 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 Sweden
In 2022, overseas purchases of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -5.3% to 235K tons, falling for the second consecutive year after two years of growth. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 4.4%. As a result, imports reached the peak of 249K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $272M in 2022. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 52.0 | 53.3 | 71.9 | 81.2 | 16.0% |
| Germany | 35.1 | 42.2 | 62.7 | 75.1 | 28.9% |
| United Kingdom | 19.5 | 14.8 | 26.3 | 30.4 | 16.0% |
| Spain | 9.4 | 6.6 | 18.6 | 28.1 | 44.1% |
| Poland | 7.9 | 7.6 | 19.4 | 20.2 | 36.7% |
| Lithuania | 16.9 | 14.4 | 10.1 | 13.2 | -7.9% |
| Latvia | 2.0 | 1.4 | 6.2 | 11.7 | 80.2% |
| Others | 7.0 | 4.4 | 6.9 | 12.1 | 20.0% |
| Total | 150 | 145 | 222 | 272 | 21.9% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Sweden in 2022:
- Norway (75.4K tons)
- Germany (67.1K tons)
- United Kingdom (25.3K tons)
- Spain (24.6K tons)
- Poland (15.4K tons)
- Lithuania (10.3K tons)
- Latvia (8.9K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden
In 2022, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from Sweden soared to 2.5K tons, increasing by 79% compared with the previous year's figure. Overall, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 82%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $2.9M in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 117%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 172 | 113 | 65.1 | 1,261 | 94.3% |
| Lithuania | N/A | 79.3 | 162 | 1,066 | 266.6% |
| Finland | 515 | 290 | 1,079 | 373 | -10.2% |
| Iceland | N/A | N/A | 0.3 | 70.5 | 23400.0% |
| Estonia | 64.0 | 9.1 | N/A | N/A | -85.8% |
| Others | 217 | 182 | 154 | 83.0 | -27.4% |
| Total | 968 | 673 | 1,461 | 2,854 | 43.4% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Sweden in 2022:
- Lithuania (1196.3 tons)
- Norway (975.6 tons)
- Finland (225.4 tons)
- Iceland (46.0 tons)
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