Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland - 2024
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland (FOB) - 2024
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland (CIF) - 2024
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland (FOB) - 2024
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $763 per ton in August 2023, shrinking by -8.8% against the previous month. In general, the export price continues to indicate a drastic downturn. As a result, the export price reached the peak level of $1,203 per ton. From February 2023 to August 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Turkey ($1,006 per ton), while the average price for exports to Belgium ($663 per ton) was amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (-2.2%), 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 Switzerland (CIF) - 2024
In August 2023, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $684 per ton, remaining constant against the previous month. In general, the import price recorded a noticeable descent. The pace of growth was the most pronounced in May 2023 when the average import price increased by 3.3% against the previous month. Over the period under review, average import prices reached the maximum at $848 per ton in January 2023; however, from February 2023 to August 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($687 per ton), while the price for France ($643 per ton) was amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Italy (-2.4%), while the prices for the other major suppliers experienced a decline.
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland
In 2022, overseas shipments of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were finally on the rise to reach 441K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports enjoyed 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 skyrocketed to $533M in 2022. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 116%. The exports peaked 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 Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 62.7 | 67.9 | 148 | 253 | 59.2% |
| Italy | 54.2 | 40.7 | 84.4 | 205 | 55.8% |
| Turkey | 6.3 | 3.2 | 11.4 | 33.0 | 73.7% |
| Czech Republic | 3.9 | 4.0 | 8.5 | 15.5 | 58.4% |
| France | 3.4 | 1.4 | 5.1 | 13.9 | 59.9% |
| Others | 6.1 | 5.0 | 6.9 | 12.9 | 28.4% |
| Total | 137 | 122 | 265 | 533 | 57.3% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Switzerland in 2022:
- Italy (209.9K tons)
- Germany (180.8K tons)
- Turkey (21.0K tons)
- Czech Republic (10.7K tons)
- France (10.0K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland
Imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Switzerland surged to 459K tons in 2022, jumping by 61% compared with 2021 figures. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 65% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses surged to $488M in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 57.3 | 77.0 | 139 | 207 | 53.4% |
| France | 35.4 | 27.9 | 65.2 | 168 | 68.0% |
| Italy | 45.0 | 23.7 | 40.9 | 99.4 | 30.2% |
| Spain | 0.6 | 1.3 | 1.9 | 10.3 | 158.0% |
| Others | 1.1 | 0.7 | 1.0 | 2.8 | 36.5% |
| Total | 139 | 131 | 248 | 488 | 52.0% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Switzerland in 2022:
- France (200.0K tons)
- Germany (161.1K tons)
- Italy (89.2K tons)
- Spain (6.9K tons)
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