Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK - 2024
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK (FOB) - 2024
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK (CIF) - 2024
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK (FOB) - 2024
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $958 per ton in June 2023, growing by 8.7% against the previous month. Over the period from January 2023 to June 2023, it increased at an average monthly rate of +1.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In June 2023, the highest price was recorded for prices to Turkey ($969 per ton) and Sweden ($934 per ton), while the average price for exports to Ireland ($718 per ton) and the Netherlands ($756 per ton) were amongst the lowest.
From January 2023 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK (CIF) - 2024
In June 2023, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,693 per ton, surging by 71% against the previous month. Overall, the import price showed a buoyant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($1,261 per ton), while the price for Belgium ($732 per ton) was amongst the lowest.
From January 2023 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK
In 2022, shipments abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -14.1% to 274K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 8.9%. As a result, the exports reached the peak of 546K 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 contracted to $298M in 2022. Overall, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, the exports reached the peak of $347M, and then shrank in the following year.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 59.6 | 51.8 | 64.0 | 44.2 | -9.5% |
| Italy | 40.3 | 31.4 | 51.8 | 38.6 | -1.4% |
| Turkey | 35.3 | 20.7 | 21.8 | 26.4 | -9.2% |
| Sweden | 15.0 | 8.7 | 26.6 | 24.6 | 17.9% |
| Czech Republic | 10.4 | 8.6 | 19.3 | 24.2 | 32.5% |
| Poland | 8.6 | 8.8 | 10.7 | 24.2 | 41.2% |
| Belgium | 28.5 | 40.0 | 21.5 | 23.4 | -6.4% |
| United States | 13.7 | 4.0 | 12.9 | 14.3 | 1.4% |
| Ireland | 19.4 | 14.3 | 19.6 | 12.6 | -13.4% |
| Spain | 18.1 | 15.2 | 17.2 | 11.5 | -14.0% |
| Hungary | 4.1 | 1.7 | 5.9 | 11.4 | 40.6% |
| Slovakia | 1.4 | 0.5 | 0.7 | 7.5 | 75.0% |
| Netherlands | 23.6 | 31.4 | 11.6 | 7.4 | -32.1% |
| Others | 59.0 | 57.9 | 63.4 | 28.1 | -21.9% |
| Total | 337 | 295 | 347 | 298 | -4.0% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from the UK in 2022:
- Germany (40.4K tons)
- Italy (33.6K tons)
- Czech Republic (25.6K tons)
- Turkey (23.5K tons)
- Poland (22.2K tons)
- Belgium (21.8K tons)
- Sweden (21.6K tons)
- Ireland (13.1K tons)
- United States (11.3K tons)
- Netherlands (9.7K tons)
- Hungary (9.5K tons)
- Spain (9.3K tons)
- Slovakia (6.3K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK
In 2022, approx. 211K tons of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were imported into the UK; which is down by -3.5% compared with the year before. Overall, imports saw a perceptible setback. The growth pace was the most rapid in 2021 when imports increased by 7.5% against the previous year.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses declined modestly to $182M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 67%. As a result, imports attained the peak of $185M, and then dropped modestly in the following year.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 40.0 | 36.2 | 64.7 | 61.4 | 15.4% |
| Portugal | 39.4 | 32.5 | 50.2 | 53.2 | 10.5% |
| Spain | 28.8 | 17.8 | 8.2 | 17.5 | -15.3% |
| Turkey | 3.0 | N/A | 5.7 | 16.1 | 75.1% |
| Czech Republic | 18.8 | 13.4 | 12.6 | 12.3 | -13.2% |
| France | 5.9 | 2.9 | 10.5 | 9.3 | 16.4% |
| Italy | 5.0 | 4.3 | 7.9 | 7.2 | 12.9% |
| Others | 1.5 | 3.6 | 25.5 | 5.3 | 52.3% |
| Total | 142 | 111 | 185 | 182 | 8.6% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to the UK in 2022:
- Portugal (70.0K tons)
- Germany (66.4K tons)
- Turkey (18.9K tons)
- Czech Republic (17.0K tons)
- Spain (15.5K tons)
- France (10.3K tons)
- Italy (8.7K tons)
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