Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in China - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in China (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in China (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in China
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in China
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in China (CIF) - 2022
The average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $593 per ton in 2022, waning by -30.9% against the previous year. Over the period under review, the import price, however, saw a notable increase. The most prominent rate of growth was recorded in 2021 an increase of 173%. As a result, import price attained the peak level of $858 per ton, and then fell markedly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($2,481 per ton), while the price for Germany ($415 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in China (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $885 per ton in 2022, dropping by -11.4% against the previous year. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 24%. The export price peaked at $1,068 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($944 per ton), while the average price for exports to the United States ($823 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 Australia (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in China
In 2022, purchases abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s was finally on the rise to reach 2K tons after two years of decline. In general, imports, however, saw a sharp descent.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s fell rapidly to $1.2M in 2022. Over the period under review, imports, however, showed a significant decline. The smallest decline of -15% was in 2021.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic People's Republic of Korea | 2,153 | 703 | N/A | 791 | -28.4% |
| Japan | 465 | 323 | 244 | 413 | -3.9% |
| United Arab Emirates | N/A | 768 | 1,262 | N/A | 64.3% |
| Others | 48.1 | 118 | 119 | 3.5 | -58.3% |
| Total | 2,666 | 1,912 | 1,625 | 1,208 | -23.2% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to China in 2022:
- Democratic People's Republic of Korea (1861.0 tons)
- Japan (166.6 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in China
In 2022, approx. 1K tons of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s were exported from China; increasing by 20% compared with the previous year. Overall, exports recorded a relatively flat trend pattern.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s expanded significantly to $896K in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 286 | 691 | 391 | 469 | 17.9% |
| Australia | 320 | 200 | 355 | 349 | 2.9% |
| Japan | 61.3 | 23.1 | 60.4 | 59.5 | -1.0% |
| United Arab Emirates | 162 | N/A | N/A | N/A | 0% |
| Others | 65.8 | 31.9 | 39.7 | 19.0 | -33.9% |
| Total | 896 | 946 | 846 | 896 | 0.0% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from China in 2022:
- United States (569.3 tons)
- Australia (372.9 tons)
- Japan (63.0 tons)
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