Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Finland - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Finland (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Finland (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Finland
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Finland
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Finland (CIF) - 2023
In August 2023, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $12,493 per ton, which is down by -7.3% against the previous month. Over the period under review, import price indicated a tangible expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s increased by +142.3% against May 2023 indices. The most prominent rate of growth was recorded in July 2023 an increase of 85% m-o-m. As a result, import price reached the peak level of $13,480 per ton, and then reduced in the following month.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Estonia ($16,703 per ton), while the price for Italy stood at $6,991 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Finland (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $14,953 per ton, picking up by 9.9% against the previous year. Overall, the export price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2015 an increase of 176%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($17,155 per ton), while the average price for exports to the Netherlands ($5,487 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 China (+30.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Finland
In 2022, approx. 195 tons of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s were imported into Finland; falling by -25.7% against the year before. Over the period under review, imports showed a sharp slump.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s skyrocketed to $1.5M in 2022. Overall, imports continue to indicate a sharp curtailment.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 183 | 304 | 219 | 867 | 68.0% |
| China | 34.4 | N/A | 68.0 | 208 | 82.2% |
| Sweden | 151 | 293 | 216 | 184 | 6.8% |
| Hungary | 34.2 | 19.3 | 82.0 | 102 | 43.9% |
| Germany | 1,751 | 570 | 239 | 43.3 | -70.9% |
| Denmark | 40.9 | 25.6 | 21.3 | 37.9 | -2.5% |
| Poland | 279 | 17.3 | 38.0 | 37.0 | -49.0% |
| France | 549 | 199 | 90.1 | 25.4 | -64.1% |
| Netherlands | 153 | 7.2 | N/A | N/A | -95.3% |
| Others | 133 | 5.3 | 23.9 | 10.9 | -56.6% |
| Total | 3,310 | 1,440 | 997 | 1,515 | -22.9% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Finland in 2022:
- Italy (78.1 tons)
- Hungary (52.2 tons)
- Germany (24.7 tons)
- Sweden (12.2 tons)
- Poland (9.1 tons)
- Denmark (6.9 tons)
- China (6.8 tons)
- France (4.1 tons)
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Finland
Exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s from Finland skyrocketed to 17 tons in 2022, picking up by 30% compared with the previous year. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 432%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s skyrocketed to $251K in 2022. In general, exports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 469%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | N/A | 89.6 | 160 | 227 | 59.2% |
| Netherlands | 13.4 | 17.0 | 8.0 | 16.4 | 7.0% |
| Sweden | N/A | 13.9 | 3.3 | 5.9 | -34.8% |
| Denmark | N/A | 3.1 | N/A | N/A | 0% |
| Others | 9.5 | 6.6 | 3.6 | 1.4 | -47.2% |
| Total | 22.9 | 130 | 175 | 251 | 122.1% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Finland in 2022:
- Estonia (13.3 tons)
- Netherlands (3.0 tons)
- Sweden (0.3 tons)
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