Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United States - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United States (CIF) - 2024
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United States (FOB) - 2024
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United States
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United States
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United States (CIF) - 2024
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $1,223 per ton in December 2023, dropping by -8.1% against the previous month. Overall, the import price saw a mild descent. The pace of growth was the most pronounced in August 2023 an increase of 7.6% m-o-m. As a result, import price reached the peak level of $1,446 per ton. From September 2023 to December 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($1,651 per ton), while the price for South Africa ($606 per ton) was amongst the lowest.
From March 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Mexico (+1.4%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United States (FOB) - 2024
The average export price for iron or non-alloy steel wire, plated or coated with zincs stood at $2,002 per ton in December 2023, increasing by 5.5% against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 23% month-to-month. The export price peaked at $2,070 per ton in October 2023; however, from November 2023 to December 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In December 2023, the country with the highest price was Canada ($2,000 per ton), while the average price for exports to Bahamas ($1,949 per ton) was amongst the lowest.
From March 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United States
After three years of growth, supplies from abroad of iron or non-alloy steel wire, plated or coated with zincs decreased by -13.5% to 178K tons in 2022. The total import volume increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports reached the peak of 206K tons, and then reduced in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs totaled $279M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.0% 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 +72.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 60% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 47.9 | 64.1 | 109 | 118 | 35.1% |
| Mexico | 37.6 | 56.4 | 71.3 | 80.5 | 28.9% |
| China | 42.9 | 25.5 | 39.3 | 32.6 | -8.7% |
| United Arab Emirates | 1.4 | 0.7 | 14.0 | 10.0 | 92.6% |
| Germany | 3.6 | 4.3 | 6.2 | 8.9 | 35.2% |
| South Africa | 2.0 | 0.9 | 2.1 | 2.9 | 13.2% |
| Brazil | 4.9 | 3.5 | 1.5 | 0.9 | -43.2% |
| Others | 21.2 | 12.5 | 25.1 | 25.5 | 6.3% |
| Total | 162 | 168 | 269 | 279 | 19.9% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to the United States in 2022:
- Mexico (68.6K tons)
- Canada (53.6K tons)
- China (29.3K tons)
- United Arab Emirates (8.0K tons)
- Germany (3.1K tons)
- South Africa (3.0K tons)
- Brazil (0.7K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United States
After two years of decline, overseas shipments of iron or non-alloy steel wire, plated or coated with zincs increased by 7.7% to 11K tons in 2022. Over the period under review, exports, however, recorded a pronounced contraction.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs soared to $23M in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 9.3 | 9.8 | 6.9 | 11.5 | 7.3% |
| Mexico | 10.7 | 7.0 | 9.3 | 10.1 | -1.9% |
| United Kingdom | N/A | N/A | N/A | 0.3 | 0% |
| Others | 1.3 | 2.4 | 1.1 | 0.8 | -14.9% |
| Total | 21.3 | 19.2 | 17.3 | 22.7 | 2.1% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from the United States in 2022:
- Canada (5.3K tons)
- Mexico (4.7K tons)
- United Kingdom (0.3K tons)
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