Price for Iron or Steel; Cast Articles in the UK - 2023
Contents:
- Price for Iron or Steel; Cast Articles in the UK (CIF) - 2023
- Price for Iron or Steel; Cast Articles in the UK (FOB) - 2023
- Imports of Iron or Steel; Cast Articles in the UK
- Exports of Iron or Steel; Cast Articles in the UK
Price for Iron or Steel; Cast Articles in the UK (CIF) - 2023
The average import price for iron or steel; cast articleses stood at $2,394 per ton in May 2023, remaining stable against the previous month. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 40% m-o-m. As a result, import price reached the peak level of $3,576 per ton. From April 2023 to May 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($4,609 per ton), while the price for Turkey ($1,514 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by France (+6.7%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Steel; Cast Articles in the UK (FOB) - 2023
The average export price for iron or steel; cast articleses stood at $3,929 per ton in May 2023, with an increase of 13% against the previous month. Over the period from May 2022 to May 2023, it increased at an average monthly rate of +3.3%. The growth pace was the most rapid in April 2023 an increase of 18% against the previous month. Over the period under review, the average export prices attained the peak figure in May 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($13,844 per ton), while the average price for exports to the Czech Republic ($2,012 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Steel; Cast Articles in the UK
In 2022, approx. 118K tons of iron or steel; cast articleses were imported into the UK; surging by 12% on 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 23%.
In value terms, iron or steel; cast articles imports skyrocketed to $304M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.5% 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 +103.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Iron or Steel; Cast Articles in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 70.5 | 44.4 | 72.4 | 92.0 | 9.3% |
| Turkey | 34.3 | 28.8 | 44.5 | 50.0 | 13.4% |
| India | 37.2 | 23.7 | 37.9 | 44.0 | 5.8% |
| Belgium | 6.5 | 7.7 | 6.4 | 26.6 | 60.0% |
| Germany | 17.9 | 11.6 | 17.5 | 21.8 | 6.8% |
| France | 9.9 | 7.8 | 9.0 | 11.0 | 3.6% |
| Poland | 3.9 | 2.7 | 6.7 | 8.5 | 29.7% |
| Spain | 4.1 | 3.2 | 2.5 | 5.8 | 12.3% |
| Others | 35.2 | 19.8 | 33.2 | 44.3 | 8.0% |
| Total | 219 | 150 | 230 | 304 | 11.6% |
Top Suppliers of Iron or Steel; Cast Articles to the UK in 2022:
- China (38.9K tons)
- Turkey (31.0K tons)
- India (18.9K tons)
- Belgium (11.6K tons)
- Germany (4.9K tons)
- Poland (2.8K tons)
- France (2.6K tons)
- Spain (2.2K tons)
Exports of Iron or Steel; Cast Articles in the UK
In 2022, approx. 65K tons of iron or steel; cast articleses were exported from the UK; falling by -2.7% against the previous year's figure. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 135%. As a result, the exports reached the peak of 66K tons, and then shrank slightly in the following year.
In value terms, iron or steel; cast articles exports totaled $178M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 84%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Iron or Steel; Cast Articles in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 16.9 | 11.1 | 39.2 | 32.9 | 24.9% |
| France | 13.4 | 11.3 | 21.4 | 27.2 | 26.6% |
| Netherlands | 6.1 | 4.3 | 13.7 | 19.2 | 46.6% |
| United States | 15.5 | 6.1 | 13.0 | 18.9 | 6.8% |
| Sweden | 11.0 | 6.8 | 9.1 | 12.3 | 3.8% |
| Ireland | 11.2 | 10.4 | 16.3 | 11.9 | 2.0% |
| Italy | 3.7 | 3.5 | 6.3 | 8.9 | 34.0% |
| Czech Republic | 3.2 | 1.7 | 7.1 | 7.4 | 32.2% |
| Poland | 3.5 | 1.7 | 3.4 | 1.9 | -18.4% |
| Others | 40.9 | 33.5 | 37.3 | 37.0 | -3.3% |
| Total | 125 | 90.5 | 167 | 178 | 12.5% |
Top Export Markets for Iron or Steel; Cast Articles from the UK in 2022:
- Germany (13.5K tons)
- France (13.0K tons)
- Netherlands (8.3K tons)
- Czech Republic (4.9K tons)
- Italy (4.1K tons)
- Sweden (4.0K tons)
- Ireland (4.0K tons)
- United States (2.6K tons)
- Poland (0.9K tons)
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