Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Romania - 2023

Contents:

1. Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Romania (CIF) - 2023
2. Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Romania (FOB) - 2023
3. Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Romania
4. Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Romania

Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Romania (CIF) - 2023

The average import price for stainless steel bars and rods, angles, shapes and sectionses stood at $8,885 per ton in October 2023, growing by 23% against the previous month. Overall, import price indicated a buoyant increase from October 2022 to October 2023: its price increased at an average monthly rate of +6.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for stainless steel bars and rods, angles, shapes and sectionses increased by +67.4% against May 2023 indices. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 29% m-o-m. Over the period under review, average import prices attained the peak figure in October 2023.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($31,180 per ton), while the price for Turkey ($4,619 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Romania (FOB) - 2023

In October 2023, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $14,763 per ton, picking up by 77% against the previous month. In general, export price indicated a remarkable increase from October 2022 to October 2023: its price increased at an average monthly rate of +6.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for stainless steel bars and rods, angles, shapes and sectionses increased by +76.5% against September 2023 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In October 2023, the country with the highest price was Malaysia ($54,145 per ton), while the average price for exports to Turkey ($6,468 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+40.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Romania

In 2022, approx. 15K tons of stainless steel bars and rods, angles, shapes and sectionses were imported into Romania; rising by 30% compared with 2021 figures. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses skyrocketed to $77M in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 51% 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.

Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Romania in 2022:

1. Italy (6.4K tons)
2. Germany (3.1K tons)
3. Austria (1.5K tons)
4. France (1.0K tons)
5. Bulgaria (0.7K tons)
6. Netherlands (0.4K tons)
7. Poland (0.3K tons)
8. India (0.3K tons)
9. Spain (0.2K tons)

Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Romania

Exports of stainless steel bars and rods, angles, shapes and sectionses from Romania skyrocketed to 1.6K tons in 2022, rising by 53% on the previous year. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 54%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses skyrocketed to $11M in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 95% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Romania in 2022:

1. Germany (486.5 tons)
2. Italy (332.3 tons)
3. France (103.7 tons)
4. Hungary (84.1 tons)
5. United Kingdom (80.3 tons)
6. Turkey (79.5 tons)
7. Poland (57.3 tons)
8. United States (53.9 tons)
9. Bulgaria (51.0 tons)
10. Spain (41.5 tons)
11. Belgium (24.4 tons)
12. Slovakia (14.7 tons)
13. Sweden (10.8 tons)

Source: IndexBox Market Intelligence Platform