Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina - 2023

Contents:

1. Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina (FOB) - 2022
2. Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina (CIF) - 2022
3. Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina
4. Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina (FOB) - 2022

In 2022, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $948 per ton, dropping by -3.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 17% against the previous year. The export price peaked at $987 per ton in 2021, and then fell in the following year.

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 Brazil ($1,201 per ton), while the average price for exports to Peru ($473 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 Brazil (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina (CIF) - 2022

The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,551 per ton in 2022, surging by 84% against the previous year. In general, the import price enjoyed temperate growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Germany ($2,401 per ton), while the price for Italy ($1,265 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina

In 2022, shipments abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -18.5% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 59% against the previous year. As a result, the exports reached the peak of 1.3K tons, and then shrank sharply in the following year.

In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses dropped dramatically to $1M in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 77%. As a result, the exports reached the peak of $1.3M, and then contracted significantly in the following year.

Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Argentina in 2022:

1. Brazil (499.6 tons)
2. Peru (202.1 tons)
3. Paraguay (196.0 tons)
4. Chile (182.8 tons)

Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Argentina

Imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Argentina contracted markedly to 450 tons in 2022, which is down by -85.1% against the previous year's figure. Overall, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 509% against the previous year. As a result, imports reached the peak of 3K tons, and then contracted notably in the following year.

In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses shrank markedly to $698K in 2022. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 598%. As a result, imports reached the peak of $2.5M, and then dropped rapidly in the following year.

Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Argentina in 2022:

1. Mexico (263.2 tons)
2. Chile (69.2 tons)
3. Germany (28.4 tons)
4. Italy (26.4 tons)
5. Brazil (21.9 tons)
6. China (21.7 tons)
7. Spain (18.5 tons)

Source: IndexBox Market Intelligence Platform