Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia - 2024
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia (CIF) - 2024
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia (CIF) - 2024
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $853 per ton in August 2023, shrinking by -5.1% against the previous month. In general, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 475% month-to-month. The import price peaked at $6,881 per ton in April 2023; however, from May 2023 to August 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From January 2023 to August 2023, the rate of growth in terms of prices for Turkey amounted to +1.7% per month.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $2,328 per ton in 2022, increasing by 8.6% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 676% against the previous year. As a result, the export price reached the peak level of $10,767 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($6,291 per ton), while the average price for exports to Papua New Guinea ($1,111 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 Fiji (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia
In 2022, the amount of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses imported into Australia surged to 9.3K tons, growing by 128% compared with the previous year. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $13M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1.2 | 0.4 | 1.5 | 4.5 | 55.4% |
| South Korea | N/A | 0.9 | 0.5 | 4.0 | 110.8% |
| Austria | 3.5 | 1.6 | 2.7 | 3.8 | 2.8% |
| Germany | 0.3 | 0.3 | 0.5 | 0.4 | 10.1% |
| Spain | 0.6 | 0.2 | 0.7 | 0.3 | -20.6% |
| Turkey | N/A | 0.3 | N/A | N/A | 0% |
| Others | 0.3 | 0.2 | N/A | N/A | -33.3% |
| Total | 6.0 | 3.8 | 5.9 | 13.0 | 29.4% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Australia in 2022:
- New Zealand (5.6K tons)
- South Korea (2.9K tons)
- Austria (0.4K tons)
- Germany (0.2K tons)
- Spain (0.2K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia
For the third consecutive year, Australia recorded decline in shipments abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses, which decreased by -20% to 35 tons in 2022. Overall, exports continue to indicate a precipitous decrease. The smallest decline of -19.7% was in 2020.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses contracted to $81K in 2022. In general, exports faced a abrupt descent. The pace of growth appeared the most rapid in 2021 when exports increased by 278% against the previous year.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Fiji | N/A | N/A | 4.1 | 23.8 | 480.5% |
| New Zealand | N/A | N/A | 2.8 | 19.3 | 589.3% |
| New Caledonia | N/A | 8.3 | 38.7 | 17.6 | 45.6% |
| Papua New Guinea | 7.2 | 12.1 | 14.1 | 16.0 | 30.5% |
| Macao SAR | N/A | N/A | N/A | 3.4 | 0% |
| China | N/A | N/A | 17.2 | N/A | 0% |
| India | 137 | N/A | N/A | N/A | 0% |
| Others | 10.3 | 4.3 | 16.5 | 1.1 | -52.6% |
| Total | 155 | 24.7 | 93.5 | 81.2 | -19.4% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Australia in 2022:
- Papua New Guinea (14.4 tons)
- New Zealand (10.3 tons)
- New Caledonia (5.3 tons)
- Fiji (3.8 tons)
- Macao SAR (1.0 tons)
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