Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Canada - 2024
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Canada (FOB) - 2024
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Canada (CIF) - 2022
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Canada
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Canada
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Canada (FOB) - 2024
In September 2023, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,284 per ton, growing by 1.8% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 6.7% m-o-m. Over the period under review, the average export prices attained the peak figure at $1,339 per ton in May 2023; afterwards, it flattened through to September 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to September 2023, the rate of growth in terms of prices for the United States amounted to +0.9% per month.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Canada (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,436 per ton in 2022, surging by 25% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses increased by +78.9% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of 32%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
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 the UK ($8,861 per ton), while the price for China ($1,017 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+23.6%), 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 Canada
In 2022, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from Canada dropped to 205K tons, waning by -6.6% against 2021. The total export volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 20%. As a result, the exports reached the peak of 220K tons, and then declined in the following year.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $269M in 2022. Overall, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 71%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 157 | 134 | 230 | 268 | 19.5% |
| Others | 1.1 | 1.0 | 1.6 | 0.6 | -18.3% |
| Total | 159 | 135 | 231 | 269 | 19.2% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Canada in 2022:
- United States (203.8K tons)
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Canada
Imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Canada soared to 28K tons in 2022, growing by 44% on the previous year. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume 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 +82.7% against 2020 indices. 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 soared to $40M in 2022. In general, imports enjoyed significant growth. As a result, imports reached 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 Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.0 | 9.6 | 20.0 | 30.2 | 29.2% |
| Germany | 0.1 | N/A | N/A | 8.1 | 332.7% |
| China | 2.7 | 1.3 | 0.7 | 1.2 | -23.7% |
| South Korea | N/A | 2.0 | N/A | N/A | 0% |
| Others | N/A | 0.2 | 1.2 | 0.1 | -29.3% |
| Total | 16.9 | 13.1 | 22.0 | 39.5 | 32.7% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Canada in 2022:
- United States (20.4K tons)
- Germany (5.9K tons)
- China (1.1K tons)
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