Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Denmark - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Denmark (CIF) - 2023
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Denmark (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Denmark
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Denmark
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Denmark (CIF) - 2023
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,491 per ton in August 2023, approximately reflecting the previous month. Overall, the import price recorded a modest expansion. The growth pace was the most rapid in April 2023 an increase of 4.3% month-to-month. Over the period under review, average import prices hit record highs at $1,506 per ton in June 2023; afterwards, it flattened through to August 2023.
As there is only one major supplying country, the average price level is determined by prices for the UK.
From December 2022 to August 2023, the rate of growth in terms of prices for Italy amounted to +1.1% per month.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Denmark (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $27,451 per ton in 2022, growing by 1,473% against the previous year. In general, the export price continues to indicate buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($151,989 per ton), while the average price for exports to Norway ($17,145 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 China (+195.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Denmark
In 2022, the amount of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses imported into Denmark plummeted to 1.3K tons, shrinking by -40.5% compared with the year before. Over the period under review, imports recorded a perceptible curtailment. The growth pace was the most rapid in 2021 with an increase of 192%. As a result, imports reached the peak of 2.1K tons, and then declined markedly in the following year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses plummeted to $1.9M in 2022. In general, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 309% against the previous year. As a result, imports attained the peak of $2.7M, and then fell rapidly in the following year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 737 | 513 | 804 | 1,123 | 15.1% |
| Netherlands | 434 | 141 | 1,463 | 755 | 20.3% |
| Belgium | 41.5 | N/A | 197 | N/A | 117.9% |
| Czech Republic | 32.4 | N/A | 136 | N/A | 104.9% |
| Others | 120 | 1.3 | 76.2 | 27.6 | -38.7% |
| Total | 1,365 | 655 | 2,676 | 1,905 | 11.8% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Denmark in 2022:
- Italy (775.0 tons)
- Netherlands (465.6 tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Denmark
In 2022, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from Denmark fell remarkably to 557 kg, dropping by -81.5% compared with 2021. Over the period under review, exports recorded a sharp setback. The pace of growth was the most pronounced in 2021 with an increase of 644% against the previous year.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $15K in 2022. In general, exports saw a deep slump.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 5.9 | 0% |
| Germany | N/A | N/A | N/A | 4.8 | 0% |
| United Kingdom | N/A | N/A | N/A | 4.4 | 0% |
| Norway | 5.8 | 4.0 | 3.8 | 0.1 | -74.2% |
| China | 17.3 | N/A | 1.3 | N/A | -72.6% |
| Others | 0.2 | N/A | 0.1 | 0.1 | -20.6% |
| Total | 23.3 | 4.0 | 5.3 | 15.3 | -13.1% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Denmark in 2022:
- France (283.0 kg)
- Germany (233.0 kg)
- United Kingdom (29.0 kg)
- Norway (7.0 kg)
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