Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland (CIF) - 2023
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland (CIF) - 2023
In July 2023, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,254 per ton, picking up by 4.2% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +1.2%. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 15% against the previous month. The import price peaked in July 2023.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From November 2022 to July 2023, the rate of growth in terms of prices for Germany amounted to +1.2% per month.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $963 per ton in 2022, reducing by -55.9% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 14% against the previous year. The export price peaked at $2,269 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($1,161 per ton), while the average price for exports to Japan amounted to $816 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+42.3%), 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 Finland
In 2022, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Finland skyrocketed to 4.6K tons, rising by 120% against the year before. In general, imports recorded a measured increase.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses soared to $5.6M in 2022. Overall, imports recorded strong growth. 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 Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.7 | 2.4 | 1.0 | 5.1 | 11.3% |
| United Kingdom | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Spain | N/A | 0.4 | 0.8 | 0.2 | -29.3% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 3.9 | 2.8 | 2.0 | 5.6 | 12.8% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Finland in 2022:
- Germany (4.3K tons)
- United Kingdom (0.2K tons)
- Spain (0.2K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland
In 2022, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from Finland reduced rapidly to 82 kg, shrinking by -92.8% compared with the previous year's figure. In general, exports showed a sharp descent. The pace of growth was the most pronounced in 2021 when exports increased by 1,585% against the previous year.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses fell significantly to $79 in 2022. Overall, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 1,826%.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 21.1 | 0.1 | 0.3 | N/A | -88.1% |
| Japan | N/A | 0.1 | N/A | N/A | 0% |
| United Kingdom | N/A | N/A | 0.2 | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 1.2 | N/A | 0% |
| Others | N/A | N/A | 0.9 | N/A | 0% |
| Total | 21.1 | 0.1 | 2.5 | 0.1 | -83.2% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Finland in 2022:
- Japan (47.0 kg)
- United Kingdom (35.0 kg)
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