Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Germany - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Germany (FOB) - 2023
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Germany (CIF) - 2023
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Germany
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Germany
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Germany (FOB) - 2023
In August 2023, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,110 per ton, falling by -5.6% against the previous month. In general, the export price showed a slight downturn. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 4% month-to-month. Over the period under review, the average export prices attained the peak figure at $1,282 per ton in December 2022; however, from January 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,627 per ton), while the average price for exports to the UK ($830 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Luxembourg (+1.3%), 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 Germany (CIF) - 2023
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,221 per ton in August 2023, with a decrease of -3.5% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 7.3% m-o-m. Over the period under review, average import prices hit record highs at $1,381 per ton in May 2023; however, from June 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($1,952 per ton), while the price for Switzerland ($1,176 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Germany
In 2022, overseas shipments of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -17.7% to 468K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +5.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +18.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 42%. As a result, the exports reached the peak of 568K tons, and then dropped rapidly in the following year.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses rose notably to $640M in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 86% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 91.5 | 81.6 | 164 | 150 | 17.9% |
| United States | 17.0 | 30.8 | 49.6 | 115 | 89.1% |
| France | 32.6 | 35.0 | 57.8 | 66.7 | 27.0% |
| Luxembourg | 22.9 | 26.6 | 53.7 | 47.7 | 27.7% |
| Czech Republic | 41.2 | 15.7 | 38.5 | 38.4 | -2.3% |
| Mexico | 5.5 | 15.3 | 34.3 | 36.5 | 87.9% |
| Slovakia | 0.7 | 10.8 | 29.0 | 26.8 | 237.0% |
| Turkey | 10.7 | 13.3 | 22.6 | 26.2 | 34.8% |
| Sweden | 12.2 | 9.9 | 19.0 | 22.7 | 23.0% |
| Austria | 8.0 | 4.6 | 11.0 | 16.6 | 27.5% |
| Netherlands | 11.8 | 7.7 | 11.6 | 15.1 | 8.6% |
| China | 7.0 | 9.7 | 18.8 | 11.0 | 16.3% |
| Poland | 8.4 | 7.6 | 10.4 | 10.6 | 8.1% |
| Others | 45.1 | 34.7 | 44.3 | 57.1 | 8.2% |
| Total | 315 | 303 | 564 | 640 | 26.7% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Germany in 2022:
- Italy (113.4K tons)
- United States (76.1K tons)
- France (50.5K tons)
- Luxembourg (39.9K tons)
- Czech Republic (27.9K tons)
- Mexico (24.8K tons)
- Turkey (22.5K tons)
- Slovakia (22.3K tons)
- Sweden (17.1K tons)
- Netherlands (13.0K tons)
- Austria (10.0K tons)
- Poland (8.0K tons)
- China (6.2K tons)
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Germany
In 2022, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Germany fell to 307K tons, declining by -10.7% against the previous year's figure. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 18%. As a result, imports attained the peak of 344K tons, and then fell in the following year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $433M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 48%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 98.6 | 81.6 | 117 | 136 | 11.3% |
| Italy | 31.5 | 31.6 | 41.5 | 58.7 | 23.1% |
| Netherlands | 21.8 | 16.5 | 37.4 | 56.7 | 37.5% |
| Czech Republic | 28.9 | 33.6 | 37.2 | 55.1 | 24.0% |
| Switzerland | 25.9 | 28.1 | 43.5 | 52.0 | 26.2% |
| Spain | 32.4 | 33.9 | 56.1 | 50.6 | 16.0% |
| United Kingdom | 20.0 | 8.3 | 1.1 | 1.1 | -62.0% |
| Others | 23.5 | 12.9 | 30.2 | 22.2 | -1.9% |
| Total | 283 | 247 | 364 | 433 | 15.2% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Germany in 2022:
- Austria (87.7K tons)
- Czech Republic (48.0K tons)
- Italy (42.4K tons)
- Netherlands (40.4K tons)
- Spain (37.3K tons)
- Switzerland (36.4K tons)
- United Kingdom (0.9K tons)
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