Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in India - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in India (FOB) - 2023
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in India (CIF) - 2023
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in India
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in India
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in India (FOB) - 2023
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $647 per ton in July 2023, standing approximately at the previous month. Over the period under review, the export price, however, showed a mild curtailment. The pace of growth was the most pronounced in December 2022 an increase of 56% against the previous month. As a result, the export price attained the peak level of $1,127 per ton. From January 2023 to July 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In July 2023, the country with the highest price was Saudi Arabia ($683 per ton), while the average price for exports to Sri Lanka stood at $608 per ton.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+616.7%), while the prices for the other major destinations experienced a decline.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in India (CIF) - 2023
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,194 per ton in July 2023, therefore, remained relatively stable against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 44% month-to-month. Over the period under review, average import prices attained the maximum at $1,277 per ton in April 2023; however, from May 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($2,340 per ton), while the price for South Korea ($883 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (+2.2%), 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 India
In 2022, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from India declined rapidly to 92K tons, falling by -75% on the previous year's figure. In general, exports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2021 with an increase of 584%. As a result, the exports reached the peak of 369K tons, and then contracted dramatically in the following year.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses declined remarkably to $68M in 2022. Overall, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 936% against the previous year. As a result, the exports attained the peak of $270M, and then contracted dramatically in the following year.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.1 | 0.9 | 87.4 | 17.0 | 149.1% |
| Malaysia | N/A | N/A | 9.3 | 14.0 | 50.5% |
| Kenya | N/A | 4.0 | 29.9 | 7.3 | 35.1% |
| Sri Lanka | 19.8 | 13.4 | 22.6 | 6.8 | -30.0% |
| Philippines | 6.7 | N/A | 11.8 | 5.6 | -5.8% |
| South Korea | N/A | N/A | 3.7 | 3.7 | 0.0% |
| Taiwan (Chinese) | 0.2 | 0.5 | 13.8 | 2.6 | 135.1% |
| Singapore | N/A | N/A | 43.3 | N/A | 0% |
| Others | 4.3 | 7.3 | 48.2 | 11.5 | 38.8% |
| Total | 32.0 | 26.0 | 270 | 68.5 | 28.9% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from India in 2022:
- Thailand (27.0K tons)
- Malaysia (19.8K tons)
- Kenya (10.8K tons)
- Sri Lanka (10.2K tons)
- Philippines (10.0K tons)
- South Korea (5.5K tons)
- Taiwan (Chinese) (3.0K tons)
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in India
In 2022, the amount of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses imported into India dropped rapidly to 25K tons, shrinking by -38% compared with the previous year. Overall, imports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2021 when imports increased by 2.3%.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses dropped significantly to $36M in 2022. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 40%.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 36.7 | 17.5 | 16.6 | 17.8 | -21.4% |
| Germany | 2.7 | 3.3 | 6.4 | 6.7 | 35.4% |
| Japan | 11.0 | 3.8 | 11.1 | 6.3 | -17.0% |
| France | 0.4 | 0.2 | 1.4 | 1.6 | 58.7% |
| South Korea | 5.5 | 2.5 | 2.5 | 1.4 | -36.6% |
| Netherlands | 0.4 | N/A | 1.3 | 1.1 | 40.1% |
| Canada | 1.0 | 0.3 | 0.5 | 0.4 | -26.3% |
| Belgium | 1.8 | 0.4 | 1.0 | 0.1 | -61.8% |
| United Arab Emirates | 0.8 | 1.4 | 0.2 | N/A | -50.0% |
| Others | 1.1 | 1.1 | 1.9 | 0.6 | -18.3% |
| Total | 61.3 | 30.5 | 42.8 | 36.1 | -16.2% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to India in 2022:
- China (14.0K tons)
- Germany (3.8K tons)
- Japan (3.5K tons)
- South Korea (1.2K tons)
- Netherlands (0.8K tons)
- France (0.8K tons)
- Canada (0.6K tons)
- Belgium (0.1K tons)
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