Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway - 2024
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway (CIF) - 2022
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,140 per ton in 2022, increasing by 38% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2017 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($1,167 per ton), while the price for Germany stood at $1,015 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+46.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,570 per ton in 2022, rising by 51% against the previous year. Overall, the export price, however, continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 670% against the previous year. Over the period under review, the average export prices hit record highs at $6,916 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($58,106 per ton), while the average price for exports to Lithuania amounted to $1,356 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+37.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway
In 2022, approx. 5.3K tons of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses were imported into Norway; shrinking by -27.1% on 2021 figures. Overall, imports, however, showed a notable increase. The most prominent rate of growth was recorded in 2021 with an increase of 142% against the previous year. As a result, imports attained the peak of 7.2K tons, and then shrank rapidly in the following year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses totaled $6M in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 179%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1.4 | 1.4 | 4.3 | 4.9 | 51.8% |
| Germany | 2.5 | 0.7 | 1.7 | 1.0 | -26.3% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 3.9 | 2.1 | 6.0 | 6.0 | 15.4% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Norway in 2022:
- Spain (4.2K tons)
- Germany (1.0K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway
Exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from Norway shrank remarkably to 113 tons in 2022, which is down by -39.1% compared with the previous year's figure. Over the period under review, exports faced a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 155% against the previous year.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses dropped to $177K in 2022. In general, exports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 193% against the previous year. As a result, the exports reached the peak of $194K, and then shrank in the following year.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 182 | 64.6 | 187 | 151 | -6.0% |
| Others | 2.1 | 1.4 | 6.7 | 26.4 | 132.5% |
| Total | 184 | 66.0 | 194 | 177 | -1.3% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Norway in 2022:
- Lithuania (111.3 tons)
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