Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Spain - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Spain (FOB) - 2023
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Spain (CIF) - 2023
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Spain
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Spain
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Spain (FOB) - 2023
In August 2023, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,085 per ton, dropping by -3.8% against the previous month. In general, the export price saw a perceptible shrinkage. The most prominent rate of growth was recorded in January 2023 an increase of 0.4% m-o-m. As a result, the export price attained the peak level of $1,338 per ton. From February 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In August 2023, the highest price was recorded for prices to Brazil ($1,390 per ton) and Italy ($1,131 per ton), while the average price for exports to France ($1,025 per ton) and Turkey ($1,037 per ton) were amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+0.3%), 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 Spain (CIF) - 2023
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,211 per ton in August 2023, dropping by -17.3% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 9% m-o-m. The import price peaked at $1,464 per ton in July 2023, and then contracted significantly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($1,688 per ton), while the price for the UK ($1,071 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 UK (+1.8%), 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 Spain
Exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from Spain contracted sharply to 87K tons in 2022, declining by -42.4% compared with the previous year. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses contracted to $122M in 2022. In general, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by 69% against the previous year. As a result, the exports attained the peak of $143M, and then dropped in the following year.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 46.4 | 27.8 | 44.3 | 42.6 | -2.8% |
| France | 28.4 | 15.9 | 16.8 | 28.8 | 0.5% |
| Italy | 15.3 | 8.6 | 21.5 | 13.5 | -4.1% |
| Turkey | 21.7 | 13.8 | 24.6 | 8.3 | -27.4% |
| Norway | 1.4 | 2.0 | 2.9 | 5.2 | 54.9% |
| United Kingdom | 3.0 | 2.6 | 3.1 | 5.0 | 18.6% |
| Brazil | 1.0 | 1.0 | 3.5 | 3.7 | 54.7% |
| Portugal | 2.4 | 2.0 | 2.9 | 2.1 | -4.4% |
| Taiwan (Chinese) | N/A | 0.2 | 7.6 | 0.7 | 87.1% |
| Mexico | 4.3 | 1.0 | 3.0 | 0.6 | -48.1% |
| Others | 11.4 | 9.6 | 12.5 | 11.6 | 0.6% |
| Total | 135 | 84.6 | 143 | 122 | -3.3% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Spain in 2022:
- Germany (30.3K tons)
- France (21.3K tons)
- Italy (8.5K tons)
- Turkey (7.0K tons)
- Norway (4.2K tons)
- United Kingdom (2.5K tons)
- Brazil (2.4K tons)
- Portugal (1.4K tons)
- Taiwan (Chinese) (0.5K tons)
- Mexico (0.5K tons)
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Spain
For the fourth consecutive year, Spain recorded growth in supplies from abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses, which increased by 2.6% to 64K tons in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +19.1% 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 +69.1% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 42%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses soared to $88M in 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 75%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in years to come.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 5.2 | 11.4 | 23.4 | 24.3 | 67.2% |
| United Kingdom | 3.9 | 3.3 | 10.7 | 20.7 | 74.4% |
| Italy | 6.6 | 10.6 | 16.8 | 16.9 | 36.8% |
| Austria | 6.1 | 5.1 | 9.2 | 11.4 | 23.2% |
| Germany | 10.4 | 7.4 | 6.3 | 11.2 | 2.5% |
| Netherlands | 1.0 | 0.4 | 0.9 | 2.0 | 26.0% |
| Others | 4.5 | 0.7 | 0.4 | 1.1 | -37.5% |
| Total | 37.8 | 38.8 | 67.9 | 87.7 | 32.4% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Spain in 2022:
- United Kingdom (17.5K tons)
- France (15.9K tons)
- Italy (14.7K tons)
- Germany (7.6K tons)
- Austria (6.5K tons)
- Netherlands (1.3K tons)
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