Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland - 2024
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland (FOB) - 2024
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland (CIF) - 2024
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland (FOB) - 2024
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,028 per ton in September 2023, therefore, remained relatively stable against the previous month. Overall, the export price recorded a noticeable decline. The pace of growth was the most pronounced in April 2023 when the average export price increased by 1.8% against the previous month. Over the period under review, the average export prices reached the maximum at $1,337 per ton in January 2023; however, from February 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In September 2023, the highest price was recorded for prices to Germany ($1,109 per ton) and Austria ($1,006 per ton), while the average price for exports to Italy ($978 per ton) and France ($1,001 per ton) were amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.7%), 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 Switzerland (CIF) - 2024
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,736 per ton in September 2023, surging by 4.8% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 44% month-to-month. As a result, import price attained the peak level of $2,139 per ton. From April 2023 to September 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Italy ($3,179 per ton), while the price for the Netherlands ($1,084 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (-0.4%), while the prices for the other major suppliers experienced a decline.
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland
In 2022, shipments abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -14.9% to 59K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses rose notably to $79M in 2022. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 with an increase of 52% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 17.4 | 18.0 | 29.4 | 32.3 | 22.9% |
| Italy | 12.8 | 14.2 | 22.1 | 27.1 | 28.4% |
| France | 8.1 | 7.7 | 8.8 | 12.3 | 14.9% |
| Sweden | 0.3 | 1.3 | 2.3 | 2.5 | 102.7% |
| Austria | 1.0 | 1.2 | 2.0 | 2.1 | 28.1% |
| Poland | 0.8 | 1.5 | 3.2 | 1.0 | 7.7% |
| Others | 0.9 | 1.5 | 1.3 | 1.5 | 18.6% |
| Total | 41.2 | 45.2 | 69.0 | 78.8 | 24.1% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Switzerland in 2022:
- Germany (23.9K tons)
- Italy (20.2K tons)
- France (10.1K tons)
- Sweden (1.5K tons)
- Austria (1.5K tons)
- Poland (0.7K tons)
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland
Imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Switzerland fell to 12K tons in 2022, with a decrease of -13.5% compared with the previous year. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 3.8% against the previous year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses expanded to $19M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 5.0 | 5.1 | 7.4 | 8.8 | 20.7% |
| Germany | 10.0 | 7.6 | 9.2 | 8.7 | -4.5% |
| Italy | 0.6 | 1.0 | 1.1 | 1.3 | 29.4% |
| Algeria | N/A | N/A | N/A | 0.2 | 0% |
| France | 0.8 | 0.4 | 0.5 | 0.2 | -37.0% |
| Others | 1.7 | 0.3 | 0.5 | 0.2 | -51.0% |
| Total | 18.0 | 14.4 | 18.7 | 19.4 | 2.5% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Switzerland in 2022:
- Germany (6.0K tons)
- Austria (5.2K tons)
- Italy (0.5K tons)
- Algeria (0.2K tons)
- France (0.1K tons)
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