Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK - 2024
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK (FOB) - 2024
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK (CIF) - 2024
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK (FOB) - 2024
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $795 per ton in August 2023, waning by -5.2% against the previous month. Over the period under review, the export price recorded a noticeable curtailment. The pace of growth appeared the most rapid in April 2023 an increase of 53% against the previous month. As a result, the export price attained the peak level of $1,387 per ton. From May 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was Spain ($1,004 per ton), while the average price for exports to the Netherlands ($596 per ton) was amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-0.7%), 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 the UK (CIF) - 2024
In August 2023, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,147 per ton, with a decrease of -11.9% against the previous month. Overall, the import price showed a perceptible contraction. The pace of growth was the most pronounced in March 2023 an increase of 8.1% m-o-m. Over the period under review, average import prices attained the maximum at $1,552 per ton in January 2023; however, from February 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Spain ($2,209 per ton), while the price for the Czech Republic ($900 per ton) was amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.7%), 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 the UK
In 2022, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from the UK fell to 68K tons, waning by -7.4% against the previous year's figure. Over the period under review, exports continue to indicate a slight curtailment. The growth pace was the most rapid in 2021 when exports increased by 11% against the previous year. As a result, the exports attained the peak of 74K tons, and then declined in the following year.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses soared to $75M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.3% 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 +92.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 66%. Over the period under review, the exports of reached 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 6.3 | 4.7 | 10.6 | 18.5 | 43.2% |
| Germany | 10.5 | 6.3 | 17.1 | 18.3 | 20.3% |
| Belgium | 13.0 | 7.4 | 13.6 | 14.4 | 3.5% |
| Italy | 6.2 | 3.0 | 6.1 | 7.8 | 8.0% |
| France | 1.6 | 0.7 | 0.8 | 3.8 | 33.4% |
| Sweden | 5.0 | 5.3 | 3.3 | 3.7 | -9.5% |
| Hungary | N/A | N/A | N/A | 3.2 | 0% |
| Taiwan (Chinese) | 0.9 | 5.7 | 7.6 | 0.9 | 0.0% |
| Netherlands | 1.2 | 0.6 | 3.0 | 0.5 | -25.3% |
| Others | 5.6 | 5.2 | 2.6 | 3.9 | -11.4% |
| Total | 50.3 | 38.9 | 64.7 | 75.0 | 14.2% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from the UK in 2022:
- Germany (19.5K tons)
- Spain (17.3K tons)
- Belgium (12.5K tons)
- Italy (6.0K tons)
- Sweden (3.1K tons)
- Hungary (2.9K tons)
- France (2.6K tons)
- Taiwan (Chinese) (1.1K tons)
- Netherlands (0.4K tons)
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK
In 2022, the amount of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses imported into the UK surged to 34K tons, picking up by 65% against the year before. Over the period under review, imports posted a mild expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses soared to $43M in 2022. In general, imports saw a noticeable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 2.5 | 2.7 | 1.7 | 13.2 | 74.1% |
| France | 9.3 | 3.8 | 10.9 | 9.4 | 0.4% |
| Germany | 10.0 | 2.7 | 2.2 | 7.3 | -10.0% |
| Spain | 2.5 | 3.0 | 1.1 | 6.1 | 34.6% |
| Netherlands | 5.7 | 2.1 | 5.6 | 4.8 | -5.6% |
| Italy | 1.6 | 1.3 | 2.1 | 1.4 | -4.4% |
| Luxembourg | 3.5 | 2.0 | 2.8 | N/A | -10.6% |
| Others | 3.1 | 2.3 | 1.9 | 1.2 | -27.1% |
| Total | 38.2 | 19.7 | 28.3 | 43.3 | 4.3% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to the UK in 2022:
- Czech Republic (13.5K tons)
- Germany (7.0K tons)
- France (5.2K tons)
- Spain (3.5K tons)
- Netherlands (3.2K tons)
- Italy (1.2K tons)
267
This report provides an in-depth analysis of the market for hot-rolled bearing steel wire rod in the UK.
504
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in the UK.
361
Global Market for Hot-Rolled Bearing Steel Wire Rod. This report provides an in-depth analysis of the global market for hot-rolled bearing steel wire rod.
1660
This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod.
267
This report provides an in-depth analysis of the market for hot-rolled bearing steel wire rod in the UK.
361
Global Market for Hot-Rolled Bearing Steel Wire Rod. This report provides an in-depth analysis of the global market for hot-rolled bearing steel wire rod.
127
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
1450
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
4246
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
1140
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
