Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Denmark - 2023

Contents:

1. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Denmark (CIF) - 2022
2. Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Denmark (FOB) - 2022
3. Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Denmark
4. Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Denmark

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Denmark (CIF) - 2022

In 2022, the average import price for steel, alloy amounted to $1,323 per ton, surging by 3.8% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for steel, alloy increased by +85.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 68%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were France ($1,436 per ton) and Austria ($1,424 per ton), while the price for the Netherlands ($1,125 per ton) and Finland ($1,194 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Denmark (FOB) - 2022

In 2022, the average export price for steel, alloy amounted to $1,381 per ton, growing by 23% against the previous year. Overall, the export price enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 an increase of 47% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($4,364 per ton), while the average price for exports to the Netherlands ($561 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+53.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Denmark

In 2022, after two years of decline, there was significant growth in purchases abroad of steel, alloy, when their volume increased by 23% to 9.9K tons. Over the period under review, imports, however, continue to indicate a drastic downturn.

In value terms, imports of steel, alloy soared to $13M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +68.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils to Denmark in 2022:

1. Sweden (3.6K tons)
2. Germany (3.1K tons)
3. Austria (1.7K tons)
4. Finland (0.7K tons)
5. Slovakia (0.3K tons)
6. Poland (0.2K tons)
7. France (0.2K tons)

Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils in Denmark

In 2022, shipments abroad of steel, alloy increased by 14% to 238 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a deep slump.

In value terms, exports of steel, alloy surged to $329K in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, Hot-Rolled, in Coils from Denmark in 2022:

1. Finland (204.7 tons)
2. India (29.2 tons)
3. Netherlands (3.7 tons)

Source: IndexBox Market Intelligence Platform