Price for Steel, Alloy; Ingots and Other Primary Forms in China - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in China (CIF) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in China (FOB) - 2022
- Imports of Steel, Alloy; Ingots and Other Primary Forms in China
- Exports of Steel, Alloy; Ingots and Other Primary Forms in China
Price for Steel, Alloy; Ingots and Other Primary Forms in China (CIF) - 2022
The average import price for steel, alloy; ingots and other primary formses stood at $1,406 per ton in 2022, which is down by -13.5% against the previous year. Overall, the import price saw a deep contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 18% against the previous year. The import price peaked at $2,410 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($11,765 per ton), while the price for Japan ($716 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Ingots and Other Primary Forms in China (FOB) - 2022
In 2021, the average export price for steel, alloy; ingots and other primary formses amounted to $4,250 per ton, growing by 33% against the previous year. Over the period under review, the export price continues to indicate prominent growth. The growth pace was the most rapid in 2014 an increase of 87% against the previous year. The export price peaked in 2021 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($9,500 per ton), while the average price for exports to Germany ($1,301 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+135.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Ingots and Other Primary Forms in China
In 2022, supplies from abroad of steel, alloy; ingots and other primary formses decreased by -49.2% to 21K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year.
In value terms, imports of steel, alloy; ingots and other primary formses shrank remarkably to $30M in 2022. In general, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 62%. As a result, imports reached the peak of $67M, and then reduced remarkably in the following year.
| Import of Steel, Alloy; Ingots and Other Primary Forms in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 20.3 | 27.4 | 44.6 | 15.6 | -8.4% |
| Japan | 6.2 | 6.2 | 10.2 | 8.8 | 12.4% |
| Vietnam | 0.3 | 0.4 | 3.5 | 3.0 | 115.4% |
| Russia | N/A | N/A | 0.1 | 0.6 | 500.0% |
| Italy | 2.0 | 0.6 | 0.8 | 0.4 | -41.5% |
| Others | 4.7 | 6.9 | 7.9 | 1.2 | -36.6% |
| Total | 33.5 | 41.6 | 67.2 | 29.5 | -4.1% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to China in 2022:
- Japan (12.3K tons)
- Germany (5.1K tons)
- Vietnam (2.6K tons)
- Russia (0.5K tons)
- Italy (0.2K tons)
Exports of Steel, Alloy; Ingots and Other Primary Forms in China
In 2021, exports of steel, alloy; ingots and other primary formses from China skyrocketed to 139 tons, picking up by 416% against 2020 figures. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, alloy; ingots and other primary formses soared to $591K in 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Ingots and Other Primary Forms in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United Kingdom | N/A | N/A | 200 | 0% | |
| United Arab Emirates | 14.3 | N/A | 126 | 196.8% | |
| Ecuador | N/A | N/A | 98.6 | 0% | |
| Spain | 0.1 | N/A | 65.0 | 2449.5% | |
| Algeria | N/A | 1.9 | 34.9 | 1736.8% | |
| Vietnam | N/A | 34.0 | 32.8 | -3.5% | |
| Germany | 69.0 | 6.6 | 8.2 | -65.5% | |
| Others | 40.6 | 43.9 | 25.8 | -20.3% | |
| Total | 124 | 86.3 | 591 | 118.3% | |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from China in 2022:
- Ecuador (42.4 tons)
- Spain (26.9 tons)
- United Kingdom (22.0 tons)
- United Arab Emirates (13.2 tons)
- Vietnam (13.1 tons)
- Algeria (9.6 tons)
- Germany (6.3 tons)
1239
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in China.
4694
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
221
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2375
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
770
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1078
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
807
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
769
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
