Price for Steel, Alloy; Ingots and Other Primary Forms in the United States - 2023
Contents:
- Price for Steel, Alloy; Ingots and Other Primary Forms in the United States (FOB) - 2022
- Price for Steel, Alloy; Ingots and Other Primary Forms in the United States (CIF) - 2023
- Exports of Steel, Alloy; Ingots and Other Primary Forms in the United States
- Imports of Steel, Alloy; Ingots and Other Primary Forms in the United States
Price for Steel, Alloy; Ingots and Other Primary Forms in the United States (FOB) - 2022
In 2022, the average export price for steel, alloy; ingots and other primary formses amounted to $3,516 per ton, growing by 34% against the previous year. In general, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the average export price increased by 88% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($7,534 per ton), while the average price for exports to Canada ($1,930 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 Mexico (+6.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Steel, Alloy; Ingots and Other Primary Forms in the United States (CIF) - 2023
In September 2023, the average import price for steel, alloy; ingots and other primary formses amounted to $9,290 per ton, rising by 160% against the previous month. Over the period under review, the import price, however, recorded a abrupt decline. Over the period under review, average import prices attained the maximum at $26,447 per ton in December 2022; however, from January 2023 to September 2023, import prices remained at a 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 the UK ($37,819 per ton), while the price for Canada amounted to $3,160 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the UK (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Alloy; Ingots and Other Primary Forms in the United States
After three years of growth, shipments abroad of steel, alloy; ingots and other primary formses decreased by -12% to 18K tons in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.5% 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 +42.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, the exports attained the peak of 21K tons, and then fell in the following year.
In value terms, exports of steel, alloy; ingots and other primary formses skyrocketed to $64M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +19.3% 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 +69.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Steel, Alloy; Ingots and Other Primary Forms in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 11.7 | 13.5 | 22.8 | 24.6 | 28.1% |
| Austria | 1.5 | 4.1 | 6.8 | 11.2 | 95.5% |
| China | 5.5 | 12.8 | 14.2 | 8.1 | 13.8% |
| Mexico | 2.5 | 1.3 | 4.7 | 2.8 | 3.8% |
| United Kingdom | 1.6 | 0.5 | 0.3 | 1.6 | 0.0% |
| Germany | 2.5 | 1.0 | 0.4 | 0.4 | -45.7% |
| Others | 12.1 | 10.3 | 5.0 | 15.0 | 7.4% |
| Total | 37.5 | 43.5 | 54.2 | 63.7 | 19.3% |
Top Export Markets for Steel, Alloy; Ingots and Other Primary Forms from the United States in 2022:
- Canada (12.8K tons)
- Austria (1.5K tons)
- Mexico (1.3K tons)
- China (1.1K tons)
- United Kingdom (0.3K tons)
- Germany (0.3K tons)
Imports of Steel, Alloy; Ingots and Other Primary Forms in the United States
In 2022, approx. 4.2K tons of steel, alloy; ingots and other primary formses were imported into the United States; picking up by 46% on 2021 figures. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy; ingots and other primary formses surged to $19M in 2022. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Ingots and Other Primary Forms in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1.1 | 2.2 | 4.4 | 7.4 | 88.8% |
| United Kingdom | 5.1 | 3.1 | 2.5 | 3.6 | -11.0% |
| Australia | N/A | N/A | N/A | 3.0 | 0% |
| France | 0.9 | 1.1 | 1.7 | 2.8 | 46.0% |
| Germany | 1.0 | 1.5 | 0.2 | 0.8 | -7.2% |
| Mexico | 1.5 | 1.7 | 0.1 | N/A | -74.2% |
| Others | 1.0 | 0.3 | 0.6 | 1.1 | 3.2% |
| Total | 10.5 | 10.0 | 9.6 | 18.8 | 21.4% |
Top Suppliers of Steel, Alloy; Ingots and Other Primary Forms to the United States in 2022:
- Canada (3357.8 tons)
- Germany (217.8 tons)
- France (216.1 tons)
- Australia (124.3 tons)
- United Kingdom (121.2 tons)
- Mexico (1.7 tons)
682
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in the U.S..
4693
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
218
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.
2372
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.
767
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...
1076
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...
768
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...
