Price for Steel, Stainless; Angles, Shapes and Sections in the UK - 2024
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in the UK (CIF) - 2022
- Price for Steel, Stainless; Angles, Shapes and Sections in the UK (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in the UK
- Exports of Steel, Stainless; Angles, Shapes and Sections in the UK
Price for Steel, Stainless; Angles, Shapes and Sections in the UK (CIF) - 2022
The average import price for steel, stainless stood at $2,556 per ton in 2022, waning by -39.6% against the previous year. Overall, the import price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 an increase of 18% against the previous year. As a result, import price reached the peak level of $5,408 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($8,095 per ton), while the price for Spain ($2,470 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Stainless; Angles, Shapes and Sections in the UK (FOB) - 2022
In 2022, the average export price for steel, stainless amounted to $15,061 per ton, declining by -7.1% against the previous year. In general, the export price, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 when the average export price increased by 134%. Over the period under review, the average export prices reached the maximum at $16,209 per ton in 2021, and then declined in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($25,523 per ton), while the average price for exports to Sweden ($7,034 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 (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in the UK
In 2022, approx. 8.3K tons of steel, stainless were imported into the UK; growing by 88% on the previous year's figure. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless skyrocketed to $31M in 2022. Overall, imports posted a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Angles, Shapes and Sections in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.4 | 0.4 | 2.5 | 10.7 | 97.0% |
| Spain | 5.9 | 3.3 | 4.7 | 6.6 | 3.8% |
| Ireland | 0.3 | 0.5 | 0.2 | 3.0 | 115.4% |
| Germany | 5.3 | 3.6 | 4.9 | 2.0 | -27.7% |
| China | 1.2 | 0.8 | 1.2 | 1.9 | 16.6% |
| Switzerland | 0.2 | 0.3 | 0.4 | 1.1 | 76.5% |
| Italy | 0.5 | 0.8 | 0.9 | 1.0 | 26.0% |
| Turkey | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Netherlands | 1.6 | 4.2 | 2.1 | 0.3 | -42.8% |
| Others | 1.9 | 1.3 | 1.6 | 3.5 | 22.6% |
| Total | 18.4 | 15.3 | 18.6 | 30.5 | 18.3% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to the UK in 2022:
- India (3192.8 tons)
- Spain (2658.0 tons)
- Ireland (678.4 tons)
- Germany (456.7 tons)
- China (414.9 tons)
- Turkey (150.3 tons)
- Switzerland (139.5 tons)
- Italy (137.3 tons)
- Netherlands (49.7 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in the UK
In 2022, overseas shipments of steel, stainless were finally on the rise to reach 2K tons for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless soared to $30M in 2022. Overall, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Angles, Shapes and Sections in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 3.1 | 4.1 | 9.3 | 12.0 | 57.0% |
| United States | 3.1 | 1.2 | 1.5 | 2.8 | -3.3% |
| Romania | N/A | 0.1 | N/A | 1.4 | 274.2% |
| Germany | 2.2 | 1.1 | 1.0 | 1.1 | -20.6% |
| Czech Republic | 0.3 | 0.1 | 0.2 | 1.0 | 49.4% |
| China | 1.1 | 0.5 | 0.7 | 1.0 | -3.1% |
| India | 0.2 | 0.1 | 0.1 | 0.9 | 65.1% |
| Norway | 0.6 | 0.6 | 0.3 | 0.6 | 0.0% |
| Italy | 0.3 | 0.4 | 1.1 | 0.5 | 18.6% |
| Singapore | 0.9 | 0.3 | 0.5 | 0.5 | -17.8% |
| Malaysia | 0.2 | 0.1 | 0.2 | 0.5 | 35.7% |
| France | 1.7 | 0.2 | 0.3 | 0.3 | -43.9% |
| Sweden | 0.1 | 0.8 | 0.1 | 0.3 | 44.2% |
| Others | 5.9 | 5.2 | 4.2 | 7.2 | 6.9% |
| Total | 19.9 | 14.9 | 19.6 | 30.2 | 14.9% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from the UK in 2022:
- Ireland (945.1 tons)
- United States (161.0 tons)
- Czech Republic (115.4 tons)
- India (81.3 tons)
- Germany (80.8 tons)
- China (56.9 tons)
- Romania (53.4 tons)
- Singapore (48.1 tons)
- Malaysia (43.2 tons)
- Sweden (41.1 tons)
- Norway (40.3 tons)
- France (35.1 tons)
- Italy (33.4 tons)
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