Price for Steel, Stainless; Angles, Shapes and Sections in Turkey - 2024
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Turkey (FOB) - 2024
- Price for Steel, Stainless; Angles, Shapes and Sections in Turkey (CIF) - 2024
- Exports of Steel, Stainless; Angles, Shapes and Sections in Turkey
- Imports of Steel, Stainless; Angles, Shapes and Sections in Turkey
Price for Steel, Stainless; Angles, Shapes and Sections in Turkey (FOB) - 2024
In January 2024, the average export price for steel, stainless amounted to $5,295 per ton, growing by 36% against the previous month. Overall, export price indicated measured growth from February 2023 to January 2024: its price increased at an average monthly rate of +3.6% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2024 figures, export price for steel, stainless increased by +75.4% against July 2023 indices. The growth pace was the most rapid in May 2023 an increase of 72% m-o-m. As a result, the export price reached the peak level of $5,598 per ton. From June 2023 to January 2024, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was Germany ($10,481 per ton), while the average price for exports to Mauritania ($1,883 per ton) was amongst the lowest.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Stainless; Angles, Shapes and Sections in Turkey (CIF) - 2024
In January 2024, the average import price for steel, stainless amounted to $2,947 per ton, waning by -57.4% against the previous month. Over the period under review, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in March 2023 an increase of 54% m-o-m. The import price peaked at $7,723 per ton in April 2023; however, from May 2023 to January 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($10,266 per ton), while the price for India amounted to $2,524 per ton.
From February 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced a decline.
Exports of Steel, Stainless; Angles, Shapes and Sections in Turkey
In 2022, shipments abroad of steel, stainless was finally on the rise to reach 2.7K tons after two years of decline. The total export volume increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless soared to $14M in 2022. Overall, exports showed strong growth. 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 Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,471 | 2,816 | 1,407 | 4,806 | 11.5% |
| Uzbekistan | 79.6 | 11.6 | 6.1 | 1,986 | 192.2% |
| Israel | 210 | 289 | 553 | 957 | 65.8% |
| Bulgaria | 282 | 302 | 393 | 533 | 23.6% |
| Iraq | 312 | 184 | 428 | 366 | 5.5% |
| Russia | 34.0 | 318 | 111 | 356 | 118.8% |
| Tanzania | 689 | 195 | N/A | 236 | -30.0% |
| Morocco | 57.4 | 84.6 | 74.2 | 218 | 56.0% |
| Austria | N/A | 454 | 0.3 | 181 | -36.9% |
| Tunisia | 0.2 | 28.7 | 98.2 | 179 | 863.7% |
| France | 126 | 59.6 | 148 | 178 | 12.2% |
| Netherlands | 5.5 | 89.9 | 42.6 | 111 | 172.3% |
| North Macedonia | 48.8 | 42.7 | 31.7 | 94.0 | 24.4% |
| Others | 3,362 | 2,919 | 3,732 | 3,413 | 0.5% |
| Total | 8,676 | 7,796 | 7,026 | 13,611 | 16.2% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Turkey in 2022:
- Germany (468.7 tons)
- Israel (427.7 tons)
- Iraq (119.6 tons)
- Morocco (112.0 tons)
- Bulgaria (102.2 tons)
- Austria (88.1 tons)
- Uzbekistan (84.6 tons)
- Tanzania (77.1 tons)
- Tunisia (76.0 tons)
- France (75.7 tons)
- Russia (69.9 tons)
- Netherlands (63.9 tons)
- North Macedonia (56.7 tons)
Imports of Steel, Stainless; Angles, Shapes and Sections in Turkey
In 2022, overseas purchases of steel, stainless decreased by -22.4% to 1.6K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 19%. As a result, imports attained the peak of 2K tons, and then dropped significantly in the following year.
In value terms, imports of steel, stainless rose slightly to $8.6M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Steel, Stainless; Angles, Shapes and Sections in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2.3 | 2.7 | 3.9 | 3.7 | 17.2% |
| France | 1.9 | 1.6 | 2.3 | 1.7 | -3.6% |
| Austria | N/A | 0.3 | 0.5 | 1.2 | 100.0% |
| China | N/A | N/A | 0.2 | 0.4 | 100.0% |
| Germany | 0.2 | 0.5 | 0.8 | 0.3 | 14.5% |
| Others | 0.8 | 0.5 | 0.6 | 1.1 | 11.2% |
| Total | 5.3 | 5.7 | 8.2 | 8.6 | 17.5% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Turkey in 2022:
- India (929.4 tons)
- France (306.4 tons)
- Austria (115.3 tons)
- China (91.4 tons)
- Germany (32.9 tons)
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