Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Mexico - 2023
Contents:
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Mexico (CIF) - 2023
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Mexico (FOB) - 2023
- Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Mexico
- Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Mexico
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Mexico (CIF) - 2023
In June 2023, the average import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia amounted to $12,897 per ton, shrinking by -3.4% against the previous month. Over the period under review, import price indicated measured growth from December 2022 to June 2023: its price increased at an average monthly rate of +4.8% over the last six-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia decreased by -11.0% against April 2023 indices. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 38% against the previous month. Over the period under review, average import prices attained the peak figure at $14,489 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($36,910 per ton), while the price for China ($7,214 per ton) was amongst the lowest.
From December 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Mexico (FOB) - 2023
In June 2023, the average export price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia amounted to $16,368 per ton, approximately equating the previous month. Over the period under review, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 117% against the previous month. As a result, the export price attained the peak level of $54,290 per ton. From May 2023 to June 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From February 2023 to June 2023, the rate of growth in terms of prices for the United States amounted to -10.8% per month.
Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Mexico
In 2022, imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia into Mexico declined to 6.3K tons, falling by -4.1% compared with the previous year's figure. Over the period under review, imports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 88%. As a result, imports attained the peak of 6.6K tons, and then declined slightly in the following year.
In value terms, imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia skyrocketed to $76M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +15.5% 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 +84.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.4 | 13.6 | 27.4 | 32.5 | 20.9% |
| United States | 13.7 | 10.3 | 11.3 | 18.4 | 10.3% |
| South Korea | 5.7 | 5.4 | 8.1 | 12.4 | 29.6% |
| Germany | 3.0 | 2.5 | 3.9 | 5.4 | 21.6% |
| Japan | 2.1 | 2.0 | 3.0 | 2.7 | 8.7% |
| India | 1.0 | 0.2 | 2.1 | 1.6 | 17.0% |
| Ukraine | 2.0 | 4.0 | 1.6 | 0.8 | -26.3% |
| Others | 3.8 | 3.5 | 2.1 | 2.6 | -11.9% |
| Total | 49.6 | 41.5 | 59.5 | 76.4 | 15.5% |
Top Suppliers of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section to Mexico in 2022:
- China (4197.4 tons)
- South Korea (838.1 tons)
- United States (767.0 tons)
- India (170.9 tons)
- Germany (154.3 tons)
- Ukraine (68.0 tons)
- Japan (62.9 tons)
Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Mexico
In 2022, overseas shipments of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia decreased by -27.7% to 44 tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt decline. The pace of growth was the most pronounced in 2020 when exports increased by 203% against the previous year. As a result, the exports attained the peak of 190 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia contracted markedly to $963K in 2022. In general, exports saw a pronounced setback. The growth pace was the most rapid in 2020 when exports increased by 187%. As a result, the exports attained the peak of $3.1M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.1 | 3.0 | 1.7 | 1.0 | -3.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.1 | 3.1 | 1.7 | 1.0 | -3.1% |
Top Export Markets for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section from Mexico in 2022:
- United States (44.5 tons)
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