Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Singapore - 2023
Contents:
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Singapore (CIF) - 2023
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Singapore (FOB) - 2022
- Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Singapore
- Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Singapore
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Singapore (CIF) - 2023
The average import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $37,371 per ton in September 2022, reducing by -17.1% against the previous month. In general, import price indicated a prominent expansion from June 2022 to September 2022: its price increased at an average monthly rate of +8.8% over the last three-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia increased by +28.9% against June 2022 indices. The pace of growth appeared the most rapid in August 2022 when the average import price increased by 36% month-to-month. As a result, import price attained the peak level of $45,082 per ton, and then declined markedly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was the United States ($193K per ton), while the price for South Korea ($2,924 per ton) was amongst the lowest.
From June 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Thailand (+41.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Singapore (FOB) - 2022
The average export price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $14,371 per ton in 2022, which is down by -15.5% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 108% against the previous year. As a result, the export price reached the peak level of $17,003 per ton, and then shrank dramatically 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 China ($59,041 per ton), while the average price for exports to Sri Lanka ($1,856 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 Thailand (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Singapore
In 2022, supplies from abroad of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia increased by 5.8% to 1.7K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a dramatic decrease.
In value terms, imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia skyrocketed to $36M in 2022. Over the period under review, imports, however, continue to indicate a deep downturn.
| Import of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.7 | 8.0 | 8.8 | 15.8 | 27.1% |
| Thailand | 0.9 | 1.1 | 3.5 | 8.9 | 114.6% |
| United States | 17.8 | 6.0 | 4.1 | 4.0 | -39.2% |
| Germany | 2.0 | 1.6 | 2.0 | 1.7 | -5.3% |
| Sweden | 6.1 | 4.2 | 1.6 | 1.2 | -41.8% |
| Czech Republic | N/A | 0.1 | 0.3 | 1.1 | 231.7% |
| Japan | 5.6 | 2.5 | 0.4 | 0.6 | -52.5% |
| India | N/A | 0.5 | 0.1 | 0.6 | 9.5% |
| South Korea | 1.2 | 0.6 | 0.7 | 0.5 | -25.3% |
| Others | 7.0 | 4.2 | 2.0 | 1.6 | -38.9% |
| Total | 48.4 | 28.7 | 23.5 | 36.0 | -9.4% |
Top Suppliers of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section to Singapore in 2022:
- China (788.6 tons)
- Thailand (386.8 tons)
- South Korea (165.2 tons)
- United States (101.0 tons)
- India (52.2 tons)
- Japan (45.8 tons)
- Czech Republic (42.6 tons)
- Sweden (38.8 tons)
- Germany (31.6 tons)
Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Singapore
In 2022, overseas shipments of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia increased by 40% to 718 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a deep contraction.
In value terms, exports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia surged to $10M in 2022. Overall, exports, however, saw a deep reduction.
| Export of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2,801 | 1,031 | 2,752 | 2,329 | -6.0% |
| China | 2,628 | 1,374 | 2,710 | 1,765 | -12.4% |
| Indonesia | 7,829 | 3,471 | 1,313 | 1,627 | -40.8% |
| Thailand | 269 | 121 | 94.3 | 877 | 48.3% |
| Brunei Darussalam | 448 | 442 | 677 | 526 | 5.5% |
| Australia | 80.0 | 46.7 | 35.0 | 410 | 72.4% |
| Brazil | 38.1 | N/A | 217 | 382 | 115.6% |
| United Arab Emirates | 14.1 | 24.0 | 96.1 | 375 | 198.5% |
| India | 90.9 | 83.9 | 106 | 305 | 49.7% |
| New Zealand | 33.5 | 105 | 41.6 | 232 | 90.6% |
| Sri Lanka | N/A | N/A | N/A | 208 | 0% |
| Turkey | N/A | 304 | N/A | N/A | 0% |
| Others | 811 | 744 | 691 | 1,275 | 16.3% |
| Total | 15,043 | 7,748 | 8,733 | 10,311 | -11.8% |
Top Export Markets for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section from Singapore in 2022:
- Indonesia (273.9 tons)
- Sri Lanka (112.0 tons)
- Malaysia (64.7 tons)
- United Arab Emirates (37.7 tons)
- India (30.2 tons)
- China (29.9 tons)
- Brunei Darussalam (29.7 tons)
- Thailand (29.7 tons)
- Australia (26.2 tons)
- New Zealand (20.4 tons)
- Brazil (18.1 tons)
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