Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in the UK - 2024
Contents:
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in the UK (CIF) - 2022
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in the UK (FOB) - 2024
- Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in the UK
- Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in the UK
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in the UK (CIF) - 2022
In 2022, the average import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia amounted to $15,664 per ton, falling by -1.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2013 an increase of 21%. The import price peaked at $19,377 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 the United States ($90,079 per ton), while the price for China ($9,673 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+15.2%), 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 the UK (FOB) - 2024
The average export price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $39,822 per ton in August 2023, standing approximately at the previous month. Over the period under review, the export price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 681% month-to-month. Over the period under review, the average export prices hit record highs at $50,542 per ton in January 2023; however, from February 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Switzerland ($125K per ton), while the average price for exports to Slovakia ($9,417 per ton) was amongst the lowest.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+33.4%), 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 the UK
In 2022, the amount of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia imported into the UK shrank significantly to 4.3K tons, which is down by -27.9% compared with 2021. In general, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 95%.
In value terms, imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia fell notably to $68M in 2022. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 95%.
Import of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Czech Republic | 63.3 | 9.0 | 23.0 | 16.5 | -36.1% |
Sweden | 16.0 | 7.6 | 33.0 | 7.4 | -22.7% |
China | 0.3 | 0.6 | 3.2 | 6.4 | 177.3% |
United States | 3.9 | 3.7 | 4.4 | 6.3 | 17.3% |
Spain | 3.7 | 4.2 | 4.2 | 6.2 | 18.8% |
India | 3.7 | 3.1 | 4.0 | 5.2 | 12.0% |
Italy | 0.9 | 5.3 | 6.0 | 2.8 | 46.0% |
South Korea | 2.9 | 2.2 | 1.6 | 2.8 | -1.2% |
Ukraine | 4.6 | 1.9 | 0.5 | 2.1 | -23.0% |
Taiwan (Chinese) | 1.2 | 1.7 | 2.6 | 2.1 | 20.5% |
Germany | 6.3 | 4.9 | 4.7 | 1.8 | -34.1% |
Others | 6.2 | 5.2 | 8.7 | 8.3 | 10.2% |
Total | 113 | 49.3 | 96.0 | 67.9 | -15.6% |
Top Suppliers of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section to the UK in 2022:
- Czech Republic (1226.3 tons)
- China (663.3 tons)
- Spain (525.8 tons)
- India (501.5 tons)
- Sweden (277.1 tons)
- Italy (241.0 tons)
- South Korea (191.0 tons)
- Ukraine (177.3 tons)
- Taiwan (Chinese) (156.7 tons)
- United States (69.4 tons)
- Germany (61.4 tons)
Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in the UK
In 2022, the amount of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia exported from the UK soared to 1.5K tons, growing by 74% against the previous year. Over the period under review, exports showed strong growth. 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; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia surged to $50M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.4% 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 +94.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Korea | N/A | N/A | N/A | 10.3 | 0% |
United States | 8.2 | 5.0 | 5.9 | 8.5 | 1.2% |
France | 3.9 | 1.5 | 1.0 | 4.5 | 4.9% |
China | 1.6 | 1.7 | 2.1 | 2.8 | 20.5% |
Germany | 3.2 | 2.2 | 3.0 | 2.6 | -6.7% |
Switzerland | 1.8 | 1.2 | 2.3 | 2.1 | 5.3% |
Netherlands | 1.6 | 1.8 | 1.7 | 2.0 | 7.7% |
India | 0.5 | 0.4 | 0.7 | 1.1 | 30.1% |
Belgium | 0.5 | 0.6 | 1.2 | 1.1 | 30.1% |
Poland | 0.9 | 0.4 | 0.5 | 1.0 | 3.6% |
Ireland | 0.8 | 0.7 | 1.0 | 0.9 | 4.0% |
Spain | 1.1 | 0.5 | 0.6 | 0.8 | -10.1% |
Turkey | 0.1 | 0.1 | 0.4 | 0.5 | 71.0% |
Others | 15.6 | 9.4 | 11.4 | 11.4 | -9.9% |
Total | 40.0 | 25.5 | 31.7 | 49.5 | 7.4% |
Top Export Markets for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section from the UK in 2022:
- South Korea (243.9 tons)
- France (179.5 tons)
- Netherlands (107.0 tons)
- United States (104.2 tons)
- Germany (85.1 tons)
- Belgium (76.3 tons)
- Poland (73.9 tons)
- Spain (45.5 tons)
- China (40.9 tons)
- Ireland (37.3 tons)
- India (36.8 tons)
- Turkey (34.2 tons)
- Switzerland (33.9 tons)
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