Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Iraq - 2022

Contents:

1. Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Iraq (CIF) - 2022
2. Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Iraq

Price for Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Iraq (CIF) - 2022

In 2022, the average import price for steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s amounted to $2,509 per ton, falling by -7.6% against the previous year. Overall, the import price, however, continues to indicate a notable increase. The pace of growth was the most pronounced in 2016 when the average import price increased by 60% against the previous year. The import price peaked at $3,986 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($5,871 per ton), while the price for Iran ($1,710 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+16.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 in Iraq

After three years of growth, purchases abroad of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s decreased by -53.2% to 53 tons in 2022. Overall, imports, however, continue to indicate noticeable growth. The most prominent rate of growth was recorded in 2021 with an increase of 128%. As a result, imports reached the peak of 113 tons, and then declined dramatically in the following year.

In value terms, imports of steel, stainless; flat-rolled, width less than 600mm, nes in heading no 7220s declined remarkably to $133K in 2022. In general, imports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2021 when imports increased by 78%. As a result, imports reached the peak of $307K, and then fell remarkably in the following year.

Top Suppliers of Steel, Stainless; Flat-Rolled, Width Less than 600mm, Nes in Heading No 7220 to Iraq in 2022:

1. Iran (29.9 tons)
2. Turkey (21.4 tons)
3. China (0.9 tons)
4. United States (0.4 tons)