Price for Steel, Stainless; Ingots and Other Primary Forms in Canada - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Canada (FOB) - 2023
- Price for Steel, Stainless; Ingots and Other Primary Forms in Canada (CIF) - 2023
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Canada
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Canada
Price for Steel, Stainless; Ingots and Other Primary Forms in Canada (FOB) - 2023
In December 2023, the average export price for steel, stainless; ingots and other primary formses amounted to $3,227 per ton, reducing by -12% against the previous month. In general, the export price saw a slight decrease. The pace of growth appeared the most rapid in October 2023 an increase of 13% against the previous month. The export price peaked at $4,076 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to -1.9% per month.
Price for Steel, Stainless; Ingots and Other Primary Forms in Canada (CIF) - 2023
The average import price for steel, stainless; ingots and other primary formses stood at $4,015 per ton in December 2023, growing by 18% against the previous month. Over the period under review, import price indicated modest growth from December 2022 to December 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for steel, stainless; ingots and other primary formses decreased by -17.0% against September 2023 indices. The growth pace was the most rapid in June 2023 when the average import price increased by 93% against the previous month. As a result, import price reached the peak level of $5,799 per ton. From July 2023 to December 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From December 2022 to December 2023, the rate of growth in terms of prices for the United States amounted to +2.1% per month.
Exports of Steel, Stainless; Ingots and Other Primary Forms in Canada
In 2022, shipments abroad of steel, stainless; ingots and other primary formses decreased by -38.2% to 7.8K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 98%. As a result, the exports attained the peak of 13K tons, and then fell sharply in the following year.
In value terms, exports of steel, stainless; ingots and other primary formses declined to $32M in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 157% against the previous year. As a result, the exports attained the peak of $36M, and then fell in the following year.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.9 | 14.0 | 36.0 | 32.2 | 87.3% |
| Indonesia | 0.6 | N/A | N/A | N/A | 0% |
| Others | 0.2 | N/A | 0.1 | N/A | -29.3% |
| Total | 5.7 | 14.1 | 36.2 | 32.2 | 78.1% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Canada in 2022:
- United States (7.8K tons)
Imports of Steel, Stainless; Ingots and Other Primary Forms in Canada
In 2022, supplies from abroad of steel, stainless; ingots and other primary formses increased by 72% to 4.7K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt slump.
In value terms, imports of steel, stainless; ingots and other primary formses surged to $15M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.1 | 9.1 | 6.6 | 15.1 | 23.1% |
| China | 0.1 | N/A | N/A | N/A | 0% |
| Israel | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 8.2 | 9.1 | 6.7 | 15.2 | 22.8% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Canada in 2022:
- United States (4.7K tons)
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