Price for Steel, Stainless; Ingots and Other Primary Forms in Finland - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Finland (CIF) - 2023
- Price for Steel, Stainless; Ingots and Other Primary Forms in Finland (FOB) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Finland
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Finland
Price for Steel, Stainless; Ingots and Other Primary Forms in Finland (CIF) - 2023
The average import price for steel, stainless; ingots and other primary formses stood at $42,219 per ton in October 2023, increasing by 124% against the previous month. Overall, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 440% month-to-month. The import price peaked in October 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($73,775 per ton), while the price for India amounted to $41,856 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+71.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Ingots and Other Primary Forms in Finland (FOB) - 2022
In 2022, the average export price for steel, stainless; ingots and other primary formses amounted to $17,341 per ton, waning by -49% against the previous year. Overall, the export price saw a perceptible downturn. The pace of growth appeared the most rapid in 2019 when the average export price increased by 141% against the previous year. As a result, the export price reached the peak level of $126,585 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -31.4% per year.
Imports of Steel, Stainless; Ingots and Other Primary Forms in Finland
In 2022, supplies from abroad of steel, stainless; ingots and other primary formses decreased by -81.4% to 1.4K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 2,993%. As a result, imports attained the peak of 7.4K tons, and then declined rapidly in the following year.
In value terms, imports of steel, stainless; ingots and other primary formses reduced sharply to $13M in 2022. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 1,286% against the previous year. As a result, imports reached the peak of $69M, and then shrank markedly in the following year.
| Import of Steel, Stainless; Ingots and Other Primary Forms in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | 54.3 | 8.5 | -84.3% |
| Germany | 0.7 | 0.9 | 1.1 | 2.8 | 58.7% |
| India | 1.1 | 1.4 | 1.6 | 1.0 | -3.1% |
| Sweden | 0.8 | 1.6 | 0.5 | 0.4 | -20.6% |
| United Kingdom | N/A | N/A | 10.8 | N/A | 0% |
| Others | 1.0 | 1.2 | 0.9 | 0.2 | -41.5% |
| Total | 3.6 | 5.0 | 69.2 | 13.0 | 53.4% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to Finland in 2022:
- United States (1217.9 tons)
- Germany (90.4 tons)
- India (49.8 tons)
- Sweden (11.6 tons)
- United Kingdom (0.2 tons)
Exports of Steel, Stainless; Ingots and Other Primary Forms in Finland
Exports of steel, stainless; ingots and other primary formses from Finland soared to 91 tons in 2022, picking up by 72% on 2021. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 903%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of steel, stainless; ingots and other primary formses contracted to $1.6M in 2022. Overall, exports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 300%. As a result, the exports reached the peak of $1.8M, and then fell in the following year.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 14.4 | 1.5 | 1,794 | 1,574 | 378.1% |
| Ukraine | N/A | 395 | N/A | N/A | 0% |
| Others | 219 | 54.8 | 9.7 | 4.5 | -72.6% |
| Total | 234 | 451 | 1,804 | 1,578 | 88.9% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Finland in 2022:
- Sweden (90.8 tons)
689
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Finland.
4693
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
217
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2372
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
766
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1075
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
806
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
768
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
