Price for Steel, Stainless; Ingots and Other Primary Forms in the UK - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in the UK (CIF) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in the UK (FOB) - 2022
- Imports of Steel, Stainless; Ingots and Other Primary Forms in the UK
- Exports of Steel, Stainless; Ingots and Other Primary Forms in the UK
Price for Steel, Stainless; Ingots and Other Primary Forms in the UK (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $5,932 per ton in 2022, shrinking by -9.6% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 43%. Over the period under review, average import prices attained the maximum at $6,872 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($20,100 per ton), while the price for Malta ($1,904 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Ingots and Other Primary Forms in the UK (FOB) - 2022
In 2022, the average export price for steel, stainless; ingots and other primary formses amounted to $7,250 per ton, increasing by 54% against the previous year. Over the period under review, the export price, however, recorded a mild shrinkage. The growth pace was the most rapid in 2018 an increase of 58%. Over the period under review, the average export prices reached the maximum at $10,688 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($85,354 per ton), while the average price for exports to Russia ($3,612 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 Austria (+32.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Ingots and Other Primary Forms in the UK
In 2022, imports of steel, stainless; ingots and other primary formses into the UK skyrocketed to 2.6K tons, with an increase of 176% compared with 2021 figures. In general, imports continue to indicate a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; ingots and other primary formses surged to $16M in 2022. Over the period under review, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Ingots and Other Primary Forms in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.4 | 2.2 | 4.8 | 10.8 | 8.7% |
| Sweden | N/A | N/A | 0.6 | 3.5 | 483.3% |
| Malta | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.9 | 0.9 | 0.9 | 1.0 | 3.6% |
| Total | 9.2 | 3.1 | 6.2 | 15.6 | 19.2% |
Top Suppliers of Steel, Stainless; Ingots and Other Primary Forms to the UK in 2022:
- United States (2011.2 tons)
- Sweden (387.6 tons)
- Malta (127.9 tons)
Exports of Steel, Stainless; Ingots and Other Primary Forms in the UK
In 2022, approx. 850 tons of steel, stainless; ingots and other primary formses were exported from the UK; with a decrease of -71.4% on the previous year's figure. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 233% against the previous year. As a result, the exports reached the peak of 3K tons, and then shrank markedly in the following year.
In value terms, exports of steel, stainless; ingots and other primary formses declined sharply to $6.2M in 2022. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 82%. As a result, the exports attained the peak of $14M, and then reduced remarkably in the following year.
| Export of Steel, Stainless; Ingots and Other Primary Forms in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | 962 | 7,028 | 1,629 | 30.1% |
| Italy | 639 | 619 | 455 | 1,163 | 22.1% |
| France | 530 | 406 | 511 | 723 | 10.9% |
| Czech Republic | 350 | 113 | 2,992 | 498 | 12.5% |
| Germany | 27.6 | 5.5 | 265 | 416 | 147.0% |
| Spain | 297 | 173 | 274 | 301 | 0.4% |
| Ireland | 219 | 146 | 318 | 175 | -7.2% |
| Sweden | 113 | 44.3 | 93.2 | 99.7 | -4.1% |
| United States | 1,037 | 525 | 647 | 90.5 | -55.6% |
| India | 734 | 526 | 426 | 39.6 | -62.2% |
| Malaysia | 690 | N/A | N/A | N/A | 0% |
| Romania | 300 | N/A | 6.8 | N/A | -84.9% |
| Others | 5,671 | 4,150 | 980 | 1,025 | -43.5% |
| Total | 10,607 | 7,670 | 13,996 | 6,160 | -16.6% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from the UK in 2022:
- Russia (451.0 tons)
- Czech Republic (106.0 tons)
- Italy (80.5 tons)
- France (50.8 tons)
- Germany (31.9 tons)
- Spain (30.2 tons)
- Sweden (22.6 tons)
- Ireland (21.1 tons)
- India (5.4 tons)
- United States (2.3 tons)
527
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in the UK.
4692
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.
2371
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...
767
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...
