Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Canada - 2024
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Canada (FOB) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Canada (CIF) - 2022
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Canada
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Canada
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Canada (FOB) - 2022
In 2022, the average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $4,499 per ton, rising by 28% against the previous year. Over the period under review, the export price posted a strong increase. The growth pace was the most rapid in 2020 an increase of 85%. Over the period under review, the average export prices attained the maximum at $5,823 per ton in 2015; however, from 2016 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 the United States ($5,452 per ton), while the average price for exports to the UK ($729 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 Italy (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Canada (CIF) - 2022
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $608 per ton in 2022, with an increase of 6.5% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2015 an increase of 18% against the previous year. Over the period under review, average import prices hit record highs at $2,269 per ton in 2017; however, from 2018 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 Brazil ($885 per ton), while the price for China ($141 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.9%), while the prices for the other major suppliers experienced a decline.
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Canada
In 2022, the amount of steel, stainless; semi-finished products, other than of rectangular cross-sectia exported from Canada declined sharply to 1.7K tons, which is down by -20% compared with the previous year's figure. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia rose modestly to $7.8M in 2022. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 85%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.2 | 3.4 | 7.1 | 7.1 | 30.4% |
| Italy | N/A | N/A | 0.1 | 0.2 | 100.0% |
| United Kingdom | N/A | N/A | N/A | 0.2 | 0% |
| Taiwan (Chinese) | N/A | N/A | N/A | 0.1 | 0% |
| Japan | N/A | N/A | N/A | 0.1 | 0% |
| Saudi Arabia | N/A | 0.3 | 0.1 | N/A | -66.7% |
| Others | 0.3 | 0.4 | 0.3 | 0.1 | -30.7% |
| Total | 3.5 | 4.1 | 7.6 | 7.8 | 30.6% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Canada in 2022:
- United States (1306.6 tons)
- United Kingdom (231.0 tons)
- Italy (81.0 tons)
- Taiwan (Chinese) (48.0 tons)
- Japan (35.6 tons)
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Canada
In 2022, approx. 11K tons of steel, stainless; semi-finished products, other than of rectangular cross-sectia were imported into Canada; increasing by 37% against the previous year. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia skyrocketed to $6.8M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.2% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,242 | 3,218 | 2,558 | 4,122 | 8.3% |
| United Kingdom | 547 | 73.0 | 108 | 1,037 | 23.8% |
| India | 118 | 139 | 305 | 293 | 35.4% |
| China | 413 | 186 | 446 | 266 | -13.6% |
| Brazil | 20.4 | 168 | 323 | 152 | 95.3% |
| Morocco | 13.9 | N/A | N/A | 16.7 | 6.3% |
| Others | 435 | 487 | 914 | 913 | 28.0% |
| Total | 4,788 | 4,270 | 4,654 | 6,799 | 12.4% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Canada in 2022:
- United States (6.8K tons)
- China (1.9K tons)
- United Kingdom (1.5K tons)
- India (0.5K tons)
- Brazil (0.2K tons)
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