Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Luxembourg - 2023
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Luxembourg (FOB) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Luxembourg (CIF) - 2022
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Luxembourg
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Luxembourg
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Luxembourg (FOB) - 2022
The average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $31,328 per ton in 2022, rising by 110% against the previous year. In general, the export price posted resilient growth. The growth pace was the most rapid in 2016 when the average export price increased by 669% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($55,390 per ton), while the average price for exports to Pakistan ($3,167 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+14,037.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Luxembourg (CIF) - 2022
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $8,489 per ton in 2022, which is down by -9.7% against the previous year. Overall, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 113% against the previous year. As a result, import price reached the peak level of $27,272 per ton. From 2020 to 2022, the average import prices remained 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 Italy ($31,843 per ton), while the price for Germany ($5,670 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+91.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Luxembourg
In 2022, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia from Luxembourg surged to 2.3 tons, growing by 125% compared with the previous year's figure. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 194%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia surged to $71K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 61.5 | 0% |
| Mexico | N/A | N/A | N/A | 6.8 | 0% |
| Tanzania | N/A | N/A | N/A | 0.7 | 0% |
| Saudi Arabia | N/A | N/A | N/A | 0.4 | 0% |
| Pakistan | 0.3 | 0.4 | N/A | 0.3 | 0.0% |
| Cote d'Ivoire | N/A | N/A | 0.6 | N/A | 0% |
| South Korea | N/A | N/A | 12.0 | N/A | 0% |
| Belgium | 9.6 | N/A | N/A | N/A | 0% |
| Egypt | N/A | N/A | 0.4 | N/A | 0% |
| Algeria | N/A | 1.6 | N/A | N/A | 0% |
| Others | 0.6 | 2.2 | 2.1 | 0.9 | 14.5% |
| Total | 10.5 | 4.2 | 15.0 | 70.6 | 88.7% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Luxembourg in 2022:
- United States (1684.0 kg)
- Tanzania (204.0 kg)
- Mexico (123.0 kg)
- Pakistan (102.0 kg)
- Saudi Arabia (102.0 kg)
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Luxembourg
After three years of growth, overseas purchases of steel, stainless; semi-finished products, other than of rectangular cross-sectia decreased by -53.3% to 7 tons in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 124%. As a result, imports reached the peak of 15 tons, and then contracted remarkably in the following year.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia reduced remarkably to $60K in 2022. Overall, imports showed a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 90%. As a result, imports attained the peak of $142K, and then shrank notably in the following year.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 17.8 | 50.6 | 53.6 | 33.3 | 23.2% |
| Germany | 4.2 | 23.7 | 39.7 | 11.7 | 40.7% |
| France | 17.4 | N/A | 44.7 | 8.9 | -20.0% |
| United Kingdom | N/A | N/A | 0.6 | 3.4 | 466.7% |
| South Korea | 31.4 | N/A | N/A | N/A | 0% |
| Others | 12.9 | 0.1 | 3.0 | 2.3 | -43.7% |
| Total | 83.7 | 74.3 | 142 | 59.7 | -10.7% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Luxembourg in 2022:
- Belgium (4.3 tons)
- Germany (2.1 tons)
- France (0.4 tons)
- United Kingdom (0.2 tons)
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