Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the UK - 2023
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the UK (FOB) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the UK (CIF) - 2022
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the UK
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the UK
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the UK (FOB) - 2022
In 2022, the average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $4,338 per ton, surging by 38% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia increased by +82.6% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($6,352 per ton), while the average price for exports to the United States ($3,653 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 (+7.8%), 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 the UK (CIF) - 2022
In 2022, the average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia amounted to $7,206 per ton, increasing by 21% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 44%. As a result, import price reached the peak level of $8,432 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 the United States ($26,336 per ton), while the price for Sweden ($5,218 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the UK
In 2022, the amount of steel, stainless; semi-finished products, other than of rectangular cross-sectia exported from the UK stood at 77K tons, growing by 7% compared with 2021. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 50%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia soared to $334M in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 98%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 39.7 | 44.3 | 93.5 | 162 | 59.8% |
| Portugal | 22.5 | 21.8 | 41.0 | 67.1 | 43.9% |
| United States | 35.1 | 21.7 | 35.4 | 35.9 | 0.8% |
| China | 0.2 | 0.4 | 3.0 | 15.9 | 330.0% |
| Italy | 1.4 | 0.1 | 0.2 | 11.9 | 104.1% |
| Spain | 17.5 | 11.9 | 28.4 | 10.0 | -17.0% |
| Germany | 4.8 | 3.8 | 6.5 | 7.6 | 16.6% |
| Others | 13.0 | 10.1 | 18.2 | 23.3 | 21.5% |
| Total | 134 | 114 | 226 | 334 | 35.6% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from the UK in 2022:
- Sweden (41.0K tons)
- Portugal (14.6K tons)
- United States (9.8K tons)
- Italy (2.6K tons)
- China (2.5K tons)
- Spain (1.9K tons)
- Germany (1.5K tons)
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in the UK
Imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia into the UK surged to 3.5K tons in 2022, jumping by 17% on 2021. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia surged to $25M in 2022. The total import value increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 4.8 | 4.0 | 5.0 | 9.0 | 23.3% |
| Spain | 5.7 | 1.6 | 4.4 | 7.1 | 7.6% |
| Italy | 1.6 | 4.5 | 2.0 | 3.6 | 31.0% |
| United States | 3.9 | 2.7 | 0.9 | 1.3 | -30.7% |
| China | 1.3 | 0.8 | 0.9 | 1.1 | -5.4% |
| Norway | 0.4 | 0.6 | 1.1 | 0.7 | 20.5% |
| Others | 5.6 | 4.1 | 3.7 | 2.7 | -21.6% |
| Total | 23.2 | 18.3 | 18.1 | 25.5 | 3.2% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to the UK in 2022:
- Sweden (1733.6 tons)
- Spain (1266.6 tons)
- Italy (184.2 tons)
- Norway (105.8 tons)
- China (79.0 tons)
- United States (49.3 tons)
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