Production of Iron and Non-Alloy Steel in Ingot in Belgium - 2022
Iron and Non-Alloy Steel in Ingot Production in Belgium - 2022
In 2022, after two years of growth, there was decline in production of iron and non-alloy steel in ingots, when its volume decreased by -4.4% to 6.6M tons. The total output volume increased at an average annual rate of +3.9% over the period from 2020 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 13%. As a result, production attained the peak volume of 6.9M tons, and then fell slightly in the following year.
In value terms, production of iron and non-alloy steel in ingots expanded rapidly to $6.7B in 2022 estimated in export price. In general, the total production indicated a significant increase from 2020 to 2022: its value increased at an average annual rate of +30.7% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +70.9% against 2020 indices. The growth pace was the most rapid in 2021 when the production volume increased by 54% against the previous year. Production of peaked in 2022 and is likely to see gradual growth in years to come.
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This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Belgium.
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This report provides an in-depth analysis of the non-alloy steel ingot market in Belgium.
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This report provides an in-depth analysis of the iron and steel market in Belgium.
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This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
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Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
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This report provides an in-depth analysis of the global iron and steel market.
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This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Belgium.
283
This report provides an in-depth analysis of the non-alloy steel ingot market in Belgium.
4690
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
465
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
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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.
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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.
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