Overview of the Global Market for Raw Steel And Steel Semi-Finished Products

Market Size for Raw Steel And Steel Semi-Finished Products

The global market for raw steel and steel semi-finished products declined slightly to $X.5B in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the global market reached the peak level at $X.8B in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Raw Steel And Steel Semi-Finished Products

In value terms, production of raw steel and steel semi-finished products declined modestly to $X.8B in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production attained the peak level of $X.3B. From 2019 to 2022, global production of growth remained at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Raw Steel And Steel Semi-Finished Products

Exports

After seven years of growth, shipments abroad of raw steel and steel semi-finished products decreased by X% to X tons in 2022. Over the period under review, exports saw a mild decline. The most prominent rate of growth was recorded in 2017 with an increase of X%. The global exports peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, exports of raw steel and steel semi-finished products fell sharply to $X in 2022. Overall, exports, however, posted a modest increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

In 2022, Russia (X tons), distantly followed by Brazil (X tons), Iran (X tons), Indonesia (X tons) and Japan (X tons) represented the key exporters of raw steel and steel semi-finished products, together creating X% of total exports. Ukraine (X tons), India (X tons), Germany (X tons), Oman (X tons), Vietnam (X tons) and Malaysia (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest raw steel and steel semi-finished products supplying countries worldwide were Russia ($X), Brazil ($X) and Indonesia ($X), with a combined X% share of global exports.

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for raw steel and steel semi-finished products amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% 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 raw steel and steel semi-finished products increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The global export price peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other global leaders experienced more modest paces of growth.

Imports of Raw Steel And Steel Semi-Finished Products

Imports

In 2022, after four years of growth, there was significant decline in supplies from abroad of raw steel and steel semi-finished products, when their volume decreased by X% to X tons. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. Global imports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, imports of raw steel and steel semi-finished products contracted to $X in 2022. Overall, total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X tons), followed by the United States (X tons), Turkey (X tons), Indonesia (X tons), Italy (X tons), Taiwan (Chinese) (X tons) and the Philippines (X tons) represented the major importers of raw steel and steel semi-finished products, together committing X% of total imports. The following importers - Thailand (X tons), Belgium (X tons), South Korea (X tons), Kazakhstan (X tons), France (X tons) and the United Arab Emirates (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kazakhstan (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest raw steel and steel semi-finished products importing markets worldwide were China ($X), the United States ($X) and Turkey ($X), together accounting for X% of global imports. Italy, Taiwan (Chinese), Indonesia, Thailand, the Philippines, France, Belgium, South Korea, the United Arab Emirates and Kazakhstan lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Kazakhstan, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for raw steel and steel semi-finished products stood at $X per ton in 2022, rising by X% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for raw steel and steel semi-finished products increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Global import price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :