Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus - 2022
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus (CIF) - 2022
In March 2022, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $653 per ton, which is down by -29.7% against the previous month. Over the period under review, the import price showed a perceptible decline. The pace of growth was the most pronounced in June 2021 when the average import price increased by 60% m-o-m. As a result, import price attained the peak level of $1,246 per ton. From July 2021 to March 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was Ukraine ($790 per ton), while the price for Russia stood at $649 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus (FOB) - 2022
In March 2022, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $729 per ton, falling by -24.1% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in August 2021 when the average export price increased by 11% month-to-month. Over the period under review, the average export prices reached the peak figure at $986 per ton in October 2021; however, from November 2021 to March 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From March 2021 to March 2022, the rate of growth in terms of prices for Germany amounted to +1.1% per month.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus
In 2022, the amount of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses imported into Belarus skyrocketed to 25K tons, increasing by 18% compared with the year before. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 37%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $24M in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 102%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 10.3 | 7.8 | 14.8 | 21.3 | 27.4% |
| Others | 1.6 | 1.3 | 3.6 | 3.0 | 23.3% |
| Total | 12.0 | 9.1 | 18.4 | 24.3 | 26.5% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Belarus in 2022:
- Russia (24.9K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus
In 2022, approx. 16K tons of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses were exported from Belarus; increasing by 73% against the previous year's figure. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $16M in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 4.9 | 3.4 | 5.4 | 11.0 | 30.9% |
| Germany | 0.2 | 0.1 | 2.2 | 4.5 | 182.3% |
| Czech Republic | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Others | 0.1 | 0.2 | N/A | 0.1 | 0.0% |
| Total | 5.6 | 3.7 | 7.6 | 15.6 | 40.7% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Belarus in 2022:
- Russia (10.7K tons)
- Germany (4.8K tons)
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