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Italy - Hot-Rolled Steel Bars and Rods - Market Analysis, Forecast, Size, Trends and Insights
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View PricingItaly's Price for Hot-Rolled Steel Bars and Rods Surges to $1,051 per Ton
Italy Hot-Rolled Steel Bar and Rod Export Price in April 2023
In April 2023, the hot-rolled steel bar and rod price amounted to $1,051 per ton (FOB, Italy), picking up by 8.9% against the previous month. Over the period under review, the export price, however, showed a pronounced decrease. The export price peaked at $1,410 per ton in May 2022; however, from June 2022 to April 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($1,441 per ton), while the average price for exports to Cyprus ($736 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-1.6%), while the prices for the other major destinations experienced a decline.
COUNTRY | Export Price of Hot-Rolled Steel Bar and Rod in Italy (USD per ton) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | |
Switzerland | 1,804 | 1,798 | 1,942 | 1,661 | 1,412 | 1,534 | 1,537 | 1,504 | 1,888 | 1,682 | 1,240 | 1,406 | 1,441 |
Germany | 1,335 | 1,403 | 1,361 | 1,167 | 1,094 | 1,153 | 1,138 | 1,084 | 1,031 | 1,115 | 1,028 | 1,004 | 1,096 |
Spain | 1,352 | 1,282 | 1,315 | 1,149 | 1,176 | 1,193 | 1,125 | 1,013 | 1,124 | 1,141 | 1,142 | 1,083 | 1,082 |
France | 1,347 | 1,371 | 1,360 | 1,199 | 1,127 | 1,118 | 1,103 | 1,075 | 1,081 | 1,047 | 1,019 | 974 | 1,053 |
Poland | 1,290 | 1,210 | 1,077 | 1,049 | 898 | 1,017 | 920 | 934 | 840 | 921 | 877 | 894 | 945 |
Romania | 1,228 | 1,107 | 1,410 | 1,237 | 1,123 | 1,127 | 1,197 | 739 | 747 | 1,066 | 874 | 845 | 908 |
Czech Republic | 1,346 | 1,341 | 1,234 | 1,018 | 1,024 | 1,029 | 968 | 865 | 935 | 922 | 850 | 889 | 903 |
Hungary | 1,335 | 1,326 | 1,146 | 936 | 967 | 1,030 | 884 | 881 | 766 | 878 | 894 | 836 | 903 |
Austria | 1,307 | 1,291 | 1,162 | 1,006 | 975 | 939 | 907 | 914 | 868 | 807 | 802 | 809 | 870 |
Slovakia | 1,293 | 1,236 | 1,056 | 930 | 874 | 928 | 824 | 838 | 775 | 839 | 792 | 788 | 843 |
Slovenia | 1,325 | 1,270 | 1,059 | 925 | 921 | 931 | 883 | 835 | 884 | 837 | 796 | 777 | 843 |
Croatia | 1,271 | 1,137 | 944 | 875 | 895 | 920 | 788 | 770 | 769 | 784 | 775 | 755 | 801 |
Cyprus | 1,087 | 906 | 772 | 693 | 687 | 1,909 | 730 | 701 | 721 | 737 | 714 | 867 | 736 |
Average | 1,393 | 1,410 | 1,348 | 1,170 | 1,093 | 1,162 | 1,082 | 1,026 | 1,034 | 1,066 | 985 | 965 | 1,051 |
Italy Hot-Rolled Steel Bar and Rod Export Prices by Type
Prices varied noticeably by the product type; the product with the highest price was steel, stainless ($5,801 per ton), while the average price for exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils ($787 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for the following types: hot-rolled wire stainless steel rod (+0.3%), while the prices for the other products experienced mixed trend patterns.
Italy Hot-Rolled Steel Bar and Rod Exports
After three months of growth, shipments abroad of hot-rolled steel bars and rods decreased by -29.8% to 290K tons in April 2023. Overall, exports saw a mild decline. The pace of growth appeared the most rapid in September 2022 when exports increased by 45% m-o-m.
In value terms, hot-rolled steel bar and rod exports reduced notably to $305M (IndexBox estimates) in April 2023. Over the period under review, exports saw a noticeable curtailment. The growth pace was the most rapid in September 2022 with an increase of 54% month-to-month.
Italy Hot-Rolled Steel Bar and Rod Exports by Type
Iron or non-alloy steel; bars and rods, not further worked than forged, hot-rolled, hot drawn or hot-extruded, but including those twisted after rolling (128K tons), iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils (92K tons) and steel, alloy; bars and rods, hot-rolled, in irregularly wound coils (31K tons) were the main products of hot-rolled steel bar and rod exports from Italy, together accounting for 87% of total exports.
From April 2022 to April 2023, the biggest increases were in steel, alloy; bars and rods, hot-rolled, in irregularly wound coils (with a CAGR of +3.2%), while shipments for the other products experienced a decline.
In value terms, iron or non-alloy steel; bars and rods, not further worked than forged, hot-rolled, hot drawn or hot-extruded, but including those twisted after rolling ($116M), iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coils ($72M) and hot-rolled bars in bearing steels ($44M) were the most exported types of hot-rolled steel bars and rods from Italy worldwide, together comprising 76% of total exports. These products were followed by steel, alloy; bars and rods, hot-rolled, in irregularly wound coils, hot-rolled wire rod in coil of stainless steel, hot-rolled round bars of stainless steel and steel, stainless, which together accounted for a further 24%.
Steel, alloy; bars and rods, hot-rolled, in irregularly wound coils, with a CAGR of +0.7%, recorded the highest growth rate of the value of exports, among the main product categories over the period under review, while shipments for the other products experienced a decline.
Italy Hot-Rolled Steel Bar and Rod Exports by Country
Germany (57K tons) was the main destination for hot-rolled steel bar and rod exports from Italy, accounting for a 20% share of total exports. Moreover, hot-rolled steel bar and rod exports to Germany exceeded the volume sent to the second major destination, France (26K tons), twofold. The third position in this ranking was held by the Czech Republic (24K tons), with an 8.3% share.
From April 2022 to April 2023, the average monthly growth rate of volume to Germany totaled -1.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: France (-0.3% per month) and the Czech Republic (+0.1% per month).
In value terms, Germany ($63M) remains the key foreign market for hot-rolled steel bar and rod exports from Italy, comprising 21% of total exports. The second position in the ranking was held by France ($28M), with a 9.1% share of total exports. It was followed by the Czech Republic, with a 7.2% share.
From April 2022 to April 2023, the average monthly growth rate of value to Germany totaled -3.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: France (-2.3% per month) and the Czech Republic (-3.2% per month).
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in Italy. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other wire rod (of non-alloy steel)
- Prodcom 24106210 - Hot-rolled concrete reinforcing bars
- Prodcom 24106230 - Hot-rolled bars in free-cutting steels
- Prodcom 24106250 - Forged bars of steel and hot-rolled bars (excluding hollow drill bars and rods) of non-alloy steel (of other than of free-cutting steel)
- Prodcom 24106300 - Hot-rolled wire rod in coil, of stainless steel
- Prodcom 24106410 - Hot-rolled round bars, of stainless steel
- Prodcom 24106430 - Bars and rods of stainless steel, only hot-rolled, only hotdrawn or only extruded (excluding of circular cross-section)
- Prodcom 24106510 - Bars and rods of high-speed steel, hot-rolled, in irregularly wound coils
- Prodcom 24106530 - Bars and rods of silico-manganese steel, hot-rolled, in irregularly wound coils
- Prodcom 24106550 - Hot-rolled wire rod, of bearing steel
- Prodcom 24106570 - Bars and rods of alloy steel other than stainless, hot-rolled, in irregularly wound coils (excluding products of bearing steel, h igh-speed steel or silico-manganese steel)
- Prodcom 24106630 - Hot-rolled bars in bearing steels
- Prodcom 24106640 - Hot-rolled bars in tool steels
- Prodcom 24106650 - Hot-rolled bars (excluding hollow drill bars and rods) of alloy steel (other than of stainless, tool, silico-manganese, bearing and high speed steel)
Country coverage:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023