Price for Iron and Non-Alloy Steel in Ingot in Australia - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Australia (FOB) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Australia (CIF) - 2022
- Exports of Iron and Non-Alloy Steel in Ingot in Australia
- Imports of Iron and Non-Alloy Steel in Ingot in Australia
Price for Iron and Non-Alloy Steel in Ingot in Australia (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $1,094 per ton in 2022, with a decrease of -17.4% against the previous year. In general, the export price faced a dramatic decline. The pace of growth appeared the most rapid in 2021 when the average export price increased by 29% against the previous year. The export price peaked at $13,570 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($31,313 per ton), while the average price for exports to New Zealand amounted to $909 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.6%), while the prices for the other major destinations experienced a decline.
Price for Iron and Non-Alloy Steel in Ingot in Australia (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $584 per ton in 2022, dropping by -52.5% against the previous year. Overall, the import price showed a deep reduction. The growth pace was the most rapid in 2017 when the average import price increased by 71% against the previous year. The import price peaked at $2,816 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,567 per ton), while the price for South Africa ($284 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron and Non-Alloy Steel in Ingot in Australia
In 2022, overseas shipments of iron and non-alloy steel in ingots increased by 5.6% to 1.1K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a sharp downturn.
In value terms, exports of iron and non-alloy steel in ingots declined to $1.2M in 2022. Overall, exports, however, faced a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 20%.
| Export of Iron and Non-Alloy Steel in Ingot in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,163 | 714 | 1,103 | 1,143 | -0.6% |
| Singapore | 1,037 | 288 | N/A | 7.0 | -81.1% |
| Others | 280 | 125 | 248 | 29.3 | -52.9% |
| Total | 2,480 | 1,127 | 1,352 | 1,179 | -22.0% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Australia in 2022:
- New Zealand (1256.8 tons)
- Singapore (10.2 tons)
Imports of Iron and Non-Alloy Steel in Ingot in Australia
For the fourth year in a row, Australia recorded growth in purchases abroad of iron and non-alloy steel in ingots, which increased by 3.9% to 1.9K tons in 2022. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 399%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of iron and non-alloy steel in ingots dropped remarkably to $1.1M in 2022. In general, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 401%. As a result, imports attained the peak of $2.2M, and then dropped markedly in the following year.
| Import of Iron and Non-Alloy Steel in Ingot in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 132 | 335 | 982 | 754 | 78.8% |
| Germany | N/A | N/A | 67.6 | 87.8 | 29.9% |
| Belgium | 55.8 | 27.0 | N/A | 76.5 | 11.1% |
| Brazil | N/A | N/A | 802 | 74.9 | -90.7% |
| United States | 101 | 5.1 | 313 | 73.6 | -10.0% |
| South Africa | N/A | N/A | 70.5 | 21.8 | -69.1% |
| Italy | 102 | 58.5 | N/A | N/A | -42.6% |
| Others | 40.0 | 22.3 | 9.5 | 20.0 | -20.6% |
| Total | 431 | 448 | 2,245 | 1,108 | 37.0% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Australia in 2022:
- China (414.2 tons)
- South Africa (77.0 tons)
- Belgium (43.1 tons)
- Brazil (41.1 tons)
- Germany (40.7 tons)
- United States (9.7 tons)
536
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Australia.
327
This report provides an in-depth analysis of the non-alloy steel ingot market in Australia.
438
This report provides an in-depth analysis of the iron and steel market in Australia.
4758
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
491
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
1131
This report provides an in-depth analysis of the global iron and steel market.
536
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Australia.
327
This report provides an in-depth analysis of the non-alloy steel ingot market in Australia.
4758
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
491
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
298
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.
2416
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.
800
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1118
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
837
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
800
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
228
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
298
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.
2416
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.
800
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
