Price for Iron and Non-Alloy Steel in Ingot in China - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in China (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in China (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in China
- Exports of Iron and Non-Alloy Steel in Ingot in China
Price for Iron and Non-Alloy Steel in Ingot in China (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $728 per ton in 2022, increasing by 9.2% against the previous year. In general, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 80% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($2,801 per ton), while the price for Germany ($424 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron and Non-Alloy Steel in Ingot in China (FOB) - 2022
In 2021, the average export price for iron and non-alloy steel in ingots amounted to $1,544 per ton, increasing by 24% against the previous year. In general, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for iron and non-alloy steel in ingots increased by +68.0% against 2017 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($4,495 per ton), while the average price for exports to Myanmar ($688 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Non-Alloy Steel in Ingot in China
In 2022, the amount of iron and non-alloy steel in ingots imported into China fell dramatically to 2.2K tons, declining by -23.2% compared with 2021. Over the period under review, imports showed a dramatic curtailment. The smallest decline of -16.2% was in 2020.
In value terms, imports of iron and non-alloy steel in ingots dropped markedly to $1.6M in 2022. Overall, imports recorded a abrupt setback. The smallest decline of -15.8% was in 2020.
| Import of Iron and Non-Alloy Steel in Ingot in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Democratic People's Republic of Korea | 2,153 | 702 | N/A | 797 | -28.2% |
| Japan | 466 | 616 | 293 | 509 | 3.0% |
| Taiwan (Chinese) | 71.7 | 42.5 | 183 | 110 | 15.3% |
| United Arab Emirates | N/A | 768 | 1,262 | N/A | 64.3% |
| Others | 147 | 260 | 155 | 173 | 5.6% |
| Total | 2,837 | 2,390 | 1,893 | 1,589 | -17.6% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to China in 2022:
- Democratic People's Republic of Korea (1862.0 tons)
- Japan (181.6 tons)
- Taiwan (Chinese) (118.4 tons)
Exports of Iron and Non-Alloy Steel in Ingot in China
In 2021, the amount of iron and non-alloy steel in ingots exported from China contracted sharply to 581 tons, waning by -44.3% on the previous year's figure. Over the period under review, exports faced a dramatic decrease. The smallest decline of -4.7% was in 2020.
In value terms, exports of iron and non-alloy steel in ingots dropped sharply to $897K in 2021. Overall, exports faced a dramatic decline. The smallest decline of -11.7% was in 2020.
| Export of Iron and Non-Alloy Steel in Ingot in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | 237 | 805 | 392 | 28.6% | |
| Australia | 204 | 200 | 355 | 31.9% | |
| Japan | 43.0 | 24.2 | 61.6 | 19.7% | |
| Democratic Republic of the Congo | N/A | N/A | 22.1 | 0% | |
| United Arab Emirates | 469 | N/A | N/A | 0% | |
| Oman | 275 | N/A | N/A | 0% | |
| Others | 241 | 268 | 66.3 | -47.5% | |
| Total | 1,469 | 1,297 | 897 | -21.9% | |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from China in 2022:
- United States (273.9 tons)
- Australia (249.2 tons)
- Democratic Republic of the Congo (21.7 tons)
- Japan (13.7 tons)
1352
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in China.
330
This report provides an in-depth analysis of the non-alloy steel ingot market in China.
521
This report provides an in-depth analysis of the iron and steel market in China.
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.
1352
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in China.
330
This report provides an in-depth analysis of the non-alloy steel ingot market in China.
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...
