Price for Iron and Non-Alloy Steel in Ingot in Finland - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Finland (CIF) - 2023
- Price for Iron and Non-Alloy Steel in Ingot in Finland (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Finland
- Exports of Iron and Non-Alloy Steel in Ingot in Finland
Price for Iron and Non-Alloy Steel in Ingot in Finland (CIF) - 2023
In September 2023, the average import price for iron and non-alloy steel in ingots amounted to $3,784 per ton, which is down by -3.4% against the previous month. Overall, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in October 2022 an increase of 208% month-to-month. As a result, import price reached the peak level of $15,227 per ton. From November 2022 to September 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Estonia ($13,817 per ton), while the price for China ($1,967 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron and Non-Alloy Steel in Ingot in Finland (FOB) - 2022
In 2022, the average export price for iron and non-alloy steel in ingots amounted to $16,011 per ton, picking up by 200% against the previous year. Over the period under review, the export price recorded prominent growth. Over the period under review, the average export prices reached the maximum at $22,800 per ton in 2019; however, from 2020 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 Australia ($16,764 per ton), while the average price for exports to the United States ($2,879 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+27.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron and Non-Alloy Steel in Ingot in Finland
In 2022, overseas purchases of iron and non-alloy steel in ingots were finally on the rise to reach 1.9K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt decrease.
In value terms, imports of iron and non-alloy steel in ingots soared to $11M in 2022. In general, imports recorded a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Iron and Non-Alloy Steel in Ingot in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,076 | 212 | 828 | 3,679 | 21.0% |
| Italy | 1,062 | 1,278 | 1,144 | 2,176 | 27.0% |
| Germany | 2,615 | 1,394 | 1,557 | 1,347 | -19.8% |
| Sweden | 157 | 292 | 262 | 547 | 51.6% |
| Estonia | 194 | 9.2 | 2.0 | 522 | 39.1% |
| Netherlands | 653 | 7.2 | N/A | 440 | -12.3% |
| Poland | 279 | 17.3 | 38.0 | 70.5 | -36.8% |
| France | 549 | 199 | 90.1 | 25.9 | -63.9% |
| Others | 330 | 171 | 573 | 2,358 | 92.6% |
| Total | 7,914 | 3,580 | 4,495 | 11,166 | 12.2% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Finland in 2022:
- Germany (582.0 tons)
- Italy (421.3 tons)
- Netherlands (241.2 tons)
- Sweden (227.2 tons)
- China (190.3 tons)
- Estonia (63.6 tons)
- Poland (34.3 tons)
- France (4.7 tons)
Exports of Iron and Non-Alloy Steel in Ingot in Finland
After three years of growth, shipments abroad of iron and non-alloy steel in ingots decreased by -84.4% to 18 tons in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 968% against the previous year. As a result, the exports attained the peak of 115 tons, and then reduced rapidly in the following year.
In value terms, exports of iron and non-alloy steel in ingots fell remarkably to $287K in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 288%. As a result, the exports reached the peak of $614K, and then fell markedly in the following year.
| Export of Iron and Non-Alloy Steel in Ingot in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | N/A | 89.6 | 160 | 228 | 59.5% |
| Netherlands | 2.4 | 18.7 | 10.2 | 17.8 | 95.0% |
| Australia | 0.1 | 5.4 | 4.1 | 8.3 | 336.2% |
| Sweden | N/A | 13.9 | 3.3 | 5.9 | -34.8% |
| Germany | N/A | N/A | 44.0 | 1.5 | -96.6% |
| United States | 0.5 | 5.5 | 1.8 | 1.1 | 30.1% |
| Uruguay | N/A | N/A | 363 | N/A | 0% |
| Others | 61.5 | 25.0 | 27.2 | 25.2 | -25.7% |
| Total | 64.5 | 158 | 614 | 287 | 64.5% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Finland in 2022:
- Estonia (15.1 tons)
- Netherlands (1.1 tons)
- Australia (0.5 tons)
- United States (0.4 tons)
- Sweden (0.4 tons)
- Germany (0.3 tons)
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