Price for Iron and Non-Alloy Steel in Ingot in Luxembourg - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Luxembourg (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Luxembourg (FOB) - 2022
- Imports of Iron and Non-Alloy Steel in Ingot in Luxembourg
- Exports of Iron and Non-Alloy Steel in Ingot in Luxembourg
Price for Iron and Non-Alloy Steel in Ingot in Luxembourg (CIF) - 2022
The average import price for iron and non-alloy steel in ingots stood at $2,923 per ton in 2022, which is down by -12.3% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 277% against the previous year. Over the period under review, average import prices attained the maximum at $6,653 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($3,985 per ton), while the price for Belgium ($2,196 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+47.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron and Non-Alloy Steel in Ingot in Luxembourg (FOB) - 2022
The average export price for iron and non-alloy steel in ingots stood at $2,299 per ton in 2022, shrinking by -92.5% against the previous year. Overall, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 an increase of 7,969%. As a result, the export price attained the peak level of $62,590 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($32,750 per ton), while the average price for exports to the Netherlands ($1,000 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 France (+33.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Non-Alloy Steel in Ingot in Luxembourg
In 2022, imports of iron and non-alloy steel in ingots into Luxembourg dropped modestly to 100 tons, stabilizing at the year before. In general, imports recorded a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 60% against the previous year.
In value terms, imports of iron and non-alloy steel in ingots reduced to $293K in 2022. Over the period under review, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year.
Import of Iron and Non-Alloy Steel in Ingot in Luxembourg (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 703 | 64.0 | 191 | 180 | -36.5% |
Belgium | 41.9 | 40.1 | 26.8 | 107 | 36.7% |
France | 149 | 91.3 | 112 | N/A | -13.3% |
Portugal | 198 | N/A | N/A | N/A | 0% |
Netherlands | 86.8 | 15.9 | N/A | N/A | -81.7% |
Others | 243 | 10.4 | 5.4 | 5.9 | -71.0% |
Total | 1,422 | 222 | 335 | 293 | -40.9% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Luxembourg in 2022:
- Germany (51.1 tons)
- Belgium (48.8 tons)
Exports of Iron and Non-Alloy Steel in Ingot in Luxembourg
For the third year in a row, Luxembourg recorded decline in shipments abroad of iron and non-alloy steel in ingots, which decreased by -33.2% to 12 tons in 2022. In general, exports saw a precipitous decrease. The smallest decline of -30.7% was in 2021.
In value terms, exports of iron and non-alloy steel in ingots declined dramatically to $27K in 2022. Overall, exports continue to indicate a precipitous decline. The growth pace was the most rapid in 2021 with an increase of 5.8% against the previous year.
Export of Iron and Non-Alloy Steel in Ingot in Luxembourg (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | N/A | N/A | N/A | 15.5 | 0% |
Belgium | 42.4 | 28.9 | 3.5 | 9.5 | -39.3% |
France | 265 | 466 | 524 | 1.3 | -83.0% |
Portugal | 180 | N/A | N/A | 0.3 | -88.1% |
Spain | 37.5 | N/A | N/A | N/A | 0% |
Germany | 532 | N/A | N/A | N/A | 0% |
Poland | 16.9 | N/A | N/A | N/A | 0% |
Czech Republic | 27.6 | N/A | N/A | N/A | 0% |
Netherlands | 56.9 | N/A | N/A | N/A | 0% |
Others | N/A | 4.3 | N/A | N/A | 0% |
Total | 1,159 | 499 | 528 | 26.6 | -71.6% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Luxembourg in 2022:
- Italy (9.5 tons)
- Belgium (4.3 tons)
- Portugal (0.2 tons)
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Luxembourg.
This report provides an in-depth analysis of the iron and steel market in Luxembourg.
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
This report provides an in-depth analysis of the global iron and steel market.
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Luxembourg.
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
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.
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.
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...
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...
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...
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...
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.
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.
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.
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...