Price for Iron and Non-Alloy Steel in Ingot in Romania - 2023
Contents:
- Price for Iron and Non-Alloy Steel in Ingot in Romania (CIF) - 2022
- Price for Iron and Non-Alloy Steel in Ingot in Romania (FOB) - 2023
- Imports of Iron and Non-Alloy Steel in Ingot in Romania
- Exports of Iron and Non-Alloy Steel in Ingot in Romania
Price for Iron and Non-Alloy Steel in Ingot in Romania (CIF) - 2022
In 2022, the average import price for iron and non-alloy steel in ingots amounted to $1,074 per ton, with an increase of 39% against the previous year. In general, the import price recorded a noticeable expansion. Over the period under review, average import prices hit record highs at $1,531 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($1,700 per ton), while the price for Croatia ($559 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron and Non-Alloy Steel in Ingot in Romania (FOB) - 2023
The average export price for iron and non-alloy steel in ingots stood at $4,001 per ton in August 2023, waning by -40.9% against the previous month. In general, the export price, however, posted a resilient expansion. The growth pace was the most rapid in September 2022 an increase of 180% against the previous month. The export price peaked at $6,770 per ton in July 2023, and then shrank dramatically in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($7,453 per ton), while the average price for exports to Belgium ($3,240 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron and Non-Alloy Steel in Ingot in Romania
Imports of iron and non-alloy steel in ingots into Romania contracted sharply to 3K tons in 2022, waning by -79.5% on the previous year. In general, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 505% against the previous year. As a result, imports reached the peak of 15K tons, and then reduced markedly in the following year.
In value terms, imports of iron and non-alloy steel in ingots contracted notably to $3.2M in 2022. Overall, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 205% against the previous year. As a result, imports attained the peak of $11M, and then fell dramatically in the following year.
| Import of Iron and Non-Alloy Steel in Ingot in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 948 | 506 | 716 | 1,048 | 3.4% |
| Italy | 1,266 | 1,295 | 3,945 | 672 | -19.0% |
| Hungary | 585 | 895 | 1,028 | 589 | 0.2% |
| Germany | 1,090 | 702 | 249 | 267 | -37.4% |
| Bulgaria | 62.4 | N/A | 27.0 | 147 | 33.1% |
| Croatia | N/A | N/A | 4,868 | 135 | -97.2% |
| Slovakia | N/A | 0.3 | 0.7 | 129 | 1973.6% |
| Others | 639 | 303 | 465 | 236 | -28.3% |
| Total | 4,590 | 3,701 | 11,299 | 3,223 | -11.1% |
Top Suppliers of Iron and Non-Alloy Steel in Ingot to Romania in 2022:
- Poland (1034.7 tons)
- Italy (511.1 tons)
- Hungary (433.4 tons)
- Germany (376.7 tons)
- Croatia (241.0 tons)
- Slovakia (102.9 tons)
- Bulgaria (86.2 tons)
Exports of Iron and Non-Alloy Steel in Ingot in Romania
In 2022, exports of iron and non-alloy steel in ingots from Romania skyrocketed to 1.3K tons, jumping by 32% against 2021 figures. Over the period under review, exports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,873% against the previous year. As a result, the exports reached the peak of 4.9K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of iron and non-alloy steel in ingots surged to $2.3M in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 108% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Iron and Non-Alloy Steel in Ingot in Romania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | N/A | N/A | 772 | 1,103 | 42.9% |
| Italy | 941 | 637 | 744 | 831 | -4.1% |
| Austria | 35.1 | N/A | 102 | 330 | 111.1% |
| Turkey | N/A | 1,473 | N/A | N/A | 0% |
| Others | 39.2 | 3.6 | 11.6 | 50.6 | 8.9% |
| Total | 1,015 | 2,114 | 1,629 | 2,315 | 31.6% |
Top Export Markets for Iron and Non-Alloy Steel in Ingot from Romania in 2022:
- Hungary (879.3 tons)
- Italy (229.5 tons)
- Austria (134.4 tons)
554
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Romania.
330
This report provides an in-depth analysis of the non-alloy steel ingot market in Romania.
558
This report provides an in-depth analysis of the iron and steel market in Romania.
4792
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
501
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
1160
This report provides an in-depth analysis of the global iron and steel market.
554
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Romania.
330
This report provides an in-depth analysis of the non-alloy steel ingot market in Romania.
4792
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
501
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
313
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.
2446
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.
819
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...
1138
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...
846
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...
816
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...
258
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.
313
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.
2446
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.
819
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...
