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)
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in Romania.
This report provides an in-depth analysis of the non-alloy steel ingot market in Romania.
This report provides an in-depth analysis of the iron and steel market in Romania.
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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 Romania.
This report provides an in-depth analysis of the non-alloy steel ingot market in Romania.
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.
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