Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria (FOB) - 2023
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria (CIF) - 2023
The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $638 per ton in August 2023, approximately mirroring the previous month. In general, the import price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 14% month-to-month. As a result, import price attained the peak level of $836 per ton. From May 2023 to August 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Serbia ($672 per ton), while the price for the UK amounted to $666 per ton.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.8%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria (FOB) - 2023
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $861 per ton in August 2023, which is down by -8.4% against the previous month. In general, the export price recorded a abrupt setback. The growth pace was the most rapid in May 2023 an increase of 3.6% against the previous month. Over the period under review, the average export prices reached the peak figure at $1,306 per ton in December 2022; however, from January 2023 to August 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In August 2023, the country with the highest price was Liechtenstein ($1,350 per ton), while the average price for exports to Turkey amounted to $1,265 per ton.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (-0.4%), while the prices for the other major destinations experienced a decline.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria
In 2022, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Austria rose slightly to 450K tons, surging by 3.2% on the year before. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 16% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses surged to $463M in 2022. Overall, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 95% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 131 | 111 | 234 | 279 | 28.7% |
| Germany | 63.3 | 59.6 | 97.7 | 149 | 33.0% |
| Czech Republic | 6.0 | 8.3 | 15.5 | 15.0 | 35.7% |
| Bosnia and Herzegovina | 6.3 | 3.0 | 4.0 | 9.4 | 14.3% |
| Others | 5.0 | 2.9 | 10.1 | 11.0 | 30.1% |
| Total | 211 | 185 | 361 | 463 | 29.9% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Austria in 2022:
- Italy (257.3K tons)
- Germany (161.0K tons)
- Czech Republic (13.8K tons)
- Bosnia and Herzegovina (9.5K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria
Exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from Austria dropped to 66K tons in 2022, remaining constant against the year before. Over the period under review, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 14%.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $83M in 2022. In general, total exports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 16.7 | 13.6 | 20.0 | 26.4 | 16.5% |
| Liechtenstein | N/A | 12.7 | 15.1 | 21.7 | 30.7% |
| Italy | 10.3 | 8.2 | 11.3 | 12.7 | 7.2% |
| Czech Republic | 4.4 | 5.1 | 6.0 | 7.9 | 21.5% |
| Turkey | 1.1 | 1.2 | 3.3 | 4.9 | 64.5% |
| Hungary | 2.5 | 2.2 | 3.2 | 4.4 | 20.7% |
| Spain | 0.4 | 0.2 | 1.1 | 2.3 | 79.2% |
| Switzerland | 15.9 | 0.1 | N/A | N/A | -99.4% |
| Netherlands | 20.9 | N/A | N/A | N/A | 0% |
| Others | 1.9 | 1.4 | 2.4 | 2.4 | 8.1% |
| Total | 74.2 | 44.7 | 62.4 | 82.7 | 3.7% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Austria in 2022:
- Germany (19.4K tons)
- Liechtenstein (14.9K tons)
- Italy (10.5K tons)
- Czech Republic (10.1K tons)
- Turkey (4.0K tons)
- Hungary (3.9K tons)
- Spain (1.7K tons)
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