Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt - 2023

Contents:

  1. Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt (FOB) - 2023
  2. Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt (CIF) - 2022
  3. Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt
  4. Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt

Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt (FOB) - 2023

The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $803 per ton in June 2023, falling by -22.3% against the previous month. In general, the export price saw a noticeable curtailment. The pace of growth was the most pronounced in February 2023 when the average export price increased by 6% month-to-month. The export price peaked at $1,137 per ton in March 2023; however, from April 2023 to June 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In June 2023, the countries with the highest prices were Turkey ($815 per ton) and Bulgaria ($797 per ton), while the average price for exports to Palestine ($780 per ton) and Tunisia ($797 per ton) were amongst the lowest.

From December 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt (CIF) - 2022

In 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $992 per ton, surging by 24% against the previous year. Over the period under review, the import price recorded a modest increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 171% against the previous year. The import price peaked at $1,332 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($992 per ton) and India ($992 per ton), while the price for Turkey ($992 per ton) and Spain ($992 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt

Exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from Egypt expanded modestly to 340K tons in 2022, with an increase of 4.9% on the previous year's figure. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +13.6% 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 +61.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses rose notably to $308M in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 93% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Saudi Arabia46.280.746.994.326.8%
PalestineN/AN/AN/A41.30%
United States10.33.398.438.054.5%
RomaniaN/A4.24.419.8117.1%
SpainN/AN/A17.918.32.2%
BelgiumN/AN/A3.313.7315.2%
NetherlandsN/A10.9N/A12.57.1%
CyprusN/AN/AN/A10.50%
ItalyN/A3.69.810.268.3%
BulgariaN/AN/A4.99.8100.0%
United KingdomN/AN/AN/A9.20%
Jordan18.818.513.68.1-24.5%
Sudan8.64.84.84.7-18.2%
Others39.321.680.817.4-23.8%
Total12314728530835.8%

Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Egypt in 2022:

  1. Saudi Arabia (104.0K tons)
  2. Palestine (47.9K tons)
  3. United States (41.1K tons)
  4. Romania (23.9K tons)
  5. Spain (18.6K tons)
  6. Belgium (15.6K tons)
  7. Netherlands (14.8K tons)
  8. Italy (10.9K tons)
  9. Cyprus (10.7K tons)
  10. Bulgaria (10.0K tons)
  11. United Kingdom (9.4K tons)
  12. Jordan (9.2K tons)
  13. Sudan (5.4K tons)

Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt

In 2022, supplies from abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -20.7% to 36K tons, falling for the second year in a row after two years of growth. In general, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 92%. As a result, imports reached the peak of 121K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses reduced modestly to $35M in 2022. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 44%. As a result, imports attained the peak of $65M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Egypt (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia19.725.05.811.4-16.7%
China0.10.32.69.5356.3%
SpainN/A12.315.16.8-25.6%
Turkey23.325.82.86.4-35.0%
IndiaN/AN/A5.11.3-74.5%
Others1.71.24.6N/A64.5%
Total44.964.636.035.3-7.7%

Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Egypt in 2022:

  1. Russia (11.5K tons)
  2. China (9.6K tons)
  3. Spain (6.8K tons)
  4. Turkey (6.5K tons)
  5. India (1.3K tons)

Source: IndexBox Market Intelligence Platform

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