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

Contents:

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

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

In August 2023, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $755 per ton, dropping by -2.5% against the previous month. Over the period under review, the export price saw a pronounced setback. The pace of growth was the most pronounced in April 2023 when the average export price increased by 10% m-o-m. Over the period under review, the average export prices attained the maximum at $955 per ton in December 2022; however, from January 2023 to August 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was the United States ($1,334 per ton), while the average price for exports to Switzerland ($697 per ton) was amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-0.7%), while the prices for the other major destinations experienced a decline.

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

The average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $828 per ton in August 2023, approximately equating the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 5.5% month-to-month. The import price peaked at $939 per ton in May 2023; however, from June 2023 to August 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Switzerland.

From December 2022 to August 2023, the rate of growth in terms of prices for the Netherlands amounted to +0.3% per month.

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

In 2022, approx. 1.5M tons of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were exported from Germany; falling by -16.5% on the previous year. In general, exports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. As a result, the exports attained the peak of 1.8M tons, and then dropped markedly in the following year.

In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses expanded notably to $1.7B in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 75%. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. France (204.0K tons)
2. Poland (161.2K tons)
3. Austria (121.8K tons)
4. Netherlands (104.2K tons)
5. Italy (102.0K tons)
6. Switzerland (96.8K tons)
7. Belgium (85.7K tons)
8. United Kingdom (81.7K tons)
9. Sweden (69.6K tons)
10. Turkey (64.8K tons)
11. Canada (64.2K tons)
12. Czech Republic (64.1K tons)
13. United States (52.7K tons)

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

Imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Germany dropped to 943K tons in 2022, with a decrease of -11.6% against the previous year. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 34%. As a result, imports reached the peak of 1.1M tons, and then dropped in the following year.

In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses rose sharply to $1B in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 103% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. Italy (203.9K tons)
2. France (161.9K tons)
3. Switzerland (124.3K tons)
4. Czech Republic (116.2K tons)
5. Belgium (99.3K tons)
6. Poland (80.2K tons)
7. Austria (57.2K tons)
8. Netherlands (52.9K tons)
9. Spain (40.9K tons)
10. United Kingdom (0.7K tons)

Source: IndexBox Market Intelligence Platform