Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hong Kong SAR - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hong Kong SAR (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hong Kong SAR (CIF) - 2023
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hong Kong SAR
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hong Kong SAR
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hong Kong SAR (FOB) - 2022
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $673 per ton in 2022, with a decrease of -35.3% against the previous year. In general, the export price showed a perceptible setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 59%. Over the period under review, the average export prices hit record highs at $1,067 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -4.5% per year.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hong Kong SAR (CIF) - 2023
In September 2023, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $631 per ton, which is down by -7% against the previous month. Overall, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 37% against the previous month. Over the period under review, average import prices hit record highs at $828 per ton in June 2023; however, from July 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Spain ($746 per ton), while the price for China amounted to $583 per ton.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Turkey (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hong Kong SAR
Exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from Hong Kong SAR soared to 5K tons in 2022, picking up by 6,593% compared with 2021. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $3.3M in 2022. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 198 | 110 | 77.1 | 3,335 | 156.3% |
| Singapore | N/A | 86.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 198 | 196 | 77.1 | 3,335 | 156.3% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Hong Kong SAR in 2022:
- China (5.0K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hong Kong SAR
In 2022, the amount of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses imported into Hong Kong SAR reduced dramatically to 3.7K tons, shrinking by -84.6% on the year before. In general, imports recorded a significant curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 55%. As a result, imports attained the peak of 24K tons, and then dropped remarkably in the following year.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses shrank significantly to $2.5M in 2022. Overall, imports recorded a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 133% against the previous year. As a result, imports reached the peak of $18M, and then dropped remarkably in the following year.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | 0.6 | 3.6 | 1.0 | 29.1% |
| Spain | 0.9 | 1.5 | 4.1 | 0.7 | -8.0% |
| Malaysia | N/A | N/A | N/A | 0.3 | 0% |
| China | 5.8 | 4.6 | 6.4 | 0.3 | -62.7% |
| India | N/A | N/A | 2.7 | 0.1 | -96.3% |
| South Korea | 2.5 | 0.7 | N/A | N/A | -72.0% |
| Turkey | 0.3 | N/A | 0.8 | N/A | 63.3% |
| Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Total | 9.7 | 7.5 | 17.6 | 2.5 | -36.4% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Hong Kong SAR in 2022:
- Singapore (1492.0 tons)
- Spain (978.1 tons)
- China (523.6 tons)
- Malaysia (409.3 tons)
- India (211.9 tons)
- Turkey (58.8 tons)
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