Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary (FOB) - 2023
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary (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 $1,089 per ton, picking up by 29% against the previous year. In general, the import price recorded a tangible increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 61%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($1,249 per ton) and the Czech Republic ($1,244 per ton), while the price for Serbia ($914 per ton) and Romania ($958 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary (FOB) - 2023
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $658 per ton in July 2023, shrinking by -3.2% against the previous month. Over the period under review, the export price recorded a pronounced decrease. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 10% against the previous month. As a result, the export price reached the peak level of $883 per ton. From March 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Romania ($1,207 per ton), while the average price for exports to the Czech Republic ($692 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary
In 2022, approx. 276K tons of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were imported into Hungary; with a decrease of -3.5% compared with the year before. The total import volume increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of 286K tons, and then contracted slightly in the following year.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $301M in 2022. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 97%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 44.0 | 42.0 | 69.3 | 96.0 | 29.7% |
| Italy | 43.6 | 35.2 | 71.1 | 73.1 | 18.8% |
| Romania | N/A | 0.7 | 27.1 | 40.9 | 664.4% |
| Germany | 18.3 | 13.0 | 19.5 | 25.7 | 12.0% |
| Poland | 19.1 | 13.9 | 19.5 | 23.8 | 7.6% |
| United Kingdom | 4.2 | 1.4 | 6.0 | 14.3 | 50.4% |
| Serbia | N/A | 0.8 | 9.1 | 9.6 | 246.4% |
| Austria | 6.9 | 3.7 | 6.7 | 8.0 | 5.1% |
| Others | 9.8 | 12.0 | 13.7 | 9.2 | -2.1% |
| Total | 146 | 123 | 242 | 301 | 27.3% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Hungary in 2022:
- Czech Republic (77.1K tons)
- Italy (74.1K tons)
- Romania (42.7K tons)
- Poland (22.4K tons)
- Germany (21.8K tons)
- United Kingdom (11.4K tons)
- Serbia (10.5K tons)
- Austria (6.9K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary
In 2022, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses from Hungary skyrocketed to 24K tons, growing by 110% compared with 2021 figures. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 118%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $25M in 2022. In general, exports recorded a significant increase. 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 Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 1.9 | 4.2 | 5.0 | 10.9 | 79.0% |
| Czech Republic | N/A | N/A | 0.6 | 9.7 | 1516.7% |
| Poland | N/A | N/A | 2.3 | 1.8 | -21.7% |
| Romania | N/A | 0.3 | 0.1 | 0.9 | 73.2% |
| Austria | 0.2 | 0.1 | 0.3 | 0.8 | 58.7% |
| Germany | N/A | N/A | 1.4 | 0.8 | -42.9% |
| Others | N/A | N/A | 0.8 | N/A | 0% |
| Total | 2.1 | 4.6 | 10.5 | 24.9 | 128.0% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Hungary in 2022:
- Slovakia (10.6K tons)
- Czech Republic (9.2K tons)
- Poland (1.6K tons)
- Romania (1.0K tons)
- Austria (0.7K tons)
- Germany (0.6K tons)
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