Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway - 2024
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway (FOB) - 2024
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway (FOB) - 2024
In August 2023, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $663 per ton, declining by -8.2% against the previous month. Overall, the export price saw a perceptible shrinkage. The pace of growth was the most pronounced in April 2023 when the average export price increased by 3.6% m-o-m. As a result, the export price attained the peak level of $775 per ton. From May 2023 to August 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In August 2023, the highest price was recorded for prices to Finland ($668 per ton) and Estonia ($664 per ton), while the average price for exports to Denmark ($656 per ton) and Sweden ($660 per ton) were amongst the lowest.
From February 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (0.0%), 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 Norway (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 $1,041 per ton, picking up by 15% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 60%. Over the period under review, average import prices reached the maximum at $1,112 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,479 per ton), while the price for Portugal ($935 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+16.5%), 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 Norway
In 2022, overseas shipments of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -6.2% to 132K tons, falling for the second year in a row after two years of growth. Overall, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 8.7% against the previous year. As a result, the exports reached the peak of 158K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses expanded notably to $129M in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +63.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 51.3 | 50.4 | 71.7 | 77.2 | 14.6% |
| Finland | 24.2 | 21.2 | 34.6 | 39.8 | 18.0% |
| Denmark | 5.6 | 5.8 | 10.0 | 11.5 | 27.1% |
| Others | 0.3 | 1.6 | N/A | 0.3 | 0.0% |
| Total | 81.3 | 79.0 | 116 | 129 | 16.6% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Norway in 2022:
- Sweden (80.1K tons)
- Finland (40.2K tons)
- Denmark (11.2K tons)
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway
Imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses into Norway reduced to 29K tons in 2022, which is down by -12% compared with the year before. In general, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 30%.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $31M in 2022. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 107% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 4.2 | 4.2 | 5.0 | 12.8 | 45.0% |
| Germany | 8.2 | 5.7 | 9.6 | 7.4 | -3.4% |
| Italy | 5.6 | 1.0 | 7.3 | 5.0 | -3.7% |
| Spain | 1.0 | 0.6 | 0.7 | 1.9 | 23.9% |
| Lithuania | 3.0 | 1.5 | 1.9 | 1.2 | -26.3% |
| Sweden | 0.1 | 1.3 | 3.4 | 1.1 | 122.4% |
| Turkey | N/A | 0.1 | 0.2 | 0.5 | 123.6% |
| Others | 1.0 | 0.2 | 2.3 | 0.7 | -11.2% |
| Total | 23.1 | 14.6 | 30.3 | 30.6 | 9.8% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Norway in 2022:
- Portugal (13.7K tons)
- Germany (7.0K tons)
- Italy (4.4K tons)
- Spain (1.4K tons)
- Sweden (1.1K tons)
- Lithuania (1.0K tons)
- Turkey (0.5K tons)
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