Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Paraguay - 2024

Contents:

  1. Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Paraguay (CIF) - 2024
  2. Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Paraguay

Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Paraguay (CIF) - 2024

In July 2023, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $909 per ton, surging by 6.1% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $917 per ton in April 2023; however, from May 2023 to July 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Chile ($1,000 per ton) and Argentina ($938 per ton), while the price for Turkey ($822 per ton) and Brazil ($897 per ton) were amongst the lowest.

From February 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Chile (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

After three years of growth, purchases abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses decreased by -46.8% to 24K tons in 2022. Over the period under review, imports showed a perceptible curtailment. The growth pace was the most rapid in 2021 when imports increased by 39% against the previous year. As a result, imports reached the peak of 45K tons, and then declined significantly in the following year.

In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses shrank dramatically to $20M in 2022. Overall, imports, however, recorded measured growth. The pace of growth appeared the most rapid in 2021 with an increase of 87% against the previous year. As a result, imports attained the peak of $36M, and then shrank significantly in the following year.

Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Paraguay (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Turkey4.39.320.39.831.6%
Brazil3.83.46.15.915.8%
Argentina7.74.29.43.5-23.1%
Chile1.72.10.20.9-19.1%
OthersN/A0.3N/AN/A0%
Total17.619.336.020.14.5%

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

  1. Turkey (11.9K tons)
  2. Brazil (6.9K tons)
  3. Argentina (3.9K tons)
  4. Chile (1.1K tons)

Source: IndexBox Market Intelligence Platform

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