Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovenia - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovenia (CIF) - 2023
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovenia (FOB) - 2023
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovenia
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovenia
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovenia (CIF) - 2023
In August 2023, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $663 per ton, shrinking by -16.3% against the previous month. Over the period under review, the import price saw a pronounced curtailment. The most prominent rate of growth was recorded in April 2023 an increase of 12% m-o-m. As a result, import price attained the peak level of $883 per ton. From May 2023 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Turkey ($1,463 per ton), while the price for Bosnia and Herzegovina ($653 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Turkey (+82.9%), while the prices for the other major suppliers experienced a decline.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovenia (FOB) - 2023
The average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses stood at $951 per ton in August 2023, with an increase of 4.3% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 15% m-o-m. Over the period under review, the average export prices reached the maximum at $1,056 per ton in December 2022; however, from January 2023 to August 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Serbia.
From November 2022 to August 2023, the rate of growth in terms of prices for Slovakia amounted to +2.0% per month.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovenia
For the fourth consecutive year, Slovenia recorded growth in purchases abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses, which increased by 0.6% to 140K tons in 2022. The total import volume increased at an average annual rate of +8.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $151M in 2022. Overall, imports showed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 73% against the previous year. Over the period under review, imports of attained the maximum 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 Slovenia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 37.8 | 37.7 | 68.1 | 74.3 | 25.3% |
| South Korea | 12.9 | 12.1 | 21.1 | 38.5 | 44.0% |
| Czech Republic | 7.2 | 7.1 | 9.3 | 11.7 | 17.6% |
| Austria | 3.2 | 4.4 | 6.0 | 8.0 | 35.7% |
| Egypt | N/A | N/A | 1.3 | 6.0 | 361.5% |
| Croatia | 0.1 | 0.9 | 2.2 | 4.0 | 242.0% |
| Poland | 1.9 | 1.7 | 2.6 | 3.2 | 19.0% |
| Bosnia and Herzegovina | 1.3 | 1.0 | 2.6 | 1.9 | 13.5% |
| Others | 1.9 | 1.2 | 1.5 | 2.8 | 13.8% |
| Total | 66.3 | 66.2 | 115 | 151 | 31.6% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Slovenia in 2022:
- Italy (72.8K tons)
- South Korea (35.1K tons)
- Czech Republic (9.8K tons)
- Austria (6.7K tons)
- Egypt (5.1K tons)
- Croatia (3.8K tons)
- Poland (2.6K tons)
- Bosnia and Herzegovina (2.0K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovenia
For the fourth year in a row, Slovenia recorded growth in shipments abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses, which increased by 20% to 48K tons in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $52M in 2022. In general, exports showed a significant increase. The growth pace was the most rapid in 2021 when exports increased by 97% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Slovenia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 16.1 | 9.0 | 14.0 | 21.7 | 10.5% |
| Czech Republic | 0.4 | N/A | 8.9 | 19.4 | 264.7% |
| Serbia | N/A | 4.4 | 7.1 | 6.5 | 21.5% |
| Slovakia | N/A | 2.8 | 2.0 | 3.2 | 6.9% |
| Others | 0.4 | 0.3 | 0.5 | 0.8 | 26.0% |
| Total | 16.9 | 16.5 | 32.4 | 51.8 | 45.3% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Slovenia in 2022:
- Hungary (18.8K tons)
- Czech Republic (16.9K tons)
- Serbia (9.0K tons)
- Slovakia (2.8K tons)
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