Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Russia - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Russia (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Russia (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Russia
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Russia
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Russia (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $772 per ton in 2022, rising by 26% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s increased by +115.1% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average export price increased by 30%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($809 per ton), while the average price for exports to Denmark amounted to $620 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Russia (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $25,222 per ton, rising by 463% against the previous year. Over the period under review, the import price posted significant growth. The most prominent rate of growth was recorded in 2016 an increase of 1,741%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the Czech Republic.
From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to -0.2% per year.
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Russia
In 2022, the amount of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s exported from Russia dropped dramatically to 36K tons, waning by -81.8% on the year before. In general, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 113% against the previous year. As a result, the exports attained the peak of 199K tons, and then declined remarkably in the following year.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s contracted dramatically to $28M in 2022. Over the period under review, exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 120% against the previous year. As a result, the exports attained the peak of $122M, and then contracted remarkably in the following year.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| El Salvador | 21.3 | 4.5 | 40.8 | 23.6 | 3.5% |
| Denmark | 17.7 | 11.7 | 47.4 | 4.3 | -37.6% |
| Jordan | N/A | 8.9 | N/A | N/A | 0% |
| Guatemala | 42.9 | 20.6 | 32.9 | N/A | -12.4% |
| Ethiopia | 5.1 | N/A | N/A | N/A | 0% |
| Others | N/A | 9.5 | 0.6 | N/A | -93.7% |
| Total | 86.9 | 55.2 | 122 | 28.0 | -31.4% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Russia in 2022:
- El Salvador (29.2K tons)
- Denmark (7.0K tons)
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Russia
In 2022, overseas purchases of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s decreased by -99.9% to 9 kg for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a sharp decrease.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s declined notably to $227 in 2022. In general, imports recorded a significant decline.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | N/A | N/A | N/A | 0.2 | 0% |
| Turkey | 79.6 | N/A | 33.1 | N/A | -35.5% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 79.6 | N/A | 33.2 | 0.2 | -86.4% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Russia in 2022:
- Czech Republic (9.0 kg)
275
This report provides an in-depth analysis of the ingots of non-alloy steel market in Russian Federation.
511
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in the Russian Federation.
326
This report provides an in-depth analysis of the iron and steel market in the Russian Federation.
491
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
4758
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
1131
This report provides an in-depth analysis of the global iron and steel market.
275
This report provides an in-depth analysis of the ingots of non-alloy steel market in Russian Federation.
511
This report provides an in-depth analysis of the market for raw steel and steel semi-finished products in the Russian Federation.
491
Global Non-Alloy Steel Ingot Market Report 2018. This report provides an in-depth analysis of the global non-alloy steel ingot market.
4758
This report provides an in-depth analysis of the global market for raw steel and steel semi-finished products.
298
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2416
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
800
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
1118
In value terms, ferro-cerium and other pyrophoric alloys exports totaled $X in 2016. In general, ferro-cerium and other pyrophoric alloys exports continue to indicate a relatively flat trend patter...
837
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
800
In 2016, approx. X tons of steel were imported worldwide- moving up by X% against the previous year level. In general, steel imports continue to indicate a relatively flat trend pattern. The pace...
228
Discover the leading countries in the global iron and steel import market and their key statistics. Learn about the trends and factors driving the demand for these crucial materials.
298
Explore the top import markets for raw steel and steel semi-finished products worldwide. Get key statistics and insights from the IndexBox market intelligence platform.
2416
The beginning of 2021 saw a sharp increase in the steel demand, while metallurgical plants were still recovering from the operational downtime incurred during the lockdown. This market disbalance leads to an increase in steel prices. The recovery of the automotive sector and other downstream industries in 2020, at a faster pace than expected, generates the conditions for robust steel demand in the medium term.
800
In value terms, ferro-cerium and other pyrophoric alloys imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern ind...
