Price for Iron or Steel; Cast Articles in Canada - 2023
Contents:
- Price for Iron or Steel; Cast Articles in Canada (CIF) - 2023
- Price for Iron or Steel; Cast Articles in Canada (FOB) - 2023
- Imports of Iron or Steel; Cast Articles in Canada
- Exports of Iron or Steel; Cast Articles in Canada
Price for Iron or Steel; Cast Articles in Canada (CIF) - 2023
The average import price for iron or steel; cast articleses stood at $2,618 per ton in June 2023, increasing by 30% against the previous month. Over the period under review, the import price continues to indicate modest growth. The most prominent rate of growth was recorded in December 2022 when the average import price increased by 46% m-o-m. As a result, import price attained the peak level of $3,678 per ton. From January 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($4,047 per ton), while the price for India ($1,367 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Iron or Steel; Cast Articles in Canada (FOB) - 2023
In June 2023, the average export price for iron or steel; cast articleses amounted to $2,813 per ton, reducing by -35.1% against the previous month. Over the period under review, export price indicated a modest expansion from June 2022 to June 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, iron or steel; cast articles export price decreased by -35.1% against May 2023 indices. The pace of growth appeared the most rapid in September 2022 an increase of 72% m-o-m. As a result, the export price reached the peak level of $4,987 per ton. From October 2022 to June 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($3,275 per ton), while the average price for exports to Romania ($1,448 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Steel; Cast Articles in Canada
Iron or steel; cast articles imports into Canada skyrocketed to 80K tons in 2022, growing by 22% on 2021. Overall, imports showed a relatively flat trend pattern.
In value terms, iron or steel; cast articles imports skyrocketed to $193M in 2022. The total import value increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Iron or Steel; Cast Articles in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 77.9 | 64.8 | 83.8 | 89.5 | 4.7% |
| India | 51.7 | 47.6 | 33.9 | 62.7 | 6.6% |
| China | 20.4 | 18.2 | 23.9 | 33.1 | 17.5% |
| Others | 7.5 | 5.8 | 11.3 | 7.4 | -0.4% |
| Total | 158 | 136 | 153 | 193 | 6.9% |
Top Suppliers of Iron or Steel; Cast Articles to Canada in 2022:
- India (41.7K tons)
- United States (23.1K tons)
- China (13.0K tons)
Exports of Iron or Steel; Cast Articles in Canada
In 2022, shipments abroad of iron or steel; cast articleses decreased by -32.6% to 15K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, the exports reached the peak of 33K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, iron or steel; cast articles exports declined to $50M in 2022. Overall, exports saw a pronounced decrease. The smallest decline of -0.9% was in 2020.
| Export of Iron or Steel; Cast Articles in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 51.0 | 41.7 | 45.9 | 45.6 | -3.7% |
| Germany | 1.0 | 0.9 | 1.2 | 1.1 | 3.2% |
| Mexico | 1.3 | 11.3 | 5.3 | 0.5 | -27.3% |
| Others | 3.7 | 2.6 | 3.5 | 3.0 | -6.8% |
| Total | 57.0 | 56.4 | 55.8 | 50.3 | -4.1% |
Top Export Markets for Iron or Steel; Cast Articles from Canada in 2022:
- United States (13.9K tons)
- Germany (0.3K tons)
- Mexico (0.2K tons)
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