Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria (FOB) - 2023
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria (CIF) - 2023
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria (FOB) - 2023
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,410 per ton in August 2023, almost unchanged from the previous month. In general, the export price saw a perceptible shrinkage. The growth pace was the most rapid in May 2023 when the average export price increased by 4.5% against the previous month. The export price peaked at $1,704 per ton in December 2022; however, from January 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($15,414 per ton), while the average price for exports to Turkey ($1,358 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria (CIF) - 2023
The average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,422 per ton in July 2023, standing approximately at the previous month. Overall, the import price, however, showed a pronounced descent. The pace of growth appeared the most rapid in February 2023 an increase of 37% against the previous month. As a result, import price attained the peak level of $2,159 per ton. From March 2023 to July 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was France ($9,843 per ton), while the price for Italy ($712 per ton) was amongst the lowest.
From December 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria
Exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from Austria reduced to 201K tons in 2022, falling by -9.8% on the previous year. In general, exports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 18%.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $324M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +12.1% 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 +84.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 48%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 127 | 97.1 | 132 | 165 | 9.1% |
| Italy | 39.5 | 35.2 | 53.9 | 65.7 | 18.5% |
| Poland | 14.5 | 9.7 | 12.8 | 19.4 | 10.2% |
| Turkey | 12.7 | 9.3 | 14.7 | 16.8 | 9.8% |
| Spain | 5.8 | 4.8 | 9.0 | 13.5 | 32.5% |
| Liechtenstein | N/A | 5.8 | 6.0 | 7.8 | 16.0% |
| Czech Republic | 4.4 | 2.6 | 4.8 | 4.1 | -2.3% |
| Others | 26.1 | 11.8 | 27.2 | 31.6 | 6.6% |
| Total | 230 | 176 | 261 | 324 | 12.1% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Austria in 2022:
- Germany (108.5K tons)
- Italy (41.7K tons)
- Turkey (12.6K tons)
- Poland (12.2K tons)
- Spain (8.0K tons)
- Liechtenstein (4.6K tons)
- Czech Republic (2.7K tons)
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria
In 2022, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Austria surged to 18K tons, picking up by 57% on 2021. In general, total imports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses surged to $30M in 2022. Over the period under review, imports, however, saw a deep setback.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 29.2 | 17.3 | 10.4 | 15.8 | -18.5% |
| Italy | 2.8 | 1.3 | 1.3 | 7.3 | 37.6% |
| France | 5.5 | 4.3 | 3.4 | 3.6 | -13.2% |
| Switzerland | 1.1 | 1.2 | 1.9 | 2.2 | 26.0% |
| Spain | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Japan | 1.6 | N/A | 0.1 | N/A | -75.0% |
| Others | N/A | 0.2 | 0.2 | 0.7 | 87.1% |
| Total | 40.2 | 24.2 | 17.3 | 30.0 | -9.3% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Austria in 2022:
- Germany (9.1K tons)
- Italy (6.6K tons)
- Switzerland (1.5K tons)
- France (0.4K tons)
- Spain (0.3K tons)
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