Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China - 2024
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China (FOB) - 2024
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China (CIF) - 2024
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China (FOB) - 2024
In August 2023, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $605 per ton, falling by -5% against the previous month. In general, the export price continues to indicate a slight setback. The most prominent rate of growth was recorded in March 2023 an increase of 4.2% against the previous month. Over the period under review, the average export prices reached the peak figure at $707 per ton in May 2023; however, from June 2023 to August 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In August 2023, the highest price was recorded for prices to South Korea ($684 per ton) and Japan ($658 per ton), while the average price for exports to Thailand ($572 per ton) and Egypt ($575 per ton) were amongst the lowest.
From February 2023 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+0.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China (CIF) - 2024
In September 2023, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,294 per ton, falling by -8.6% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 6.9% m-o-m. Over the period under review, average import prices hit record highs at $1,559 per ton in June 2023; however, from July 2023 to September 2023, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the highest price was recorded for prices from Germany ($1,434 per ton) and Japan ($1,383 per ton), while the price for South Korea ($965 per ton) and Thailand ($1,355 per ton) were amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.5%), while the prices for the other major suppliers experienced a decline.
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China
Exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses from China shrank remarkably to 1M tons in 2022, falling by -60.7% compared with 2021. In general, exports showed a sharp slump. The pace of growth was the most pronounced in 2021 when exports increased by 4.9%.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses dropped rapidly to $823M in 2022. Overall, exports recorded a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of 45%.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 326 | 222 | 170 | 214 | -13.1% |
| South Korea | 429 | 277 | 404 | 165 | -27.3% |
| Vietnam | 159 | 114 | 201 | 149 | -2.1% |
| Indonesia | 200 | 141 | 174 | 98.5 | -21.0% |
| Malaysia | 80.2 | 42.1 | 76.9 | 50.9 | -14.1% |
| Pakistan | 44.2 | 43.5 | 52.0 | 45.7 | 1.1% |
| India | 35.8 | 15.1 | 16.0 | 20.9 | -16.4% |
| Japan | 49.3 | 28.7 | 18.3 | 18.4 | -28.0% |
| Colombia | 28.7 | 27.8 | 69.9 | 3.7 | -49.5% |
| Philippines | 112 | 42.8 | 112 | 2.1 | -73.4% |
| Peru | 45.5 | 79.0 | 101 | 1.7 | -66.6% |
| Saudi Arabia | 37.3 | 35.8 | 34.4 | 0.3 | -80.0% |
| Guatemala | 27.7 | 28.5 | 43.2 | N/A | 24.9% |
| Others | 254 | 140 | 318 | 53.1 | -40.7% |
| Total | 1,828 | 1,237 | 1,791 | 823 | -23.4% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from China in 2022:
- Thailand (279.0K tons)
- South Korea (214.5K tons)
- Vietnam (175.4K tons)
- Indonesia (120.6K tons)
- Malaysia (67.2K tons)
- Pakistan (59.4K tons)
- India (21.5K tons)
- Japan (20.8K tons)
- Colombia (4.6K tons)
- Peru (2.4K tons)
- Philippines (1.3K tons)
- Saudi Arabia (0.4K tons)
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China
In 2022, purchases abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -25.4% to 189K tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2020 when imports increased by 41% against the previous year. As a result, imports attained the peak of 316K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses contracted to $272M in 2022. The total import value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 13% against the previous year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 129 | 129 | 154 | 150 | 5.2% |
| South Korea | 62.9 | 77.8 | 67.7 | 59.9 | -1.6% |
| Taiwan (Chinese) | 20.2 | 18.0 | 25.6 | 23.7 | 5.5% |
| Germany | 8.9 | 10.6 | 22.6 | 12.3 | 11.4% |
| Saudi Arabia | N/A | 15.8 | N/A | N/A | 0% |
| Others | 14.0 | 15.4 | 30.4 | 26.0 | 22.9% |
| Total | 235 | 266 | 300 | 272 | 5.0% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to China in 2022:
- Japan (109.9K tons)
- South Korea (49.3K tons)
- Taiwan (Chinese) (17.9K tons)
- Germany (6.6K tons)
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