Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary - 2023

Contents:

1. Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary (CIF) - 2023
2. Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary (FOB) - 2022
3. Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary
4. Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary (CIF) - 2023

In July 2023, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,468 per ton, waning by -4.4% against the previous month. Over the last eight months, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in April 2023 an increase of 30% m-o-m. As a result, import price attained the peak level of $1,645 per ton. From May 2023 to July 2023, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was Austria ($1,597 per ton), while the price for Italy ($1,286 per ton) was amongst the lowest.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary (FOB) - 2022

The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $1,718 per ton in 2022, jumping by 36% against the previous year. In general, export price indicated a slight increase from 2013 to 2022: its price increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses increased by +88.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 39% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($1,800 per ton), while the average price for exports to Romania ($1,623 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+33.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary

In 2022, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Hungary skyrocketed to 6.8K tons, growing by 154% against 2021 figures. Overall, imports posted significant growth. 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 soared to $8.7M in 2022. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 294%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Hungary in 2022:

1. United Kingdom (3386.4 tons)
2. Austria (1555.2 tons)
3. Czech Republic (719.4 tons)
4. Spain (429.3 tons)
5. Italy (423.4 tons)
6. Germany (135.3 tons)
7. Netherlands (75.5 tons)
8. Poland (71.2 tons)

Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Hungary

In 2022, after three years of growth, there was significant decline in shipments abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses, when their volume decreased by -14.6% to 13 tons. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 8,922% against the previous year.

In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses skyrocketed to $22K in 2022. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 6,938% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Hungary in 2022:

1. Germany (9.1 tons)
2. Slovakia (2.3 tons)
3. Romania (1.5 tons)

Source: IndexBox Market Intelligence Platform