Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy (CIF) - 2023
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy (FOB) - 2023
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy (CIF) - 2023
In August 2023, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,031 per ton, reducing by -11.6% against the previous month. Over the period under review, the import price showed a pronounced downturn. The growth pace was the most rapid in June 2023 an increase of 3.9% m-o-m. The import price peaked at $1,331 per ton in December 2022; however, from January 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($2,611 per ton), while the price for Brazil ($1,036 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.6%), 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 Italy (FOB) - 2023
In August 2023, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $803 per ton, dropping by -4.9% against the previous month. In general, the export price recorded a mild decrease. The pace of growth was the most pronounced in January 2023 when the average export price increased by 11% m-o-m. The export price peaked at $981 per ton in June 2023; however, from July 2023 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Mexico ($2,357 per ton), while the average price for exports to Albania ($632 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 Mexico (+16.5%), 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 Italy
In 2022, the amount of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses imported into Italy shrank rapidly to 309K tons, declining by -19.2% on 2021. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 21%. As a result, imports reached the peak of 382K tons, and then shrank dramatically in the following year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses rose markedly to $424M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.8% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 61%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 94.3 | 87.4 | 168 | 159 | 19.0% |
| Austria | 44.9 | 36.5 | 54.9 | 65.7 | 13.5% |
| Czech Republic | 32.5 | 29.7 | 31.9 | 52.4 | 17.3% |
| France | 25.0 | 21.1 | 31.6 | 33.4 | 10.1% |
| Switzerland | 12.6 | 13.8 | 21.4 | 27.4 | 29.6% |
| Poland | 26.5 | 10.2 | 25.4 | 20.3 | -8.5% |
| Spain | 17.8 | 9.8 | 19.2 | 17.5 | -0.6% |
| Others | 36.7 | 30.0 | 30.2 | 48.4 | 9.7% |
| Total | 290 | 238 | 383 | 424 | 13.5% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Italy in 2022:
- Germany (120.8K tons)
- Czech Republic (46.7K tons)
- Austria (41.7K tons)
- Switzerland (19.3K tons)
- France (17.1K tons)
- Poland (15.0K tons)
- Spain (10.5K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy
After three years of growth, overseas shipments of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -17.8% to 258K tons in 2022. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 1.4%.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses expanded to $302M in 2022. In general, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 53%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 60.0 | 57.9 | 94.2 | 102 | 19.3% |
| Czech Republic | 17.6 | 16.3 | 36.7 | 31.8 | 21.8% |
| France | 23.9 | 18.7 | 25.5 | 30.5 | 8.5% |
| Poland | 21.0 | 16.6 | 24.5 | 28.2 | 10.3% |
| Slovakia | 14.8 | 18.3 | 26.8 | 25.6 | 20.0% |
| Spain | 8.1 | 11.1 | 16.7 | 18.9 | 32.6% |
| Turkey | 3.6 | 6.2 | 14.3 | 11.1 | 45.5% |
| Sweden | 7.7 | 4.8 | 8.3 | 9.8 | 8.4% |
| Bosnia and Herzegovina | 3.1 | 4.7 | 6.2 | 7.8 | 36.0% |
| Austria | 9.1 | 5.5 | 7.6 | 7.2 | -7.5% |
| Algeria | 18.3 | 5.7 | 1.4 | 4.0 | -39.8% |
| Romania | 3.8 | 2.3 | 2.1 | 3.8 | 0.0% |
| Others | 15.9 | 20.7 | 24.6 | 20.9 | 9.5% |
| Total | 207 | 189 | 289 | 302 | 13.4% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Italy in 2022:
- Germany (86.2K tons)
- Czech Republic (32.0K tons)
- Slovakia (25.3K tons)
- Poland (24.8K tons)
- France (20.6K tons)
- Spain (15.7K tons)
- Turkey (8.8K tons)
- Austria (7.2K tons)
- Bosnia and Herzegovina (6.7K tons)
- Sweden (6.0K tons)
- Romania (4.9K tons)
- Algeria (4.4K tons)
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