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

Contents:

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

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

In July 2023, the average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $1,467 per ton, therefore, remained relatively stable against the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average export price increased by 6% m-o-m. Over the period under review, the average export prices attained the maximum at $1,511 per ton in April 2023; afterwards, it flattened through to July 2023.

There were significant differences in the average prices for the major foreign markets. In July 2023, the country with the highest price was Mexico ($1,800 per ton), while the average price for exports to Taiwan (Chinese) ($888 per ton) was amongst the lowest.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.8%), 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 Japan (CIF) - 2023

In July 2023, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $908 per ton, stabilizing at the previous month. Over the period under review, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 10% month-to-month. Over the period under review, average import prices hit record highs at $1,067 per ton in November 2022; however, from December 2022 to July 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In July 2023, the country with the highest price was South Korea ($946 per ton), while the price for China totaled $794 per ton.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Korea (-2.1%).

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

In 2022, approx. 486K tons of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses were exported from Japan; with a decrease of -18.9% against the year before. Over the period under review, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year.

In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses dropped to $650M in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 46%. As a result, the exports reached the peak of $673M, and then fell modestly in the following year.

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

1. United States (135.3K tons)
2. China (112.6K tons)
3. Thailand (78.2K tons)
4. South Korea (59.2K tons)
5. Indonesia (37.8K tons)
6. Taiwan (Chinese) (16.8K tons)
7. Mexico (16.7K tons)

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

In 2022, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Japan fell remarkably to 53K tons, with a decrease of -16.8% on 2021 figures. Over the period under review, imports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 3.3% against the previous year.

In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses shrank to $53M in 2022. Overall, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year.

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

1. South Korea (34.6K tons)
2. China (16.7K tons)
3. Taiwan (Chinese) (1.0K tons)

Source: IndexBox Market Intelligence Platform