Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Pakistan - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Pakistan (CIF) - 2023
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Pakistan (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Pakistan
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Pakistan
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Pakistan (CIF) - 2023
In February 2023, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $764 per ton, dropping by -8.5% against the previous month. In general, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in December 2022 an increase of 8.4% m-o-m. The import price peaked at $1,142 per ton in August 2022; however, from September 2022 to February 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In February 2023, the country with the highest price was China ($762 per ton), while the price for Iran stood at $745 per ton.
From August 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Iran (+9.5%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Pakistan (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $2,835 per ton in 2022, shrinking by -6.7% against the previous year. Over the period under review, the export price, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 102%. The export price peaked at $3,039 per ton in 2021, and then shrank in the following year.
As there is only one major export destination, the average price level is determined by prices for Afghanistan.
From 2012 to 2022, the rate of growth in terms of prices for Afghanistan amounted to +13.0% per year.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Pakistan
In 2022, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses into Pakistan declined rapidly to 75K tons, dropping by -24.9% compared with the year before. In general, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 12% against the previous year. As a result, imports reached the peak of 100K tons, and then fell dramatically in the following year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses reduced to $73M in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.7% 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 +41.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 54% against the previous year. As a result, imports attained the peak of $79M, and then declined in the following year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 51.8 | 46.6 | 72.6 | 63.6 | 7.1% |
| United Arab Emirates | 0.8 | 1.1 | 2.5 | 3.0 | 55.4% |
| Canada | 0.9 | 0.5 | 0.9 | 1.2 | 10.1% |
| Iran | 0.4 | 0.2 | 0.6 | 1.1 | 40.1% |
| Others | 2.6 | 3.0 | 2.8 | 3.8 | 13.5% |
| Total | 56.5 | 51.5 | 79.4 | 72.6 | 8.7% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to Pakistan in 2022:
- China (65.6K tons)
- United Arab Emirates (3.2K tons)
- Iran (1.4K tons)
- Canada (1.2K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Pakistan
After two years of decline, shipments abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses increased by 0.9% to 19 tons in 2022. In general, exports, however, saw a relatively flat trend pattern.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses shrank to $53K in 2022. The total export value increased at an average annual rate of +6.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 13%. As a result, the exports attained the peak of $56K, and then dropped in the following year.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 42.7 | 49.2 | 54.9 | 52.5 | 7.1% |
| Others | 0.7 | N/A | 0.9 | N/A | 13.4% |
| Total | 43.4 | 49.2 | 55.8 | 52.5 | 6.6% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from Pakistan in 2022:
- Afghanistan (18.5 tons)
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